Accrued Officer and Director Compensation

6 Months Ended

Dec. 31, 2020

Accrued Officer And Director Compensation

Accrued Officer and Director Compensation

NOTE F – 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:

	12/31/2020		06/30/2020
Pursuant to January 26, 2018 Board of Directors Service Agreement	$	99,803	$	79,803
Total	$	99,803	$	79,803

For the six months ended December 31, 2020 and year ended June 30, 2020, the balance of accrued officer and director compensation changed as follows:

	Pursuant to Employment Agreements		Pursuant to Board of Directors Services Agreements		Total
Balances at June 30, 2019		-		39,803		39,803
Officer’s/director’s compensation for the year ended June 30, 2020 (not including stock-based compensation of $40,000 accrued as Stock to be Issued)		-		40,000		40,000
Balances at June 30, 2020		-		79,803		79,803
Officer’s/director’s compensation for the six months ended December 31, 2020 (not including stock-based compensation of $20,000 accrued as Stock to be Issued)		-		20,000		20,000
Balances at December 31, 2020	$	-	$	99,803	$	99,803

(i) As of December 31, 2020 and June 30, 2020, total shares of common stock accrued as “Stock to be Issued” to Mr. Anderson as per the terms of the Board of Director’s Services Agreement is 120,000 and 100,000, respectively.