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Subsequent Events
9 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 11 – SUBSEQUENT EVENTS

 

The Company follows the guidance in FASB ASC 855-10 for the disclosure of subsequent events. The Company evaluated subsequent events through the date the financial statements were issued and determined the Company has the following material subsequent event:

  

In 2018, the Company's Board of Directors and majority stockholders approved the 2018 Equity Incentive Plan (the "2018 Plan"), the 2018 Plan authorized the reserve of 4,000,000 shares of the Company's common stock as stock reward to attract and retain personnel, provide additional incentives to employees, directors and consultants and promote the success of the Company's business. No awards have been granted under the 2018 Plan as of the date of this Report. In April 2020, the Board approved and authorized the preparation of Form S-8 to register the 4,000,000 shares of the Company's common stock subject to the 2018 Plan.