| Schedule of Capital Structure |
In accordance with ASC 505, Equity, the Companys capital structure is as follows:
| | | | | | | |
| | | September 30, 2018
| |
| | | Authorized
| | Issued
| | Outstanding
| |
| | | | | | | | |
Common stock
| | 4,000,000,000
| | 9,656,723
| | 9,656,723
| $.0001 par value, one vote per share
|
| | | | | | | | |
Preferred stock
| | 200,000,000
| | -
| | -
| |
| | | | | | | | |
Preferred stock - Class A
| | 750,000
| | -
| | -
| $.0001 par value; no voting rights
|
| | | | | | | | |
Preferred stock - Class B
| | 1,000,000
| | -
| | -
| Voting rights of 10 votes for 1 Preferred B share; 2% preferred dividend payable annually
|
| | | | | | | |
| | | | | | | | |
Preferred stock - Class C
| | 9,000,000
| | -
| | -
| $.0001 par value; 500 votes per share, convertible to common
|
| | | | | | | |
| | | | | | | | |
| | | June 30, 2018
| |
| | | Authorized
| | Issued
| | Outstanding
| |
| | | | | | | | |
Common stock
| | 4,000,000,000
| | 9,655,813
| | 9,655,813
| $.0001 par value, one vote per share
|
| | | | | | | | |
Preferred stock
| | 200,000,000
| | -
| | -
| |
| | | | | | | | |
Preferred stock - Class A
| | 750,000
| | -
| | -
| $.0001 par value; no voting rights
|
| | | | | | | | |
Preferred stock - Class B
| | 1,000,000
| | -
| | -
| Voting rights of 10 votes for 1 Preferred B share; 2% preferred dividend payable annually
|
| | | | | | | |
| | | | | | | | |
Preferred stock - Class C
| | 9,000,000
| | -
| | -
| $.0001 par value; 500 votes per share, convertible to common
|
| | | | | | | |
| | | | | | | | |
|
| Schedule of Useful lives of Property and Equipment |
Property and equipment at September 30, 2018 and June 30, 2018, and the estimated useful lives used in computing depreciation, are as follows:
| |
Building
| 40 years
|
Building improvements
| 8 years
|
Vehicles
| 5 years
|
Equipment |
5 8 years |
Furniture and fixtures
| 5 years
|
|