Financials

v3.6.0.2
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Current assets :    
Cash $ 5,396 $ 5,481
Accounts receivable (net of allowance of $0 and $22,363, respectively) 11,035 1,358
Inventory 110,095 121,706
Other current assets 1,400
Total current assets 126,525 129,945
Total assets 126,525 129,945
Current liabilities:    
Accounts payable 198,512 165,441
Accrued expense-related party 144,000 108,000
Short-term borrowings 5,048 4,290
Advance from shareholders 44,984 23,000
Advance- related party 28 1,000
Total current liabilities 392,572 301,731
Long term borrowings 2,222
Commitments and contingencies
Stockholders' deficit:    
Common stock, ($0.001 par value, 100,000,000 shares authorized, and 28,884,432 issued and outstanding as of December 31, 2016 and 28,501,932 outstanding as of June 30, 2016, respectively) 28,884 28,502
Additional paid in capital 2,329,411 2,263,294
Accumulated deficit (2,624,342) (2,465,804)
Total stockholders' deficit (266,047) (174,008)
Total Liabilities and Stockholders' Deficit $ 126,525 $ 129,945

Source

v3.6.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]        
Revenues $ 8,043 $ (338) $ 10,507 $ 21,155
Operating expenses        
Cost of product sold 3,145 27,126 15,246 55,084
Advertising and promotional 438 24,417 1,058 77,279
Selling, general and administrative 5,755 17,959 18,031 38,500
Professional Fees 83,040 78,603 129,372 134,868
Total operating expenses 92,378 148,105 163,707 305,731
Loss from operations (84,335) (148,443) (153,200) (284,576)
Interest expense - bank debt 37 304 338 617
Interest expense - shareholder 5,000
Total interest expense 37 304 5,338 617
Provision for income tax
Net loss $ (84,372) $ (148,747) $ (158,538) $ (285,193)
Basic and diluted net loss per common share $ 0.00 $ 0.00 $ (0.01) $ (0.01)
Weighted average shares of capital outstanding - basic and diluted 28,585,220 27,253,599 28,552,706 26,958,789

Source

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (158,538) $ (285,193)
Adjustments to reconcile net loss to net cash used in operations activities:    
Stock issued for services 51,500 28,563
Stock issued as part of loan agreement 5,000
(Increase) decrease in accounts receivable (9,677) 13,818
Decrease in inventory 11,611 31,178
Increase in other current assets 1,400 (48,144)
Increase in accounts payable 33,071 3,094
Increase in accrued expenses 36,000 36,000
Net cash used in operating activities (29,633) (220,684)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the sale of stock 10,000 231,000
Advance from shareholders 21,984 (5,000)
Advance from related party 28
Repayment of short-term debt (1,464) (1,557)
Repayment of related party advance (1,000)
Net cash provided by financing activities 29,548 224,443
NET (INCREASE) IN CASH AND CASH EQUIVALENTS (86) 3,759
Cash and cash equivalents, beginning of period 5,481 16,059
Cash and cash equivalents, end of period 5,396 19,818
Cash Paid For:    
Interest 301 617
Income taxes

Source