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

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Jun. 30, 2018
Jun. 30, 2017
CURRENT ASSETS:      
Cash $ 107,210 $ 19,921 $ 69,043
GST tax receivable 4,379 6,257 8,111
Prepaid expenses and other current assets 137,013 34,712 4,822
TOTAL CURRENT ASSETS 248,602 60,890 81,976
Security deposit - related party 2,131 2,220 2,303
Property and equipment, net 9,183 8,277 10,790
TOTAL ASSETS 259,916 71,387 95,069
CURRENT LIABILITIES:      
Accounts payable 854,954 1,157,369 483,513
Accrued expenses and other payables 334,706 364,404 477,347
Convertible notes and related accrued interest, net of discounts and premiums 2,067,717 4,699,299 3,479,845
Loans payable   2,303
Embedded conversion option liabilities 11,097 371,532 877,403
Warrant derivative liability   3,769
Due to directors - related parties 31,587 32,898 35,204
Loans from directors and officer - related parties 52,570 54,753 56,802
Employee benefit liability 320,308 143,052 120,634
TOTAL CURRENT LIABILITIES 3,672,939 6,823,307 5,536,820
Commitments and Contingencies
STOCKHOLDERS' DEFICIT:      
Common stock value 385,213 46,429 4,578
Additional paid-in capital 44,805,892 38,167,877 32,980,420
Accumulated other comprehensive income (loss) 876,857 357,929 (141,749)
Accumulated deficit (49,439,508) (45,282,678) (38,243,523)
Treasury stock (46,477) (46,477) (46,477)
TOTAL STOCKHOLDERS' DEFICIT (3,413,023) (6,751,920) (5,441,751)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 259,916 71,387 95,069
Series A Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT:      
Preferred stock, 1,500,005 shares authorized, $0.01 par value: 5,000 5,000 5,000
Series B Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT:      
Preferred stock, 1,500,005 shares authorized, $0.01 par value: