Related Party Transactions	12 Months Ended
Jun. 30, 2017
Related Party Transactions
Related Party Transactions	*14. Related party transactions* *Shares issued to related parties* On June 30, 2017, the Company granted 5,000,000 shares to the Company’s CEO and Chairman in lieu of Salary. The shares were valued at $0.05 per share. Jimmy Chan, at June 30, 2017 granted total 4,500,000 to employees/consultants in lieu of salary, of that 4,500,000 commons shares, 1,500,000 were granted to our former director Simon Yu for serving as director during the fiscal year, 1,000,000 common shares to director Richard Ko, 500,000 common shares to our Sr. Accountant Tsz Ming Wong, 1,500,000 common shares to our Sr. Procurement Manager Michael Shang-Ju Yeh. As of the date of this filing, the 9,500,000 have not been issued. On June 30, 2016, the Company’s CEO and Chairman, Jimmy Chan, was awarded five (5) million shares of restricted common stock in the Company in lieu of salary, equivalent to $450,000. The shares were issued on September 7, 2016. On June 30, 2016, Director Waylon Huang, was awarded three (3) million shares of restricted common stock in the Company in lieu of salary, equivalent to $90,000. Mr. Huang is also the general manager of the CarryOutSupplies.com. The shares were issued on September 7, 2016 On June 30, 2016, Richard Ko, was awarded three (3) million shares of restricted common stock in the Company in lieu of salary, equivalent to $90,000 annually for services provided to the Company. The shares were issued on September 7, 2016 *Loans payable – related parties* As of June 30, 2017, the Company had loans payable to related parties of $228,412 as described below: On June 26, 2017, SGMD entered a straight promissory note with a company (whose major shareholder is the former director of the Company) for borrowing $150,820 with maturity date on December 31, 2017; the note bears an interest rate of 12%, commencing on October 31, 2017, and on the last day of each moth thereafter until the notes is paid in full, the Company shall make an interest payment. As of June 30, 2017, the outstanding balance under this note was $150,820 with $6,032.8 interest discount to loan payable. On July 7, 2016, SWC received a loan from the same employee indicated above. The amount of the loan bore no interest and amortized on a monthly basis over the life of the loan. As of June 30, 2017, the balance of the loan is $34,015. On November 21, 2016, SGMD received a loan from the Company’s director. The amount of the loan bore no interest and amortized on a monthly basis over the life of the loan. As of June 30, 2017, the balance of the loan is $3,960. In additional, SWC owes this director $9,287 at June 30, 2017. On December 1, 2016, SGMD received a loan from an employee for $12,500 with an interest charge of $12,500. This amount was recorded as interest owed 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 December 1, 2017. As of June 30, 2017, the balance is $6,250. From time to time, SWC would receive short-term loans from LMK Capital, LLC (“LMK”) for its working capital needs. At June 30, 2017, the Company had outstanding balance $34,107 borrowed from LMK Capital., LLC, a company affiliated with CEO Chan. As of June 30, 2016, the Company had loans payable to related parties of $318,960 as described below: On June 30, 2016, the company had outstanding balance of $54,511 borrowed from shareholders. At June 30, 2016, the Company had outstanding balance of $264,449 borrowed from LMK Capital., LLC, a company affiliated with CEO Chan.

Related Party Transactions

12 Months Ended

Jun. 30, 2017

14. Related party transactions

Shares issued to related parties

On June 30, 2017, the Company granted 5,000,000 shares to the Company’s CEO and Chairman in lieu of Salary. The shares were valued at $0.05 per share. Jimmy Chan, at June 30, 2017 granted total 4,500,000 to employees/consultants in lieu of salary, of that 4,500,000 commons shares, 1,500,000 were granted to our former director Simon Yu for serving as director during the fiscal year, 1,000,000 common shares to director Richard Ko, 500,000 common shares to our Sr. Accountant Tsz Ming Wong, 1,500,000 common shares to our Sr. Procurement Manager Michael Shang-Ju Yeh. As of the date of this filing, the 9,500,000 have not been issued.

On June 30, 2016, the Company’s CEO and Chairman, Jimmy Chan, was awarded five (5) million shares of restricted common stock in the Company in lieu of salary, equivalent to $450,000. The shares were issued on September 7, 2016.

On June 30, 2016, Director Waylon Huang, was awarded three (3) million shares of restricted common stock in the Company in lieu of salary, equivalent to $90,000. Mr. Huang is also the general manager of the CarryOutSupplies.com. The shares were issued on September 7, 2016

On June 30, 2016, Richard Ko, was awarded three (3) million shares of restricted common stock in the Company in lieu of salary, equivalent to $90,000 annually for services provided to the Company. The shares were issued on September 7, 2016

Loans payable – related parties

As of June 30, 2017, the Company had loans payable to related parties of $228,412 as described below:

On June 26, 2017, SGMD entered a straight promissory note with a company (whose major shareholder is the former director of the Company) for borrowing $150,820 with maturity date on December 31, 2017; the note bears an interest rate of 12%, commencing on October 31, 2017, and on the last day of each moth thereafter until the notes is paid in full, the Company shall make an interest payment. As of June 30, 2017, the outstanding balance under this note was $150,820 with $6,032.8 interest discount to loan payable.

On July 7, 2016, SWC received a loan from the same employee indicated above. The amount of the loan bore no interest and amortized on a monthly basis over the life of the loan. As of June 30, 2017, the balance of the loan is $34,015.

On November 21, 2016, SGMD received a loan from the Company’s director. The amount of the loan bore no interest and amortized on a monthly basis over the life of the loan. As of June 30, 2017, the balance of the loan is $3,960. In additional, SWC owes this director $9,287 at June 30, 2017.

On December 1, 2016, SGMD received a loan from an employee for $12,500 with an interest charge of $12,500. This amount was recorded as interest owed 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 December 1, 2017. As of June 30, 2017, the balance is $6,250.

From time to time, SWC would receive short-term loans from LMK Capital, LLC (“LMK”) for its working capital needs. At June 30, 2017, the Company had outstanding balance $34,107 borrowed from LMK Capital., LLC, a company affiliated with CEO Chan.

As of June 30, 2016, the Company had loans payable to related parties of $318,960 as described below:

On June 30, 2016, the company had outstanding balance of $54,511 borrowed from shareholders.

At June 30, 2016, the Company had outstanding balance of $264,449 borrowed from LMK Capital., LLC, a company affiliated with CEO Chan.