XML 22 R11.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS	6 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	Services Agreement with Fields Management, Inc. During the three months ended December 31, 2015, the Company continued to be a party to a Service Agreement with Fields Management, Inc. (“FMI”), pursuant to which FMI provided certain executive management services to the Company, including designating Mr. Randall K. Fields to perform the functions of President and Chief Executive Officer for the Company. Randall K. Fields, also serves as the Company’s Chairman of the Board of Directors controls FMI. The Company had payables of $52,450 and $37,893 to FMI at December 31, 2015 and June 30, 2015, respectively, under this agreement.

RELATED PARTY TRANSACTIONS

6 Months Ended

Dec. 31, 2015

Services Agreement with Fields Management, Inc.

During the three months ended December 31, 2015, the Company continued to be a party to a Service Agreement with Fields Management, Inc. (“FMI”), pursuant to which FMI provided certain executive management services to the Company, including designating Mr. Randall K. Fields to perform the functions of President and Chief Executive Officer for the Company. Randall K. Fields, also serves as the Company’s Chairman of the Board of Directors controls FMI.

The Company had payables of $52,450 and $37,893 to FMI at December 31, 2015 and June 30, 2015, respectively, under this agreement.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details