v3.10.0.1

Balance Sheets - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Current assets:
Cash and cash equivalents
Other current assets
Total current assets
Equipment and unproven mineral properties
Total assets	0	0
Current liabilities:
Convertible notes payable, net of discount of $1,944 and $22,472 at December 31, and June 30, 2016, respectively	434,771	412,243
Accounts payable	78,531	72,832
Accounts payable and other current liabilities - related party	223,027	88,027
Other current liabilities	127,023	80,359
Derivative liabilities	871,010	872,465
Total current liabilities	1,734,362	1,525,926
Commitments and contingencies
Stockholders deficit:
Preferred stock, $1.00 par value; 250,000,000 authorized, 1,000 shares issued and outstanding	1,000	1,000
Common stock, $0.0001 par value; 4,500,000,000 shares authorized; 1,532,785 and 1,460,563 shares issued and outstanding at December 31, and June 30, 2016, respectively	153	146
Capital in excess of par value	1,933,589	1,427,480
Accumulated deficit	(3,669,104)	(2,954,552)
Total stockholders deficit	(1,734,362)	(1,525,926)
Total liabilities and stockholders deficit	$ 0	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

GOLDEN GLOBAL CORP. 10-Q