SUBSEQUENT EVENTS |
6 Months Ended | |
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Dec. 31, 2015 | ||
| Subsequent Events [Abstract] | ||
| SUBSEQUENT EVENTS |
NOTE 12 - SUBSEQUENT EVENTS Management has evaluated events subsequent to December 31, 2015, through the date of this filing with the SEC for transactions and other events that may require adjustment of and/or disclosure in such financial statements.
In January 2016, we borrowed an aggregate of $275,000 from Esenjay under our Unrestricted Line of Credit. Based on these borrowings, the remaining available balance under our Unrestricted Line of Credit is $650,000 (See Note 4).
On February 11, 2016, pursuant to the contract with CGL, we issued the fifth tranche of 75,000 shares of restricted common stock valued at $3,000 or $0.04 per share.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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