Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Current assets :    
Cash $ 5,481 $ 16,059
Accounts receivable (net of allowance of $22,681 and $12,923, respectively) 1,358 34,528
Inventories 121,706 46,936
Other current assets 1,400 5,086
Total current assets 129,945 102,609
Total assets 129,945 102,609
Current liabilities:    
Accounts payable 165,441 97,221
Accrued expense-related party 108,000 36,000
Short-term borrowings 4,290 4,007
Advance- related party 1,000 5,000
Advance from Shareholders 23,000
Total current liabilities 301,731 142,228
Long term borrowings 2,222 6,169
Commitments and contingencies
Stockholders' deficit:    
Common stock, ($0.001 par value, 100,000,000 shares authorized, and 28,501,932 issued and outstanding as of June 30, 2016 and 26,588,588 outstanding as of June 30, 2015, respectively) 28,502 26,589
Additional paid in capital 2,263,294 1,666,832
Accumulated deficit (2,465,804) (1,739,208)
Total stockholders' deficit (174,008) (45,788)
Total Liabilities and Stockholders' Deficit $ 129,945 $ 102,609