Cover
Cover - shares | 9 Months Ended | |
Mar. 31, 2021 | Sep. 07, 2021 | |
Cover [Abstract] | ||
Entity Registrant Name | ALMOST NEVER FILMS INC | |
Entity Central Index Key | 0001422768 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | No | |
Document Period End Date | Mar. 31, 2021 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Entity Common Stock Shares Outstanding | 5,798,765 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 000-53049 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 26-1665960 | |
Entity Address Address Line 1 | 8605 Santa Monica Blvd #98258 | |
Entity Address City Or Town | West Hollywood | |
Entity Address State Or Province | CA | |
Entity Address Postal Zip Code | 90069-4109 | |
City Area Code | 213 | |
Local Phone Number | 296-3005 | |
Security 12g Title | Common Stock, $.001 par vale | |
Trading Symbol | HLWD | |
Entity Interactive Data Current | No |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Mar. 31, 2021 | Jun. 30, 2020 |
Current Assets | ||
Cash and cash equivalents | $ 88,428 | $ 80,510 |
Loan receivable- related party | 0 | 20,000 |
Total Current Assets | 88,428 | 100,510 |
Film costs | 85,496 | 85,496 |
TOTAL ASSETS | 173,924 | 186,006 |
Current Liabilities | ||
Accounts payable and accrued expenses | 73,105 | 64,920 |
Due to related party | 66,927 | 500 |
Interest payable | 116,643 | 96,662 |
Promissory note payable | 78,820 | 82,797 |
Promissory note payable - related party | 110,000 | 110,000 |
Total Current Liabilities | 445,495 | 354,879 |
TOTAL LIABILITIES | 445,495 | 354,879 |
Stockholders' Equity (Deficit) | ||
Preferred stock: no par value, 5,000,000 authorized; Series A Preferred stock: 2,000,000 authorized; no shares issued and outstanding | 0 | 0 |
Common stock: 25,000,000 authorized; $0.001 par value 5,798,765 shares issued and outstanding. | 5,799 | 5,799 |
Additional paid in capital | 1,895,486 | 1,895,486 |
Accumulated deficit | (2,170,907) | (2,068,521) |
Total shareholders' deficit attributable to Almost Never Films Inc. shareholders | (269,622) | (167,236) |
Noncontrolling interest | (1,949) | (1,637) |
Total shareholders' deficit | (271,571) | (168,873) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 173,924 | $ 186,006 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2021 | Jun. 30, 2020 |
Stockholders' Equity (Deficit) | ||
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Common stock, shares authorized | 25,000,000 | 25,000,000 |
Common stock, shares par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 5,798,765 | 5,798,765 |
Common stock, shares outstanding | 5,778,765 | 5,798,765 |
Series A Preferred Stock [Member] | ||
Stockholders' Equity (Deficit) | ||
Preferred stock, shares authorized | 2,000,000 | 2,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | |
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) | ||||
Revenues | $ 0 | $ 0 | $ 0 | $ 343,256 |
Cost of Revenues | 0 | 0 | 0 | 343,256 |
Gross Profit | 0 | 0 | 0 | 0 |
Operating Expenses | ||||
General and administration expenses | 17,576 | 56,612 | 65,115 | 171,627 |
(Recovery of) Professional fees | (10,000) | 11,912 | 11,504 | 63,896 |
Total operating expenses | 7,576 | 68,524 | 76,619 | 235,523 |
Loss from operations | (7,576) | (68,524) | (76,619) | (235,523) |
Other (Expense) Income | ||||
Interest expense | (8,524) | (13,613) | (26,079) | (47,803) |
Gain on modification of debt | 0 | 0 | 0 | 19,782 |
Bad debt for loan receivable | 0 | 0 | 0 | (12,000) |
Total other expense, net | (8,524) | (13,613) | (26,079) | (40,021) |
Net loss before income taxes | (16,100) | (82,137) | (102,698) | (275,544) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net loss | (16,100) | (82,137) | (102,698) | (275,544) |
Net loss attributable to: | ||||
Almost Never Films Inc. | (16,100) | (82,137) | (102,386) | (275,520) |
Noncontrolling interest | 0 | 0 | (312) | (24) |
Comprehensive Loss | $ (16,100) | $ (82,137) | $ (102,698) | $ (275,544) |
Net Loss Per Common Share - Basic and Diluted | $ 0 | $ (0.01) | $ (0.02) | $ (0.05) |
Net Income Loss Per Share Attributable to Common Stockholders of the Company - Basic and Diluted | $ 0 | $ (0.01) | $ (0.02) | $ (0.05) |
Weighted Average Common Shares Outstanding - Basic and Diluted | 5,798,765 | 5,798,765 | 5,798,765 | 5,792,533 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders Equity (Deficit) (Unaudited) - USD ($) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Non-controlling Interest [Member] |
Balance, shares at Jun. 30, 2019 | 5,778,765 | ||||
Balance, amount at Jun. 30, 2019 | $ 129,189 | $ 5,779 | $ 1,880,506 | $ (1,755,486) | $ (1,610) |
Common shares issued to settle interest of note payable, shares | 20,000 | ||||
Common shares issued to settle interest of note payable, amount | 15,000 | $ 20 | 14,980 | 0 | 0 |
Net loss | (102,670) | $ 0 | 0 | (102,653) | (17) |
Balance, shares at Sep. 30, 2019 | 5,798,765 | ||||
Balance, amount at Sep. 30, 2019 | 41,519 | $ 5,799 | 1,895,486 | (1,858,139) | (1,627) |
Balance, shares at Jun. 30, 2019 | 5,778,765 | ||||
Balance, amount at Jun. 30, 2019 | 129,189 | $ 5,779 | 1,880,506 | (1,755,486) | (1,610) |
Net loss | (275,544) | ||||
Balance, shares at Mar. 31, 2020 | 5,798,765 | ||||
Balance, amount at Mar. 31, 2020 | (131,355) | $ 5,799 | 1,895,486 | (2,031,006) | (1,634) |
Balance, shares at Sep. 30, 2019 | 5,798,765 | ||||
Balance, amount at Sep. 30, 2019 | 41,519 | $ 5,799 | 1,895,486 | (1,858,139) | (1,627) |
Net loss | (90,737) | $ 0 | 0 | (90,730) | (7) |
Balance, shares at Dec. 31, 2019 | 5,798,765 | ||||
Balance, amount at Dec. 31, 2019 | (49,218) | $ 5,799 | 1,895,486 | (1,948,869) | (1,634) |
Net loss | (82,137) | $ 0 | 0 | (82,137) | 0 |
Balance, shares at Mar. 31, 2020 | 5,798,765 | ||||
Balance, amount at Mar. 31, 2020 | (131,355) | $ 5,799 | 1,895,486 | (2,031,006) | (1,634) |
Balance, shares at Jun. 30, 2020 | 5,798,765 | ||||
Balance, amount at Jun. 30, 2020 | (168,873) | $ 5,799 | 1,895,486 | (2,068,521) | (1,637) |
Net loss | (50,867) | $ 0 | 0 | (50,555) | (312) |
Balance, shares at Sep. 30, 2020 | 5,798,765 | ||||
Balance, amount at Sep. 30, 2020 | (219,740) | $ 5,799 | 1,895,486 | (2,119,076) | (1,949) |
Balance, shares at Jun. 30, 2020 | 5,798,765 | ||||
Balance, amount at Jun. 30, 2020 | (168,873) | $ 5,799 | 1,895,486 | (2,068,521) | (1,637) |
Net loss | (102,698) | ||||
Balance, shares at Mar. 31, 2021 | 5,798,765 | ||||
Balance, amount at Mar. 31, 2021 | (271,571) | $ 5,799 | 1,895,486 | (2,170,907) | (1,949) |
Balance, shares at Sep. 30, 2020 | 5,798,765 | ||||
Balance, amount at Sep. 30, 2020 | (219,740) | $ 5,799 | 1,895,486 | (2,119,076) | (1,949) |
Net loss | (35,731) | $ 0 | 0 | (35,731) | 0 |
Balance, shares at Dec. 31, 2020 | 5,798,765 | ||||
Balance, amount at Dec. 31, 2020 | (255,471) | $ 5,799 | 1,895,486 | (2,154,807) | (1,949) |
Net loss | (16,100) | $ 0 | 0 | (16,100) | 0 |
Balance, shares at Mar. 31, 2021 | 5,798,765 | ||||
Balance, amount at Mar. 31, 2021 | $ (271,571) | $ 5,799 | $ 1,895,486 | $ (2,170,907) | $ (1,949) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (102,698) | $ (275,544) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Consulting expense | 0 | 89,315 |
Gain on modification of debt | 0 | (19,782) |
Bad debt for loan receivable | 0 | 12,000 |
Interest accrued on promissory notes payable | 26,004 | 47,071 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 0 | 188,951 |
Film costs | 0 | 343,235 |
Accounts payable and accrued expenses | 8,185 | 24,467 |
Deferred film revenue | 0 | (354,398) |
Interest paid on promissory notes payable | (6,023) | (5,120) |
Net Cash (used in) provided by Operating Activities | (74,532) | 50,195 |
Cash Flows from Financing Activities: | ||
Borrowing from related party | 66,427 | 500 |
Repayment of note receivable - related party | 20,000 | 0 |
Repayment of note payable | (3,977) | (45,000) |
Net Cash provided by (used in) Financing Activities | 82,450 | (44,500) |
Net Increase in cash and cash equivalents | 7,918 | 5,695 |
Cash and Cash Equivalents, beginning of period | 80,510 | 57,154 |
Cash and Cash Equivalents, end of period | 88,428 | 62,849 |
Supplemental Disclosure Information: | ||
Cash paid for interest | 6,023 | 5,120 |
Cash paid for income taxes | 0 | 0 |
Supplemental Non-cash Disclosure: | ||
Promissory note issued to related party for settlement of loan arrangement | 0 | 50,000 |
Conversion of debt into common stock | $ 0 | $ 15,000 |
ORGANIZATION AND OPERATIONS
ORGANIZATION AND OPERATIONS | 9 Months Ended |
Mar. 31, 2021 | |
ORGANIZATION AND OPERATIONS | |
NOTE 1 - ORGANIZATION AND OPERATIONS |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Mar. 31, 2021 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
FILM COSTS
FILM COSTS | 9 Months Ended |
Mar. 31, 2021 | |
FILM COSTS | |
NOTE 3 - FILM COSTS |
DEFERRED FILM REVENUE
DEFERRED FILM REVENUE | 9 Months Ended |
Mar. 31, 2021 | |
DEFERRED FILM REVENUE | |
NOTE 4 - DEFERRED FILM REVENUE |
PROMISSORY NOTES PAYABLE
PROMISSORY NOTES PAYABLE | 9 Months Ended |
Mar. 31, 2021 | |
PROMISSORY NOTES PAYABLE | |
NOTE 5 - PROMISSORY NOTES PAYABLE |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Mar. 31, 2021 | |
RELATED PARTY TRANSACTIONS | |
NOTE 6 - RELATED PARTY TRANSACTIONS |
SHARE CAPITAL
SHARE CAPITAL | 9 Months Ended |
Mar. 31, 2021 | |
SHARE CAPITAL | |
NOTE 7 - SHARE CAPITAL |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Mar. 31, 2021 | |
COMMITMENTS AND CONTINGENCIES | |
NOTE 8 - COMMITMENTS AND CONTINGENCIES |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Mar. 31, 2021 | |
INCOME TAXES | |
NOTE 9 - INCOME TAXES |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Mar. 31, 2021 | |
SUBSEQUENT EVENTS | |
NOTE 10 - SUBSEQUENT EVENTS |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Mar. 31, 2021 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Consolidation | |
Basis of Presentation | |
Use of Estimates | |
Cash | |
Concentration of Risk | |
Film Costs | |
Fair Value of Financial Instruments | |
Revenue Recognition | |
Loss per Share Calculations | |
Recently Issued Accounting Pronouncements | |
COVID-19 | |
Going Concern |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended |
Mar. 31, 2021 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Schedule of revenue from customers |
FILM COSTS (Tables)
FILM COSTS (Tables) | 9 Months Ended |
Mar. 31, 2021 | |
FILM COSTS | |
Schedule of film costs |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 9 Months Ended |
Mar. 31, 2021 | |
INCOME TAXES | |
Schedule of net loss before provision for income taxes | |
Schedule of Net deferred tax assets |
ORGANIZATION AND OPERATIONS (De
ORGANIZATION AND OPERATIONS (Details Narrative) - USD ($) | Aug. 09, 2017 | Jan. 15, 2016 | Mar. 31, 2021 | Feb. 29, 2016 |
Budget amount | $ 35,000,000 | |||
Common stock, shares authoriziation | 2,500,000 | 5,000,000 | ||
Description of common stock reverse stock split | 1 for 40 | |||
Exchange Agreement [Member] | ||||
Series A convertible preferred stock issued | 1,000,000 | |||
Common stock exchange shares | $ 2,500,000 |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | 9 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
MVE Productions | $ 0 | $ 343,256 |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 9 Months Ended | |
Mar. 31, 2021 | Jun. 30, 2020 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
Net loss from operation | $ (102,698) | |
Working capital deficit | (357,067) | |
FDIC insurance coverage limit | 250,000 | |
Accumulated deficit | $ (2,170,907) | $ (2,068,521) |
FILM COSTS (Details)
FILM COSTS (Details) - USD ($) | Mar. 31, 2021 | Jun. 30, 2020 |
FILM COSTS | ||
Independent Self-Produced Film Costs, Net | $ 85,496 | $ 85,496 |
FILM COSTS (Details Narrative)
FILM COSTS (Details Narrative) - USD ($) | 9 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
FILM COSTS | ||
Capitalized film costs expensed as cost of revenues | $ 343,256 | $ 343,256 |
DEFERRED FILM REVENUE (Details
DEFERRED FILM REVENUE (Details Narrative) - USD ($) | 9 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
DEFERRED FILM REVENUE | ||
Revenues | $ 0 | $ 343,256 |
PROMISSORY NOTES PAYABLE (Detai
PROMISSORY NOTES PAYABLE (Details Narrative) - USD ($) | Feb. 07, 2018 | Feb. 06, 2018 | Jan. 04, 2018 | Oct. 11, 2017 | Sep. 24, 2019 | Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2021 | Mar. 31, 2020 | Jun. 30, 2020 |
Interest payable | $ 116,643 | $ 116,643 | $ 96,662 | ||||||||
Interest expense | 8,524 | $ 13,613 | 26,079 | $ 47,803 | |||||||
Promissory note interest payable | 26,004 | 47,071 | |||||||||
Promissory note payable | 78,820 | 78,820 | 82,797 | ||||||||
Two new lender [Member] | |||||||||||
Interest payable | $ 16,328 | 8,365 | 8,365 | 1,979 | |||||||
Interest expense | 0 | 2,521 | |||||||||
Promissory Note [Member] | |||||||||||
Interest payable | 12,726 | 12,726 | 12,726 | ||||||||
Interest expense | 12,416 | 6,027 | |||||||||
Promissory note | $ 150,000 | ||||||||||
Unpaid principle | $ 4,011 | 5,000 | |||||||||
Promissory note interest payable | $ 15,000 | 6,023 | 6,023 | ||||||||
Repayment of notes payable | $ 150,000 | 100,000 | 50,000 | ||||||||
Recorded interest over term of loan | 15,000 | ||||||||||
Percentage of accrued interest | 10% | 10% | 10% | ||||||||
Promissory note payable | $ 150,000 | $ 100,000 | $ 80,000 | 150,000 | 50,000 | ||||||
Proceeds from issuance of promissory note payable | 150,000 | 100,000 | $ 80,000 | $ 150,000 | 3,977 | 0 | |||||
Promissory Note [Member] | Chief Executive Officer [Member] | |||||||||||
Interest payable | 8,164 | ||||||||||
Promissory note | 50,000 | 50,000 | 50,000 | $ 50,000 | 50,000 | ||||||
October 11, 2017 [Member] | |||||||||||
Interest rate description | Due to change of maturity date of the loan agreement to June 30, 2020, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of change recognized as of gain on modification of debt | ||||||||||
January 4, 2018 [Member] | |||||||||||
Principal note payable | 73,820 | $ 73,820 | 77,797 | ||||||||
Interest rate description | Due to change of maturity date of the loan agreement to June 30, 2020, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of changing recognized as of gain on gain on modification of debt | ||||||||||
February 6, 2018 [Member] | |||||||||||
Interest payable | 0 | ||||||||||
Promissory note | $ 100,000 | ||||||||||
Interest rate description | According to amendment agreement, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of change recognized as of gain on modification of debt | ||||||||||
February 7, 2018 [Member] | |||||||||||
Promissory note | $ 150,000 | ||||||||||
Interest rate description | According to general and mutual release agreement, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of change recognized as of gain on modification of debt | ||||||||||
Settlement Loan Agreement [Member] | |||||||||||
Interest payable | $ 8,164 | 4,837 | $ 4,837 | 4,011 | |||||||
Interest expense | 826 | 722 | |||||||||
Promissory note interest payable | $ 5,000 | 5,000 | |||||||||
Repayment of notes payable | 45,000 | ||||||||||
Percentage of accrued interest | 10% | ||||||||||
Promissory note payable | $ 50,000 | 50,000 | |||||||||
Proceeds from issuance of promissory note payable | $ 50,000 | ||||||||||
Settlement Loan Agreement [Member] | September 24, 2019 [Member] | |||||||||||
Interest payable | 3,767 | $ 3,767 | 3,767 | 3,767 | |||||||
Interest expense | 0 | $ 4,955 | |||||||||
Promissory note | $ 50,000 | $ 50,000 | $ 50,000 | ||||||||
Number of shares issued for conversion of debt | 20,000 | ||||||||||
Value of stock issued for conversion of stock | $ 15,000 | ||||||||||
Amendment Agreement [Member] | Lender [Member] | |||||||||||
Principal note payable | $ 80,000 | ||||||||||
Maturity date | Jun. 30, 2020 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | |||||
Sep. 24, 2019 | Sep. 19, 2017 | Mar. 31, 2021 | Mar. 31, 2020 | Jun. 30, 2020 | Feb. 26, 2018 | Feb. 06, 2018 | |
Kruse Farm [Member] | Notes Payable, Other Payables [Member] | |||||||
Promissory note | $ 350,000 | $ 60,000 | $ 60,000 | ||||
Accured interest | 70,457 | 65,953 | |||||
Interest expense | 4,504 | $ 26,370 | |||||
Percentage of notes payable | 10% | ||||||
Chief Executive Officer [Member] | Promissory Note [Member] | |||||||
Promissory note | $ 50,000 | 50,000 | 50,000 | $ 50,000 | |||
Accured interest | 8,164 | 20,258 | 12,000 | ||||
Interest expense | 8,258 | $ 2,589 | |||||
Proceeds fro issuance of promissory note | $ 50,000 | ||||||
Percentage of promissory note | 10% | ||||||
Note receivable | $ 0 | $ 20,000 | $ 10,000 | ||||
Additional amount | $ 10,000 |
SHARE CAPITAL (Details Narrativ
SHARE CAPITAL (Details Narrative) - USD ($) | 1 Months Ended | ||
Sep. 24, 2019 | Mar. 31, 2021 | Jun. 30, 2020 | |
SHARE CAPITAL | |||
Shares issued price per share (in dollars per share) | $ 0.001 | ||
Common stock share issued | 5,798,765 | 5,798,765 | |
Common stock share outstanding | 5,778,765 | 5,798,765 | |
Common stock share authorized | 25,000,000 | 25,000,000 | |
Common stock par value | $ 0.001 | $ 0.001 | |
Common stock issued for settlement interest payable of notes | $ 15,000 | ||
Common stock issued for settlement interest payable of notes (in shares) | 20,000 |
INCOME TAXES (Details)
INCOME TAXES (Details) - USD ($) | 9 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Federal Income Tax benefits (expenses) attributable to Current Operation | ||
Federal Income Tax benefits (expenses) attributable to Current Operation | $ 17,305 | $ 30,084 |
Less: Valuation Allowance | $ (17,305) | $ (30,084) |
INCOME TAXES (Details 1)
INCOME TAXES (Details 1) - USD ($) | Mar. 31, 2021 | Jun. 30, 2020 |
Deferred tax assets, generated from net operating loss at statutory rates | ||
Deferred tax assets | $ 355,242 | $ 337,957 |
Less: Valuation Allowance | $ (355,262) | $ (337,957) |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended |
Dec. 22, 2017 | Mar. 31, 2021 | |
INCOME TAXES | ||
Net operating loss carry forwards | $ 1,712,019 | |
Federal corporate income tax rate | 34.00% | 21.00% |
NOL expiration description | Net operating losses (the “U.S. NOLs”), which begin to expire beginning in 2037 | |
Statutory federal income tax rate | 21% |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | Jul. 12, 2021 | Mar. 31, 2021 |
Chief Executive Officer [Member] | ||
Cumulative amount, total | $ 31,996 | |
Chief Creative Officer [Member] | Subsequent Event [Member] | ||
Remaining balance payable | $ 15,124 | |
Advances repaid | $ 83,299 |