Loans payable	6 Months Ended
Dec. 31, 2016
Notes to Financial Statements
Loans payable	*14. Loans payable* On December 22, 2016, SWC entered an agreement with a lending company for its working capital needs. The loan was payable on the 122^nd day from the entering date of the agreement. The principal amount of the loan was $75,000 and the repayment amount was $109,425 including interest with daily payment of $899. At December 31, 2016, the outstanding balance under the loan was $71,920. On July 1, 2012, SWC entered an equipment loan agreement with a bank with maturity on June 1, 2017. The monthly payment is $255. At December 31, 2016, the outstanding balance under this loan was $1,690. On March 1, 2012, SWC entered an equipment loan agreement with a bank with maturity on January 1, 2017. The monthly payment is $435. At December 31, 2016, the outstanding balance under this loan was $488. On March 5, 2013, the company entered an equipment loan agreement with Toyota financial services with maturity date of April 4, 2018. As of December 31, 2016 the balance under this loan is $7,540 On January 5, 2016, the Company received a loan for $100,000 from an investor. The note bears 0% annual interest and is due on December 31, 2017. As of December 31, 2016 the balance under this loan is $60,000 . On July 11, 2016, the Company received a loan from Greater Asia Technology for $150,000. There were loan fees of $8,000 associated with origination of the loan, which bears 40% annual interest and is due on January 15, 2017. As of December 31, 2016, this note had a balance of $80,818. On September 26, 2016, the Company received a loan from Greater Asia Technology for $100,000. It was predetermined interest on the loan would be $40,000. This amount was recorded as a discount to the loan payable amount and is to be amortized on a monthly basis over the life of the loan. The loan is due on November 25, 2017. As of December 31, 2016, this note had a balance of $100,000. On September 26, 2016, the Company received a loan from Greater Asia Technology for $12,500. The loan bears 100% annual interest and is due on November 23, 2017. As of December 31, 2016, this note had a balance of $12,500. On October 28, 2016, the Company received a loan from Autumn Group, LLC for $100,000. It was predetermined interest on the loan would be $100,000. This amount was recorded as a discount to the loan payable amount and is to be amortized on a monthly basis over the life of the loan. The loan is due on September 26, 2017. The loan bears 100% annual interest and is due on November 1, 2017. As of December 31, 2016, this note had a balance of $100,000. As of December 31, 2016, the company had outstanding loan balance of $5,053 from two vendors of the Company. As of December 31, 2016, the total interest balance accrued for loan payable was $125,833.

Loans payable

6 Months Ended

Dec. 31, 2016

14. Loans payable

On December 22, 2016, SWC entered an agreement with a lending company for its working capital needs. The loan was payable on the 122^nd day from the entering date of the agreement. The principal amount of the loan was $75,000 and the repayment amount was $109,425 including interest with daily payment of $899. At December 31, 2016, the outstanding balance under the loan was $71,920.

On July 1, 2012, SWC entered an equipment loan agreement with a bank with maturity on June 1, 2017. The monthly payment is $255. At December 31, 2016, the outstanding balance under this loan was $1,690.

On March 1, 2012, SWC entered an equipment loan agreement with a bank with maturity on January 1, 2017. The monthly payment is $435. At December 31, 2016, the outstanding balance under this loan was $488.

On March 5, 2013, the company entered an equipment loan agreement with Toyota financial services with maturity date of April 4, 2018. As of December 31, 2016 the balance under this loan is $7,540

On January 5, 2016, the Company received a loan for $100,000 from an investor. The note bears 0% annual interest and is due on December 31, 2017. As of December 31, 2016 the balance under this loan is $60,000 .

On July 11, 2016, the Company received a loan from Greater Asia Technology for $150,000. There were loan fees of $8,000 associated with origination of the loan, which bears 40% annual interest and is due on January 15, 2017. As of December 31, 2016, this note had a balance of $80,818.

On September 26, 2016, the Company received a loan from Greater Asia Technology for $100,000. It was predetermined interest on the loan would be $40,000. This amount was recorded as a discount to the loan payable amount and is to be amortized on a monthly basis over the life of the loan. The loan is due on November 25, 2017.

As of December 31, 2016, this note had a balance of $100,000.

On September 26, 2016, the Company received a loan from Greater Asia Technology for $12,500. The loan bears 100% annual interest and is due on November 23, 2017. As of December 31, 2016, this note had a balance of $12,500.

On October 28, 2016, the Company received a loan from Autumn Group, LLC for $100,000. It was predetermined interest on the loan would be $100,000. This amount was recorded as a discount to the loan payable amount and is to be amortized on a monthly basis over the life of the loan. The loan is due on September 26, 2017.

The loan bears 100% annual interest and is due on November 1, 2017. As of December 31, 2016, this note had a balance of $100,000.

As of December 31, 2016, the company had outstanding loan balance of $5,053 from two vendors of the Company.

As of December 31, 2016, the total interest balance accrued for loan payable was $125,833.