Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Sep. 30, 2015 | May. 09, 2016 | |
Document And Entity Information | ||
Entity Registrant Name | GOLDEN GLOBAL CORP. | |
Entity Central Index Key | 1,502,555 | |
Document Type | 10-Q | |
Trading Symbol | GLDG | |
Document Period End Date | Sep. 30, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
Entity a Well-known Seasoned Issuer | No | |
Entity a Voluntary Filer | No | |
Entity's Reporting Status Current | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 2,538,158,724 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,015 |
Condensed Interim Consolidated
Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD | Sep. 30, 2015 | Jun. 30, 2015 |
Current | ||
Cash and cash equivalents | CAD 6,009 | CAD 7,131 |
Prepaid and retainer | 10,000 | 10,000 |
Sales tax and other receivable | 2,787 | 2,787 |
Total current assets | 18,796 | 19,918 |
Property and equipment | ||
Property and Equipment (Note 3) | 80,394 | 86,033 |
Mineral properties, unproven (Note 4) | 20,012 | 20,012 |
Total property and equipment | 100,406 | 106,045 |
Total Assets | 119,202 | 125,963 |
Current | ||
Accounts payable and accrued liabilities | 166,630 | 132,942 |
Due to related parties (Note 5) | 189,702 | 215,891 |
Note payable (Note 6) | 151,271 | 146,734 |
Fair value of embedded derivative (Note 7) | 3,722,577 | 1,089,160 |
Shares to be issued (Note 9) | 6,874 | 6,000 |
Dividend payable | 32,500 | 30,759 |
Total Liabilities | 4,269,554 | 1,621,486 |
STOCKHOLDERS' DEFICIT | ||
Capital Stock (Note 8) Authorized: 4,500,000,000 (June 30, 2015 - 4,500,000,000) with a par value of $0.0001 Outstanding but not issued 425,124,057 common stock (Jun 30,2015 - 43,653,453) (Note 8) | 42,513 | 4,366 |
Additional paid in capital | 1,390,276 | 1,329,417 |
Deficit accumulated during the exploration stage | (5,522,630) | CAD (2,905,270) |
Accumulated other comprehensive loss | (136,475) | |
Stockholders' deficit before non-controlling interest | (4,226,316) | CAD (1,571,487) |
Equity attributable to noncontrolling interest | 75,964 | 75,964 |
Total Stockholders' Deficit | (4,150,352) | (1,495,523) |
Total Liabilities and Stockholders' Deficit | CAD 119,202 | CAD 125,963 |
Condensed Interim Consolidated3
Condensed Interim Consolidated Balance Sheets (Parenthetical) - CAD / shares | Sep. 30, 2015 | Jun. 30, 2015 |
Statement of Financial Position [Abstract] | ||
Capital Stock, authorized | 4,500,000,000 | 4,500,000,000 |
Capital Stock, par value (in dollars per share) | CAD 0.0001 | CAD 0.0001 |
Capital Stock, outstanding | 425,124,057 | 43,653,453 |
Condensed Interim Consolidated4
Condensed Interim Consolidated Statements of Operations and Comprehensive Income (Unaudited) - CAD | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Expenses | ||
Consulting fees | CAD 58,892 | CAD 32,676 |
Depreciation | 5,639 | 13,117 |
Professional fees | 11,623 | 7,844 |
Office and general | CAD 23,663 | 26,897 |
Travel expenses | 800 | |
Total expenses | CAD (99,817) | (265,258) |
Other items | ||
Loss on change in fair value of embedded derivative | (2,522,779) | (935,500) |
Foreign exchange gain / (loss) | 6,977 | (47,425) |
Net loss for the period | (2,615,619) | (1,248,183) |
Preferred shares dividend | (1,741) | (1,722) |
Net loss attributed to common stockholders | (2,617,360) | CAD (1,249,905) |
Foreign currency translation adjustment | (136,475) | |
Comprehensive loss for the period | CAD (2,752,094) | CAD (1,248,183) |
Basic and diluted income (loss) per share (in dollars per share) | CAD (0.028) | CAD (0.361) |
Weighted average number of shares outstanding (in shares) | 92,174,081 | 3,460,815 |
Condensed Interim Consolidated5
Condensed Interim Consolidated Statements of Stockholders' Equity (Unaudited) - CAD | Common Stock [Member] | Additional Paid-In Capital [Member] | Deficit Accumulated During the Exploration Stage [Member] | Accumulated Other Comprehensive Loss [Member] | Equity attributable to Golden Global Corp Shareholders [Member] | Equity attributable to noncontrolling interests [Member] | Total |
Balance, at beginning at Jun. 30, 2014 | CAD 144 | CAD 762,990 | CAD (1,570,434) | CAD (807,300) | CAD 75,964 | CAD (731,336) | |
Balance, at beginning (in shares) at Jun. 30, 2014 | 1,440,654 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Issuance of common shares, consulting services | CAD 2,049 | 471,696 | 473,745 | 473,745 | |||
Issuance of common shares, consulting services (in shares) | 20,486,364 | ||||||
Issuance of common shares, note conversion | CAD 2,173 | CAD 94,731 | 96,904 | 96,904 | |||
Issuance of common shares, note conversion (in shares) | 21,726,435 | ||||||
Dividend | CAD (6,888) | (6,888) | (6,888) | ||||
Net loss and comprehensive loss | (1,327,948) | (1,327,948) | (1,327,948) | ||||
Balance, at end at Jun. 30, 2015 | CAD 4,366 | CAD 1,329,417 | CAD (2,905,270) | (1,571,487) | CAD 75,964 | CAD (1,495,523) | |
Balance, at end (in shares) at Jun. 30, 2015 | 43,653,453 | 43,653,453 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Issuance of common shares, consulting services | CAD 30,000 | 48,522 | 78,522 | CAD 78,522 | |||
Issuance of common shares, consulting services (in shares) | 300,000,000 | ||||||
Issuance of common shares, note conversion | CAD 8,147 | CAD 12,337 | 20,484 | 20,484 | |||
Issuance of common shares, note conversion (in shares) | 81,470,604 | ||||||
Dividend | CAD (1,741) | (1,741) | (1,741) | ||||
Net loss and comprehensive loss | (2,615,619) | CAD (136,475) | (2,752,094) | (2,615,619) | |||
Balance, at end at Sep. 30, 2015 | CAD 42,513 | CAD 1,390,306 | CAD (5,522,630) | CAD (136,475) | CAD (4,226,316) | CAD 75,964 | CAD (4,150,352) |
Balance, at end (in shares) at Sep. 30, 2015 | 425,124,057 | 425,124,057 |
Condensed Interim Consolidated6
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Operating activities | ||
Net loss for period | CAD (2,615,619) | CAD (1,248,183) |
Non-cash payment for consulting expenses | 19,631 | 161,055 |
Depreciation | 5,639 | 13,117 |
Gain / (Loss) on change in fair value of embedded derivative | 2,522,779 | 935,500 |
Foreign exchange adjustment | CAD (6,977) | 47,425 |
Loan penalties | 39,525 | |
Changes in non-cash working capital balances | ||
Accounts payable and accrued liabilities | CAD 33,688 | 28,320 |
Due to related parties | 32,702 | 19,163 |
Note payable | 4,537 | CAD 7,595 |
Dividend payable | 1,741 | |
Net cash used in operating activities | (1,122) | CAD (24,067) |
Increase (decrease) in cash and cash equivalents during the period | (1,122) | (24,067) |
Cash and cash equivalents, beginning of the year | 7,131 | 43,006 |
Cash and cash equivalents, end of the year | CAD 6,009 | CAD 18,939 |
Supplemental cash flow information | ||
Income taxes paid | ||
Interest paid |
Nature and Continuance of Opera
Nature and Continuance of Operations | 3 Months Ended |
Sep. 30, 2015 | |
Nature And Continuance Of Operations | |
Nature and Continuance of Operations | Note 1 Nature and Continuance of Operations Golden Global Corp. ("the Company"), incorporated in the State of Nevada, USA on December 10, 2009, and its wholly-owned subsidiary are engaged in the acquisition, exploration and development of precious metal properties. The Companys wholly owned subsidiary is Golden Global Mining Corporation which was incorporated in the Province of Alberta, Canada on January 10, 2010. The Company is an exploration stage company in the process of exploring its mineral properties in British Columbia, Canada, and has not yet determined whether these properties contain reserves that are economically recoverable. These condensed interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realizable values of assets and liabilities may be substantially different from the carrying values shown in these condensed interim consolidated financial statements. These condensed interim consolidated financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At September 30, 2015, the Company had not yet achieved profitable operations and has accumulated losses of $5,522,630 since its inception. The Company expects to incur further losses in the development of its business, all of which casts substantial doubt about the Companys ability to continue as a going concern. The Companys ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management anticipates that additional funding will be in the form of equity financing from the sale of common stock. Management may also seek to obtain short-term loans from the directors of the Company. There are no current arrangements in place for equity funding or short-term loans. The unaudited condensed interim consolidated financial statements included herein have been prepared by Company pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information. All such adjustments are of a normal recurring nature. Although the Company believes that the disclosures are adequate to make the information presented not misleading, certain information and footnote disclosures, including a description of significant accounting policies normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP), have been condensed or omitted pursuant to such rules and regulations. These condensed interim consolidated financial statements should be read in conjunction with the financial statements and the notes thereto included in the Companys Annual Report on Form 10-K for the year ended June 30, 2015 filed with the SEC. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Sep. 30, 2015 | |
Summary Of Significant Accounting Policies | |
Summary of Significant Accounting Policies | Note 2 Summary of Significant Accounting Policies This summary of significant accounting policies is presented to assist in understanding the unaudited condensed interim consolidated financial statements. The financial statements and notes are the representations of the Companys management, who is responsible for their integrity and objectivity. These consolidated financial statements have been prepared in accordance with the instructions to form 10-Q, and therefore, do not included all the information necessary for a fair presentation of financial position, results of operations and cash flows in conformity with generally accepted accounting principles. Basis of Presentation The Companys condensed interim consolidated financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. These interim consolidated financial statements include the Companys subsidiary, Golden Global Mining Corporation, and 100 percent of its assets, liabilities and net income or loss. All inter-company accounts and transactions have been eliminated. While the information presented in the accompanying condensed interim three month consolidated financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operation and cash flows for the interim periods presented. All adjustments are of a normal recurring nature. Operating results for the period ended September 30, 2015 are not necessarily indicative of the results that can be expected for the year ended June 30, 2016. Functional Currency change As a result of recent operational development, the Company has changed its functional currency to US Dollars (US$) effective on July 1, 2015. The functional currency of the Companys subsidiaries remains in Canadian dollars (C$). The Company maintains its financial statements in Canadian dollars (C$). All assets and liabilities of the Company are translated into Canadian dollars at the exchange rate prevailing at the balance sheet date. Revenue and expenses are translated at the weighted average exchange rates during the reporting period. The resulting translation adjustments are included in accumulated other comprehensive income. Gains or losses resulting from transactions denominated in foreign currencies are included in net loss on the statement of operations as incurred. Exchange gains or losses arising from foreign currency transactions are included in the determination of other comprehensive income for the respective periods. |
Property and Equipment
Property and Equipment | 3 Months Ended |
Sep. 30, 2015 | |
Property And Equipment | |
Property and Equipment | Note 3 Property and Equipment As at September 30, 2015 Cost Accumulated Net Book Furniture and fixtures $ 2,345 $ 2,109 $ 236 Mining equipment 258,938 179,101 79,837 Computers 1,464 1,143 321 $ 262,747 $ 182,353 $ 80,394 As at June 30, 2015 Cost Accumulated Net Book Furniture and fixtures $ 2,345 $ 1,991 $ 354 Mining equipment 258,938 173,600 85,338 Computers 1,464 1,123 341 $ 262,747 $ 176,714 $ 86,033 |
Mineral Properties
Mineral Properties | 3 Months Ended |
Sep. 30, 2015 | |
Mineral Properties | |
Mineral Properties | Note 4 Mineral Properties During the period ended September 30, 2015, the Company did not make any payment in relations to mineral claims (2014 - $Nil). |
Due to Related Parties
Due to Related Parties | 3 Months Ended |
Sep. 30, 2015 | |
Due To Related Parties | |
Due to Related Parties | Note 5 Due to Related Parties During the quarter ended September 30, 2015, the Company issued 300,000,000 common shares for settlement of $78,522 (US$60,000) consulting fees and payable to related parties. During the quarter ended September 30, 2015, the Company incurred $58,892 (US$45,000) in consulting fees to related parties. During the quarter ended September 30, 2014, the Company issued 1,686,364 common shares for settlement of $164,366 (US$154,000) previously accrued consulting fees. Additionally, the Company incurred $32,676 (US$30,000) in consulting fees to related parties. As of September 30, 2015, there was a balance of $189,702 payable to related parties (June 30, 2015 - $215,891). Amounts due to related parties are non-interest bearing, unsecured and due on demand. |
Note payable
Note payable | 3 Months Ended |
Sep. 30, 2015 | |
Note Payable | |
Note payable | Note 6 Note payable On September 6, 2013, the Company entered into a loan agreement for $30,000 using equipment as collateral. The loan bears interest at an annual rate of 30% and had an original maturity date of February 9, 2014. The principal of the loan can be paid off at anytime during the period of the loan at the election of the Company with interest bearing in full for the 5 month term of the loan. In the event the loan is not paid by the maturity date, the collateral assets will become the property for the loaner and no interest is due. Upon further negotiations, the maturity date of the loan was extended to April 30, 2014. At June 30, 2014 this loan had been settled and the accrued interest of $3,750 has been included as part of the new loan agreement entered into on April 28, 2014. On April 28, 2014, the Company entered into a loan agreement for $150,000 with $100,000 to be used towards the purchase of equipment and the balance towards operations. The loan bears interest at an annual rate of 12% and matures on November 30, 2014. The terms of repayments are as follows: a) 10% of the gold recovered from the operation up to a value of $1,500 per month will be applied towards interest and the remaining towards the principal. b) The Company issued 30,000 restricted common shares on May 1, 2014 to the lender which became free trading on November 1, 2014. As the shares at the time of becoming free trading are not $0.06 or greater, the repayment process will be as followed: · Proceeds from mining operations. · If the proceeds from the mining operations are not sufficient then repayment will come from the proceeds from the issuance of free trading shares to raise capital. · Proceeds from additional financing. c) If the above repayment process cannot be followed equipment will be used to fulfill the repayment obligation. During the quarter ended September 30, 2015, the Company incurred interest of $4,537 for the note and interest payable of $25,595 as of September 30, 2015 (June 30, 2015 - $21,058). Subsequent to the quarter ended September 30, 2015, due to the Companys inability to repay the loan, the collateral has been foreclosed by the lender and the assets are no longer owned by the Company (Note 10). |
Convertible Promissory Notes
Convertible Promissory Notes | 3 Months Ended |
Sep. 30, 2015 | |
Convertible Promissory Notes | |
Convertible Promissory Notes | Note 7 Convertible Promissory Notes On February 6, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$16,500 (C$18,259). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of November 10, 2014. The principal amount of the Note together with interest may be converted into shares of common stock, par value of $0.0001 at the option of the lender at a conversion price equal to thirty five percent at the market price, calculated as the average of the lowest three trading prices during the 10 trading days prior to the conversion. As the note was not repaid on November 10, 2014, a penalty of US$5,473 (C$6,211) has been added to the principal balance of the note. As of September 30, 2015, conversions totaling US$21,113 (C$25,707) have been recorded and 26,828,386 shares of the Companys common stock have been issued as a result of the conversion. On April 7, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$32,500 (C$35,656). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full and interest on the maturity date of January 9, 2015. The principal amount of the note together with interest may be converted into shares of common stock, at the par value of $0.0001 at the option of the lender at a conversion price equal to forty one percent at the market price, which is the average of the lowest three trading prices during the 10 days prior to the conversion. The note has matured unpaid. As a result, a penalty of US$16,250 (C$18,445) has been added to the principal balance of the note. On April 9, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$42,000 (C$45,793). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of April 9, 2015. The principal amount of the note together with interest may be converted into shares of common stock, at the par value of $0.00001 at the option of the lender at a conversion price equal to fifty percent of the lowest closing price bid during the 18 days prior to the conversion. As the note was not repaid on April 9, 2015, a penalty of US$4,240 (C$5,334) has been added to the principal balance of the note. As of September 30, 2015, conversions totaling US$11,712 (C$14,156) have been recorded and 35,627,097 shares of the Companys common stock have been issued as a result of the conversion. On May 27, 2014, the Company entered into a securities purchase agreement to issue two unsecured convertible promissory notes with a principal amount of US$25,000 (C$27,173) each. These promissory notes bear interest at an annual rate of 8% which is to be paid with principal and interest on the maturity date of May 27, 2015. The principal amount of the note together with interest may be converted into shares of common stock, at the par value of $0.00001 at the option of the lender at a conversion price equal to fifty percent of the lowest closing price bid during the 18 days prior to the conversion. As of September 30, 2015, conversions totaling US$2,423 (C$3,114) have been recorded and 5,246,000 shares of the Companys common stock have been issued as a result of the conversion. On August 1, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$147,500 (C$161,055). This promissory note represents consulting fees paid for investor relation services up to July 31, 2014 and has been recorded as consulting expense. This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full and interest on the maturity date of August 1, 2015. The principal amount of the note together with interest may be converted into shares of common stock at the lower of (i) fifty percent of the lowest market price during the 20 days prior to the conversion or (ii) US$0.00005 per share if the stock trades below US$0.001. On August 20, 2015, a principal amount of $25,000 was transferred to another holder (See August 20, 2015 note). As of September 30, 2015, conversions totaling US$3,175 (C$3,874) have been recorded and 2,334,375 shares of the Companys common stock have been issued as a result of the conversion. On November 18, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$18,000 (C$20,362). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of November 18, 2015. The principal amount of the note together with interest may be converted into shares of common stock, at the par value of $0.001 at the option of the lender. On February 20, 2015, the Company issued a convertible debenture for the gross proceed of US$25,000 (C$31,265). The debenture matures on February 20, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of US$37,500 with 8% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of common stock at the lower of (i) fifty percent of the lowest market price during the 20 days prior to the conversion or (ii) US$0.00005 per share if the stock trades below US$0.001. On March 16, 2015, the Company issued a convertible debenture for the gross proceed of US$15,000 (C$19,157). The debenture matures on March 16, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of US$22,500 with 8% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of common stock at the lower of (i) fifty percent of the lowest market price during the 20 days prior to the conversion or (ii) US$0.00005 per share if the stock trades below US$0.001. On May 28, 2015, the Company issued a convertible debenture for the gross proceed of US$25,000 (C$31,193). The debenture matures on May 28, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of US$25,000 with 5% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of common stock equal to fifty percent of the lowest closing price during the 15 days prior to the conversion. As of September 30, 2015, conversions totaling US$6,750 (C$8,504) have been recorded and 14,461,538 shares of the Companys common stock have been issued as a result of the conversion. On August 20, 2015, the Company issued a convertible debenture of US$25,000 (C$32,700) as a result of a partial transfer of the August 1, 2014 note to a new holder. The debenture matures on August 20, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of US$25,000 with 8% annual interest upon maturity. The principal amount of the note together with interest may be converted into shares of common stock at the lower of (i) fifty percent of the lowest market price during the 20 days prior to the conversion or (ii) US$0.00005 per share if the stock trades below US$0.001. As of September 30, 2015, conversions totaling US$432 (C$568) have been recorded and 8,635,000 shares of the Companys common stock have been issued as a result of the conversion. The above notes include certain embedded features related to the embedded conversion option being exercisable into a variable number of shares and the strike price being dominated in a currency other than the Companys functional currency. These features qualify as derivatives and are bundled as a compound embedded derivative that is measured at fair value. The fair value of the derivatives as at September 30, 2015 was $3,722,577 (June 30, 2015 - $1,089,160). As the fair value of the embedded conversion features exceeded the principle value of the promissory notes, the entire amount of the debt has been classified as an embedded derivative on the consolidated balance sheet. To calculate the fair value of the embedded derivative the following assumptions were made using the Black-Scholes pricing model: 2015 2014 Risk-free interest rate 0.33 % 0.49 % Expected life 1-2 years 1-2 years Share price 0.0004 $ 0.003 Volatility 533 % 519 % Forfeiture rate 0 % 0 % As at September 30, 2015, accrued interest recorded in accounts payable and accrued liabilities relating to the convertible promissory notes totaled $42,092 (June 30, 2015 - $31,174). |
Capital Stock
Capital Stock | 3 Months Ended |
Sep. 30, 2015 | |
Capital Stock | |
Capital Stock | Note 8 - Capital Stock During the quarter ended September 30, 2014, the Company issued 2,506,109 common stocks as a result of the conversion of US$45,065 of unsecured promissory notes dated May 2, 2012, November 2, 2012, and October 25, 2013. During the same quarter, the Company issued 1,686,364 common shares for $164,366 (US$154,000) previously accrued consulting fee payable to related parties. Of the share issued, 1,050,000 were issued at US$0.08 per common share and 636,364 were issued at US$0.11 per common share. On December 8, 2014, the Company issued 6,150,000 common shares in lieu of payment for consulting fee of $70,553 (US$61,500) payable to related parties at US$0.01 per common share. At the time of issuance, the Companys share was traded at US$0.03. As a result, an additional $141,106 (US$123,000) has been recorded as stock-based compensation. On December 8, 2014, the Company issued 150,000 common shares in lieu of payment for investor relations and marketing services of US$4,500 (C$5,162) at US$0.03 per common share. On December 10, 2014, the Companys shareholders issue a written consent to approve, effective on December 10, 2014, the reverse split of the Companys common stock on a ratio of 1 new share for each 100 old shares. Subsequent to the reverse split, the Company had 14,873,382 common shares outstanding on December 10, 2014. During the quarter ended December 31, 2014, the Company issued 2,940,255 common stocks as a result of the conversion of US$45,065 of unsecured promissory notes dated October 25, 2013, February 6, 2014, and April 9, 2014. On April 21, 2015, the Company issued 12,500,000 common shares in lieu of payment for consulting fee of US$50,000 (C$61,405) payable to related parties at US$0.004 (C$0.005) per common share. During the quarter ended June 30, 2015, the Company issued 16,280,071 common stocks as a result of the conversion of US$20,685 (C$25,434) of unsecured promissory notes dated February 6, 2014, and April 9, 2014, August 1, 2014, and May 28, 2015. On September 30, 2015, the Company issued 300,000,000 common shares in lieu of payment for consulting fee of US$60,000 (C$78,522) payable to related parties at US$0.0002 (C$0.0002) per common share. During the quarter ended September 30, 2015, the Company issued 81,470,604 common stocks as a result of the conversion of US$15,652 (C$20,484) of unsecured promissory notes dated February 6, 2014, April 9, 2014, May 27, 2014, May 28, 2015, and August 20, 2015. As of September 30, 2015, there are no share options or warrants outstanding. |
Shares to be Issued
Shares to be Issued | 3 Months Ended |
Sep. 30, 2015 | |
Shares To Be Issued | |
Shares to be Issued | Note 9 Shares to be Issued For consideration of ongoing investor relations and marketing service the Company has agreed to issue shares in lieu for services. The Company has agreed that this vendor will remain the owners of at least 3% of the Companys outstanding common shares as at June 5, 2015 and June 5, 2016. At September 30,, 2015, the Company has recorded shares to be issued of US$4,500 (C$6,000), which represents 1,471,812 shares. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Sep. 30, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 10 Subsequent Events On October 7, 2015, title to the Companys placer gold claims at its McDame property were transferred to the note payable holder (Note 6.) The collateral has been foreclosed by the Lender and the assets are no longer owned by the Company. On October 30, 2015, the Company entered into an Acquisition Agreement (Agreement) wherein the Company will acquire 100% of the issued and outstanding units of Corpaycar, LLC, the maker of the Combo Hitter, from the existing unitholders of Corpaycar. The acquisition agreement was subsequently cancelled during April, 2016. No considerations were exchanged in relations to the agreement. |
Summary of Significant Accoun17
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Summary Of Significant Accounting Policies Policies | |
Basis of Presentation | Basis of Presentation The Companys condensed interim consolidated financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. These interim consolidated financial statements include the Companys subsidiary, Golden Global Mining Corporation, and 100 percent of its assets, liabilities and net income or loss. All inter-company accounts and transactions have been eliminated. While the information presented in the accompanying condensed interim three month consolidated financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operation and cash flows for the interim periods presented. All adjustments are of a normal recurring nature. Operating results for the period ended September 30, 2015 are not necessarily indicative of the results that can be expected for the year ended June 30, 2016. |
Functional Currency | Functional Currency change As a result of recent operational development, the Company has changed its functional currency to US Dollars (US$) effective on July 1, 2015. The functional currency of the Companys subsidiaries remains in Canadian dollars (C$). The Company maintains its financial statements in Canadian dollars (C$). All assets and liabilities of the Company are translated into Canadian dollars at the exchange rate prevailing at the balance sheet date. Revenue and expenses are translated at the weighted average exchange rates during the reporting period. The resulting translation adjustments are included in accumulated other comprehensive income. Gains or losses resulting from transactions denominated in foreign currencies are included in net loss on the statement of operations as incurred. Exchange gains or losses arising from foreign currency transactions are included in the determination of other comprehensive income for the respective periods. |
Property and Equipment (Tables)
Property and Equipment (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Property And Equipment Tables | |
Schedule of property and equipment | As at September 30, 2015 Cost Accumulated Net Book Furniture and fixtures $ 2,345 $ 2,109 $ 236 Mining equipment 258,938 179,101 79,837 Computers 1,464 1,143 321 $ 262,747 $ 182,353 $ 80,394 As at June 30, 2015 Cost Accumulated Net Book Furniture and fixtures $ 2,345 $ 1,991 $ 354 Mining equipment 258,938 173,600 85,338 Computers 1,464 1,123 341 $ 262,747 $ 176,714 $ 86,033 |
Convertible Promissory Notes (T
Convertible Promissory Notes (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Convertible Promissory Notes Tables | |
Schedule of fair value of the embedded derivative using the Black-Scholes pricing model | To calculate the fair value of the embedded derivative the following assumptions were made using the Black-Scholes pricing model: 2015 2014 Risk-free interest rate 0.33 % 0.49 % Expected life 1-2 years 1-2 years Share price 0.0004 $ 0.003 Volatility 533 % 519 % Forfeiture rate 0 % 0 % |
Nature and Continuance of Ope20
Nature and Continuance of Operations (Details Narrative) - CAD | Sep. 30, 2015 | Jun. 30, 2015 |
Nature And Continuance Of Operations Details Narrative | ||
Accumulated losses | CAD (5,522,630) | CAD (2,905,270) |
Property and Equipment (Details
Property and Equipment (Details) - CAD | Sep. 30, 2015 | Jun. 30, 2015 |
Cost | CAD 80,394 | CAD 86,033 |
Accumulated Depreciation | 182,353 | 176,714 |
Net Book Value | 100,406 | 106,045 |
Furniture and Fixtures [Member] | ||
Cost | 2,345 | 2,345 |
Accumulated Depreciation | 2,109 | 1,991 |
Net Book Value | 236 | 354 |
Mining Equipment [Member] | ||
Cost | 258,938 | 258,938 |
Accumulated Depreciation | 179,101 | 173,600 |
Net Book Value | 79,837 | 85,338 |
Computers [Member] | ||
Cost | 1,464 | 1,464 |
Accumulated Depreciation | 1,143 | 1,123 |
Net Book Value | CAD 321 | CAD 341 |
Mineral Properties (Details Nar
Mineral Properties (Details Narrative) - CAD | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Mineral Properties Details Narrative | ||
Mineral claims | CAD 0 | CAD 0 |
Due to Related Parties (Details
Due to Related Parties (Details Narrative) | Apr. 21, 2015USD ($)shares | Apr. 21, 2015CADshares | Dec. 08, 2014USD ($)shares | Dec. 08, 2014CADshares | Sep. 30, 2015USD ($)shares | Sep. 30, 2015CADshares | Jun. 30, 2015USD ($)shares | Jun. 30, 2015CADshares | Dec. 31, 2014USD ($)shares | Sep. 30, 2014USD ($)shares | Sep. 30, 2014CADshares |
Due to related parties | CAD 189,702 | CAD 215,891 | |||||||||
Number of shares issued | shares | 12,500,000 | 12,500,000 | 6,150,000 | 6,150,000 | 300,000,000 | 300,000,000 | 16,280,071 | 16,280,071 | 2,940,255 | 1,686,364 | 1,686,364 |
Number of shares issued, value | CAD 61,405 | CAD 70,553 | CAD 78,522 | CAD 25,434 | CAD 164,366 | ||||||
Consulting fees | CAD 58,892 | CAD 32,676 | |||||||||
USD | |||||||||||
Number of shares issued, value | $ | $ 50,000 | $ 61,500 | $ 60,000 | $ 20,685 | $ 45,065 | $ 154,000 | |||||
Consulting fees | $ | $ 45,000 | $ 30,000 |
Note payable (Details Narrative
Note payable (Details Narrative) - CAD | Apr. 21, 2015 | Dec. 08, 2014 | May. 01, 2014 | Apr. 28, 2014 | Sep. 06, 2013 | Sep. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 |
Number of shares issued | 12,500,000 | 6,150,000 | 300,000,000 | 16,280,071 | 2,940,255 | 1,686,364 | |||
Share price (in dollars per share) | CAD 0.005 | CAD 0.011 | CAD 0.0002 | CAD 0.08 | |||||
Interest incurred | CAD 4,537 | ||||||||
Interest payable | CAD 25,595 | CAD 21,058 | |||||||
Loan Agreement [Member] | 30% Notes Payable Due On February 9, 2014 [Member] | |||||||||
Principal amount | CAD 30,000 | ||||||||
Description of collateral | Loan using all equipment as collateral. | ||||||||
Period of term loan | 5 months | ||||||||
Extended maturity date | Apr. 30, 2014 | ||||||||
Accrued interest | CAD 3,750 | ||||||||
New Loan Agreement [Member] | 12% Notes Payable Due On November 30, 2014 [Member] | |||||||||
Principal amount | CAD 150,000 | ||||||||
Purchase of equipment | 100,000 | ||||||||
Periodic interest payment | CAD 1,500 | ||||||||
Frequency of periodic payment | Monthly | ||||||||
Number of shares issued | 30,000 | ||||||||
Share price (in dollars per share) | CAD 0.06 |
Convertible Promissory Notes (D
Convertible Promissory Notes (Details) - CAD / shares | 3 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2015 | |
Risk-free interest rate | 0.33% | 0.49% | |
Share price | CAD 0.003 | CAD 0.0004 | |
Volatility | 533.00% | 519.00% | |
Forfeiture rate | 0.00% | 0.00% | |
Minimum [Member] | |||
Expected life | 1 year | 1 year | |
Maximum [Member] | |||
Expected life | 2 years | 2 years |
Convertible Promissory Notes 26
Convertible Promissory Notes (Details Narrative) | Apr. 09, 2014USD ($)Number | Apr. 09, 2014CADNumber | Apr. 07, 2014USD ($)Number | Apr. 07, 2014CADNumber | Feb. 06, 2014USD ($)Number | Feb. 06, 2014CADNumber | Sep. 30, 2015USD ($)shares | Sep. 30, 2015CADCAD / shares | Jun. 30, 2015CAD / shares | Apr. 09, 2014CADCAD / shares | Apr. 07, 2014CADCAD / shares | Feb. 06, 2014CADCAD / shares |
Common stock, par value (in dollars per share) | CAD / shares | CAD 0.0001 | CAD 0.0001 | ||||||||||
8% Unsecured Convertible Promissory Notes Due on November 10, 2014 [Member] | Securities Purchase Agreement [Member] | ||||||||||||
Principal amount | CAD | CAD 18,259 | |||||||||||
Common stock, par value (in dollars per share) | CAD / shares | CAD 0.0001 | |||||||||||
Threshold percentage of stock price trigger | 35.00% | 35.00% | ||||||||||
Threshold trading days | Number | 10 | 10 | ||||||||||
Penalty on debt | CAD | CAD 6,211 | |||||||||||
Conversions totaling | CAD | CAD 25,707 | |||||||||||
Number of shares issued as a result of the conversion | shares | 26,828,386 | |||||||||||
8% Unsecured Convertible Promissory Notes Due on November 10, 2014 [Member] | Securities Purchase Agreement [Member] | USD | ||||||||||||
Principal amount | $ | $ 16,500 | |||||||||||
Penalty on debt | $ | $ 5,473 | |||||||||||
Conversions totaling | $ | $ 21,113 | |||||||||||
8% Unsecured Convertible Promissory Notes Due on January 9, 2015 [Member] | Securities Purchase Agreement [Member] | ||||||||||||
Principal amount | CAD | CAD 35,656 | |||||||||||
Common stock, par value (in dollars per share) | CAD / shares | CAD 0.0001 | |||||||||||
Threshold percentage of stock price trigger | 41.00% | 41.00% | ||||||||||
Threshold trading days | Number | 10 | 10 | ||||||||||
Penalty on debt | CAD | CAD 18,445 | |||||||||||
8% Unsecured Convertible Promissory Notes Due on January 9, 2015 [Member] | Securities Purchase Agreement [Member] | USD | ||||||||||||
Principal amount | $ | $ 32,500 | |||||||||||
Penalty on debt | $ | $ 16,250 | |||||||||||
8% Unsecured Convertible Promissory Notes Due on April 9, 2015 [Member] | Securities Purchase Agreement [Member] | ||||||||||||
Principal amount | CAD | CAD 45,793 | |||||||||||
Common stock, par value (in dollars per share) | CAD / shares | CAD 0.00001 | |||||||||||
Threshold percentage of stock price trigger | 50.00% | 50.00% | ||||||||||
Threshold trading days | Number | 18 | 18 | ||||||||||
Penalty on debt | CAD | CAD 5,334 | |||||||||||
Conversions totaling | CAD | CAD 14,156 | |||||||||||
Number of shares issued as a result of the conversion | shares | 35,627,097 | |||||||||||
8% Unsecured Convertible Promissory Notes Due on April 9, 2015 [Member] | Securities Purchase Agreement [Member] | USD | ||||||||||||
Principal amount | $ | $ 42,000 | |||||||||||
Penalty on debt | $ | $ 4,240 | |||||||||||
Conversions totaling | $ | $ 11,712 |
Convertible Promissory Notes 27
Convertible Promissory Notes (Details Narrative 1) | Aug. 20, 2015USD ($)Number | May. 28, 2015USD ($)Number | Mar. 16, 2015USD ($) | Feb. 20, 2015USD ($) | Aug. 01, 2014USD ($)Number | May. 27, 2014USD ($)Number | Sep. 30, 2015USD ($)shares | Dec. 31, 2015CAD | Dec. 31, 2014CAD | Sep. 30, 2015CADCAD / shares | Aug. 20, 2015CAD | Jun. 30, 2015CADCAD / shares | May. 28, 2015CAD | Mar. 16, 2015CAD | Feb. 20, 2015CAD | Nov. 18, 2014USD ($) | Nov. 18, 2014CADCAD / shares | Aug. 01, 2014CADCAD / shares | May. 27, 2014CADCAD / shares |
Common stock, par value (in dollars per share) | CAD / shares | CAD 0.0001 | CAD 0.0001 | |||||||||||||||||
Fair value of the derivatives | CAD | CAD 3,722,577 | CAD 1,089,160 | |||||||||||||||||
8% Two Unsecured Convertible Promissory Notes Due on May 27, 2015 [Member] | USD | |||||||||||||||||||
Conversions totaling | $ 2,423 | ||||||||||||||||||
8% Two Unsecured Convertible Promissory Notes Due on May 27, 2015 [Member] | Securities Purchase Agreement [Member] | |||||||||||||||||||
Principal amount | CAD | CAD 27,173 | ||||||||||||||||||
Common stock, par value (in dollars per share) | CAD / shares | CAD 0.00001 | ||||||||||||||||||
Threshold percentage of stock price trigger | 50.00% | ||||||||||||||||||
Threshold trading days | Number | 18 | ||||||||||||||||||
Conversions totaling | CAD | 3,114 | ||||||||||||||||||
Number of shares issued as a result of the conversion | shares | 5,246,000 | ||||||||||||||||||
8% Two Unsecured Convertible Promissory Notes Due on May 27, 2015 [Member] | Securities Purchase Agreement [Member] | USD | |||||||||||||||||||
Principal amount | $ 25,000 | ||||||||||||||||||
8% Unsecured Convertible Promissory Notes Due on August 1, 2015 [Member] | Securities Purchase Agreement [Member] | |||||||||||||||||||
Principal amount | CAD | 25,000 | CAD 161,055 | |||||||||||||||||
Description of conversion terms | The principal amount of the note together with interest may be converted into shares of common stock at the lower of (i) fifty percent of the lowest market price during the 20 days prior to the conversion or (ii) US$0.00005 per share if the stock trades below US$0.001. | ||||||||||||||||||
Threshold percentage of stock price trigger | 50.00% | ||||||||||||||||||
Threshold trading days | Number | 20 | ||||||||||||||||||
Conversions totaling | CAD | 3,874 | ||||||||||||||||||
Number of shares issued as a result of the conversion | shares | 2,334,375 | ||||||||||||||||||
8% Unsecured Convertible Promissory Notes Due on August 1, 2015 [Member] | Securities Purchase Agreement [Member] | USD | |||||||||||||||||||
Principal amount | $ 147,500 | ||||||||||||||||||
Common stock, par value (in dollars per share) | CAD / shares | CAD 0.00005 | ||||||||||||||||||
Conversions totaling | $ 3,175 | ||||||||||||||||||
8% Unsecured Convertible Promissory Notes Due on November 18, 2015 [Member] | Securities Purchase Agreement [Member] | |||||||||||||||||||
Principal amount | CAD | CAD 20,362 | ||||||||||||||||||
Common stock, par value (in dollars per share) | CAD / shares | CAD 0.001 | ||||||||||||||||||
8% Unsecured Convertible Promissory Notes Due on November 18, 2015 [Member] | Securities Purchase Agreement [Member] | USD | |||||||||||||||||||
Principal amount | $ 18,000 | ||||||||||||||||||
8% Convertible Debenture Due on February 20, 2016 [Member] | |||||||||||||||||||
Gross proceed from convertible debenture | CAD | CAD 31,265 | ||||||||||||||||||
Description of conversion terms | The principal amount of the debenture together with interest may be converted into shares of common stock at the lower of (i) fifty percent of the lowest market price during the 20 days prior to the conversion or (ii) US$0.00005 per share if the stock trades below US$0.001. | ||||||||||||||||||
8% Convertible Debenture Due on February 20, 2016 [Member] | USD | |||||||||||||||||||
Gross proceed from convertible debenture | $ 25,000 | ||||||||||||||||||
Principal amount | $ 37,500 | ||||||||||||||||||
8% Convertible Debenture Due on March 16, 2016 [Member] | |||||||||||||||||||
Gross proceed from convertible debenture | CAD | CAD 19,157 | ||||||||||||||||||
Description of conversion terms | The principal amount of the debenture together with interest may be converted into shares of common stock at the lower of (i) fifty percent of the lowest market price during the 20 days prior to the conversion or (ii) US$0.00005 per share if the stock trades below US$0.001. | ||||||||||||||||||
8% Convertible Debenture Due on March 16, 2016 [Member] | USD | |||||||||||||||||||
Gross proceed from convertible debenture | $ 15,000 | ||||||||||||||||||
Principal amount | $ 22,500 | ||||||||||||||||||
5% Convertible Debenture Due on May 28, 2016 [Member] | |||||||||||||||||||
Gross proceed from convertible debenture | CAD | CAD 31,193 | ||||||||||||||||||
Threshold percentage of stock price trigger | 50.00% | ||||||||||||||||||
Threshold trading days | Number | 15 | ||||||||||||||||||
Conversions totaling | CAD | 8,504 | ||||||||||||||||||
Number of shares issued as a result of the conversion | shares | 14,461,538 | ||||||||||||||||||
5% Convertible Debenture Due on May 28, 2016 [Member] | USD | |||||||||||||||||||
Gross proceed from convertible debenture | $ 25,000 | ||||||||||||||||||
Principal amount | $ 25,000 | ||||||||||||||||||
Conversions totaling | $ 6,750 | ||||||||||||||||||
8% Convertible Debenture Due on August 20, 2016 [Member] | |||||||||||||||||||
Gross proceed from convertible debenture | CAD | CAD 32,700 | ||||||||||||||||||
Description of conversion terms | The principal amount of the note together with interest may be converted into shares of common stock at the lower of (i) fifty percent of the lowest market price during the 20 days prior to the conversion or (ii) US$0.00005 per share if the stock trades below US$0.001. | ||||||||||||||||||
Threshold percentage of stock price trigger | 50.00% | ||||||||||||||||||
Threshold trading days | Number | 20 | ||||||||||||||||||
Conversions totaling | CAD | CAD 432 | ||||||||||||||||||
Number of shares issued as a result of the conversion | shares | 8,635,000 | ||||||||||||||||||
8% Convertible Debenture Due on August 20, 2016 [Member] | USD | |||||||||||||||||||
Gross proceed from convertible debenture | $ 25,000 | ||||||||||||||||||
Principal amount | $ 25,000 | ||||||||||||||||||
Conversions totaling | $ 568 | ||||||||||||||||||
Convertible Promissory Notes [Member] | Accounts Payable and Accrued Liabilities [Member] | |||||||||||||||||||
Accrued interest | CAD | CAD 42,092 | CAD 31,174 |
Capital Stock (Details Narrativ
Capital Stock (Details Narrative) | Apr. 21, 2015USD ($)$ / sharesshares | Apr. 21, 2015CADshares | Dec. 10, 2014shares | Dec. 08, 2014USD ($)$ / sharesshares | Dec. 08, 2014CADshares | Sep. 30, 2015USD ($)$ / sharesshares | Sep. 30, 2015CADshares | Jun. 30, 2015USD ($)shares | Jun. 30, 2015CADshares | Dec. 31, 2014USD ($)shares | Sep. 30, 2014USD ($)$ / sharesshares | Sep. 30, 2014CADshares | Jun. 30, 2015CADshares | Sep. 30, 2015CAD / sharesshares | Apr. 21, 2015CAD / shares | Dec. 08, 2014CAD / shares | Sep. 30, 2014CAD / shares |
Number of shares issued for services, value | CAD | CAD 78,522 | CAD 473,745 | |||||||||||||||
Number of shares issued | 12,500,000 | 12,500,000 | 6,150,000 | 6,150,000 | 300,000,000 | 300,000,000 | 16,280,071 | 16,280,071 | 2,940,255 | 1,686,364 | 1,686,364 | ||||||
Number of shares issued, value | CAD | CAD 61,405 | CAD 70,553 | CAD 78,522 | CAD 25,434 | CAD 164,366 | ||||||||||||
Number of partial shares issued | 1,050,000 | 1,050,000 | |||||||||||||||
Share price (in dollars per share) | CAD / shares | CAD 0.0002 | CAD 0.005 | CAD 0.011 | CAD 0.08 | |||||||||||||
Number of partial shares issued | 636,364 | 636,364 | |||||||||||||||
Share price (in dollars per share) | CAD / shares | CAD 0.11 | ||||||||||||||||
Share-based compensation | CAD | CAD 141,106 | ||||||||||||||||
Stockholders' equity reverse stock split | 1 new share for each 100 old shares | ||||||||||||||||
Common shares outstanding | 14,873,382 | 425,124,057 | 43,653,453 | 43,653,453 | 43,653,453 | 425,124,057 | |||||||||||
Investor Relations and Marketing Services [Member] | |||||||||||||||||
Number of shares issued | 150,000 | 150,000 | 1,471,812 | 1,471,812 | |||||||||||||
Number of shares issued, value | CAD | CAD 5,162 | CAD 6,000 | |||||||||||||||
USD | |||||||||||||||||
Number of shares issued, value | $ | $ 50,000 | $ 61,500 | $ 60,000 | $ 20,685 | $ 45,065 | $ 154,000 | |||||||||||
Share price (in dollars per share) | $ / shares | $ 0.004 | $ 0.01 | $ 0.0002 | $ 0.08 | |||||||||||||
Share price at the time of issuance (in dollars per share) | $ / shares | $ 0.03 | ||||||||||||||||
Share-based compensation | $ | $ 123,000 | ||||||||||||||||
USD | Investor Relations and Marketing Services [Member] | |||||||||||||||||
Number of shares issued, value | $ | $ 4,500 | $ 4,500 | |||||||||||||||
Share price (in dollars per share) | $ / shares | $ 0.03 | ||||||||||||||||
Unsecured Promissory Notes [Member] | |||||||||||||||||
Number of shares issued for services | 81,470,604 | 81,470,604 | |||||||||||||||
Number of shares issued for services, value | CAD | CAD 20,484 | ||||||||||||||||
Unsecured Promissory Notes [Member] | USD | |||||||||||||||||
Number of shares issued for services, value | $ | $ 15,652 | ||||||||||||||||
Unsecured Promissory Notes [Member] | |||||||||||||||||
Number of shares issued for services | 2,506,109 | 2,506,109 | |||||||||||||||
Number of shares issued for services, value | CAD | CAD 45,065 |
Shares to be Issued (Details Na
Shares to be Issued (Details Narrative) | Apr. 21, 2015USD ($)shares | Apr. 21, 2015CADshares | Dec. 08, 2014USD ($)shares | Dec. 08, 2014CADshares | Sep. 30, 2015USD ($)shares | Sep. 30, 2015CADshares | Jun. 30, 2015USD ($)shares | Jun. 30, 2015CADshares | Dec. 31, 2014USD ($)shares | Sep. 30, 2014USD ($)shares | Sep. 30, 2014CADshares | Jun. 05, 2016 | Jun. 05, 2015 |
Number of shares issued, value | CAD | CAD 61,405 | CAD 70,553 | CAD 78,522 | CAD 25,434 | CAD 164,366 | ||||||||
Number of shares issued | shares | 12,500,000 | 12,500,000 | 6,150,000 | 6,150,000 | 300,000,000 | 300,000,000 | 16,280,071 | 16,280,071 | 2,940,255 | 1,686,364 | 1,686,364 | ||
USD | |||||||||||||
Number of shares issued, value | $ | $ 50,000 | $ 61,500 | $ 60,000 | $ 20,685 | $ 45,065 | $ 154,000 | |||||||
Investor Relations and Marketing Services [Member] | |||||||||||||
Ownership percentage | 3.00% | ||||||||||||
Number of shares issued, value | CAD | CAD 5,162 | CAD 6,000 | |||||||||||
Number of shares issued | shares | 150,000 | 150,000 | 1,471,812 | 1,471,812 | |||||||||
Investor Relations and Marketing Services [Member] | USD | |||||||||||||
Number of shares issued, value | $ | $ 4,500 | $ 4,500 | |||||||||||
Investor Relations and Marketing Services [Member] | Subsequent Event [Member] | |||||||||||||
Ownership percentage | 3.00% |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) | Oct. 30, 2015 |
Subsequent Event [Member] | Acquisition Agreement ("Agreement") [Member] | Corpaycar, LLC [Member] | |
Description of business combination | The Company will acquire 100% of the issued and outstanding units of Corpaycar, LLC, the maker of the Combo Hitter, from the existing unitholders of Corpaycar. |