Grand Havana (GHAV) 10-Q 2 Jul 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 31, 2014
Document And Entity Information	'
Entity Registrant Name	'Unique Underwriters, Inc.
Entity Central Index Key	'0001514113
Document Type	'10-Q
Document Period End Date	31-Mar-14
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?	'Yes
Entity Filer Category	'Smaller Reporting Company
Entity Common Stock, Shares Outstanding	77,490,612
Document Fiscal Period Focus	'Q3
Document Fiscal Year Focus	'2014

Balance_Sheets_Unaudited

Balance Sheets (Unaudited) (USD $)	Mar. 31, 2014	Jun. 30, 2013
CURRENT ASSETS:	'	'
Cash	$262	$10,586
Accounts receivable	'	1,780
TOTAL CURRENT ASSETS	262	16,944
Rent deposit	'	4,578
Fixed assets, net	3,717	2,885
TOTAL ASSETS	3,979	19,829
CURRENT LIABILITIES	'	'
Accrued expense	5,110	'
Customer deposit	1,500	1,500
Accrued interest	1,425	0
Unsecured demand loan payable	'	250,000
Derivative liability	50,276	'
Convertible notes payable, net	50,491	'
TOTAL CURRENT LIABILITIES	170,654	371,584
Class A preferred stock ($0.001 par value with 10:1 conversion and voting rights, 100,000,000 shares authorized; -0- and -0- shares issued and outstanding)	'	'
Common stock ($0.001 par value 1,000,000,000 shares authorized; 77,565,612 and 77,460,612 shares issued and outstanding at March 31, 2013 and June 30, 2013, repectively)	77,566	77,461
Additional paid in capital	11,239,826	10,928,611
Accumulated deficit	-11,484,067	-11,357,826
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	-166,675	-351,754
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$3,979	$19,829

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Statement of Financial Position [Abstract]	'	'
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	1,000,000,000	1,000,000,000
Common Stock, shares issued	77,565,612	77,460,612
Common Stock, shares outstanding	77,490,612	77,460,612
Preferred Stock, par value	$0.00	$0.00
Preferred Stock, shares outstanding	0	0
Preferred Stock, shares issued	0	0
Preferred Stock, shares authorized	100,000,000	100,000,000
Class B Preferred stock, par value	$0.00	$0.00
Class B Preferred stock, shares outstanding	0	0
Class B Preferred Stock, shares issued	0	0
Class B Preferred shares authorized	50,000,000	50,000,000

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
REVENUES:	'	'	'	'
Insurance sales commissions	$29,676	$174,875	$127,275	$790,498
Lead sales commissions	'	170,546	177,058	486,503
Total commission	29,676	345,421	304,333	1,277,001
Cost of sales	1,353	133,474	157,246	466,824
Gross profit	28,323	211,947	147,087	810,177
EXPENSES:	'	'	'	'
Consulting fees	24,976	6,860	59,793	49,907
Contract labor	'	69,830	43,720	183,233
Payroll and related taxes	'	35,486	'	283,537
Computer/internet expenses	108	796	5,401	5,608
Credit card procesing fee	'	'	5,671	'
Professional fees	2,359	18,646	42,678	52,108
Insurance expenses	'	3,411	3,745	31,585
Rent	9,688	9,330	35,981	46,439
Depreciation	175	114	484	159
Other general and administrative expenses	'	85,428	28,055	213,422
Bad debt expense	1,780	'	1,780	'
Total expenses	39,086	229,900	227,307	865,996
Income (loss) from operations	-10,762	-17,953	-80,220	-55,819
Gain (loss) on derivative liability	6,162	'	'	'
Interest income	'	'	'	125
Interest expense	-6,331	'	-46,021	'
Loss before income taxes	-10,932	-17,953	-126,241	-55,694
Provision for income taxes	'	'	'	'
NET (LOSS)	($10,932)	($17,953)	($126,241)	($55,694)
Basic and fully diluted net (loss) per common share:	'	'	'	'
Weighted average common shares outstanding	77,565,612	77,460,612	77,517,765	77,460,612

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income (loss)	($126,241)	($55,694)
Adjustments to reconcile (net loss) to net cash (used in) operations:	'	'
Stock issued for services rendered	10,800	'
Gain on derivative liability	'	'
Amortization of debt discount	35,266	'
Depreciation	484	159
Amortization in financing fee	2,500	'
Increase (decrease) in operating assets and liabilities	'	'
Accounts receivable	1,780	-4,243
Rent deposit	4,578	-4,578
Accounts payable	-14,053	-30,375
Accrued expense	5,110	'
Accrued interest	2,730	'
Accrued payroll taxes	'	25,893
NET CASH (USED IN) OPERATING ACTIVITIES	-77,048	-68,839
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of furniture and computers	-1,315	-3,371
Net cash (used in) investing activities	-1,315	-3,371
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Loans from related parties	'	53,055
Repayment of loans from related parties	-17,500	'
Advance from third party	41,334	'
Repayment of advanced from third party	-18,795	'
Net proceeds from issuance of convertible note payable	63,000	'
NET CASH PROVIDED BY FINANCING ACTIVITIES	68,039	53,055
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-10,324	-19,156
CASH AND CASH EQUIVALENTS,	'	'
BEGINNING OF THE YEAR	10,586	19,156
END OF THE YEAR	262	'
Interest Paid	470700.00%	'
Income Taxes Paid	'	'

NOTE_1_SUMMARY_OF_SIGNIFICANT_

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 1 BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Unique Underwriters, Inc. (the “Company”) is a national, independent insurance sales and marketing company located in the Mooresville, North Carolina area. The Company was incorporated in the State of Texas on July 28, 2009.
	Basis of Presentation
	The financial statements include the accounts of Unique Underwriters, Inc. under the accrual basis of accounting.
	Interim financial statements
	The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments necessary to present the financial position, results of operations and cash flows for the stated periods have been made. Except as described below, these adjustments consist only of normal and recurring adjustments. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed financial statements should be read in conjunction with a reading of the Company’s consolidated financial statements and notes thereto included in the Company’s Form 10-K annual report filed with the Securities and Exchange Commission (SEC) on October 15, 2013. Interim results of operations for the three and nine months ended March 31, 2014 are not necessarily indicative of future results for the full year.
	Management’s 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The financial statements above reflect all of the costs of doing business. The Company’s significant estimates include the valuation of stock-based compensation.
	Reclassification
	Certain amounts in the prior years' financial statements have been reclassified to conform with the current year presentation.
	Cash and Cash Equivalents - For purposes of the Statements of Cash Flows, the Company considers highly liquid investments with an original maturity of three months or less to be cash equivalents.
	Revenue Recognition – The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when services are realized or realizable and earned less estimated future doubtful accounts. 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 services have been rendered and all required milestones achieved,
		(iii)	the sales price is fixed or determinable, and
		(iv)	Collectability is reasonably assured.
	The approval from the Company’s insurance carriers, which occurs upon receipt of our commission check and the policy, is reviewed online, and related completion of services to the client is an event that triggers revenue recognition.
	The lead sales revenue is recognized when one of our agents submits an order to rent leads and simultaneously their credit card is processed and the leads are distributed to them. The Company recognizes revenue when the agent submits an order to rent the leads for 30 days. After thirty days the leads become available for rental to another agent. Leads may be rented multiple times at decreasing rates due to the lead’s age and number of times it has been rented.
	Membership revenue recognition occurs when an agent registers for one of the Company’s websites online and submits their payment information; the agent must give 30 days notice of request to cancel their membership. The Company recognizes revenue related to our various membership plans as income on a straight-line basis over the length of membership period.
	The customer deposit is strictly related to Executive Membership Package. After submitting a $500 deposit, an Executive Member can request that the Company directly mail letters to new home owners and/or senior citizens to generate new direct mail response leads. The Company refunds these deposits back to Executive Members when they no longer request that the Company directly mail letters to new home owners and/or senior citizens to generate new direct mail response leads. However, the Executive Members may also apply these deposits towards the leads sale or membership fees in the future. After the Executive Member cancels their direct mail service, they have the choice to use these deposits for additional leads, request that the deposits be applied towards membership, or ask for refunds. If deposits are used for additional leads, revenue is recognized when services are realized or realizable and earned. If deposits are used for membership fees, revenue is recognized over the length of membership period. For the nine months ended March 31, 2014, and 2013, the Company did not issue any refunds to Executive Members.
	Cost of Sales - The Company’s policy is to recognize cost of sales in the same manner in conjunction with revenue recognition, when the costs are incurred. Cost of sales includes the costs directly attributable to revenue recognition and include marketing and leads generation costs, leads purchased costs and agent expenses.
	Loss Per Share – Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. 2,258,621 shares of common stock underlying convertible debenture are not included in the calculations of diluted loss per share, as the impact of the potential common shares would antidilutive.
	Stock-Based Compensation- The Company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service.
	Fair Value for Financial Assets and Financial Liabilities- 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 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 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 amounts of the Company’s financial assets and liabilities, such as cash, accounts receivable, rent deposit, accounts payable, customer deposits and notes payable approximate their fair values because of the short maturity of these instruments.
	The Company’s derivative liabilities related to convertible debt are measured at fair value on a recurring basis, using level 3 inputs. There were no assets or liabilities measured at fair value on a nonrecurring basis during the nine months ended March 31, 2014.
	Recent Accounting Pronouncements
	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its consolidated financial condition or the consolidated results of its operations.
	Income Taxes
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for federal and state income tax purposes.
	The Company’s deferred tax asset at March 31, 2014 consists of net operating loss carry forwards calculated using federal and state effective tax rates equating to approximately $409,850 less a valuation allowance in the amount of approximately $409,850. Because of the Company’s lack of earnings history, the deferred tax asset has been fully offset by a valuation allowance.
	ASC 740-10 prescribes a recognition threshold that a tax position is required to meet before being recognized in the financial statements and provides guidance on recognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition issues. The Company classifies interest and penalties as a component of interest and other expenses. To date, the Company has not been assessed, nor has the Company paid, any interest or penalties.
	The Company measures and records uncertain tax positions by establishing a threshold for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Only tax positions meeting the more-likely-than-not recognition threshold at the effective date may be recognized or continue to be recognized. All of the Company's tax years are subject to examination.
	At March 31, 2014, the Company had federal and state net operating loss carry forwards of approximately $1,171,000 that expire in various years through the year 2034.

NOTE_2_FIXED_ASSETS

NOTE 2. FIXED ASSETS	9 Months Ended
	Mar. 31, 2014
Property, Plant and Equipment [Abstract]	'
NOTE 2. FIXED ASSETS	'
	NOTE 2 - FIXED ASSETS
	Fixed assets were comprised of the following as of March 31, 2014 and June 30, 2013:
		31-Mar-14		30-Jun-13
	Cost:
	Furniture	$	3,371	$	3,371
	Computers		1,315		—
	Total		4,686		3,371
	Less: Accumulated depreciation		969		486
	Property and equipment, net	$	3,717	$	2,885
	Depreciation expense was $484 and $159 for the nine months ended March 31, 2014 and 2013, respectively.

NOTE_3_UNSECURED_DEMAND_LOAN_P

NOTE 3. UNSECURED DEMAND LOAN PAYABLE	9 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
NOTE 3. UNSECURED DEMAND LOAN PAYABLE	'
	NOTE 3 - UNSECURED DEMAND LOAN PAYABLE
	The balance of unsecured demand loan was $0 and $250,000 as of March 31, 2014 and June 30, 2013, respectively. The funds borrowed from an unrelated party were to fund the Company’s daily operations. The loan was unsecured, interest free and repayable currently. In February 2014, the company was relieved of its obligations, which remain obligations of former officers and principal stockholders. Accordingly, the Company recorded additional paid in capital of $255,000 for the nine months ended March 31, 2014.

NOTE_4_LOANS_PAYABLERELATED_PA

NOTE 4. LOANS PAYABLE-RELATED PARTY	9 Months Ended
	Mar. 31, 2014
Loans Payable [Abstract]	'
NOTE 4. LOANS PAYABLE-RELATED PARTY	'
	NOTE 4 - LOANS PAYABLE-RELATED PARTIES
	Loans payable to related parties were $0 and $45,484 as of March 31, 2014 and June 30, 2013, respectively. The funds borrowed from the Company’s related parties were to fund the Company’s daily operations. The loan agreements were not evidenced by any promissory notes, but rather verbal agreements between the related parties and the Company. The effects of imputed interest are immaterial to the financial statements taken as a whole. On February 2014, the principal and accrued interest in total amount of $27,984 was forgiven by the related parties. Accordingly, the Company recorded additional paid in capital of $27,984 in the accompanying statements of operations for the nine months ended March 31, 2014.

NOTE_5_ADVANCES_FROM_THIRD_PAR

NOTE 5. ADVANCES FROM THIRD PARTY	9 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 5. ADVANCES FROM THIRD PARTY	'
	NOTE 5 - ADVANCES FROM THIRD PARTIES
	During the nine months ended March 31, 2014, the company received advances from Yellowstone Capital, LLC totaling $26,831 to fund the Company’s daily operations. The advances were due on demand and accrued interest at 15% plus fee per annum. During the nine months end March 31, 2014, the company repaid $15,415 of principal and interest. In February 2014, the company was relieved of its obligation to repay the principal and accrued interest in amount of $11,416, which remains an obligation of former officers and principal stockholders. Accordingly, the Company recorded additional paid in capital of $11,416 for the nine months ended March 31, 2014.
	During the nine months ended March 31, 2014, the company received advances from Horizon Business Funding, LLC totaling $14,500. The advances were due on demand and accrued interest at 10% plus fee per annum. In February 2014, the company was relieved of its obligation to repay the principal and accrued interest in amount of $11,120, which remains an obligation of former officers and principal stockholders. Accordingly, the Company recorded additional paid in capital of $11,120 for the nine months ended March 31, 2014.

NOTE_6_CONVERTIBLE_NOTES_PAYAB

NOTE 6. CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES	9 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
NOTE 6. CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES	'
	NOTE 6 CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES
	On August 15, 2013 Unique Underwriters, Inc. (the “Company”) issued an 8% convertible note in the principal amount of $47,500 (the "Note") to an Accredited Investor (the “Lender").
	The Note bears interest at the rate of 8% per annum.  All interest and principal must be repaid on May 30, 2014.  The Note is convertible any time during the period beginning on the date which is one hundred eighty (180) days following the date of the Note into common stock of the Company, at the Lender’s option, at a 42% discount to the average of the three lowest closing bid prices of the common stock during the 10 Trading Day period prior to conversion as Trading Day is defined in the Note.  In the event the Company prepays the Note in full, the Company is required to pay off all principal, interest and any other amounts owing multiplied by 135% if prepaid 121 days following the Issue Date through 180 days following the Issue Date.  After the expiration of 180 days following the date of the Note, the Company has no right of prepayment.
	The Lender has agreed to restrict its ability to convert the Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 9.99% of the then issued and outstanding shares of common stock.   The total net proceeds the Company received were $45,000, net of attorney’s fees of $2,500.
	The Company has determined that the conversion feature of the Notes represent an embedded derivative since the Notes are convertible into a variable number of shares upon conversion. Accordingly, the Notes are not considered to be conventional debt under EITF 00-19 and the embedded conversion feature must be bifurcated from the debt host and accounted for as a derivative liability. Accordingly, the fair value of this derivative instrument has been recorded as a liability on the balance sheet with the corresponding amount recorded as a discount to the Notes. Such discount will be accreted from the grant date to the maturity date of the Notes. The change in the fair value of the derivative liability will be recorded in other income or expenses in the statement of operations at the end of each period, with the offset to the derivative liability on the balance sheet. The beneficial conversion feature included in the Notes resulted in an initial debt discount of $47,500 and an initial loss on the valuation of derivative liabilities of $10,491 based on the initial fair value of the derivative liability of $57,991. The fair value of the embedded derivative liability was calculated at grant date utilizing the following assumptions:
				Assumed Conversion Price	Market Price on Grant Date
	Grant Date		Term			Volatility Percentage	Risk-free
		Fair Value	(Years)				Rate
	8/15/13	$57,991	0.75	$0.06	$0.10	200%	0.14%
	At March 31, 2014, the Company revalued the embedded derivative liability. For the period from the grant date to March 31, 2014, the balance of derivative liability did not change.
	The fair value of the embedded derivative liability was calculated at March 31, 2014 utilizing the following assumptions:
			Assumed Conversion
	Fair Value	Term	Price	Volatility Percentage	Risk-free
		(Years)			Rate
	$57,991	0.13	$0.03	206%	0.13%
	The carrying value of the Notes was $39,398 as of March 31, 2014, net of unamortized discount of $8,102. The Company recorded amortization of the debt discount in the amount of $28,358 during the period ended March 31, 2014. The accrued interest related to this note for the period ended March 31, 2014 is $2,735.
	On November 19, 2013 Unique Underwriters, Inc. (the “Company”) issued an 8% convertible note in the principal amount of $18,000 (the "Note") to an Accredited Investor (the “Lender").
	The Note bears interest at the rate of 8% per annum.  All interest and principal must be repaid on August 21, 2014.  The Note is convertible any time during the period beginning on the date which is one hundred eighty (180) days following the date of the Note into common stock of the Company, at the Lender’s option, at a 42% discount to the average of the three lowest closing bid prices of the common stock during the 10 Trading Day period prior to conversion as Trading Day is defined in the Note.  In the event the Company prepays the Note in full, the Company is required to pay off all principal, interest and any other amounts owing multiplied by 135% if prepaid 121 days following the Issue Date through 180 days following the Issue Date.  After the expiration of 180 days following the date of the Note, the Company has no right of prepayment.
	The Lender has agreed to restrict its ability to convert the Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 9.99% of the then issued and outstanding shares of common stock.
	The Company has determined that the conversion feature of the Notes represent an embedded derivative since the Notes are convertible into a variable number of shares upon conversion. Accordingly, the Notes are not considered to be conventional debt under EITF 00-19 and the embedded conversion feature must be bifurcated from the debt host and accounted for as a derivative liability. Accordingly, the fair value of this derivative instrument has been recorded as a liability on the balance sheet with the corresponding amount recorded as a discount to the Notes. Such discount will be accreted from the grant date to the maturity date of the Notes. The change in the fair value of the derivative liability will be recorded in other income or expenses in the statement of operations at the end of each period, with the offset to the derivative liability on the balance sheet. The beneficial conversion feature included in the Notes resulted in an initial debt discount of $18,000 and an initial loss on the valuation of derivative liabilities of $4,246 based on the initial fair value of the derivative liability of $22,246. The fair value of the embedded derivative liability was calculated at grant date utilizing the following assumptions:
				Assumed Conversion Price	Market Price on Grant Date
	Grant Date		Term			Volatility Percentage	Risk-free
		Fair Value	(Years)				Rate
	11/19/13	$22,246	0.75	$0.05	$0.08	201%	0.14%
	At March 31, 2014, the Company revalued the embedded derivative liability. For the period from the grant date to March 31, 2014, the balance of derivative liability did not change.
	The fair value of the embedded derivative liability was calculated at March 31, 2014 utilizing the following assumptions:
			Assumed Conversion
	Fair Value	Term	Price	Volatility Percentage	Risk-free
		(Years)			Rate
	$22,246	0.39	$0.03	205,78%	0.13%
	The carrying value of the Notes was $6,908 as of March 31, 2014, net of unamortized discount of $11,092. The Company recorded amortization of the debt discount in the amount of $6,908 during the period ended March 31, 2014. The accrued interest related to this note for the period ended March 31, 2014 was $521.

NOTE_7_CAPITAL_STOCK

NOTE 7. CAPITAL STOCK	9 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
NOTE 7. CAPITAL STOCK	'
	NOTE 7 - CAPITAL STOCK
	The Company is currently authorized to issue 100,000,000 Class A preferred shares at $.001 par value per share with 10:1 conversion and voting rights. As of March 31, 2014, there was no Class A preferred shares issued and outstanding.
	The Company is currently authorized to issue 50,000,000 Class B preferred shares at $.001 par value per share with 1:1 conversion and voting rights. As of March 31, 2014, there was no Class B preferred shares issued and outstanding.
	The Company is currently authorized to issue 1,000,000,000 common shares at $.001 par value per share. As of March 31, 2014, there were 77,565,612 shares of common stock issued and outstanding.
	On September 20, 2013, the Company issued as compensation for services provided a total of 30,000 common shares with a fair value of $3,300 to a third party. The fair value of the shares was based on the price quoted on the OTC bulletin board on the grant date.
	On November 1, 2013, the Company issued 75,000 common shares with a market value of $7,500 as compensation for services provided. The fair value of the shares was based on the price quoted on the OTC bulletin board on the grant date.

NOTE_8_LEASE_AND_EMPLOYMENT_CO

NOTE 8. LEASE AND EMPLOYMENT COMMITMENTS AND RELATED PARTY TRANSACTION	9 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
NOTE 8. LEASE AND EMPLOYMENT COMMITMENTS AND RELATED PARTY TRANSACTION	'
	NOTE 8 - LEASE AND EMPLOYMENT COMMITMENTS AND RELATED PARTY TRANSACTION
	The Company assumed and renewed its office lease with an unrelated party. The lease was for five years and expires on April 30, 2018.
	Effective as of March 14, 2014, the control of registrant has been changed. The office location has been changed, and the lease agreement is no longer an obligation to the Company. The Company recognized $9,688 of $35,981 rent expense for the three or nine months ended March 31, 2014, respectively.
	In March, 2014, the agreement between the Company and Samuel, and the agreement between the Company and Ralph have been terminated and cancelled. And they are not owed any amounts from the Company.

NOTE_9_GOING_CONCERN_AND_UNCER

NOTE 9. GOING CONCERN AND UNCERTAINTY	9 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
NOTE 9. GOING CONCERN AND UNCERTAINTY	'
	NOTE 9 - GOING CONCERN AND UNCERTAINTY
	The Company has suffered recurring losses from operations since inception and has a working capital deficit of $166,675, as of March 31, 2014. In addition, the Company has yet to generate an internal cash flow from its business operations. These factors raise substantial doubt as to the ability of the Company to continue as a going concern.
	Management’s plans with regard to these matters encompass the following actions: 1) obtain funding from new investors to alleviate the Company’s working capital deficiency, and 2) implement a plan to generate sales. The Company’s continued existence is dependent upon its ability to resolve it liquidity problems and increase profitability in its current business operations. However, the outcome of management’s plans cannot be ascertained with any degree of certainty. The accompanying financial statements do not include any adjustments that might result from the outcome of these risks and uncertainties.

NOTE_1_SUMMARY_OF_SIGNIFICANT_1

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The financial statements include the accounts of Unique Underwriters, Inc. under the accrual basis of accounting.
Interim financial statements	'
	Interim financial statements
	The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments necessary to present the financial position, results of operations and cash flows for the stated periods have been made. Except as described below, these adjustments consist only of normal and recurring adjustments. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed financial statements should be read in conjunction with a reading of the Company’s consolidated financial statements and notes thereto included in the Company’s Form 10-K annual report filed with the Securities and Exchange Commission (SEC) on October 15, 2013. Interim results of operations for the three and nine months ended March 31, 2014 are not necessarily indicative of future results for the full year.
Managementbs Use of Estimates	'
	Management’s 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The financial statements above reflect all of the costs of doing business. The Company’s significant estimates include the valuation of stock-based compensation.
Reclasification	'
	Reclassification
	Certain amounts in the prior years' financial statements have been reclassified to conform with the current year presentation.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents - For purposes of the Statements of Cash Flows, the Company considers highly liquid investments with an original maturity of three months or less to be cash equivalents.
Revenue Recognition	'
	Revenue Recognition – The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when services are realized or realizable and earned less estimated future doubtful accounts. 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 services have been rendered and all required milestones achieved,
		(iii)	the sales price is fixed or determinable, and
		(iv)	Collectability is reasonably assured.
	The approval from the Company’s insurance carriers, which occurs upon receipt of our commission check and the policy, is reviewed online, and related completion of services to the client is an event that triggers revenue recognition.
	The lead sales revenue is recognized when one of our agents submits an order to rent leads and simultaneously their credit card is processed and the leads are distributed to them. The Company recognizes revenue when the agent submits an order to rent the leads for 30 days. After thirty days the leads become available for rental to another agent. Leads may be rented multiple times at decreasing rates due to the lead’s age and number of times it has been rented.
	Membership revenue recognition occurs when an agent registers for one of the Company’s websites online and submits their payment information; the agent must give 30 days notice of request to cancel their membership. The Company recognizes revenue related to our various membership plans as income on a straight-line basis over the length of membership period.
	The customer deposit is strictly related to Executive Membership Package. After submitting a $500 deposit, an Executive Member can request that the Company directly mail letters to new home owners and/or senior citizens to generate new direct mail response leads. The Company refunds these deposits back to Executive Members when they no longer request that the Company directly mail letters to new home owners and/or senior citizens to generate new direct mail response leads. However, the Executive Members may also apply these deposits towards the leads sale or membership fees in the future. After the Executive Member cancels their direct mail service, they have the choice to use these deposits for additional leads, request that the deposits be applied towards membership, or ask for refunds. If deposits are used for additional leads, revenue is recognized when services are realized or realizable and earned. If deposits are used for membership fees, revenue is recognized over the length of membership period. For the nine months ended March 31, 2014, and 2013, the Company did not issue any refunds to Executive Members.
Cost of Sales	'
	Cost of Sales - The Company’s policy is to recognize cost of sales in the same manner in conjunction with revenue recognition, when the costs are incurred. Cost of sales includes the costs directly attributable to revenue recognition and include marketing and leads generation costs, leads purchased costs and agent expenses.
Loss Per Share	'
	Loss Per Share – Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. 2,258,621 shares of common stock underlying convertible debenture are not included in the calculations of diluted loss per share, as the impact of the potential common shares would antidilutive.
Stock-Based Compensation	'
	Stock-Based Compensation- The Company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service.
Fair Value for Financial Assets and Financial Liabilities	'
	Fair Value for Financial Assets and Financial Liabilities- 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 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 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 amounts of the Company’s financial assets and liabilities, such as cash, accounts receivable, rent deposit, accounts payable, customer deposits and notes payable approximate their fair values because of the short maturity of these instruments.
	The Company’s derivative liabilities related to convertible debt are measured at fair value on a recurring basis, using level 3 inputs. There were no assets or liabilities measured at fair value on a nonrecurring basis during the nine months ended March 31, 2014.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its consolidated financial condition or the consolidated results of its operations
Income Taxes	'
	Income Taxes
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for federal and state income tax purposes.
	The Company’s deferred tax asset at March 31, 2014 consists of net operating loss carry forwards calculated using federal and state effective tax rates equating to approximately $409,850 less a valuation allowance in the amount of approximately $409,850. Because of the Company’s lack of earnings history, the deferred tax asset has been fully offset by a valuation allowance.
	ASC 740-10 prescribes a recognition threshold that a tax position is required to meet before being recognized in the financial statements and provides guidance on recognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition issues. The Company classifies interest and penalties as a component of interest and other expenses. To date, the Company has not been assessed, nor has the Company paid, any interest or penalties.
	The Company measures and records uncertain tax positions by establishing a threshold for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Only tax positions meeting the more-likely-than-not recognition threshold at the effective date may be recognized or continue to be recognized. All of the Company's tax years are subject to examination.
	At March 31, 2014, the Company had federal and state net operating loss carry forwards of approximately $1,171,000 that expire in various years through the year 2034.

NOTE_2_FIXED_ASSETS_Tables

NOTE 2. FIXED ASSETS (Tables)	9 Months Ended
	Mar. 31, 2014
Property, Plant and Equipment [Abstract]	'
Fixed assets	'
		31-Mar-14		30-Jun-13
	Cost:
	Furniture	$	3,371	$	3,371
	Computers		1,315		—
	Total		4,686		3,371
	Less: Accumulated depreciation		969		486
	Property and equipment, net	$	3,717	$	2,885

NOTE_6_CONVERTIBLE_NOTES_PAYAB1

NOTE 6. CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES (Tables)	9 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Fair Value of derivative liability	'
				Assumed Conversion Price	Market Price on Grant Date
	Grant Date		Term			Volatility Percentage	Risk-free
		Fair Value	(Years)				Rate
	8/15/13	$57,991	0.75	$0.06	$0.10	200%	0.14%
			Assumed Conversion
	Fair Value	Term	Price	Volatility Percentage	Risk-free
		(Years)			Rate
	$57,991	0.13	$0.03	206%	0.13%
				Assumed Conversion Price	Market Price on Grant Date
	Grant Date		Term			Volatility Percentage	Risk-free
		Fair Value	(Years)				Rate
	11/19/13	$22,246	0.75	$0.05	$0.08	201%	0.14%
			Assumed Conversion
	Fair Value	Term	Price	Volatility Percentage	Risk-free
		(Years)			Rate
	$22,246	0.39	$0.03	205,78%	0.13%

NOTE_2_FIXED_ASSETS_Details_Na

NOTE 2. FIXED ASSETS (Details Narrative) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Property, Plant and Equipment [Abstract]	'	'	'	'
Depreciation expense	$175	$114	$484	$159

NOTE_3_UNSECURE_DEMAND_LOAN_PA

NOTE 3. UNSECURE DEMAND LOAN PAYABLE (Detail Narrative) (USD $)	9 Months Ended
	Mar. 31, 2014	Jun. 30, 2013
Debt Disclosure [Abstract]	'	'
Loan payable	'	$250,000
Additional paid in capital	$255,000	'

NOTE_4_LOANS_PAYABLERELATED_PA1

NOTE 4. LOANS PAYABLE-RELATED PARTIES (Detail Narrative) (USD $)	9 Months Ended
	Mar. 31, 2014	Feb. 01, 2014
Loans Payable [Abstract]	'	'
Principal and accrued interest in total amount	'	$27,984
Additional paid in capital	$27,984	'

NOTE_5_ADVANCES_FROM_THIRD_PAR1

NOTE 5. ADVANCES FROM THIRD PARTY (Details Narrative) (USD $)	9 Months Ended
	Mar. 31, 2014	Feb. 05, 2014	Feb. 01, 2014
Notes to Financial Statements	'	'	'
Advance received I	$26,831	'	'
accrued interest and fees	$0.15	'	'
principal and interest payment	15,415	'	'
loan forgiveness	'	11,120	11,416
additional paid in capital	11,416	'	'
Advances received	14,500	'	'
accrued interest and fee per annum	0.1	'	'
addition paid capital ii	$11,120	'	'

NOTE_6_CONVERTIBLE_NOTES_PAYAB2

NOTE 6. CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES (Details Narrative) (USD $)	9 Months Ended
	Mar. 31, 2014	Nov. 19, 2013	Aug. 15, 2013
		D	D
Notes to Financial Statements	'	'	'
Convertible note rate	'	8.00%	8.00%
Principal amount	'	$18,000	$47,500
Days note is convertible	'	180	180
Average discount on convertible note	'	42.00%	42.00%
Trading day period	'	10	10
Penalty amount if prepaid	'	1.35	1.35
Days following issue date-beginning	'	121	121
Days following issue date-ending	'	180	180
Conversion amount not exceed	'	0.0999	0.0999
Net proceeds received	'	'	45,000
Attorney fees	'	'	2,500
Debt discount	6,908	18,000	47,500
Loss on derivative liabilities	'	'	10,491
Fair value of derivative liability	'	22,246	57,991
Embedded derivative liability	57,991	4,246	'
Decrease of embedded derivative liability	1,544	'	'
Amortization debt discount	28,358	'	'
Carrying value of Note	6,908	'	'
Unamortized discount	19,142	'	'
Unamortized discount ii	11,092	'	'
Accrued interest	$2,735	'	'

NOTE_7_CAPITAL_STOCK_Details_N

NOTE 7. CAPITAL STOCK (Details Narrative) (USD $)	Mar. 31, 2014	Nov. 01, 2013	Sep. 20, 2013	Jun. 30, 2013
Equity [Abstract]	'	'	'	'
Authorized Class B preferred shares	50,000,000	'	'	'
Par Value Class B	$0.00	'	'	$0.00
Issued shares for compensation of services	'	75,000	30,000	'
Market value for shares issued	'	$7,500	$3,300	'
Authorized common shares	1,000,000,000	'	'	1,000,000,000
Par value	$0.00	'	'	$0.00

NOTE_8_LEASE_AND_EMPLOYMENT_CO1

NOTE 8. LEASE AND EMPLOYMENT COMMITMENTS AND RELATED PARTY TRANSACTION (Detail Narrative) (USD $)	3 Months Ended	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'	'
Monthly rent	$9,688	$35,981

NOTE_2_FIXED_ASSETS_Details

NOTE 2. FIXED ASSETS (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Property, Plant and Equipment [Abstract]	'	'
Furniture	$3,371	$3,371
Computers	1,315	'
Total cost	4,686	3,371
Less: Accumulated depreciation	969	486
Property and equipment, net	$3,717	$2,885

NOTE_6_CONVERTIBLE_NOTES_PAYAB3

NOTE 6. CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES - Fair Value of derivative liability (Details) (USD $)	Mar. 31, 2014	Nov. 19, 2013	Aug. 15, 2013
	D	D	D
Notes to Financial Statements	'	'	'
Fair Value	$57,991	$22,246	$57,991
Term (Years)	0.13	0.75	0.75
Assumed Conversion Price	0.029	0.046	0.058
Market Price on Grant Date	'	$0.08	$0.01
Volatility Percentage	20600.00%	20100.00%	20000.00%
Risk-free Rate	13.00%	14.00%	14.00%

NOTE_8_LEASE_AND_EMPLOYMENT_CO2

NOTE 8. LEASE AND EMPLOYMENT COMMITMENTS AND RELATED PARTY TRANSACTION - Future minimum rental (Details) (USD $)	3 Months Ended	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2014
Notes to Financial Statements	'	'
Future minimum rental payment	$9,688	$35,981

NOTE_9_GOING_CONCERN_AND_UNCER1

NOTE 9. GOING CONCERN AND UNCERTAINTY (Details) (USD $)	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Working capital deficit	$166,675