Accrued Officer and Director Compensation

9 Months Ended

Mar. 31, 2020

Accrued Officer And Director Compensation

Accrued Officer and Director Compensation

NOTE E – ACCRUED OFFICER AND DIRECTOR COMPENSATION

Accrued officer and director compensation is due to Wayne Anderson, the sole officer and director of the Company, and consists of:

	03/31/2020		06/30/2019		06/30/2018
	(Unaudited)
Pursuant to January 26, 2018 Board of Directors Service Agreement	$	99,803	$	39,803	$	-
Total	$	99,803	$	39,803	$	-

For the nine months ended March 31, 2020 and years ended June 30, 2019 and 2018, the balance of accrued officer and director compensation changed as follows:

	Pursuant to Employment Agreements		Pursuant to Board of Directors Services Agreements			Total
Balance, June 30, 2017	$	-	$	-		$	-
Officer’s/director’s compensation for the year ended June 30, 2018 (including stock-based compensation of $20,000)		-		40,000			40,000
Cash compensation to director		-		(6,700	)		(6,700	)
Balance, June 30, 2018		-		33,300			33,300
Officer’s/director’s compensation for year ended June 30, 2019 (including stock-based compensation of $40,000)		-		80,000			80,000
Balance June 30, 2019		-		113,300			113,300
Officer’s/director’s compensation for the three months ended September 30, 2019 (including stock-based compensation of $10,000)		-		20,000			20,000
Balances at September 30, 2019 (Unaudited)		-		133,300			133,300
Officer’s/director’s compensation for the three months ended December 31, 2019 (including stock-based compensation of $10,000)		-		20,000			20,000
Balances at December 31, 2019 (Unaudited)		-		153,300			153,300
Officer’s/director’s compensation for the three months ended March 31, 2020 (including stock-based compensation of $10,000)		-		20,000			20,000
Balances at March 31, 2020 (Unaudited)	$	-	$	173,300		$	173,300