XML 18 R8.htm IDEA: XBRL DOCUMENT

Related Party Transactions	6 Months Ended
Dec. 31, 2015
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 $6,768 for the six months ended December 31, 2015. The balance due the shareholder is $127,197 as of December 31, 2015. 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 December 31, 2015 and 2014 totaled $4,440 and $3,676, respectively. Imputed interest expense on related party loans for the six-month periods ended December 31, 2015 and 2014 totaled $8,621 and $7,010, respectively.

Related Party Transactions

6 Months Ended

Dec. 31, 2015

NOTE 3 RELATED PARTY TRANSACTIONS

The Company had expenses and payables paid in its behalf by a shareholder in the amount of $6,768 for the six months ended December 31, 2015. The balance due the shareholder is $127,197 as of December 31, 2015. 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 December 31, 2015 and 2014 totaled $4,440 and $3,676, respectively. Imputed interest expense on related party loans for the six-month periods ended December 31, 2015 and 2014 totaled $8,621 and $7,010, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details