Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Dec. 31, 2019 | Jan. 30, 2020 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2019 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | KELINDA | |
Entity Central Index Key | 0001741257 | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 7,950,500 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Shell Company | true | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false |
BALANCE SHEETS (Unaudited)
BALANCE SHEETS (Unaudited) - USD ($) | Dec. 31, 2019 | Jun. 30, 2019 |
Current Assets | ||
Cash | $ 89 | $ 412 |
Total Current Assets | 89 | 412 |
Fixed Assets | ||
Furniture and Equipment | 1,969 | 1,969 |
Accumulated Depreciation | (657) | (459) |
Total Fixed Assets | 1,312 | 1,510 |
Intangible Assets | ||
Application Development Costs | 98,870 | 98,870 |
Accumulated Amortization | (16,478) | 0 |
Total Intangible Assets | 82,392 | 98,870 |
TOTAL ASSETS | 83,793 | 100,792 |
Current Liabilities | ||
Accounts Payable | 19,100 | 53,150 |
Related Party Loan | 83,903 | 33,215 |
Total Current Liabilities | 103,003 | 86,365 |
Total Liabilities | $ 103,003 | $ 86,365 |
Stockholders' Equity (Deficit) | ||
Common Stock: $0.001 par value, 75,000,000 shares authorized, 7,950,500 shares issued and outstanding | 7,950 | 7,950 |
Additional Paid-in Capital | $ 27,565 | $ 27,565 |
Accumulated Deficit | (54,725) | (21,088) |
Total Stockholders' Equity (Deficit) | (19,210) | 14,427 |
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) | $ 83,793 | $ 100,792 |
BALANCE SHEETS (Unaudited) (Par
BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) | Dec. 31, 2019 | Jun. 30, 2019 |
Statement of Financial Position [Abstract] | ||
Common Stock par value | $ 0.001 | $ 0.001 |
Common Stock shares authorized | 75,000,000 | 75,000,000 |
Common Stock shares issued and outstanding | 7,950,500 | 7,950,500 |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | |
Income Statement [Abstract] | ||||
REVENUE: | $ 0 | $ 0 | $ 0 | $ 0 |
EXPENSES: | ||||
General and Administrative Expenses | 89 | 203 | 307 | 356 |
Amortization and Depreciation Expense | 8,338 | 98 | 16,675 | 197 |
Professional Fees | 10,938 | 2,065 | 16,444 | 7,565 |
Rent Expense | 159 | 135 | 211 | 270 |
Total expenses | 19,524 | 2,501 | 33,637 | 8,388 |
OTHER INCOME (EXPENSE): | ||||
Interest Income (Expense) | 0 | 0 | 0 | 0 |
Total other income (expense) | 0 | 0 | 0 | 0 |
Income (loss) before income taxes | (19,524) | (2,501) | (33,637) | (8,388) |
Income tax expense | 0 | 0 | 0 | 0 |
NET INCOME (LOSS) | $ (19,524) | $ (2,501) | $ (33,637) | $ (8,388) |
Net loss per common share - basic & diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average of common shares outstanding - basic & diluted | 7,950,500 | 7,000,000 | 7,950,500 | 7,000,000 |
STATEMENTS OF STOCKHOLDERS' EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($) | Total | Common Stock | Additional Paid-in Capital | Accumulated Deficit |
Balance at Jun. 30, 2018 | $ 3,241 | $ 7,000 | $ (3,759) | |
Balance (in shares) at Jun. 30, 2018 | 7,000,000 | |||
Net loss for three months | (5,887) | (5,887) | ||
Balance at Sep. 30, 2018 | (2,646) | $ 7,000 | (9,646) | |
Balance (in shares) at Sep. 30, 2018 | 7,000,000 | |||
Net loss for three months | (2,501) | (2,501) | ||
Balance at Dec. 31, 2018 | (5,147) | $ 7,000 | (12,147) | |
Balance (in shares) at Dec. 31, 2018 | 7,000,000 | |||
Balance at Jun. 30, 2019 | 14,427 | $ 7,950 | $ 27,565 | (21,088) |
Balance (in shares) at Jun. 30, 2019 | 7,950,500 | |||
Net loss for three months | (14,113) | (14,113) | ||
Balance at Sep. 30, 2019 | 314 | $ 7,950 | 27,565 | (35,201) |
Balance (in shares) at Sep. 30, 2019 | 7,950,500 | |||
Net loss for three months | (19,524) | (19,524) | ||
Balance at Dec. 31, 2019 | $ (19,210) | $ 7,950 | $ 27,565 | $ (54,725) |
Balance (in shares) at Dec. 31, 2019 | 7,950,500 |
STATEMENTS OF CASH FLOWS (Unaud
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Statement of Cash Flows [Abstract] | ||
Net Loss | $ (33,637) | $ (8,388) |
Adjustments to reconcile Net Loss to net cash used by operations: | ||
Amortization Expense | 16,676 | 197 |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 0 | 1,000 |
Prepaid rent | 0 | (275) |
Accounts payable | (34,050) | 0 |
Net cash used by Operating Activities | (51,011) | (7,466) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from related party loan | 50,688 | 8,715 |
Net cash provided by Financing Activities | 50,688 | 8,715 |
Net cash increase (decrease) for period | (323) | 1,249 |
Cash at beginning of period | 412 | 87 |
Cash at end of period | 89 | 1,336 |
SUPPLEMENTAL CASH FLOW INFORMATION | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
- ORGANIZATION AND NATURE OF BU
- ORGANIZATION AND NATURE OF BUSINESS | 6 Months Ended |
Dec. 31, 2019 | |
- ORGANIZATION AND NATURE OF BUSINESS [Abstract] | |
- ORGANIZATION AND NATURE OF BUSINESS | NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS Kelinda (“the Company,” “we,” “us” or “our”) was incorporated on December 18, 2017 in the State of Nevada. The Company specializes on application development with its first project being an application of the same name Kelinda. It offers panels of various analyses with schedules and reminders about the necessity of visiting doctors sent through the application and emails, as well as storage of personal data (analyses and conclusions). Users may upload them at their discretion and exchange their personal data. Users who download the application can access the lists and data of another user upon receipt of an invitation from the latter. We offer free basic schedules and more serious panels to both adults and children in order to prevent development of numerous diseases. In addition, Kelinda offers drug-taking reminders for an even more effective use of the application. Revenue is to be generated by subscription-based access sales. The functional and reporting currency of the Company is the US dollar. The Company's year-end is June 30. |
- GOING CONCERN
- GOING CONCERN | 6 Months Ended |
Dec. 31, 2019 | |
- GOING CONCERN [Abstract] | |
- GOING CONCERN | NOTE 2 - GOING CONCERN The accompanying financial statements have been prepared in conformity with United States generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a start-up, the Company has had no revenues and has accumulated losses through December 31, 2019. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
- SUMMARY OF SIGNIFICANT ACCOUN
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Dec. 31, 2019 | |
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Regulation S-X and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the six month period ended December 31, 2019. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim financial statements be read in conjunction with the Company's audited financial statements and notes thereto included in its Form 10-K for the year ended June 30, 2019. Operating results for the six months ended December 31, 2019 are not necessarily indicative of the results to be expected for the year ending June 30, 2020. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $89 and $412 of cash as of December 31, 2019 and June 30, 2019, respectively, and no cash equivalents. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. 8 KELINDA NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2019 Application Development Costs The Company follows the provisions of ASC 985, “Software,” which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company capitalizes all eligible software costs incurred once technological feasibility is established. The Company amortizes these costs using the straight-line method over a period of three years, which is the remaining estimated economic life of the costs. At the end of each reporting period, the Company writes down any excess of the unamortized balance over the net realizable value. Equipment Equipment is stated at cost, net of accumulated depreciation. The cost of equipment is depreciated using the straight-line method. We estimate that the useful life of equipment is 5 years Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. Use of Estimates The preparation of financial statements in conformity with United States 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding as of December 31, 2019 and June 30, 2019. Recent Accounting Pronouncements We have reviewed all the recently-issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
- STOCKHOLDERS' EQUITY
- STOCKHOLDERS' EQUITY | 6 Months Ended |
Dec. 31, 2019 | |
- STOCKHOLDERS' EQUITY [Abstract] | |
- STOCKHOLDERS' EQUITY | NOTE 4 - STOCKHOLDERS' EQUITY The Company has 75,000,000, $0.001 par value shares of common stock authorized. On March 19, 2018, the Company issued 4,000,000 founders' shares of common stock to the President, Petru Afanasenco, and, on March 20, 2018, the Company issued 3,000,000 founders'shares of common stock to the Secretary, Andrei Afanasenco, for cash contributions of $4,000 and $3,000 at $0.001 per share, respectively. During March 2019, the Company issued 195,000 shares of common stock for cash proceeds of $5,850 at $0.03 per share. During April 2019, the Company issued 547,500 shares of common stock for cash proceeds of $16,425 at $0.03 per share. During May 2019, the Company issued 208,000 shares of common stock for cash proceeds of $6,240 at $0.03 per share. There were 7,950,500 shares of common stock issued and outstanding as of December 31, 2019 and June 30, 2019. 9 KELINDA NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2019 |
- RELATED PARTY TRANSACTIONS
- RELATED PARTY TRANSACTIONS | 6 Months Ended |
Dec. 31, 2019 | |
- RELATED PARTY TRANSACTIONS [Abstract] | |
- RELATED PARTY TRANSACTIONS | NOTE 5 - RELATED PARTY TRANSACTIONS During the six months ended December 31, 2019 and 2018, the President of the Company, Petru Afanasenco, loaned to the Company $44,888 and $0, respectively. During the six months ended December 31, 2019 and 2018, the Company's officer, Andrei Afanasenco, loaned to the Company $5,800 and $8,715, respectively. As of December 31, 2019 and June 30, 2019, the balance due to the Company's officers was $83,903 and $33,215 respectively. Petru and Andrei Afanasenco have formal commitments to loan funds of $50,000 and $40,000, respectively. These loans are unsecured, non-interest bearing and due on demand. |
- COMMITMENTS AND CONTINGENCIES
- COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Dec. 31, 2019 | |
- COMMITMENTS AND CONTINGENCIES [Abstract] | |
- COMMITMENTS AND CONTINGENCIES | NOTE 6 - COMMITMENTS AND CONTINGENCIES On August 21, 2019, the Company entered into a new rental agreement for use of an address, office facilities, IT and telecommunication systems, office equipment and secretarial services. The contract is $73 per month and is entered into for a month to month-term. |
- INTANGIBLE ASSETS
- INTANGIBLE ASSETS | 6 Months Ended |
Dec. 31, 2019 | |
- INTANGIBLE ASSETS [Abstract] | |
- INTANGIBLE ASSETS | NOTE 7 - INTANGIBLE ASSETS As of June 30, 2019, the unamortized balance of the Application Development Costs related to the purchase or internal development and production of software to be sold, leased, or otherwise marketed was $98,870. During the six months ended December 31, 2019, the Company recorded amortization expense of $16,478, resulting in an unamortized balance of $82,392 at December 31, 2019. No impairment was recorded during the period, as the December 31, 2019 unamortized balance is deemed to be equal to the net realizable value. As of December 31, 2019, the total amount of accumulated amortization was $16,478. The amortization expenses of the application development costs for the next three years are set for the below: Amortization Expense Recorded Cost Accumulated Amortization Net Asset Value Year ended June 30, 2019 - Purchase $0 $98,870 $0 $98,870 Year ended June 30, 2020 $32,957 $98,870 $32,957 $65,913 Year ended June 30, 2021 $32,957 $98,870 $65,913 $32,956 Year ended June 30, 2022 $32,956 $98,870 $98,870 $0 |
- SUBSEQUENT EVENTS
- SUBSEQUENT EVENTS | 6 Months Ended |
Dec. 31, 2019 | |
- SUBSEQUENT EVENTS [Abstract] | |
- SUBSEQUENT EVENTS | NOTE 8 - SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events,” the Company has analyzed its operations subsequent to December 31, 2019, through the date the financial statements were issued, and has determined that it does not have any material subsequent events to disclose. 10 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Dec. 31, 2019 | |
Significant Accounting Policies (Policies) [Abstract] | |
Basis of presentation | Basis of presentation The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Regulation S-X and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the six month period ended December 31, 2019. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim financial statements be read in conjunction with the Company's audited financial statements and notes thereto included in its Form 10-K for the year ended June 30, 2019. Operating results for the six months ended December 31, 2019 are not necessarily indicative of the results to be expected for the year ending June 30, 2020. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $89 and $412 of cash as of December 31, 2019 and June 30, 2019, respectively, and no cash equivalents. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. 8 KELINDA NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2019 Application Development Costs The Company follows the provisions of ASC 985, “Software,” which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company capitalizes all eligible software costs incurred once technological feasibility is established. The Company amortizes these costs using the straight-line method over a period of three years, which is the remaining estimated economic life of the costs. At the end of each reporting period, the Company writes down any excess of the unamortized balance over the net realizable value. Equipment Equipment is stated at cost, net of accumulated depreciation. The cost of equipment is depreciated using the straight-line method. We estimate that the useful life of equipment is 5 years Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. Use of Estimates The preparation of financial statements in conformity with United States 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding as of December 31, 2019 and June 30, 2019. Recent Accounting Pronouncements We have reviewed all the recently-issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
- INTANGIBLE ASSETS (Tables)
- INTANGIBLE ASSETS (Tables) | 6 Months Ended |
Dec. 31, 2019 | |
- INTANGIBLE ASSETS (Tables) [Abstract] | |
The amortization expenses of the application development costs for the next three years are set for the below: | The amortization expenses of the application development costs for the next three years are set for the below: Amortization Expense Recorded Cost Accumulated Amortization Net Asset Value Year ended June 30, 2019 - Purchase $0 $98,870 $0 $98,870 Year ended June 30, 2020 $32,957 $98,870 $32,957 $65,913 Year ended June 30, 2021 $32,957 $98,870 $65,913 $32,956 Year ended June 30, 2022 $32,956 $98,870 $98,870 $0 |
- SUMMARY OF SIGNIFICANT ACCO_2
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Text) - USD ($) | Dec. 31, 2019 | Jun. 30, 2019 | Jun. 30, 2018 |
Summary Of Significant_ Accounting Policies_ [Abstract] | |||
The Company had $89 and $412 of cash as of December 31, 2019 and June 30, 2019, respectively, and no cash equivalents. | $ 89 | $ 412 | $ 87 |
- STOCKHOLDERS' EQUITY (Details
- STOCKHOLDERS' EQUITY (Details Text) - USD ($) | Dec. 31, 2019 | Jun. 30, 2019 | May 31, 2019 | Apr. 30, 2019 | Mar. 31, 2019 | Mar. 20, 2018 | Mar. 19, 2018 |
- STOCKHOLDERS' EQUITY [Abstract] | |||||||
On March 19, 2018, the Company issued 4,000,000 founders' shares of common stock to the President, Petru Afanasenco, and, on March 20, 2018, the Company issued 3,000,000 founders'shares of common stock to the Secretary, Andrei Afanasenco, for cash contributions of $4,000 and $3,000 at $0.001 per share, respectively. | 3,000 | 4,000 | |||||
During March 2019, the Company issued 195,000 shares of common stock for cash proceeds of $5,850 at $0.03 per share. | $ 5,850 | ||||||
During April 2019, the Company issued 547,500 shares of common stock for cash proceeds of $16,425 at $0.03 per share. | 16,425 | ||||||
During May 2019, the Company issued 208,000 shares of common stock for cash proceeds of $6,240 at $0.03 per share. | $ 6,240 | ||||||
There were 7,950,500 shares of common stock issued and outstanding as of December 31, 2019 and June 30, 2019. | 7,950,500 | 7,950,500 |
- RELATED PARTY TRANSACTIONS (D
- RELATED PARTY TRANSACTIONS (Details Text) - USD ($) | Dec. 31, 2019 | Jun. 30, 2019 | Dec. 31, 2018 |
- RELATED PARTY TRANSACTIONS [Abstract] | |||
During the six months ended December 31, 2019 and 2018, the President of the Company, Petru Afanasenco, loaned to the Company $44,888 and $0, respectively. | $ 44,888 | $ 0 | |
During the six months ended December 31, 2019 and 2018, the Company's officer, Andrei Afanasenco, loaned to the Company $5,800 and $8,715, respectively. | 5,800 | $ 8,715 | |
As of December 31, 2019 and June 30, 2019, the balance due to the Company's officers was $83,903 and $33,215 respectively | $ 83,903 | $ 33,215 | |
Petru and Andrei Afanasenco have formal commitments to loan funds of $50,000 and $40,000, respectively | $ 90,000 |
- COMMITMENTS AND CONTINGENCI_2
- COMMITMENTS AND CONTINGENCIES (Details Text) | Aug. 21, 2019USD ($) |
Accrued Liabilities and Other Liabilities [Abstract] | |
The contract is $73 per month and is entered into for a month to month-term. | $ 73 |
- INTANGIBLE ASSETS (Details 1)
- INTANGIBLE ASSETS (Details 1) - USD ($) | 6 Months Ended | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2019 | |
Intangible Assets, Net (Including Goodwill) [Abstract] | ||||||
Amortization Expense | $ 16,676 | $ 197 | $ 32,956 | $ 32,957 | $ 32,957 | $ 0 |
Recorded Cost | 98,870 | 98,870 | 98,870 | 98,870 | ||
Accumulated Amortization | 98,870 | 65,913 | 32,957 | 0 | ||
Net Asset Value | $ 0 | $ 32,956 | $ 65,913 | $ 98,870 |
- INTANGIBLE ASSETS (Details Te
- INTANGIBLE ASSETS (Details Text) - USD ($) | 6 Months Ended | |
Dec. 31, 2019 | Jun. 30, 2019 | |
Intangible Assets Text Details [Abstract] | ||
As of June 30, 2019, the unamortized balance of the Application Development Costs related to the purchase or internal development and production of software to be sold, leased, or otherwise marketed was $98,870 | $ 98,870 | |
As of December 31, 2019, the total amount of accumulated amortization was $16,478. | $ 16,478 |