SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

First America Resources Corp – ‘10-Q’ for 12/31/19 – ‘EX-101.INS’

On:  Friday, 2/14/20, at 6:03am ET   ·   For:  12/31/19   ·   Accession #:  1477932-20-621   ·   File #:  333-175482

Previous ‘10-Q’:  ‘10-Q’ on 11/12/19 for 9/30/19   ·   Next:  ‘10-Q’ on 5/13/20 for 3/31/20   ·   Latest:  ‘10-Q/A’ on 4/12/24 for 9/30/23

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/14/20  First America Resources Corp      10-Q       12/31/19   36:1.1M                                   Discount Edgar/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    344K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     18K 
 3: EX-32.1     Certification -- §906 - SOA'02                      HTML     13K 
24: R1          Document and Entity Information                     HTML     55K 
15: R2          Balance Sheet (Unaudited)                           HTML     52K 
20: R3          Balance Sheet (Unaudited) (Parenthetical)           HTML     22K 
31: R4          Statement of Operations (Unaudited)                 HTML     54K 
23: R5          Statement of Changes in Stockholders' Deficit       HTML     27K 
14: R6          Statement of Cash Flows (Unaudited)                 HTML     48K 
19: R7          Business Description                                HTML     19K 
32: R8          Significant Accounting Policies                     HTML     33K 
22: R9          Related Party Transactions                          HTML     22K 
33: R10         Shareholders' Equity                                HTML     16K 
26: R11         Going Concern                                       HTML     18K 
12: R12         Income Taxes                                        HTML     25K 
17: R13         Significant Accounting Policies (Policies)          HTML     62K 
35: R14         Related Party Transactions (Tables)                 HTML     17K 
27: R15         Income Taxes (Tables)                               HTML     27K 
13: R16         Business Description (Details Narrative)            HTML     15K 
18: R17         Significant Accounting Policies (Details            HTML     19K 
                Narrative)                                                       
36: R18         Related Party Transactions (Details)                HTML     22K 
25: R19         Related Party Transactions (Details Narrative)      HTML     31K 
10: R20         Shareholders' Equity (Details Narrative)            HTML     22K 
21: R21         Going Concern (Details Narrative)                   HTML     17K 
29: R22         Income Taxes (Details)                              HTML     23K 
28: R23         Income Taxes (Details 1)                            HTML     20K 
11: R24         Income Taxes (Details Narrative)                    HTML     16K 
30: XML         IDEA XML File -- Filing Summary                      XML     57K 
34: EXCEL       IDEA Workbook of Financial Reports                  XLSX     28K 
 4: EX-101.INS  XBRL Instance -- fstj-20191231                       XML    252K 
 7: EX-101.CAL  XBRL Calculations -- fstj-20191231_cal               XML     32K 
 9: EX-101.DEF  XBRL Definitions -- fstj-20191231_def                XML     66K 
 6: EX-101.LAB  XBRL Labels -- fstj-20191231_lab                     XML    242K 
 8: EX-101.PRE  XBRL Presentations -- fstj-20191231_pre              XML    206K 
 5: EX-101.SCH  XBRL Schema -- fstj-20191231                         XSD     50K 
16: ZIP         XBRL Zipped Folder -- 0001477932-20-000621-xbrl      Zip     39K 


‘EX-101.INS’   —   XBRL Instance — fstj-20191231


This Exhibit is an XBRL XML File.


                                                                                                                                                                                
<?xml version="1.0" standalone="yes" encoding="windows-1252"?>
<!-- XBRL Document Created with XBRLMaster -->
<!-- Version: 1.3.08 -->
<!-- Based on XBRL 2.1 -->
<!-- Date of creation: 02/13/2020 -->
<!-- Copyright (c) 2020 NTDAS Inc. All Rights Reserved. -->
<xbrli:xbrl xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2018-01-31" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:us-gaap="http://fasb.org/us-gaap/2019-01-31" xmlns:us-roles="http://fasb.org/us-roles/2019-01-31" xmlns:country="http://xbrl.sec.gov/country/2017-01-31" xmlns:srt="http://fasb.org/srt/2019-01-31" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:srt-types="http://fasb.org/srt-types/2019-01-31" xmlns:fstj="http://fstj.com/20191231">
<link:schemaRef xlink:href="fstj-20191231.xsd" xlink:type="simple"/>
<xbrli:context id="From2019-07-01to2019-12-31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-07-01 </xbrli:startDate>
<xbrli:endDate> 2019-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2020-02-12">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2020-02-12 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-10-01to2019-12-31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-10-01 </xbrli:startDate>
<xbrli:endDate> 2019-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-06-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-06-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-07-01to2019-12-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-07-01 </xbrli:startDate>
<xbrli:endDate> 2019-12-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-12-31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-07-01to2019-12-31_fstj_OfficerAndDirectorJianLiMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis"> fstj:OfficerAndDirectorJianLiMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-07-01 </xbrli:startDate>
<xbrli:endDate> 2019-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-06-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-06-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-07-01to2018-12-31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-07-01 </xbrli:startDate>
<xbrli:endDate> 2018-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-06-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-06-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-12-31_srt_BoardOfDirectorsChairmanMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis"> srt:BoardOfDirectorsChairmanMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-10-01to2018-12-31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-10-01 </xbrli:startDate>
<xbrli:endDate> 2018-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-06-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-06-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-12-31_fstj_OfficerAndDirectorJianLiMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis"> fstj:OfficerAndDirectorJianLiMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2013-03-31_fstj_KemingLiMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis"> fstj:KemingLiMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2013-03-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-06-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-06-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2012-04-01to2013-02-28_fstj_KemingLiMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis"> fstj:KemingLiMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2012-04-01 </xbrli:startDate>
<xbrli:endDate> 2013-02-28 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-07-01to2019-06-30_fstj_OfficerAndDirectorJianLiMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis"> fstj:OfficerAndDirectorJianLiMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-07-01 </xbrli:startDate>
<xbrli:endDate> 2019-06-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2013-04-01to2018-06-30_fstj_OfficerAndDirectorJianLiMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis"> fstj:OfficerAndDirectorJianLiMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2013-04-01 </xbrli:startDate>
<xbrli:endDate> 2018-06-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-07-01to2018-09-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-07-01 </xbrli:startDate>
<xbrli:endDate> 2018-09-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-07-01to2018-09-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-07-01 </xbrli:startDate>
<xbrli:endDate> 2018-09-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-07-01to2018-09-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-07-01 </xbrli:startDate>
<xbrli:endDate> 2018-09-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-07-01to2018-09-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-07-01 </xbrli:startDate>
<xbrli:endDate> 2018-09-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-09-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-09-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-09-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-09-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-09-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-09-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-09-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-09-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-10-01to2018-12-31_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-10-01 </xbrli:startDate>
<xbrli:endDate> 2018-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-10-01to2018-12-31_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-10-01 </xbrli:startDate>
<xbrli:endDate> 2018-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-12-31">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2018-10-01to2018-12-31_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2018-10-01 </xbrli:startDate>
<xbrli:endDate> 2018-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-12-31_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-12-31_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2018-12-31_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2018-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-06-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-06-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-06-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-06-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-06-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-06-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-07-01to2019-09-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-07-01 </xbrli:startDate>
<xbrli:endDate> 2019-09-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-07-01to2019-09-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-07-01 </xbrli:startDate>
<xbrli:endDate> 2019-09-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-07-01to2019-09-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-07-01 </xbrli:startDate>
<xbrli:endDate> 2019-09-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-07-01to2019-09-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-07-01 </xbrli:startDate>
<xbrli:endDate> 2019-09-30 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-09-30_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-09-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-09-30_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-09-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-09-30_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-09-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-09-30">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-09-30 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-10-01to2019-12-31_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-10-01 </xbrli:startDate>
<xbrli:endDate> 2019-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-10-01to2019-12-31_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-10-01 </xbrli:startDate>
<xbrli:endDate> 2019-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="From2019-10-01to2019-12-31_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate> 2019-10-01 </xbrli:startDate>
<xbrli:endDate> 2019-12-31 </xbrli:endDate>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-12-31_us-gaap_CommonStockMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:CommonStockMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-12-31_us-gaap_AdditionalPaidInCapitalMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:AdditionalPaidInCapitalMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:context id="AsOf2019-12-31_us-gaap_RetainedEarningsMember">
<xbrli:entity>
<xbrli:identifier scheme="http://www.sec.gov/CIK"> 0001525306 </xbrli:identifier>
<xbrli:segment>
<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis"> us-gaap:RetainedEarningsMember </xbrldi:explicitMember>
</xbrli:segment>
</xbrli:entity>
<xbrli:period>
<xbrli:instant> 2019-12-31 </xbrli:instant>
</xbrli:period>
</xbrli:context>
<xbrli:unit id="USD">
<xbrli:measure> iso4217:USD </xbrli:measure>
</xbrli:unit>
<xbrli:unit id="Shares">
<xbrli:measure> xbrli:shares </xbrli:measure>
</xbrli:unit>
<xbrli:unit id="USDPShares">
<xbrli:divide>
<xbrli:unitNumerator>
<xbrli:measure> iso4217:USD </xbrli:measure>
</xbrli:unitNumerator>
<xbrli:unitDenominator>
<xbrli:measure> xbrli:shares </xbrli:measure>
</xbrli:unitDenominator>
</xbrli:divide>
</xbrli:unit>
<xbrli:unit id="Pure">
<xbrli:measure> xbrli:pure </xbrli:measure>
</xbrli:unit>
<dei:EntityRegistrantName contextRef="From2019-07-01to2019-12-31"> First America Resources Corporation </dei:EntityRegistrantName>
<dei:EntityCentralIndexKey contextRef="From2019-07-01to2019-12-31"> 0001525306 </dei:EntityCentralIndexKey>
<dei:DocumentType contextRef="From2019-07-01to2019-12-31"> 10-Q </dei:DocumentType>
<dei:AmendmentFlag contextRef="From2019-07-01to2019-12-31"> false </dei:AmendmentFlag>
<dei:CurrentFiscalYearEndDate contextRef="From2019-07-01to2019-12-31"> --06-30 </dei:CurrentFiscalYearEndDate>
<dei:EntitySmallBusiness contextRef="From2019-07-01to2019-12-31"> true </dei:EntitySmallBusiness>
<dei:EntityShellCompany contextRef="From2019-07-01to2019-12-31"> true </dei:EntityShellCompany>
<dei:EntityEmergingGrowthCompany contextRef="From2019-07-01to2019-12-31"> false </dei:EntityEmergingGrowthCompany>
<dei:EntityCurrentReportingStatus contextRef="From2019-07-01to2019-12-31"> Yes </dei:EntityCurrentReportingStatus>
<dei:DocumentPeriodEndDate contextRef="From2019-07-01to2019-12-31"> 2019-12-31 </dei:DocumentPeriodEndDate>
<dei:EntityFilerCategory contextRef="From2019-07-01to2019-12-31"> Non-accelerated Filer </dei:EntityFilerCategory>
<dei:DocumentFiscalPeriodFocus contextRef="From2019-07-01to2019-12-31"> Q2 </dei:DocumentFiscalPeriodFocus>
<dei:DocumentFiscalYearFocus contextRef="From2019-07-01to2019-12-31"> 2020 </dei:DocumentFiscalYearFocus>
<dei:EntityCommonStockSharesOutstanding contextRef="AsOf2020-02-12" unitRef="Shares" decimals="INF"> 7964090 </dei:EntityCommonStockSharesOutstanding>
<dei:EntityFileNumber contextRef="From2019-07-01to2019-12-31"> 333-175482 </dei:EntityFileNumber>
<dei:EntityAddressAddressLine1 contextRef="From2019-07-01to2019-12-31"> 1000 East Armstrong Street </dei:EntityAddressAddressLine1>
<dei:EntityAddressAddressLine2 contextRef="From2019-07-01to2019-12-31"> Morris, IL </dei:EntityAddressAddressLine2>
<dei:EntityAddressPostalZipCode contextRef="From2019-07-01to2019-12-31"> 60450 </dei:EntityAddressPostalZipCode>
<dei:EntityTaxIdentificationNumber contextRef="From2019-07-01to2019-12-31"> 272563052 </dei:EntityTaxIdentificationNumber>
<dei:EntityAddressCityOrTown contextRef="From2019-07-01to2019-12-31"> Nevada </dei:EntityAddressCityOrTown>
<dei:LocalPhoneNumber contextRef="From2019-07-01to2019-12-31"> 9419888 </dei:LocalPhoneNumber>
<dei:CityAreaCode contextRef="From2019-07-01to2019-12-31"> 815 </dei:CityAreaCode>
<dei:EntityAddressStateOrProvince contextRef="From2019-07-01to2019-12-31"> NEVADA </dei:EntityAddressStateOrProvince>
<us-gaap:Revenues contextRef="From2019-10-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2018-06-30_us-gaap_CommonStockMember" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:SharesIssued>
<us-gaap:NetIncomeLoss contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> -11083 </us-gaap:NetIncomeLoss>
<us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">First America Resources Corporation (the “Company”) formerly known as Golden Oasis New Energy Group, Inc., was incorporated under the laws of Nevada on May 10, 2010 with registered address at 1955 Baring Blvd., Sparks, NV 89434. First America Resources Corporation has its mailing address at 1000 E. Armstrong Street, Morris IL 60450.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company was previously engaged in selling the lithium-ion batteries and related power supplies that mainly are used in mobile and consumer electronics products, such as readers, DVD players, digital cameras and digital video recorders, communications products, electric-power bikes and mopeds, miner’s lamps, electric-power tools, electric-power sources for instruments and meters and other similar electrical equipment that can run on batteries.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">On February 6, 2013, pursuant to an Agreement between Mr. Keming Li, former CEO/President and Director of Golden Oasis New Energy Group Inc., a Nevada corporation (the “Issuer”), Ms. Guoling Jin, former Treasury and Director of Golden Oasis New Energy Group Inc., and Ms. Madison Li (the stockholder), of Golden Oasis New Energy Group Inc., and Mr. Jian Li (the “Purchaser”), Mr. Jian Li became the principal stockholder and Chief Executive Officer and Tzongshyan George Sheu the former Vice President, Secretary, and Director of the Company.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Going Concern and Plan of Operation</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not earned any profit from operations to date. These conditions raise substantial doubt about its ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</p></div>
</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>
<us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Basis of accounting</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The financial statements reflect the assets, revenues and expenditures of the Company on the accrual basis of accounting.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company’s fiscal year end is June 30.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The accompanying unaudited condensed interim financial statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited condensed interim financial statements should be read in conjunction with the financial statements of the Company for the year ended June 30, 2019 and notes thereto contained in our 10-K Annual Report.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Use of Estimates</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect certain amounts reported in the financial statements and disclosures. Accordingly, actual results could differ from those estimates.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Cash and Cash Equivalents</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company considers all highly-liquid investments with an original maturity of three months or less when purchased to be cash equivalents. As of December 31, 2019 and June 30, 2019, there was $4,133 and $966 in cash and cash equivalents, respectively.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Stock-Based Compensation</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company accounts for stock issued for services using the fair value method in accordance with FASB ASC Topic 718, “Compensation - Stock Compensation”. The measurement date of shares issued for services is the date at which the counterparty’s performance is complete.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Basic and Diluted Net Loss per Common Share</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company computes per share amounts in accordance with FASB ASC Topic 260, “Earnings per Share”. ASC 260 requires presentation of basic and diluted EPS.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Basic EPS is computed by dividing the income (loss) available to Common Shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock and common stock equivalents outstanding during the periods.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">As of December 31, 2019, the Company only issued one type of shares, i.e., common shares only. There are no other type of securities issued. Accordingly, the diluted and basic net loss per common share is the same.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Revenue Recognition</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">In accordance with the FASB Accounting Standards Codification (ASC) 605-15-25 “Revenue Recognition for Sales of Product”, the Company recognizes revenue when it is realized or realizable and earned. The revenue from the product sales transaction shall be recognized at time of sale if the following conditions are met:</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="WIDTH: 4%"></td><td style="WIDTH: 4%" valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="FONT-FAMILY: Symbol">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The seller’s price to the buyer is substantially fixed or determinable at the date of sale.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="FONT-FAMILY: Symbol">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The buyer has paid the seller, or the buyer is obligated to pay the seller and the obligation is not contingent on resale of the product.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="FONT-FAMILY: Symbol">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The buyer’s obligation to the seller would not be changed in the event of theft or physical destruction or damage of the product.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="FONT-FAMILY: Symbol">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The buyer acquiring the product for resale has economic substance apart from that provided by the seller.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="FONT-FAMILY: Symbol">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The seller does not have significant obligations for future performance to directly bring about resale of the product by the buyer.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="FONT-FAMILY: Symbol">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The amount of future returns can be reasonably estimated.</p></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Revenues are recognized from product sales upon shipment, which is the point in time when risk of loss is transferred to the customer, net of estimated returns and allowances. </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company had zero revenue for the fiscal quarters ended at December 31, 2019 and 2018. </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Cost of Goods Sold</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Cost of Goods Sold included the purchase cost of the product sold, freight and shipping expense, custom fees, and merchant account fees.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">For the fiscal quarters ended December 31, 2019 and 2018, there was no Cost of Goods Sold recorded.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Operating Expenses</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Operating expenses consist of selling, general and administrative expenses, mainly accounting and auditing fees, legal fees, SEC filing fees, and other professional fees.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">For the fiscal quarters ended December 31, 2019 and 2018, the Company incurred $2,533 and $2,525 in operating expenses, respectively. For the six months ended December 31, 2019 and 2018, the Company incurred $11,083 and $11,075 in operating expenses, respectively.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Operating Leases</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">After February 6, 2013, the Company moved to the new address located at 1000 E. Armstrong St., Morris, IL 60450. There was no lease signed between the Company and the property owner, Jian Li, who is also the majority shareholder of the Company.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Income Tax</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Income taxes are provided for tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes. Deferred taxes are recognized for differences between the basis of assets and liabilities for financial statement and income tax purposes. The differences in asset and liability basis relate primarily to organization and start-up costs (use of different methods and periods to calculate deduction). Deferred taxes are also recognized for operating losses and tax credits that are available to offset future income taxes. The deferred tax assets and/or liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. The components of the deferred tax asset and liability are classified as current and noncurrent based on their characteristics. Valuation allowances are provided for deferred tax assets based on management’s projection of the sufficiency of future taxable income to realize the assets. The Company policy is to recognize interest related to unrecognized tax benefits as income tax expense.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Recent Accounting Pronouncements</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">In May 2014, FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (Topic 606), which supersedes the revenue recognition requirements in ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The amendments in the ASU must be applied using one of two retrospective methods and were originally set to be effective for annual and interim periods beginning after December 15, 2016. On July 9, 2015, the FASB modified ASU 2014-09 to be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The Company has adopted this ASU effective July 1, 2018 using the modified retrospective approach and this standard did not have a material impact on the Company’s financial statements.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">In February 2016, the FASB issued ASU No. 2016-02, “Leases” (“ASU 2016-02”). This guidance requires an entity to recognize lease liabilities and a right-of-use asset for all leases on the balance sheet and to disclose key information about the entity’s leasing arrangements. ASU 2016-02 must be adopted using a modified retrospective approach for all leases existing at, or entered into after the date of initial adoption, with an option to elect to use certain transition relief. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, with earlier adoption permitted. The Company adopted this ASU effective July 1, 2019. Adoption of this ASU did not have a material impact on the Company’s financial statements.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></div></div>
</us-gaap:SignificantAccountingPoliciesTextBlock>
<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Common Shares Issued to Executive and Non-Executive Officers and Directors</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">As of December 31, 2019, a total of 6,388,010 shares were issued to officers and directors. Please see the table below for details:</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr bgcolor="#cceeff"><td style="BORDER-BOTTOM: 1px solid" valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px"><b>Name</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Title</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Share QTY</b></p></td><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Date</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>% of</b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Common</b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Share</b></p></td><td valign="bottom"></td></tr><tr bgcolor="#ffffff"><td></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom" colspan="2"></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom" colspan="2"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Jian Li</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="width:20%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">CEO & President</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">6,388,010</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="width:20%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center">2/6/2013 & 11/27/2013</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">80.21</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">%</p></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">*The percentage of common shares was based on the total outstanding shares of 7,964,090 as of December 31, 2019.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><b><u>Loans to Officer/Shareholder</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">From the period of April 1, 2012 to February 28, 2013, the former company officer, Keming Li, loaned $ 25,787 to First America Resources Corporation (formerly known as Golden Oasis New Energy Group Inc.) without interest and without written agreement. The payment term is on demand.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">On February 6, 2013, Mr. Keming Li sold his shares to Mr. Jian Li, and Mr. Jian Li became the loan holder for all the prior loans advanced by the former officer, Mr. Keming Li. As of March 31, 2013, the total loans from shareholder or officer was $25,787.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">For the period of April 1, 2013 to June 30, 2018, the officer and director Jian Li additionally loaned $121,146 to the Company for continually operating of the business.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">For the period of July 1, 2018 to June 30, 2019, the officer and director Jian Li additionally loaned $15,000 to the Company for continually operating of the business.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">For the period of July 1, 2019 to December 31, 2019, the officer and director Jian Li additionally loaned $15,000 to the Company for continually operating of the business.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">As of December 31, 2019, the total loan outstanding from officer and director Jian Li is $176,933.</p></div>
</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> <b><u>Common Stock</u></b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Under the Company’s Articles of Incorporation dated May 10, 2010, the Company is authorized to issue 500,000,000 shares of capital stock with a par value of $0.001.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">On May 10, 2010, the Company was incorporated in the State of Nevada.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">As of December 31, 2019, there was a total of 7,964,090 shares issued and outstanding.</p></div></div>
</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
<us-gaap:SubstantialDoubtAboutGoingConcernTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="padding-bottom:0px;padding-top:0px;Font:10pt Times New Roman;padding-left:0px;margin:0px;padding-right:0px;padding:0px" align="justify">The Company’s activities consist solely of corporate formation, raising capital and attempting to sell products to generate revenues.</p><p style="padding-bottom:0px;padding-top:0px;Font:10pt Times New Roman;padding-left:0px;margin:0px;padding-right:0px;padding:0px" align="justify"> </p><p style="padding-bottom:0px;padding-top:0px;Font:10pt Times New Roman;padding-left:0px;margin:0px;padding-right:0px;padding:0px" align="justify">There is no guarantee that the Company will be able to raise enough capital or generate revenues to sustain its operations and carry out its business plan. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the issue date of these financial statements.</p><p style="padding-bottom:0px;padding-top:0px;Font:10pt Times New Roman;padding-left:0px;margin:0px;padding-right:0px;padding:0px" align="justify"> </p><p style="padding-bottom:0px;padding-top:0px;Font:10pt Times New Roman;padding-left:0px;margin:0px;padding-right:0px;padding:0px" align="justify">The financial statements do not include any adjustments relating to the carrying amounts of recorded assets or the carrying amounts and classification of recorded liabilities that may be required should the Company be unable to continue as a going concern.</p><p style="padding-bottom:0px;padding-top:0px;Font:10pt Times New Roman;padding-left:0px;margin:0px;padding-right:0px;padding:0px" align="justify"> </p><p style="padding-bottom:0px;padding-top:0px;Font:10pt Times New Roman;padding-left:0px;margin:0px;padding-right:0px;padding:0px" align="justify">As of September 30, 2019, the Company had no revenues, a working capital deficiency of $170,367 and an accumulated deficit of $369,191.</p><p style="padding-bottom:0px;padding-top:0px;Font:10pt Times New Roman;padding-left:0px;margin:0px;padding-right:0px;padding:0px" align="justify"> </p><p style="padding-bottom:0px;padding-top:0px;Font:10pt Times New Roman;padding-left:0px;margin:0px;padding-right:0px;padding:0px" align="justify">The Company’s lack of operating history and financial resources raise substantial doubt about its ability to continue as a going concern. Management’s plans are to acquire First America Metal Corporation, a company owned primarily by Mr. Jian Li, or another operating company. The financial statements do not include adjustments that might result from the outcome of this uncertainty and if the Company is unable to generate significant revenue or secure financing, then the Company may be required to cease or curtail its operations.</p></div></div>
</us-gaap:SubstantialDoubtAboutGoingConcernTextBlock>
<us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company has a net operating loss carried forward of $335,191 available to offset taxable income in future years which commence expiring in fiscal 2031.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The income tax benefit has been computed by applying the weighted average income tax rates of the United States (federal and state rates) of 21% to the net loss before income taxes calculated for each jurisdiction. The tax effect of the significant temporary differences, which comprise future tax assets and liabilities, are as follows:</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" colspan="6"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Six Months Ended</b></p></td><td valign="bottom"></td></tr><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" colspan="6"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>December 31,</b></p></td><td valign="bottom"></td></tr><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;" valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>2019</b></p></td><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;" valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>2018</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Income tax recovery at statutory rate</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">2,327</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">2,326</p></td><td valign="bottom" style="width:1%;"></td></tr><tr bgcolor="#ffffff"><td></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Valuation allowance change</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">(2,327</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">)</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">(2,326</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">)</p></td></tr><tr bgcolor="#ffffff"><td></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Provision for income taxes</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">-</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">-</p></td><td valign="bottom" style="width:1%;"></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The significant components of deferred income tax assets and liabilities at December 31 and June 30, 2019, respectively, are as follows:</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Net operating loss carried forward</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">70,921</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">68,594</p></td><td valign="bottom" style="width:1%;"></td></tr><tr bgcolor="#ffffff"><td></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Valuation allowance</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">(70,921</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">)</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">(68,594</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">)</p></td></tr><tr bgcolor="#ffffff"><td></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Net deferred income tax asset</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td colspan="2"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">-</p></td><td valign="bottom" style="width:1%;"></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></div>
</us-gaap:IncomeTaxDisclosureTextBlock>
<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The financial statements reflect the assets, revenues and expenditures of the Company on the accrual basis of accounting.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company’s fiscal year end is June 30.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px">The accompanying unaudited condensed interim financial statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited condensed interim financial statements should be read in conjunction with the financial statements of the Company for the year ended June 30, 2019 and notes thereto contained in our 10-K Annual Report.</p></div>
</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
<us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-BOTTOM: 1px solid" valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px"><b>Name</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Title</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Share QTY</b></p></td><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Date</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>% of</b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Common</b></p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Share</b></p></td><td valign="bottom"></td></tr><tr><td></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom" colspan="2"></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom" colspan="2"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Jian Li</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="width:20%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">CEO & President</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">6,388,010</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="width:20%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center">2/6/2013 & 11/27/2013</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">80.21</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">%</p></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p></div>
</us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock>
<us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" colspan="6"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>Six Months Ended</b></p></td><td valign="bottom"></td></tr><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom" colspan="6"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>December 31,</b></p></td><td valign="bottom"></td></tr><tr><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;" valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>2019</b></p></td><td valign="bottom"></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;" valign="bottom" colspan="2"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="center"><b>2018</b></p></td><td valign="bottom"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Income tax recovery at statutory rate</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">2,327</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">2,326</p></td><td valign="bottom" style="width:1%;"></td></tr><tr bgcolor="#ffffff"><td></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Valuation allowance change</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">(2,327</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">)</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">(2,326</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">)</p></td></tr><tr bgcolor="#ffffff"><td></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Provision for income taxes</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">-</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">-</p></td><td valign="bottom" style="width:1%;"></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p></div>
</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
<fstj:StateOfIncorporation contextRef="From2019-07-01to2019-12-30"> Nevada </fstj:StateOfIncorporation>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 4133 </us-gaap:CashAndCashEquivalentsAtCarryingValue>
<fstj:RelatedPartyTransactionsName contextRef="From2019-07-01to2019-12-31_fstj_OfficerAndDirectorJianLiMember"> Jian Li </fstj:RelatedPartyTransactionsName>
<us-gaap:CommonStockSharesOutstanding contextRef="AsOf2019-12-31" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:CommonStockSharesOutstanding>
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2019-12-31" unitRef="USDPShares" decimals="INF"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>
<fstj:WorkingCapitalDeficit contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> -172900 </fstj:WorkingCapitalDeficit>
<us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> 2327 </us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
<us-gaap:DeferredTaxAssetsOperatingLossCarryforwards contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 70921 </us-gaap:DeferredTaxAssetsOperatingLossCarryforwards>
<us-gaap:OperatingLossCarryforwards contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 335191 </us-gaap:OperatingLossCarryforwards>
<us-gaap:Revenues contextRef="From2019-07-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2018-06-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:NetIncomeLoss contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> -11075 </us-gaap:NetIncomeLoss>
<us-gaap:UseOfEstimates contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect certain amounts reported in the financial statements and disclosures. Accordingly, actual results could differ from those estimates.</p></div>
</us-gaap:UseOfEstimates>
<us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Net operating loss carried forward</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">70,921</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">68,594</p></td><td valign="bottom" style="width:1%;"></td></tr><tr bgcolor="#ffffff"><td></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Valuation allowance</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">(70,921</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">)</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">(68,594</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">)</p></td></tr><tr bgcolor="#ffffff"><td></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:9%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr bgcolor="#cceeff"><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Net deferred income tax asset</p></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td colspan="2"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:1%;"></td><td valign="bottom" style="width:1%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td><td valign="bottom" style="width:1%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="justify">$</p></td><td valign="bottom" style="width:9%;"><p style="margin:0px 0px 0px 0in;Font:10pt Times New Roman;padding:0px" align="right">-</p></td><td valign="bottom" style="width:1%;"></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p></div>
</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
<dei:EntityIncorporationDateOfIncorporation contextRef="From2019-07-01to2019-12-30"> 2010-05-10 </dei:EntityIncorporationDateOfIncorporation>
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 966 </us-gaap:CashAndCashEquivalentsAtCarryingValue>
<fstj:RelatedPartyTransactionsTitle contextRef="From2019-07-01to2019-12-31_fstj_OfficerAndDirectorJianLiMember"> CEO & President </fstj:RelatedPartyTransactionsTitle>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2019-12-31_srt_BoardOfDirectorsChairmanMember" unitRef="Shares" decimals="INF"> 6388010 </us-gaap:CommonStockSharesIssued>
<us-gaap:CommonStockSharesAuthorized contextRef="AsOf2019-12-31" unitRef="Shares" decimals="INF"> 500000000 </us-gaap:CommonStockSharesAuthorized>
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> -371724 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> 2326 </us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
<us-gaap:DeferredTaxAssetsOperatingLossCarryforwards contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 68594 </us-gaap:DeferredTaxAssetsOperatingLossCarryforwards>
<fstj:OperatingLossCarryForwardExpirationDateDescription contextRef="From2019-07-01to2019-12-31"> commence expiring in fiscal 2031. </fstj:OperatingLossCarryForwardExpirationDateDescription>
<us-gaap:CashEquivalentsAtCarryingValue contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 4133 </us-gaap:CashEquivalentsAtCarryingValue>
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2019-06-30" unitRef="USDPShares" decimals="INF"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>
<us-gaap:Revenues contextRef="From2018-10-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2018-06-30_us-gaap_RetainedEarningsMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company considers all highly-liquid investments with an original maturity of three months or less when purchased to be cash equivalents. As of December 31, 2019 and June 30, 2019, there was $4,133 and $966 in cash and cash equivalents, respectively.</p></div>
</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
<us-gaap:OperatingExpenses contextRef="From2019-10-01to2019-12-31" unitRef="USD" decimals="0"> 2533 </us-gaap:OperatingExpenses>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2019-12-31_fstj_OfficerAndDirectorJianLiMember" unitRef="Shares" decimals="INF"> 6388010 </us-gaap:CommonStockSharesIssued>
<us-gaap:DueToOfficersOrStockholdersCurrent contextRef="AsOf2013-03-31_fstj_KemingLiMember" unitRef="USD" decimals="0"> 25787 </us-gaap:DueToOfficersOrStockholdersCurrent>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2019-12-31" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:CommonStockSharesIssued>
<us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> -2327 </us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance>
<us-gaap:DeferredTaxAssetsValuationAllowance contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> -70921 </us-gaap:DeferredTaxAssetsValuationAllowance>
<us-gaap:CashEquivalentsAtCarryingValue contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 966 </us-gaap:CashEquivalentsAtCarryingValue>
<us-gaap:Revenues contextRef="From2018-07-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2018-06-30" unitRef="Shares" xsi:nil="true"/>
<us-gaap:CompensationRelatedCostsPolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company accounts for stock issued for services using the fair value method in accordance with FASB ASC Topic 718, “Compensation - Stock Compensation”. The measurement date of shares issued for services is the date at which the counterparty’s performance is complete.</p></div>
</us-gaap:CompensationRelatedCostsPolicyTextBlock>
<us-gaap:OperatingExpenses contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> 11083 </us-gaap:OperatingExpenses>
<fstj:RelatedPartyTransactionsDateDescription contextRef="From2019-07-01to2019-12-31_fstj_OfficerAndDirectorJianLiMember"> 2/6/2013 & 11/27/2013 </fstj:RelatedPartyTransactionsDateDescription>
<us-gaap:ProceedsFromRelatedPartyDebt contextRef="From2012-04-01to2013-02-28_fstj_KemingLiMember" unitRef="USD" decimals="0"> 25787 </us-gaap:ProceedsFromRelatedPartyDebt>
<us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> -2326 </us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance>
<us-gaap:DeferredTaxAssetsValuationAllowance contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> -68594 </us-gaap:DeferredTaxAssetsValuationAllowance>
<us-gaap:AssetsCurrent contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 4133 </us-gaap:AssetsCurrent>
<us-gaap:CommonStockSharesAuthorized contextRef="AsOf2019-06-30" unitRef="Shares" decimals="INF"> 500000000 </us-gaap:CommonStockSharesAuthorized>
<us-gaap:CostOfGoodsAndServicesSold contextRef="From2019-10-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2018-06-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 7964 </us-gaap:StockholdersEquity>
<us-gaap:IncreaseDecreaseInAccountsPayable contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> -750 </us-gaap:IncreaseDecreaseInAccountsPayable>
<us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The Company computes per share amounts in accordance with FASB ASC Topic 260, “Earnings per Share”. ASC 260 requires presentation of basic and diluted EPS.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Basic EPS is computed by dividing the income (loss) available to Common Shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock and common stock equivalents outstanding during the periods.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">As of December 31, 2019, the Company only issued one type of shares, i.e., common shares only. There are no other type of securities issued. Accordingly, the diluted and basic net loss per common share is the same.</p></div>
</us-gaap:EarningsPerSharePolicyTextBlock>
<us-gaap:OperatingExpenses contextRef="From2018-10-01to2018-12-31" unitRef="USD" decimals="0"> 2525 </us-gaap:OperatingExpenses>
<us-gaap:EquityMethodInvestmentOwnershipPercentage contextRef="AsOf2019-12-31_fstj_OfficerAndDirectorJianLiMember" unitRef="Pure" decimals="INF"> 0.8021 </us-gaap:EquityMethodInvestmentOwnershipPercentage>
<us-gaap:DueToOfficersOrStockholdersCurrent contextRef="AsOf2019-12-31_fstj_OfficerAndDirectorJianLiMember" unitRef="USD" decimals="0"> 176933 </us-gaap:DueToOfficersOrStockholdersCurrent>
<us-gaap:IncomeTaxExpenseBenefit contextRef="From2019-07-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:DeferredTaxAssetsLiabilitiesNet contextRef="AsOf2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:AssetsCurrent contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 966 </us-gaap:AssetsCurrent>
<us-gaap:CostOfGoodsAndServicesSold contextRef="From2019-07-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2018-06-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 190860 </us-gaap:StockholdersEquity>
<us-gaap:IncreaseDecreaseInAccountsPayable contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> -100 </us-gaap:IncreaseDecreaseInAccountsPayable>
<us-gaap:RevenueRecognitionPolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">In accordance with the FASB Accounting Standards Codification (ASC) 605-15-25 “Revenue Recognition for Sales of Product”, the Company recognizes revenue when it is realized or realizable and earned. The revenue from the product sales transaction shall be recognized at time of sale if the following conditions are met:</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="width:4%;"></td><td valign="top" style="width:4%;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="font-family:Symbol;">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The seller’s price to the buyer is substantially fixed or determinable at the date of sale.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="font-family:Symbol;">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The buyer has paid the seller, or the buyer is obligated to pay the seller and the obligation is not contingent on resale of the product.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="font-family:Symbol;">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The buyer’s obligation to the seller would not be changed in the event of theft or physical destruction or damage of the product.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="font-family:Symbol;">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The buyer acquiring the product for resale has economic substance apart from that provided by the seller.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="font-family:Symbol;">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The seller does not have significant obligations for future performance to directly bring about resale of the product by the buyer.</p></td></tr><tr><td></td><td></td><td><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p></td></tr><tr><td></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"><font style="font-family:Symbol;">·</font></p></td><td valign="top"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">The amount of future returns can be reasonably estimated.</p></td></tr></table><p style="margin:0px;Font:10pt Times New Roman;padding:0px"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Revenues are recognized from product sales upon shipment, which is the point in time when risk of loss is transferred to the customer, net of estimated returns and allowances. </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px">The Company had zero revenue for the fiscal quarters ended at December 31, 2019 and 2018.</p></div>
</us-gaap:RevenueRecognitionPolicyTextBlock>
<us-gaap:OperatingExpenses contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> 11075 </us-gaap:OperatingExpenses>
<us-gaap:ProceedsFromRelatedPartyDebt contextRef="From2019-07-01to2019-12-31_fstj_OfficerAndDirectorJianLiMember" unitRef="USD" decimals="0"> 15000 </us-gaap:ProceedsFromRelatedPartyDebt>
<us-gaap:IncomeTaxExpenseBenefit contextRef="From2018-07-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:DeferredTaxAssetsLiabilitiesNet contextRef="AsOf2019-06-30" unitRef="USD" xsi:nil="true"/>
<us-gaap:AssetsNet contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 4133 </us-gaap:AssetsNet>
<us-gaap:CommonStockSharesIssued contextRef="AsOf2019-06-30" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:CommonStockSharesIssued>
<us-gaap:CostOfGoodsAndServicesSold contextRef="From2018-10-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2018-06-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -343563 </us-gaap:StockholdersEquity>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> -11833 </us-gaap:NetCashProvidedByUsedInOperatingActivities>
<us-gaap:CostOfSalesPolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Cost of Goods Sold included the purchase cost of the product sold, freight and shipping expense, custom fees, and merchant account fees.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">For the fiscal quarters ended December 31, 2019 and 2018, there was no Cost of Goods Sold recorded.</p></div>
</us-gaap:CostOfSalesPolicyTextBlock>
<us-gaap:ProceedsFromRelatedPartyDebt contextRef="From2018-07-01to2019-06-30_fstj_OfficerAndDirectorJianLiMember" unitRef="USD" decimals="0"> 15000 </us-gaap:ProceedsFromRelatedPartyDebt>
<us-gaap:AssetsNet contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 966 </us-gaap:AssetsNet>
<us-gaap:CostOfGoodsAndServicesSold contextRef="From2018-07-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2018-06-30" unitRef="USD" decimals="0"> -144739 </us-gaap:StockholdersEquity>
<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> -11175 </us-gaap:NetCashProvidedByUsedInOperatingActivities>
<fstj:OperatingExpensesPolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Operating expenses consist of selling, general and administrative expenses, mainly accounting and auditing fees, legal fees, SEC filing fees, and other professional fees.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px">For the fiscal quarters ended December 31, 2019 and 2018, the Company incurred $2,533 and $2,525 in operating expenses, respectively. For the six months ended December 31, 2019 and 2018, the Company incurred $11,083 and $11,075 in operating expenses, respectively.</p></div>
</fstj:OperatingExpensesPolicyTextBlock>
<us-gaap:ProceedsFromRelatedPartyDebt contextRef="From2013-04-01to2018-06-30_fstj_OfficerAndDirectorJianLiMember" unitRef="USD" decimals="0"> 121146 </us-gaap:ProceedsFromRelatedPartyDebt>
<us-gaap:CommonStockSharesOutstanding contextRef="AsOf2019-06-30" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:CommonStockSharesOutstanding>
<us-gaap:GrossProfit contextRef="From2019-10-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:ProfitLoss contextRef="From2018-07-01to2018-09-30_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:ShortTermLeasesPolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">After February 6, 2013, the Company moved to the new address located at 1000 E. Armstrong St., Morris, IL 60450. There was no lease signed between the Company and the property owner, Jian Li, who is also the majority shareholder of the Company.</p></div>
</us-gaap:ShortTermLeasesPolicyTextBlock>
<us-gaap:GrossProfit contextRef="From2019-07-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:ProfitLoss contextRef="From2018-07-01to2018-09-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="From2019-07-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:IncomeTaxPolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">Income taxes are provided for tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes. Deferred taxes are recognized for differences between the basis of assets and liabilities for financial statement and income tax purposes. The differences in asset and liability basis relate primarily to organization and start-up costs (use of different methods and periods to calculate deduction). Deferred taxes are also recognized for operating losses and tax credits that are available to offset future income taxes. The deferred tax assets and/or liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. The components of the deferred tax asset and liability are classified as current and noncurrent based on their characteristics. Valuation allowances are provided for deferred tax assets based on management’s projection of the sufficiency of future taxable income to realize the assets. The Company policy is to recognize interest related to unrecognized tax benefits as income tax expense.</p></div>
</us-gaap:IncomeTaxPolicyTextBlock>
<us-gaap:AccountsPayableCurrent contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 100 </us-gaap:AccountsPayableCurrent>
<us-gaap:GrossProfit contextRef="From2018-10-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:ProfitLoss contextRef="From2018-07-01to2018-09-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -8550 </us-gaap:ProfitLoss>
<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="From2018-07-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2019-07-01to2019-12-31">
<div style="font: 10pt TIMES NEW ROMAN; text-align: justify;"><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">In May 2014, FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (Topic 606), which supersedes the revenue recognition requirements in ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The amendments in the ASU must be applied using one of two retrospective methods and were originally set to be effective for annual and interim periods beginning after December 15, 2016. On July 9, 2015, the FASB modified ASU 2014-09 to be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The Company has adopted this ASU effective July 1, 2018 using the modified retrospective approach and this standard did not have a material impact on the Company’s financial statements.</p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify"> </p><p style="margin:0px;Font:10pt Times New Roman;padding:0px" align="justify">In February 2016, the FASB issued ASU No. 2016-02, “Leases” (“ASU 2016-02”). This guidance requires an entity to recognize lease liabilities and a right-of-use asset for all leases on the balance sheet and to disclose key information about the entity’s leasing arrangements. ASU 2016-02 must be adopted using a modified retrospective approach for all leases existing at, or entered into after the date of initial adoption, with an option to elect to use certain transition relief. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, with earlier adoption permitted. The Company adopted this ASU effective July 1, 2019. Adoption of this ASU did not have a material impact on the Company’s financial statements.</p></div>
</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
<us-gaap:AccountsPayableCurrent contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 850 </us-gaap:AccountsPayableCurrent>
<us-gaap:GrossProfit contextRef="From2018-07-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:ProfitLoss contextRef="From2018-07-01to2018-09-30" unitRef="USD" decimals="0"> -8550 </us-gaap:ProfitLoss>
<us-gaap:DueFromOfficersOrStockholdersCurrent contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 176933 </us-gaap:DueFromOfficersOrStockholdersCurrent>
<us-gaap:SharesIssued contextRef="AsOf2018-09-30_us-gaap_CommonStockMember" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:SharesIssued>
<us-gaap:ProceedsFromContributedCapital contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> 15000 </us-gaap:ProceedsFromContributedCapital>
<us-gaap:DueFromOfficersOrStockholdersCurrent contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 161933 </us-gaap:DueFromOfficersOrStockholdersCurrent>
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="From2019-10-01to2019-12-31" unitRef="USD" decimals="0"> 2533 </us-gaap:SellingGeneralAndAdministrativeExpense>
<us-gaap:SharesIssued contextRef="AsOf2018-09-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:ProceedsFromContributedCapital contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> 10000 </us-gaap:ProceedsFromContributedCapital>
<us-gaap:LiabilitiesCurrent contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 177033 </us-gaap:LiabilitiesCurrent>
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> 11083 </us-gaap:SellingGeneralAndAdministrativeExpense>
<us-gaap:SharesIssued contextRef="AsOf2018-09-30_us-gaap_RetainedEarningsMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> 15000 </us-gaap:NetCashProvidedByUsedInFinancingActivities>
<us-gaap:LiabilitiesCurrent contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 162783 </us-gaap:LiabilitiesCurrent>
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="From2018-10-01to2018-12-31" unitRef="USD" decimals="0"> 2525 </us-gaap:SellingGeneralAndAdministrativeExpense>
<us-gaap:SharesIssued contextRef="AsOf2018-09-30" unitRef="Shares" xsi:nil="true"/>
<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> 10000 </us-gaap:NetCashProvidedByUsedInFinancingActivities>
<us-gaap:Liabilities contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 177033 </us-gaap:Liabilities>
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> 11075 </us-gaap:SellingGeneralAndAdministrativeExpense>
<us-gaap:StockholdersEquity contextRef="AsOf2018-09-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 7964 </us-gaap:StockholdersEquity>
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> 3167 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
<us-gaap:Liabilities contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 162783 </us-gaap:Liabilities>
<us-gaap:StockholdersEquity contextRef="AsOf2018-09-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 190860 </us-gaap:StockholdersEquity>
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> -1175 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
<us-gaap:StockholdersEquity contextRef="AsOf2018-09-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -352113 </us-gaap:StockholdersEquity>
<us-gaap:CommonStockValue contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 7964 </us-gaap:CommonStockValue>
<us-gaap:StockholdersEquity contextRef="AsOf2018-09-30" unitRef="USD" decimals="0"> -153289 </us-gaap:StockholdersEquity>
<us-gaap:CashEquivalentsAtCarryingValue contextRef="AsOf2018-06-30" unitRef="USD" decimals="0"> 2394 </us-gaap:CashEquivalentsAtCarryingValue>
<us-gaap:CommonStockValue contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 7964 </us-gaap:CommonStockValue>
<us-gaap:ProfitLoss contextRef="From2018-10-01to2018-12-31_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 190860 </us-gaap:AdditionalPaidInCapital>
<us-gaap:OperatingIncomeLoss contextRef="From2019-10-01to2019-12-31" unitRef="USD" decimals="0"> -2533 </us-gaap:OperatingIncomeLoss>
<us-gaap:ProfitLoss contextRef="From2018-10-01to2018-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:CashEquivalentsAtCarryingValue contextRef="AsOf2018-12-31" unitRef="USD" decimals="0"> 1219 </us-gaap:CashEquivalentsAtCarryingValue>
<us-gaap:AdditionalPaidInCapital contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 190860 </us-gaap:AdditionalPaidInCapital>
<us-gaap:OperatingIncomeLoss contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> -11083 </us-gaap:OperatingIncomeLoss>
<us-gaap:ProfitLoss contextRef="From2018-10-01to2018-12-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -2525 </us-gaap:ProfitLoss>
<us-gaap:OperatingIncomeLoss contextRef="From2018-10-01to2018-12-31" unitRef="USD" decimals="0"> -2525 </us-gaap:OperatingIncomeLoss>
<us-gaap:ProfitLoss contextRef="From2018-10-01to2018-12-31" unitRef="USD" decimals="0"> -2525 </us-gaap:ProfitLoss>
<fstj:CashPaidFor contextRef="From2019-07-01to2019-12-31" xsi:nil="true"/>
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> -360641 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:OperatingIncomeLoss contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> -11075 </us-gaap:OperatingIncomeLoss>
<us-gaap:SharesIssued contextRef="AsOf2018-12-31_us-gaap_CommonStockMember" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:SharesIssued>
<fstj:CashPaidFor contextRef="From2018-07-01to2018-12-31" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> -172900 </us-gaap:StockholdersEquity>
<us-gaap:SharesIssued contextRef="AsOf2018-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:InterestPaid contextRef="From2019-07-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> -161817 </us-gaap:StockholdersEquity>
<us-gaap:InvestmentIncomeNet contextRef="From2019-10-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2018-12-31_us-gaap_RetainedEarningsMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:InterestPaid contextRef="From2018-07-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:LiabilitiesAndStockholdersEquity contextRef="AsOf2019-12-31" unitRef="USD" decimals="0"> 4133 </us-gaap:LiabilitiesAndStockholdersEquity>
<us-gaap:InvestmentIncomeNet contextRef="From2019-07-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2018-12-31" unitRef="Shares" xsi:nil="true"/>
<us-gaap:IncomeTaxesPaid contextRef="From2019-07-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:LiabilitiesAndStockholdersEquity contextRef="AsOf2019-06-30" unitRef="USD" decimals="0"> 966 </us-gaap:LiabilitiesAndStockholdersEquity>
<us-gaap:InvestmentIncomeNet contextRef="From2018-10-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2018-12-31_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 7964 </us-gaap:StockholdersEquity>
<us-gaap:IncomeTaxesPaid contextRef="From2018-07-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:InvestmentIncomeNet contextRef="From2018-07-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2018-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 190860 </us-gaap:StockholdersEquity>
<us-gaap:OtherIncome contextRef="From2019-10-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2018-12-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -354638 </us-gaap:StockholdersEquity>
<us-gaap:OtherIncome contextRef="From2019-07-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2018-12-31" unitRef="USD" decimals="0"> -155814 </us-gaap:StockholdersEquity>
<us-gaap:OtherIncome contextRef="From2018-10-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2019-06-30_us-gaap_CommonStockMember" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:SharesIssued>
<us-gaap:OtherIncome contextRef="From2018-07-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2019-06-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="From2019-10-01to2019-12-31" unitRef="USD" decimals="0"> -2533 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
<us-gaap:SharesIssued contextRef="AsOf2019-06-30_us-gaap_RetainedEarningsMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="From2019-07-01to2019-12-31" unitRef="USD" decimals="0"> -11083 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
<us-gaap:SharesIssued contextRef="AsOf2019-06-30" unitRef="Shares" xsi:nil="true"/>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="From2018-10-01to2018-12-31" unitRef="USD" decimals="0"> -2525 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
<us-gaap:StockholdersEquity contextRef="AsOf2019-06-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 7964 </us-gaap:StockholdersEquity>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="From2018-07-01to2018-12-31" unitRef="USD" decimals="0"> -11075 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
<us-gaap:StockholdersEquity contextRef="AsOf2019-06-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 190860 </us-gaap:StockholdersEquity>
<us-gaap:IncomeTaxExpenseBenefit contextRef="From2019-10-01to2019-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2019-06-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -360641 </us-gaap:StockholdersEquity>
<us-gaap:IncomeTaxExpenseBenefit contextRef="From2018-10-01to2018-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:ProfitLoss contextRef="From2019-07-01to2019-09-30_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:ProfitLoss contextRef="From2019-07-01to2019-09-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:NetIncomeLoss contextRef="From2019-10-01to2019-12-31" unitRef="USD" decimals="0"> -2533 </us-gaap:NetIncomeLoss>
<us-gaap:ProfitLoss contextRef="From2019-07-01to2019-09-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -8550 </us-gaap:ProfitLoss>
<us-gaap:ProfitLoss contextRef="From2019-07-01to2019-09-30" unitRef="USD" decimals="0"> -8550 </us-gaap:ProfitLoss>
<us-gaap:NetIncomeLoss contextRef="From2018-10-01to2018-12-31" unitRef="USD" decimals="0"> -2525 </us-gaap:NetIncomeLoss>
<us-gaap:SharesIssued contextRef="AsOf2019-09-30_us-gaap_CommonStockMember" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:SharesIssued>
<us-gaap:SharesIssued contextRef="AsOf2019-09-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:EarningsPerShareBasicAndDiluted contextRef="From2019-10-01to2019-12-31" unitRef="USDPShares" decimals="INF"> -0.00 </us-gaap:EarningsPerShareBasicAndDiluted>
<us-gaap:SharesIssued contextRef="AsOf2019-09-30_us-gaap_RetainedEarningsMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:EarningsPerShareBasicAndDiluted contextRef="From2019-07-01to2019-12-31" unitRef="USDPShares" decimals="INF"> -0.00 </us-gaap:EarningsPerShareBasicAndDiluted>
<us-gaap:SharesIssued contextRef="AsOf2019-09-30" unitRef="Shares" xsi:nil="true"/>
<us-gaap:EarningsPerShareBasicAndDiluted contextRef="From2018-10-01to2018-12-31" unitRef="USDPShares" decimals="INF"> -0.00 </us-gaap:EarningsPerShareBasicAndDiluted>
<us-gaap:StockholdersEquity contextRef="AsOf2019-09-30_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 7964 </us-gaap:StockholdersEquity>
<us-gaap:EarningsPerShareBasicAndDiluted contextRef="From2018-07-01to2018-12-31" unitRef="USDPShares" decimals="INF"> -0.00 </us-gaap:EarningsPerShareBasicAndDiluted>
<us-gaap:StockholdersEquity contextRef="AsOf2019-09-30_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 190860 </us-gaap:StockholdersEquity>
<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="From2019-10-01to2019-12-31" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
<us-gaap:StockholdersEquity contextRef="AsOf2019-09-30_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -369191 </us-gaap:StockholdersEquity>
<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="From2019-07-01to2019-12-31" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
<us-gaap:StockholdersEquity contextRef="AsOf2019-09-30" unitRef="USD" decimals="0"> -170367 </us-gaap:StockholdersEquity>
<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="From2018-10-01to2018-12-31" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
<us-gaap:ProfitLoss contextRef="From2019-10-01to2019-12-31_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="From2018-07-01to2018-12-31" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
<us-gaap:ProfitLoss contextRef="From2019-10-01to2019-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:ProfitLoss contextRef="From2019-10-01to2019-12-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -2533 </us-gaap:ProfitLoss>
<us-gaap:ProfitLoss contextRef="From2019-10-01to2019-12-31" unitRef="USD" decimals="0"> -2533 </us-gaap:ProfitLoss>
<us-gaap:SharesIssued contextRef="AsOf2019-12-31_us-gaap_CommonStockMember" unitRef="Shares" decimals="INF"> 7964090 </us-gaap:SharesIssued>
<us-gaap:SharesIssued contextRef="AsOf2019-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2019-12-31_us-gaap_RetainedEarningsMember" unitRef="Shares" xsi:nil="true"/>
<us-gaap:SharesIssued contextRef="AsOf2019-12-31" unitRef="Shares" xsi:nil="true"/>
<us-gaap:StockholdersEquity contextRef="AsOf2019-12-31_us-gaap_CommonStockMember" unitRef="USD" decimals="0"> 9764 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0"> 190860 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity contextRef="AsOf2019-12-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0"> -371724 </us-gaap:StockholdersEquity>
</xbrli:xbrl>

Top
Filing Submission 0001477932-20-000621   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Mon., May 6, 5:59:48.1pm ET