Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v3.19.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
REVENUE        
Revenue
OPERATING EXPENSES        
Administration expenses 511,822 723,992 1,553,016 1,750,840
Occupancy expenses 7,248 8,005 21,775 23,734
Research and development 52,655 75,138 203,625 1,673,606
TOTAL OPERATING EXPENSES 571,725 807,135 1,778,416 3,448,180
LOSS FROM OPERATIONS (571,725) (807,135) (1,778,416) (3,448,180)
OTHER INCOME (EXPENSE)        
Interest expense (189,809) (830,911) (1,309,336) (2,210,097)
Interest income 2 15 29 82
Change in fair value of derivative liabilities 16,666 207,736 (1,914,980) (22,035)
Gain (loss) on debt settlements, net (89) (71,151) 14,200 (34,337)
Gain (loss) on extinguishment of debt, net 38,726 240,301 1,204,242 156,574
Foreign currency transaction gain (loss) 125,099 (230,346) (488,813) (239,498)
TOTAL OTHER INCOME (EXPENSE) (9,405) (684,356) (2,494,658) (2,349,311)
LOSS BEFORE TAXES (581,130) (1,491,491) (4,273,074) (5,797,491)
TAX BENEFIT (726) 485 116,244 180,763
NET LOSS $ (581,856) $ (1,491,006) $ (4,156,830) $ (5,616,728)
BASIC AND DILUTED NET LOSS PER SHARE $ (0.00) $ (0.06) $ (0.02) $ (0.42)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 325,256,274 23,426,370 210,626,088 13,247,004
NET LOSS $ (581,856) $ (1,491,006) $ (4,156,830) $ (5,616,728)
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized foreign currency translation gain (loss) (115,567) 198,634 518,928 28,370
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (115,567) 198,634 518,928 28,370
TOTAL COMPREHENSIVE INCOME (LOSS) $ (697,423) $ (1,292,372) $ (3,637,902) $ (5,588,358)