Legacy Ventures International (LGYV) 10-K 16 Oct 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2017	Oct. 16, 2017	Dec. 31, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	LEGACY VENTURES INTERNATIONAL INC.
Entity Central Index Key	1,616,788
Trading Symbol	LGYV
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-K
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 500
Entity Common Stock, Shares Outstanding		315,064

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2017	Jun. 30, 2016
CURRENT ASSETS
Cash	$ 89	$ 2,993
Accounts and other receivable, net of allowance (Notes 4 & 5)		264,880
Inventories		78,891
Harmonized sales tax recoverable		24,071
Total current assets	89	370,835
TOTAL ASSETS	89	370,835
CURRENT LIABILITIES
Accounts payable and accrued liabilities (Notes 4 & 6)	16,541	326,476
Due to stockholders (Notes 4 & 7)		19,455
Due to related parties (Notes 4 & 11)		60,145
Notes payable (Note 8)		51,794
Total current liabilities	16,541	457,870
TOTAL LIABILITIES	16,541	457,870
STOCKHOLDERS' DEFICIENCY
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no share issued and outstanding as at June 30, 2017 and June 30, 2016 (Note 10)
Common stock, $0.0001 par value, 100,000,000 shares authorized, 315,064 common shares issued and outstanding as at June 30, 2017 (June 30, 2016 - 29,527 common shares) (Note 10)	32	3
Additional paid-in-capital	5,894,772	3,769,431
Accumulated other comprehensive loss (Note 4)		22,867
Accumulated deficit	(5,911,256)	(3,879,336)
Total stockholders' deficiency	(16,452)	(87,035)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 89	$ 370,835

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Jun. 30, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	315,064	29,527
Common stock, shares outstanding	315,064	29,527

Statements of Operations and Co

Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
REVENUE	$ 74,042	$ 200,265
COST OF SALES	50,665	126,819
GROSS PROFIT	23,377	73,446
OPERATING EXPENSES
Professional fees	41,644	1,412,606
Management fees (Notes 4 & 11)	2,119,194	152,283
General expenses	534	117,265
TOTAL OPERATING LOSS	(2,137,995)	(1,608,708)
OTHER (INCOME) EXPENSES
Net gain due to loss of control in subsidiary	(84,021)
Impairment of goodwill (Note 4)		2,101,785
Interest and bank charges	933	8,694
Amortization expense (Note 4)		70,350
Forgiveness of loan (Note 9)	(22,987)	(17,974)
NET LOSS BEFORE INCOME TAXES	(2,031,920)	(3,771,563)
Income taxes (Note 12)
NET LOSS	(2,031,920)	(3,771,563)
Translation adjustment		22,965
COMPREHENSIVE LOSS	$ (2,031,920)	$ (3,748,598)
LOSS PER SHARE, BASIC AND DILUTED	$ (22.63)	$ (108.27)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	89,779	34,835

Statement of Stockholders' Equi

Statement of Stockholders' Equity Deficiency - USD ($)		Total	Common stock		Additional paid in capital	Accumulated Deficit	Accumulated other comprehensive loss
Beginning balance at Jun. 30, 2015		$ (39,788)	$ 5	[1]	$ 68,078	$ (107,773)	$ (98)
Beginning balance, shares at Jun. 30, 2015	[1]		51,800
Issuance of shares for Services		1,191,351		[1]	1,191,351
Issuance of shares for Services, shares	[1]		1,185
Issuance of shares on acquisition		2,180,000		[1]	2,180,000
Issuance of shares on acquisition, shares	[1]		2,000
Issuance of shares on conversion of notes		182,580		[1]	182,580
Issuance of shares on conversion of notes, shares	[1]		180
Private Placements		150,000		[1]	150,000
Private Placements, shares	[1]		162
Cancellation of shares		(2,580)	$ (2)	[1]	(2,578)
Cancellation of shares, shares	[1]		(25,800)
Loss for the year		(3,771,563)		[1]		(3,771,563)
Cumulative translation adjustment		22,965		[1]			22,965
Ending balance at Jun. 30, 2016		(87,035)	$ 3	[1]	3,769,431	(3,879,336)	22,867
Ending balance, shares at Jun. 30, 2016	[1]		29,527
Issuance of shares for Services		2,105,370	$ 29	[1]	2,105,341
Issuance of shares for Services, shares	[1]		285,537
Issuance of notes payable		20,000		[1]	20,000
Transferred to statement of operations due to loss of control (Note 4)		(22,867)		[1]			(22,867)
Loss for the year		(2,031,920)		[1]		(2,031,920)
Ending balance at Jun. 30, 2017		$ (16,452)	$ 32	[1]	$ 5,894,772	$ (5,911,256)
Ending balance, shares at Jun. 30, 2017	[1]		315,064
[1]	Number of shares have been adjusted retroactively for the reverse split as explained in Note 10 to the financial statements.

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) for the period	$ (2,031,920)	$ (3,771,563)
Adjustments to reconcile net loss to net cash used in operations:
Net gain due to loss of control in subsidiary	(84,021)
Impairment of goodwill		2,101,785
Issuance of shares for services	2,105,370	1,197,117
Amortization expense		70,350
Provision for bad debts		48,943
Forgiveness of loan	(22,987)	(17,974)
Changes in operating assets and liabilities:
Accounts receivable		(216,838)
Inventories		(50,074)
Harmonized sales tax recoverable		(21,476)
Prepaid expenses		1,961
Due to related parties		58,598
Accounts payable and accrued liabilities	(407)	366,664
Net cash used in operating activities	(33,965)	(232,507)
INVESTING ACTIVITIES
Cash acquired on acquisition		3,671
Net cash provided by investing activities		3,671
CASH FLOWS FROM FINANCING ACTIVITIES
Due to stockholders	31,061	(17,245)
Proceeds from issuance of common stock		150,000
Proceeds from issuance of notes payable		205,794
Net cash provided by financing activities	31,061	338,549
Net increase in cash during the year	(2,904)	109,713
Effect of foreign currency translation		(110,100)
Cash, beginning of the year	2,993	3,380
Cash, end of the year	$ 89	$ 2,993

Nature of Operations

Nature of Operations	12 Months Ended
	Jun. 30, 2017
Nature of Operations [Abstract]
NATURE OF OPERATIONS	1. NATURE OF OPERATIONS Legacy Ventures International, Inc. (the “Company”) is a Management Company incorporated on March 4, 2014 in the State of Nevada. Upon its acquisition of RM Fresh Brands Inc. (formerly Influx Global Media Inc.) [“RM Fresh”], it was engaged in the food and beverage distribution business whose principal place of business is located at 2215-B Renaissance Drive, Las Vegas, Nevada, 89119 USA. On September 30, 2015 (the “Closing”), the Company entered into a Share Exchange Agreement (the “Agreement”) with and among RM Fresh and its stockholders. Pursuant to the Agreement, the Company acquired 100% of the issued and outstanding shares of RM Fresh in exchange for the issuance of 2,000,000 of the Company’s common stock. As a result of this transaction, RM Fresh became a wholly owned subsidiary of the Company and the former stockholders of RM Fresh owned approximately 7% of the Company’s common stock. RM Fresh was incorporated on July 29, 2008 under the laws of the Province of Ontario, Canada and is engaged in the business of trading and distribution of food, beverages and body care products. On August 31, 2016, the Company entered into a group of transactions related to RM Fresh. In order to fund the ongoing operation and further development of RM Fresh, the Company consented to new third party investments into RM Fresh in the approximate total amount of $175,000, made in the form of cash and retirement of indebtedness owed to it. As a result of these new investments, the Company’s ownership percentage of RM Fresh has been reduced to twenty percent (20%). In addition, the Company entered into a new Shareholder Agreement with RM Fresh, under which the Company’s shares in RM Fresh are subject to certain restrictions on transfer until such time as the Company declares a stockholder dividend of its RM Fresh shares following a going public transaction by RM Fresh, or in the alternative, for one (1) year after RM Fresh completes a going public transaction.

Going Concern

Going Concern	12 Months Ended
	Jun. 30, 2017
Going Concern [Abstract]
GOING CONCERN	2. GOING CONCERN The Company’s financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the current year, the Company has incurred recurring losses from operations and as at June 30, 2017 has a working capital deficiency of $16,452, and accumulated deficit of $5,911,256 which has primarily arisen from a non-cash goodwill impairment charge during the year ended June 30, 2016. Further, as explained in Note 1, on August 31, 2016, the Company’s ownership percentage of RM Fresh has been reduced to 20%. The Company’s continued existence is dependent upon its ability to continue to execute its operating plan and to obtain additional debt or equity financing. There can be no assurance that the necessary debt or equity financing will be available, or will be available on terms acceptable to the Company, in which case the Company may be unable to meet its obligations. Should the Company be unable to realize its assets and discharge its liabilities in the normal course of business, the net realizable value of its assets may be materially less than the amounts recorded in the financial statements. The financial statements do not include any adjustments relating to the recoverability of recorded asset amounts that might be necessary should the Company be unable to continue in existence.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and are expressed in United States dollars (“USD”). The Company’s fiscal year-end is June 30. The parent Company’s functional currency is US dollar and the Company’s reporting currency is U.S. dollar. The financial statements of the Company as at, June 30, 2017, do not include the assets and liabilities of RM Fresh, which is no longer a wholly-owned subsidiary effective August 31, 2016, as described in Note 4. Cash Cash includes cash on hand and balances with banks. Inventories Inventories which comprise of finished goods, is valued at the lower of cost and market value, with cost being determined on a first-in, first-out basis. The cost of finished goods consists of purchase price, freight, custom duties and other delivery expenses. Net realizable value is the estimated selling price in the ordinary course of business, less any applicable selling costs. The Company evaluate the carrying value of inventory on a regular basis, taking into account such factors as historical and anticipated future sales compared with quantities on hand and the price the Company expects to obtain for products in market compared with historical cost. Revenue Recognition The Company recognizes revenues when they are earned, specifically when all of the following conditions are met: ● ownership of the goods have been transferred to the customers. Ownership of the goods is transferred to the customers when the good are transferred to a designated carrier in accordance with shipping terms agreed with the customer. ● there is persuasive evidence that an arrangement exists; ● there are no significant obligations remaining; ● amounts are fixed or can be determined; and ● the ability to collect is reasonably assured. Accounts Receivable Accounts receivable are stated at outstanding balances, net of an allowance for doubtful accounts. The allowance for doubtful accounts is established through provisions charged against income. Accounts deemed to be uncollectible are charged against the allowance and subsequent recoveries, if any, are credited to the allowance. Management’s periodic evaluation of the adequacy of the allowance is based on past experience, ageing of the receivables, adverse situations that may affect a customer’s ability to pay, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires estimates that may be susceptible to significant change. Unpaid balances remaining after the stated payment terms are considered past due. The Company routinely assesses the financial strength of its customers and, therefore, believes that its accounts receivable credit risk exposure is limited. Segment Reporting The Company operates in one operating and geographical segment based on the activities for the Company in accordance with ASC Topic 280-10. Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. All the sales of the Company are in Canada. Goodwill and Identifiable Intangible Assets Goodwill and other identifiable intangible assets with indefinite lives that are not being amortized, such as trade names, are tested at least annually for impairment and are written down if impaired. Identifiable intangible assets with finite lives are amortized over their estimated useful lives and are reviewed for impairment whenever facts and circumstances indicate that their carrying values may not be fully recoverable. The intangible assets with definite lives are being amortized over its estimated useful lives of 5 years using the straight-line method. Earnings (Loss) Per Share The Company has adopted the Financial Accounting Standards Board’s (“FASB”) Topic 260-10 which provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. Diluted earnings per share exclude all potentially dilutive shares if their effect is anti-dilutive. There were no potentially dilutive shares outstanding as at June 30, 2017 and June 30, 2016. Foreign Currency Translation The Company’s functional currency is US dollar and subsidiary’s functional currency is Canadian (“CDN”) dollar. The Company’s reporting currency is U.S. dollar. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities are translated using the historical rate on the date of the transaction. All exchange gains or losses arising from translation of these foreign currency transactions are included in net income (loss) for the year. In translating the financial statements of the Company’s subsidiary from their functional currency into the Company’s reporting currency of US dollars, balance sheet accounts are translated using the closing exchange rate in effect at the balance sheet date for monetary items and using the historical rate on the date of the transaction for non-monetary items, and income and expense accounts are translated using an average exchange rate prevailing during the reporting period. The translation gains and losses resulting from the changes in exchange rates are reported in accumulated other comprehensive gain (loss). Shipping and Handling Costs The Company accounts for shipping and handling fees in accordance with FASB ASC Topic 705 “Cost of Sales and Services”. Costs related to raw materials purchased, are included in inventory or cost of goods sold, as appropriate. While amounts charged to customers for shipping product are included in revenues, the related outbound freight costs are included in expenses as incurred. Fair Value of Financial Instruments ASC Topic 820 “ Fair Value Measurements and Disclosures Level 1 - Valuation based on quoted market prices in active markets for identical assets or liabilities. Level 2 - Valuation based on quoted market prices for similar assets and liabilities in active markets. Level 3 - Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management’s best estimate of what market participants would use as fair value. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments or interest rates that are comparable to market rates. These financial instruments include due from a shareholder, accounts receivable, accounts payable, accrued expenses, due to related parties/stockholders and note payable. The Company’s cash, which is carried at fair value, is classified as a Level 1 financial instruments. Bank accounts are maintained with financial institutions of reputable credit, therefore, bear minimal credit risk. Income Taxes The Company accounts for under ASC Topic 740 Accounting for Income Taxes. The Company provides for federal and provincial income taxes payable, as well as for those deferred because of the timing differences between reporting income and expenses for financial statement purposes versus tax purposes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recoverable or settled. The effect of a change in tax rates is recognized as income or expense in the period of the change. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount that is more likely than not to be realized. Impairment of Long-Lived Assets In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset or asset group, discounted at a rate commensurate with the risk involved. The Company has assessed its long-lived assets and as of June 30, 2016 has determined that there is an impairment of intangible assets amounting to $2,101,785 (June 30, 2017 – Nil) as explained in Note 4. Stock Based Compensation The Company accounts for share-based payments in accordance with the provision of ASC 718, which requires that all share-based payments issued to acquire goods or services, including grants of employee stock options, be recognized in the statement of operations based on their fair values, net of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Compensation expense related to share-based awards is recognized over the requisite service period, which is generally the vesting period. The Company accounts for stock based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the guidelines in ASC 505-50. The Company issues compensatory shares for services including, but not limited to, executive, management, accounting, operations, corporate communication, financial and administrative consulting services. Recently Issued Accounting Pronouncements In January 2017, an accounting pronouncement was issued by the Financial Accounting Standards Board (“FASB”) to simplify the accounting for goodwill impairment. This guidance eliminates the requirement that an entity calculates the implied fair value of goodwill when measuring an impairment charge. Instead, an entity would record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value. This pronouncement is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The adoption is required to be applied on a prospective basis. The adoption of this pronouncement did not have a material impact on the financial position and/or results of operations. The Company adopted the accounting pronouncement issued by the FASB to update guidance on how companies account for certain aspects of share-based payments to employees. This pronouncement is effective for fiscal years beginning after December 15, 2016, and interim periods within those years, with early adoption permitted. This guidance requires all income tax effects of awards to be recognized in the statements of operations when the awards vest or are settled and changes the presentation of excess tax benefits on the statement of cash flows. The Company adopted these provisions on a prospective basis. In addition, this pronouncement changes guidance on: (a) accounting for forfeitures of share-based awards and (b) employers’ accounting for an employee’s use of shares to satisfy the employer’s statutory income tax withholding obligation. The adoption of this pronouncement did not have a material impact on the financial position and/or results of operations. In March 2016, the Company adopted the accounting pronouncement issued by the FASB to update guidance on how companies account for certain aspects of share-based payments to employees. This pronouncement is effective for fiscal years beginning after December 15, 2016, and interim periods within those years, with early adoption permitted. This guidance requires all income tax effects of awards to be recognized in the statements of operations when the awards vest or are settled and changes the presentation of excess tax benefits on the statement of cash flows. The Company adopted these provisions on a prospective basis. In addition, this pronouncement changes guidance on: (a) accounting for forfeitures of share-based awards and (b) employers’ accounting for an employee’s use of shares to satisfy the employer’s statutory income tax withholding obligation. The adoption of this pronouncement did not have a material impact on the Company’s financial position and/or results of operations In February 2016, an accounting pronouncement was issued by the FASB to replace existing lease accounting guidance. This pronouncement is intended to provide enhanced transparency and comparability by requiring lessees to record right-of-use assets and corresponding lease liabilities on the balance sheet for most leases. Expenses associated with leases will continue to be recognized in a manner similar to current accounting guidance. This pronouncement is effective for annual and interim periods beginning after December 15, 2018, with early adoption permitted. The adoption is required to be applied on a modified retrospective basis for each prior reporting period presented. The Company has not yet determined the effect that the adoption of this pronouncement may have on the financial position and/or results of operations. On January 1, 2016, the Company adopted the accounting pronouncement issued by the FASB which eliminates the requirement that an acquirer in a business combination account for measurement-period adjustments retrospectively. Instead, an acquirer will recognize a measurement-period adjustment during the period in which it determines the amount of the adjustment. The adoption of this pronouncement did not have a material impact on the financial position and/or results of operations. On January 1, 2016, the Company adopted the accounting pronouncement issued by the FASB to update the guidance related to the presentation of debt issuance costs. This guidance requires debt issuance costs, related to a recognized debt liability, be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability rather than being presented as an asset. The Company adopted this pronouncement on a retrospective basis, and the adoption did not have a material impact on the financial position and/or results of operations.

Business Acquisition and Subseq

Business Acquisition and Subsequent Loss of Control	12 Months Ended
	Jun. 30, 2017
Business Acquisition and Subsequent Loss of Control [Abstract]
BUSINESS ACQUISITION AND SUBSEQUENT LOSS OF CONTROL	4. BUSINESS ACQUISITION AND SUBSEQUENT LOSS OF CONTROL Business Acquisition: On September 30, 2015 (the “Closing”), the Company entered into a Share Exchange Agreement (the “Agreement”) with and among RM Fresh and its shareholders. Pursuant to the Agreement, the Company acquired 100% of the issued and outstanding shares of RM Fresh in exchange for the issuance of 2,000,000 shares of the Company’s common stock. As a result of this transaction, RM Fresh became a wholly owned subsidiary of the Company and the former shareholders of RM Fresh owned approximately 7% of the Company’s shares of common stock. This acquisition was accounted for using the acquisition method of accounting. The purchase consideration of 2,000,000 shares of the Company’s common stock were fair valued at $2,180,000. Amortization expense of $70,350 on acquired intangible assets were recorded for the year ended June 30, 2016. As at June 30, 2016, the remaining carrying value of intangibles including goodwill amounting in total to $2,101,785 were impaired since the carrying value was less than the fair value. Loss of Control: On August 31, 2016, the Company entered into a group of transactions related to RM Fresh. In order to fund the ongoing operation and further development of RM Fresh, the Company consented to new third party investments into RM Fresh in the approximate total amount of $175,000, made in the form of cash and retirement of indebtedness owed by RM Fresh, reducing the Company’s ownership percentage of RM Fresh to twenty percent (20%) and is thus accounted for as an available for sale investment. As a result, the financial statements of the Company as at, December 31, 2016, do not include the assets and liabilities of RM Fresh, which is no longer a wholly-owned subsidiary effective August 31, 2016, while the balance sheet as at June 30, 2016 is and contains the accounts of RM Fresh. The statement of operations of the Company includes the results of the operations of RM Fresh up to August 31, 2016, which is the effective date of change in control, due to loss of control in RM Fresh and consequent de-consolidation. The fair value of the assets and liabilities as at August 31, 2016 and the carrying value of the investments, which resulted in the Company recording a gain of $61,154 in the statement of operations, is as follows: Fair value as at August 31, 2016 Cash 12,720 Accounts receivable 250,203 Inventories 78,891 Harmonized sales tax recoverable 24,071 Total assets 365,885 Accounts payable 307,571 Due to stockholders 7,529 Due to related parties 60,145 Notes payable 51,794 Total liabilities 427,039 Net liabilities 61,154 Purchase consideration value of investments in RM Fresh shares on date of acquisition 2,180,000 Impairment recorded until June 30, 2016 (2,180,000 ) Carrying value of investments in RM Fresh shares on date of change in control - Gain on date of change in control due to deconsolidation of net liabilities of RM Fresh 61,154 The Company recognized net gain due to loss of control of $84,021 comprising of $61,154 as explained above and $22,867 being translation adjustment. Management has concluded that the entire available for sale investment in RM Fresh is impaired and hence the investment is written off.

Accounts and Other Receivable

Accounts and Other Receivable	12 Months Ended
	Jun. 30, 2017
Accounts and Other Receivable [Abstract]
ACCOUNTS AND OTHER RECEIVABLE	5. ACCOUNTS AND OTHER RECEIVABLE Accounts and other receivables as at June 30, 2017 are nil. Accounts and other receivables as at June 30, 2016 represent trade accounts receivable of $130,343, net of allowance of $48,943, and other receivable of $134,537. Other receivable relates to a distributor listing fee recoverable from a supplier under an arrangement with the Company. All these balances related to RM Fresh.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	12 Months Ended
	Jun. 30, 2017
Accounts Payable and Accrued Liabilities [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	6. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities as at June 30, 2017 include accrued liabilities amounting to $13,000 ($264,875 as at June 30, 2016).

Due to Stockholders

Due to Stockholders	12 Months Ended
	Jun. 30, 2017
Due to Stockholders [Abstract]
DUE TO STOCKHOLDERS	7. DUE TO STOCKHOLDERS Amount due to stockholders were unsecured, interest free and were repayable on demand.

Notes Payable

Notes Payable	12 Months Ended
	Jun. 30, 2017
Notes Payable [Abstract]
NOTES PAYABLE	8. NOTES PAYABLE On August 21, 2015 the Company issued $180,000 convertible notes payable bearing interest at 10% p.a. repayable on February 21, 2017. The principal amount and accrued interest were convertible into common stock of the Company at the option of the holder at any time from the date of issuance at $1. The Company concluded that there is no beneficial conversion feature determined in accordance with the guidance provided in ASC 470. Accordingly, these notes were recognized as liability at the time of issuance. On September 30, 2015 all the Holders exercised their right to convert the outstanding principal amount of these notes, into the Company’s common stock at a price of $1.00 per stock (Note 10). Outstanding notes payable of $51,794 on June 30, 2016 represents unsecured promissory notes amounting to $26,000 and $25,794 issued on April 1, 2015 and March 4, 2016, respectively bearing interest at 20% and 12% per annum, respectively, repayable within a year from issuance date. Interest accrued on these notes during the year ended June 30, 2016 amounted to $6,218. As explained in Note 4, as a result of loss of control, these notes were deconsolidated. On June 28, 2017 the Company issued $20,000 of unsecured convertible promissory notes (“Notes”) against the balance Due to Shareholders. The Notes mature on February 28, 2018 and bear interest at a rate of 8% per annum. The Notes are convertible into the Common Stock of the Company at a fixed conversion rate of $0.75 per share at any time prior to the maturity date. The Company evaluated the terms and conditions of the Notes under the guidance of ASC 815, Derivatives and Hedging. The conversion feature met the definition of conventional convertible for purposes of applying the conventional convertible exemption. The definition of conventional contemplates a limitation on the number of shares issuable under the arrangement. The instrument was convertible into a fixed number of shares and there were no down round protection features contained in the contracts. The Company was required to consider whether the hybrid contracts embodied a beneficial conversion feature (“BCF”). The calculation of the effective conversion amount resulted in a BCF because the fair value of the conversion was greater than the Company’s stock price on the date of issuance and a BCF was recorded in the amount of $20,000 and accordingly the amount of $20,000 was credited to Additional Paid in Capital. The BCF which represents debt discount is accreted over the life of the loan using the effective interest rate. For the year ended June 30, 2017, the Company recorded no interest expense related to debt discount.

Forgiveness of Loan

Forgiveness of Loan	12 Months Ended
	Jun. 30, 2017
Forgiveness of Loan [Abstract]
FORGIVENESS OF LOAN	9. FORGIVENESS OF LOAN During year ended June 30, 2016, loan amounting to $17,974 provided by a related party to RM Fresh before acquisition to meet the working capital requirements was forgiven in favour of the Company. During year ended June 30, 2017, a loan amounting to $22,987 provided by a shareholder to meet the working capital requirements was forgiven in favour of the Company.

Stockholders' Deficiency

Stockholders' Deficiency	12 Months Ended
	Jun. 30, 2017
Stockholders' Deficiency [Abstract]
STOCKHOLDERS' DEFICIENCY	10. STOCKHOLDERS’ DEFICIENCY COMMON STOCK - AUTHORIZED As at June 30, 2017, the Company authorized to issue 10,000,000 of preferred stock, with a par value of $0.0001 and 100,000,000 shares of common stock, with a par value of $0.0001 COMMON STOCK - ISSUED AND OUTSTANDING On September 9, 2015, the Board of Directors and stockholders of the Company approved a Certificate of Amendment to its Articles of Incorporation to increase the par value of Company’s common stock and preferred stock from no par value to $0.0001 per stock and approved a 1:7 forward split upon the increase of the par value. As a result, the issued and outstanding common stock of the Company increased from 7,400,000 shares prior to the Forward Split to 51,800,000 shares following the Forward Split. Prior year amounts were restated from the earliest period presented, to reflect the effect of the forward split. On September 30, 2015, the Company issued 2,000,000 (2,000 post reverse split) shares of common stock to the former stockholders of RM Fresh pursuant to Share Exchange Agreement. Further, the Principal stockholder of the Company agreed to cancel 25,800,000 (25,800 post reverse split) shares of common stock in accordance with the Cancellation Agreement. As explained in Note 8, on September 30, 2015 the holders of convertible notes payable exercised their option to convert the notes payable including interest into shares at a price of $1 per stock with the resultant issuance of 180,000 (180 post reverse split) shares. During October and December 2015, the Company issued 92,000 (92 post reverse split) shares of common stock to three investors at a price of $1.25 per common stock and received gross proceeds of $115,000. On October 1, 2015, the Company issued 250,000 (250 post reverse split) shares of common stock to a director in connection with joining the board of directors. These shares were fair valued at $337,500, determined based on the market price on the date of issuance, and recorded as expense under professional fees in the statement of operations. During October and December 2015, the Company issued 335,000 (335 post reverse split) shares of common stock to various third parties in connection with providing consulting services. These shares were fair valued at $452,350, and expensed during the year ended March 31, 2016. During February 2016, the Company issued 70,000 (70 post reverse split) shares of common stock to one investor at a cash price of $0.50 per common stock and received gross proceeds of $35,000. On January 8, 2016 and March 31, 2016, the Company issued 250,000 (250 post reverse split) shares of common stock each (in totality 500 post reverse split) to two directors in connection with joining the board of directors. These shares were fair valued at $290,000 and $22,500 respectively, determined based on the market price on the date of issuance, and expensed during the year ended March 31, 2016. On January 26, 2016, the Company issued 100,000 (100 post reverse split) shares of common stock to third parties in connection with providing consulting services. These shares were fair valued at $89,000, determined based on the market price on the date of issuance, and expensed during the year ended March 31, 2016. On October 28, 2016, the Company issued 35,537,000 (35,537 post reverse split) shares of common stock to the CEO, as consideration for management services. These shares were fair valued at $355,370, determined based on the market price on the date of issuance, and recorded in the statement of operations as management fees during the year ended June 30, 2017. On November 16, 2016, the Board of Directors and stockholders of the Company approved a 1:1000 reverse split. As a result, the issued and outstanding common stock of the Company decreased from 65,064,000 shares prior to the reverse split to 65,064 shares following the reverse split. Prior year amounts have been restated from the earliest period presented, to reflect the effect of the reverse split. On May 9, 2017, the Company issued 250,000 shares (post reverse split shares) of common stock to the CEO, as consideration for management services. These shares were fair valued at $1,750,000, determined based on the market price on the date of issuance, and recorded in the statement of operations as management fees during the year ended June 30, 2017 At June 30, 2017, there were 315,064 shares of common stock issued and outstanding of which 300,247 shares are restricted while 14,817 shares are unrestricted (June 30, 2016 – 29,527 shares of common stock - 15,247 shares restricted and 14,280 shares unrestricted). The restricted shares have been issued to various parties through private placements, as start-up capital or as consideration for professional services. These restricted shares will be available for sale under Rule 144 of the Securities Act of 1933, as amended, when the conditions of Rule 144 have been met.

Related Party Transactions and

Related Party Transactions and Balances	12 Months Ended
	Jun. 30, 2017
Related Party Transactions and Balances [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES	11. RELATED PARTY TRANSACTIONS AND BALANCES The Company’s transactions with related parties were, in the opinion of the management, carried out on normal commercial terms and in the ordinary course of the Company’s business. Other than disclosed elsewhere in the financial statements, the other related party transaction is management fees of $Nil for the year ended June 30, 2017 (year ended 2016: $152,283) charged by entities owned by the shareholders of the Company for providing warehousing and other logistic services. Amounts owed to entities owned by the stockholders in respect of these services were $Nil as at June 30, 2017 (June 30, 2016: $60,145). Further as explained in note 10, management fee for year ended June 30, 2017 include $2,105,370 representing issuance of 35,537,000 shares of common stock (pre reverse split) and 250,000 shares of common stock (post reverse split) issued to the then CEO of the Company.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2017
Income Taxes [Abstract]
INCOME TAXES	12. INCOME TAXES Income taxes The provision for income taxes differs from that computed at the corporate tax rate of approximately 39% for the year ended June 30, 2017 (computed tax rate for the year ended June 30, 2016 - 34%) as follows: 2017 2016 Net Loss for the year $ 2,031,920 $ 3,771,563 Expected Income Tax recovery 792,831 1,274,906 Tax effect of expenses not deductible for income tax (779,737 ) (1,107,901 ) Change in valuation allowance (13,094 ) (167,005 ) Deferred tax assets, net of valuation allowance - - Deferred tax assets Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Net deferred tax assets consist of the following components as of June 30: 2017 2016 Deferred Tax Assets – Non-current: Tax effect of NOL Carryover $ 247,799 $ 209,298 Less valuation allowance (247,799 ) (209,298 ) Deferred tax assets, net of valuation allowance - - At June 30, 2017 the Company had net operating loss carry forwards of approximately $635,382 (June 30, 2016: $601,824) that may be offset against future taxable income from the year 2018 to 2037. No tax benefit has been reported in the June 30, 2017 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS The Company’s management has evaluated subsequent events up to October 13, 2017, the date the financial statements were issued, pursuant to the requirements of ASC Topic 855 and has determined the following significant subsequent event to report: Name Change On September 5, 2017, the Board of Directors of the Company (the “Board”) approved, and recommended to the Majority Stockholders that they approve the Name Change. On September 5, 2017, the Majority Stockholders approved the Action by written consent in lieu of a meeting, in accordance with Nevada law. The Majority Stockholders authorized amending the Company’s Certificate of Incorporation, as amended, to change the name of the Company from Legacy Ventures International, Inc. to Nexalin Technology, Inc. (the “Name Change”). The Company is in the process of completing legal formalities to amend the Certificate of Incorporation. The name change will take effect from the date these formalities. Changes in Control of Registrant. Effective from July 7, 2017, Randall Letcavage entered into a stock purchase agreement for the acquisition of an aggregate of 286,720 shares of Common Stock of the Company, representing approximately 91% of the issued and outstanding shares of Common Stock of the Company as of such date, from Rehan Saeed, the previous majority shareholder of the Company. The Purchase Agreement was fully executed and delivered, and the transaction consummated as of and at July 7, 2017. Consequently, Mr. Letcavage is now able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company. In addition, on the Closing Date, Rehan Saeed resigned his positions as executive officers of the Company. On the Closing date, the Board appointed Randall Letcavage as a director, effective immediately. Entry into a Material Definitive Agreement. Effective September 11, 2017 (the “Closing Date”), Legacy Ventures International, Inc., (the “Company”) entered into that certain Share Exchange Agreement (the “Share Exchange Agreement”), dated as of September 1, 2017, by and among the Company, Nexalin Technology, Inc., a Nevada corporation (“Nexalin”) and shareholders of Nexalin holding a majority of the issued and outstanding shares of Nexalin common stock (the “Nexalin Shareholders”). Pursuant to the Share Exchange Agreement, the Company agreed to exchange the outstanding equity stock of Nexalin held by the Nexalin Shareholders for units (the “Units”) consisting of an aggregate of approximately 25,000,000 newly issued shares of the Common Stock, $0.001 par value, of the Company and warrants (the “Warrants”) to purchase an aggregate of approximately 25,000,000 newly issued shares of the Common Stock, $0.001 par value, of the Company. The warrants are two-year warrants exercisable at the end of one year for exercise prices between $1.50 and $1.75 per share, payable in cash. The warrants are must be promptly exercised, and subject to forfeiture if not so exercised, if the Company’s shares achieve a trading price of $3.00 or more for 30 consecutive days. At the Closing Date, the Company approved the issuance of approximately 15,500,000 shares of common stock to the Nexalin shareholders, together with warrants for the purchase of an additional 15,500,000 shares and reserved approximately 9,500,000 additional shares, together with the related warrants, for the issuance to remaining Nexalin shareholders who are expected to execute and deliver the Share Exchange Agreement, including approximately 1,100,000 shares and related warrants issuable immediately to consultants in connection with the transactions contemplated by the Share Exchange Agreement. As a result of the Share Exchange Agreement and the other transactions contemplated thereunder, Nexalin is now a majority subsidiary of the Company.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and are expressed in United States dollars (“USD”). The Company’s fiscal year-end is June 30. The parent Company’s functional currency is US dollar and the Company’s reporting currency is U.S. dollar. The financial statements of the Company as at, June 30, 2017, do not include the assets and liabilities of RM Fresh, which is no longer a wholly-owned subsidiary effective August 31, 2016, as described in Note 4.
Cash	Cash Cash includes cash on hand and balances with banks.
Inventories	Inventories Inventories which comprise of finished goods, is valued at the lower of cost and market value, with cost being determined on a first-in, first-out basis. The cost of finished goods consists of purchase price, freight, custom duties and other delivery expenses. Net realizable value is the estimated selling price in the ordinary course of business, less any applicable selling costs. The Company evaluate the carrying value of inventory on a regular basis, taking into account such factors as historical and anticipated future sales compared with quantities on hand and the price the Company expects to obtain for products in market compared with historical cost.
Revenue Recognition	Revenue Recognition The Company recognizes revenues when they are earned, specifically when all of the following conditions are met: ● ownership of the goods have been transferred to the customers. Ownership of the goods is transferred to the customers when the good are transferred to a designated carrier in accordance with shipping terms agreed with the customer. ● there is persuasive evidence that an arrangement exists; ● there are no significant obligations remaining; ● amounts are fixed or can be determined; and ● the ability to collect is reasonably assured.
Accounts Receivable	Accounts Receivable Accounts receivable are stated at outstanding balances, net of an allowance for doubtful accounts. The allowance for doubtful accounts is established through provisions charged against income. Accounts deemed to be uncollectible are charged against the allowance and subsequent recoveries, if any, are credited to the allowance. Management’s periodic evaluation of the adequacy of the allowance is based on past experience, ageing of the receivables, adverse situations that may affect a customer’s ability to pay, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires estimates that may be susceptible to significant change. Unpaid balances remaining after the stated payment terms are considered past due. The Company routinely assesses the financial strength of its customers and, therefore, believes that its accounts receivable credit risk exposure is limited.
Segment Reporting	Segment Reporting The Company operates in one operating and geographical segment based on the activities for the Company in accordance with ASC Topic 280-10. Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. All the sales of the Company are in Canada.
Goodwill and Identifiable Intangible Assets	Goodwill and Identifiable Intangible Assets Goodwill and other identifiable intangible assets with indefinite lives that are not being amortized, such as trade names, are tested at least annually for impairment and are written down if impaired. Identifiable intangible assets with finite lives are amortized over their estimated useful lives and are reviewed for impairment whenever facts and circumstances indicate that their carrying values may not be fully recoverable. The intangible assets with definite lives are being amortized over its estimated useful lives of 5 years using the straight-line method.
Earnings (Loss) Per Share	Earnings (Loss) Per Share The Company has adopted the Financial Accounting Standards Board’s (“FASB”) Topic 260-10 which provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. Diluted earnings per share exclude all potentially dilutive shares if their effect is anti-dilutive. There were no potentially dilutive shares outstanding as at June 30, 2017 and June 30, 2016.
Foreign Currency Translation	Foreign Currency Translation The Company’s functional currency is US dollar and subsidiary’s functional currency is Canadian (“CDN”) dollar. The Company’s reporting currency is U.S. dollar. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities are translated using the historical rate on the date of the transaction. All exchange gains or losses arising from translation of these foreign currency transactions are included in net income (loss) for the year. In translating the financial statements of the Company’s subsidiary from their functional currency into the Company’s reporting currency of US dollars, balance sheet accounts are translated using the closing exchange rate in effect at the balance sheet date for monetary items and using the historical rate on the date of the transaction for non-monetary items, and income and expense accounts are translated using an average exchange rate prevailing during the reporting period. The translation gains and losses resulting from the changes in exchange rates are reported in accumulated other comprehensive gain (loss).
Shipping and Handling Costs	Shipping and Handling Costs The Company accounts for shipping and handling fees in accordance with FASB ASC Topic 705 “Cost of Sales and Services”. Costs related to raw materials purchased, are included in inventory or cost of goods sold, as appropriate. While amounts charged to customers for shipping product are included in revenues, the related outbound freight costs are included in expenses as incurred.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC Topic 820 “ Fair Value Measurements and Disclosures Level 1 - Valuation based on quoted market prices in active markets for identical assets or liabilities. Level 2 - Valuation based on quoted market prices for similar assets and liabilities in active markets. Level 3 - Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management’s best estimate of what market participants would use as fair value. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments or interest rates that are comparable to market rates. These financial instruments include due from a shareholder, accounts receivable, accounts payable, accrued expenses, due to related parties/stockholders and note payable. The Company’s cash, which is carried at fair value, is classified as a Level 1 financial instruments. Bank accounts are maintained with financial institutions of reputable credit, therefore, bear minimal credit risk.
Income Taxes	Income Taxes The Company accounts for under ASC Topic 740 Accounting for Income Taxes. The Company provides for federal and provincial income taxes payable, as well as for those deferred because of the timing differences between reporting income and expenses for financial statement purposes versus tax purposes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recoverable or settled. The effect of a change in tax rates is recognized as income or expense in the period of the change. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount that is more likely than not to be realized.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets In accordance with ASC 360-10, the Company, on a regular basis, reviews the carrying amount of long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. The Company determines if the carrying amount of a long-lived asset is impaired based on anticipated undiscounted cash flows, before interest, from the use of the asset. In the event of impairment, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined based on appraised value of the assets or the anticipated cash flows from the use of the asset or asset group, discounted at a rate commensurate with the risk involved. The Company has assessed its long-lived assets and as of June 30, 2016 has determined that there is an impairment of intangible assets amounting to $2,101,785 (June 30, 2017 – Nil) as explained in Note 4.
Stock Based Compensation	Stock Based Compensation The Company accounts for share-based payments in accordance with the provision of ASC 718, which requires that all share-based payments issued to acquire goods or services, including grants of employee stock options, be recognized in the statement of operations based on their fair values, net of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Compensation expense related to share-based awards is recognized over the requisite service period, which is generally the vesting period. The Company accounts for stock based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the guidelines in ASC 505-50. The Company issues compensatory shares for services including, but not limited to, executive, management, accounting, operations, corporate communication, financial and administrative consulting services.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In January 2017, an accounting pronouncement was issued by the Financial Accounting Standards Board (“FASB”) to simplify the accounting for goodwill impairment. This guidance eliminates the requirement that an entity calculates the implied fair value of goodwill when measuring an impairment charge. Instead, an entity would record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value. This pronouncement is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The adoption is required to be applied on a prospective basis. The adoption of this pronouncement did not have a material impact on the financial position and/or results of operations. The Company adopted the accounting pronouncement issued by the FASB to update guidance on how companies account for certain aspects of share-based payments to employees. This pronouncement is effective for fiscal years beginning after December 15, 2016, and interim periods within those years, with early adoption permitted. This guidance requires all income tax effects of awards to be recognized in the statements of operations when the awards vest or are settled and changes the presentation of excess tax benefits on the statement of cash flows. The Company adopted these provisions on a prospective basis. In addition, this pronouncement changes guidance on: (a) accounting for forfeitures of share-based awards and (b) employers’ accounting for an employee’s use of shares to satisfy the employer’s statutory income tax withholding obligation. The adoption of this pronouncement did not have a material impact on the financial position and/or results of operations. In March 2016, the Company adopted the accounting pronouncement issued by the FASB to update guidance on how companies account for certain aspects of share-based payments to employees. This pronouncement is effective for fiscal years beginning after December 15, 2016, and interim periods within those years, with early adoption permitted. This guidance requires all income tax effects of awards to be recognized in the statements of operations when the awards vest or are settled and changes the presentation of excess tax benefits on the statement of cash flows. The Company adopted these provisions on a prospective basis. In addition, this pronouncement changes guidance on: (a) accounting for forfeitures of share-based awards and (b) employers’ accounting for an employee’s use of shares to satisfy the employer’s statutory income tax withholding obligation. The adoption of this pronouncement did not have a material impact on the Company’s financial position and/or results of operations In February 2016, an accounting pronouncement was issued by the FASB to replace existing lease accounting guidance. This pronouncement is intended to provide enhanced transparency and comparability by requiring lessees to record right-of-use assets and corresponding lease liabilities on the balance sheet for most leases. Expenses associated with leases will continue to be recognized in a manner similar to current accounting guidance. This pronouncement is effective for annual and interim periods beginning after December 15, 2018, with early adoption permitted. The adoption is required to be applied on a modified retrospective basis for each prior reporting period presented. The Company has not yet determined the effect that the adoption of this pronouncement may have on the financial position and/or results of operations. On January 1, 2016, the Company adopted the accounting pronouncement issued by the FASB which eliminates the requirement that an acquirer in a business combination account for measurement-period adjustments retrospectively. Instead, an acquirer will recognize a measurement-period adjustment during the period in which it determines the amount of the adjustment. The adoption of this pronouncement did not have a material impact on the financial position and/or results of operations. On January 1, 2016, the Company adopted the accounting pronouncement issued by the FASB to update the guidance related to the presentation of debt issuance costs. This guidance requires debt issuance costs, related to a recognized debt liability, be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability rather than being presented as an asset. The Company adopted this pronouncement on a retrospective basis, and the adoption did not have a material impact on the financial position and/or results of operations.

Business Acquisition and Subs21

Business Acquisition and Subsequent Loss of Control (Tables)	12 Months Ended
	Jun. 30, 2017
Business Acquisition and Subsequent Loss of Control [Abstract]
Schedule of fair value assets and liabilities carrying value of the investments	Fair value as at August 31, 2016 Cash 12,720 Accounts receivable 250,203 Inventories 78,891 Harmonized sales tax recoverable 24,071 Total assets 365,885 Accounts payable 307,571 Due to stockholders 7,529 Due to related parties 60,145 Notes payable 51,794 Total liabilities 427,039 Net liabilities 61,154 Purchase consideration value of investments in RM Fresh shares on date of acquisition 2,180,000 Impairment recorded until June 30, 2016 (2,180,000 ) Carrying value of investments in RM Fresh shares on date of change in control - Gain on date of change in control due to deconsolidation of net liabilities of RM Fresh 61,154

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2017
Income Taxes [Abstract]
Schedule of provision for income taxes	2017 2016 Net Loss for the year $ 2,031,920 $ 3,771,563 Expected Income Tax recovery 792,831 1,274,906 Tax effect of expenses not deductible for income tax (779,737 ) (1,107,901 ) Change in valuation allowance (13,094 ) (167,005 ) Deferred tax assets, net of valuation allowance - -
Schedule of net deferred tax assets	2017 2016 Deferred Tax Assets – Non-current: Tax effect of NOL Carryover $ 247,799 $ 209,298 Less valuation allowance (247,799 ) (209,298 ) Deferred tax assets, net of valuation allowance - -

Nature of Operations (Details)

Nature of Operations (Details) - USD ($)	Aug. 31, 2016	Sep. 30, 2015
Nature of Operations (Textual)
Percentage of issued and outstanding shares acquired		100.00%
Common stock issued under share exchange agreement		2,000,000
Ownership, percentage	20.00%	7.00%
Cash and retirement amount	$ 175,000
Going public transaction, term	1 year

Going Concern (Details)

Going Concern (Details) - USD ($)	Jun. 30, 2017	Aug. 31, 2016	Jun. 30, 2016	Sep. 30, 2015
Going Concern (Textual)
Working capital deficiency	$ 16,452
Accumulated deficit	$ (5,911,256)		$ (3,879,336)
Ownership percentage reduced		20.00%		7.00%

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Jun. 30, 2017USD ($)Segment	Jun. 30, 2016USD ($)
Summary of Significant Accounting Policies (Textual)
Impairment of intangible assets | $		$ 2,101,785
Number of operating segments | Segment	1
Intangible assets estimated useful lives	5 years

Business Acquisition and Subs26

Business Acquisition and Subsequent Loss of Control (Details)	Aug. 31, 2016USD ($)
Business Acquisition and Subsequent Loss of Control [Abstract]
Cash	$ 12,720
Accounts receivable	250,203
Inventories	78,891
Harmonized sales tax recoverable	24,071
Total assets	365,885
Accounts payable	307,571
Due to stockholders	7,529
Due to related parties	60,145
Notes payable	51,794
Total liabilities	427,039
Net liabilities	61,154
Purchase consideration value of investments in RM Fresh shares on date of acquisition	2,180,000
Impairment recorded until June 30, 2016	(2,180,000)
Carrying value of investments in RM Fresh shares on date of change in control
Gain on date of change in control due to deconsolidation of net liabilities of RM Fresh	$ 61,154

Business Acquisition and Subs27

Business Acquisition and Subsequent Loss of Control (Details Textual) - USD ($)	Aug. 31, 2016	Sep. 30, 2015	Jun. 30, 2016
Business Acquisition and Subsequent Loss of Control (Textual)
Percentage of issued and outstanding shares acquired		100.00%
Common stock issued under share exchange agreement		2,000,000
Ownership, percentage	20.00%	7.00%
Business acquisition shares of common stock			2,000,000
Business acquisition fair value of common stock			$ 2,180,000
Amortization expense of business acquisition			70,350
Intangible assets of business acquisition			$ 2,101,785
Total amount of cash and retirement	$ 175,000
Gain on fair value investments	$ 61,154
Business acquisition of gain or loss, description	The Company recognized net gain due to loss of control of $84,021 comprising of $61,154 as explained above and $22,867 being translation adjustment.

Accounts and Other Receivable (

Accounts and Other Receivable (Details) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Accounts and Other Receivable (Textual)
Trade accounts receivable		$ 130,343
Net of allowance on trade accounts receivable		48,943
Other receivable		$ 134,537

Accounts Payable and Accrued 29

Accounts Payable and Accrued Liabilities (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Accounts Payable and Accrued Liabilities (Textual)
Accrued liabilities	$ 13,000	$ 264,875

Notes Payable (Details)

Notes Payable (Details) - USD ($)	1 Months Ended		12 Months Ended
	Jun. 28, 2017	Aug. 21, 2015	Jun. 30, 2017	Jun. 30, 2016	Mar. 04, 2016	Sep. 30, 2015	Apr. 01, 2015
Notes Payable (Textual)
Proceeds from issuance of convertible notes		$ 180,000	$ 20,000	$ 205,794
Interest rate	8.00%	10.00%			12.00%		20.00%
Maturity date	Feb. 28, 2018
Conversion of common stock, description		The principal amount and accrued interest were convertible into common stock of the Company at the option of the holder at any time from the date of issuance at $1.
Common stock price, per share						$ 1
Outstanding note payable				51,794
Unsecured promissory notes					$ 25,794		$ 26,000
Interest accrued				$ 6,218
Unsecured convertible promissory notes, amount	$ 20,000
Conversion rate of convertible debt	$ 0.75
Debt convertible, beneficial conversion feature	$ 20,000
Additional Paid-in Capital [Member]
Notes Payable (Textual)
Debt convertible, beneficial conversion feature	$ 20,000

Forgiveness of Loan (Details)

Forgiveness of Loan (Details) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Forgiveness of Loan (Textual)
Forgiveness of loan	$ (22,987)	$ (17,974)

Stockholders' Deficiency (Detai

Stockholders' Deficiency (Details)

May 09, 2017shares

Nov. 16, 2016

Jan. 26, 2016shares

Jan. 08, 2016Directorsshares

Oct. 01, 2015USD ($)shares

Sep. 09, 2015$ / shares

Oct. 28, 2016shares

Mar. 31, 2016USD ($)Directorsshares

Feb. 29, 2016USD ($)Investors$ / sharesshares

Dec. 31, 2015USD ($)Investors$ / sharesshares

Oct. 31, 2015USD ($)Investors$ / sharesshares

Sep. 30, 2015$ / sharesshares

Jun. 30, 2017USD ($)$ / sharesshares

Jun. 30, 2016USD ($)$ / sharesshares

Stockholders' Deficiency (Textual)

Preferred stock, par value | $ / shares

$ 0.0001

$ 0.0001

Preferred stock, shares authorized

10,000,000

10,000,000

Common stock, par value | $ / shares

$ 0.0001

$ 0.0001

Common stock, shares authorized

100,000,000

100,000,000

Preferred stock, no par value | $ / shares

$ 0.0001

Common stock, no par value | $ / shares

$ 0.0001

Stock split, description

1:7 forward split upon the increase of the par value.

Post reverse split, description

The issued and outstanding common stock of the Company increased from 7,400,000 shares prior to the Forward Split to 51,800,000 shares following the Forward Split.

180 post reverse split.

Debt conversion, description

The holders of convertible notes payable exercised their option to convert the notes payable including interest into shares at a price of $1 per stock.

Issuance of common stock, shares

180,000

Common stock, shares issued

315,064

29,527

Common stock, shares outstanding

315,064

29,527

Increase decrease in shares prior to forward split

35,537,000

Common stock price per share | $ / shares

$ 1

Proceeds from issuance of common stock | $

$ 150,000

Common stock issued for services, value | $

$ 2,105,370

$ 1,191,351

Restricted shares

300,247

15,247

Unrestricted shares

14,817

14,280

Cancellation Agreement [Member]

Stockholders' Deficiency (Textual)

Post reverse split, description

25,800 post reverse split.

Cancellation of common stock

25,800,000

RM Fresh [Member]

Stockholders' Deficiency (Textual)

Post reverse split, description

2,000 post reverse split.

Issuance of common stock, shares

2,000,000

Directors [Member]

Stockholders' Deficiency (Textual)

Post reverse split, description

250 post reverse split.

250 post reverse split.

250 post reverse split.

Issuance of common stock, shares

250,000

250,000

250,000

Issuance of common stock, value | $

$ 337,500

$ 22,500

Common stock, shares issued

250,000

Number of directors | Directors

2

2

Common stock issued for services, value | $

$ 290,000

Third Parties [Member]

Stockholders' Deficiency (Textual)

Post reverse split, description

335 post reverse split.

335 post reverse split.

Common stock issued for services, shares

335,000

335,000

Common stock issued for services, value | $

452,350

CEO [Member]

Stockholders' Deficiency (Textual)

Post reverse split, description

35,537 post reverse split.

Issuance of common stock, value | $

$ 355,370

Common stock, shares issued

250,000

Increase decrease in shares prior to forward split

35,537,000

Common stock issued for services, shares

250,000

35,537,000

35,537,000

Common stock issued for services, value | $

$ 1,750,000

Board of Directors and Stockholders [Member]

Stockholders' Deficiency (Textual)

Post reverse split, description

Company approved a 1:1000 reverse split. As a result, the issued and outstanding common stock of the Company decreased from 65,064,000 shares prior to the reverse split to 65,064 shares following the reverse split.

Common stock [Member]

Stockholders' Deficiency (Textual)

Post reverse split, description

70 post reverse split.

92 post reverse split.

92 post reverse split.

Issuance of common stock, shares

70,000

92,000

92,000

Common stock price per share | $ / shares

$ 0.50

$ 1.25

$ 1.25

Number of investors | Investors

1

3

3

Proceeds from issuance of common stock | $

$ 35,000

$ 115,000

$ 115,000

Common stock [Member] | Third Parties [Member]

Stockholders' Deficiency (Textual)

Post reverse split, description

100 post reverse split.

Common stock issued for services, shares

100,000

Common stock issued for services, value | $

$ 89,000

Related Party Transactions an33

Related Party Transactions and Balances (Details) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Related Party Transactions and Balances (Textual)
Issuance of shares for services	$ 2,105,370	$ 1,197,117
Management fees	$ 2,119,194	152,283
Common stock shares, pre reverse split	35,537,000
Common stock shares, post reverse split	250,000
CEO [Member]
Related Party Transactions and Balances (Textual)
Common stock shares, pre reverse split	35,537,000
Common stock shares, post reverse split	250,000
Other Related Party [Member]
Related Party Transactions and Balances (Textual)
Amount owned by stockholders		60,145
Management fees		$ 152,283

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Taxes [Abstract]
Net Loss for the year	$ 2,031,920	$ 3,771,563
Expected Income Tax recovery	792,831	1,274,906
Tax effect of expenses not deductible for income tax	(779,737)	(1,107,901)
Change in valuation allowance	(13,094)	(167,005)
Deferred tax assets, net of valuation allowance

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Deferred Tax Assets - Non-current:
Tax effect of NOL Carryover	$ 247,799	$ 209,298
Less valuation allowance	(247,799)	(209,298)
Deferred tax assets, net of valuation allowance

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Taxes (Textual)
Corporate tax rate	39.00%	34.00%
Net operating loss carry forwards	$ 635,382	$ 601,824
Taxable income future period	Future taxable income from the year 2018 to 2037.

Subsequent Events (Details)

Subsequent Events (Details)	Sep. 11, 2017Days$ / sharesshares	Jul. 07, 2017shares	Sep. 30, 2015shares	Jun. 30, 2017$ / sharesshares	Jun. 30, 2016$ / sharesshares
Subsequent Events (Textual)
Aggregate shares of common stock			2,000,000
Percentage of issued and outstanding shares acquired			100.00%
Common stock shares newly issued			180,000
Common stock, par value | $ / shares				$ 0.0001	$ 0.0001
Common stock, shares issued				315,064	29,527
Subsequent Events [Member]
Subsequent Events (Textual)
Warrant term	2 years
Purchase of additional warrants, shares	15,500,000
Purchase of additional reserved warrants, shares	9,500,000
Trading price, per share | $ / shares	$ 3
Warrants issue, shares	1,100,000
Trading price number of consecutive days | Days	30
Subsequent Events [Member] | Warrants [Member] | Minimum [Member]
Subsequent Events (Textual)
Exercise price of warrant | $ / shares	$ 1.50
Subsequent Events [Member] | Warrants [Member] | Maximum [Member]
Subsequent Events (Textual)
Exercise price of warrant | $ / shares	$ 1.75
Subsequent Events [Member] | Stock purchase agreement [Member]
Subsequent Events (Textual)
Aggregate shares of common stock		286,720
Percentage of issued and outstanding shares acquired		91.00%
Subsequent Events [Member] | Share Exchange Agreement [Member]
Subsequent Events (Textual)
Common stock shares newly issued	25,000,000
Common stock, par value | $ / shares	$ 0.001
Subsequent Events [Member] | Share Exchange Agreement [Member] | Warrants [Member]
Subsequent Events (Textual)
Common stock shares newly issued	25,000,000
Common stock, par value | $ / shares	$ 0.001
Subsequent Events [Member] | Nexalin Shareholder [Member]
Subsequent Events (Textual)
Common stock, shares issued	15,500,000