Artisan Consumer Goods (ARRT) 10-K 1 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Document And Entity Information
Entity Registrant Name	Cassidy Ventures Inc.
Entity Central Index Key	1,530,425
Document Type	10-K
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	148,000,000
Entity Public Float		$ 9,620,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Current assets
Cash		$ 86
Total current assets		86
Total Assets	0	86
Current liabilities
Accounts payable	20,011	9,785
Accrued expenses-related party	615,000	435,000
Shareholder advances	65,899	65,830
Total current liabilities	700,910	510,615
Stockholders' Deficiency:
Common stock, $0.001 par value, 256,000,000 shares authorized 148,000,000 issued and outstanding as of June 30, 2016 and June 30, 2015	148,000	148,000
Additional paid-in capital	18,162,500	18,162,500
Accumulated deficit	(19,011,410)	(18,821,029)
Total stockholders' deficiency	(700,910)	(510,529)
Total Liabilities and Stockholders' Deficiency	$ 0	$ 86

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2014
Stockholders' Deficiency:
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	256,000,000	256,000,000
Common stock, issued	148,000,000	148,000,000	13,000,000
Common stock, outstanding	148,000,000	148,000,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Costs
Consulting Fee Expense	$ 180,000	$ 180,000
Professional fees	9,286	24,195
General and administative expenses	1,095	18,206,323
Total operating expenses	190,381	18,410,518
Net operating inome (loss)	(190,381)	(18,410,518)
Net income (loss)	$ (190,381)	$ (18,410,518)
Basic and diluted income (loss) per share	$ 0	$ (0.13)
Weighted average number of common shares outstanding - basic and diluted	148,000,000	142,265,753

Statement of Changes in Stockho

Statement of Changes in Stockholders' Deficit - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Amount at Jun. 30, 2014	$ 135,000	$ (24,500)	$ (410,511)	$ (300,011)
Beginning Balance, Shares at Jun. 30, 2014	135,000,000
Net loss				(18,313,509)
Ending Balance, Amount at Dec. 31, 2014				(413,520)
Beginning Balance, Amount at Jun. 30, 2014	$ 135,000	(24,500)	(410,511)	(300,011)
Beginning Balance, Shares at Jun. 30, 2014	135,000,000
Net loss				(18,362,689)
Ending Balance, Amount at Mar. 31, 2015				(462,699)
Beginning Balance, Amount at Jun. 30, 2014	$ 135,000	(24,500)	(410,511)	(300,011)
Beginning Balance, Shares at Jun. 30, 2014	135,000,000
Issuance of common stock for services, Amount	$ 13,000	18,187,000		18,200,000
Issuance of common stock for services, Shares	13,000,000
Net loss			(18,410,518)	(18,410,518)
Ending Balance, Amount at Jun. 30, 2015	$ 148,000	18,162,500	(18,821,029)	(510,529)
Ending Balance, Shares at Jun. 30, 2015	148,000,000
Beginning Balance, Amount at Dec. 31, 2014				(413,520)
Net loss				(49,180)
Ending Balance, Amount at Mar. 31, 2015				(462,699)
Beginning Balance, Amount at Jun. 30, 2015	$ 148,000	18,162,500	(18,821,029)	(510,529)
Net loss			(190,381)	(190,381)
Ending Balance, Amount at Jun. 30, 2016	$ 148,000	$ 18,162,500	$ (19,011,410)	$ (700,910)
Ending Balance, Shares at Jun. 30, 2016	148,000,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (190,381)	$ (18,410,518)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation		18,200,000
Changes in operating assets and liabilities:
Accounts payable	10,226	(10,543)
Accrued expenses-related party	180,000	180,000
Net cash used in operating activities	(155)	(41,061)
Cash flows from financing activities
Proceeds from shareholders advances	69	41,147
Net cash provided by financing activities	69	41,147
Net increase (decrease) in cash	(86)	86
Cash - beginning of the year	86
Cash - end of the year		86
Supplemental disclosures:
Interest paid
Income taxes
Non-cash transactions:
Stock Compenstaion		$ 18,200,000

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Note 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	Cassidy Ventures, Inc. (the “Company”) was incorporated in the State of Nevada on September 14, 2009, and its year-end is June 30. The Company’s principle executive office address is 297 President Street, Brooklyn, New York 11231. The Company has acquired mineral properties located in the Thunder Bay mining district, Province of Ontario, Canada but has not yet determined whether these properties contain reserves that are economically recoverable. The recoverability of costs incurred for acquisition and exploration of the properties will be dependent upon the discovery of economically recoverable reserves, confirmation of the Company’s interest in the underlying properties, the ability of the Company to obtain necessary financing to satisfy the expenditure requirements and to complete the development of the properties and upon future profitable production or proceeds from the sale thereof. See name change and business model change in Note 7 - Subsequent Events.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company provides estimates for its common stock valuations and valuation allowances for deferred taxes. Cash Flow Reporting The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method ("Indirect method") as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. Cash and Cash Equivalents The Company considers all highly liquid debt instruments and other short-term investments with maturity of three months or less, when purchased, to be cash equivalents. There were no cash equivalents as of June 30, 2016 and 2015. Cash and cash equivalents deposited with financial institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company did not hold cash in excess of FDIC insurance coverage at a financial institution as of June 30, 2016 and 2015. Basic Earnings (loss) per Share The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. Basic net earnings (loss) per share amounts are computed by dividing the net earnings (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. Fair Value Measurements In September 2006, the FASB issued ASC 820 (previously SFAS 157) which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The provisions of ASC 820 were effective January 1, 2008. As defined in ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observations of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The three levels of the fair value hierarchy defined by ASC 820 are as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars. Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Income Taxes The Company accounts for income taxes utilizing the liability method of accounting. Under the liability method, deferred taxes are determined based on differences between financial statement and tax bases of assets and liabilities at enacted tax rates in effect in years in which differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to amounts that are expected to be realized. The Company follows ASC 740-10, “Accounting for Uncertainty in Income Taxes” (“ASC 740-10”). This interpretation requires recognition and measurement of uncertain income tax positions using a “more-likely-than-not” approach. ASC 740-10 is effective for fiscal years beginning after December 15, 2006. Management has adopted ASC 740-10 for 2007, and they evaluate their tax positions on an annual basis, and have determined that as of June 30, 2016, no additional accrual for income taxes is necessary. The Company’s policy is to recognize both interest and penalties related to unrecognized tax benefits expected to result in payment of cash within one year are classified as accrued liabilities, while those expected beyond one year are classified as other liabilities. The Company has not recorded any interest or penalties since its inception. The Company intends to file income tax returns in the U.S. federal tax jurisdiction and various state tax jurisdictions. The tax years for 2010 to 2015 remain open for examination by federal and/or state tax jurisdictions. The Company is currently not under examination by any other tax jurisdictions for any tax year. Going Concern These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since inception resulting in an accumulated deficit of $19,011,410 at June 30, 2016 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or private placement of common stock. There is no guarantee that the Company will be able to raise any capital through any type of offering.

MISSTATEMENT OF PRIOR QUARTERS

MISSTATEMENT OF PRIOR QUARTERS FINANCIAL STATEMENTS	12 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
NOTE 3 - MISSTATEMENT OF PRIOR QUARTERS FINANCIAL STATEMENTS	During December 2014, the Company issued 13,000,000 shares of the Company’s common stock valued at $18,200,000 or $1.40 per share to compensate various consultants for services to the Company. In-addition during the quarter ending March 31, 2015, some minor adjustments impacting cash and current liabilities were not recorded in the accounting records. The recording of the stock based compensation and other minor entries were inadvertently omitted from the previously filed Form 10Qs for the three and six months ended December 31, 2014 and the nine months ended March 31, 2015. The Company has recorded the misstatements as of June 30, 2015 in the accompanying balance sheet and statement of operations. The Company is a start-up entity with no revenues and limited resources. The misstatement of stock based compensation is a non-cash item and the other adjustments are not material, which the Company does not believe impacts the quality of the financial statements. The impact on basic and diluted loss per share is $0.13 per share for the three and six months ended December 31, 2014 and the nine months ended March 31, 2015. In accordance with FN76 - FASB Concepts Statement No. 2, Qualitative Characteristics of Accounting Information, the Company’s position is there is a low probability that the judgment of a reasonable person relying upon the financial statements and notes would have been changed or influenced by the correction of the misstatement. We have not amended and do not intend to amend any of our previously filed Quarterly Reports for the periods affected by the misstatement. The following is the impact of the misstatements on the previously filed quarterly reports for the nine months ended March 31, 2015. Balance Sheets (Unaudited) Quarter ended Dec. 31, 2014 Mar. 31, 2015 Cash Previous reported $ 295 $ 295 Adjustment - 1,551 Total $ 295 $ 1,846 Total Assets $ 295 $ 1,846 Liabilities and Stockholders' Deficit Current Liabilities Previous reported $ 413,815 $ 462,909 Adjustment - 1,636 Total $ 413,815 $ 464,545 Stockholders' Deficit: Common stock Previous reported $ 135,000 $ 135,000 Adjustment 13,000 13,000 Total $ 148,000 $ 148,000 Additional paid in capital Previous reported $ (24,500 ) $ (24,500 ) Adjustment 18,187,000 18,187,000 Total $ 18,162,500 $ 18,162,500 Accumulated deficit Previous reported $ (524,020 ) $ (573,114 ) Adjustment (18,200,000 ) (18,200,085 ) Total $ (18,724,020 ) $ (18,773,199 ) Total stockholders' deficit Previous reported $ (413,520 ) $ (462,614 ) Adjustment - (85 ) Total $ (413,520 ) $ (462,699 ) Total Liabilities and Stockholders' Deficit $ 295 $ 1,846 Statements of Operations (unaudited) Three Six Three Nine Months Ended Months Ended Months Ended Months Ended Dec. 31, 2014 Dec. 31, 2014 Mar. 31, 2015 Mar. 31, 2015 Total operating expenses Previous reported $ 60,711 $ 113,509 $ 49,095 $ 162,604 Adjustment 18,200,000 18,200,000 85 18,200,085 Total $ 18,260,711 $ 18,313,509 $ 49,180 $ 18,362,689 Net loss Previous reported $ (60,711 ) $ (113,509 ) $ (49,095 ) $ (162,604 ) Adjustment (18,200,000 ) (18,200,000 ) (85 ) (18,200,085 ) Total $ (18,260,711 ) $ (18,313,509 ) $ (49,180 ) $ (18,362,689 ) Basic and diluted income (loss) per share as reported $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) Weighted average number of common shares outstanding - basic and diluted as reported 135,000,000 135,000,000 135,000,000 135,000,000 Basic and diluted income (loss) per share as adjusted $ (0.13 ) $ (0.13 ) $ (0.00 ) $ (0.13 ) Weighted average number of common shares outstanding - basic and diluted as adjusted 138,250,000 136,625,000 148,000,000 140,361,314

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
NOTE 4 - RELATED PARTY TRANSACTIONS	As of June 30, 2016 and 2015, there are loans from a shareholder totaling $65,899 and $65,830 respectively. These advances are unsecured, due on demand and carry no interest or collateral. On February 1, 2015, the Company entered into a 24 month consulting agreement extension with William Drury, an Officer of the Company and WICAWIBE LLC. 297 President Street, Brooklyn, NY 11231. The agreement expires on January 31, 2017 and the monthly fee is $15,000. Mr. Drury has agreed to defer payment of said fees until the Company receives additional operating capital or upon completion of the extended agreement. As of June 30, 2016 and 2015, the accrued expense was $615,000 and $435,000, respectively. During the twelve months ended June 30, 2016 and 2015, the Company incurred $180,000 in consulting expense, pursuant to the consulting agreement. The officer of the Company could become involved in other business activities as they become available. This could create a conflict between the Company and the other business interests. The Company has not formulated a policy for the resolution of such a conflict should one arise.

PROVISION FOR INCOME TAXES

PROVISION FOR INCOME TAXES	12 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
NOTE 5 - PROVISION FOR INCOME TAXES	Deferred income taxes are determined using the liability method for the temporary differences between the financial reporting basis and income tax basis of the Company's assets and liabilities. Deferred income taxes are measured based on the tax rates expected to be in effect when the temporary differences are included in the Company's tax return. Deferred tax assets and liabilities are recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. The provision for refundable federal income tax consists of the following for the 12 months ending: June 30, 2016 June 30, 2015 Federal income tax benefit attributable to: Net operating loss $ 64,730 $ 6,259,576 Less, valuation allowance (64,730 ) (6,259,576 ) Net benefit $ - $ - The cumulative tax effect at the expected rate of 34% on the net deferred tax amount is as follows: June 30, 2016 June 30, 2015 Deferred tax attributed: Deferred tax benefits $ 6,463,879 $ 6,399,150 Less valuation allowance (6,463,879 ) (6,399,150 ) Net Deferred Tax Asset $ - $ - At June 30, 2016 and 2015, the Company had a net operating loss ("NOL's") carry forward in the amount of $18,821,029 and $19,011,410, respectively, available to offset future taxable income. The Company established valuation allowances equal to the full amount of the deferred tax assets due to the uncertainty of the utilization of the operating losses in future periods. The Company has not filed its federal tax returns since inception and therefore, the NOL's will not be available to offset future taxable income until the tax returns are filed with the respective federal tax authorities. A reconciliation of the Company's effective tax rate as a percentage of income before taxes and federal statutory rate for the periods ended June 30, 2016 and 2015 is summarized below. 2016 2015 Federal statutory rate (34.0 )% (34.0 )% State income taxes, net of federal benefits 0.0 0.0 Valuation allowance 34.0 % 34.0 %

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS	12 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
NOTE 6 - EQUITY TRANSACTIONS	During December 2014, a consultant was granted 5,000,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $7,000,000 or $1.40 per share. The shares were issued on December 8, 2014. During December 2014, a consultant was granted 200,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $280,000 or $1.40 per share. The shares were issued on December 8, 2014. During December 2014, a consultant was granted 3,700,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $5,180,000 or $1.40 per share. The shares were issued on December 8, 2014. During December 2014, a consultant was granted 100,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $140,000 or $1.40 per share. The shares were issued on December 8, 2014. During December 2014, a consultant was granted 3,100,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $4,340,000 or $1.40 per share. The shares were issued on December 8, 2014. During December 2014, a consultant was granted 200,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $280,000 or $1.40 per share. The shares were issued on December 8, 2014. During December 2014, a consultant was granted 200,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $280,000 or $1.40 per share. The shares were issued on December 8, 2014. During December 2014, a consultant was granted 200,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $280,000 or $1.40 per share. The shares were issued on December 8, 2014. During December 2014, a consultant was granted 200,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $280,000 or $1.40 per share. The shares were issued on December 8, 2014. During December 2014, a consultant was granted 100,000 unregistered shares of the Company’s common stock for services to the Company. The shares were valued at $140,000 or $1.40 per share. The shares were issued on December 8, 2014. As of June 30, 2016 there are 256,000,000 shares of common stock at par value of $0.001 per share authorized and 148,000,000 issued and outstanding.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
NOTE 7 - SUBSEQUENT EVENTS	During September 2016, the Company elected to cease all mining activities and focus on a new business model which provides quality eye lash services to customers. On September 19, 2016, the shareholders of Company approved an increase to the number of authorized shares from 256,000,000 shares to 500,000,000 shares and added 25,000,000 shares of (“blank check”) preferred stock, par value $0.001 per share. The board of directors of the Company is authorized to provide for the issuance of preferred stock in series, to establish the number of shares to be included in each series, and to fix the designation, powers, preference and rights to the shares of each series and any qualifications, limitations or other restrictions. The Company filed a Certificate of Amendment with the State of Nevada, effective on September 28, 2016, increasing the number of authorized shares from 256,000,000 shares to 500,000,000 shares and adding a new class of 25,000,000 shares of (“blank check”) preferred stock, par value $0.001 per share. On September 19, 2016, the shareholders of Company approved the sale of 159,000,000 shares of the Company common stock for $0.003144654 per share for an aggregate of $50,000 to Amber Finney, the Company’s president. On November 2, 2016, the Company issued 159,000,000 shares to Ms. Finney to settle the obligation. On September 28, 2016, William Drury resigned as President, Treasurer and director of the Company. Mr. Drury remains the Company’s Secretary. On October 2, 2016, the board of directors accepted the resignation of Mr. Drury and approved a settlement agreement dated September 29, 2016, which provides a payment of $50,000 in cash and $50,000 in the Company’s common stock to release the Company from all possible claims of accrued salary, independent contractor fees, expense and cost owed to Mr. Drury. As stated in the settlement agreement, $46,500 was paid directly to Mr. Drury on October 5, 2016 and the remaining $3,500 paid directly to an attorney for the legal fees related to the settlement agreement. The shares of the Company’s common stock are issuable to Mr. Drury in increments of 250,000 shares. Mr. Drury will continue to be issued 250,000 until he is able to garner $50,000 by selling the shares in the over-the-counter market or an exchange (as defined under the securities act of 1933, as amended). On October 24, 2016, the Company issued 1,000,000 shares of the Company’s common stock to Mr. Drury to partially settle the $50,000 common stock obligation. As a result of the settlement, the Company wrote-off liabilities of approximately $675,000 related to Mr. Drury to the statement of operations during the three months ended September 30, 2016. On September 28, 2016, Amber Finney was appointed as President, Treasurer and director of the Company. On October 17, 2016, the shareholders of Cassidy Ventures Inc., approved a name change and approved a 1-for-70 reverse split. Thereafter, Cassidy Ventures Inc. filed a Certificate of Amendment with the State of Nevada, effective on October 19, 2016, changing its name to “Lash, Inc.” and the contemplated 1-for-70 reverse split. On October 28, 2016 and in accordance with SEC Rule 10b-17 and FINRA Rule 6490, the Company submitted documents and other information to FINRA in furtherance of pursuing and obtaining approval of the subject reverse stock split. The Company must submit additional documents requested by, and necessary to obtain approval of, FINRA in connection with the subject reverse stock split. As of January XX, 2017, the reverse has not been declared effective.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2016
Summary Of Significant Accounting Policies Policies
Use Of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company provides estimates for its common stock valuations and valuation allowances for deferred taxes.
Cash Flow Reporting	The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method ("Indirect method") as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments.
Cash and Cash Equivalents	The Company considers all highly liquid debt instruments and other short-term investments with maturity of three months or less, when purchased, to be cash equivalents. There were no cash equivalents as of June 30, 2016 and 2015. Cash and cash equivalents deposited with financial institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company did not hold cash in excess of FDIC insurance coverage at a financial institution as of June 30, 2016 and 2015.
Basic Earnings (loss) per Share	The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. Basic net earnings (loss) per share amounts are computed by dividing the net earnings (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.
Fair Value Measurements	In September 2006, the FASB issued ASC 820 (previously SFAS 157) which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The provisions of ASC 820 were effective January 1, 2008. As defined in ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observations of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The three levels of the fair value hierarchy defined by ASC 820 are as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars. Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.
Income Taxes	The Company accounts for income taxes utilizing the liability method of accounting. Under the liability method, deferred taxes are determined based on differences between financial statement and tax bases of assets and liabilities at enacted tax rates in effect in years in which differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to amounts that are expected to be realized. The Company follows ASC 740-10, “Accounting for Uncertainty in Income Taxes” (“ASC 740-10”). This interpretation requires recognition and measurement of uncertain income tax positions using a “more-likely-than-not” approach. ASC 740-10 is effective for fiscal years beginning after December 15, 2006. Management has adopted ASC 740-10 for 2007, and they evaluate their tax positions on an annual basis, and have determined that as of June 30, 2016, no additional accrual for income taxes is necessary. The Company’s policy is to recognize both interest and penalties related to unrecognized tax benefits expected to result in payment of cash within one year are classified as accrued liabilities, while those expected beyond one year are classified as other liabilities. The Company has not recorded any interest or penalties since its inception. The Company intends to file income tax returns in the U.S. federal tax jurisdiction and various state tax jurisdictions. The tax years for 2010 to 2015 remain open for examination by federal and/or state tax jurisdictions. The Company is currently not under examination by any other tax jurisdictions for any tax year.
Going Concern	These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since inception resulting in an accumulated deficit of $19,011,410 at June 30, 2016 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or private placement of common stock. There is no guarantee that the Company will be able to raise any capital through any type of offering.

MISSTATEMENT OF PRIOR QUARTER15

MISSTATEMENT OF PRIOR QUARTERS FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Jun. 30, 2016
Misstatement Of Prior Quarters Financial Statements Tables
Balance sheet	Balance Sheets (Unaudited) Quarter ended Dec. 31, 2014 Mar. 31, 2015 Cash Previous reported $ 295 $ 295 Adjustment - 1,551 Total $ 295 $ 1,846 Total Assets $ 295 $ 1,846 Liabilities and Stockholders' Deficit Current Liabilities Previous reported $ 413,815 $ 462,909 Adjustment - 1,636 Total $ 413,815 $ 464,545 Stockholders' Deficit: Common stock Previous reported $ 135,000 $ 135,000 Adjustment 13,000 13,000 Total $ 148,000 $ 148,000 Additional paid in capital Previous reported $ (24,500 ) $ (24,500 ) Adjustment 18,187,000 18,187,000 Total $ 18,162,500 $ 18,162,500 Accumulated deficit Previous reported $ (524,020 ) $ (573,114 ) Adjustment (18,200,000 ) (18,200,085 ) Total $ (18,724,020 ) $ (18,773,199 ) Total stockholders' deficit Previous reported $ (413,520 ) $ (462,614 ) Adjustment - (85 ) Total $ (413,520 ) $ (462,699 ) Total Liabilities and Stockholders' Deficit $ 295 $ 1,846
Statement of operation	Statements of Operations (unaudited) Three Six Three Nine Months Ended Months Ended Months Ended Months Ended Dec. 31, 2014 Dec. 31, 2014 Mar. 31, 2015 Mar. 31, 2015 Total operating expenses Previous reported $ 60,711 $ 113,509 $ 49,095 $ 162,604 Adjustment 18,200,000 18,200,000 85 18,200,085 Total $ 18,260,711 $ 18,313,509 $ 49,180 $ 18,362,689 Net loss Previous reported $ (60,711 ) $ (113,509 ) $ (49,095 ) $ (162,604 ) Adjustment (18,200,000 ) (18,200,000 ) (85 ) (18,200,085 ) Total $ (18,260,711 ) $ (18,313,509 ) $ (49,180 ) $ (18,362,689 ) Basic and diluted income (loss) per share as reported $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 ) Weighted average number of common shares outstanding - basic and diluted as reported 135,000,000 135,000,000 135,000,000 135,000,000 Basic and diluted income (loss) per share as adjusted $ (0.13 ) $ (0.13 ) $ (0.00 ) $ (0.13 ) Weighted average number of common shares outstanding - basic and diluted as adjusted 138,250,000 136,625,000 148,000,000 140,361,314

PROVISION FOR INCOME TAXES (Tab

PROVISION FOR INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2016
Provision For Income Taxes Tables
Schedule of income tax benefit	June 30, 2016 June 30, 2015 Federal income tax benefit attributable to: Net operating loss $ 64,730 $ 6,259,576 Less, valuation allowance (64,730 ) (6,259,576 ) Net benefit $ - $ -
Schedule of deferred tax asset	June 30, 2016 June 30, 2015 Deferred tax attributed: Deferred tax benefits $ 6,463,879 $ 6,399,150 Less valuation allowance (6,463,879 ) (6,399,150 ) Net Deferred Tax Asset $ - $ -
Schedule of effective income tax rate	2016 2015 Federal statutory rate (34.0 )% (34.0 )% State income taxes, net of federal benefits 0.0 0.0 Valuation allowance 34.0 % 34.0 %

ORGANIZATION AND DESCRIPTION 17

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	12 Months Ended
	Jun. 30, 2016
Organization And Description Of Business Details Narrative
State of incorporation	State of Nevada
Date of incorporation	Sep. 14, 2009

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Summary Of Significant Accounting Policies Policies
Accumulated deficit	$ (19,011,410)	$ (18,821,029)	$ (18,773,199)	$ (18,724,020)

MISSTATEMENT OF PRIOR QUARTER19

MISSTATEMENT OF PRIOR QUARTERS FINANCIAL STATEMENTS (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014
Total Cash		$ 86	$ 1,846	$ 295
Total Assets	0	86	1,846	295
Total Current liability	700,910	510,615	464,545	413,815
Total Common Stock	148,000	148,000	148,000	148,000
Total Additional paid in capital	18,162,500	18,162,500	18,162,500	18,162,500
Total Accumulated deficit	(19,011,410)	(18,821,029)	(18,773,199)	(18,724,020)
Total Stockholders' deficit	(700,910)	(510,529)	(462,699)	(413,520)	$ (300,011)
Total Liabilities and Stockholders' Deficit	$ 0	$ 86	1,846	295
Previously Reported [Member]
Total Cash			295	295
Total Current liability			462,909	413,815
Total Common Stock			135,000	135,000
Total Additional paid in capital			(24,500)	(24,500)
Total Accumulated deficit			(573,114)	(524,020)
Total Stockholders' deficit			(462,614)	(413,520)
Adjustment [Member]
Total Cash			1,551
Total Current liability			1,636
Total Common Stock			13,000	13,000
Total Additional paid in capital			18,187,000	18,187,000
Total Accumulated deficit			(18,200,085)	(18,200,000)
Total Stockholders' deficit			$ (85)

MISSTATEMENT OF PRIOR QUARTER20

MISSTATEMENT OF PRIOR QUARTERS FINANCIAL STATEMENTS (Details 1) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2014	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015
Total operating expenses
Total	$ 49,180	$ 18,260,711	$ 18,313,509	$ 18,362,689	$ 190,381	$ 18,410,518
Net loss
Total	(49,180)	$ (18,260,711)	$ (18,313,509)	$ (18,362,689)	$ (190,381)	$ (18,410,518)
Basic and diluted income (loss) per share		$ 0.13	$ 0.13	$ 0.13	$ 0	$ (0.13)
Weighted average number of common shares outstanding - basic and diluted					148,000,000	142,265,753
Previously Reported [Member]
Total operating expenses
Total	49,095	$ 60,711	$ 113,509	$ 162,604
Net loss
Total	$ (49,095)	$ (60,711)	$ (113,509)	$ (162,604)
Basic and diluted income (loss) per share	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding - basic and diluted	135,000,000	135,000,000	135,000,000	135,000,000
Adjustment [Member]
Total operating expenses
Total	$ 85	$ 18,200,000	$ 18,200,000	$ 18,200,085
Net loss
Total	$ (85)	$ (18,200,000)	$ (18,200,000)	$ (18,200,085)
Basic and diluted income (loss) per share	$ 0	$ (0.13)	$ (0.13)	$ (0.13)
Weighted average number of common shares outstanding - basic and diluted	148,000,000	138,250,000	136,625,000	140,361,314

MISSTATEMENT OF PRIOR QUARTER21

MISSTATEMENT OF PRIOR QUARTERS FINANCIAL STATEMENTS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015
Misstatement Of Prior Quarters Financial Statements Details Narrative
Common Stock, Issued	13,000,000	13,000,000	13,000,000		148,000,000	148,000,000
Proceeds From Issuance Of Common Stock	$ 18,200,000
Common stock value per share	$ 1.40	$ 1.40	$ 1.40
Basic and diluted loss per share		$ 0.13	$ 0.13	$ 0.13	$ 0	$ (0.13)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Related Party Transactions Details Narrative
Shareholder advances	$ 65,899	$ 65,830
Accrued expenses-related party	615,000	435,000
Consulting fee expense	$ 180,000	$ 180,000
Agreement expiry date	Jan. 31, 2017
Consulting agreement term	24 months

PROVISION FOR INCOME TAXES (Det

PROVISION FOR INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Federal income tax benefit attributable to:
Net operating loss	$ 64,730	$ 6,259,576
Less, valuation allowance	(64,730)	$ (6,259,576)
Net benefit

PROVISION FOR INCOME TAXES (D24

PROVISION FOR INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Deferred tax attributed:
Deferred tax benefits	$ 6,463,879	$ 6,399,150
Less valuation allowance	(6,463,879)	(6,399,150)
Net Deferred Tax Asset

PROVISION FOR INCOME TAXES (D25

PROVISION FOR INCOME TAXES (Details 2)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Provision For Income Taxes Details 2
Federal statutory rate	(34.00%)	(34.00%)
State income taxes, net of federal benefits	0.00%	0.00%
Valuation allowance	34.00%	34.00%

PROVISION FOR INCOME TAXES (D26

PROVISION FOR INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Provision For Income Taxes Details Narrative
Cumulative tax expected rate	34.00%
Net operating loss carry forward	$ 18,821,029	$ 19,011,410

EQUITY TRANSACTIONS (Details Na

EQUITY TRANSACTIONS (Details Narrative) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 08, 2014
Common stock, value	$ 148,000	$ 148,000	$ 148,000	$ 148,000
Common stock value per share				$ 1.40
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	256,000,000	256,000,000
Common stock, issued	148,000,000	148,000,000		13,000,000
Common stock, outstanding	148,000,000	148,000,000
Common Stock [Member]
Unregistered shares granted					5,000,000
Common stock, value					$ 7,000,000
Common stock value per share					$ 1.40
Common Stock One [Member]
Unregistered shares granted					200,000
Common stock, value					$ 280,000
Common stock value per share					$ 1.40
Common Stock Two [Member]
Unregistered shares granted					3,700,000
Common stock, value					$ 5,180,000
Common stock value per share					$ 1.40
Common Stock Three [Member]
Unregistered shares granted					100,000
Common stock, value					$ 140,000
Common stock value per share					$ 1.40
Common Stock Four [Member]
Unregistered shares granted					3,100,000
Common stock, value					$ 4,340,000
Common stock value per share					$ 1.40
Common Stock Five [Member]
Unregistered shares granted					200,000
Common stock, value					$ 280,000
Common stock value per share					$ 1.40
Common Stock Six [Member]
Unregistered shares granted					200,000
Common stock, value					$ 280,000
Common stock value per share					$ 1.40
Common Stock Seven [Member]
Unregistered shares granted					200,000
Common stock, value					$ 280,000
Common stock value per share					$ 1.40
Common Stock Eight [Member]
Unregistered shares granted					200,000
Common stock, value					$ 280,000
Common stock value per share					$ 1.40
Common Stock Nine [Member]
Unregistered shares granted					100,000
Common stock, value					$ 140,000
Common stock value per share					$ 1.40

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Nov. 02, 2016	Oct. 05, 2016	Sep. 29, 2016	Sep. 28, 2016	Sep. 19, 2016	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Certificate of Amendment date	Sep. 28, 2016
State of incorporation	State of Nevada
Common stock, par value	$ 0.001						$ 0.001
Common stock, issued	148,000,000						148,000,000		13,000,000
Common stock, value	$ 148,000						$ 148,000	$ 148,000	$ 148,000
Settlement procedure	Mr. Drury will continue to be issued 250,000 until he is able to garner $50,000 by selling the shares in the over-the-counter market or an exchange (as defined under the securities act of 1933, as amended). On October 24, 2016, the Company issued 1,000,000 shares of the Company’s common stock to Mr. Drury to partially settle the $50,000 common stock obligation. As a result of the settlement, the Company wrote-off liabilities of approximately $675,000 related to Mr. Drury to the statement of operations during the three months ended September 30, 2016.
Reverse split	1-for-70
Subsequent Event [Member]
Preferred stock, authorized					256,000,000	256,000,000
Increase number of authorized shares					500,000,000	500,000,000
Added shares of preferred stock					25,000,000	25,000,000
Preferred stock, par value					$ 0.001	$ 0.001
Subsequent Event [Member] | Amber Finney [Member]
Approved shares of common stock						159,000,000
Common stock, par value						$ 0.003144654
Common stock, issued						50,000
Subsequent Event [Member] | Ms Finney [Member]
Common stock, issued		159,000,000
Subsequent Event [Member] | Mr. Drury [Member]
Cash settelement			$ 46,500	$ 50,000
Common stock, value				$ 50,000
Share increment			250,000
Legal settelement			$ 3,500