General form of registration statement for all companies including face-amount certificate companies

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 12 Months Ended
Mar. 31, 2019
Jun. 30, 2018
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  

As of June 30, 2018 and June 30, 2017, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

 

    June 30, 2018     June 30, 2017  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.7399       0.7676  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.7753       0.7544  

Schedule of Changes 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  

Changes in Accumulated Other Comprehensive Income (Loss) by component during the years ended June 30, 2018 and 2017 were as follows:

 

    Foreign 
Currency Items:
 
Beginning balance, June 30, 2016   $ 131,264  
Foreign currency translation gain     (273,013 )
Balance, June 30, 2017     (141,749 )
Foreign currency translation loss     499,678  
Ending balance, June 30, 2018   $ 357,929