Shares to be issued - liability

3 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Shares to be issued - liability

16. Shares to be issued – liability

During the year ended June 30, 2018, the Company had entered into multiple private placement agreements and had increased potential shares to be issued under liability in total amount of $1,798,000.

During the three months ended September 30, 2018, the Company issued 3,700,000 shares of the Company’s common stock for cash in total amount of $185,000. Share to be issued is reduced by $185,000 due to such issuance.

During the three months ended September 30, 2018, the Company had entered into a multiple private placement agreement and had increased potential shares under liability by 1,000,000 shares, for total amount of $50,000.

As of September 30, 2018 and June 30, 2018, the Company had balance of $2,556,000 and $2,691,000 share to be issued.