Previewer: Reports

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jun. 30, 2019	Dec. 29, 2019	Aug. 16, 2019
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-K
Document Period End Date	Jun. 30, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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 Public Float		$ 142,851
Entity Common Stock, Shares Outstanding			2,292,945

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2019	Jun. 30, 2018
CURRENT ASSETS
Cash	$ 43,098	$ 53,415
Property Tax Receivable	1,213	1,772
Total Current Assets	44,311	55,187
FIXED ASSETS
Land	615,220	632,712
TOTAL ASSETS	659,531	687,899
CURRENT LIABILITIES
Accounts Payable	225	750
Taxes Payable	30,782	40,269
Notes Payable, Current Portion	144,380	143,422
Advances From a Related Party	120,753	112,255
Total current liabilities	296,140	296,696
Long Term Liabilities
Notes Payable	62,464	83,446
Total Long - Term Liabilities	62,464	83,446
Total Liabilities	358,604	380,142
STOCKHOLDERS' EQUITY-
Common stock, par value $0.01; At June 30, 2019 and June 30, 2018, authorized 60,000,000 shares; issued and outstanding 2,292,945 shares.	22,929	22,929
Additional paid-in capital	20,953,991	20,953,991
Accumulated Other Comprehensive Income	48,198	63,139
Accumulated deficit	(20,724,241)	(20,732,352)
TOTAL STOCKHOLDERS EQUITY	300,927	307,757
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	659,531	687,899
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

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2019	Jun. 30, 2018
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	60,000,000	60,000,000
Common Stock, shares issued	2,292,945	2,292,945
Common Stock, shares outstanding	2,292,945	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

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Revenues
Real Estate Rentals	$ 38,408	$ 39,770
Total Revenues	38,408	39,770
Costs and Expenses
General & Administrative	3,634	3,481
Professional expenses	15,600	15,825
Total Operating Expenses	19,234	19,306
Income from operations before other income (expenses)	19,174	20,464
Other income (expenses)
Interest Expense	(4,182)	(5,807)
Income before Income Taxes	14,992	14,657
Income Taxes Expense	6,881	7,201
NET INCOME	$ 8,111	$ 7,456
Weighted Average number of common shares outstanding
Basic	2,292,945	2,292,945
Diluted	2,302,945	2,302,945
Basic earnings per Share, 2,292,945 shares outstanding	$ 0.00	$ 0.00
Dilutive earnings per Share, 2,302,945 shares fully diluted	$ 0.00	$ 0.00
OTHER COMPREHENSIVE INCOME
Foreign Currency Translation Adjustments	$ (14,941)	$ 10,074
Total Comprehensive Income (Loss)	$ (6,830)	$ 17,530

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (Parenthetical) - shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Basic shares outstanding	2,292,945	2,292,945
Diluted shares	2,302,945	2,302,945

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 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, 2017	5,000	2,292,945
Beginning Balance, Amount at Jun. 30, 2017	$ 50	$ 22,929	$ 20,953,991	$ (20,739,808)	$ 53,065	$ 290,227
Net Income				7,456		7,456
Foreign Currency Translation Adjustment					10,074	10,074
Ending Balance, Shares at Jun. 30, 2018	5,000	2,292,945
Ending Balance, Amount at Jun. 30, 2018	$ 50	$ 22,929	20,953,991	(20,732,352)	63,139	307,757
Net Income				8,111		8,111
Foreign Currency Translation Adjustment					(14,941)	(14,941)
Ending Balance, Shares at Jun. 30, 2019	5,000	2,292,945
Ending Balance, Amount at Jun. 30, 2019	$ 50	$ 22,929	$ 20,953,991	$ (20,724,241)	$ 48,198	$ 300,927

- 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 CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net income	$ 8,111	$ 7,456
Adjustments to reconcile net income to net cash:
Expenses Paid on behalf of a related party	17,700	19,255
Changes in operating assets and liabilities
Accounts Payable	(525)	(655)
Taxes Payable	(8,400)	9,443
Prepaid Expenses	525	(525)
Net cash provided by operating activities	17,411	34,974
Cash flow from financing activities:
Repayment of related party debt	(8,965)	(4,095)
Repayment of long term debt	(17,317)	(28,812)
Net cash used in financing activities	(26,282)	(32,907)
Change due to FX Translation	(1,446)	1,017
NET CHANGE IN CASH	(10,317)	3,084
Cash at beginning of year	53,415	50,331
Cash at end of year	43,098	53,415
Non Cash Investing and Financing Activities
Cash paid for Interest	$ 4,182	$ 5,807

ORGANIZATION AND LINE OF BUSINESS

12 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NOTE 1 - ORGANIZATION AND LINE OF BUSINESS

NOTE 1 - ORGANIZATION AND LINE OF BUSINESS:

Organization:

Advanced Oxygen Technologies Inc, ("the Company"), 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 1997 the Company had minimal operations and was seeking funding for operations and companies to which it could merge or acquire. In March of 1998 the Company began operations again in California. From 1998 through 2000, the business produced and sold CD- ROMS for conference events, advertisement sales on the CD's, database management and event marketing all associated with conference events. From 2000 through March of 2003, the business consisted solely of database management. From 2003 through April 2005, the business operations were derived totally from the Company's wholly owned business, IP Service, ApS, a Danish IP security vulnerability company ("IP Service"). Since then, business operations have been solely derived from real estate rentals in Denmark through its wholly owned subsidiary.

Lines of Business:

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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

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 principle that an entity should recognize revenue 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 guidance 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 fulfill a contract. This guidance became effective for the Company beginning on July 1, 2018, and entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. We adopted this standard using the modified retrospective approach on July 1, 2018.

In preparation for adoption of the standard, we have implemented internal controls and completed our impact assessment of implementing this guidance. We have evaluated each of the five steps in Topic 606, which are as follows: 1) identify the contract with the customer; 2) identify the performance obligations in the contract; 3) determine the transaction price; 4) allocate the transaction price to the performance obligations; and 5) recognize revenue when (or as) performance obligations are satisfied.

Revenue was not affected materially in any period due to the adoption of ASC Topic 606 because: (1) we identified similar performance obligations under ASC Topic 606 as compared with deliverables and separate units of account previously identified; our performance obligation is to provide the land; (2) we determined the transaction price to be consistent; the lease agreement with the customer specifies the transaction price; and (3) we recorded revenue at the same point in time, upon delivery under both ASC Topic 605 and ASC Topic 606, as applicable under the terms of the contract with the customer. Additionally, the accounting for fulfillment costs or costs incurred to obtain a contract were not affected materially in any period due to the adoption of Topic 606.

There are also certain considerations related to accounting policies, business processes and internal control over financial reporting that are associated with implementing Topic 606. We have evaluated our policies, processes, and control framework for revenue recognition, and identified and implemented the changes needed in response to the new guidance.

Lastly, disclosure requirements under the new guidance in Topic 606 have been significantly expanded in comparison to the disclosure requirements under the current guidance, including disclosures related to disaggregation of revenue into appropriate categories, performance obligations, the judgments made in revenue recognition determinations, adjustments to revenue which relate to activities from previous quarters or years, any significant reversals of revenue, and costs to obtain or fulfill contracts. We have designed and implemented the appropriate controls over gathering and reporting the information as required under Topic 606, in order to support the expanded disclosure requirements.

The Company's source of revenue is from the Commercial 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 is recognized at cost. Land is carried at cost less accumulated impairment losses.

Foreign currency translation:

Foreign currency transactions are translated applying the current rate method. Assets and liabilities are translated at current rates. Stockholders' equity accounts are translated 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 at the balance sheet date, are recognized in the income statement.

Income Taxes:

The Company accounts for income taxes under the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is 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 recognized equal to the tax benefit of net operating losses generated.

Earnings per Share:

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of June 30, 2019 and June 30, 2018 there were 10,000 and 10,000, respectively potential dilutive shares and because of the net income, the effect of these potential common shares is dilutive for the period ended June 30, 2019 and June 30, 2018.

Cash and Cash Equivalents:

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

The Company maintains its cash in bank deposit accounts which, at June 30, 2019 did not exceed federally insured limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on such amounts.

Estimates:

The preparation of the condensed consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated 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 subject the Company to major credit risk consist principally of a single subsidiary of Anton Nielsen Vojens ApS.

Recently Issued Accounting Standards

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. Topic606 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 guidance becameeffective for the Company beginning on July 1, 2018, and entities have the option of using either a full retrospective or a modifiedretrospective approach for the adoption of the new standard. We adopted this standard using the modified retrospective approachon July 1, 2018. See detail above in Note 2.

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 for both parties to a contract (i.e. lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either financing or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The standard is effective on January 1, 2019, however early adoption is permitted. The Company is in the process of evaluating the impact of this new guidance.

Other recent accounting pronouncements issued by 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

12 Months Ended

Jun. 30, 2019

Revenue

NOTE 3 - REVENUE

NOTE 3 - REVENUE:

The Company's subsidiary, Anton Nielsen Vojens, ApS has sales to one customer who is a non related party. For the period ending June 30, 2019 and June 30, 2018 the major customer concentrations were as follows:

	Percent of Sales for the Period ending June 30,
Customer	2019			2018
Circle K Denmark A/S, Formerly Statoil A/S		100	%	100	%
		-		-

Total Sales from Major Customers		100	%	100	%

LAND

12 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

NOTE 4 - LAND

NOTE 4 - LAND:

The Land owned by the Company's wholly owned subsidiary constitutes the largest asset of the Company. During the period ending June 30, 2019 the Company recorded an decrease in the carrying value of the Land of $17,491, due to the currency translation difference. The carrying value of the Land of the Company was as follows:

	Carrying Value of Land at June 30,
	2019		2018

US Dollars	$	615,220	$	632,712

RELATED PARTY TRANSACTIONS

12 Months Ended

Jun. 30, 2019

NOTE 5 - RELATED PARTY TRANSACTIONS

NOTE 5 - 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, and payable upon demand, however, the Company did not expect to make payment within one year. During the year ended of June 30, 2019, the Company had a balance of $120,753 and was advanced $17,700 and repaid $8,965. During the year ended June 30, 2018, the Company had an ending balance of $112,255 and was advanced $19,255 and repaid $4,006 respectively, from affiliates and officers to meet expenses. The balances were not collateralized, were non-interest bearing and were payable on demand.

NOTES PAYABLE

12 Months Ended

Jun. 30, 2019

Notes Payable [Abstract]

NOTE 6 - NOTES PAYABLE

NOTE 6 - NOTES PAYABLE:

During 2006, the Company issued a promissory note ("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 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. The Note has been extended until July 1, 2020, prior to period end and interest waived through the period ending June 30, 2019. Due to the extension, the note is not in default and therefore not convertible as of June 30, 2019. As of June 30, 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's real estate, with a 5.00% interest rate and 4.5 years left on the term. The balance on the note as of June 30, 2019 was $79,815. During the period ended June 30, 2019, the Company paid $17,317, in principal payments and $4,182 in interest.

The Company's commitments and contingencies are $148,476 for 2019 and $23,020 for the years 2020 through 2025 with a total of $215,533. The commitments and contingencies obligations for the fiscal years ending June 30 are as follows:

Year	Amount
2020	$	148,476
2021		23,020
2022		23,020
2023		21,017
2024		-
2021		-
Total	$	215,533

The amounts stated reflect the Company's commitments in the currencies that those commitments were made and the amounts are an estimate of what the US dollar amount would be if the currency rates did not change going forward.

INCOME TAXES

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

NOTE 7 - INCOME TAXES

NOTE 7 - INCOME TAXES:

As of June 30, 2019, the Company had federal and state net operating loss carryforwards of approximately $20,724,241 of which approximately $928,000 may be utilized to offset future taxable income. Section 382 of the Internal Revenue Code imposes substantial restrictions on the utilization of net operating loss and tax credit carryforwards when a change in ownership occurs. No deferred tax debits have been recorded because it is considered unlikely that they will be realized. The loss carryforwards will expire during the fiscal years ended June 30 as follows:

Year	Amount
2020	$	548,000
2021		351,000
2022		29,000

Total	$	928,000

The overall effective tax rate differs from the federal statutory tax rate of 21% due to operating losses and other deferred assets not providing benefit for income tax purposes.

A reconciliation of income tax expense at the federal statutory rate to income tax expense at the Company's effective rate is as follows at June 30, 2018 and 2019:

	2019			2018
United States Statutory Income tax Rate		21	%		21	%
Increase (Decrease) in rate on income subject to Danish income tax rates		1	%		1	%
Decrease in rate resulting from Non-Deductible expenses		-			-

Income Tax Expense		22	%		22	%

The components of income tax expense (benefit) from continuing operations for the years ended June 30, 2019 and 2018 consisted of the following:

Current Tax Expense	2019		2018
Danish Income Tax Expense (Benefit)	$	6,881	$	7,201
Federal US Income Tax Expense (Benefit)
Current		-		-
Deferred		-		-
Total Income Tax Expense	$	6,881	$	7,201

Deferred income tax expense/(benefit) results primarily from the reversal of temporary timing differences between tax and financial statement income.

The Company had deferred tax income tax assets as of June 30, 2019 and 2018 as follows:

	2019			2018
Net operating loss carryforwards	$	4,352,091		$	4,353,794

Valuation allowance		(4,352,091	)		(4,353,794	)
Total net deferred tax assets	$	-		$	-

The Company has maintained a full valuation allowance against the total deferred tax assets for all period due to the uncertainty of future utilization.

SHAREHOLDERS' EQUITY

12 Months Ended

Jun. 30, 2019

Equity [Abstract]

NOTE 8 - SHAREHOLDERS' EQUITY

NOTE 8 - SHAREHOLDERS' EQUITY:

Common Stock:

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

Preferred Stock:

The Company is authorized to issue 10,000,000 shares 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 such series. 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 includes one warrant to purchase two common shares for $5.00. The warrants are exercisable over a three-year period. In the event of the liquidation of the Company, holders of Series 2 preferred stock would be entitled to receive $5.00 per share, plus any unpaid dividends declared 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 June 30, 2019 and 2018, there are 5,000 shares issued, which are convertible into 2 common shares. There are no warrants outstanding that have been issued in connection with these preferred shares.

Series 3 Convertible Preferred Stock:

The Company has designated 1,670,000 shares of 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 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. There are zero shares issued and outstanding at June 30, 2019 and 2018.

Series 5 Convertible Preferred Stock:

The Company has designated 1 share of series 5 convertible preferred stock, no par value. There is 1 Series 5 Convertible Preferred shares designated. 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. There are zero shares issued and outstanding at June 30, 2019 and 2018.

SUBSEQUENT EVENTS

12 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

NOTE 9 - SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS:

In accordance with ASC 855-10, Company management reviewed all material events through the date of this report. There are no material subsequent events to report.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 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 principle that an entity should recognize revenue 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 guidance 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 fulfill a contract. This guidance became effective for the Company beginning on July 1, 2018, and entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. We adopted this standard using the modified retrospective approach on July 1, 2018. In preparation for adoption of the standard, we have implemented internal controls and completed our impact assessment of implementing this guidance. We have evaluated each of the five steps in Topic 606, which are as follows: 1) identify the contract with the customer; 2) identify the performance obligations in the contract; 3) determine the transaction price; 4) allocate the transaction price to the performance obligations; and 5) recognize revenue when (or as) performance obligations are satisfied. Revenue was not affected materially in any period due to the adoption of ASC Topic 606 because: (1) we identified similar performance obligations under ASC Topic 606 as compared with deliverables and separate units of account previously identified; our performance obligation is to provide the land; (2) we determined the transaction price to be consistent; the lease agreement with the customer specifies the transaction price; and (3) we recorded revenue at the same point in time, upon delivery under both ASC Topic 605 and ASC Topic 606, as applicable under the terms of the contract with the customer. Additionally, the accounting for fulfillment costs or costs incurred to obtain a contract were not affected materially in any period due to the adoption of Topic 606. There are also certain considerations related to accounting policies, business processes and internal control over financial reporting that are associated with implementing Topic 606. We have evaluated our policies, processes, and control framework for revenue recognition, and identified and implemented the changes needed in response to the new guidance. Lastly, disclosure requirements under the new guidance in Topic 606 have been significantly expanded in comparison to the disclosure requirements under the current guidance, including disclosures related to disaggregation of revenue into appropriate categories, performance obligations, the judgments made in revenue recognition determinations, adjustments to revenue which relate to activities from previous quarters or years, any significant reversals of revenue, and costs to obtain or fulfill contracts. We have designed and implemented the appropriate controls over gathering and reporting the information as required under Topic 606, in order to support the expanded disclosure requirements. The Company's source of revenue is from the Commercial 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 is recognized at cost. Land is carried at cost less accumulated impairment losses.
Foreign currency translation	Foreign currency translation: Foreign currency transactions are translated applying the current rate method. Assets and liabilities are translated at current rates. Stockholders' equity accounts are translated 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 at the balance sheet date, are recognized in the income statement.
Income Taxes	Income Taxes: The Company accounts for income taxes under the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is 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 recognized equal to the tax benefit of net operating losses generated.
Earnings per Share	Earnings per Share: Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of June 30, 2019 and June 30, 2018 there were 10,000 and 10,000, respectively potential dilutive shares and because of the net income, the effect of these potential common shares is dilutive for the period ended June 30, 2019 and June 30, 2018.
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 three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts which, at June 30, 2019 did not exceed federally insured limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on such amounts.
Estimates	Estimates: The preparation of the condensed consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated 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 subject the 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 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. Topic606 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 guidance becameeffective for the Company beginning on July 1, 2018, and entities have the option of using either a full retrospective or a modifiedretrospective approach for the adoption of the new standard. We adopted this standard using the modified retrospective approachon July 1, 2018. See detail above in Note 2. 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 for both parties to a contract (i.e. lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either financing or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The standard is effective on January 1, 2019, however early adoption is permitted. The Company is in the process of evaluating the impact of this new guidance. Other recent accounting pronouncements issued by 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)

12 Months Ended

Jun. 30, 2019

Revenue

Schedules of major customer concentrations

For the period ending June 30, 2019 and June 30, 2018 the major customer concentrations were as follows:

	Percent of Sales for the Period ending June 30,
Customer	2019			2018
Circle K Denmark A/S, Formerly Statoil A/S		100	%	100	%
		-		-

Total Sales from Major Customers		100	%	100	%

LAND (Tables)

12 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Schedule of value of land

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

	Carrying Value of Land at June 30,
	2019		2018

US Dollars	$	615,220	$	632,712

NOTES PAYABLE (Tables)

12 Months Ended

Jun. 30, 2019

Notes Payable [Abstract]

Schedule of commitments and contingencies obligations

The commitments and contingencies obligations for the fiscal years ending June 30 are as follows:

Year	Amount
2020	$	148,476
2021		23,020
2022		23,020
2023		21,017
2024		-
2021		-
Total	$	215,533

INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2019

Income Taxes Tables Abstract

Summary of operating loss carryforwards

The loss carryforwards will expire during the fiscal years ended June 30 as follows:

Year	Amount
2020	$	548,000
2021		351,000
2022		29,000

Total	$	928,000

Summary of reconciliation of income tax expense rate

A reconciliation of income tax expense at the federal statutory rate to income tax expense at the Company's effective rate is as follows at June 30, 2018 and 2019:

	2019			2018
United States Statutory Income tax Rate		21	%		21	%
Increase (Decrease) in rate on income subject to Danish income tax rates		1	%		1	%
Decrease in rate resulting from Non-Deductible expenses		-			-

Income Tax Expense		22	%		22	%

Summary of components of income tax expense

The components of income tax expense (benefit) from continuing operations for the years ended June 30, 2019 and 2018 consisted of the following:

Current Tax Expense	2019		2018
Danish Income Tax Expense (Benefit)	$	6,881	$	7,201
Federal US Income Tax Expense (Benefit)
Current		-		-
Deferred		-		-
Total Income Tax Expense	$	6,881	$	7,201

Summary of deferred tax income tax assets

The Company had deferred tax income tax assets as of June 30, 2019 and 2018 as follows:

	2019			2018
Net operating loss carryforwards	$	4,352,091		$	4,353,794

Valuation allowance		(4,352,091	)		(4,353,794	)
Total net deferred tax assets	$	-		$	-

ORGANIZATION AND LINE OF BUSINESS (Details Narrative)	12 Months Ended
ORGANIZATION AND LINE OF BUSINESS (Details Narrative)	Jun. 30, 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	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Accounting Policies [Abstract]
Potential dilutive shares	10,000	10,000

REVENUE (Details)	12 Months Ended
REVENUE (Details)	Jun. 30, 2019	Jun. 30, 2018
Total sales from major customers	100.00%	100.00%
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 ($)	Jun. 30, 2019	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
US Dollars	$ 615,220	$ 632,712

LAND (Details Narrative)	12 Months Ended
LAND (Details Narrative)	Jun. 30, 2019 USD ($)
Property, Plant and Equipment [Abstract]
Increase in carrying value of land	$ 17,491

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Advances From a Related Party	$ 120,753	$ 112,255
Expenses Paid on behalf of a related party	17,700	19,255
Affiliates And Officers [Member]
Advances From a Related Party	120,753	112,255
Expenses Paid on behalf of a related party	17,700	19,255
Repayment of related party	$ 8,965	$ 4,006

NOTES PAYABLE (Details)	Jun. 30, 2019 USD ($)
Notes Payable [Abstract]
2020	$ 148,476
2021	23,020
2022	23,020
2023	21,017
2024
2021
Total	$ 215,533

NOTES PAYABLE (Details Narrative) - USD ($)	12 Months Ended
NOTES PAYABLE (Details Narrative) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Notes Payable	$ 127,029	$ 127,029
2020 through 2025
Total payment due	215,533
Commitments and contingencies [Member]
2019	148,476
2020 through 2025	23,020
Total payment due	215,533
Borkwood Development Ltd [Member]
Notes Payable	$ 650,000
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	$ 79,815
Principal payments	17,317
Interest payments	4,182
Note B [Member] \| Danish Krone [Member]
Notes Payable	$ 1,132,000
Interest rate on notes payable	5.00%
Notes payable description	4.5 years left on the term.

INCOME TAXES (Details)	Jun. 30, 2019 USD ($)
Operating loss carryforwards	$ 928,000
Two Thousand Twenty [Member]
Operating loss carryforwards	548,000
Two Thousand Twenty One [Member]
Operating loss carryforwards	351,000
Two Thousand Twenty Two [Member]
Operating loss carryforwards	$ 29,000

INCOME TAXES (Details 1)	12 Months Ended
INCOME TAXES (Details 1)	Jun. 30, 2019	Jun. 30, 2018
Income Taxes Details 1Abstract
United States Statutory Income tax Rate	21.00%	21.00%
Increase (Decrease) in rate on income subject to Danish income tax rates	1.00%	1.00%
Decrease in rate resulting from Non-Deductible expenses
Income Tax Expense	22.00%	22.00%

INCOME TAXES (Details 2) - USD ($)	12 Months Ended
INCOME TAXES (Details 2) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Current Tax Expense
Danish Income Tax Expense (Benefit)	$ 6,881	$ 7,201
Federal US Income Tax Expense (Benefit)
Current
Deferred
Total Income Tax Expense	$ 6,881	$ 7,201

INCOME TAXES (Details 3) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Income Taxes Details 2Abstract
Net operating loss carryforwards	$ 4,352,091	$ 4,353,794
Valuation allowance	(4,352,091)	(4,353,794)
Total net deferred tax assets

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
INCOME TAXES (Details Narrative) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Income Taxes (Textual)
Federal and state net operating loss carryforwards	$ 20,724,241
Offset future taxable income	$ 928,000
Federal statutory tax rate	21.00%	21.00%

SHAREHOLDERS' EQUITY (Details Narrative) - $ / shares	1 Months Ended	12 Months Ended
SHAREHOLDERS' EQUITY (Details Narrative) - $ / shares	Nov. 30, 1997	Jun. 30, 2019	Jun. 30, 2018	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		2,292,945	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
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