v3.3.1.900
4. DISCONTINUED OPERATIONS (Tables)
6 Months Ended
Dec. 31, 2015
Discontinued Operations Tables  
Schedule of discontinued operations
Results of Discontinued Operations for the              
               
  Six Months Ended December 31, 2015   Six Months Ended December 31, 2014
  IM Business Infinity Total   IM Business Infinity Total
Revenues  $                 25,404  $                    -     $             25,404    $               223,963  $                    -     $           223,963
Operating expenses                       3,219                   2,509                   5,728                     264,851                   2,851               267,702
Income (Loss) from operations                     22,185                 (2,509)                 19,676                      (40,888)                 (2,851)               (43,739)
Unrealized gain (loss) on marketable securities                             -                  (33,646)               (33,646)                               -                  (10,250)               (10,250)
Loss on Divestiture                  (212,563)                        -                (212,563)                               -                           -                           -   
               
Net Income (Loss)  $              (190,378)  $           (36,155)  $         (226,533)    $                (40,888)  $           (13,101)  $           (53,989)
               
               
  Three Months Ended December 31, 2015   Three Months Ended December 31, 2014
  IM Business Infinity Total   IM Business Infinity Total
Revenues  $                   9,426  $                    -     $               9,426    $               127,140  $                    -     $           127,140
Operating expenses                          694                   1,252                   1,946                     132,415                   1,373               133,788
Income (Loss) from operations                       8,732                 (1,252)                   7,480                        (5,275)                 (1,373)                 (6,648)
Unrealized gain on marketable securities                             -                  (13,667)               (13,667)                               -                    18,578                 18,578
               
Net Income (Loss)  $                   8,732  $           (14,919)  $             (6,187)    $                  (5,275)  $             17,205  $             11,930
               
               
Assets and Liabilities of Discontinued Operations as of              
               
  December 31, 2015   June 30, 2015
  IM Business Infinity Total   IM Business Infinity Total
               
Assets              
               
Cash  $                         -     $                    -     $                    -       $                         -     $                    -     $                    -   
Prepaid expenses                             -                           -                           -                                  -                           -                           -   
Marketable securities                             -                    47,125                 47,125                               -                    80,771                 80,771
               
Total Current Assets                             -                    47,125                 47,125                               -                    80,771                 80,771
               
Intangible Assets                             -                           -                           -                          35,680                        -                    35,680
Goodwill                             -                           -                           -                        255,495                        -                  255,495
               
Total Assets of Discontinued Operations  $                         -     $             47,125  $             47,125    $               291,175  $             80,771  $           371,946
               
Liabilities              
               
Accounts payable  $                         -     $             19,375  $             19,375    $                         -     $             19,375  $             19,375
Accrued expenses                             -                    70,241                 70,241                               -                    67,732                 67,732
Notes payable                             -                    49,550                 49,550                               -                    51,550                 51,550
Due to related parties                             -                    21,000                 21,000                               -                    21,000                 21,000
               
Total Liabilities of Discontinued Operations  $                         -     $           160,166  $           160,166    $                         -     $           159,657  $           159,657