RELATED-PARTY TRANSACTIONS	9 Months Ended
Mar. 31, 2017
RELATED-PARTY TRANSACTIONS
RELATED-PARTY TRANSACTIONS	NOTE 4. RELATED-PARTY TRANSACTIONS Loans from Officer's Family During the nine months ended March 31, 2017, the Company obtained two separate loans from the family of one of its officers, as follows: July 2016 – $170,000. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $170,000, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in July 2018. The proceeds from this loan were used by the Company for operating expenses. August 2016 – $100,000. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $100,000, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in August 2018. The proceeds from this loan were used by the Company for operating expenses. Loans from Related Party During the nine months ended March 31, 2017, the Company obtained two separate loans from a related party, as follows: September 2016 – $270,000. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $270,000, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in September 2018. The proceeds from this loan were applied by the Company to operating expenses. January 2017 – $100,000. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $100,000, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in January 2019. The proceeds from this loan were applied by the Company to operating expenses. January 2017 - $449,965. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $449,965, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in January 2019. The proceeds from this loan were applied by the Company to operating expenses. As of March 31, 2017, and June 30, 2016, the total outstanding short-term related party debt was $2,100,000. As of March 31, 2017, and June 30, 2016, the total outstanding long-term related party debt was $2,019,940 and $929,975, respectively.

RELATED-PARTY TRANSACTIONS

9 Months Ended

Mar. 31, 2017

NOTE 4. RELATED-PARTY TRANSACTIONS

Loans from Officer's Family

During the nine months ended March 31, 2017, the Company obtained two separate loans from the family of one of its officers, as follows:

July 2016 – $170,000. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $170,000, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in July 2018. The proceeds from this loan were used by the Company for operating expenses.

August 2016 – $100,000. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $100,000, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in August 2018. The proceeds from this loan were used by the Company for operating expenses.

Loans from Related Party

During the nine months ended March 31, 2017, the Company obtained two separate loans from a related party, as follows:

September 2016 – $270,000. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $270,000, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in September 2018. The proceeds from this loan were applied by the Company to operating expenses.

January 2017 – $100,000. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $100,000, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in January 2019. The proceeds from this loan were applied by the Company to operating expenses.

January 2017 - $449,965. The Company obtained this loan pursuant to a loan agreement and delivered a promissory note, face amount $449,965, in consideration of such loan. Unpaid principal on such loan bears interest at 5% per annum, with principal and accrued interest due in January 2019. The proceeds from this loan were applied by the Company to operating expenses.

As of March 31, 2017, and June 30, 2016, the total outstanding short-term related party debt was $2,100,000.

As of March 31, 2017, and June 30, 2016, the total outstanding long-term related party debt was $2,019,940 and $929,975, respectively.

HEAVENSTONE CORP 10-Q/A