Previewer: Reports

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Dec. 31, 2019	Jan. 27, 2020
Document And Entity Information
Entity Registrant Name	ADVANCED OXYGEN TECHNOLOGIES INC
Entity Central Index Key	0000352991
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-Q
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity File Number	0-9951
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Entity Common Stock, Shares Outstanding		3,292,945

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
CURRENT ASSETS
Cash	$ 37,302	$ 43,098
Property tax receivable	1,197	1,213
Total Current Assets	38,499	44,311
LONG TERM ASSETS
Land	606,559	615,220
TOTAL ASSETS	645,058	659,531
CURRENT LIABILITIES
Accounts payable	250	225
Taxes payable	29,714	30,782
Notes payable, current portion	144,136	144,380
Advances from a related party	123,850	120,753
Deferred revenues	3,135
Total Current Liabilities	301,085	296,140
TOTAL LONG TERM LIABILITIES
Notes payable	52,946	62,464
Long Term Liabilities	52,946	62,464
Total Liabilities	354,031	358,604
STOCKHOLDERS' EQUITY-
Common stock, par value $0.01; At December 31, 2019 and June 30, 2019, authorized 60,000,000 shares; issued and outstanding 3,292,945 shares and 2,292,945 shares.	32,929	22,929
Additional paid-in capital	21,056,991	20,953,991
Accumulated other comprehensive income	40,661	48,198
Accumulated deficit	(20,839,604)	(20,724,241)
TOTAL STOCKHOLDERS EQUITY	291,027	297,746
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	645,058	659,531
Convertible Preferred Stock, Series 2
STOCKHOLDERS' EQUITY-
Convertible preferred stock	50	50
Convertible Preferred Stock, Series 3
STOCKHOLDERS' EQUITY-
Convertible preferred stock
Convertible Preferred Stock, Series 5
STOCKHOLDERS' EQUITY-
Convertible preferred stock

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Jun. 30, 2019
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	60,000,000	60,000,000
Common Stock, shares issued	3,292,945	2,292,945
Common Stock, shares outstanding	3,292,945	2,292,945
Convertible Preferred Stock, Series 2
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	5,000	5,000
Preferred Stock, shares outstanding	5,000	5,000
Convertible Preferred Stock, Series 3
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	1,670,000	1,670,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Convertible Preferred Stock, Series 5
Preferred Stock, shares authorized	1	1
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Revenues
Real Estate Rentals	$ 9,281	$ 9,488	$ 18,610	$ 19,161
Total Revenues	9,281	9,488	18,610	19,161
Costs and Expenses
General & Administrative	3,958	1,315	7,173	3,176
Professional expenses	2,500	2,500	8,500	8,500
Salary and Wages			113,000
Total Operating Expenses	6,458	3,815	128,673	11,676
Income (Loss) from operations	2,823	5,673	(110,063)	7,485
Other income (expenses)
Interest Expense	(859)	(1,070)	(1,755)	(2,213)
Income (loss) before Income Taxes	1,964	4,603	(111,818)	5,272
Income Taxes Benefit (expense)	1,781	1,829	3,545	(191)
NET INCOME (LOSS)	$ 183	$ 2,774	$ (115,363)	$ 5,463
Weighted average number of common shares outstanding:
Basic	3,292,945	2,292,945	2,836,423	2,292,945
Dilutive	3,292,945	2,302,945	2,836,423	2,302,945
Earnings per share:
Basic	$ (0.00)	$ 0.00	$ (0.04)	$ 0.00
Dilutive	$ (0.00)	$ 0.00	$ (0.04)	$ 0.00
COMPREHENSIVE INCOME
Foreign Currency Translation Adjustments	$ 15,431	$ (7,963)	$ (7,537)	$ (10,920)
Total Comprehensive Income (Loss)	$ 15,614	$ (5,188)	$ (120,900)	$ (5,457)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Preferred Stock Convertible Series 2	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Total
Beginning Balance, Shares at Jun. 30, 2018	5,000	2,292,945
Beginning Balance, Amount at Jun. 30, 2018	$ 50	$ 22,929	$ 20,953,991	$ (20,732,352)	$ 63,139	$ 307,757
To Record the stock-based compensation issuance of 1,000,000 shares of common stock, par value $0.01, Amount
Net Income				5,463		5,463
Foreign Currency Translation Adjustment					(10,920)	(10,920)
Ending Balance, Shares at Dec. 31, 2018	5,000	2,292,945
Ending Balance, Amount at Dec. 31, 2018	$ 50	$ 22,929	20,953,991	(20,726,889)	52,219	302,300
Beginning Balance, Shares at Sep. 30, 2018	5,000	2,292,945
Beginning Balance, Amount at Sep. 30, 2018	$ 50	$ 22,929	20,953,991	(20,729,663)	60,378	307,685
Net Income				2,774		2,774
Foreign Currency Translation Adjustment					(8,159)	(8,159)
Ending Balance, Shares at Dec. 31, 2018	5,000	2,292,945
Ending Balance, Amount at Dec. 31, 2018	$ 50	$ 22,929	20,953,991	(20,726,889)	52,219	302,300
Beginning Balance, Shares at Jun. 30, 2019	5,000	2,292,945
Beginning Balance, Amount at Jun. 30, 2019	$ 50	$ 22,929	20,953,991	(20,724,241)	48,198	297,746
To Record the stock-based compensation issuance of 1,000,000 shares of common stock, par value $0.01, Shares		1,000,000
To Record the stock-based compensation issuance of 1,000,000 shares of common stock, par value $0.01, Amount		$ 10,000	103,000			113,000
Net Income				(115,363)		(115,363)
Foreign Currency Translation Adjustment					(7,537)	(7,537)
Ending Balance, Shares at Dec. 31, 2019	5,000	3,292,945
Ending Balance, Amount at Dec. 31, 2019	$ 50	$ 32,929	21,056,991	(20,839,604)	40,661	291,027
Beginning Balance, Shares at Sep. 30, 2019	5,000	3,292,945
Beginning Balance, Amount at Sep. 30, 2019	$ 50	$ 32,929	21,056,991	(20,843,530)	25,230	275,413
Net Income				183		183
Foreign Currency Translation Adjustment					15,431	15,431
Ending Balance, Shares at Dec. 31, 2019	5,000	3,292,945
Ending Balance, Amount at Dec. 31, 2019	$ 50	$ 32,929	$ 21,056,991	$ (20,839,604)	$ 40,661	$ 291,027

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical)	6 Months Ended
	Dec. 31, 2019 $ / shares shares
Statement of Stockholders' Equity [Abstract]
Issuance of common stock, Shares \| shares	1,000,000
Common Stock, par value \| $ / shares	$ 0.01

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net income (loss)	$ (115,363)	$ 5,463
Adjustments to reconcile net income (loss) to net cash
Stock-based compensation	113,000
Expenses Paid on Behalf of a related Party	11,726	11,850
Changes in operating assets and liabilities
Accounts payable	25	(525)
Taxes payable	(629)	(11,581)
Prepaid expenses		(525)
Deferred revenue	3,102
Net cash provided by (used in) operating activities	11,940	4,682
Cash flow from financing activities:
Repayment of long term and related party debt	(8,546)	(12,724)
Proceeds on notes payable - related party	(8,531)
Net cash provided by (used in) financing activities	(17,077)	(12,724)
Change due to FX Translation	(580)	(1,026)
Net Change in Cash	(5,796)	(9,068)
Cash at beginning of the period	43,098	53,415
Cash at end of period	37,302	44,347
Supplemental Disclosure of Cash flow Information
Cash paid for Interest	$ 1,756	$ 2,213

ORGANIZATION AND LINE OF BUSINESS

6 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NOTE 1 - ORGANIZATION AND LINE OF BUSINESS

NOTE 1- ORGANIZATION AND LINE OF BUSINESS:

Organization and Basis of Presentation:

Advanced Oxygen Technologies Inc, (“theCompany”), was incorporated in Delaware in 1981 under the name Aquanautics Corporation and was, from 1985 until May 1995,a startup stage specialty materials company producing new oxygen control technologies. From May of 1995 through December of 1997the Company had minimal operations and was seeking funding for operations and companies to which it could merge or acquire. InMarch of 1998 the Company began operations again in California. From 1998 through 2000, the business produced and sold CD- ROMSfor conference events, advertisement sales on the CD’s, database management and event marketing all associated with conferenceevents. From 2000 through March of 2003, the business consisted solely of database management. From 2003 through April 2005, thebusiness operations were derived totally from the Company’s wholly owned business, IP Service, ApS, a Danish IP securityvulnerability company (“IP Service”). Since then, business operations have been solely derived from real estate rentalsin Denmark through its wholly owned subsidiary.

The results of operations for the six monthsended December 31, 2019 are not necessarily indicative of the results to be expected for the year ending June 30, 2020. The accompanyingunaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidatedfinancial statements and notes related thereto for the years ended June 30, 2019 and 2018 included in Form 10-K filed with theSEC.

Lines of Business:

The Company, through its wholly owned subsidiaryAnton Nielsen Vojens ApS owns income producing commercial real estate leased until 2026. The real estate consists solely of theland with no buildings or improvements (Land). All improvements on the land are those of the tenant.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIES:

Revenue recognition of rental income:

In May 2014, the FASB issued ASU No. 2014-09,Revenue from Contracts with Customers (Topic 606), to update the financial reporting requirements for revenue recognition.Topic 606 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers.It supersedes most current revenue recognition guidance, including industry-specific guidance. The guidance is based on the principlethat an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects theconsideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additionaldisclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, includingsignificant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. This guidancebecame effective for the Company beginning on January 1, 2018, and entities have the option of using either a full retrospectiveor a modified retrospective approach for the adoption of the new standard. We adopted this standard using the modified retrospectiveapproach on July 1, 2018.

The Company's source of revenue is from theCommercial Property lease in which quarterly payments are received pursuant to the property lease which is in effect until 2026.(See Note 3 for further details).

Property Plant and Equipment:

Land and buildings are recognized at cost.Land is carried at cost less accumulated impairment losses.

Foreign currency translation:

Foreign currency transactions are translatedapplying the current rate method. Assets and liabilities are translated at current rates. Stockholders’ equity accounts aretranslated at the appropriate historical rates and revenue and expenses are translated at weighted average rates for the year.Exchange rate differences that arise between the rate at the transaction date and the one in effect at the payment date, or atthe balance sheet date, are recognized in the income statement.

Income Taxes:

The Company accounts for income taxes underthe asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the futuretax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilitiesand their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxableincome in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assetsand liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowanceis required when it is less likely than not that the Company will be able to realize all or a portion of its deferred tax assets.Because it is doubtful that the net operating losses of recent years will ever be used, a valuation allowance has been recognizedequal to the tax benefit of net operating losses generated.

Earnings per Share:

Basic earnings per share is computed by dividingincome available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share iscomputed similar to basic earnings per share except that the denominator is increased to include the number of additional commonshares that would have been outstanding if the potential common shares had been issued and if the additional common shares weredilutive. As of December 31, 2019, and December 31, 2018 there were 10,000 and 10,000 potential dilutive shares that need to beconsidered as common share equivalents and because of the net loss, the effect of these potential common shares is anti-dilutivefor six-months ended December 31, 2019 and dilutive for the three-months ended December 31, 2019.

Cash and Cash Equivalents:

For purposes of the statement of cash flows,the Company considers all highly-liquid investments purchased with original maturities of six months or less to be cash equivalents.

The Company maintains its cash in bank depositaccounts which, at December 31, 2019 did not exceed federally insured limits. The Company has not experienced any losses in suchaccounts and believes that it is not exposed to any significant credit risk on such amounts.

Stock-Based Compensation:

The Company records stock-based compensationin accordance with ASC 718, Compensation. All transactions in which goods or services are the consideration received for the issuanceof equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equityinstrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services receivedas consideration are measured and recognized based on the fair value of the equity instruments issued and are recognized over theemployees required service period, which is generally the vesting period.

Estimates:

The preparation of financial statements inconformity with generally accepted accounting principles requires management to make estimates and assumptions that affect thereported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements,as well as the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates.

Concentrations of Credit Risk:

Financial instruments that potentially subjectthe Company to major credit risk consist principally of a single subsidiary of Anton Nielsen Vojens ApS.

Recently Issued Accounting Standards:

In February 2016, the FASB issued ASU No. 2016-02- Leases (Topic 842), which sets out the principles for the recognition, measurement, presentation and disclosure of leases forboth parties to a contract (i.e. lessees and lessors). The new standard requires lessees to apply a dual approach, classifyingleases as either financing or operating leases based on the principle of whether or not the lease is effectively a financed purchaseby the lessee. This classification will determine whether lease expense is recognized based on an effective interest method oron a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset anda lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessorsto account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financingleases and operating leases. The standard is effective on January 1, 2019, however early adoption is permitted. effective January 1,2019. On July 1, 2019 the Company adopted the requirements of Financial Accounting Standards Board (“FASB”) AccountingStandards Update (“ASU”) No. 2016-02 (Topic 842), Leases (“ASU 2016-02”)using modifiedretrospective approach. Amounts and disclosures set forth in this Form 10-Q reflect this change.

Other recent accounting pronouncements issuedby the FASB did not or are not believed by management to have a material impact on the Company's present or future financial statements.

REVENUE

6 Months Ended

Dec. 31, 2019

Revenue

NOTE 3 - REVENUE

NOTE 3 - REVENUE:

The Company's subsidiary, Anton Nielsen Vojens,ApS has one customer who is a non-related party and leases property from the Company. For the period ending December 31, 2019 andDecember 31, 2018 the major customer concentrations were as follows:

	Percent of Sales for the Six-Month Period ending December 31,
Customer	2019			2018
Circle K Denmark A/S, Formerly Statoil A/S		100	%		100	%

Total Sales from Major Customers		100	%		100	%

LEASES

6 Months Ended

Dec. 31, 2019

Leases [Abstract]

NOTE 4 - LEASES

NOTE 4 –LEASES

The company adopted ASU No. 2016-02, Leases(Topic 842), as of July 1, 2019, using the modified retrospective approach, which allows comparative periods not to be restated.In addition, the company elected the package of practical expedients permitted under the transition guidance within the new standard,which among other things, allowed the company to carry forward the historical lease classification, not reassess whether any expiredor existing contracts are or contain leases and not to reassess initial direct costs for any existing leases. The company alsoelected the hindsight expedient to determine the lease terms for existing leases. The election of the hindsight expedient did nothave a significant impact on the calculation of the expected lease term.

The Company leases land to a customer. TheCompany determines if an arrangement contains a lease at contract inception. An arrangement is or contains a lease if the agreementidentifies an asset, implicitly or explicitly, that the Customer has the right to use over a period of time. If an arrangementcontains a lease, the Company classifies the lease as either an operating lease or as a finance lease based on the five criteriadefined in ASC 842.

Lease liabilities are recognized at commencementdate based on the present value of the remaining lease payments over the lease term. The corresponding right-of-use asset is recognizedfor the same amount as the lease liability adjusted for any payments made at or before the commencement date, any lease incentivesreceived, and any initial direct costs. The Company’s lease agreements may include options to renew, extend or terminatethe lease. These clauses are included in the initial measurement of the lease liability when at lease commencement the Companyis reasonably certain that it will exercise such options. The discount rate used is the interest rate implicit in the lease or,if that cannot be readily determined, the Company's incremental borrowing rate.

Operating lease expense is recognized on astraight-line basis over the lease term and presented within cost of sales on the Company’s consolidated statements of operations.Finance lease right-of-use assets are amortized on a straight-line basis over the shorter of the useful life of the asset or thelease term. Interest expense on the finance lease liability is recognized using the effective interest rate method and is presentedwithin interest expense on the Company’s consolidated statements of operations and comprehensive income. Variable rent paymentsrelated to both operating and finance leases are expensed as incurred. The Company’s variable lease payments primarily consistsof real estate taxes, maintenance and usage charges. The Company made an accounting policy election to combine lease and non-leasecomponents.

The Company has elected to exclude short-termleases from the recognition requirements of ASC 842. A lease is short-term if, at the commencement date, it has a term of lessthan or equal to one year. Lease expense related to short-term leases is recognized on a straight-line basis over the lease term.

The adoption of the new standard did not materiallyimpact consolidated net income and had no impact on cash flows.

LAND

6 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

NOTE 5 - LAND

NOTE 5 - LAND:

The Land owned by the Company’s whollyowned subsidiary constitutes the largest asset of the Company. During the six-month period ending December 31, 2019 the Companyrecorded a decrease in the carrying value of the Land of $8,662 due to the currency translation difference. The carrying valueof the Land of the Company was as follows:

	Carrying Value of Land at

		December 31, 2019		June 30, 2019
US Dollars	$	606,559	$	615,220

RELATED PARTY TRANSACTIONS

6 Months Ended

Dec. 31, 2019

NOTE 6 - RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS:

Crossfield, Inc., a company of which the CEO,Robert Wolfe is an officer and director, has made advances to the Company which are not collateralized, non-interest bearing, andpayable upon demand, however, the Company did not expect to make payment within one year. At December 31, 2019 and June 30, 2019,the Company had a balance of $123,850 and $120,753 respectively. During the six-month period ended December 31, 2019 and December31, 2018 expenses paid on behalf of the Company were $11,726 and $7,665 respectively. The Company repaid $8,546 of the advancementduring the six months ending December 31, 2019.

NOTES PAYABLE

6 Months Ended

Dec. 31, 2019

Notes Payable [Abstract]

NOTE 7 - NOTES PAYABLE

NOTE 7 - NOTES PAYABLE:

During 2006, the Company issued a promissorynote (“Note”) for $650,000, payable to the Borkwood Development Ltd, a previous shareholder of the Company (“Seller”),payable and amortized monthly and carrying an interest at 5% per year. The Company has the right to prepay the note at any timewith a notice of 14 days. To secure the payment of principal and interest the Sellers will receive a perfect lien and securityinterest in the Shares in the company ANV until the note with accrued interest is paid in full, and, 2) In the case that the Notehas not been repaid within 12 months from the day of closing the Sellers have the right to convert the debt to common stock ofAdvanced Oxygen Technologies, Inc. in an amount of non-diluted shares calculated on the conversion Date, equal to the lesser of: a) Six hundred and Fifty thousand (650,000) or the Purchase Price minus the principal payments made by the buyer, whichever isgreater, divided by the previous ten day closing price of AOXY as quoted on the national exchange, or b) Fifteen million shares,whichever is lesser. The Note has been extended until July 1, 2020, prior to period end and interest waived through the periodending June 30, 2020. Due to the extension, the note is not in default and therefore not convertible as of December 31, 2019. Asof December 31, 2019, the unpaid balance was $127,029.

The Company has a note payable with a bank(“Note B”). The original amount of Note B was kr 1,132,000 Danish Krone (kr). Note B is secured by the subsidiary’sreal estate, with a 2.00% interest rate and 4 years left on the term. The balance on the note as of

December 31, 2019 was $70,052. During the periodended December 31, 2019, the Company paid $8,531 in principal payments and $1,756 in interest.

The Company’s commitments and contingenciesare $142,746 for 2019 and $54,336 for the years 2020 through 2024 with a total of $197,081. The amounts stated reflect the Company’scommitments in the currencies that those commitments were made and the amounts are an estimate of what the US dollar amount wouldbe if the currency rates did not change.

Year	Amount
2020	$	135,755
2021		17,714
2022		18,072
2023		18,436
2024		7,104
Total	$	197,081

The amounts stated in this note reflect theCompany’s commitments in the currencies that those commitments were made and the amounts are an estimate of what the US dollaramount would be if the currency rates did not change going forward.

SHAREHOLDERS' EQUITY

6 Months Ended

Dec. 31, 2019

Equity [Abstract]

NOTE 8 - SHAREHOLDERS' EQUITY

NOTE 8 - SHAREHOLDERS’ EQUITY:

Common Stock:

Pursuant to a Certificate of Amendment to ourCertificate of Incorporation filed with the State of Delaware and effective as of December 8, 2014, the Company (effected a reversestock split of all the outstanding shares of our common stock at an exchange ratio of one for twenty (1:20) and changed the numberour authorized shares of common stock, par value $0.01 per share, from 90,000,000 to 60,000,000 while maintaining the number ofauthorized shares of preferred stock, par value $0.01 per share, at 10,000,000. As a result, the 45,853,585 shares of common stockoutstanding at December 7, 2014 had been reduced to 2,292,945 shares of common stock (taking into account the rounding up of fractionalshare interests).

On September 23, 2019 the Company entered intoa Stock Grant and Investment Agreement with Robert Wolfe, its CEO and a Director (“Wolfe”) whereby the Company hasgranted 1,000,000 shares (the “Shares”) of common stock of the Company, with a fair value of $113,000 based on a stockprice of $0.11. The shares were issued for services rendered by Wolfe to the Company and which Shares are deemed irrevocably andfully earned and vested as of the date thereof. The Shares have been issued in reliance upon the exemption from registration pursuantto Section 4(a)(2) of the Securities Act of 1933, as amended.

Preferred Stock:

The Company is authorized to issue 10,000,000shares of $0.01 par value of series 2 convertible preferred stock. The Company may issue any class of preferred shares in series.The board of directors has the authority to establish and designate series and to fix the number of shares included in each suchseries. Each Series 2 preferred share is convertible into two shares of common stock at the option of the holder.

Series 2 Convertible Preferred Stock:

The Company is authorized to issue 10,000,000shares of $0.01 par value of series 2 convertible preferred stock. The Company may issue any class of preferred shares in series.The board of directors has the authority to establish and designate series and to fix the number of shares included in each suchseries. Each Series 2 preferred share is convertible into two shares of common stock at the option of the holder.

Series 2 Convertible Preferred Stock:

Each Series 2 preferred share also includesone warrant to purchase two common shares for $5.00. The warrants are exercisable over a three-year period. In the event of theliquidation of the Company, holders of Series 2 preferred stock would be entitled to receive $5.00 per share, plus any unpaid dividendsdeclared on the Series 2 preferred stock from the funds remaining after the Company's

creditors, including directors, have been paid.There have been no dividends declared. There are 177,000 Series 2 Convertible Preferred shares designated. During November 1997,172,000 shares of Series 2 preferred stock were converted into 344,000 shares of the Company's common stock. As of December 31,2019, and June 30, 2019 there are 5,000 shares issued, which are convertible into 2 common shares. There are no warrants outstandingthat have been issued in connection with these preferred shares.

Series 3 Convertible Preferred Stock:

The Company has designated 1,670,000 sharesof series 3 convertible preferred stock with a par value $0.01. Each share automatically converts on March 2, 2000 into either(a) one (1) share of the Company's common stock if the average closing price of the common stock during the ten trading days immediatelyprior to March 1, 2000 is equal to or greater than sixty-six cents ($0.66) per share, or (b) one and one-half (1 1/2) shares ofcommon stock if the average closing price of the common stock during the ten trading days immediately prior March 1, 2000 is lessthan sixty-six cents ($0.66) per share. There are zero shares issued and outstanding at December 31, 2019 and June 30, 2019.

Series 5 Convertible Preferred Stock:

The Company has designated 1 share of series5 convertible preferred stock, no par value. There is 1 Series 5 Convertible Preferred shares designated. The shares are collectivelyconvertible to common stock of the Company on March 5, 2004, in an amount equal to the greater of a.)290,000 shares divided bythe ten day closing price, prior to the date of acquisition of IPS, of the Company's common stock as quoted on the national exchangeand not to exceed twenty million shares, or b.) six million shares. There are zero shares issued and outstanding at December 31,2019 and June 30, 2019.

SUBSEQUENT EVENTS

6 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

NOTE 9 - SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS:

In accordance with ASC 855-10, Company managementreviewed all material events through the date of this report.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2019
Accounting Policies [Abstract]
Revenue recognition of rental income	Revenue recognition of rental income: In May 2014, the FASB issued ASU No. 2014-09,Revenue from Contracts with Customers (Topic 606), to update the financial reporting requirements for revenue recognition.Topic 606 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers.It supersedes most current revenue recognition guidance, including industry-specific guidance. The guidance is based on the principlethat an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects theconsideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additionaldisclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, includingsignificant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. This guidancebecame effective for the Company beginning on January 1, 2018, and entities have the option of using either a full retrospectiveor a modified retrospective approach for the adoption of the new standard. We adopted this standard using the modified retrospectiveapproach on July 1, 2018. The Company's source of revenue is from theCommercial Property lease in which quarterly payments are received pursuant to the property lease which is in effect until 2026.(See Note 3 for further details).
Property Plant and Equipment	Property Plant and Equipment: Land and buildings are recognized at cost.Land is carried at cost less accumulated impairment losses.
Foreign currency translation	Foreign currency translation: Foreign currency transactions are translatedapplying the current rate method. Assets and liabilities are translated at current rates. Stockholders’ equity accounts aretranslated at the appropriate historical rates and revenue and expenses are translated at weighted average rates for the year.Exchange rate differences that arise between the rate at the transaction date and the one in effect at the payment date, or atthe balance sheet date, are recognized in the income statement.
Income Taxes	Income Taxes: The Company accounts for income taxes underthe asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the futuretax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilitiesand their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxableincome in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assetsand liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowanceis required when it is less likely than not that the Company will be able to realize all or a portion of its deferred tax assets.Because it is doubtful that the net operating losses of recent years will ever be used, a valuation allowance has been recognizedequal to the tax benefit of net operating losses generated.
Earnings per Share	Earnings per Share: Basic earnings per share is computed by dividingincome available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share iscomputed similar to basic earnings per share except that the denominator is increased to include the number of additional commonshares that would have been outstanding if the potential common shares had been issued and if the additional common shares weredilutive. As of December 31, 2019, and December 31, 2018 there were 10,000 and 10,000 potential dilutive shares that need to beconsidered as common share equivalents and because of the net loss, the effect of these potential common shares is anti-dilutivefor six-months ended December 31, 2019 and dilutive for the three-months ended December 31, 2019.
Cash and Cash Equivalents	Cash and Cash Equivalents: For purposes of the statement of cash flows,the Company considers all highly-liquid investments purchased with original maturities of six months or less to be cash equivalents. The Company maintains its cash in bank depositaccounts which, at December 31, 2019 did not exceed federally insured limits. The Company has not experienced any losses in suchaccounts and believes that it is not exposed to any significant credit risk on such amounts.
Stock-Based Compensation	Stock-Based Compensation: The Company records stock-based compensationin accordance with ASC 718, Compensation. All transactions in which goods or services are the consideration received for the issuanceof equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equityinstrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services receivedas consideration are measured and recognized based on the fair value of the equity instruments issued and are recognized over theemployees required service period, which is generally the vesting period.
Estimates	Estimates: The preparation of financial statements inconformity with generally accepted accounting principles requires management to make estimates and assumptions that affect thereported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements,as well as the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates.
Concentrations of Credit Risk	Concentrations of Credit Risk: Financial instruments that potentially subjectthe Company to major credit risk consist principally of a single subsidiary of Anton Nielsen Vojens ApS.
Recently Issued Accounting Standards	Recently Issued Accounting Standards: In February 2016, the FASB issued ASU No. 2016-02- Leases (Topic 842), which sets out the principles for the recognition, measurement, presentation and disclosure of leases forboth parties to a contract (i.e. lessees and lessors). The new standard requires lessees to apply a dual approach, classifyingleases as either financing or operating leases based on the principle of whether or not the lease is effectively a financed purchaseby the lessee. This classification will determine whether lease expense is recognized based on an effective interest method oron a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset anda lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessorsto account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financingleases and operating leases. The standard is effective on January 1, 2019, however early adoption is permitted. effective January 1,2019. On July 1, 2019 the Company adopted the requirements of Financial Accounting Standards Board (“FASB”) AccountingStandards Update (“ASU”) No. 2016-02 (Topic 842), Leases (“ASU 2016-02”)using modifiedretrospective approach. Amounts and disclosures set forth in this Form 10-Q reflect this change. Other recent accounting pronouncements issuedby the FASB did not or are not believed by management to have a material impact on the Company's present or future financial statements.

REVENUE (Tables)

6 Months Ended

Dec. 31, 2019

Revenue

Schedules of major customer concentrations

For the period ending December 31, 2019 andDecember 31, 2018 the major customer concentrations were as follows:

	Percent of Sales for the Six-Month Period ending December 31,
Customer	2019			2018
Circle K Denmark A/S, Formerly Statoil A/S		100	%		100	%

Total Sales from Major Customers		100	%		100	%

LAND (Tables)

6 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Schedule of value of land

The carrying valueof the Land of the Company was as follows:

	Carrying Value of Land at

		December 31, 2019		June 30, 2019
US Dollars	$	606,559	$	615,220

NOTES PAYABLE (Tables)

6 Months Ended

Dec. 31, 2019

Notes Payable [Abstract]

Schedule of commitments and contingencies obligations

Year	Amount
2020	$	135,755
2021		17,714
2022		18,072
2023		18,436
2024		7,104
Total	$	197,081

ORGANIZATION AND LINE OF BUSINESS (Details Narrative)	6 Months Ended
ORGANIZATION AND LINE OF BUSINESS (Details Narrative)	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Entity Incorporation, State Country Code	DE
Year of incorporation	1981

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Potential dilutive shares	10,000	10,000	10,000	10,000

REVENUE (Details)	6 Months Ended
REVENUE (Details)	Dec. 31, 2019	Dec. 31, 2018
Sales Revenue, Net [Member] \| Circle K Denmark A/S, Formerly Statoil A/S [Member]
Total sales from major customers	100.00%	100.00%

LAND (Details) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
US Dollars	$ 606,559	$ 615,220

LAND (Details Narrative)	6 Months Ended
LAND (Details Narrative)	Dec. 31, 2019 USD ($)
Property, Plant and Equipment [Abstract]
Increase in carrying value of land	$ 8,662

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Advances From a Related Party	$ 123,850		$ 120,753
Expenses Paid on behalf of a related party	11,726	$ 11,850
Affiliates And Officers [Member]
Advances From a Related Party	123,850		$ 120,753
Expenses Paid on behalf of a related party	11,726	$ 7,665
Repayment of related party	$ 8,546

NOTES PAYABLE (Details)	Dec. 31, 2019 USD ($)
Notes Payable [Abstract]
2020	$ 135,755
2021	17,714
2022	18,072
2023	18,436
2024	7,104
Total	$ 197,081

NOTES PAYABLE (Details Narrative)	6 Months Ended
NOTES PAYABLE (Details Narrative)	Dec. 31, 2019 USD ($)
2019	$ 135,755
Total payment due	197,081
Commitments and contingencies [Member]
2019	142,746
2020 through 2024	54,336
Total payment due	197,081
Borkwood Development Ltd [Member]
Notes Payable	650,000
Unpaid balance	$ 127,029
Interest rate on notes payable	5.00%
Notes payable description	The Company has the right to prepay the note at any time with a notice of 14 days. To secure the payment of principal and interest the Sellers will receive a perfect lien and security interest in the Shares in the company ANV until the note with accrued interest is paid in full, and, 2) In the case that the Note has not been repaid within 12 months from the day of closing the Sellers have the right to convert the debt to common stock of Advanced Oxygen Technologies, Inc. in an amount of non-diluted shares calculated on the conversion Date, equal to the lesser of : a) Six hundred and Fifty thousand (650,000) or the Purchase Price minus the principal payments made by the buyer, whichever is greater, divided by the previous ten day closing price of AOXY as quoted on the national exchange, or b) Fifteen million shares, whichever is lesser.
Note B [Member]
Notes Payable	$ 70,052
Principal payments	8,531
Interest payments	1,756
Note B [Member] \| Danish Krone [Member]
Notes Payable	$ 1,132,000
Interest rate on notes payable	2.00%
Notes payable description	4 years left on the term.

SHAREHOLDERS' EQUITY (Details Narrative) - USD ($)	1 Months Ended		6 Months Ended
SHAREHOLDERS' EQUITY (Details Narrative) - USD ($)	Sep. 23, 2019	Nov. 30, 1997	Dec. 31, 2019	Jun. 30, 2019	Dec. 08, 2014	Dec. 07, 2014
Common Stock, par value			$ 0.01	$ 0.01
Common Stock, shares authorized			60,000,000	60,000,000
Common Stock, shares outstanding			3,292,945	2,292,945
Common Stock
Common Stock exchange ratio			one for twenty (1:20)
Common Stock, par value			$ 0.01		$ 0.01	$ 0.01
Common Stock, shares authorized			10,000,000		60,000,000	90,000,000
Common Stock, shares outstanding						45,853,585
Reduction of common stock, shares						2,292,945
Preferred Stock [Member]
Preferred Stock, par value			$ 0.01
Preferred Stock, shares authorized			10,000,000
Series 2 Convertible Preferred Stock [Member]
Preferred Stock, shares issued			5,000	5,000
Convertible common stock			2	2
Preferred Stock, par value			$ 0.01
Preferred Stock, shares authorized			10,000,000
Purchase price of warrant			$ 5.00
Discription of warrants exercisable			3 years
Preferred Stock, shares		172,000
Preferred Stock converted into common stock, shares		344,000
Preferred shares designated			177,000
Series 3 Convertible Preferred Stock [Member]
Preferred Stock, shares issued			0	0
Preferred Stock, shares outstanding			0	0
Preferred Stock, par value			$ 0.01
Conversion description			Each share automatically converts on March 2, 2000 into either (a) one (1) share of the Company's common stock if the average closing price of the common stock during the ten trading days immediately prior to March 1, 2000 is equal to or greater than sixty-six cents ($0.66) per share, or (b) one and one-half (1 1/2) shares of common stock if the average closing price of the common stock during the ten trading days immediately prior March 1, 2000 is less than sixty-six cents ($0.66) per share.
Preferred shares designated			1,670,000
Series 5 Convertible Preferred Stock [Member]
Preferred Stock, shares issued			0	0
Preferred Stock, shares outstanding			0	0
Conversion description			The shares are collectively convertible to common stock of the Company on March 5, 2004, in an amount equal to the greater of a.) 290,000 shares divided by the ten day closing price, prior to the date of acquisition of IPS, of the Company's common stock as quoted on the national exchange and not to exceed twenty million shares, or b.) six million shares.
Preferred shares designated				1
Stock Grant and Investment Agreement \| Wolfe \| Common Stock
Sahres granted	1,000,000
Fair value	$ 113,000
Stock price	$ 0.11