Organization and Operations	6 Months Ended
Dec. 31, 2016
Note 1 - Organization And Operations
NOTE 1 - ORGANIZATION AND OPERATIONS	Note 1 - Organization and Operations Sweets & Treats, Inc. (“CA Corp”) Sweets & Treats, Inc. (“Predecessor”) was incorporated on April 13, 2011 under the laws of the State of California. The Predecessor is a bakery shop specializing in freshly-made cakes, cupcakes, desserts and special events catering . Atlas Technology International, Inc .(“DE Corp”) Atlas Technology International, Inc .(the “Company”) was incorporated on July 7, 2014 under the laws of the State of Delaware for the sole purpose of acquiring all of the issued and outstanding capital stock of the Predecessor. Upon formation, the Company issued 10,000,000 shares of its common stock to the President of the Company as founder’s shares valued at par value of $0.00001 and recorded as compensation of $100. On July 18, 2014, the Company issued 5,000,000 shares of the newly formed corporation’s common stock to the President of the Predecessor for all of the Predecessor’s issued and outstanding capital stock. No value was given to the common stock issued by the newly formed corporation. Therefore, the shares were recorded to reflect the $0.00001 par value and paid in capital was recorded as a negative amount of ($50). The acquisition process utilizes the capital structure of the Company and the assets and liabilities of Predecessor, which are recorded at historical cost. The Company applied paragraph 505-10-S99-3 of the FASB Accounting Standards Codification (formerly Topic 4B of the Staff Accounting Bulletins (“SAB”) (“SAB Topic 4B”) issued by the United States Securities and Exchange Commission (the “SEC”), by reclassifying the Predecessor’s undistributed retained earnings of $942 at July 17, 2014 to additional paid-in capital. The accompanying unaudited consolidated financial statements have been prepared as if the Company had its corporate capital structure as of the date of the incorporation of the Predecessor. On March 11, 2016, the Company entered into certain Spin-Off Agreement with Ms. Aguayo, the majority shareholder, pursuant to which the Shareholder agreed to cancel 14,000,000 pre-split shares of Company's Common stock in exchange for the consummation and execution of the Spin Off agreement and sale of CA Corp. to Ms. Aguayo. The Spin Off agreement was not consummated and replaced by Divestment executed on December 15, 2016. Ms. Aguayo still agreed to cancellation of her shares. On July 5, 2016, Ms. Aguayo, the majority shareholder, owning approximately 76.9% of the total issued and outstanding shares of the Company, entered into two separate Stock Purchase Agreements for the sale of 13,000,000 and 3,000,000 shares of the Company common stock equivalent to her complete ownership of the Company with Ying-Chien Lin and Lynx Consulting Group Ltd (“LCG”), respectively. Pursuant to the execution of the Stock Purchase Agreements, Mr. Lin and LCG owned approximately 62.5% and 14.4% of the total voting rights of the Company, respectively. On July 19, 2016, the Company filed with the Secretary of State of Delaware, amending its Articles of Incorporation by changing the name of the Company to “Atlas Technology International, Inc.” On August 23, 2016, the Company filed with the Secretary of State of Delaware an Amended and Restated Certificate of Incorporation in which the Company confirmed its name change to Atlas Technology International, Inc. and set forth therein the designations for the Series A, B and C Preferred Stock. Atlas Tech Trading Limited (“HK Corp”) Atlas Tech Trading Limited, a wholly-owned subsidiary of the Company, was incorporated on August 18, 2016 under the laws of Hong Kong for the purpose of facilitating business executed in Eastern Asia. 10,000,000 shares of capital stock of the HK Corp were authorized and issued exclusively in exchange for the investment and incorporation of the HK Corp by the DE Corp. The HK Corp focuses on the touchscreen business. The Company designs the touchscreens, sources manufacturers for the production of the designed touchscreens, inspects the quality of the products manufactured by the manufacturers, purchases the qualified finished-goods and then sells and delivers the touchscreens to their corporate clients. Fiscal Year On August 10, 2016, the Company changed its fiscal year end from July 31 to June 30. As a result of this change, our fiscal year 2016 was an 11-month transition period ending on June 30, 2016. We reported our quarterly results in our Quarterly Reports on Form 10-Q based on our new fiscal calendar. Accordingly, we reported the second quarter of fiscal year 2017 as the three and six month period ended December 31, 2016, which included the results of October 2016, the last months of our previously reported first quarter for three month period ended October 31, 2016. Disposal of CA Corp On December 15, 2016, the Company entered into a Divestment Agreement with Ms. Aguayo, the Company’s former Chief Executive Officer, pursuant to which Ms. Aguayo agreed to cancel all amounts due to her by CA Corp in exchange for the acquisition and purchase of all of CA Corp’s business. The transaction was closed on December 15, 2016. The Company determined that disposal of CA Corp, the Predecessor, did not constitute a discontinued operation as it did not represent a strategic shift of the Company’s business.

Organization and Operations

6 Months Ended

Dec. 31, 2016

Note 1 - Organization And Operations

Note 1 - Organization and Operations

Sweets & Treats, Inc. (“CA Corp”)

Sweets & Treats, Inc. (“Predecessor”) was incorporated on April 13, 2011 under the laws of the State of California. The Predecessor is a bakery shop specializing in freshly-made cakes, cupcakes, desserts and special events catering .

Atlas Technology International, Inc .(“DE Corp”)

Atlas Technology International, Inc .(the “Company”) was incorporated on July 7, 2014 under the laws of the State of Delaware for the sole purpose of acquiring all of the issued and outstanding capital stock of the Predecessor. Upon formation, the Company issued 10,000,000 shares of its common stock to the President of the Company as founder’s shares valued at par value of $0.00001 and recorded as compensation of $100.

On July 18, 2014, the Company issued 5,000,000 shares of the newly formed corporation’s common stock to the President of the Predecessor for all of the Predecessor’s issued and outstanding capital stock. No value was given to the common stock issued by the newly formed corporation. Therefore, the shares were recorded to reflect the $0.00001 par value and paid in capital was recorded as a negative amount of ($50). The acquisition process utilizes the capital structure of the Company and the assets and liabilities of Predecessor, which are recorded at historical cost.

The Company applied paragraph 505-10-S99-3 of the FASB Accounting Standards Codification (formerly Topic 4B of the Staff Accounting Bulletins (“SAB”) (“SAB Topic 4B”) issued by the United States Securities and Exchange Commission (the “SEC”), by reclassifying the Predecessor’s undistributed retained earnings of $942 at July 17, 2014 to additional paid-in capital.

The accompanying unaudited consolidated financial statements have been prepared as if the Company had its corporate capital structure as of the date of the incorporation of the Predecessor.

On March 11, 2016, the Company entered into certain Spin-Off Agreement with Ms. Aguayo, the majority shareholder, pursuant to which the Shareholder agreed to cancel 14,000,000 pre-split shares of Company's Common stock in exchange for the consummation and execution of the Spin Off agreement and sale of CA Corp. to Ms. Aguayo. The Spin Off agreement was not consummated and replaced by Divestment executed on December 15, 2016. Ms. Aguayo still agreed to cancellation of her shares.

On July 5, 2016, Ms. Aguayo, the majority shareholder, owning approximately 76.9% of the total issued and outstanding shares of the Company, entered into two separate Stock Purchase Agreements for the sale of 13,000,000 and 3,000,000 shares of the Company common stock equivalent to her complete ownership of the Company with Ying-Chien Lin and Lynx Consulting Group Ltd (“LCG”), respectively. Pursuant to the execution of the Stock Purchase Agreements, Mr. Lin and LCG owned approximately 62.5% and 14.4% of the total voting rights of the Company, respectively.

On July 19, 2016, the Company filed with the Secretary of State of Delaware, amending its Articles of Incorporation by changing the name of the Company to “Atlas Technology International, Inc.”

On August 23, 2016, the Company filed with the Secretary of State of Delaware an Amended and Restated Certificate of Incorporation in which the Company confirmed its name change to Atlas Technology International, Inc. and set forth therein the designations for the Series A, B and C Preferred Stock.

Atlas Tech Trading Limited (“HK Corp”)

Atlas Tech Trading Limited, a wholly-owned subsidiary of the Company, was incorporated on August 18, 2016 under the laws of Hong Kong for the purpose of facilitating business executed in Eastern Asia. 10,000,000 shares of capital stock of the HK Corp were authorized and issued exclusively in exchange for the investment and incorporation of the HK Corp by the DE Corp. The HK Corp focuses on the touchscreen business. The Company designs the touchscreens, sources manufacturers for the production of the designed touchscreens, inspects the quality of the products manufactured by the manufacturers, purchases the qualified finished-goods and then sells and delivers the touchscreens to their corporate clients.

Fiscal Year

On August 10, 2016, the Company changed its fiscal year end from July 31 to June 30. As a result of this change, our fiscal year 2016 was an 11-month transition period ending on June 30, 2016. We reported our quarterly results in our Quarterly Reports on Form 10-Q based on our new fiscal calendar. Accordingly, we reported the second quarter of fiscal year 2017 as the three and six month period ended December 31, 2016, which included the results of October 2016, the last months of our previously reported first quarter for three month period ended October 31, 2016.

Disposal of CA Corp

On December 15, 2016, the Company entered into a Divestment Agreement with Ms. Aguayo, the Company’s former Chief Executive Officer, pursuant to which Ms. Aguayo agreed to cancel all amounts due to her by CA Corp in exchange for the acquisition and purchase of all of CA Corp’s business. The transaction was closed on December 15, 2016. The Company determined that disposal of CA Corp, the Predecessor, did not constitute a discontinued operation as it did not represent a strategic shift of the Company’s business.

Atlas Technology International, Inc. 10-Q