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NOTE 5 - FIXED ASSETS, NET

12 Months Ended

Jun. 30, 2018

Notes

NOTE 5 - FIXED ASSETS, NET

NOTE 5 – FIXED ASSETS, NET

Fixed assets, net at June 30, 2018 and 2017 consist of the following:

		June 30,		June 30,
		2018		2017
Telecommunication equipment	$	245,260	$	245,260
Telecommunication software		400,903		400,903
Total fixed assets		646,163		646,163
Accumulated depreciation and amortization		(344,407)		(326,553)
Total Fixed assets	$	301,756	$	319,610

Depreciation expense for the year ended June 30, 2018 and 2017 amounted to $17,854 and $62,850, respectively.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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