SUBSEQUENT EVENTS	6 Months Ended
Dec. 31, 2013
Notes to Financial Statements
SUBSEQUENT EVENTS	NOTE 13. SUBSEQUENT EVENTS During January of 2014, the Company issued 59,672,728 shares of common stock in partial satisfaction of principal balance outstanding under the convertible note payable, originated on October 2, 2012, in the amount of $19,692. During January and February of 2014, the Company issued 40,000,000 shares of common stock in partial satisfaction of principal balance outstanding under the convertible note payable, originated on January 1, 2011, in the amount of $8,000. During January and February of 2014, the Company issued 110,000,000 shares of common stock in partial satisfaction of principal balance outstanding under the convertible note payable, originated on December 5, 2012, in the amount of $22,000. On January 21, 2014, Renee Gilmore, our President, CEO and Director, acquired 35,000,000 shares of Class B convertible preferred stock in exchange for $3,500 owed to her, based on the market price of equivalent number of shares of common stock of the Company. Effective January 22, 2014, the Company sold its third franchise. Of the total $35,000 franchise fee, $34,000 was financed under a note, with a term of 36 months, and annual interest rate of 7%. On February 5, 2014, Asher Enterprises, Inc., holder of convertible notes payable, originated on October 2, 2012, and February 25, 2013, originated legal action against the Company, its Officers and Directors alleging promissory note defaults, fraud in the inducement and breach of contract. The plaintiff is requesting damages to be determined by the court, but no less than $108,760. At the time of issuance of these financial statements the Company is still considering its response to the summons. On February 14, 2014, the Company sold the remaining balance of a note receivable with a principal balance of $14,638, originated on July 1, 2012, for $10,000.

SUBSEQUENT EVENTS

6 Months Ended

Dec. 31, 2013

NOTE 13. SUBSEQUENT EVENTS

During January of 2014, the Company issued 59,672,728 shares of common stock in partial satisfaction of principal balance outstanding under the convertible note payable, originated on October 2, 2012, in the amount of $19,692.

During January and February of 2014, the Company issued 40,000,000 shares of common stock in partial satisfaction of principal balance outstanding under the convertible note payable, originated on January 1, 2011, in the amount of $8,000.

During January and February of 2014, the Company issued 110,000,000 shares of common stock in partial satisfaction of principal balance outstanding under the convertible note payable, originated on December 5, 2012, in the amount of $22,000.

On January 21, 2014, Renee Gilmore, our President, CEO and Director, acquired 35,000,000 shares of Class B convertible preferred stock in exchange for $3,500 owed to her, based on the market price of equivalent number of shares of common stock of the Company.

Effective January 22, 2014, the Company sold its third franchise. Of the total $35,000 franchise fee, $34,000 was financed under a note, with a term of 36 months, and annual interest rate of 7%.

On February 5, 2014, Asher Enterprises, Inc., holder of convertible notes payable, originated on October 2, 2012, and February 25, 2013, originated legal action against the Company, its Officers and Directors alleging promissory note defaults, fraud in the inducement and breach of contract. The plaintiff is requesting damages to be determined by the court, but no less than $108,760. At the time of issuance of these financial statements the Company is still considering its response to the summons.

On February 14, 2014, the Company sold the remaining balance of a note receivable with a principal balance of $14,638, originated on July 1, 2012, for $10,000.

Firemans Contractors, Inc. 10-Q