XML 18 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
Related Party Transactions
6 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 3 RELATED PARTY TRANSACTIONS

 

The Company had expenses and payables paid in its behalf by shareholders in the amount of $8,705 for the six months ended December 31, 2016. The balance due to shareholders is $139,797 and $131,092 as of December 31, 2016 and June 30, 2016, respectively. 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 six-month periods ended December 31, 2016 and 2015 totaled $10,195 and $8,621, respectively.