Note 2 - Significant Accounting Policies: Earnings Per Share, Policy (Policies)

12 Months Ended

Jun. 30, 2017

Policies

Earnings Per Share, Policy

j. Basic and diluted net loss per share

The Company computes net loss per share of common stock in accordance with FASB ASC 260, Earnings per Share (“ASC 260”).  Under the provisions of FASB ASC 260, basic net income (loss) per share is computed using the weighted average number of common shares outstanding during the period.  Diluted net loss per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period.  Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants and the conversion of convertible loan payable.  As of June 30, 2017, 2,291,000 stock options were considered in the calculation but not included, as they were anti-dilutive (June 30, 2016 - 1,182,667 stock options and 13,333 warrants).