Common shares Shares issued for services

3 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Common shares Shares issued for services

12. Common shares to be issued for services

In September 2017, the Company issued 4,736,842 shares of commons stock for services. The fair value of the shares was valued at $0.04, the closing price of the grant date. The shares have been issued at December 2018.

In September 2018, the Company entered into a settlement agreement with one of its vendors. The Company issued 1,500,000 shares of the Company’s common stock to settle account payable balance of $12,775. The fair value of the shares was valued at $0.1163 per share, the closing price of the grant date. The Company recognized loss on debt settlement of $161,675 as of September 30, 2018. The shares have been issued at December 2018.