Quarterly report pursuant to Section 13 or 15(d)

Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)

v3.19.1
Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)
9 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Schedule of Translation Exchange Rates

As of March 31, 2019 and June 30, 2018, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

 

    March 31, 2019     June 30, 2018  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.7104       0.7399  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.7203       0.7753  

Schedule of Change in Accumulated Other Comprehensive Income (Loss)

Change in Accumulated Other Comprehensive Income (Loss) by component during the nine months ended March 31, 2019 was as follows:

 

    Foreign
Currency Items:
 
Beginning balance, June 30, 2018   $ 357,929  
Foreign currency translation gain     518,928  
Ending balance, March 31, 2019   $ 876,857