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NOTE 5 - FIXED ASSETS, NET

3 Months Ended

Sep. 30, 2018

Notes

NOTE 5 - FIXED ASSETS, NET

NOTE 5 – FIXED ASSETS, NET

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

		September 30,		June 30,
		2018		2018
Telecommunication equipment	$	245,686	$	245,260
Telecommunication software		400,903		400,903
Total fixed assets		646,589		646,163
Accumulated depreciation and amortization		(362,856)		(344,407)
Total Fixed assets	$	283,733	$	301,756

Depreciation expense for the three months ended September 30, 2018 and 2017 amounted to $18,449 and $23,861, 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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