Bionovate Technologies (BIIO) 10-K 24 Oct 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2018	Oct. 11, 2018	Dec. 31, 2017
Document And Entity Information
Entity Registrant Name	BIONOVATE TECHNOLOGIES CORP.
Entity Central Index Key	1,575,420
Trading Symbol	biio
Document Period End Date	Jun. 30, 2018
Current Fiscal Year End Date	--06-30
Document Type	10-K
Amendment Flag	false
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Emerging Growth Company	true
Entity Small Business	true
Enitity Shell Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		15,579,749
Entity Public Float			$ 228,673
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,018
Entity Filer Category	Non-accelerated Filer

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Current Assets
Cash
Total Current Assets
TOTAL ASSETS
Current Liabilities
Accounts payable and accrued liabilities	40,506	38,744
Due to related parties	186,281	147,185
Convertible notes payable	82,895	43,219
Total Current Liabilities	309,682	229,148
TOTAL LIABILITIES	309,682	229,148
Stockholders' Deficit
Preferred stock: 90,000,000 authorized; $0.0001 par value - no shares issued and outstanding
Common stock: 100,000,000 authorized; $0.0001 par value 15,579,749 and 299,400 shares issued and outstanding, respectively	1,558	30
Additional paid in capital	2,056,059	383,372
Accumulated other comprehensive income		14,013
Accumulated deficit	(2,367,299)	(626,563)
Total Deficit	(309,682)	(229,148)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2018	Jun. 30, 2017
Stockholders' Deficit
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	15,579,749	299,400
Common stock, shares outstanding	15,579,749	299,400
Preferred stock, shares authorized	90,000,000	90,000,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

STATEMENT OF OPERATIONS

STATEMENT OF OPERATIONS - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Statement Of Operations
Revenues		$ 5,386
Cost of goods sold		4,480
Gross profit		906
Operating Expenses
General and administration	72,536	33,354
Professional	46,341	55,286
Total operating expenses	118,877	88,640
Net loss from operations	(118,877)	(87,734)
Other income (expense)
Realized foreign currency gain	15,012	658
Interest expense	(67,432)	(60,607)
Impairment of intangible assets and goodwill	(20,000)	(226,007)
Gain from disposal of subsidiaries		32,608
Loss on settlement of debt	(1,549,439)
Total other expense	(1,621,859)	(253,348)
Net loss before taxes	(1,740,736)	(341,082)
Discontinued operations
Loss from discontinued operation		(4,488)
Gain from sale of investment		21,359
Gain from Discontinued Operations		16,871
Net loss	(1,740,736)	(324,211)
Net loss attributable to the non-controlling interest		(898)
Net loss attributable to MJP International Ltd.	(1,740,736)	(323,313)
Comprehensive income (loss)	(1,740,736)	(323,313)
Foreign currency adjustment	(14,013)	(1,679)
Comprehensive Loss	$ (1,754,749)	$ (324,992)
Basic and dilutive loss per share
Continuing operations	$ (0.27)	$ (1.14)
Discontinuing operations		0.06
Net loss	$ (0.27)	$ (1.09)
Weighted average number of shares outstanding	6,340,325	298,018

STATEMENT OF STOCKHOLDERS_ EQUI

STATEMENT OF STOCKHOLDERS’ EQUITY - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income	Accumulated Deficit	Noncontrolling Interest	Total
Beginning balance, Shares at Jun. 30, 2016	322,170
Beginning balance, Amount at Jun. 30, 2016	$ 32	$ 113,774	$ 15,692	$ (280,133)		$ (150,635)
Share issuance per assets acquisition, Shares	80,000
Share issuance per assets acquisition, Amount	$ 8	199,992				200,000
Share repurchase, Shares	(130,000)
Share repurchase, Amount	$ (13)	(637)				(650)
Share repurchase, shares	(12,770)
Share repurchase, Amount	$ (1)	(63)		(23,117)		(23,181)
Common stock issued from conversion of debt, Shares	40,000
Common stock issued from conversion of debt, Amount	$ 4	9,996				10,000
Debt forgiveness		4,461				4,461
Non-controlling interest					(2,678)	(2,678)
Deconsolidation					3,576	3,576
Beneficial conversion feature		55,849				55,849
Foreign currency translation			(1,679)			(1,679)
Net loss				(323,313)	(898)	(324,211)
Ending balance, Shares at Jun. 30, 2017	299,400
Ending balance, Amount at Jun. 30, 2017	$ 30	383,372	14,013	(626,563)		(229,148)
Beginning balance, Amount at Jun. 30, 2017	$ 30	383,372	14,013	(626,563)		$ (229,148)
Common stock issued from conversion of debt, Shares	2,280,000					2,280,000
Common stock issued from conversion of debt, Amount	$ 228	11,172				$ 11,400
Debt forgiveness
Beneficial conversion feature		48,376				28,376
Foreign currency translation			(14,013)			(14,013)
Common stock issued for settlement of debt, Shares	13,000,000
Common stock issued for settlement of debt, Amount	$ 1,300	1,613,139				1,614,439
Adjustment to common stock, Shares	349
Adjustment to common stock, Amount
Net loss				(1,740,736)		(1,740,736)
Ending balance, Shares at Jun. 30, 2018	15,579,749
Ending balance, Amount at Jun. 30, 2018	$ 1,558	$ 2,056,059		$ (2,367,299)		$ (309,682)

STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from continued operations	$ (1,740,736)	$ (341,082)
Loss from discontinued operation		(4,488)
Gain from sale of investment		21,359
Net loss	(1,740,736)	(324,211)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Expenses paid by convertible notes	28,376	9,969
Impairment of intangible assets and goodwill	20,000	226,007
Gain from disposal of subsidiaries		(32,608)
Amortization of debt discount	51,122	53,151
Loss on settlement of debt	1,549,439
Foreign currency adjustment	(15,012)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	41,811	10,131
Accrued salary	65,000
Due to related parties		73,159
Net cash provided by continuing operating activities		15,598
Net cash used in discontinuing operating activities		(4,994)
Net cash provided by operating activities		10,604
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash from acquisition		3,754
Disposal of subsidiaries		(1,406)
Net cash provided by continuing investing activities		2,348
Net cash provided by discontinuing investing activities		4,716
Net cash provided by investing activities		7,064
CASH FLOWS FROM FINANCING ACTIVITIES:
Loan payable		5,593
Common stock repurchases		(23,181)
Net cash used in financing activities		(17,588)
Effect of exchange rate changes on cash		(1,016)
Net change in cash and cash equivalents		(936)
Cash and cash equivalents, beginning of period		936
Cash and cash equivalents, end of period
Supplemental cash flow information
Cash paid for interest
Cash paid for taxes
Non-cash transactions:
80,000 shares issued due to assets acquisition		200,000
130,000 shares cancelled due to disposal of subsidy		650
Net assets acquired from Energy Alliance		84,000
Net liabilities acquired from Energy Alliance		(19,290)
Net assets acquired from HEAL		4,498
Net liabilities acquired from HEAL		(15,215)
Convertible note exchanged for due to related parties		27,641
Beneficial conversion feature	28,376	55,849
Common stock issued for conversion of debt	11,400	10,000
Debt forgiveness		4,461
Accounts payable paid by related party	41,025
Common stock issued for settlement of debt	1,614,439
Convertible notes issued for purchase of patents	$ 20,000

NATURE AND CONTINUANCE OF OPERA

NATURE AND CONTINUANCE OF OPERATIONS	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 1 - NATURE AND CONTINUANCE OF OPERATIONS	Bionovate Technologies Corp. (the “Company”, or the “Corporation”) was incorporated in the state of Nevada, United States on October 24, 2012 under the name MJP International Ltd. On December 1, 2017, the Company’s corporate name was changed to Bionovate Technologies Corp. The Corporation was formed and organized to capitalize on new opportunities found in the North American market for light-emitting diode (“LED”) lighting. With China as the manufacturing backbone of future LED products, the Corporation has set up an office in Guangzhou, China in search of high-quality products offered by reputable manufacturers to be introduced to Canada, the United States, and abroad. The Corporation has set out further details of the acquisition below as well as in Notes 3 and 4 to these consolidated financial statements. On February 5, 2016, Energy Alliance Labs Inc. (“Energy Alliance”), incorporated on February 5, 2016, entered into an agreement to acquire 80% of the issued and outstanding equity interests of Human Energy Alliance Laboratories Corp., an Idaho corporation (“HEAL”) from certain shareholders of HEAL for $80,000. The cash for the acquisition of shares was transferred to the shareholders on November 1, 2016 and that is when the acquisition closed. Subsequent to the transfer of cash, the previous shareholders of the Company owned 80% of the issued and outstanding shares of HEAL. On October 28, 2016, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with Liao Zu Guo, an individual residing in China, whereby the Company issued 80,000 shares of its common stock in exchange for 100% of the issued and outstanding equity interests of Energy Alliance. Subsequent to the execution of the Share Exchange Agreement, Liao Zu Gao became a member of the Board of Directors of the Company. On January 1, 2017, the Company entered into transfer agreement with Liao Zu Guo, whereby the Company transferred 100% of issued and outstanding equity interests of Energy Alliance for $20,000 for past services provided by Executive to the Company and agreed to assume the debt of Energy Alliance owed to the Liao Zu Guo in the aggregate amount of $28,239. On December 1, 2017, a majority of stockholders and the board of directors approved a reverse stock split of the issued and outstanding shares of common stock on a fifty (50) old for one (1) new basis. A Certificate of Amendment was filed with the Nevada Secretary of State on December 11, 2017 with an effective date of December 21, 2017. All share and per share information in these financial statements retroactively reflect this stock distribution. Our executive offices are located at 3006 E. Goldstone Drive, Suite 218, Meridian, ID 83642. Our telephone number is (208) 231 – 1606.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 2 - GOING CONCERN	The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, the Company has an accumulated deficit at June 30, 2018 of $2,367,299, is in a net liability position and needs cash to maintain its operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company’s continued existence is dependent upon management’s ability to develop profitable operations, continued contributions from the Company’s executive officers to finance its operations and the ability to obtain additional funding sources to explore potential strategic relationships and to provide capital and other resources for the further development and marketing of the Company’s products and business.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The Corporation’s financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Principles of Consolidation These financial statements include the Corporation’s wholly owned subsidiaries MJP Lighting Solutions Ltd., MJP Holdings Ltd. and Energy Alliance Lab Inc., and Human Energy Alliance Laboratories Corp., which is 80% owned by Energy Alliance. All subsidiaries were disposed during the year ended June 30, 2018. All inter-company accounts and transactions before the Company disposed of these subsidiaries have been eliminated. 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Business Combination In our accounting for business combinations, judgment is required in determining whether an intangible asset is identifiable, and should be recorded separately from goodwill. Additionally, estimating the acquisition date fair values of the identifiable assets acquired and liabilities assumed involves considerable management judgment. The necessary measurements are based on information available on the acquisition date and are based on expectations and assumptions that have been deemed reasonable by management. These judgments, estimates, and assumptions can materially affect our financial position and profit for several reasons, including the following: · Subsequent negative changes in the estimated fair values of assets may result in additional expense from impairment charges. · Subsequent changes in the estimated fair values of liabilities and provisions may result in additional expense (if increasing the estimated fair value) or additional income (if decreasing the estimated fair value). Foreign currency translation and functional currency conversion Prior to July 1, 2017, the Company’s functional currency was the Canadian dollar. Translation gains and losses from the application of the U.S. dollar as the reporting currency during the period that the Canadian dollar was the functional currency are included as part of cumulative currency translation adjustment, which is reported as a component of shareholders’ equity under accumulated other comprehensive loss. The Company re-assessed its functional currency and determined as at Jul 1, 2017, its functional currency changed from the Canadian dollar to the U.S. dollar based on management’s analysis of changes in our organization. The change in functional currency is accounted for prospectively from July 1, 2017 and financial statements prior to and including the period ended December 31, 2016 have not been restated for the change in functional currency. For periods commencing July 1, 2017, monetary assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates in effect at the balance sheet date. Opening balances related to non-monetary assets and liabilities are based on prior period translated amounts, and non-monetary assets and non-monetary liabilities incurred after Jul 1, 2017 are translated at the approximate exchange rate prevailing at the date of the transaction. Revenue and expense transactions are translated at the approximate exchange rate in effect at the time of the transaction. Foreign exchange gains and losses are included in the statement of operations and comprehensive loss as foreign exchange gains. Cash For purposes of reporting within the statements of cash flows, the Corporation considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. Comprehensive Loss The Corporation adopted FASB ASC 220, “Reporting Comprehensive Income”, which establishes standards for the reporting and display of comprehensive income and its components in the financial statements. Comprehensive income consists of net income and other gains and losses affecting stockholders’ equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability. Since inception, the Corporation’s other comprehensive income represents foreign currency translation adjustments. Basic and Diluted Loss per Common Stock FASB ASC 260, “Earnings per share” requires dual presentation of basic and diluted earnings per share (EPS) with a reconciliation of the numerator and denominator of the EPS computations. Basic earnings per share amounts are based on the weighted average shares of common stock outstanding. If applicable, diluted earnings per stock would assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Diluted net income (loss) per common stock on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive. Fair Value of Financial Instrument The Corporation follows FASB ASC 820, “Fair Value Measurements and Disclosures”, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This new accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Corporation defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Corporation considers the principal or most advantageous market in which the Corporation would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Corporation applies FASB ASC 825, Financial Instruments, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Corporation has not elected the fair value option for any eligible financial instruments. Fair Value Measurements The Corporation follows FASB ASC 820, Fair Value Measurements and Disclosures, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This new accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Corporation defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Corporation considers the principal or most advantageous market in which the Corporation would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Corporation has adopted FASB ASC 825, Financial Instruments, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Corporation has not elected the fair value option for any eligible financial instruments. Impairment of Long-Lived Assets Impairment losses on long-lived assets are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts. During the year ended June 30, 2018 and 2017, the Company recognized impairment loss of $20,000 and $226,007, respectively Revenue Recognition The Corporation follows FASB ASC 606, “Revenue from Contracts with Customers” for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured. The Corporation recognizes revenue when persuasive evidence of an arrangement exists, shipment has occurred or services rendered, the price is fixed or determinable and payment is reasonably assured. Customers take ownership at point of sale and bear the costs and risks of delivery. We currently do not have operations, and its management seeks to acquire cash generating businesses. Cost of Goods Sold Cost of goods sold includes the following expenses; inventory and various expenses related to sell the products. Beneficial Conversion Feature For conventional convertible debt where the rate of conversion is below market value, the Corporation records a Beneficial Conversion Feature (the “BCF”) and related debt discount. When the Company records a BCF, the intrinsic value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument (offset to additional paid-in capital) and amortized to interest expense over the life of the debt. Income Taxes The Corporation follows FASB ASC Topic 820, “Income Taxes” which requires the use of the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled. The tax consequences of most events recognized in the current year’s financial statements are included in determining income taxes currently payable. However, because tax laws and financial accounting standards differ in their recognition and measurement of assets, liabilities, equity, revenues, expenses, gains and losses, differences arise between the amount of taxable income and pre-tax financial income for a year and between the tax bases of assets or liabilities and their reported amounts in the financial statements. Because the Corporation assumes that the reported amounts of assets and liabilities will be recovered and settled, respectively, a difference between the tax basis of an asset or a liability and its reported amount in the balance sheet will result in a taxable or a deductible amount in some future years when the related liabilities are settled or the reported amounts of the assets are recovered, which gives rise to a deferred tax asset. The Corporation must then assess the likelihood that the deferred tax assets will be recovered from future taxable income and to the extent the Corporation believes that recovery is not likely, the Corporation must establish a valuation allowance. The Corporation has adopted FASB guidance on accounting for uncertainty in income taxes which provides a financial statement recognition threshold and measurement attribute for a tax position taken or expected to be taken in a tax return. Under this guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance also extends to de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and income tax disclosures. Recent Accounting Pronouncements The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements.

ASSETS ACQUISITION AND BUSINESS

ASSETS ACQUISITION AND BUSINESS COMBINATION	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 4 - ASSETS ACQUISITION AND BUSINESS COMBINATION	On February 5, 2016, Energy Alliance entered into an agreement to acquire 80% of the issued and outstanding equity interests of HEAL from certain shareholders of HEAL for $80,000. The cash for the acquisition of shares was transferred to the shareholders on November 1, 2016 and that is when the acquisition closed. Energy Alliance was formed on February 5, 2016 for the purpose of acquiring HEAL. All of the issued and outstanding shares of Energy Alliance totaling 35,000,000 were owned by Mr. Liao Zu Gao. On October 28, 2016, the Corporation entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with Liao Zu Guo, an individual residing in China, where the Corporation issued 80,000 shares of its common stock in exchange for 100% of the issued and outstanding equity interests of Energy Alliance. Subsequent to the execution of the Share Exchange Agreement, Liao Zu Gao became a member of the Board of Directors of the Company. Subsequent to the transfer of cash, the previous shareholders of the Corporation own 80% of the issued and outstanding shares of HEAL through its wholly owned subsidiary, Energy Alliance. The definition of a business under ASC 805-10-55 consists of inputs and processes applied to those inputs that have the ability to create outputs. Although businesses usually have outputs, outputs are not required for an integrated set to qualify as a business. Based on the criteria set out in ASC 805-10-55 the Company determined Energy Alliance, which was formed for the sole purpose of acquiring HEAL, does not constitute a business and accordingly, accounted this acquisition of Energy Alliance as an acquisition of assets. The acquisition of Energy Alliance was accounted for as follows: Consideration given up: Share issued: 80,000 Market price of the Company’s shares on October 28, 2016 $ 2.50 Fair value of equity instrument issued $ 200,000 Assets acquired/liabilities assumed: Total assets $ 84,000 Total liabilities $ (19,290 ) Recognized intangible assets $ 135,290 Total $ 200,000 The Corporation recognized an intangible asset with an indefinite useful life of $135,290 representing the value of the unexecuted purchase agreement that Energy Alliance holds in HEAL at the time of acquisition by the Company. The Corporation treated the acquisition of HEAL as business combination. Consideration given up: October 28, 2016 $ Cash: 80,000 Allocation of purchases price: Cash and cash equivalents 3,754 Inventory 1,869 Liabilities assumed: Accounts payable (8,300 ) Estimated warranty liabilities (3,254 ) Advances from Energy Alliance (4,000 ) Loan payable (3,464 ) Net assets acquired (13,395 ) Allocated to non-controlling interest 2,678 Intangible assets and goodwill 90,717 The Corporation recognized goodwill of HEAL of $90,717 and recorded non-controlling interest of ($2,678) which reflects income attributable to the non-controlling interest in HEAL. Goodwill of $90,717 is not deductible for income tax purposes. The amount of HEAL’s revenue and net loss from operations included in the Corporation’s condensed consolidated interim statements of operations and comprehensive loss for the year ended June 30, 2017 are as follows: Year ended June 30, 2017 Revenue $ 1,941 Net loss $ (11,779 )

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 5 - GOODWILL AND INTANGIBLE ASSETS	Intangible assets from the acquisition of Energy Alliance The Corporation recognized an intangible asset with an indefinite useful life of $135,290 representing the value of the unexecuted purchase agreement that Energy Alliance holds in HEAL at the time of acquisition by the Company. Consideration given up: Share issued: 80,000 Market price of the Company’s shares on October 28, 2016 $ 2.50 Fair value of equity instrument issued $ 200,000 Assets acquired/liabilities assumed: Total assets $ 84,000 Total liabilities $ (19,290 ) Recognized intangible assets $ 135,290 Total $ 200,000 Intangible assets and good from the acquisition of HEAL The Corporation recognized goodwill of HEAL of $90,717 Consideration given up: October 28, 2016 $ Cash: 80,000 Allocation of purchases price: Cash and cash equivalents 3,754 Inventory 1,869 Liabilities assumed: Accounts payable (8,300 ) Estimated warranty liabilities (3,254 ) Advances from Energy Alliance (4,000 ) Loan payable (3,464 ) Net assets acquired (13,395 ) Allocated to non-controlling interest 2,678 Intangible assets and goodwill 90,717 The Corporation follows the GAAP methodology to determine impairment of goodwill and intangible assets. Step one recoverability test: Impairment must be recognized when the carrying value of the assets exceeds the undiscounted future cash flows from their use and disposal. Step two Loss measurement: The excess of the carrying amount over the fair value of the assets. If the fair value is not available, the present value of future cash flows discounted at the firm’s incremental borrowing rate should be used. During the period ended December 31, 2016 management conducted a test for impairment of goodwill and intangible assets. As a result of certain indicators including a substantive decline in revenue year over year representing over 2/3 loss in gross revenues, with no discernable timeframe for recovery, or large recurring customer purchases or customer relationships and as a result of an analysis of future discounted cash flows, management of the Corporation determined to impair intangible assets and goodwill fully as of December 31, 2016. Patent During the year ended June 30, 2018, the Company purchased patents for convertible notes of $20,000. During the period ended June 30, 2018, we determined that the carrying value of patents exceeded its fair value at the measurement date, requiring step two in the impairment test process. The fair value of the patents was determined primarily using an income approach based on the present value of discounted cash flows. We determined the implied fair value of patents was substantially below the carrying value of the reporting unit. Accordingly, we recognized a impairment loss of $20,000, which resulted in patent of $0 as of June 30, 2018.

DISPOSAL OF SUBSIDIARIES

DISPOSAL OF SUBSIDIARIES	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 6 - DISPOSAL OF SUBSIDIARIES	The Company disposed of the below subsidiaries in order to focus its efforts on other opportunities. No opportunities have been identified as of June 30, 2017. On October 4, 2016, the Corporation filed a Certification of Dissolution of MJP Holdings Ltd. Upon the dissolution MJP Holdings Ltd, the Corporation recorded gain on disposal of $33,436(C$44,007). On November 28, 2016, the Corporation signed a share exchange agreement between the Corporation, MJP Lighting Solution Ltd., and Chris Tong Tang and Zhao Hui Ma whereby all parties agreed to exchange 100% of the issued and outstanding securities of MJP Lighting Solutions Ltd., belonging to the Company, for the return the 130,000 shares, belonging to Chris Tong Tang and Zhao Hui Ma, to the Company’s treasury for cancellation. As of November 28, 2016, the financial position is below: MJP Lighting Solution Ltd. Net Assets $ 1,406 Net Liabilities $ (3,969 ) Consideration given up: Reacquisition of stock (130,000 ) Fair value of reacquired stock $ (650 ) Gain on disposal $ 3,213 The Corporation has written off and included in gain on disposal the amount of $4,041 due to uncollectable receivables from above subsidiaries. Cumulative translation adjustment brought into net income upon disposal ($658). On January 1, 2017, the Company entered into transfer agreement with Liao Zu Guo, whereby the Company transferred 100% of issued and outstanding equity interests of Energy Alliance for consideration of $20,000 and assumption of debt of $28,239 for past services provided by Executive to the Company. During the year ended June 30, 2017, the Company recorded a gain on the sale of $21,359. The Company has no continuing involvement in the operations of Energy Alliance and its subsidiary HEAL, however Liao Zu Guo continues to hold a position on the board of directors. The sale of Energy Alliance qualified as a discontinued operation of the Company and accordingly, the Company has excluded results of Energy Alliance operations from its Statements of Operations and Comprehensive Income (Loss) to present this business in discontinued operations. The following table shows the results of operations of Energy Alliance and HEAL for the period ended January 1, 2017 which are included in the loss from discontinued operations: January 1, 2017 Revenue $ 1,987 Cost of goods sold 923 Gross profit 1,064 General & administration 5,352 Professional fees 200 Operating loss (4,488 ) Gain from sale of Energy Alliance 21,359 Gain from discontinued operations $ 16,871 The following table shows the carrying amounts of the major classes of assets and liabilities associated with Energy Alliance and its subsidiary HEAL as of the January 1, 2017. January 1, 2017 Cash $ 15,284 Inventory 1,010 Accounts payable (6,771 ) Credit card (2,549 ) Due to related party (28,239 ) Loan payable (9,057 ) Estimated warranty liabilities (2,852 ) Net liabilities (33,174 ) Non-controlling interest 3,576 Assumption of due to related party (28,239 ) Consideration for past services provided by Executive to the company 20,000 Gain on sale of Energy Alliance $ 21,359

CONVERTIBLE NOTE

CONVERTIBLE NOTE	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 7 - CONVERTIBLE NOTE	Convertible notes payable at June 30, 2018 and June 30, 2017, consists of the following: June 30, June 30, 2018 2017 Dated November 1, 2016 $ 4,439 $ 8,239 Dated January 1, 2017 - 1 10,489 14,289 Dated January 1, 2017 - 2 6,200 10,000 Dated January 1, 2017 - 3 3,422 3,468 Dated June 30, 2017 9,969 9,969 Dated April 1, 2018 -1 10,000 - Dated April 1, 2018 -2 10,000 - Dated June 30, 2018 28,376 Total convertible notes payable 82,895 45,965 Less: Unamortized debt discount - (2,746 ) Total convertible notes 82,895 43,219 Less: current portion of convertible notes 82,895 43,219 Long-term convertible notes $ - $ - For the year ended June 30, 2018 and 2017, the Company recognized interest expense of $16,310 and $6,442 and amortization of discount, included in interest expense, of $51,122 and $53,151, respectively. As of June 30, 2018, and 2017, the Company recorded accrued interest of $23,727 and $6,703, respectively Dated November 1, 2016 On November 1, 2016, the Company issued a convertible note with a conversion price of $0.005 to extinguish debt of $18,239. The convertible note is unsecured, bears interest at 4% per annum and due and payable on November 1, 2017. The Company recorded a discount on the convertible note due to a beneficial conversion feature of $18,239. During the year ended June 30, 2018, the convertible note of $3,800 was converted into 760,000 shares of common stock. Dated January 1, 2017 - 1 On January 1, 2017, the Company issued a convertible note with a conversion price of $0.005 to extinguish amounts due to related parties of $10,000. The convertible note is unsecured, bears interest at 45% per annum, has no maturity date and is due on demand. The Company recorded a discount on the convertible note due to a beneficial conversion feature of $10,000. During the year ended June 30, 2018, the convertible note of $3,800 was converted into 760,000 shares of common stock. Dated January 1, 2017 - 2 On January 1, 2017, the Company issued a convertible note with a conversion price of $0.005 to extinguish amounts due to related parties of $14,289. The convertible note is unsecured, bears interest at 45% per annum, has no maturity date and due on demand. The Company recorded a discount on the convertible note due to a beneficial conversion feature of $14,289. During the year ended June 30, 2018, the convertible note of $3,800 was converted into 760,000 shares of common stock. Dated January 1, 2017 - 3 On January 1, 2017, the Company issued a convertible note with a conversion price of $0.005 to extinguish amounts due to related parties of $3,352 (Canadian dollar (“CAD”) $4,500). The convertible note is unsecured, bears interest at 45% per annum, has no maturity date and due on demand. The Company recorded a discount on the convertible note due to a beneficial conversion feature of $3,352 (CAD $4,500). The difference of amount was a result of change of exchange rate. Dated June 30, 2017 On June 30, 2017, the Company issued a convertible note with a conversion price of $0.01 to pay operating expenses of $9,969. The convertible note is unsecured, bears interest at 35% per annum, has no maturity date and due on demand. The Company recorded a discount on the convertible note due to a beneficial conversion feature of $9,969. Dated April 1, 2018 - 1 On April 1, 2018, the Company issued a convertible note of $10,000 with a conversion price of $0.01 to pay a purchase of a patent of $10,000. The convertible note is unsecured, bears interest at 45% per annum, has no maturity date and is due on demand. The Company recorded a discount on the convertible note due to a beneficial conversion feature of $10,000. Dated April 1, 2018 - 2 On April 1, 2018, the Company issued a convertible note of $10,000 with a conversion price of $0.01 to pay a purchase of a patent of $10,000. The convertible note is unsecured, bears interest at 45% per annum, has no maturity date and is due on demand. The Company recorded a discount on the convertible note due to a beneficial conversion feature of $10,000. Dated June 30, 2018 On June 30, 2018, the Company issued a convertible note with a conversion price of $0.01 to pay operating expenses of $28,376. The convertible note is unsecured, bears interest at 30% per annum, has no maturity date and is due on demand. The Company recorded a discount on the convertible note due to a beneficial conversion feature of $28,376.

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 8 - DUE TO RELATED PARTIES	The Corporation was obligated to shareholders for funds advanced to the Corporation for working capital. The advances are unsecured and no interest rate or payback schedule has been established. During the year ended June 30, 2018 and 2017, the Corporation borrowed a total amount of $0 and $73,159 from shareholders, respectively. During the year ended June 30, 2018, the Company’s CEO paid accounts payable of $41,025 on behalf of the Company. The loans are unsecured, non-interest bearing and due on demand. On July 1, 2017, the Company entered into an employment agreement with CEO of the Company which the Company shall pay a cash based base salary of $65,000 from July 1, 2017 through December 31, 2017. For the year ended June 30, 2018, the Company recorded management fee of $65,000. On February 7, 2018, the Company issued 13,000,000 shares of common stock to settle accrued salary of $65,000. As a result, the Company recorded loss on settlement of debt of $1,549,439. On January 1, 2017, the Corporation issued convertible notes to repay the amount owed to related parties in the aggregate amount of $27,641 (Note 7). The advances are unsecured, non-interest bearing and no payback schedule has been established. During the year ended June 30, 2017, due to related party of $4,461 (C$5,789) was forgiven and the Company recorded debt forgiveness of $4,461 as additional paid-in capital. As of June 30, 2018, and 2017, the Corporation owed related parties $186,281 and $147,185, respectively.

EQUITY

EQUITY	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 9 - EQUITY	Preferred Stock The Company is authorized to issue 90,000,000 shares of preferred stock at a par value of $0.0001. No shares were issued and outstanding as of June 30, 2018 and 2017, respectively. Common Stock The Company is authorized to issue 100,000,000 shares of common stock at a par value of $0.0001. During the year ended June 30, 2018, the Company issued common stock as follows; · 2,280,000 shares of common stock for conversion of debt of $11,400. · 13,000,000 shares of common stock for conversion of accrued salary of $65,000. · 349 shares of common stock to correct the shares issued and outstanding after the reverse stock split on December 21, 2017. During the year ended June 30, 2017, the Company issued common shares as follows, · On October 28, 2016, the Company issued 80,000 shares of its common stock in exchange for 100% of the issued and outstanding equity interests of Energy Alliance. · During the year ended June 30, 2017, the Company issued 40,000 shares of its common stock for conversion of debt of $10,000 On November 28, 2016, Chris Tong Tang and Zhao Hui Ma returned the 130,000 shares to the Company’s treasury for cancellation (Note 6). During the year ended June 30, 2017, the Company purchased back 12,000 shares at $1.712 (C$2.50) per share and 770 shares at $3.42 (C$5.00). As at June 30, 2018 and 2017, 15,579,749 and 299,400 shares of common stock were issued and outstanding, respectively. As at June 30, 2018 and 2017, there were no warrants or options outstanding.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 10 – 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. On December 22, 2017, the United States enacted the Tax Cuts and Jobs Act (the “Act”) resulting in significant modifications to existing law. The Company has completed the accounting for the effects of the Act during the year ended June 30, 2018. The Company’s financial statements for the year ended June 30, 2018 reflect certain effects of the Act which includes a reduction in the corporate tax rate from 34% to 21% as well as other changes. The provision for refundable federal income tax at 21% consists of the following for the periods ending: June 30, June 30, 2018 2017 Federal income tax benefit attributed to: Net operating loss $ 25,237 $ 18,402 Valuation (25,237 ) (18,402 ) Net benefit $ - $ - The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows: June 30, June 30, 2018 2017 Deferred tax attributed: Net operating loss carryover $ 142,643 $ 117,406 Effect of change in the statutory rate (56,685 ) - Less: change in valuation allowance (85,958 ) (117,406 ) Net deferred tax asset - - The Corporation has $409,324 (2017 - $289,149) of loss carry forwards in the United States that begin to expire in 2033. No tax benefits have been recognized in these consolidated financial statements as the criteria for recognition has not been met.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
NOTE 11 – SUBSEQUENT EVENT	On July 5, 2018, the Company issued convertible notes of $60,000 with a conversion price pf $0.01 to extinguish amounts due to related parties of $146,975 (C$191,000). The convertible notes are unsecured, bears interest at 30% per annum, has no maturity date and due on demand.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2018
Summary Of Significant Accounting Policies
Basis of Presentation	The Corporation’s financial statements included herein are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.
Principles of Consolidation	These financial statements include the Corporation’s wholly owned subsidiaries MJP Lighting Solutions Ltd., MJP Holdings Ltd. and Energy Alliance Lab Inc., and Human Energy Alliance Laboratories Corp., which is 80% owned by Energy Alliance. All subsidiaries were disposed during the year ended June 30, 2018. All inter-company accounts and transactions before the Company disposed of these subsidiaries have been eliminated.
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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Business Combination	In our accounting for business combinations, judgment is required in determining whether an intangible asset is identifiable, and should be recorded separately from goodwill. Additionally, estimating the acquisition date fair values of the identifiable assets acquired and liabilities assumed involves considerable management judgment. The necessary measurements are based on information available on the acquisition date and are based on expectations and assumptions that have been deemed reasonable by management. These judgments, estimates, and assumptions can materially affect our financial position and profit for several reasons, including the following: · Subsequent negative changes in the estimated fair values of assets may result in additional expense from impairment charges. · Subsequent changes in the estimated fair values of liabilities and provisions may result in additional expense (if increasing the estimated fair value) or additional income (if decreasing the estimated fair value).
Foreign currency translation and functional currency conversion	Prior to July 1, 2017, the Company’s functional currency was the Canadian dollar. Translation gains and losses from the application of the U.S. dollar as the reporting currency during the period that the Canadian dollar was the functional currency are included as part of cumulative currency translation adjustment, which is reported as a component of shareholders’ equity under accumulated other comprehensive loss. The Company re-assessed its functional currency and determined as at Jul 1, 2017, its functional currency changed from the Canadian dollar to the U.S. dollar based on management’s analysis of changes in our organization. The change in functional currency is accounted for prospectively from July 1, 2017 and financial statements prior to and including the period ended December 31, 2016 have not been restated for the change in functional currency. For periods commencing July 1, 2017, monetary assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates in effect at the balance sheet date. Opening balances related to non-monetary assets and liabilities are based on prior period translated amounts, and non-monetary assets and non-monetary liabilities incurred after Jul 1, 2017 are translated at the approximate exchange rate prevailing at the date of the transaction. Revenue and expense transactions are translated at the approximate exchange rate in effect at the time of the transaction. Foreign exchange gains and losses are included in the statement of operations and comprehensive loss as foreign exchange gains.
Cash	For purposes of reporting within the statements of cash flows, the Corporation considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.
Comprehensive Loss	The Corporation adopted FASB ASC 220, “Reporting Comprehensive Income”, which establishes standards for the reporting and display of comprehensive income and its components in the financial statements. Comprehensive income consists of net income and other gains and losses affecting stockholders’ equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability. Since inception, the Corporation’s other comprehensive income represents foreign currency translation adjustments.
Basic and Diluted Loss per Common Stock	FASB ASC 260, “Earnings per share” requires dual presentation of basic and diluted earnings per share (EPS) with a reconciliation of the numerator and denominator of the EPS computations. Basic earnings per share amounts are based on the weighted average shares of common stock outstanding. If applicable, diluted earnings per stock would assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Diluted net income (loss) per common stock on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive.
Fair Value of Financial Instrument	The Corporation follows FASB ASC 820, “Fair Value Measurements and Disclosures”, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This new accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Corporation defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Corporation considers the principal or most advantageous market in which the Corporation would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Corporation applies FASB ASC 825, Financial Instruments, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Corporation has not elected the fair value option for any eligible financial instruments.
Fair Value Measurements	The Corporation follows FASB ASC 820, Fair Value Measurements and Disclosures, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This new accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Corporation defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Corporation considers the principal or most advantageous market in which the Corporation would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Corporation has adopted FASB ASC 825, Financial Instruments, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Corporation has not elected the fair value option for any eligible financial instruments.
Impairment of Long-Lived Assets	Impairment losses on long-lived assets are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts. During the year ended June 30, 2018 and 2017, the Company recognized impairment loss of $20,000 and $226,007, respectively
Revenue Recognition	The Corporation follows FASB ASC 606, “Revenue from Contracts with Customers” for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured. The Corporation recognizes revenue when persuasive evidence of an arrangement exists, shipment has occurred or services rendered, the price is fixed or determinable and payment is reasonably assured. Customers take ownership at point of sale and bear the costs and risks of delivery. We currently do not have operations, and its management seeks to acquire cash generating businesses.
Cost of Goods Sold	Cost of goods sold includes the following expenses; inventory and various expenses related to sell the products.
Beneficial Conversion Feature	For conventional convertible debt where the rate of conversion is below market value, the Corporation records a Beneficial Conversion Feature (the “BCF”) and related debt discount. When the Company records a BCF, the intrinsic value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument (offset to additional paid-in capital) and amortized to interest expense over the life of the debt.
Income Taxes	The Corporation follows FASB ASC Topic 820, “Income Taxes” which requires the use of the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled. The tax consequences of most events recognized in the current year’s financial statements are included in determining income taxes currently payable. However, because tax laws and financial accounting standards differ in their recognition and measurement of assets, liabilities, equity, revenues, expenses, gains and losses, differences arise between the amount of taxable income and pre-tax financial income for a year and between the tax bases of assets or liabilities and their reported amounts in the financial statements. Because the Corporation assumes that the reported amounts of assets and liabilities will be recovered and settled, respectively, a difference between the tax basis of an asset or a liability and its reported amount in the balance sheet will result in a taxable or a deductible amount in some future years when the related liabilities are settled or the reported amounts of the assets are recovered, which gives rise to a deferred tax asset. The Corporation must then assess the likelihood that the deferred tax assets will be recovered from future taxable income and to the extent the Corporation believes that recovery is not likely, the Corporation must establish a valuation allowance. The Corporation has adopted FASB guidance on accounting for uncertainty in income taxes which provides a financial statement recognition threshold and measurement attribute for a tax position taken or expected to be taken in a tax return. Under this guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance also extends to de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and income tax disclosures.
Recent Accounting Pronouncements	The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements.

ASSETS ACQUISITION AND BUSINE_2

ASSETS ACQUISITION AND BUSINESS COMBINATION (Tables)	12 Months Ended
	Jun. 30, 2018
Assets Acquisition And Business Combination
Schedule of acquisition of business consideration	Consideration given up: Share issued: 80,000 Market price of the Company’s shares on October 28, 2016 $ 2.50 Fair value of equity instrument issued $ 200,000 Assets acquired/liabilities assumed: Total assets $ 84,000 Total liabilities $ (19,290 ) Recognized intangible assets $ 135,290 Total $ 200,000
Schedule of assets acquired/liabilities assumed	Consideration given up: October 28, 2016 $ Cash: 80,000 Allocation of purchases price: Cash and cash equivalents 3,754 Inventory 1,869 Liabilities assumed: Accounts payable (8,300 ) Estimated warranty liabilities (3,254 ) Advances from Energy Alliance (4,000 ) Loan payable (3,464 ) Net assets acquired (13,395 ) Allocated to non-controlling interest 2,678 Intangible assets and goodwill 90,717
Schedule of business consideration purchases price allocation	Year ended June 30, 2017 Revenue $ 1,941 Net loss $ (11,779 )

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Table)	12 Months Ended
	Jun. 30, 2018
Goodwill And Intangible Assets
Schedule of Intangible assets from the acquisition of Energy Alliance	Consideration given up: Share issued: 80,000 Market price of the Company’s shares on October 28, 2016 $ 2.50 Fair value of equity instrument issued $ 200,000 Assets acquired/liabilities assumed: Total assets $ 84,000 Total liabilities $ (19,290 ) Recognized intangible assets $ 135,290 Total $ 200,000
Sechedule of Intangible assets and good from the acquisition of HEAL	Consideration given up: October 28, 2016 $ Cash: 80,000 Allocation of purchases price: Cash and cash equivalents 3,754 Inventory 1,869 Liabilities assumed: Accounts payable (8,300 ) Estimated warranty liabilities (3,254 ) Advances from Energy Alliance (4,000 ) Loan payable (3,464 ) Net assets acquired (13,395 ) Allocated to non-controlling interest 2,678 Intangible assets and goodwill 90,717

DISPOSAL OF SUBSIDIARIES (Table

DISPOSAL OF SUBSIDIARIES (Tables)	12 Months Ended
	Jun. 30, 2018
Disposal Of Subsidiaries
Schedule of financial position of subsidiaries	MJP Lighting Solution Ltd. Net Assets $ 1,406 Net Liabilities $ (3,969 ) Consideration given up: Reacquisition of stock (130,000 ) Fair value of reacquired stock $ (650 ) Gain on disposal $ 3,213
Schedule of loss from discontinued operation	January 1, 2017 Revenue $ 1,987 Cost of goods sold 923 Gross profit 1,064 General & administration 5,352 Professional fees 200 Operating loss (4,488 ) Gain from sale of Energy Alliance 21,359 Gain from discontinued operations $ 16,871
Schedule of major classes of assets and liabilities	January 1, 2017 Cash $ 15,284 Inventory 1,010 Accounts payable (6,771 ) Credit card (2,549 ) Due to related party (28,239 ) Loan payable (9,057 ) Estimated warranty liabilities (2,852 ) Net liabilities (33,174 ) Non-controlling interest 3,576 Assumption of due to related party (28,239 ) Consideration for past services provided by Executive to the company 20,000 Gain on sale of Energy Alliance $ 21,359

CONVERTIBLE NOTE (Tables)

CONVERTIBLE NOTE (Tables)	12 Months Ended
	Jun. 30, 2018
Convertible Note
Schedule of convertible note payable	June 30, June 30, 2018 2017 Dated November 1, 2016 $ 4,439 $ 8,239 Dated January 1, 2017 - 1 10,489 14,289 Dated January 1, 2017 - 2 6,200 10,000 Dated January 1, 2017 - 3 3,422 3,468 Dated June 30, 2017 9,969 9,969 Dated April 1, 2018 -1 10,000 - Dated April 1, 2018 -2 10,000 - Dated June 30, 2018 28,376 Total convertible notes payable 82,895 45,965 Less: Unamortized debt discount - (2,746 ) Total convertible notes 82,895 43,219 Less: current portion of convertible notes 82,895 43,219 Long-term convertible notes $ - $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2018
Income Taxes Tables Abstract
Schedule of income tax benefit	June 30, June 30, 2018 2017 Federal income tax benefit attributed to: Net operating loss $ 25,237 $ 18,402 Valuation (25,237 ) (18,402 ) Net benefit $ - $ -
Schedule of deferred tax asset	June 30, June 30, 2018 2017 Deferred tax attributed: Net operating loss carryover $ 142,643 $ 117,406 Effect of change in the statutory rate (56,685 ) - Less: change in valuation allowance (85,958 ) (117,406 ) Net deferred tax asset - -

NATURE AND CONTINUANCE OF OPE_2

NATURE AND CONTINUANCE OF OPERATIONS (Details Narrative) - USD ($)	Feb. 05, 2016	Oct. 28, 2016	Jun. 30, 2018	Nov. 28, 2016
State of incorporation			Nevada
Date of incorporation			Oct. 24, 2012
Reverse stock split			Fifty (50) old for one (1) new basis
Human Energy Alliance Laboratories Corp [Member]
Issued and outstanding equity interests	80.00%
Share Exchange Agreement [Member]
Issued and outstanding equity interests		100.00%
Number of common shares in exchange for issued and outstanding equity interests		80,000
January 1, 2017 [Member]
Assumption of due to related party			$ (28,239)
Consideration for past services provided by Executive to the company			$ 20,000
Liao Zu Guo [Member] | Human Energy Alliance Laboratories Corp [Member]
Cash for acquisition of shares	$ 80,000
Liao Zu Guo [Member] | Share Exchange Agreement [Member]
Issued and outstanding equity interests		100.00%
Number of common shares in exchange for issued and outstanding equity interests		80,000
MJP Holdings Ltd [Member]
Issued and outstanding equity interests				100.00%
MJP Holdings Ltd [Member] | Liao Zu Guo [Member] | January 1, 2017 [Member]
Issued and outstanding equity interests			100.00%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Going Concern
Accumulated deficit	$ (2,367,299)	$ (626,563)

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Accounting Policies [Abstract]
Percentage of wholly owned subsidiaries	80.00%
Impairment of long-lived assets or goodwill	$ 20,000	$ 226,007

ASSETS ACQUISITION AND BUSINE_3

ASSETS ACQUISITION AND BUSINESS COMBINATION (Details)	Jun. 30, 2018USD ($)$ / sharesshares
Consideration given up:
Share issued | shares	80,000
Market price of the Company’s shares on October 28, 2016 | $ / shares	$ 2.50
Fair value of equity instrument issued	$ 200,000
Assets acquired/liabilities assumed:
Total assets	84,000
Total liabilities	(19,290)
Recognized intangible assets	135,290
Total	$ 200,000

ASSETS ACQUISITION AND BUSINE_4

ASSETS ACQUISITION AND BUSINESS COMBINATION (Details 1)	1 Months Ended
	Oct. 28, 2016USD ($)
Consideration given up:
Cash:	$ 80,000
Allocation of purchases price:
Cash and cash equivalents	3,754
Inventory	1,869
Liabilities assumed:
Accounts payable	(8,300)
Estimated warranty liabilities	(3,254)
Advances from Energy Alliance	(4,000)
Loan payable	(3,464)
Net assets acquired	(13,395)
Allocated to non-controlling interest	2,678
Intangible assets and goodwill	$ 90,717

ASSETS ACQUISITION AND BUSINE_5

ASSETS ACQUISITION AND BUSINESS COMBINATION (Details 2)	12 Months Ended
	Jun. 30, 2017USD ($)
Assets Acquisition And Business Combination Details 2Abstract
Revenue	$ 1,941
Net loss from operations	$ (11,779)

ASSETS ACQUISITION AND BUSINE_6

ASSETS ACQUISITION AND BUSINESS COMBINATION (Details Narrative) - USD ($)	Feb. 05, 2016	Oct. 28, 2016	Jun. 30, 2018
Recognized intangible assets			$ 135,290
Allocated to non-controlling interest		$ 2,678
Intangible assets and goodwill		$ 90,717
Percentage of wholly owned subsidiaries			80.00%
Share Exchange Agreement [Member]
Number of common shares in exchange for issued and outstanding equity interests		80,000
Issued and outstanding equity interests		100.00%
Liao Zu Guo [Member] | Share Exchange Agreement [Member]
Number of common shares in exchange for issued and outstanding equity interests		80,000
Issued and outstanding equity interests		100.00%
Heal [Member]
Allocated to non-controlling interest			$ (2,678)
Intangible assets and goodwill			$ 90,717
Human Energy Alliance Laboratories Corp [Member]
Issued and outstanding equity interests	80.00%
Human Energy Alliance Laboratories Corp [Member] | Liao Zu Guo [Member]
Business acquisition shares issued and outstanding	35,000,000
Proceeds from equity interest	$ 80,000

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details)	Jun. 30, 2018USD ($)$ / sharesshares
Consideration given up:
Share issued | shares	80,000
Market price of the Company’s shares on October 28, 2016 | $ / shares	$ 2.50
Fair value of equity instrument issued	$ 200,000
Assets acquired/liabilities assumed:
Total assets	84,000
Total liabilities	(19,290)
Recognized intangible assets	135,290
Total	$ 200,000
Intangible assets from the acquisition of Energy Alliance [Member]
Consideration given up:
Share issued | shares	80,000
Market price of the Company’s shares on October 28, 2016 | $ / shares	$ 2.5
Fair value of equity instrument issued	$ 200,000
Assets acquired/liabilities assumed:
Total assets	84,000
Total liabilities	(19,290)
Recognized intangible assets	135,290
Total	$ 200,000

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Details 1)	1 Months Ended
	Oct. 28, 2016USD ($)
Consideration given up:
Cash:	$ 80,000
Allocation of purchases price:
Cash and cash equivalents	3,754
Inventory	1,869
Liabilities assumed:
Accounts payable	(8,300)
Estimated warranty liabilities	(3,254)
Advances from Energy Alliance	(4,000)
Loan payable	(3,464)
Net assets acquired	(13,395)
Allocated to non-controlling interest	2,678
Intangible assets and goodwill	90,717
Intangible assets and good from the acquisition of HEAL [Member]
Consideration given up:
Cash:	80,000
Allocation of purchases price:
Cash and cash equivalents	3,754
Inventory	1,869
Liabilities assumed:
Accounts payable	(8,300)
Estimated warranty liabilities	(3,254)
Advances from Energy Alliance	(4,000)
Loan payable	(3,464)
Net assets acquired	(13,395)
Allocated to non-controlling interest	2,678
Intangible assets and goodwill	$ 90,717

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Recognized intangible assets	$ 135,290
Impairment of intangible assets and goodwill	20,000	$ 226,007
Patent of purchase	20,000
Patents [Member]
Impairment of intangible assets and goodwill	$ 0

DISPOSAL OF SUBSIDIARIES (Detai

DISPOSAL OF SUBSIDIARIES (Details)	1 Months Ended
	Nov. 28, 2016USD ($)
MJP Lighting Solution Ltd.
Net Assets	$ 1,406
Net Liabilities	(3,969)
Consideration given up:
Reacquisition of stock	(130,000)
Fair value of reacquired stock	(650)
Gain on disposal	$ 3,213

DISPOSAL OF SUBSIDIARIES (Det_2

DISPOSAL OF SUBSIDIARIES (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Revenue		$ 5,386
Cost of goods sold		4,480
Gross profit		906
General & administration	72,536	33,354
Professional fees	46,341	55,286
Operating loss	(118,877)	(87,734)
Gain from discontinued operations		$ 16,871
January 1, 2017 [Member]
Revenue	1,987
Cost of goods sold	923
Gross profit	1,064
General & administration	5,352
Professional fees	200
Operating loss	(4,488)
Gain from sale of Energy Alliance	21,359
Gain from discontinued operations	$ 16,871

DISPOSAL OF SUBSIDIARIES (Det_3

DISPOSAL OF SUBSIDIARIES (Details 2) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Due to related party	$ 186,281	$ 147,185
Net liabilities	309,682	$ 229,148
Gain on sale of Energy Alliance	21,359
January 1, 2017 [Member]
Cash	15,284
Inventory	1,010
Accounts payable	(6,771)
Credit card	(2,549)
Due to related party	(28,239)
Loan payable	(9,057)
Estimated warranty liabilities	(2,852)
Net liabilities	(33,174)
Non-controlling interest	3,576
Assumption of due to related party	(28,239)
Consideration for past services provided by Executive to the company	20,000
Gain on sale of Energy Alliance	$ 21,359

DISPOSAL OF SUBSIDIARIES (Det_4

DISPOSAL OF SUBSIDIARIES (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 28, 2016	Jun. 30, 2018	Jun. 30, 2017	Oct. 28, 2016	Oct. 04, 2016
Gain on disposal					$ 33,436
Gain on sale of Energy Alliance		$ 21,359
Foreign exchange translation adjustment		15,012	$ 658
Chris Tong Tang And Zhao Hui Ma [Member]
Stock returned to treasury for cancellation	130,000
January 1, 2017 [Member]
Assumption of due to related party		(28,239)
Consideration for past services s provided by Executive to the company		20,000
Gain on sale of Energy Alliance		$ 21,359
Energy Alliance [Member]
Issued and outstanding equity interests				100.00%
Energy Alliance [Member] | January 1, 2017 [Member]
Issued and outstanding equity interests		100.00%
Assumption of due to related party		$ 28,239
Consideration for past services s provided by Executive to the company		$ 20,000
MJP Holdings Ltd [Member]
Issued and outstanding equity interests	100.00%
Due to uncollectable receivables	$ 4,041

CONVERTIBLE NOTE (Details)

CONVERTIBLE NOTE (Details) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Total convertible notes payable	$ 82,895	$ 45,965
Less: Unamortized debt discount		(2,746)
Total convertible notes	82,895	43,219
Less: current portion of convertible notes	82,895	43,219
Long-term convertible notes
Convertible Notes Payable [Member]
Total convertible notes payable	28,376
Convertible Notes Payable [Member] | November 1, 2016 [Member]
Total convertible notes payable	4,439	8,239
Convertible Notes Payable [Member] | January 1, 2017 - 1 [Member]
Total convertible notes payable	10,489	14,289
Convertible Notes Payable [Member] | January 1, 2017 - 2 [Member]
Total convertible notes payable	6,200	10,000
Convertible Notes Payable [Member] | January 1, 2017 - 3 [Member]
Total convertible notes payable	3,422	3,468
Convertible Notes Payable [Member] | June 30, 2017 [Member]
Total convertible notes payable	9,969	9,969
Convertible Notes Payable [Member] | April 1, 2018 [Member]
Total convertible notes payable	10,000
Convertible Notes Payable [Member] | April 1, 2018 - 2 [Member]
Total convertible notes payable	$ 10,000

CONVERTIBLE NOTE (Details Narra

CONVERTIBLE NOTE (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Patent of purchase	$ 20,000
Convertible note beneficial conversion feature	28,376	$ 55,849
Amortization of debt discount	51,122	53,151
Interest expense	16,310	6,442
Accrued interest	23,727	6,703
Convertible note issued	$ 82,895	$ 43,219
Convertible Notes Payable [Member]
Convertible note conversion price	$ 0.01	$ 0.01
Convertible note bearing interest	30.00%	35.00%
Convertible note beneficial conversion feature	$ 28,376	$ 9,969
Operating expenses	$ 28,376	$ 9,969
Convertible Notes Payable [Member] | April 1, 2018 - 2 [Member]
Convertible note conversion price	$ 0.01
Patent of purchase	$ 10,000
Convertible note bearing interest	45.00%
Convertible note beneficial conversion feature	$ 10,000
Convertible note issued	$ 10,000
Convertible Notes Payable [Member] | April 1, 2018 - 1 [Member]
Convertible note conversion price	$ 0.01
Patent of purchase	$ 10,000
Convertible note bearing interest	45.00%
Convertible note beneficial conversion feature	$ 10,000
Convertible note issued	$ 10,000
Convertible Notes Payable [Member] | January 1, 2017 - 3 [Member]
Convertible note conversion price	$ 0.005
Amount due to relates parties	$ 3,352
Convertible Notes Payable [Member] | January 1, 2017 - 2 [Member]
Convertible note conversion price	$ 0.005
Amount due to relates parties	$ 14,289
Convertible note bearing interest	45.00%
Convertible note beneficial conversion feature	$ 14,289
Common stock converted, shares	760,000
Common stock converted, amount	$ 3,800
Convertible Notes Payable [Member] | January 1, 2017 [Member]
Convertible note conversion price	$ 0.005
Amount due to relates parties	$ 10,000
Convertible note bearing interest	45.00%
Convertible note beneficial conversion feature	$ 10,000
Common stock converted, shares	760,000
Common stock converted, amount	$ 3,800
Convertible Notes Payable [Member] | November 1, 2016 [Member]
Convertible note conversion price	$ 0.005
Amount due to relates parties	$ 18,239
Convertible note bearing interest	4.00%
Maturity date	Nov. 1, 2017
Convertible note beneficial conversion feature	$ 18,239
Common stock converted, shares	760,000
Common stock converted, amount	$ 3,800
Convertible Notes Two [Member] | January 1, 2017 - 3 [Member]
Convertible note bearing interest	45.00%
Convertible note beneficial conversion feature	$ 3,352

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Feb. 07, 2018
Due to related parties		$ 73,159
Accounts payable paid by related party	41,025
Convertible notes payable	82,895	43,219
Corporation due to related parties	186,281	147,185
Debt forgiveness		4,461
Accrued salary	65,000
Common stock issued shares for settlement of accrued salary			13,000,000
Loss on settlement of debt	1,549,439
January 1, 2017 [Member]
Convertible notes payable	27,641
Corporation due to related parties	$ (28,239)
On July 1, 2017 [Member]
Description of salary agreement	<font style="font: 10pt Times New Roman, Times, Serif">the Company shall pay a cash based base salary of $65,000 from July 1, 2017 through December 31, 2017</font></p>" id="sjs-B15">&lt;p style="margin: 0; text-align: justify">&lt;font style="font: 10pt Times New Roman, Times, Serif">the Company shall pay a cash based base salary of $65,000 from July 1, 2017 through December 31, 2017&lt;/font>&lt;/p>

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Dec. 21, 2017	Nov. 28, 2016	Jun. 30, 2018	Jun. 30, 2017	Oct. 28, 2016
Preferred stock, shares authorized			90,000,000	90,000,000
Preferred stock, par value			$ 0.0001	$ 0.0001
Preferred stock, shares issued			0	0
Preferred stock, shares outstanding			0	0
Common stock, shares authorized			100,000,000	100,000,000
Common stock, par value			$ 0.0001	$ 0.0001
Common stock, shares issued			15,579,749	299,400
Common stock, shares outstanding			15,579,749	299,400
Debt conversion, converted instrument, amount			$ 11,400	$ 10,000
Debt conversion, converted instrument, shares issued				40,000
Common stock shares issued for conversion of debr			2,280,000
Common stock shares issued for conversion of accrued salary			13,000,000
Conversion of accrued salary			$ 65,000
Common stock shares issued and outstanding after reverse stock split	349
Energy Alliance [Member]
Common stock, shares issued					80,000
Common stock exchange for equity interest					100.00%
Chris Tong Tang And Zhao Hui Ma [Member]
Stock returned to treasury for cancellation		130,000
Corporation One [Member]
Stock repurchased during period				770
Purchase price per share				$ 3.42
Corporation [Member]
Stock repurchased during period				12,000
Purchase price per share				$ 1.712

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Federal income tax benefit attributed to:
Net operating loss	$ 25,237	$ 18,402
Valuation	25,237	18,402
Net benefit

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Deferred tax attributed:
Net operating loss carryover	$ 142,643	$ 117,406
Effect of change in the statutory rate	(56,685)
Less: change in valuation allowance	(85,958)	(117,406)
Net deferred tax asset

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Net operating loss carry forwards	$ 142,643	$ 117,406
Federal income tax	21.00%
UNITED STATES
Net operating loss carry forwards	$ 409,324	$ 289,149
Carryforward expiration year	2,033

SUBSEQUENT EVENT (Details Narra

SUBSEQUENT EVENT (Details Narrative) - USD ($)	Jul. 05, 2018	Jun. 30, 2018	Jun. 30, 2017
Convertible notes issued		$ 82,895	$ 43,219
Due to related parties		$ 186,281	$ 147,185
Subsequent Event [Member]
Convertible notes issued	$ 60,000
Conversion price	$ 0.01
Due to related parties	$ 146,975
Subsequent event description	<font style="font: 10pt Times New Roman, Times, Serif">The convertible notesare unsecured, bears interest at 30% per annum, has no maturity date and due on demand.</font></p>" id="sjs-B8">&lt;p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&lt;font style="font: 10pt Times New Roman, Times, Serif">The convertible notesare unsecured, bears interest at 30% per annum, has no maturity date and due on demand.&lt;/font>&lt;/p>
Interest rate	30.00%