Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Jun. 30, 2018
CURRENT ASSETS:    
Cash $ 107,210 $ 19,921
GST tax receivable 4,379 6,257
Prepaid expenses and other current assets 137,013 34,712
TOTAL CURRENT ASSETS 248,602 60,890
Security deposit - related party 2,131 2,220
Property and equipment, net 9,183 8,277
TOTAL ASSETS 259,916 71,387
CURRENT LIABILITIES:    
Accounts payable 854,954 1,157,369
Accrued expenses and other payables 334,706 364,404
Convertible notes and related accrued interest, net of discounts and premiums 2,067,717 4,699,299
Embedded conversion option liabilities 11,097 371,532
Due to directors - related parties 31,587 32,898
Loans from directors and officer - related parties 52,570 54,753
Employee benefit liability 320,308 143,052
TOTAL CURRENT LIABILITIES 3,672,939 6,823,307
Commitments and Contingencies (See Note 7)
STOCKHOLDERS' DEFICIT:    
Common stock, $0.001 par value; 4,000,000,000 shares authorized; 385,213,469 and 46,429,423 shares issued; 385,188,991 and 46,404,945 outstanding as of March 31, 2019 and June 30, 2018, respectively 385,213 46,429
Additional paid-in capital 44,805,892 38,167,877
Accumulated other comprehensive income 876,857 357,929
Accumulated deficit (49,439,508) (45,282,678)
Treasury stock (24,478 shares) (46,477) (46,477)
TOTAL STOCKHOLDERS' DEFICIT (3,413,023) (6,751,920)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 259,916 71,387
Series A Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock, 1,500,005 shares authorized, $0.01 par value: 5,000 5,000
TOTAL STOCKHOLDERS' DEFICIT 5,000 5,000
Series B Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock, 1,500,005 shares authorized, $0.01 par value:
TOTAL STOCKHOLDERS' DEFICIT