Capital Stock

12 Months Ended

Jun. 30, 2021

Equity [Abstract]

Capital Stock

4.Capital Stock 

The Company has 10,000,000 shares of Preferred Stock authorized at a par value of $0.0001 and none has been issued at June 30, 2021 and 2020.

At June 30, 2021 and 2020, the Company had 30,920 and 30,218 common shares issued and outstanding, respectively. 

On November 10, 2020, the majority of the shareholders and board of directors of the Registrant approved a 100,000 to 1 reverse split of all issued common shares. On December 18, 2020, this reverse split was approved by FINRA and effective.  All share and per share information has been retroactively adjusted for the reverse stock split.

On November 10, 2020, the majority of the shareholders and board of directors of the Registrant approved a decrease in the number of authorized shares of common stock of the Company, par value $0.0001 per share, from 3,000,000,000 shares to 300,000,000 shares. 

During the year ended June 30, 2021, 702 shares of common stock were returned to treasury and cancelled.

The Company has no other classes of shares authorized for issuance. At June 30, 2021 and 2020, there were no outstanding stock options or warrants.