Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Details Narrative)

v3.19.1
Subsequent Events (Details Narrative)
3 Months Ended 9 Months Ended
May 14, 2019
USD ($)
$ / shares
shares
May 14, 2019
AUD ($)
shares
Apr. 02, 2019
USD ($)
$ / shares
shares
Mar. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Sep. 30, 2018
USD ($)
$ / shares
shares
Mar. 31, 2019
USD ($)
$ / shares
Mar. 31, 2018
USD ($)
Debt conversion shares | shares       70,336,685 63,842,216 129,142,548    
Debt conversion price per share       $ 0.0084 $ 0.02   $ 0.0084  
Debt conversion price per share, minimum       0.0069 0.008 $ 0.002 0.01  
Debt conversion price per share, maximum       $ 0.011 $ 0.04 $ 0.04 $ 0.04  
Debt conversion amount | $       $ 583,331 $ 1,095,100 $ 1,413,317    
Proceeds from issuance of common stock | $             $ 1,031,979
Stock price       $ 0.0107     $ 0.0107  
Subsequent Event [Member]                
Debt conversion shares | shares     27,586,579          
Debt conversion price per share     $ 0.00044          
Debt conversion price per share, minimum     0.0048          
Debt conversion price per share, maximum     $ 0.006          
Debt conversion amount | $     $ 145,732          
Number of common stock shares issued | shares     8,000,000          
common stock, average price per share     $ 0.0085          
Proceeds from issuance of common stock | $     $ 28,970          
Subsequent Event [Member] | 2019 Equity Incentive Plan [Member]                
Number of shares reserved for future issuance | shares 11,700,000              
Subsequent Event [Member] | Put Notices [Member]                
Proceeds from issuance of common stock | $     $ 28,175          
Subsequent Event [Member] | Employment Agreement [Member] | Mr. Nathanielsz [Member]                
Agreement term 3 years 3 years            
Agreement renewal term 1 year 1 year            
Option purchase shares | shares 19,500,000 19,500,000            
Excercise price $ 0.00935              
Market price 110.00% 110.00%            
Granted exercise price $ 0.0085              
Option term 10 years 10 years            
Options vested, description The Nathanielsz Options have a term of 10 years from the date of grant. 1/3rd of the Nathanielsz Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Mr. Nathanielsz is employed by the Company and subject to the other provisions of the Employment Agreement. The Initial Nathanielsz RSUs shall vest on the one-year anniversary of the Effective Date, subject to Mr. Nathanielsz's continued employment with the Company through such vesting date. The Additional Nathanielsz RSUs will vest as follows, subject to Mr. Nathanielsz's continued employment with the Company through the applicable vesting date: (i) 3,900,000 of the Additional Nathanielsz RSUs shall vest upon the Company submitting Clinical Trial Application (the "CTA") for PRP, the Company's lead product candidate ("PRP"), for a First-In-Human study for PRP (the "Study") in an applicable jurisdiction to be selected by the Company, (ii) 3,900,000 of the Additional Nathanielsz RSUs shall vest upon the CTA being approved in an applicable jurisdiction, (iii) 3,900,000 of the Additional RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iv) 3,900,000 of the Additional Nathanielsz RSUs shall vest upon the shares of the Company's Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (v) the remaining 3,900,000 of the Additional Nathanielsz RSUs shall vest upon the Company enrolling its first patient in the Study. Each vested restricted stock unit shall be settled by delivery to Mr. Nathanielsz of one share of the Company's common stock and/or the fair market value of one share of common stock in cash, at the sole discretion of the Company's board of directors and subject to the 2019 Plan, on the first to occur of: (i) the date of a Change of Control (as defined in the Employment Agreement), (ii) the date that is ten business days following the vesting of such restricted stock unit, (iii) the date of Mr. Nathanielsz's death or Disability (as defined in the Employment Agreement), and (iv) Mr. Nathanielsz's employment being terminated either by the Company without Cause or by Mr. Nathanielsz for Good Reason (each as defined in the Employment Agreement). In the event of a Change of Control, any unvested portion of the Nathanielsz Options and such restricted stock units shall vest immediately prior to such event. The Nathanielsz Options have a term of 10 years from the date of grant. 1/3rd of the Nathanielsz Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Mr. Nathanielsz is employed by the Company and subject to the other provisions of the Employment Agreement. The Initial Nathanielsz RSUs shall vest on the one-year anniversary of the Effective Date, subject to Mr. Nathanielsz's continued employment with the Company through such vesting date. The Additional Nathanielsz RSUs will vest as follows, subject to Mr. Nathanielsz's continued employment with the Company through the applicable vesting date: (i) 3,900,000 of the Additional Nathanielsz RSUs shall vest upon the Company submitting Clinical Trial Application (the "CTA") for PRP, the Company's lead product candidate ("PRP"), for a First-In-Human study for PRP (the "Study") in an applicable jurisdiction to be selected by the Company, (ii) 3,900,000 of the Additional Nathanielsz RSUs shall vest upon the CTA being approved in an applicable jurisdiction, (iii) 3,900,000 of the Additional RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iv) 3,900,000 of the Additional Nathanielsz RSUs shall vest upon the shares of the Company's Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (v) the remaining 3,900,000 of the Additional Nathanielsz RSUs shall vest upon the Company enrolling its first patient in the Study. Each vested restricted stock unit shall be settled by delivery to Mr. Nathanielsz of one share of the Company's common stock and/or the fair market value of one share of common stock in cash, at the sole discretion of the Company's board of directors and subject to the 2019 Plan, on the first to occur of: (i) the date of a Change of Control (as defined in the Employment Agreement), (ii) the date that is ten business days following the vesting of such restricted stock unit, (iii) the date of Mr. Nathanielsz's death or Disability (as defined in the Employment Agreement), and (iv) Mr. Nathanielsz's employment being terminated either by the Company without Cause or by Mr. Nathanielsz for Good Reason (each as defined in the Employment Agreement). In the event of a Change of Control, any unvested portion of the Nathanielsz Options and such restricted stock units shall vest immediately prior to such event.            
Gross proceeds from equity financing | $ $ 4,000,000              
Number of stock option value issued | shares 19,500,000              
Stock price $ 0.0085              
Exercise price $ 0.0093              
Dividend yield 0.00% 0.00%            
Years to maturity 10 years 10 years            
Risk free rate 2.42% 2.42%            
Expected volatility 268.00% 268.00%            
Restricted stock value | $ $ 165,747              
Subsequent Event [Member] | Employment Agreement [Member] | Mr. Nathanielsz [Member] | AUD Currency [Member]                
Annual salary | $   $ 400,000            
Subsequent Event [Member] | Employment Agreement [Member] | Mr. Nathanielsz [Member] | Restricted Stock [Member]                
Option purchase shares | shares 19,500,000 19,500,000            
Subsequent Event [Member] | Employment Agreement [Member] | Mr. Nathanielsz [Member] | Restricted Stock Units (RSUs) [Member]                
Number of common stock shares issued | shares 39,000,000 39,000,000            
common stock, average price per share $ 0.0085              
Quoted trading price on the date of grant | $ $ 331,500              
Subsequent Event [Member] | Employment Agreement [Member] | Dr. Kenyon [Member]                
Agreement term 3 years 3 years            
Agreement renewal term 1 year 1 year            
Option purchase shares | shares 9,750,000 9,750,000            
Excercise price $ 0.0085              
Market price 100.00% 100.00%            
Options vested, description The Kenyon Options have a term of 10 years from the date of grant. 1/3rd of the Kenyon Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Dr. Kenyon is employed by the Company and subject to the other provisions of the Services Agreement. The Initial Kenyon RSUs shall vest on the one-year anniversary of the Effective Date, subject to Dr. Kenyon's continued employment with the Company through such vesting date. The Additional Kenyon RSUs will vest as follows, subject to Dr. Kenyon's continued employment with the Company through the applicable vesting date: (i) 2,437,500 of the Additional Kenyon RSUs shall vest upon the Company submitting the CTA for PRP for the Study in an applicable jurisdiction to be selected by the Company, (ii) 2,437,500 of the Additional Kenyon RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iii) 2,437,500 of the Additional Kenyon RSUs shall vest upon the shares of the Company's Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (iv) the remaining 2,437,500 of the Additional Kenyon RSUs shall vest upon the Company enrolling its first patient in the Study. Each vested Kenyon RSU shall be settled by delivery to Mr. Kenyon of one share of the Company's common stock and/or the fair market value of one share of common stock in cash, at the sole discretion of the Company's board of directors and subject to the Plan, on the first to occur of: (i) the date of a Change of Control (as defined in the Services Agreement), (ii) the date that is ten business days following the vesting of such Kenyon RSU, (iii) the date of Dr. Kenyon's death or Disability (as defined in the Services Agreement), and (iv) Dr. Kenyon's employment being terminated either by the Company without Cause or by Dr. Kenyon for Good Reason (as defined in the Services Agreement). In the event of a Change of Control (as defined in the Services Agreement), 50% of any unvested portion of the Kenyon Options and the Kenyon RSUs shall vest immediately prior to such event. The Kenyon Options have a term of 10 years from the date of grant. 1/3rd of the Kenyon Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Dr. Kenyon is employed by the Company and subject to the other provisions of the Services Agreement. The Initial Kenyon RSUs shall vest on the one-year anniversary of the Effective Date, subject to Dr. Kenyon's continued employment with the Company through such vesting date. The Additional Kenyon RSUs will vest as follows, subject to Dr. Kenyon's continued employment with the Company through the applicable vesting date: (i) 2,437,500 of the Additional Kenyon RSUs shall vest upon the Company submitting the CTA for PRP for the Study in an applicable jurisdiction to be selected by the Company, (ii) 2,437,500 of the Additional Kenyon RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iii) 2,437,500 of the Additional Kenyon RSUs shall vest upon the shares of the Company's Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (iv) the remaining 2,437,500 of the Additional Kenyon RSUs shall vest upon the Company enrolling its first patient in the Study. Each vested Kenyon RSU shall be settled by delivery to Mr. Kenyon of one share of the Company's common stock and/or the fair market value of one share of common stock in cash, at the sole discretion of the Company's board of directors and subject to the Plan, on the first to occur of: (i) the date of a Change of Control (as defined in the Services Agreement), (ii) the date that is ten business days following the vesting of such Kenyon RSU, (iii) the date of Dr. Kenyon's death or Disability (as defined in the Services Agreement), and (iv) Dr. Kenyon's employment being terminated either by the Company without Cause or by Dr. Kenyon for Good Reason (as defined in the Services Agreement). In the event of a Change of Control (as defined in the Services Agreement), 50% of any unvested portion of the Kenyon Options and the Kenyon RSUs shall vest immediately prior to such event.            
Number of stock option value issued | shares 9,750,000              
Stock price $ 0.0085              
Exercise price $ 0.0085              
Dividend yield 0.00% 0.00%            
Years to maturity 10 years 10 years            
Risk free rate 2.42% 2.42%            
Expected volatility 268.00% 268.00%            
Restricted stock value | $ $ 82,873              
Subsequent Event [Member] | Employment Agreement [Member] | Dr. Kenyon [Member] | AUD Currency [Member]                
Annual salary | $   $ 54,000            
Subsequent Event [Member] | Employment Agreement [Member] | Dr. Kenyon [Member] | Restricted Stock [Member]                
Option purchase shares | shares 9,750,000 9,750,000            
Subsequent Event [Member] | Employment Agreement [Member] | Dr. Kenyon [Member] | Restricted Stock Units (RSUs) [Member]                
Number of common stock shares issued | shares 19,500,000 19,500,000            
common stock, average price per share $ 0.0085              
Quoted trading price on the date of grant | $ $ 165,750              
Subsequent Event [Member] | Additional [Member] | Mr. Nathanielsz [Member]                
RSUs vest, shares | shares 3,900,000 3,900,000            
Subsequent Event [Member] | Additional [Member] | Mr. Nathanielsz [Member] | Restricted Stock [Member]                
Option purchase shares | shares 19,500,000 19,500,000            
Subsequent Event [Member] | Additional [Member] | Dr. Kenyon [Member]                
RSUs vest, shares | shares 2,437,500 2,437,500            
Gross proceeds from equity financing | $ $ 4,000,000              
Subsequent Event [Member] | Additional [Member] | Dr. Kenyon [Member] | Restricted Stock [Member]                
Option purchase shares | shares 9,750,000 9,750,000