Emerge Health International (MTWD) 10-K 30 Sep 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2014	Sep. 24, 2014
Document And Entity Information	'	'
Entity Registrant Name	'METWOOD INC.	'
Entity Central Index Key	'0000032567	'
Document Type	'10-K	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Public Float	'	$5,720,015
Entity Common Stock, Shares Outstanding	'	15,221,647
Document Fiscal Period Focus	'FY	'
Document Fiscal Year Focus	'2014	'

Consolitated_Balance_Sheets

Consolitated Balance Sheets (USD $)	Jun. 30, 2014	Jun. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$36,836	$174,650
Accounts receivable, net	149,671	238,515
Inventory	815,192	930,672
Total current assets	1,046,054	1,373,997
Leasehold and land improvements	274,869	266,689
Furniture, fixtures and equipment	78,222	93,243
Computer hardware, software and peripherals	175,207	178,605
Machinery and shop equipment	467,166	465,085
Vehicles	387,443	372,646
Land improvements	67,959	67,959
Total	1,450,866	1,444,227
Less accumulated depreciation	-1,071,802	-1,063,326
Net property and equipment	379,064	380,901
Deferred tax asset, less valuation reserve	246,163	189,308
Total Other Assets	246,163	189,308
TOTAL ASSETS	1,671,282	1,944,206
Current Liabilities	'	'
Accounts payable	205,037	135,248
Customer deposits	13,166	115,011
Accrued expenses	19,225	10,791
Total current liabilities	237,428	261,050
Due to related company	94,815	100,000
Total long-term liabilities	94,815	100,000
Total liabilities	332,243	361,050
Common stock, $.001 par,100,000,000 shares authorized;15,221,647 shares issued and outstanding at June 30, 2014 and 2013 respectively	15,222	15,222
Common stock not yet issued ($.001 par, 8,150 shares) June 30, 2014 and 2013 respectively	8	8
Preferred Stock, $.001 par, 40,000,000 shares authorized; 0 shares issued and outstanding at March 31, 2014	'	'
Additional paid-in capital	1,899,773	1,899,773
Retained earnings (deficit)	-575,964	-331,847
Total stockholders' equity	1,339,039	1,583,156
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$1,671,282	$1,944,206

Consolitated_Balance_Sheets_Pa

Consolitated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Statement of Financial Position [Abstract]	'	'
Common Stock, par value	$0.00	$0.00
Common Stock Authorized	100,000,000	100,000,000
Common Stock Issued and outstanding	15,221,647	15,221,647
Common Stock not issued	8,150	8,150
Par Value	$0.00	$0.00

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
REVENUES	'	'
Gross of sales	$1,933,006	$2,157,379
Cost of sales	1,384,630	1,359,162
Gross profit	548,375	798,217
Advertising	17,731	29,607
Bad debt provision	77,192	110
Depreciation	22,679	22,289
Insurance	18,936	22,584
Payroll expenses	440,208	767,770
Professional Fees	42,207	60,022
Rent	75,045	80,820
Research and development	7,829	5,073
Telephone	23,281	19,525
Vehicle	26,596	30,683
Other	77,054	174,355
Total administrative expenses	828,758	1,212,838
Operating loss	-280,383	-414,621
Other income (expense)	-20,589	9,967
Income (loss) before income tax benifit	-300,975	-404,654
Income tax (benefit)	-56,855	-77,150
Net (loss)	($244,117)	($327,504)
Basic and diluted deficit per share	($0.02)	($0.02)
Weighted average number of shares	15,221,647	15,221,647

Consolitated_Statements_of_Cas

Consolitated Statements of Cash Flows (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Statement of Cash Flows [Abstract]	'	'
Net income loss	($244,117)	($327,504)
Depreciation,net of property disposals	72,518	62,258
Loss on property disposals	3,191	6,170
Provision for deferred income taxes	-56,855	-77,150
Accounts receivable	88,844	-7,134
Impairment loss on intangible assets	'-	'-
Inventory	115,480	31,108
Prepaid expenses	'	1,411
Other current assets	-14,196	'
Refundable income taxes	'	'
Accounts payable and accrued expenses	-25,904	110,628
Net cash provided from (used for) operating activities	-61,039	-158,282
Property, plant and equipment purchases	-76,776	-29,567
Net cash provided by investing activities	-76,776	-29,567
FINANCING ACTIVITIES	'	'
Net repayment to related party	'	-12,711
Net borrowings from vehicle financing	'	'
Net cash (used-in) financing activities	'	-12,711
Net increase (decrease) in cash	-137,814	116,004
Cash, beginning of the year	174,650	58,646
Cash, end of the period	$36,836	$174,650

Consolidated_Statement_of_Shar

Consolidated Statement of Shareholders Equity (USD $)	Common Shares (000s)	Common Shares ($.001 Par)	Common Shares Not Yet Issued (000s)	Common Shares Not Yet Issued ($.001 Par)	Additional Paid-In Capital	Retained Earnings Deficit
Begining Balance, amount at Jun. 30, 2012	'	$12,232	'	$8	$1,544,268	($4,343)
Begining Balance, shares at Jun. 30, 2012	12,232	'	8	'	'	'
Issuance of common stock to employes, shares	560	'	'	'	'	'
Issuance of common stock to employes, amout	'	560	'	'	285,040	'
Issuance of common stock to related company, shares	2,430	'	'	'	'	'
Issuance of common stock to related company, amount	'	2,430	'	'	70,465	'
Net loss for the year	'	'	'	'	'	-327,504
Ending balance, amount at Jun. 30, 2013	'	15,222	'	8	1,899,773	-331,847
Ending Balance, shares at Jun. 30, 2013	1,522	'	8	'	'	'
Issuance of common stock to employes, shares	'	'	'	'	'	'
Issuance of common stock to employes, amout	'	'	'	'	'	'
Issuance of common stock to related company, shares	'	'	'	'	'	'
Issuance of common stock to related company, amount	'	'	'	'	'	'
Net loss for the year	'	'	'	'	'	-244,117
Ending balance, amount at Jun. 30, 2014	'	$15,222	'	$8	$1,899,773	($575,964)
Ending Balance, shares at Jun. 30, 2014	15,222	'	8	'	'	'

NOTE_1_ORGANIZATION_AND_OPERAT

NOTE 1 - ORGANIZATION AND OPERATIONS	12 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
NOTE 1 - ORGANIZATION AND OPERATIONS	'
	NOTE 1 - ORGANIZATION AND OPERATIONS
	Metwood, Inc. ("Metwood") was organized under the laws of the Commonwealth of Virginia on
	April 7, 1993. On June 30, 2000, Metwood entered into an Agreement and Plan of Reorganization in which the majority of its outstanding common stock was acquired by a publicly held Nevada shell corporation. The acquisition was a tax-free exchange for federal and state income tax purposes and was accounted for as a reverse merger in accordance with Accounting Principles Board ("APB") Opinion No. 16. Upon acquisition, the name of the shell corporation was changed to Metwood, Inc., and Metwood, Inc., the Virginia corporation, became a wholly owned subsidiary of Metwood, Inc., the Nevada corporation. The publicly traded shell corporation had not had a material operating history for several years prior to the merger.
	Effective January 1, 2002, Metwood acquired certain assets of Providence Engineering, PC
	("Providence"), a professional engineering firm with customers in the same proximity as Metwood,
	for $350,000 and accounted for the transaction under the purchase method of accounting. As of June 30, 2012, Providence is no longer an operating segment of the Company. We have concluded that the majority of the engineering portion of the business can best be handled through a strategic partnership with an outside engineering firm. We believe that continuing research and development efforts will soon enable us to meet code requirements for our products and will eliminate the need for individual engineering seals.
	We provide construction-related products and engineering services to residential customers and
	contractors, commercial contractors, developers and retail enterprises, primarily in southwestern
	Virginia.

NOTE_2_SUMMARY_OF_SIGNIFICANT_

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES
	Basis of Presentation - The financial statements include the accounts of Metwood, Inc. (a Nevada
	corporation) and its wholly owned subsidiary, Metwood Inc. (a Virginia corporation) prepared in
	accordance with accounting principles generally accepted in the United States of America and
	pursuant to the rules and regulations of the Securities and Exchange Commission. All significant
	intercompany balances and transactions have been eliminated.
	Management's Use of Estimates - The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Fair Value of Financial Instruments - For certain of our financial instruments, none of which are held
	for trading, including cash, accounts receivable, accounts payable and accrued expenses, and the bank lines of credit, the carrying amounts approximate fair value due to their short maturities.
	Cash and Cash Equivalents - For purposes of the Consolidated Statements of Cash Flows, we consider liquid investments with an original maturity of three months or less to be cash equivalents. We maintain our cash in bank deposit accounts, which, at times, may exceed the federally insured limit of $250,000. We have not experienced any losses in such accounts and believe we are not exposed to any significant credit risk on cash and cash equivalents.
	Accounts Receivable - We grant credit in the form of unsecured accounts receivable to our customers based on an evaluation of their financial condition. We perform ongoing credit evaluations of our customers. The estimate of the allowance for doubtful accounts, which is charged off to bad debt expense, is based on management’s assessment of current economic conditions and historical collection experience with each customer. At June 30, 2014 and 2013, the allowance for doubtful accounts was $7,800 and $5,000, respectively. Specific customer receivables are considered past due when they are outstanding beyond their contractual terms and are charged off to the allowance for doubtful accounts when determined uncollectible. For the years ended June 30, 2014 and 2013, the bad debt expense was $77,192 and $110, respectively.
	Inventory - Inventory, consisting primarily of metal and wood raw materials, is located on our premises and is stated at the lower of cost or market using the first-in, first-out method.
	Property and Equipment - Property and equipment are stated at cost less accumulated depreciation and are depreciated over their estimated useful lives using the straight-line method. Recovery periods range from three to thirty-nine years. Upon retirement or sale, the cost and related accumulated depreciation are removed from the balance sheet, and the resulting gain or loss is reflected in other income and expense. Maintenance and repairs are charged to operations as incurred.
	Impairment of Long-lived Assets - We evaluate our long-lived assets for indications of possible
	impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability is measured by comparing the carrying amounts to the future net undiscounted cash flows which the assets are expected to generate. Should an impairment exist, the impairment would be measured by the amount by which the carrying amount of the assets exceeds the projected discounted future cash flows arising from the asset. There have been no such impairments long-lived assets through June 30, 2014 and 2013.
	Patents - We have been assigned several key product patents developed by certain Company officers. No value has been recorded in our financial statements because the fair value of the patents was not determinable within reasonable limits at the date of assignment.
	Revenue Recognition - Revenue is recognized when goods are shipped and earned or when services are performed, provided collection of the resulting receivable is probable. If any material
	contingencies are present, revenue recognition is delayed until all material contingencies are
	eliminated. Further, no revenue is recognized unless collection of the applicable consideration is
	probable.
	Income Taxes - Income taxes are accounted for in accordance with FASB ASC 740, Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and for net operating loss carryforwards, where applicable. 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 the entire deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment.
	Research and Development - We perform research and development on our metal/wood products, new product lines, and new patents. Costs, if any, are expensed as they are incurred. For the year ended June 30, 2014, expenses were $7,829 and for the year ended June 30, 2013, expenses were $5,073.
	Advertising - We expense advertising costs as incurred. However, certain expenditures are treated
	as prepaid (such as trade show fees) if they are for goods or services which will not be received until after the end of the accounting period. These costs are subsequently recognized as expenses in those periods in which the goods or services are received.
	Earnings Per Common Share - Basic earnings per share amounts are based on the weighted average shares of common stock outstanding. If applicable, diluted earnings per share would assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. This presentation has been adopted for the years presented. There were no adjustments required to net income for the years presented in the computation of diluted earnings per share.
	Recent Accounting Pronouncements – In May 2014, the FASB issued ASU No. 2014-09,
	Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09"). With ASU 2014-09, the FASB supersedes the revenue recognition requirements of Topic 605, Revenue Recognition, and most industry-specific guidance. ASU 2014-09 sets forth an entirely new revenue recognition model, codified in FASB ASC 606-10, requiring that contracts be identified, performance obligations be identified, the transaction price be determined and allocated to performance obligations, and revenue be recognized upon satisfaction of performance obligations. ASU 2014-09 is effective for public companies for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is not permitted.
	In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward except to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. In assessing whether a loss or tax credit carryforward is available to settle additional income taxes at the reporting date, entities would not consider future developments such as the subsequent expiration of a deferred tax asset. The assessment would only reflect conditions present at the reporting date. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.
	Management does not believe that any other recently issued, but not yet effective accounting
	pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

NOTE_3_RELATED_PARTY_TRANSACTI

NOTE 3 - RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
NOTE 5 - RELATED PARTY TRANSACTIONS	'
	NOTE 3 - RELATED-PARTY TRANSACTIONS
	For the years ended June 30, 2014 and 2013, we had sales of $18,721 and $21,455, respectively, to a related company 50% owned by our CEO. As of June 30, 2014 and 2013, the related receivable was $-0-.
	Also, from time to time we contract with this related company which provides capital improvements and maintenance work on our buildings and grounds. Billings for such services during the years ended June 30, 2014 and 2013 were $2,585 and 10,080, respectively.
	Additionally, Metwood has a note payable to the related company incurred for services provided. The balances at June 30, 2014 and 2013 were $94,815 and $100,000, respectively.

NOTE_4_COMMITMENT

NOTE 4 - COMMITMENT	12 Months Ended
	Jun. 30, 2014
Supplemental Cash Flow Elements [Abstract]	'
NOTE 4 - COMMITMENT	'
	NOTE 4 - COMMITMENT
	In prior years, we implemented a stock-based incentive compensation plan for our employees.
	Participating employees have an after-tax deduction withheld by the Company throughout the calendar year. As of December 31 of each year, the employee is considered vested in the plan, and we will match the participating employee's withheld amounts. We may also make a discretionary contribution based upon pay incentives or attendance. Periodically, we will purchase restricted stock on behalf of the employee in the amount of his withholdings, our match, and any discretionary contributions.

NOTE_5_EQUITY

NOTE 5 - EQUITY	12 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
NOTE 5 - EQUITY	'
	NOTE 5 - EQUITY
	During the year ended June 30, 2013, we issued 560,000 common shares for the benefit of employees included in our stock-based incentive compensation program. In addition, 2,429,850 shares were issued to a related party as payment for a finder's fee during the year ended June 30, 2013. There were no shares issued in the program for the year ended June 30, 2014
	.

NOTE_6_SALE_OF_FIXED_ASSETS_AN

NOTE 6 - SALE OF FIXED ASSETS AND RELATED OPERATING LEASE	12 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
NOTE 6 - SALE OF FIXED ASSETS AND RELATED OPERATING LEASE	'
	NOTE 6 - SALE OF FIXED ASSETS AND RELATED OPERATING LEASE
	During the year ended June 30, 2005, we entered into a sale and leaseback transaction with a related party. We sold the various buildings at our corporate headquarters which house our manufacturing plants, executive offices and other buildings for $600,000 in cash. We simultaneously entered into a commercial lease agreement with the related party whereby we have been committed to lease back these same properties over a ten-year term expiring December 31, 2014. Rent expense charged to operations related to the commercial lease for the years ended June 30, 2014 and 2013 was $76,000 and $81,600, respectively.
	Future minimum lease payments under non-cancelable operating leases as of June 30, 2014 are as follows:
	Year Ending June 30,
	2015 and beyond	$42,000

NOTE_7_INCOME_TAXES

NOTE 7 - INCOME TAXES	12 Months Ended
	Jun. 30, 2014									Jun. 30, 2013
Income Tax Disclosure [Abstract]	'									'
NOTE 7 - INCOME TAXES	'									'
										NOTE 8 - INCOME TAXES
		For the Three Months Ended				For the Nine Months Ended
		March 31,				March 31,				The components of income tax benefit consist of:
		2014		2013		2014		2013			2014			2013
	Cash paid for:									Current:
	Income taxes	$	—	$	—	$	—	$	—	Federal	$	(41,910	)	$	(20,681	)
	Interest	$	1,438	$	6	$	7,751	$	26	State		(8,564	)		(5,598	)
												(50,474	)		(26,279	)
										Deferred:
										Federal		(6,176	)		(44,569	)
										State		(205	)		(6,302	)
												(6,381	)		(50,871	)
										Total income tax benefit	$	(56,855	)	$	(77,150	)
										The reconciliation of the provision for income taxes at the U. S. federal statutory income tax rate of 39% to the Company's income taxes is as follows:
										Loss before income taxes	$	(300,972	)	$	(404,654	)
										Income tax benefit computed at the statutory rate		(117,379	)		(157,815	)
										State income tax benefit, net of federal tax effect		(10,699	)		(14,517	)
										Non-deductible expenses		3,375			3,119
										Valuation reserve adjustment		56,855			77,150
										Effect of graduated income tax rates		10,993			14,913
										Total income tax benefit	$	(56,855	)	$	(77,150	)
										Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for federal and state income tax purposes.  We have recorded deferred tax assets at June 30, 2014 and 2013, net of a valuation reserve, of $246,163 and $189,308, respectively.  The components of these amounts are as follows:
												2014			2013
										Tax loss carryforward	$	189,847		$	102,666
										Depreciation and miscellaneous		56,316			86,642
										Net deferred tax asset	$	246,163		$	189,308

NOTE_2_SUMMARY_OF_SIGNIFICANT_1

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation - The financial statements include the accounts of Metwood, Inc. (a Nevada
	corporation) and its wholly owned subsidiary, Metwood Inc. (a Virginia corporation) prepared in
	accordance with accounting principles generally accepted in the United States of America and
	pursuant to the rules and regulations of the Securities and Exchange Commission. All significant
	intercompany balances and transactions have been eliminated.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments - For certain of our financial instruments, none of which are held
	for trading, including cash, accounts receivable, accounts payable and accrued expenses, and the bank lines of credit, the carrying amounts approximate fair value due to their short maturities.
Cash and Cash Equivalent	'
	Cash and Cash Equivalents - For purposes of the Consolidated Statements of Cash Flows, we consider liquid investments with an original maturity of three months or less to be cash equivalents. We maintain our cash in bank deposit accounts, which, at times, may exceed the federally insured limit of $250,000. We have not experienced any losses in such accounts and believe we are not exposed to any significant credit risk on cash and cash equivalents.
Accounts Receivable	'
	Accounts Receivable - We grant credit in the form of unsecured accounts receivable to our customers based on an evaluation of their financial condition. We perform ongoing credit evaluations of our customers. The estimate of the allowance for doubtful accounts, which is charged off to bad debt expense, is based on management’s assessment of current economic conditions and historical collection experience with each customer. At June 30, 2014 and 2013, the allowance for doubtful accounts was $7,800 and $5,000, respectively. Specific customer receivables are considered past due when they are outstanding beyond their contractual terms and are charged off to the allowance for doubtful accounts when determined uncollectible. For the years ended June 30, 2014 and 2013, the bad debt expense was $77,192 and $110, respectively.
Inventory	'
	Inventory - Inventory, consisting primarily of metal and wood raw materials, is located on our premises and is stated at the lower of cost or market using the first-in, first-out method.
Impairment of Long-lived Assets	'
	Impairment of Long-lived Assets - We evaluate our long-lived assets for indications of possible
	impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability is measured by comparing the carrying amounts to the future net undiscounted cash flows which the assets are expected to generate. Should an impairment exist, the impairment would be measured by the amount by which the carrying amount of the assets exceeds the projected discounted future cash flows arising from the asset. There have been no such impairments of long-lived assets through June 30, 2014 and 2013.
Management's Use of Estimates	'
	Management's Use of Estimates - The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Patents	'
	Patents - We have been assigned several key product patents developed by certain Company officers. No value has been recorded in our financial statements because the fair value of the patents was not determinable within reasonable limits at the date of assignment.
Revenue Recognition	'
	Revenue Recognition - Revenue is recognized when goods are shipped and earned or when services are performed, provided collection of the resulting receivable is probable. If any material
	contingencies are present, revenue recognition is delayed until all material contingencies are
	eliminated. Further, no revenue is recognized unless collection of the applicable consideration is
	probable.
Income Taxes	'
	Income Taxes - Income taxes are accounted for in accordance with FASB ASC 740, Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and for net operating loss carryforwards, where applicable. 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 the entire deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment.
Research and Development	'
	Research and Development - We perform research and development on our metal/wood products, new product lines, and new patents. Costs, if any, are expensed as they are incurred. For the year ended June 30, 2014, expenses were $7,829 and for the year ended June 30, 2013, expenses were $5,073.
Advertising	'
	Advertising - We expense advertising costs as incurred. However, certain expenditures are treated
	as prepaid (such as trade show fees) if they are for goods or services which will not be received until after the end of the accounting period. These costs are subsequently recognized as expenses in those periods in which the goods or services are received.
Earnings (Loss) Per Common Shares	'
	Earnings Per Common Share - Basic earnings per share amounts are based on the weighted average shares of common stock outstanding. If applicable, diluted earnings per share would assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. This presentation has been adopted for the years presented. There were no adjustments required to net income for the years presented in the computation of diluted earnings per share.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements – In May 2014, the FASB issued ASU No. 2014-09,
	Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09"). With ASU 2014-09, the FASB supersedes the revenue recognition requirements of Topic 605, Revenue Recognition, and most industry-specific guidance. ASU 2014-09 sets forth an entirely new revenue recognition model, codified in FASB ASC 606-10, requiring that contracts be identified, performance obligations be identified, the transaction price be determined and allocated to performance obligations, and revenue be recognized upon satisfaction of performance obligations. ASU 2014-09 is effective for public companies for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is not permitted.
	In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward except to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the
	financial statements as a liability and should not be combined with deferred tax assets. In assessing whether a loss or tax credit carryforward is available to settle additional income taxes at the reporting date, entities would not consider future developments such as the subsequent expiration of a deferred tax asset. The assessment would only reflect conditions present at the reporting date. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.
	Management does not believe that any other recently issued, but not yet effective accounting
	pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

NOTE_4_SUPPLEMENTAL_CASH_FLOW_

NOTE 4 - SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2014									Jun. 30, 2013
Supplemental Cash Flow Elements [Abstract]	'									'
Income Taxes	'									'
										NOTE 8 - INCOME TAXES
		For the Three Months Ended				For the Nine Months Ended
		March 31,				March 31,				The components of income tax benefit consist of:
		2014		2013		2014		2013			2014			2013
	Cash paid for:									Current:
	Income taxes	$	—	$	—	$	—	$	—	Federal	$	(41,910	)	$	(20,681	)
	Interest	$	1,438	$	6	$	7,751	$	26	State		(8,564	)		(5,598	)
												(50,474	)		(26,279	)
										Deferred:
										Federal		(6,176	)		(44,569	)
										State		(205	)		(6,302	)
												(6,381	)		(50,871	)
										Total income tax benefit	$	(56,855	)	$	(77,150	)
										The reconciliation of the provision for income taxes at the U. S. federal statutory income tax rate of 39% to the Company's income taxes is as follows:
										Loss before income taxes	$	(300,972	)	$	(404,654	)
										Income tax benefit computed at the statutory rate		(117,379	)		(157,815	)
										State income tax benefit, net of federal tax effect		(10,699	)		(14,517	)
										Non-deductible expenses		3,375			3,119
										Valuation reserve adjustment		56,855			77,150
										Effect of graduated income tax rates		10,993			14,913
										Total income tax benefit	$	(56,855	)	$	(77,150	)
										Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for federal and state income tax purposes.  We have recorded deferred tax assets at June 30, 2014 and 2013, net of a valuation reserve, of $246,163 and $189,308, respectively.  The components of these amounts are as follows:
												2014			2013
										Tax loss carryforward	$	189,847		$	102,666
										Depreciation and miscellaneous		56,316			86,642
										Net deferred tax asset	$	246,163		$	189,308

NOTE_6_SALES_OF_FIXED_ASSETS_A

NOTE 6 - SALES OF FIXED ASSETS AND RELATED OPERATING LEASE (Tables) (USD $)	Jun. 30, 2014
Notes to Financial Statements	'
Future Lease payments	$42,000

NOTE_1_ORGANIZATION_AND_OPERAT1

NOTE 1 - ORGANIZATION AND OPERATIONS (Details Narrative) (USD $)	Jan. 01, 2002
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Acquisition of Assets	$350,000

NOTE_2_SUMMARY_OF_SIGNIFICANT_2

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES (Details Narrative) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Abstract]	'	'	'	'	'	'
Allowance for doubtful accounts	'	'	'	'	$5,000	'
Bad debts	18,199	-102	18,199	110	'	'
Research and development costs	$800	$143	$7,217	$4,930	$7,829	$5,073

NOTE_3_RELATED_PARTY_TRANSACTI1

NOTE 3 -- RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Related Party Transactions [Abstract]	'	'
Maintenance Service	$2,585	$10,080
Sales	18,721	21,455
Related receivables	0	0
Paid to Related parties	$94,815	$100,000

NOTE_4_SUPPLEMENTAL_CASH_FLOW_1

NOTE 4 - SUPPLEMENTAL CASH FLOW INFORMATION - Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 30, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Supplemental Cash Flow Elements [Abstract]	'	'	'	'
Income taxes	'	'	'	'
Interest	$1,438	$6	$7,751	$26

NOTE_5_EQUITY_Details_Narrativ

NOTE 5 - EQUITY (Details Narrative) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Note 5 - Equity Details Narrative Usd	'	'
Common shares issued	0	560,000
Shares issued to related party for consulting fees	'	2,429,850

NOTE_6_SALES_OF_FIXED_ASSETS_A1

NOTE 6 - SALES OF FIXED ASSETS AND RELATED OPERATING LEASE (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2005
Notes to Financial Statements	'
[ProceedsFromSaleOfOtherPropertyPlantAndEquipment]	$600,000

NOTE_7_INCOME_TAXES_Details_Na

NOTE 7 - INCOME TAXES (Details Narrative) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]	'	'
Federal Income Tax Benefit	($41,910)	($20,681)
State Taxes	-8,564	-5,598
Total Income Tax Benefit	-50,474	-26,279
Loss Before Income Taxes	-300,975	-404,654
Computed at the Statutory Rate	-11737900.00%	-15781500.00%
State Income Tax benefit	-10,699	-14,517
Non-deductible Expenses	3,375	3,120
Valuation Reserve Adjustment	56,855	77,150
Effect of graduated income tax rates	10,993	14,912
Total Income Tax Benefits	-56,855	-77,150
Valuation Reserves-Deferred Tax Assets	246,163	189,308
Tax Loss carryforward	189,847	102,666
Depreciation - Miscellaneous	56,316	86,642
Deferred tax Asset	$246,163	$189,308