RELATED PARTY TRANSACTIONS |
9 Months Ended |
|---|---|
Mar. 31, 2025 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS | NOTE 6. RELATED PARTY TRANSACTIONS
During the three months ended September 30, 2024, the six months ended December 31, 2024, and the nine months ended March 31, 2025, the Company received advances from related parties in the amount of $22,900, $39,025, and $55,885 respectively.
On January 1, 2025, an amount of $43,100 owed to a related party was converted into a loan with a maturity period of one year from the date of the loan agreement. The loan accrues interest at a rate of 5% per annum, payable upon maturity.
As of March 31, 2025, December 31, 2024, September 30, 2024, and June 30, 2024, the total balance due to related parties amounted to $19,867, $46,107, $29,984, $7,082, respectively were owed to one individual who is an officer and director of the Company. These amounts are non-interest bearing and do not have maturity. The proceeds of the advance were used for operations. |