Note 9 - Subsequent Events |
6 Months Ended |
|---|---|
Dec. 31, 2017 | |
| Notes to Financial Statements | |
| Subsequent Events [Text Block] |
NOTE
9 - SUBSEQUENT EVENTS
During the period from January 1, 2018 through February 13, 2018 we borrowed an aggregate of $555,000 from Esenjay under our Unrestricted Line of Credit. As of February 13, 2018, the amount outstanding under the Unrestricted Line of Credit was $8,955,000, with an aggregate of $1,045,000 available under the Unrestricted Line of Credit for future draws at Esenjay’s discretion. As of February 13, 2018, Esenjay owns approximately 64% of our issued and outstanding common stock (See Note 4 ).On
January
16, 2018, we issued 23,333 shares of common stock valued at $0.475 per share or $11,083, to Catalyst as payment for service rendered during the three months ended December 31, 2017. These shares have not been registered under the Securities Act. Such shares were issued upon exemptions from registration pursuant to Section 4 (a)(2 ) of the Securities Act. |