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Related Party Transactions
9 Months Ended
Mar. 31, 2014
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 3 RELATED PARTY TRANSACTIONS

 

The Company had expenses and payables paid in its behalf by a shareholder in the amount of $2,150 during the quarter. The a balance due the shareholder is $100,072 as of March 31, 2014. The aggregate amount of related party loans is non-interest bearing, unsecured and payable on demand. However, the Company imputes interest on the loan at 10% per annum. Imputed interest expense on related party loans for the three-month periods ended March 31, 2014 and 2013 totaled $3,052 and $2,506, respectively. During the nine-month periods ended March 31, 2014 and 2013, the imputed interest expense on related party loans totaled $8,839 and $7,222, respectively.