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ACCRUED OFFICER AND DIRECTOR COMPENSATION (Tables)
3 Months Ended
Sep. 30, 2022
Accrued Officer And Director Compensation  
SCHEDULE OF 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:

 

    September 30,
2022
    June 30,
2022
 
           
Pursuant to January 26, 2018 Board of Directors Service Agreement  $-   $- 
Total  $-   $- 
SCHEDULE OF CHANGES IN ACCRUED OFFICER AND DIRECTOR COMPENSATION

For the three months ended September 30, 2022 and year ended June 30, 2022, 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, 2022    -    -    - 
Officer’s/director’s compensation for the three months ended September 30, 2022 (i)   -    20,000    20,000 
Cash compensation        (20,000)   (20,000)
Balances at September 30, 2022  $-   $-   $- 

 

  (i) On July 1, 2021, the Company executed a new Board of Directors Service Agreement with Jimmy Wayne Anderson. Under the terms of the Agreement, Mr. Anderson shall receive a one-time bonus payment of Fifty Thousand and no/100 dollars ($50,000.00) upon execution of the Agreement, and Twenty Thousand and no/100 dollars ($20,000.00) paid to Mr. Anderson on the last calendar day of each quarter as long as Mr. Anderson continues to fulfill his duties and provide the services set forth above. The compensation of $20,000 per quarter shall commence with the third calendar quarter of 2021 (first fiscal quarter of 2022).