Xiamen Lutong International Travel Agency (LTGJ) 10-K 3 Mar 17 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Mar. 03, 2017
Document And Entity Information
Entity Registrant Name	HighLight Networks, Inc.
Entity Central Index Key	1,445,175
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		58,167,600
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current Assets:
Cash	$ 0	$ 6,081
Prepaid expenses	0	1,427
Inventory	0	10,948
Total Current Assets	0	18,456
Total Assets	0	18,456
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Accounts payable	0	69,939
Accrued expenses	1,825	27,176
Accounts payable to related parties	0	170,265
Notes payable to related parties	256,132	323,027
Total Liabilities	257,957	590,407
Stockholders' Equity (Deficit):
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares outstanding and outstanding	0	0
Common stock, $0.001 par value; 150,000,000 shares authorized; 58,167,600 and 14,167,600 shares issued and outstanding, respectively	58,168	14,168
Additional paid-in capital	8,542,963	8,698,757
Accumulated deficit	(8,859,088)	(9,284,876)
Total Stockholders' Equity (Deficit)	(257,957)	(571,951)
Total Liabilities and Stockholders' Equity	$ 0	$ 18,456

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Jun. 30, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$ .001	$ .001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ .001	$ .001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	58,167,600	14,167,600
Common stock, shares outstanding	58,167,600	14,167,600

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Revenue:
Income	$ 400	$ 7,303
Cost of goods sold	(10,948)	(2,939)
Gross margin	(10,548)	4,364
Operating Expenses:	476,971	8,288,085
Consulting expense	0	6,249,470
General & administrative expenses	(564,971)	(1,942,615)
Rent expense	88,000	96,000
Total operating expenses	476,971	8,288,085
Income (loss) from operations	466,423	(8,283,821)
Other expense:
Interest expense	(36,569)	(77,191)
Loss on extinguishment of debt	(4,066)	(92,144)
Total other expense	(40,635)	(169,335)
Income (loss) before income taxes	425,788	(8,453,056)
Provision for income taxes
Net income (loss)	$ (425,788)	$ 8,453,056
Basic income (loss) per share	$ 0.04	$ (0.85)
Basic weighted average shares	11,060,751	10,003,107

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Deficit) - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Balance, shares at Jun. 30, 2013	2,894,600
Balance, value at Jun. 30, 2013	$ 2,895	$ 685,373	$ (831,820)	$ (143,552)
Common stock issued for services, shares	11,273,000
Common stock issued for services, value	$ 11,273	7,867,394		7,878,667
Forgiveness of related party debt		145,990		145,990
Debt discount due to beneficial conversion feature		145,990		145,990
Net income			(8,453,056)	$ (8,453,056)
Balance, shares at Jun. 30, 2014	14,167,600			14,167,600
Balance, value at Jun. 30, 2014		8,698,757	(9,284,876)	$ (571,951)
Common stock cancelled, shares	11,000,000
Common stock cancelled, value	$ (11,000)	11,000
Common stock issued for services, shares	55,000,000
Common stock issued for services, value		55,500	245,000	300,000
Reversal of Stock compensation expense		(673,063)		(673,063)
Forgiveness of related party debt		261,269		261,269
Debt discount due to beneficial conversion feature		261,269		261,269
Net income			425,788	$ 425,788
Balance, shares at Jun. 30, 2015	58,167,600			58,167,600
Balance, value at Jun. 30, 2015	$ 58,168	$ 8,542,963	$ (8,859,088)	$ (257,957)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net income (loss)	$ 425,788	$ (8,453,056)
Adjustments to reconcile net loss to net cash used in operating expenses:
Amorization of debt discounts	0	53,846
Cancellation of Stock-based compensation	(673,063)	0
Loss of extinguishment of debt	4,066	92,144
Changes in assets and liabilities:
Accounts receivable		1,182
Inventory	10,948	2,121
Prepaid expenses	(2,639)	628
Accounts payable and accrued expenses	321,349	80,577
Accounts payable to related parties	(170,265)	138,165
Net cash used in operating activities	(83,816)	(205,726)
Cash flows from investing activities	0	0
Cash flows from financing activities:
Proceeds from notes payable to related parties	77,735	202,295
Payments on related party debt borrowings	0	(40,498)
Net cash provided by financing activities	77,735	161,797
Net decrease in cash	(6,081)	43,929
Cash, beginning of year	6,081	50,010
Cash, end of year	0	6,081
Supplemental disclosures of cash flow information:
Interest	$ 0	$ 4,352
Non-cash investing and financing activties:
Common stock issued for conversion of debt	300,000	0

NOTE 1 - ORGANIZATION AND DESCR

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS The Company was formed on June 21, 2007 as a Nevada corporation. The Company has a June 30 year end. On March 11, 2013, EZ Recycling, Inc was formed and incorporated to serve as a wholly owned subsidiary of Highlight Networks, Inc. EZ Recycling is incorporated in the State of Nevada. EZ Recycling was spun off in conjunction with the share purchase agreement referred to in the following paragraph. All inter-company balances and transactions entered into prior to the change in ownership described in the following paragraph were eliminated in consolidation and the financial statements reflect the deconsolidation of the subsidiary as of the change in control date. On June 5, 2015, Legacy International Holdings Group, LLC, and Allied Crown Enterprises Limited, entered into a share purchase agreement (the "SPA") to purchase 98% of the outstanding capital stock of Highlight Networks, Inc., from Infanto Holding Corp. for an aggregate purchase price of $315,000. The purchase represented 98% of Highlight Networks, Inc., or 57,000,000 shares of restricted common stock. The Company has 58,167,600 shares issued and outstanding as of the date of this filing.

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control, and preventing and detecting fraud. Our system of internal accounting control is designed to assure, among other items, that: (1) recorded transactions are valid; (2) valid transactions are recorded; and (3) transactions are recorded in the proper period in a timely manner to produce financial statements that present fairly our financial condition, results of operations, and cash flows for the respective periods being presented. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Concentration of credit risk Financial instruments which potentially subject the Company to concentration of credit risk consist of cash deposits and customer receivables. The Company maintains cash with various major financial institutions. The Company performs periodic evaluations of the relative credit standing of these institutions. To reduce risk, the Company performs credit evaluations of its customers and maintains reserves when necessary for potential credit losses. Cash and cash equivalents We consider all highly liquid securities with original maturities of three months or less when acquired to be cash equivalents. There were no cash equivalents as of June 30 , 2015 and 2014. Revenue recognition The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured. Stock-based Compensation We account for equity-based transactions with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees We account for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, Net Loss per Share Net income (loss) per common share is computed pursuant to section ASC 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There were no potentially dilutive shares as of June 30, 2015. Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally observable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at June 30, 2015 and 2014. The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis as of June 30, 2015 and 2014. Income Taxes We follow ASC 740-10-30, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. We adopted ASC 740-10-25 (“ASC 740-10-25”) with regard to uncertainty income taxes. ASC 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740-10-25, we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740-10-25 also provides guidance on derecognition, classification, interest and penalties on income taxes, and accounting in interim periods and requires increased disclosures. We had no material adjustments to our liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25. Recent Accounting Pronouncements The Company has reviewed all recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

NOTE 3 - INVENTORY

NOTE 3 - INVENTORY	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
NOTE 3 - INVENTORY	NOTE 3 – INVENTORY Inventories are valued at the lower of cost (using average cost) or market. As of June 30, 2014, the company had 6,475 lbs. of scrap metal and used circuit boards in inventory valued at $4,864 and 444 items of EBAY merchandise in inventory valued at $6,084. During the year ended June 30, 2015, management determined that the remaining inventory was impaired and an impairment loss of $10,948 was recognized. The impairment loss is classified as cost of goods sold in the consolidated statements of operations. Inventory consisted of the following finished goods as of June 30: 2015 2014 EBAY merchandise $ - $ 6,084 Scrap metal - 4,864 Total inventor $ - $ 10,948

NOTE 4 - STOCKHOLDERS' EQUITY

NOTE 4 - STOCKHOLDERS' EQUITY	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
NOTE 4 - STOCKHOLDERS' EQUITY	NOTE 4 – STOCKHOLDERS’ EQUITY On October 9, 2014, the Company, Data Capital Corp and Gemini Global Group Corp. mutually agreed to cancel the Engagement Agreement dated November 1, 2013 and the commitment to issue the 3,000,000 unearned shares, along with the 1,000,000 shares previously issued. The 1,000,000 shares of common stock that had vested were returned to the Company and cancelled. The previously recognized stock compensation on the unvested shares of $673,063 was reversed during the year ended June 30, 2015. On November 17, 2014, 10,000,000 shares of common stock previously issued to an officer and Director were returned to the Company and cancelled. The 11,000,000 cancelled shares referred to above were valued at $11,000 based on the Company’s per share par value of $0.001. The par value was used for valuation purposes because the Company’s stock was not trading for significant periods throughout the related cancellation transaction dates. In conjunction with the change of control on June 18, 2015, total related party debt of $261, 269 was forgiven and credited to paid in capital. In conjunction with the change of control on June 18, 2015, $300,000 of related party debt was converted into 55,000,000 shares of common stock.

NOTE 5 - RELATED PARTY TRANSACT

NOTE 5 - RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
NOTE 5 - RELATED PARTY TRANSACTIONS	NOTE 5 - RELATED PARTY TRANSACTIONS From 2013-2015, the Company incurred loans due to related parties, Friction & Heat LLC and Joseph C. Passalaqua. Joseph C. Passalaqua is the sole managing member of Friction & Heat LLC and a former officer of Highlight Networks, Inc. The outstanding related party debt was held in unsecured promissory notes, bearing interest at 10% per annum and matured between on demand and March 31, 2016. As of June 30, 2014, the Company had a total outstanding principal and accrued interest of $323,027 and $22,176, respectively. During the year ended June 30, 2015, an additional $77,735 was borrowed and $34,742 of interest accrued bringing the total related party debt to $457,680. In conjunction with the change of control on June 18, 2015, all principal and accrued interest were exchanged for common stock and a new $256,132 Promissory Note. The new note to Friction & Heat, LLC was executed on June 5, 2015, is unsecured, due on demand and accrues interest at 10% per annum. The remaining related party debt balance of $201,548 was part of the $300,000 related party debt that was converted into 55,000,000 shares of common stock. From 2013-2015, the Company incurred liabilities for unpaid rent at $8,000 monthly to Remix Ventures, LLC, according to a signed rental agreement. Joseph C. Passalaqua the sole managing member of Remix Ventures, LLC and former officer of Highlight Networks, Inc. As of June 18, 2015 and June 30, 2014, the amount due for rent was $216,000 and $32,000, respectively. In conjunction with the change of control on June 18, 2015, the balance due of $216,000 was forgiven and was part of the $261,269 credited to paid in capital. From 2013 -2015, the Company incurred liabilities for the reimbursement of property taxes that were paid by Remix Ventures, LLC, according to a signed rental agreement. Joseph C. Passalaqua is the sole managing member of Remix Ventures, LLC and a former officer of Highlight Networks, Inc. As of June 18, 2015 and June 30, 2014, the amount due in property tax reimbursement to Remix Ventures LLC was $72,282 and $42,165, respectively. In conjunction with the change of control on June 18, 2015, the balance due of $72,282 was a portion of the total related party debt of $300,000 that was converted into 55,000,000 shares of common stock. In 2015, the Company incurred liabilities for bookkeeping, internal accounting, office assistant services and secretarial services that were rendered by Lyboldt-Daly, Inc. As of January 1, 2015, Highlight Networks ceased all payroll activities and does not have employees, therefore reimbursement is owed to Lyboldt-Daly, Inc for use of their employees in rendering these outside services. Joseph C. Passalaqua is the President of Lyboldt-Daly, Inc. and a former officer of Highlight Networks, Inc. As of June 18, 2015, the amount due for outside services to Lyboldt-Daly, Inc. was $26,170. The balance due was forgiven and was part of the $300,000 total related party debt converted into 55,000,000 shares of common stock. In conjunction with the change of control on June 18, 2015, other related party accounts payable totaling $45,269 were forgiven and credited to paid in capital.

NOTE 6 - INCOME TAXES

NOTE 6 - INCOME TAXES	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
NOTE 6 - INCOME TAXES	NOTE 6 – INCOME TAXES The Company had no income tax expense (benefit) for the years ended June 30, 2015 and 2014. At June 30, 2015, the Company’s accumulated net operating loss carry-forwards for federal and state income purposes was approximately $1,119,000. These losses are available for future years and expire through June 2034. Utilization of these losses may be severely or completely limited if the Company undergoes an ownership change pursuant to Internal Revenue Code Section 382. At June 30, 2015 and 2014, the Company had deferred tax assets of approximately $389,200 and $305,200, respectively, principally arising from net operating loss carry forwards for income tax purposes. The Company has determined it more likely than not that these timing differences will not materialize and provided a full valuation allowance against all of the deferred tax assets.

NOTE 7 - GOING CONCERN

NOTE 7 - GOING CONCERN	12 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NOTE 7 - GOING CONCERN	NOTE 7 - GOING CONCERN The accompanying financial statements have been prepared on the basis of accounting principles applicable to a “going concern,” which assume that Highlight Networks, Inc. (hereto referred to as the “Company”) will continue in operation for at least one year and will be able to realize its assets and discharge its liabilities in the normal course of operations. Several conditions and events raise substantial doubt as to the Company’s ability to continue as a “going concern.” The Company has an accumulated deficit of $ 8,859,088 , a working capital deficit and has had limited revenues The Company requires additional financing in order to finance its business activities on an ongoing basis. The Company’s future capital requirements will depend on numerous factors including, but not limited to, continued progress in the pursuit of business opportunities. The Company is actively pursuing alternative financing and has had discussions with various third parties, although no firm commitments have been obtained. In the interim, shareholders of the Company have committed to meeting its minimal operating expenses. Management believes that actions presently being taken to revise the Company’s operating and financial requirements provide them with the opportunity to continue as a “going concern.” These financial statements do not reflect adjustments that would be necessary if the Company were unable to continue as a “going concern.” While management believes that the actions already taken or planned, will mitigate the adverse conditions and events which raise doubt about the validity of the “going concern” assumption used in preparing these financial statements, there can be no assurance that these actions will be successful. If the Company were unable to continue as a “going concern,” then substantial adjustments would be necessary to the carrying values of assets, the reported amounts of its liabilities, the reported revenues and expenses, and the balance sheet classifications used.

NOTE 8 - DECONSOLIDATION

NOTE 8 - DECONSOLIDATION	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 8 - DECONSOLIDATION	NOTE 8 – DECONSOLIDATION Prior to the Company’s change of control referred to in Note 1, the results of operations of the Company’s subsidiary, EZ Recycling, was included in the statement of operations, after giving effect to any necessary eliminating entries for intercompany transactions. Upon the change of control, the subsidiary was spun-off and consolidation ceased. Accordingly, at June 30, 2015 the books of the Company were only comprised of one entity, Highlights Networks, Inc.

NOTE 9 - SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
NOTE 9 - SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855-10, Subsequent Events

NOTE 2 - SUMMARY OF SIGNIFICA16

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presenation	Basis of Presentation The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control, and preventing and detecting fraud. Our system of internal accounting control is designed to assure, among other items, that: (1) recorded transactions are valid; (2) valid transactions are recorded; and (3) transactions are recorded in the proper period in a timely manner to produce financial statements that present fairly our financial condition, results of operations, and cash flows for the respective periods being presented.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Concentration of credit risk	Concentration of credit risk Financial instruments which potentially subject the Company to concentration of credit risk consist of cash deposits and customer receivables. The Company maintains cash with various major financial institutions. The Company performs periodic evaluations of the relative credit standing of these institutions. To reduce risk, the Company performs credit evaluations of its customers and maintains reserves when necessary for potential credit losses.
Cash and cash equivalents	Cash and cash equivalents We consider all highly liquid securities with original maturities of three months or less when acquired to be cash equivalents. There were no cash equivalents as of June 30 , 2015 and 2014.
Revenue recognition	Revenue recognition The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.
Stock-based Compensation	Stock-based Compensation We account for equity-based transactions with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees We account for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation,
Net Loss per Share	Net Loss per Share Net income (loss) per common share is computed pursuant to section ASC 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There were no potentially dilutive shares as of June 30, 2015.
Fair value of financial instruments	Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally observable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at June 30, 2015 and 2014. The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis as of June 30, 2015 and 2014.
Income Taxes	Income Taxes We follow ASC 740-10-30, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. We adopted ASC 740-10-25 (“ASC 740-10-25”) with regard to uncertainty income taxes. ASC 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740-10-25, we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740-10-25 also provides guidance on derecognition, classification, interest and penalties on income taxes, and accounting in interim periods and requires increased disclosures. We had no material adjustments to our liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has reviewed all recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

NOTE 3 - INVENTORY (Tables)

NOTE 3 - INVENTORY (Tables)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Inventory of finished goods	2015 2014 EBAY merchandise $ - $ 6,084 Scrap metal - 4,864 Total inventor $ - $ 10,948

NOTE 1 - ORGANIZATION AND DES18

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 05, 2015
Accounting Policies [Abstract]
Business Acquisition, Date of Agreement	Jun. 5, 2015
Business Acquisition, Capital Stock Acquired		98.00%
Business Acquisition, Value Assigned to Equity Interest		$ 315,000
Business Acquistion, Number of Shares Issued	57,000,000
Shares Issued		58,167,600
Shares Outstanding		58,167,600