Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Jun. 30, 2015 | Oct. 28, 2015 | Dec. 31, 2014 | |
Document And Entity Information [Abstract] | |||
Entity Registrant Name | APPYEA, INC | ||
Entity Central Index Key | 1,568,969 | ||
Trading Symbol | apyp | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --06-30 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding | 52,029,203 | ||
Entity Public Float | $ 10,746,373 | ||
Document Type | 10-K | ||
Document Period End Date | Jun. 30, 2015 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2,015 | ||
Document Fiscal Period Focus | FY |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Current Assets: | ||
Cash and cash equivalents | $ 265 | $ 4,404 |
Accounts receivable | 339 | $ 11 |
Prepaid expenses | 1,498,483 | |
Total Current Assets | 1,499,087 | $ 4,415 |
Fixed assets (net of accumulated depreciation of $111,603 and $55,811, respectively) | 76,572 | 72,364 |
TOTAL ASSETS | 1,575,659 | 76,779 |
Current Liabilities: | ||
Accounts payable | 4,277 | 422 |
Derivative liabilities | 158,775 | |
Convertible loans, net of debt discounts | 56,065 | 30,037 |
Convertible loans, net of debt discounts - related parties | 17,571 | |
Total Current Liabilities | 236,688 | 30,459 |
Total Liabilities | $ 236,688 | $ 30,459 |
Commitments and Contingencies (Note 6) | ||
Stockholders' Equity: | ||
Convertible preferred stock, $0.0001 par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding at June 30, 2015 and 2014, respectively. | $ 500 | $ 500 |
Common stock, $0.0001 par value, 750,000,000 shares authorized, 37,847,163 and 34,512,660 shares issued and outstanding at June 30, 2015 and 2014, respectively | 3,784 | 3,451 |
Additional paid in capital | 2,474,909 | 162,221 |
Accumulated deficit | (1,140,222) | (119,852) |
Total Stockholders' Equity | 1,338,971 | 46,320 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 1,575,659 | $ 76,779 |
BALANCE SHEETS (Parentheticals)
BALANCE SHEETS (Parentheticals) - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Statement of Financial Position [Abstract] | ||
Accumulated depreciation of fixed assets (in dollars) | $ 111,603 | $ 55,811 |
Convertible preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Convertible preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Convertible preferred stock, shares issued | 5,000,000 | 5,000,000 |
Convertible preferred stock, shares outstanding | 5,000,000 | 5,000,000 |
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 750,000,000 | 750,000,000 |
Common stock, shares issued | 37,847,163 | 34,512,660 |
Common stock, shares outstanding | 37,847,163 | 34,512,660 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | ||
Income Statement [Abstract] | |||
Revenues | $ 4,030 | $ 7,680 | |
Cost of revenue | 1,000 | ||
Gross Profit | 3,030 | 7,680 | |
Operating Expenses | |||
Sales and marketing | 17,444 | 2,995 | |
Legal and professional fees | 783,145 | 48,905 | |
General and administrative | 20,949 | 12,200 | |
Depreciation | 55,792 | 42,052 | |
Total Operating Expenses | 877,330 | 106,152 | |
Loss from operations | (874,300) | (98,472) | |
Other Income (Expense) | |||
Change in value of derivative liabilities | (21,997) | ||
Interest expense, net | (125,338) | (3,110) | |
Gain on extinguishment of debt | 1,265 | ||
Net Other Expense | (146,070) | (3,110) | |
Net Loss | $ (1,020,370) | $ (101,582) | |
Net Loss Per Share: Basic and Diluted (in dollars per share) | $ (0.03) | $ 0 | [1] |
Weighted average number of Shares Outstanding: Basic and Diluted (in shares) | 35,152,681 | 34,495,739 | |
[1] | Denotes a loss of less than $(0.01) per share |
STATEMENTS OF CHANGES IN STOCKH
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) | Convertible preferred stock | Common stock | Additional paid-in capital | Accumulated Deficit | Total |
Balance at Jun. 30, 2013 | $ 500 | $ 3,449 | $ 146,473 | $ (18,270) | $ 132,152 |
Balance (in shares) at Jun. 30, 2013 | 5,000,000 | 34,491,660 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Common Stock Issued for Cash @ $0.75 per share | $ 2 | $ 15,748 | 15,750 | ||
Common Stock Issued for Cash @ $0.75 per share (in shares) | 21,000 | ||||
Net loss for the period | (101,582) | (101,582) | |||
Balance at Jun. 30, 2014 | $ 500 | $ 3,451 | $ 162,221 | $ (119,852) | 46,320 |
Balance (in shares) at Jun. 30, 2014 | 5,000,000 | 34,512,660 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Common Stock Issued for Cash @ $0.75 per share | $ 3 | 23,247 | 23,250 | ||
Common Stock Issued for Cash @ $0.75 per share (in shares) | 31,000 | ||||
Common Stock Issued for Consulting Services | $ 265 | 2,230,810 | 2,231,075 | ||
Common Stock Issued for Consulting Services (in shares) | 2,651,329 | ||||
Common Stock Issued for conversion of debt | $ 65 | $ 58,631 | 58,696 | ||
Common Stock Issued for conversion of debt (in shares) | 652,174 | ||||
Net loss for the period | $ (1,020,370) | (1,020,370) | |||
Balance at Jun. 30, 2015 | $ 500 | $ 3,784 | $ 2,474,909 | $ (1,140,222) | $ 1,338,971 |
Balance (in shares) at Jun. 30, 2015 | 5,000,000 | 37,847,163 |
STATEMENTS OF CHANGES IN STOCK6
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Statement of Stockholders' Equity [Abstract] | ||
Common stock issued for cash, price per share | $ 0.75 | $ 0.75 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (1,020,370) | $ (101,582) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation expense | 55,792 | 42,052 |
Consulting fees paid in stock | 736,592 | |
Amortization of debt discount | 85,069 | |
Origination interest on derivative liability | 31,202 | |
Gain on extinguishment of debt | (1,265) | |
Change in value of derivative liabilities | 21,997 | |
Changes in current assets and liabilities: | ||
Accounts receivable | (328) | 2,320 |
Prepaid expenses | (4,000) | 199 |
Accounts payable | 3,855 | (9,989) |
Accrued interest | 9,067 | 3,104 |
Net Cash Used in Operating Activities | $ (82,389) | (63,896) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of mobile application software | (6,000) | |
Net cash used in Investing Activities | (6,000) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Issuance of common stock for cash | $ 23,250 | 15,750 |
Deferred financing costs expensed (incurred) | 20,400 | |
Proceed of convertible notes payable | 57,000 | 10,000 |
Repayment of convertible notes payable | (2,000) | (3,000) |
Net cash provided by Financing Activities | 78,250 | 43,150 |
Net cash increase for period | (4,139) | (26,746) |
Cash at beginning of period | 4,404 | 31,150 |
Cash at end of period | $ 265 | $ 4,404 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Cash paid for income taxes | ||
Cash paid for interest | ||
NON CASH INVESTING AND FINANCING ACTIVITIES | ||
Purchase of fixed assets with debt | $ 60,000 | |
Issuance of common stock for services | $ 2,231,075 | |
Issuance of common stock for conversion of debt | 58,761 | |
Derivative liability recognized as debt discount | $ 146,037 | |
Derivative liability recognized as origination interest | $ 31,202 |
NATURE OF OPERATIONS
NATURE OF OPERATIONS | 12 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF OPERATIONS | 1. NATURE OF OPERATIONS AppYea, Inc. ("AppYea", "the Company", "we" or "us") was incorporated in the State of South Dakota on November 26, 2012 to engage in the acquisition, purchase, maintenance and creation of mobile software applications. The Company is in the development stage with no significant revenues and a limited operating history. The Company's common stock is traded on the OTC Markets (www.otcmarkets.com) under the symbol "APYP". The first day of trading on the OTC Markets was December 15, 2014. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company's year -end is June 30. Use of Estimates and Assumptions The preparation of financial statements in conformity with generally accepted accounting principles requires that management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Development Stage Company The Company is in the development stage as defined under the then current Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915-205 "Development-Stage Entities," and among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' equity and cash flows disclosed activity since the date of our inception (November 26, 2012) as a development stage company. Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has elected to early adopt these provisions and consequently these additional disclosures have not been included in these financial statements. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents. Fixed Assets The Company's fixed assets represent mobile applications that is has purchased and upgrades that it has made to these applications. These mobile applications and any upgrades are being amortized over their useful lives of 3 years. The Company also purchased a pre-owned vehicle. Due to the age of the vehicle, it is being amortized over the useful life of 3 years. Deferred Costs Offering costs with respect to issue of common stock, warrants or options by the Company are initially deferred and ultimately offset against the proceeds from these equity transactions if successful or expensed if the proposed equity transaction is unsuccessful. Financial Instruments Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. ASC 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. FASB ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method. The carrying values of cash, accounts receivable, prepaid expenses, accounts payable, accruals and convertible notes payable approximate their fair value due to the short-term maturities of these instruments. Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market or foreign currency risks. We evaluate all of our financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company used a Black Scholes valuation model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. Revenue Recognition The Company generates it revenue from the sale of its mobile software applications through online mobile applications stores. Revenue is recognized in accordance with Staff Accounting Bulletin ("SAB") No. 104, "Revenue Recognition", when the following criteria are met: persuasive evidence of an arrangement exists, delivery of the product has occurred, the fee is fixed or determinable, and collectability is probable. The Company has no remaining obligation to customers after the date on which its customers purchase its mobile software applications. Research and Development Costs Costs incurred in research and development activities are expensed as incurred. Advertising cost Advertising costs were expensed as incurred. Advertising costs of $17,444 and $2,995 were incurred during the year ended June 30, 2015 and 2014, respectively. Comprehensive Income (Loss) Comprehensive income is defined as all changes in stockholders' equity (deficit), exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. From the Company's Inception there were no differences between its comprehensive loss and net loss. Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740 "Income Taxes". Under FASB ASC 740, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial statement reported amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized. The provision for income taxes represents the tax expense for the period, if any, and the change during the period in deferred tax assets and liabilities. FASB ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under FASB ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. At June 30, 2015 and 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded. Basic and Diluted Net Income (Loss) per Share The Company computes net income (loss) per share in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. During the year ended June 30, 2015 and 2014, there were shares of convertible preferred stock outstanding and conversion privileges attached to convertible promissory notes payable. The common share equivalents of these securities have not been included in the calculations of loss per share because such inclusions would have an anti-dilutive effect as the Company has incurred losses during the year ended June 30, 2015 and 2014. Business Segments The Company believes that its activities for the periods presented herein comprised a single segment. 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 our financial statements. |
GOING CONCERN AND LIQUIDITY
GOING CONCERN AND LIQUIDITY | 12 Months Ended |
Jun. 30, 2015 | |
Going Concern And Liquidity [Abstract] | |
GOING CONCERN AND LIQUIDITY | 3. GOING CONCERN AND LIQUIDITY At June 30, 2015, the Company had cash of $265 and current liabilities of $236,688 and has accumulated deficit of $1,140,222. The Company anticipates future losses in its business. In our financial statements for the year ended June 30, 2015, the Report of the Independent Registered Public Accounting Firm includes an explanatory paragraph that describes substantial doubt about our ability to continue as a going concern. The Company's 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. There is no assurance that this series of events will be satisfactorily completed. |
PREPAID EXPENSES
PREPAID EXPENSES | 12 Months Ended |
Jun. 30, 2015 | |
Prepaid Expenses [Abstract] | |
PREPAID EXPENSES | 4. PREPAID EXPENSES At June 30, 2015 and 2014, prepaid expenses totaled $1,498,483 and $0, respectively; and consisted of the OTC Markets annual fee with a balance of $2,500 and consulting fees with a balance of $1,495,983. Consulting fees consisted of the following: Consulting fee On March 9, 2015, the Company entered into a consulting agreement with the Cicero Consulting Group, LLC for the term of 12 months, and automatically renew for an additional 12 months unless terminated by the Company. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 1,723,329 shares of restricted common stock at the current market price, as of March 9, 2015, of $1.02. As at June 30, 2015, the Company had recognized a prepaid expense of $1,171,864 to be expensed over the period from July 1, 2015 to March 8, 2016. In October 2015, the Company and Cicero Consulting Group, LLC agreed to terminate the agreement, and Cicero Consulting Group, LLC agreed to return and cancel the shares. On May 18, 2015, the Company entered into a consulting agreement with the SmallCapVoice.com, Inc. for the term of three months commencing on August 18, 2015. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid a monthly fee of $2,500 and a onetime issuance of 28,000 shares of restricted common stock at the current market price, as of May 18, 2015, of $0.51. As at June 30, 2015, the Company had recognized a prepaid expense of $9,177 to be expensed over the period from July 1, 2015 to August 18, 2015. |
FIXED ASSETS
FIXED ASSETS | 12 Months Ended |
Jun. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
FIXED ASSETS | 5. FIXED ASSETS As at June 30, 2015 and 2014, the balance of fixed assets represented a vehicle and mobile application software as follows: June 30, 2015 June 30, 2014 Mobile applications $ 179,870 $ 128,175 Automobile 8,305 - Fixed assets, gross 188,175 128,175 Accumulated depreciation (111,603 ) (55,811 ) Fixed assets, net $ 76,572 $ 72,364 During the year ended June 30, 2015, the Company purchased an automobile and certain mobile applications for $60,000, funded by way of loan on October 15, 2014 (Note 6). |
CONVERTIBLE LOANS
CONVERTIBLE LOANS | 12 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE LOANS | 6. CONVERTIBLE LOANS At June 30, 2015 and 2014, convertible loans consisted of the following: June 30, 2015 June 30, 2014 April 2013 Notes: Note 1 $ - $ 1,000 Note 2 14,000 15,000 January 2014 Note 10,000 10,000 October 2014 Note 30,000 - February 2015 Note 15,000 - March 2015 Note 10,000 - April 2015 Note 10,000 - Total notes payable 89,000 26,000 Accrued interest 10,762 4,037 Less: Debt discount (43,697 ) - Total convertible loans 56.065 30,037 Less: current portion of convertible loans (56,065 ) (30,037 ) Long-term convertible loans $ - $ - During the year ended June 30, 2015 and 2014, the Company recognized interest expense of $6,717 and $3,110 and amortization of discount of $69,270 and $0, respectively. April 2013 Note - 1 On April 2, 2013, as part of its acquisition of the theme park wait time mobile application, the Company agreed to pay $15,000 on a deferred basis at a rate of 20% of the net receipts from the theme park wait time mobile application. On May 24, 2013, $10,000 of the $15,000 deferred purchase consideration payable at a rate of 20% of the net receipts from the theme park wait time mobile application was converted into 20,000 shares of the Company's common stock. On May 29, 2013, $1,000 of the remaining $5,000 was repaid in cash. During the period ended June 30, 2014, $3,000 of the remaining $4,000 balance was repaid in cash. April 2013 Note - 2 On April 2, 2013, the Company issued a $15,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carried an interest rate of 12% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 20 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. On July 24, 2014, the Company repaid $1,000 in respect of this convertible note payable leaving an outstanding principle balance of $14,000 in respect of the promissory note. As of June 30, 2015, the outstanding principal balance of the note was $14,000, the note had accrued interest of $3,927 and an unamortized debt discount of $7,092. Debt discount of $9,928 was amortized for the year ended June 30, 2015. January 2014 Note On January 9, 2014, the Company issued a $10,000 convertible promissory note payable. The unsecured convertible promissory note payable has a 12-month term and carries an interest rate of 8% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 60 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. October 2014 Note On October 15, 2014, as part of its acquisition of a social networking mobile application and a vehicle, the Company agreed to pay $60,000 on a deferred basis in a convertible promissory note payable for a term of 12 months and carried an interest rate of 7% per annum. The unsecured note payable is convertible at the option of the holder at a 45% discount to the lowest closing bid price for the Company's common stock during the 20 trading days immediately preceding the conversion date. The Company valued the conversion feature at the first day the shares were publicly quoted (December 15, 2014) at $62,415 using the Black Scholes valuation model. $60,702 of the value assigned to the derivative liability was recognized as a debt discount on the convertible debenture. The debt discount was recorded as a reduction (contra-liability) to the convertible debenture and is being amortized over the life of the convertible debenture. The balance of $1,713 of the value assigned to the derivative liability was recognized as origination interest on the derivative liability and expensed on the first day the shares became publicly traded. On June 16, 2015, the convertible note of $30,000 was converted into 652,174 common shares and the Company decreased debt discount of $10,500 and derivative liability of $40,461 and recognized gain on extinguishment of debt of $1,265 As of June 30, 2015, the outstanding principal balance of the note was $30,000, the note had accrued interest of $2,906 and an unamortized debt discount of $9,211. Debt discount of $40,991 was amortized for the year ended June 30, 2015. February 2015 Note On February 9, 2015, the Company issued a $15,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carried an interest rate of 12% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 60 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. The Company valued the conversion feature at the issue date (February 9, 2015) at $21,817 using the Black Scholes valuation model. $15,000 of the value assigned to the derivative liability was recognized as a debt discount on the convertible debenture. The debt discount was recorded as a reduction (contra-liability) to the convertible debenture and is being amortized over the life of the convertible debenture. The balance of $6,817 of the value assigned to the derivative liability was recognized as origination interest on the derivative liability and expensed on the issue date of the convertible note payable. March 2015 Note On March 13, 2015, the Company issued a $10,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carries an interest rate of 12% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 60 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. As of June 30, 2015, the outstanding principal balance of the note was $10,000, the note had accrued interest of $358 and an unamortized debt discount of $6,667. Debt discount of $3,333 was amortized for the year ended June 30, 2015. April 2015 Note On April 9, 2015, the Company issued a $10,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carries an interest rate of 12% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 30 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. As of June 30, 2015, the outstanding principal balance of the note was $10,000, the note had accrued interest of $270 and an unamortized debt discount of $7,500. Debt discount of $2,500 was amortized for the year ended June 30, 2015. |
CONVERTIBLE LOANS - RELATED PAR
CONVERTIBLE LOANS - RELATED PARTY | 12 Months Ended |
Jun. 30, 2015 | |
Convertible Loans Related Party [Abstract] | |
CONVERTIBLE LOANS - RELATED PARTY | 7. CONVERTIBLE LOANS – RELATED PARTY At June 30, 2015 and 2014, convertible loan – related party consisted of the following: June 30, 2015 June 30, 2014 October 2014 Note – Related party $ 22,000 $ - Accrued interest 2,342 Less: Debt discount (6,771 ) - Total 17,571 - Less: current portion of convertible loan (17,571 ) - Long-term convertible notes payable $ - $ - During the year ended June 30, 2015 and 2014, the Company recognized amortization of discount of $15,799 and $0, respectively. October 2014 Note – Related party On October 14, 2014, the Company issued a $22,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carried an interest rate of 15% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 60 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. As of June 30, 2015, the outstanding principal balance of the note was $22,000, the note had accrued interest of $2,342 and an unamortized debt discount of $6,771. Debt discount of $15,799 was amortized for the year ended June 30, 2015. |
DERIVATIVE LIABILITIES
DERIVATIVE LIABILITIES | 12 Months Ended |
Jun. 30, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE LIABILITIES | 8. DERIVATIVE LIABILITIES The Company analyzed the conversion option for derivative accounting consideration under ASC 815, Fair Value Assumptions Used in Accounting for Derivative Liabilities. ASC 815 requires we assess the fair market value of derivative liability at the end of each reporting period and recognize any change in the fair market value as other income or expense item. The Company determined our derivative liabilities to be a Level 2 fair value measurement and used the Black-Scholes pricing model to calculate the fair value as of June 30, 2015. The Black-Scholes model requires six basic data inputs: the exercise or strike price, time to expiration, the risk free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each convertible note is estimated using the Black-Scholes valuation model. The following weighted-average assumptions were used during the year ended June 30, 2015 and 2014: Year Ended June 30, 2015 Year Ended June 30, 2014 Expected term 0.29 - 1.00 years - Expected average volatility 108%-218 % - Expected dividend yield - - Risk-free interest rate 0.01%-0.25 % - At June 30, 2015, the estimated fair values of the liabilities measured on a recurring basis are as follows: Fair Value Measurements at June 30, 2015 Quoted Prices in Significant Other Significant Active Markets Observable Inputs Unobservable Inputs Balance at June 30, 2015 (Level 1) (Level 2) (Level 3) April 2013 - Note 2 $ 21,984 $ - $ 21,984 $ - January 2014 Note 13,707 - 13,707 - October 2014 Note 43,600 - 43,600 - February 2015 Note 21,648 - 21,648 - March 2015 Note 15,354 - 15,354 - April 2015 Note 15,662 - 15,662 - October 2014 Note - related party 26,820 - 26,820 - $ 158,775 $ - $ 158,775 $ - The following table summarizes the derivative liabilities included in the balance sheet at June 30, 2015 and 2014: Fair Value Measurements Using Significant Observable Inputs (Level 2) Balance - June 30, 2014 $ - Issuance of new derivatives 177,239 Settled on issuance of common stock (40,461 ) Change in fair value of the derivative 21,997 Balance - June 30, 2015 $ 158,775 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Jun. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | 9. COMMITMENTS AND CONTINGENCIES Leases and Long term Contracts The Company has not entered into any long term leases, contracts or commitments. Legal To the best of the Company's knowledge and belief, no legal proceedings are currently pending or threatened. Rent As of January 30, 2013, the Company leases office space at $200 per month with three-month terms, which shall be automatically extended for successive three-month periods unless there is the notice to cancel. The lease can be cancelled at any time by either party with 30 days’ notice prior to expiration of an applicable term. For the years ended June 30 2015 and 2014, the Company incurred $2,274 and $2,680, respectively. Consulting Agreements On March 9, 2015, the Company entered into a consulting agreement with the Cicero Consulting Group, LLC for the term of 12 months, and automatically renew for an additional 12 months unless terminated by the Company. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 1,723,329 shares of restricted common stock at the current market price, as of March 9, 2015, of $1.02. As at June 30, 2015, the Company had recognized a prepaid expense of $1,171,864 to be expensed over the period from July 1, 2015 to March 8, 2016. In October of 2015, the Company and Cicero Consulting Group, LLC agreed to terminate the agreement, and Cicero Consulting Group, LLC agreed to return and cancel the shares. On May 6, 2015, the Company entered into a consulting agreement with the Alex Consulting, Inc. for the term of one year or until the terms of this Agreement has been satisfied, whichever comes first. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 700,000 shares of restricted common stock at the current market price, as of May 6, 2015, of $0.51. As at June 30, 2015, the Company had recognized a prepaid expense of $314,942 to be expensed over the period from July 1, 2015 to May 5, 2016. On May 18, 2015, the Company entered into a consulting agreement with the SmallCapVoice.com, Inc. for the term of three months commencing on August 18, 2015. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid a monthly fee of $2,500 and a onetime issuance of 28,000 shares of restricted common stock at the current market price, as of May 18, 2015, of $0.51. As at June 30, 2015, the Company had recognized a prepaid expense of $9,177 to be expensed over the period from July 1, 2015 to August 18, 2015. On May 27, 2015, the Company entered into a consulting agreement with the KJS Investment. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 200,000 shares of restricted common stock at the current market price, as of May 27, 2015, of $0.51. The cost associated with this issuance was expensed on full during the year ended June 30, 2015. As at June 30, 2015 and 2014, the Company had recognized prepaid expenses of $1,498,483 and $0, respectively, in respective of the above consulting agreements. |
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY | 12 Months Ended |
Jun. 30, 2015 | |
Equity [Abstract] | |
SHAREHOLDERS' EQUITY | 10. SHAREHOLDERS' EQUITY Convertible Preferred Stock The Company is authorized to issue 5,000,000 shares of convertible preferred stock at a par value of $0.0001. A convertible preferred share is convertible into 100 shares of common stock and has the voting rights of 1,000 share of common stock. As at June 30, 2015 and 2014, 5,000,000 shares of the Company's convertible preferred stock were issued and outstanding. Common Stock The Company is authorized to issue 750,000,000 shares of common stock at a par value of $0.0001. In September 2014, the Company issued 20,000 shares of common stock, at $0.75 per share, to one investor, for cash consideration of $15,000; and 3,000 shares of common stock, at $0.75 per share, to a second investor, for cash consideration of $2,250. In March 2015, the Company issued 1,723,329 shares of common stock to the Cicero Consulting Group, LLC in exchange for a consulting agreement for the term of 12 months, with the option to automatically renew for an additional 12 months, unless terminated by the Company. In October of 2015, the Company and Cicero Consulting Group, LLC agreed to terminate the agreement, and Cicero Consulting Group, LLC agreed to return and cancel the shares. In March 2015, the Company issued 4,000 shares of common stock, at $0.75 per share, to an investor, for cash consideration of $3,000; and 4,000 shares of common stock, at $0.75 per share, to another investor, for cash consideration of $3,000. In May 2015, the Company issued 700,000 shares of common stock, at$0.51 per share, to Alex Consulting, Inc., 28,000 shares of common stock, at$0.51 per share, to KJS Investment Corporation and 200,000 shares of common stock, at$0.51 per share, to SmallCapVoice.co, Inc. in exchange for a consulting agreement. In June 2015, $30,000 of the principal amount of the promissory note was converted into 652,174 shares of common stock, at$0.09 per share, pursuant to the conversion of the Note. As at June 30, 2015 and 2014, 37,847,163 and 34,512,660 shares of the Company's common stock were issued and outstanding, respectively. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Jun. 30, 2015 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | 11. RELATED PARTY TRANSACTIONS The President of the Company provides management and office premises to the Company for no compensation. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | 12. INCOME TAXES The Company follows ASC 740. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward has been recognized, as it is not deemed likely to be realized. The provision for refundable federal income tax at 34% consists of the following for the periods ending: June 30, 2015 June 30, 2014 Federal income tax benefit attributed to: Net operating loss $ 346,926 $ 34,538 Valuation (346,926 ) (34,538 ) Net benefit $ - $ - The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: June 30, 2015 June 30, 2014 Deferred tax attributed: Net operating loss carryover $ 387,676 $ 40,750 Less: change in valuation allowance (387,676 ) (40,750 ) Net deferred tax asset $ - $ - At June 30, 2015 the Company had an unused net operating loss carry-forward approximating $1,140,222 that is available to offset future taxable income; the loss carry-forward will start to expire in 2033. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Jun. 30, 2015 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | 13. SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date of the issuance of these audited financial statements and the Company did not have any material recognizable subsequent events, except as follows: Subsequent to June 30, 2015, the Company issued and cancelled the following common stock: · Issued 2,800,000 shares of common stock in exchange for services. · Issued 13,105,375 shares of common stock for conversion of convertible loans with principal and accrued interest balances of $59,042. · Cancelled 1,723,329 shares of common stock, previously issued |
SUMMARY OF SIGNIFICANT ACCOUN21
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company's year -end is June 30. |
Use of Estimates and Assumptions | Use of Estimates and Assumptions The preparation of financial statements in conformity with generally accepted accounting principles requires that management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. |
Development Stage Company | Development Stage Company The Company is in the development stage as defined under the then current Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915-205 "Development-Stage Entities," and among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' equity and cash flows disclosed activity since the date of our inception (November 26, 2012) as a development stage company. Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has elected to early adopt these provisions and consequently these additional disclosures have not been included in these financial statements. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents. |
Fixed Assets | Fixed Assets The Company's fixed assets represent mobile applications that is has purchased and upgrades that it has made to these applications. These mobile applications and any upgrades are being amortized over their useful lives of 3 years. The Company also purchased a pre-owned vehicle. Due to the age of the vehicle, it is being amortized over the useful life of 3 years. |
Deferred Costs | Deferred Costs Offering costs with respect to issue of common stock, warrants or options by the Company are initially deferred and ultimately offset against the proceeds from these equity transactions if successful or expensed if the proposed equity transaction is unsuccessful. |
Financial Instruments | Financial Instruments Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. ASC 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. FASB ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method. The carrying values of cash, accounts receivable, prepaid expenses, accounts payable, accruals and convertible notes payable approximate their fair value due to the short-term maturities of these instruments. |
Derivative Financial Instruments | Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market or foreign currency risks. We evaluate all of our financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company used a Black Scholes valuation model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. |
Revenue Recognition | Revenue Recognition The Company generates it revenue from the sale of its mobile software applications through online mobile applications stores. Revenue is recognized in accordance with Staff Accounting Bulletin ("SAB") No. 104, "Revenue Recognition", when the following criteria are met: persuasive evidence of an arrangement exists, delivery of the product has occurred, the fee is fixed or determinable, and collectability is probable. The Company has no remaining obligation to customers after the date on which its customers purchase its mobile software applications. |
Research and Development Costs | Research and Development Costs Costs incurred in research and development activities are expensed as incurred. |
Advertising cost | Advertising cost Advertising costs were expensed as incurred. Advertising costs of $17,444 and $2,995 were incurred during the year ended June 30, 2015 and 2014, respectively. |
Comprehensive Income (Loss) | Comprehensive Income (Loss) Comprehensive income is defined as all changes in stockholders' equity (deficit), exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. From the Company's Inception there were no differences between its comprehensive loss and net loss. |
Income Taxes | Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740 "Income Taxes". Under FASB ASC 740, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial statement reported amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized. The provision for income taxes represents the tax expense for the period, if any, and the change during the period in deferred tax assets and liabilities. FASB ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under FASB ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. At June 30, 2015 and 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded. |
Basic and Diluted Net Income (Loss) per Share | Basic and Diluted Net Income (Loss) per Share The Company computes net income (loss) per share in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. During the year ended June 30, 2015 and 2014, there were shares of convertible preferred stock outstanding and conversion privileges attached to convertible promissory notes payable. The common share equivalents of these securities have not been included in the calculations of loss per share because such inclusions would have an anti-dilutive effect as the Company has incurred losses during the year ended June 30, 2015 and 2014. |
Business Segments | Business Segments The Company believes that its activities for the periods presented herein comprised a single segment. |
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 our financial statements. |
FIXED ASSETS (Tables)
FIXED ASSETS (Tables) | 12 Months Ended |
Jun. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Schedule of balance of fixed assets | June 30, 2015 June 30, 2014 Mobile applications $ 179,870 $ 128,175 Automobile 8,305 - Fixed assets, gross 188,175 128,175 Accumulated depreciation (111,603 ) (55,811 ) Fixed assets, net $ 76,572 $ 72,364 |
CONVERTIBLE LOANS (Tables)
CONVERTIBLE LOANS (Tables) | 12 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Schedule of convertible loans | June 30, 2015 June 30, 2014 April 2013 Notes: Note 1 $ - $ 1,000 Note 2 14,000 15,000 January 2014 Note 10,000 10,000 October 2014 Note 30,000 - February 2015 Note 15,000 - March 2015 Note 10,000 - April 2015 Note 10,000 - Total notes payable 89,000 26,000 Accrued interest 10,762 4,037 Less: Debt discount (43,697 ) - Total convertible loans 56.065 30,037 Less: current portion of convertible loans (56,065 ) (30,037 ) Long-term convertible loans $ - $ - |
CONVERTIBLE LOANS - RELATED P24
CONVERTIBLE LOANS - RELATED PARTY (Tables) | 12 Months Ended |
Jun. 30, 2015 | |
Convertible Loans Related Party [Abstract] | |
Schedule of convertible loan - related party | June 30, 2015 June 30, 2014 October 2014 Note – Related party $ 22,000 $ - Accrued interest 2,342 Less: Debt discount (6,771 ) - Total 17,571 - Less: current portion of convertible loan (17,571 ) - Long-term convertible notes payable $ - $ - |
DERIVATIVE LIABILITIES (Tables)
DERIVATIVE LIABILITIES (Tables) | 12 Months Ended |
Jun. 30, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of weighted-average assumptions used for options granted | Year Ended June 30, 2015 Year Ended June 30, 2014 Expected term 0.29 - 1.00 years - Expected average volatility 108%-218 % - Expected dividend yield - - Risk-free interest rate 0.01%-0.25 % - |
Schedule of estimated fair values of the liabilities measured on a recurring basis | Fair Value Measurements at June 30, 2015 Quoted Prices in Significant Other Significant Active Markets Observable Inputs Unobservable Inputs Balance at June 30, 2015 (Level 1) (Level 2) (Level 3) April 2013 - Note 2 $ 21,984 $ - $ 21,984 $ - January 2014 Note 13,707 - 13,707 - October 2014 Note 43,600 - 43,600 - February 2015 Note 21,648 - 21,648 - March 2015 Note 15,354 - 15,354 - April 2015 Note 15,662 - 15,662 - October 2014 Note - related party 26,820 - 26,820 - $ 158,775 $ - $ 158,775 $ - |
Schedule of derivative liabilities included in the balance sheet | Fair Value Measurements Using Significant Observable Inputs (Level 2) Balance - June 30, 2014 $ - Issuance of new derivatives 177,239 Settled on issuance of common stock (40,461 ) Change in fair value of the derivative 21,997 Balance - June 30, 2015 $ 158,775 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Schedule of provision for refundable federal income tax | June 30, 2015 June 30, 2014 Federal income tax benefit attributed to: Net operating loss $ 346,926 $ 34,538 Valuation (346,926 ) (34,538 ) Net benefit $ - $ - |
Schedule of net deferred tax amount | June 30, 2015 June 30, 2014 Deferred tax attributed: Net operating loss carryover $ 387,676 $ 40,750 Less: change in valuation allowance (387,676 ) (40,750 ) Net deferred tax asset $ - $ - |
SUMMARY OF SIGNIFICANT ACCOUN27
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Accounting Policies [Line Items] | ||
Advertising costs | $ 17,444 | $ 2,995 |
Mobile applications | ||
Accounting Policies [Line Items] | ||
Amortized period of useful lives for fixed assets | 3 years | |
Vehicle | ||
Accounting Policies [Line Items] | ||
Amortized period of useful lives for fixed assets | 3 years |
GOING CONCERN AND LIQUIDITY (De
GOING CONCERN AND LIQUIDITY (Detail Textuals) - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2013 |
Going Concern And Liquidity [Abstract] | |||
Cash | $ 265 | $ 4,404 | $ 31,150 |
Current liabilities | 236,688 | 30,459 | |
Accumulated deficit | $ (1,140,222) | $ (119,852) |
PREPAID EXPENSES (Detail Textua
PREPAID EXPENSES (Detail Textuals) - USD ($) | May. 06, 2015 | Mar. 09, 2015 | May. 18, 2015 | Jun. 30, 2015 | Jun. 30, 2014 |
Prepaid Expenses [Line Items] | |||||
Legal and professional fees | $ 783,145 | $ 48,905 | |||
Prepaid consulting fee expense | 1,495,983 | ||||
Prepaid expenses | 1,498,483 | ||||
OTC Markets annual fee | 2,500 | ||||
Consulting agreement | Cicero Consulting Group, LLC | |||||
Prepaid Expenses [Line Items] | |||||
Term of agreement | 12 months | ||||
Additional term of agreement | 12 months | ||||
Number of shares of restricted common stock issued as commencement fee | 1,723,329 | ||||
Current market price (in dollars per share) | $ 1.02 | ||||
Consulting agreement | Cicero Consulting Group, LLC | Period from July 1, 2015 to March 8, 2016 | |||||
Prepaid Expenses [Line Items] | |||||
Prepaid consulting fee expense | 1,171,864 | ||||
Consulting agreement | Alex consulting, Inc. | |||||
Prepaid Expenses [Line Items] | |||||
Term of agreement | 1 year | ||||
Number of shares of restricted common stock issued as commencement fee | 700,000 | ||||
Current market price (in dollars per share) | $ 0.51 | ||||
Consulting agreement | Alex consulting, Inc. | Period from July 1, 2015 to May 5, 2016 | |||||
Prepaid Expenses [Line Items] | |||||
Prepaid consulting fee expense | 314,942 | ||||
Consulting agreement | SmallCapVoice.co, Inc. | |||||
Prepaid Expenses [Line Items] | |||||
Term of agreement | 3 months | ||||
Legal and professional fees | $ 2,500 | ||||
Number of shares of restricted common stock issued as commencement fee | 200,000 | ||||
Current market price (in dollars per share) | $ 0.51 | ||||
Consulting agreement | SmallCapVoice.co, Inc. | Period from July 1, 2015 to August 18, 2015 | |||||
Prepaid Expenses [Line Items] | |||||
Prepaid consulting fee expense | $ 9,177 |
FIXED ASSETS - Fixed assets bal
FIXED ASSETS - Fixed assets balance of mobile application software (Details) - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | $ 188,175 | $ 128,175 |
Accumulated depreciation | (111,603) | (55,811) |
Fixed assets, net | 76,572 | 72,364 |
Mobile applications | ||
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | 179,870 | $ 128,175 |
Automobile | ||
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | $ 8,305 |
FIXED ASSETS (Detail Textuals)
FIXED ASSETS (Detail Textuals) - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Property, Plant and Equipment [Abstract] | ||
Purchase of fixed assets with debt | $ 60,000 | |
Depreciation expense | $ 55,792 | $ 42,052 |
CONVERTIBLE LOANS (Details)
CONVERTIBLE LOANS (Details) - USD ($) | Jun. 30, 2015 | Jun. 16, 2015 | Jun. 30, 2014 |
Short-term Debt [Line Items] | |||
Less: Debt discount | $ (43,697) | ||
Less: current portion of convertible loans | (56,065) | $ (30,037) | |
Convertible promissory note payable | |||
Short-term Debt [Line Items] | |||
Notes Payable, Current | 89,000 | 26,000 | |
Accrued interest for convertible promissory notes | 10,762 | $ 4,037 | |
Less: Debt discount | (43,697) | ||
Total convertible loans | 56,065 | $ 30,037 | |
Less: current portion of convertible loans | $ (56,065) | $ (30,037) | |
Long-term convertible loans | |||
Convertible promissory note payable | April 2013 Note - 1 | |||
Short-term Debt [Line Items] | |||
Notes Payable, Current | $ 1,000 | ||
Convertible promissory note payable | April 2013 Note - 2 | |||
Short-term Debt [Line Items] | |||
Notes Payable, Current | $ 14,000 | 15,000 | |
Accrued interest for convertible promissory notes | 3,020 | ||
Less: Debt discount | (17,020) | ||
Convertible promissory note payable | January 2014 Note | |||
Short-term Debt [Line Items] | |||
Notes Payable, Current | 10,000 | $ 10,000 | |
Accrued interest for convertible promissory notes | 745 | ||
Less: Debt discount | (10,745) | ||
Convertible promissory note payable | October 2014 Note | |||
Short-term Debt [Line Items] | |||
Notes Payable, Current | 30,000 | ||
Accrued interest for convertible promissory notes | 702 | ||
Less: Debt discount | (60,702) | $ (10,500) | |
Convertible promissory note payable | February 2015 Note | |||
Short-term Debt [Line Items] | |||
Notes Payable, Current | 15,000 | ||
Less: Debt discount | (15,000) | ||
Convertible promissory note payable | March 2015 Note | |||
Short-term Debt [Line Items] | |||
Notes Payable, Current | 10,000 | ||
Less: Debt discount | (10,000) | ||
Convertible promissory note payable | April 2015 Note | |||
Short-term Debt [Line Items] | |||
Notes Payable, Current | 10,000 | ||
Less: Debt discount | $ (10,000) |
CONVERTIBLE LOANS (Detail Textu
CONVERTIBLE LOANS (Detail Textuals) - USD ($) | Apr. 09, 2015 | Mar. 13, 2015 | Feb. 09, 2015 | Dec. 15, 2014 | Dec. 14, 2014 | Jun. 16, 2015 | Jul. 24, 2014 | May. 29, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | May. 24, 2013 |
Short-term Debt [Line Items] | |||||||||||
Debt discount | $ 43,697 | ||||||||||
Interest expense, net | 125,338 | $ 3,110 | |||||||||
Amortization of discount | 69,270 | $ 0 | |||||||||
Convertible loans outstanding | 89,000 | ||||||||||
Convertible promissory note payable | |||||||||||
Short-term Debt [Line Items] | |||||||||||
Debt discount | 43,697 | ||||||||||
Accrued interest | $ 10,762 | $ 4,037 | |||||||||
Number of common stock issued upon conversion of debt | 652,174 | ||||||||||
Convertible promissory note payable | Issue date, April 2, 2013 - Acquisition of theme park wait time mobile application | |||||||||||
Short-term Debt [Line Items] | |||||||||||
Deferred payment for acquisition | $ 5,000 | $ 15,000 | 4,000 | ||||||||
Percentage specified for deferred payment | 20.00% | ||||||||||
Deferred purchase consideration payable amount converted | $ 10,000 | ||||||||||
Number of shares issued on conversion of deferred purchase consideration payable | 20,000 | ||||||||||
Repayments of convertible debt in cash | $ 1,000 | $ 1,000 | $ 3,000 | ||||||||
Convertible promissory note payable | April 2013 Note - 2 | |||||||||||
Short-term Debt [Line Items] | |||||||||||
Convertible promissory note payable, issued | $ 15,000 | ||||||||||
Interest rate | 12.00% | ||||||||||
Discount percentage of lowest traded price | 50.00% | ||||||||||
Number of trading days for lowest traded price | 20 days | ||||||||||
Repayments of convertible debt in cash | $ 1,000 | ||||||||||
Outstanding principle balance of debt | $ 14,000 | $ 14,000 | |||||||||
Conversion features, value | $ 21,736 | ||||||||||
Valuation techniques | Black Scholes valuation model | ||||||||||
Debt discount | $ 17,020 | ||||||||||
Accrued interest | 3,020 | ||||||||||
Derivative liability | 4,716 | ||||||||||
Accrued interest on debt | 3,927 | ||||||||||
Unamortized debt discount | 7,092 | ||||||||||
Amortization of discount | 9,928 | ||||||||||
Convertible promissory note payable | January 2014 Note | |||||||||||
Short-term Debt [Line Items] | |||||||||||
Convertible promissory note payable, issued | $ 10,000 | ||||||||||
Debt instrument, term | 12 months | ||||||||||
Interest rate | 8.00% | ||||||||||
Discount percentage of lowest traded price | 50.00% | ||||||||||
Number of trading days for lowest traded price | 60 days | ||||||||||
Outstanding principle balance of debt | $ 10,000 | ||||||||||
Conversion features, value | $ 13,722 | ||||||||||
Valuation techniques | Black Scholes valuation model | ||||||||||
Debt discount | $ 10,745 | ||||||||||
Accrued interest | 745 | ||||||||||
Derivative liability | 2,977 | ||||||||||
Accrued interest on debt | 1,177 | ||||||||||
Unamortized debt discount | 4,477 | ||||||||||
Amortization of discount | 6,268 | ||||||||||
Convertible promissory note payable | October 2014 Note | |||||||||||
Short-term Debt [Line Items] | |||||||||||
Convertible promissory note payable, issued | $ 60,000 | ||||||||||
Debt instrument, term | 12 months | ||||||||||
Interest rate | 7.00% | ||||||||||
Discount percentage of lowest traded price | 45.00% | ||||||||||
Number of trading days for lowest traded price | 20 days | ||||||||||
Outstanding principle balance of debt | $ 30,000 | ||||||||||
Conversion features, value | $ 62,415 | ||||||||||
Debt discount | $ 10,500 | 60,702 | |||||||||
Accrued interest | 702 | ||||||||||
Derivative liability | 40,461 | 1,713 | |||||||||
Accrued interest on debt | 2,906 | ||||||||||
Debt instrument amount converted | $ 30,000 | 30,000 | |||||||||
Number of common stock issued upon conversion of debt | 652,174 | ||||||||||
Unamortized debt discount | 9,211 | ||||||||||
Amortization of discount | 40,991 | ||||||||||
Extinguishment of debt | $ 1,265 | ||||||||||
Convertible promissory note payable | February 2015 Note | |||||||||||
Short-term Debt [Line Items] | |||||||||||
Convertible promissory note payable, issued | $ 15,000 | ||||||||||
Interest rate | 12.00% | ||||||||||
Discount percentage of lowest traded price | 50.00% | ||||||||||
Number of trading days for lowest traded price | 60 days | ||||||||||
Outstanding principle balance of debt | $ 15,000 | ||||||||||
Conversion features, value | $ 21,817 | $ 6,250 | |||||||||
Valuation techniques | Black Scholes valuation model | ||||||||||
Debt discount | $ 15,000 | ||||||||||
Derivative liability | 6,817 | ||||||||||
Accrued interest on debt | 695 | ||||||||||
Unamortized debt discount | 8,750 | ||||||||||
Amortization of discount | 6,250 | ||||||||||
Convertible promissory note payable | March 2015 Note | |||||||||||
Short-term Debt [Line Items] | |||||||||||
Convertible promissory note payable, issued | $ 10,000 | ||||||||||
Interest rate | 12.00% | ||||||||||
Discount percentage of lowest traded price | 50.00% | ||||||||||
Number of trading days for lowest traded price | 60 days | ||||||||||
Outstanding principle balance of debt | $ 10,000 | ||||||||||
Conversion features, value | $ 14,552 | $ 3,333 | |||||||||
Valuation techniques | Black Scholes valuation model | ||||||||||
Debt discount | $ 10,000 | ||||||||||
Derivative liability | 4,552 | ||||||||||
Accrued interest on debt | 358 | ||||||||||
Unamortized debt discount | 6,667 | ||||||||||
Amortization of discount | 3,333 | ||||||||||
Convertible promissory note payable | April 2015 Note | |||||||||||
Short-term Debt [Line Items] | |||||||||||
Convertible promissory note payable, issued | $ 10,000 | ||||||||||
Interest rate | 12.00% | ||||||||||
Discount percentage of lowest traded price | 50.00% | ||||||||||
Number of trading days for lowest traded price | 30 days | ||||||||||
Outstanding principle balance of debt | $ 10,000 | ||||||||||
Conversion features, value | $ 16,215 | $ 2,500 | |||||||||
Valuation techniques | Black Scholes valuation model | ||||||||||
Debt discount | $ 10,000 | ||||||||||
Derivative liability | 6,215 | ||||||||||
Accrued interest on debt | 270 | ||||||||||
Unamortized debt discount | 7,500 | ||||||||||
Amortization of discount | $ 2,500 |
CONVERTIBLE LOANS - RELATED P34
CONVERTIBLE LOANS - RELATED PARTY (Details) - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Short-term Debt [Line Items] | ||
Accrued interest for convertible promissory notes | $ 2,342 | |
Less: Debt discount | (6,771) | |
Less: current portion of convertible loan | (17,571) | |
Convertible promissory note payable | Issue date, October 14, 2014 | ||
Short-term Debt [Line Items] | ||
October 2014 Note - Related party | 22,000 | |
Accrued interest for convertible promissory notes | 2,342 | |
Less: Debt discount | (6,771) | |
Total | 17,571 | |
Less: current portion of convertible loan | $ (17,571) | |
Long-term convertible notes payable |
CONVERTIBLE LOANS - RELATED P35
CONVERTIBLE LOANS - RELATED PARTY (Detail Textuals) - USD ($) | Dec. 15, 2014 | Jun. 30, 2015 | Jun. 30, 2014 |
Short-term Debt [Line Items] | |||
Debt discount | $ 43,697 | ||
Related party, convertible loans outstanding | 22,000 | ||
Accrued interest on related party debt | 2,342 | ||
Unamortized debt discount for related party convertible loans | 6,771 | ||
Amortization of debt discount of related party debt | 15,799 | $ 0 | |
Amortization of discount | 69,270 | $ 0 | |
Convertible promissory note payable | |||
Short-term Debt [Line Items] | |||
Debt discount | 43,697 | ||
Accrued interest | 10,762 | $ 4,037 | |
Convertible promissory note payable | Issue date, October 14, 2014 | |||
Short-term Debt [Line Items] | |||
Convertible promissory note payable, issued | $ 22,000 | ||
Interest rate | 15.00% | ||
Discount percentage of lowest traded price | 50.00% | ||
Number of trading days for lowest traded price | 60 days | ||
Conversion features, value | $ 26,782 | ||
Valuation techniques | Black Scholes valuation model | ||
Debt discount | $ 22,570 | ||
Accrued interest | 570 | ||
Derivative liability | 4,212 | ||
Accrued interest on related party debt | 2,342 | ||
Unamortized debt discount for related party convertible loans | 6,771 | ||
Amortization of discount | $ 15,799 |
DERIVATIVE LIABILITIES (Details
DERIVATIVE LIABILITIES (Details) | 12 Months Ended |
Jun. 30, 2015 | |
Derivative [Line Items] | |
Expected dividend yield | |
Minimum | |
Derivative [Line Items] | |
Expected term | 3 months 15 days |
Expected average volatility | 108.00% |
Risk-free interest rate | 0.01% |
Maximum | |
Derivative [Line Items] | |
Expected term | 1 year |
Expected average volatility | 218.00% |
Risk-free interest rate | 0.25% |
DERIVATIVE LIABILITIES (Detai37
DERIVATIVE LIABILITIES (Details 1) - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | $ 158,775 | |
Recurring basis | Estimated fair values | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 158,775 | |
Recurring basis | Estimated fair values | April 2013 Note - 2 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 21,984 | |
Recurring basis | Estimated fair values | January 2014 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 13,707 | |
Recurring basis | Estimated fair values | October 2014 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 43,600 | |
Recurring basis | Estimated fair values | February 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 21,648 | |
Recurring basis | Estimated fair values | March 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 15,354 | |
Recurring basis | Estimated fair values | April 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 15,662 | |
Recurring basis | Estimated fair values | October 2014 Note - related party | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | $ 26,820 | |
Recurring basis | Quoted Prices in Active Markets (Level 1) | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | April 2013 Note - 2 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | January 2014 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | October 2014 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | February 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | March 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | April 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | October 2014 Note - related party | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Other Observable Inputs (Level 2) | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | $ 158,775 | |
Recurring basis | Significant Other Observable Inputs (Level 2) | April 2013 Note - 2 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 21,984 | |
Recurring basis | Significant Other Observable Inputs (Level 2) | January 2014 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 13,707 | |
Recurring basis | Significant Other Observable Inputs (Level 2) | October 2014 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 43,600 | |
Recurring basis | Significant Other Observable Inputs (Level 2) | February 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 21,648 | |
Recurring basis | Significant Other Observable Inputs (Level 2) | March 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 15,354 | |
Recurring basis | Significant Other Observable Inputs (Level 2) | April 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 15,662 | |
Recurring basis | Significant Other Observable Inputs (Level 2) | October 2014 Note - related party | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | $ 26,820 | |
Recurring basis | Significant Unobservable Inputs (Level 3) | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Unobservable Inputs (Level 3) | April 2013 Note - 2 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Unobservable Inputs (Level 3) | January 2014 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Unobservable Inputs (Level 3) | October 2014 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Unobservable Inputs (Level 3) | February 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Unobservable Inputs (Level 3) | March 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Unobservable Inputs (Level 3) | April 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Unobservable Inputs (Level 3) | October 2014 Note - related party | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities |
DERIVATIVE LIABILITIES (Detai38
DERIVATIVE LIABILITIES (Details 2) | 12 Months Ended |
Jun. 30, 2015USD ($) | |
Derivatives, Fair Value [Line Items] | |
Change in value of derivative liabilities | $ 21,997 |
Balance | $ 158,775 |
Recurring basis | Significant Other Observable Inputs (Level 2) | |
Derivatives, Fair Value [Line Items] | |
Balance | |
Issuance of new derivatives | $ 177,239 |
Settled on issuance of common stock | (40,461) |
Change in value of derivative liabilities | 21,997 |
Balance | $ 158,775 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Detail Textuals) - USD ($) | May. 06, 2015 | Mar. 09, 2015 | May. 27, 2015 | May. 18, 2015 | Jan. 30, 2013 | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
Commitments And Contingencies Disclosure [Line Items] | ||||||||
Monthly fee | $ 783,145 | $ 48,905 | ||||||
Lease and rental expense | $ 200 | 2,274 | $ 2,680 | |||||
Leases, term of contract | 3 years | |||||||
Description of lease term | Three-month terms, which shall be automatically extended for successive three-month periods unless there is the notice to cancel. The lease can be cancelled at any time by either party with 30 days’ notice prior to expiration of an applicable term. | |||||||
Prepaid consulting fee expense | 1,495,983 | |||||||
Prepaid expenses | 1,498,483 | |||||||
Consulting agreement | Cicero Consulting Group, LLC | ||||||||
Commitments And Contingencies Disclosure [Line Items] | ||||||||
Term of agreement | 12 months | |||||||
Additional term of agreement | 12 months | |||||||
Number of shares of restricted common stock issued as commencement fee | 1,723,329 | |||||||
Current market price (in dollars per share) | $ 1.02 | |||||||
Consulting agreement | Cicero Consulting Group, LLC | Period from July 1, 2015 to March 8, 2016 | ||||||||
Commitments And Contingencies Disclosure [Line Items] | ||||||||
Prepaid consulting fee expense | 1,171,864 | |||||||
Consulting agreement | Alex consulting, Inc. | ||||||||
Commitments And Contingencies Disclosure [Line Items] | ||||||||
Term of agreement | 1 year | |||||||
Number of shares of restricted common stock issued as commencement fee | 700,000 | |||||||
Current market price (in dollars per share) | $ 0.51 | |||||||
Consulting agreement | Alex consulting, Inc. | Period from July 1, 2015 to May 5, 2016 | ||||||||
Commitments And Contingencies Disclosure [Line Items] | ||||||||
Prepaid consulting fee expense | 314,942 | |||||||
Consulting agreement | SmallCapVoice.co, Inc. | ||||||||
Commitments And Contingencies Disclosure [Line Items] | ||||||||
Term of agreement | 3 months | |||||||
Monthly fee | $ 2,500 | |||||||
Number of shares of restricted common stock issued as commencement fee | 200,000 | |||||||
Current market price (in dollars per share) | $ 0.51 | |||||||
Consulting agreement | SmallCapVoice.co, Inc. | Period from July 1, 2015 to August 18, 2015 | ||||||||
Commitments And Contingencies Disclosure [Line Items] | ||||||||
Prepaid consulting fee expense | $ 9,177 | |||||||
Consulting agreement | KJS Investment | ||||||||
Commitments And Contingencies Disclosure [Line Items] | ||||||||
Number of shares of restricted common stock issued as commencement fee | 28,000 | |||||||
Current market price (in dollars per share) | $ 0.51 |
SHAREHOLDERS' EQUITY (Detail Te
SHAREHOLDERS' EQUITY (Detail Textuals) - USD ($) | May. 06, 2015 | Mar. 09, 2015 | May. 27, 2015 | May. 18, 2015 | Mar. 31, 2015 | Sep. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 |
Shareholders Equity [Line Items] | ||||||||
Convertible preferred stock, shares authorized | 5,000,000 | 5,000,000 | ||||||
Convertible preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | ||||||
Convertible preferred stock, number of shares issued on conversion | 100 | |||||||
Convertible preferred stock, voting rights | voting rights of 1,000 share of common stock | |||||||
Convertible preferred stock, shares issued | 5,000,000 | 5,000,000 | ||||||
Convertible preferred stock, shares outstanding | 5,000,000 | 5,000,000 | ||||||
Common stock, shares authorized | 750,000,000 | 750,000,000 | ||||||
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | ||||||
Common stock, shares issued | 37,847,163 | 34,512,660 | ||||||
Common stock, shares outstanding | 37,847,163 | 34,512,660 | ||||||
Promissory note | ||||||||
Shareholders Equity [Line Items] | ||||||||
Principal amount of promissory note | $ 30,000 | |||||||
Number of common stock issued upon conversion of debt | 652,174 | |||||||
Conversion price per share | $ 0.09 | |||||||
Investor | ||||||||
Shareholders Equity [Line Items] | ||||||||
Number of shares issued for cash consideration | 4,000 | 20,000 | ||||||
Common stock issued for cash, price per share | $ 0.75 | $ 0.75 | ||||||
Amount of shares issued for cash consideration | $ 3,000 | $ 15,000 | ||||||
Second investor | ||||||||
Shareholders Equity [Line Items] | ||||||||
Number of shares issued for cash consideration | 4,000 | 3,000 | ||||||
Common stock issued for cash, price per share | $ 0.75 | $ 0.75 | ||||||
Amount of shares issued for cash consideration | $ 3,000 | $ 2,250 | ||||||
Consulting agreement | Cicero Consulting Group, LLC | ||||||||
Shareholders Equity [Line Items] | ||||||||
Number of shares of restricted common stock issued | 1,723,329 | |||||||
Common stock issued for cash, price per share | $ 1.02 | |||||||
Term of agreement | 12 months | |||||||
Additional term of agreement | 12 months | |||||||
Consulting agreement | Alex consulting, Inc. | ||||||||
Shareholders Equity [Line Items] | ||||||||
Number of shares of restricted common stock issued | 700,000 | |||||||
Common stock issued for cash, price per share | $ 0.51 | |||||||
Term of agreement | 1 year | |||||||
Consulting agreement | SmallCapVoice.co, Inc. | ||||||||
Shareholders Equity [Line Items] | ||||||||
Number of shares of restricted common stock issued | 200,000 | |||||||
Common stock issued for cash, price per share | $ 0.51 | |||||||
Term of agreement | 3 months | |||||||
Consulting agreement | KJS Investment Corporation | ||||||||
Shareholders Equity [Line Items] | ||||||||
Number of shares of restricted common stock issued | 28,000 | |||||||
Common stock issued for cash, price per share | $ 0.51 |
INCOME TAXES - Federal income t
INCOME TAXES - Federal income tax benefit (Details) - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Federal income tax benefit attributed to: | ||
Net operating loss | $ 346,926 | $ 34,538 |
Valuation | $ (346,926) | $ (34,538) |
Net benefit |
INCOME TAXES - Deferred tax (De
INCOME TAXES - Deferred tax (Details 1) - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Deferred tax attributed: | ||
Net operating loss carryover | $ 387,676 | $ 40,750 |
Less: change in valuation allowance | $ (387,676) | $ (40,750) |
Net deferred tax asset |
INCOME TAXES (Detail Textuals)
INCOME TAXES (Detail Textuals) - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Income Tax Disclosure [Abstract] | ||
Federal income tax rate | 34.00% | 34.00% |
Net operating loss carry-forward | $ 1,140,222 |
SUBSEQUENT EVENTS (Detail Textu
SUBSEQUENT EVENTS (Detail Textuals) - Common stock - USD ($) | 1 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Jun. 30, 2015 | |
Subsequent Event [Line Items] | ||
Number of common stock issued for consulting services | 2,800,000 | 2,651,329 |
Number of common stock issued upon conversion of debt | 13,105,375 | |
Value of common stock issued for conversion of convertible loans | $ 59,042 | |
Cicero Consulting Group, LLC | ||
Subsequent Event [Line Items] | ||
Number of common stock Cancelled | 1,723,329 |