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Subsequent Events
12 Months Ended
Jun. 30, 2013
Subsequent Events  
Subsequent events

11.   SUBSEQUENT EVENTS

 

Management has evaluated subsequent events according to ASC TOPIC 855 as of the date of the financial statements and has determined that the following subsequent events are reportable.

 

On July 2, 2013, the Company received an additional advance on the May 2013 Note from Wings Fund, Inc, in the amount of $25,000 to help fund operations. This amount was not included in the total amount due on the May 2013 Note, as of June 30, 2013.

 

On August 26, 2013, the Company signed a lease agreement for approximately 2,534 square feet of office space located at 1933 Cliff Dr., Suite 11, Santa Barbara, CA 93109, , pursuant to a two year lease agreement for approximately $4,308 per month, which commences on October 1, 2013. In addition, the Company is responsible for its pro-rata share of common area maintenance fees.