v3.4.0.3

NOTE 4 - CAPITAL LEASE (Tables)

9 Months Ended

Mar. 31, 2016

Disclosure Text Block Supplement [Abstract]

Schedule of Capital Leased Assets [Table Text Block]

The following is a schedule by years of future minimum lease payments under capital leases together with present value of the net minimum lease payments as of March 31, 2016:

2016		$	2,188
2017			8,697
2018			8,697
2019			725
2020			-
Total minimum lease payments			20,307
Less:  executory costs			-
Net minimum lease payments			20,307
Less:  amount representing interest			4,292
Present value of net minimum payments		$	16,015

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- References

No definition available.

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- Definition

Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737

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