Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Mar. 31, 2018 | May 18, 2018 | |
Document and Entity Information | ||
Entity Registrant Name | Interlink Plus, Inc. | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2018 | |
Amendment Flag | false | |
Entity Central Index Key | 1,643,988 | |
Current Fiscal Year End Date | --06-30 | |
Entity Common Stock, Shares Outstanding | 67,373,008 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | itrk |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Mar. 31, 2018 | Jun. 30, 2017 |
Current assets | ||
Cash | $ 30,247 | $ 12,201 |
Accounts receivable | 7,741 | 11,121 |
Prepaid expenses | 9,290 | 58,693 |
Total current assets | 47,278 | 82,015 |
Other assets | ||
Fixed assets, net | 980 | |
Website, net | 1,326 | 2,201 |
Total other assets | 2,306 | 2,201 |
TOTAL ASSETS | 49,584 | 84,216 |
Current liabilities | ||
Accounts payable | 24,742 | 15,891 |
Accounts payable - related party | 12,729 | 57,000 |
Customer deposits | 4,733 | 60,559 |
Notes payable - related party | 6,000 | |
Accrued interest payable | 5,865 | 1,521 |
Accrued interest payable - related party | 1,759 | |
Convertible debt, net | 126,077 | 14,167 |
Current portion of long-term convertible debt - related party | 4,000 | |
Total current liabilities | 174,146 | 160,897 |
Long-term liabilities | ||
Total liabilities | 174,146 | 160,897 |
Stockholders equity | ||
Preferred stock value | 270 | 270 |
Common stock value | 6,737 | 6,737 |
Additional paid-in capital | 70,179 | 62,862 |
Retained earnings (deficit) | (201,748) | (146,550) |
Total stockholders' equity | (124,562) | (76,681) |
Total liabilities and stockholders' equity | $ 49,584 | $ 84,216 |
BALANCE SHEETS (parenthetical)
BALANCE SHEETS (parenthetical) - $ / shares | Mar. 31, 2018 | Jun. 30, 2017 |
Balance Sheet | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred stock, shares issued | 2,700,000 | 2,700,000 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 475,000,000 | 475,000,000 |
Common stock, shares issued | 67,373,008 | 67,373,008 |
Common stock, shares outstanding | 67,373,008 | 67,373,008 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | |
Income Statement | ||||
Revenue | $ 25,329 | $ 26,950 | $ 77,141 | $ 36,487 |
Operating expenses | ||||
Costs of goods sold | 5,707 | 5,816 | ||
General and administrative | 3,872 | 926 | 15,734 | 2,213 |
Depreciation and amortization | 390 | 236 | 1,071 | 486 |
Professional fees | 37,793 | 5,638 | 76,839 | 19,598 |
Professional fees - related party | 9,000 | 9,000 | 27,000 | 27,000 |
Total operating expenses | 51,055 | 21,507 | 120,644 | 55,113 |
Operating income (loss) | (25,726) | 5,443 | (43,503) | (18,626) |
Other income (expenses) | ||||
Interest expense | 4,344 | 4,124 | 8,182 | 15,693 |
Interest expense - related party | 262 | 3,513 | 797 | |
Interest income - related party | 23 | |||
Total other expenses | (4,311) | (4,386) | (11,695) | (16,490) |
Net loss | $ (30,037) | $ 1,057 | $ (55,198) | $ (35,116) |
Net loss per common share, basic | $ 0 | $ 0 | $ 0 | $ 0 |
Net loss per common share, diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of shares outstanding, basic | 67,373,008 | 67,373,008 | 67,373,008 | 62,306,123 |
Weighted average number of shares outstanding, diluted | 67,373,008 | 340,552,078 | 67,373,008 | 62,306,123 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 9 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities: | ||
Net loss | $ (55,198) | $ (35,116) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Depreciation and amortization | 1,071 | 486 |
Amortization of debt discount | 5,885 | 14,524 |
Changes in operating assets and liabilities: | ||
(Increase) decrease in accounts receivable | 3,380 | (4,998) |
(Increase) decrease in prepaid expenses | 49,403 | (252) |
Increase (decrease) in accounts payable | 8,851 | (3,793) |
Increase (decrease) in accounts payable - related party | (44,271) | 27,000 |
Increase (decrease) in accrued interest payable - related party | 797 | |
Increase (decrease) in accrued interest payable | 3,560 | 1,169 |
Increase (decrease) in customer deposits | (55,826) | 3,800 |
Net cash provided by (used in) operating activities | (83,145) | 3,617 |
Cash flows from investing activities: | ||
Purchase fixed assets | 1,176 | 2,000 |
Net cash used by investing activities | (1,176) | (2,000) |
Cash flows from financing activities: | ||
Proceeds from notes payable | 15,000 | |
Repayments to notes payable | 15,000 | |
Proceeds from convertible debt | 102,000 | 10,000 |
Donated capital | 367 | |
Net cash provided by financing activities | 102,367 | 10,000 |
Net increase (decrease) in cash | 18,046 | 11,617 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 12,201 | 1,909 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 30,247 | 13,526 |
Supplemental information: | ||
Interest paid | ||
Income taxes paid | ||
Non-cash investing and financing activities: | ||
Amortization of debt discount | $ 5,885 | $ 14,524 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Summary of Significant Accounting Policies | NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended June 30, 2017 and notes thereto included in the Companys annual report. The Company follows the same accounting policies in the preparation of interim reports. Results of operations for the interim period are not indicative of annual results. Organization The Company was incorporated on May 11, 2015 (Date of Inception) under the laws of the State of Nevada, as Interlink Plus, Inc. Nature of operations The Company will provide services for oversea travel agents on hotel price quotation and negotiation, contract reviewing, detailed guests arrangements, hotel check-in assistance, as well as tradeshow services to domestic and international businesses. Additionally, the Company is offering marketing materials and other products for the tradeshows. Year end The Companys year-end is June 30. Cash and cash equivalents For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value. Accounts receivable The allowance for uncollectible accounts receivables is determined principally on the basis of past collection experience as well as consideration of current economic conditions and changes in our customer collection trends. Since the inception of the Company through today, the Company has had no material bad debt write offs and believes its current policy is reasonable. Fixed assets The Company records all property and equipment at cost less accumulated depreciation. Improvements are capitalized while repairs and maintenance costs are expensed as incurred. Depreciation is calculated using the straight-line method over the estimated useful life of the assets or the lease term, whichever is shorter. Leasehold improvements include the cost of the Companys internal development and construction department. Depreciation periods are as follows: Computer equipment - 3 years Website The Company capitalizes the costs associated with the development of the Companys website pursuant to ASC Topic 350. Other costs related to the maintenance of the website are expensed as incurred. Amortization is provided over the estimated useful lives of 3 years using the straight-line method for financial statement purposes. The Company plans to commence amortization upon completion and release of the Companys fully operational website. Revenue recognition We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable. The Company will record revenue when it is realizable and earned and the services are completed as part of the service contract. Advertising costs Advertising costs are anticipated to be expensed as incurred; however there were no advertising costs included in general and administrative expenses for the nine months ended March 31, 2018. Fair value of financial instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2018. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. Level 1 Level 2 Level 3 Stock-based compensation The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50. Earnings per share The Company follows ASC Topic 260 to account for the earnings per share. Basic earning per common share (EPS) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earning per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates. Recent pronouncements The Company has evaluated the recent accounting pronouncements through May 2018 and believes that none of them will have a material effect on the companys financial statements. |
Going Concern
Going Concern | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Going Concern | NOTE 2 - GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and incurring start up costs and expenses. As a result, the Company had a retained deficit as of March 31, 2018 of ($201,748). In addition, the Companys activities since inception have been financially sustained through debt and equity financing. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. |
Prepaid Expenses Disclosure
Prepaid Expenses Disclosure | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Prepaid Expenses Disclosure | NOTE 3 - PREPAID EXPENSES As of March 31, 2018, the Company had prepaid transfer agent expenses totaling $563. The prepaid professional fees will be expensed on a straight-line basis over the remaining life of the service period. During the nine months ended March 31, 2018 the Company incurred an additional $750 of prepaid transfer agent fees and amortized transfer agent expenses of $562. Additionally, the Company had prepaid expense related to deposits at hotels totaling $8,727. The prepaid expenses will be reclassified against revenue when our clients complete their stay at the hotel. |
Fixed Assets Disclosure
Fixed Assets Disclosure | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Fixed Assets Disclosure | NOTE 4 - FIXED ASSETS The following is a summary of fixed asset costs: March 31, 2018 Fixed asset $ 1,176 Less: accumulated amortization (196) Fixed asset, net $ 980 Depreciation expense for the nine months ended March 31, 2018 was $196. |
Website Disclosure
Website Disclosure | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Website Disclosure | NOTE 5 - WEBSITE The following is a summary of website costs: March 31, 2018 Website $ 3,500 Less: accumulated amortization (2,174) Website, net $ 1,326 Amortization expense for the nine months ended March 31, 2018 was $875. |
Notes Payable Disclosure
Notes Payable Disclosure | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Notes Payable Disclosure | NOTE 6 - NOTES PAYABLE On October 11, 2017, the Company executed a promissory note with an entity for $15,000. The unsecured note has a flat interest payment of $2,250 and is due in forty-five days of issuing the note or two business days after demand for payment. During the nine months ended March 31, 2018, the Company repaid the entire balance of principal and accrued interest ($15,000). As of March 31, 2018, the principal balance is $0 and accrued interest is $0. |
Convertible Debt Disclosure
Convertible Debt Disclosure | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Convertible Debt Disclosure | NOTE 7 -CONVERTIBLE DEBT On December 23, 2015, the Company executed a promissory note with a related party for $5,000. The unsecured note bears interest at 10% per annum and is due upon demand. During July 2017, the terms of the loan were negotiated. The interest rate is 20% per annum starting August 1, 2017 and is convertible at a fixed conversion rate equal to $0.005 per share. The loan has a prepayment penalty. On December 22, 2017, the note was sold to an unrelated third party. On March 14, 2018, the note was sold to another unrelated third party. On February 26, 2016, the Company executed a promissory note with a related party for $1,000. The unsecured note bears interest at 10% per annum and is due upon demand. During July 2017, the terms of the loan were negotiated. The interest rate is 20% per annum starting August 1, 2017 and is convertible at a fixed conversion rate equal to $0.005 per share. The loan is due on July 31, 2018. The loan has a prepayment penalty. On December 22, 2017, the note was sold to an unrelated third party. On March 14, 2018, the note was sold to another unrelated third party. On May 22, 2015, the Company executed a convertible promissory note with a related party for $4,000. The unsecured note bears interest at 10% per annum and is due on May 22, 2017. This note is convertible at $0.005 per share and can be converted on or before the maturity date of May 22, 2017. During July 2017, the partied agreed to extend the maturity date to July 31, 2018. On December 22, 2017, the note was sold to an unrelated third party. On March 14, 2018, the note was sold to another unrelated third party. On January 26, 2018, the Company executed a convertible promissory note for $65,000. The unsecured note bears interest at 8% per annum and is due on October 30, 2018. This note cannot be converted for the initial 180-day period and is convertible at discount of 39% of the market price based on the previous ten days of trading. This note has prepayment penalties. On March 5, 2018, the Company executed a convertible promissory note for $43,000. The unsecured note bears interest at 8% per annum and is due on December 15, 2018. This note cannot be converted for the initial 180-day period and is convertible at discount of 39% of the market price based on the previous ten days of trading. This note has prepayment penalties. As of March 31, 2018, the balance of accrued interest was $2,111. The interest expense for the nine months ended March 31, 2018 was $4,509 including amortization of debt discount of $3,208. On April 25, 2016, the Company executed a convertible promissory note with an entity for $5,000. The unsecured note bears interest at 10% per annum and is due on April 25, 2017. This note is convertible at $0.005 per share and can be converted on or before the maturity date of April 25, 2017. During July 2017, the partied agreed to extend the maturity date to July 31, 2018. On December 22, 2017, the note was sold to an unrelated third party. On March 14, 2018, the note was sold to another unrelated third party. On July 15, 2016, the Company executed a convertible promissory note with an entity for $5,000. The unsecured note bears interest at 10% per annum and is due on July 15, 2017. This note is convertible at $0.005 per share and can be converted on or before the maturity date of July 15, 2017. During July 2017, the partied agreed to extend the maturity date to July 31, 2018. On December 22, 2017, the note was sold to an unrelated third party. On March 14, 2018, the note was sold to another unrelated third party. On August 18, 2016, the Company executed a convertible promissory note with an entity for $5,000. The unsecured note bears interest at 10% per annum and is due on August 18, 2017. This note is convertible at $0.005 per share and can be converted on or before the maturity date of September 27, 2018. On December 22, 2017, the note was sold to an unrelated third party. On March 14, 2018, the note was sold to another unrelated third party. As of March 31, 2018, the balance of accrued interest was $5,865. The interest expense for the nine months ended March 31, 2018 was $11,695 including amortization of debt discount of $5,885. |
Stockholders' Equity, Disclosur
Stockholders' Equity, Disclosure | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Stockholders' Equity, Disclosure | NOTE 8 - STOCKHOLDERS EQUITY (DEFICIT) The Company is authorized to issue 475,000,000 shares of its $0.0001 par value common stock and 25,000,000 shares of its $0.0001 par value preferred stock. The Series A convertible preferred stock have a liquidation preference of $0.10 per share, have super voting rights of 100 votes per share, and each share of Series A may be converted into 100 shares of common stock. Preferred stock During the nine months ended March 31, 2018, there have been no other issuances of preferred stock. Common stock During the nine months ended March 31, 2018, there have been no other issuances of common stock. During the nine months ended March 31, 2018, the Company recorded $6,950 to additional paid in capital for beneficial conversion feature on the convertible debt and $367 in donated capital. |
Warrants and Options Disclosure
Warrants and Options Disclosure | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Warrants and Options Disclosure | NOTE 9 - WARRANTS AND OPTIONS As of March 31, 2018, there were no warrants or options outstanding to acquire any additional shares of common stock. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Mar. 31, 2018 | |
Notes | |
Related Party Transactions | NOTE 10 - RELATED PARTY TRANSACTIONS On July 11, 2015, the Company executed a consulting agreement for a period of three years with a former officer and director and current shareholder at a rate of $3,000 per month. During the nine months ended March 31, 2018, the Company had professional fees - related party totaling $0 and expenses totaling $0. During the nine months ended March 31, 2018, the Company recorded a reduction of $11,188 and an increase of $1,500 related to repayment of personal charges on the credit card. As of March 31, 2018, the accounts payable - related party balance was $3,729. On July 1, 2017, the parties mutually agreed to terminate the agreement. On July 1, 2017, the Company executed a consulting agreement Company owned and controlled with a former officer and director and current shareholder at a rate of $3,000 per month. The Company or entity may terminate with 30 days written notice. During the nine months ended March 31, 2018, the Company had professional fees - related party totaling $27,000. As of March 31, 2018, the accounts payable - related party balance was $9,000. |
Summary of Significant Accoun16
Summary of Significant Accounting Policies: Basis of Presentation (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Basis of Presentation | Basis of presentation The interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended June 30, 2017 and notes thereto included in the Companys annual report. The Company follows the same accounting policies in the preparation of interim reports. Results of operations for the interim period are not indicative of annual results. |
Summary of Significant Accoun17
Summary of Significant Accounting Policies: Organization (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Organization | Organization The Company was incorporated on May 11, 2015 (Date of Inception) under the laws of the State of Nevada, as Interlink Plus, Inc. |
Summary of Significant Accoun18
Summary of Significant Accounting Policies: Nature of Operations (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Nature of Operations | Nature of operations The Company will provide services for oversea travel agents on hotel price quotation and negotiation, contract reviewing, detailed guests arrangements, hotel check-in assistance, as well as tradeshow services to domestic and international businesses. Additionally, the Company is offering marketing materials and other products for the tradeshows. |
Summary of Significant Accoun19
Summary of Significant Accounting Policies: Year End Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Year End Policy | Year end The Companys year-end is June 30. |
Summary of Significant Accoun20
Summary of Significant Accounting Policies: Cash and Cash Equivalents Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Cash and Cash Equivalents Policy | Cash and cash equivalents For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The carrying value of these investments approximates fair value. |
Summary of Significant Accoun21
Summary of Significant Accounting Policies: Accounts Receivable, Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Accounts Receivable, Policy | Accounts receivable The allowance for uncollectible accounts receivables is determined principally on the basis of past collection experience as well as consideration of current economic conditions and changes in our customer collection trends. Since the inception of the Company through today, the Company has had no material bad debt write offs and believes its current policy is reasonable. |
Summary of Significant Accoun22
Summary of Significant Accounting Policies: Fixed Assets Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Fixed Assets Policy | Fixed assets The Company records all property and equipment at cost less accumulated depreciation. Improvements are capitalized while repairs and maintenance costs are expensed as incurred. Depreciation is calculated using the straight-line method over the estimated useful life of the assets or the lease term, whichever is shorter. Leasehold improvements include the cost of the Companys internal development and construction department. Depreciation periods are as follows: Computer equipment - 3 years |
Summary of Significant Accoun23
Summary of Significant Accounting Policies: Website Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Website Policy | Website The Company capitalizes the costs associated with the development of the Companys website pursuant to ASC Topic 350. Other costs related to the maintenance of the website are expensed as incurred. Amortization is provided over the estimated useful lives of 3 years using the straight-line method for financial statement purposes. The Company plans to commence amortization upon completion and release of the Companys fully operational website. |
Summary of Significant Accoun24
Summary of Significant Accounting Policies: Revenue Recognition Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Revenue Recognition Policy | Revenue recognition We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable. The Company will record revenue when it is realizable and earned and the services are completed as part of the service contract. |
Summary of Significant Accoun25
Summary of Significant Accounting Policies: Advertising Costs Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Advertising Costs Policy | Advertising costs Advertising costs are anticipated to be expensed as incurred; however there were no advertising costs included in general and administrative expenses for the nine months ended March 31, 2018. |
Summary of Significant Accoun26
Summary of Significant Accounting Policies: Fair Value of Financial Instruments Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Fair Value of Financial Instruments Policy | Fair value of financial instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2018. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. Level 1 Level 2 Level 3 |
Summary of Significant Accoun27
Summary of Significant Accounting Policies: Stock-based Compensation Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Stock-based Compensation Policy | Stock-based compensation The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50. |
Summary of Significant Accoun28
Summary of Significant Accounting Policies: Earnings Per Share Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Earnings Per Share Policy | Earnings per share The Company follows ASC Topic 260 to account for the earnings per share. Basic earning per common share (EPS) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earning per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation. |
Summary of Significant Accoun29
Summary of Significant Accounting Policies: Use of Estimates Policy (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Use of Estimates Policy | Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates. |
Summary of Significant Accoun30
Summary of Significant Accounting Policies: Recent Pronouncements (Policies) | 9 Months Ended |
Mar. 31, 2018 | |
Policies | |
Recent Pronouncements | Recent pronouncements The Company has evaluated the recent accounting pronouncements through May 2018 and believes that none of them will have a material effect on the companys financial statements. |
Fixed Assets Disclosure_ Summar
Fixed Assets Disclosure: Summary of Fixed Assets (Tables) | 9 Months Ended |
Mar. 31, 2018 | |
Tables/Schedules | |
Summary of Fixed Assets | March 31, 2018 Fixed asset $ 1,176 Less: accumulated amortization (196) Fixed asset, net $ 980 |
Website Disclosure_ Summary of
Website Disclosure: Summary of website costs (Tables) | 9 Months Ended |
Mar. 31, 2018 | |
Tables/Schedules | |
Summary of website costs | March 31, 2018 Website $ 3,500 Less: accumulated amortization (2,174) Website, net $ 1,326 |
Summary of Significant Accoun33
Summary of Significant Accounting Policies: Fixed Assets Policy (Details) | 9 Months Ended |
Mar. 31, 2018 | |
Computer Equipment | |
Property, Plant and Equipment, Useful Life | 3 years |
Going Concern (Details)
Going Concern (Details) - USD ($) | Mar. 31, 2018 | Jun. 30, 2017 |
Details | ||
Retained earnings (deficit) | $ 201,748 | $ 146,550 |
Prepaid Expenses Disclosure (De
Prepaid Expenses Disclosure (Details) - USD ($) | 9 Months Ended | |
Mar. 31, 2018 | Jun. 30, 2017 | |
Prepaid expenses | $ 9,290 | $ 58,693 |
Transfer agent expenses | ||
Prepaid expenses | 563 | |
Amortization of prepaid expenses | 562 | |
Deposits at hotels | ||
Prepaid expenses | $ 8,727 |
Fixed Assets Disclosure_ Summ36
Fixed Assets Disclosure: Summary of Fixed Assets (Details) | Mar. 31, 2018USD ($) |
Details | |
Fixed asset | $ 1,176 |
Amount of accumulated amortization | (196) |
Fixed assets, net | $ 980 |
Fixed Assets Disclosure (Detail
Fixed Assets Disclosure (Details) | 9 Months Ended |
Mar. 31, 2018USD ($) | |
Details | |
Depreciation expense | $ 196 |
Website Disclosure_ Summary o38
Website Disclosure: Summary of website costs (Details) | Mar. 31, 2018USD ($) |
Details | |
Website, gross | $ 3,500 |
Website, accumulated amortization | (2,174) |
Website, net | $ 1,326 |
Website Disclosure (Details)
Website Disclosure (Details) | 9 Months Ended |
Mar. 31, 2018USD ($) | |
Details | |
Amortization of website costs | $ 875 |
Notes Payable Disclosure (Detai
Notes Payable Disclosure (Details) | 9 Months Ended |
Mar. 31, 2018USD ($) | |
Details | |
Proceeds from notes payable | $ 15,000 |
Repayments to notes payable | $ 15,000 |
Convertible Debt Disclosure (De
Convertible Debt Disclosure (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | |
Proceeds from convertible debt | $ 102,000 | $ 10,000 | ||
Interest expense | $ 4,344 | $ 4,124 | 8,182 | 15,693 |
Amortization of debt discount | 5,885 | $ 14,524 | ||
Convertible promissory note - January 26, 2018 | ||||
Proceeds from convertible debt | 65,000 | |||
Convertible promissory note - March 5, 2018 | ||||
Proceeds from convertible debt | 43,000 | |||
Convertible debt new | ||||
Accrued interest payable | 2,111 | 2,111 | ||
Interest expense | 4,509 | |||
Amortization of debt discount | 3,208 | |||
Convertible promissory note - April 25, 2016 | ||||
Debt sold to unrelated third party | 5,000 | |||
Convertible promissory note - July 15, 2016 | ||||
Debt sold to unrelated third party | 5,000 | |||
Convertible promissory note - August 18, 2016 | ||||
Debt sold to unrelated third party | 5,000 | |||
Convertible debt old | ||||
Accrued interest payable | $ 5,865 | 5,865 | ||
Interest expense | 11,695 | |||
Amortization of debt discount | 5,885 | |||
Convertible promissory note - May 22, 2015 | ||||
Debt sold to unrelated third party | 4,000 | |||
Promissory note - December 23, 2015 | ||||
Debt sold to unrelated third party | 5,000 | |||
Promissory note - February 26, 2016 | ||||
Debt sold to unrelated third party | $ 1,000 |
Stockholders' Equity, Disclos42
Stockholders' Equity, Disclosure (Details) - USD ($) | 9 Months Ended | |
Mar. 31, 2018 | Jun. 30, 2017 | |
Details | ||
Common stock shares authorized for issuance | 475,000,000 | 475,000,000 |
Common stock par value | $ 0.0001 | $ 0.0001 |
Preferred (Series A) shares authorized for issuance | 25,000,000 | 25,000,000 |
Preferred stock par value | $ 0.0001 | $ 0.0001 |
Series A convertible preferred stock preference | $ 0.10 | |
Additional paid in capital for beneficial conversion feature on convertible debt | $ 6,950 | |
Donated capital | $ 367 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | Jul. 02, 2017 | Jun. 30, 2017 | |
Accounts payable - related party | $ 12,729 | $ 12,729 | $ 57,000 | |||
Professional fees - related party | 9,000 | $ 9,000 | 27,000 | $ 27,000 | ||
Consulting Agreement with Current Shareholder | ||||||
Accounts payable - related party | 3,729 | 3,729 | ||||
Consulting agreement with Company owned by a related party | ||||||
Accounts payable - related party | $ 9,000 | 9,000 | ||||
Monthly compensation | $ 3,000 | |||||
Professional fees - related party | $ 27,000 |