Annual report pursuant to Section 13 and 15(d)

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

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

12 Months Ended

Jun. 30, 2019

As of June 30, 2019 and 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:

	June 30, 2019		June 30, 2018
Exchange rate on balance sheet dates
USD : AUD exchange rate		0.7153		0.7399

Average exchange rate for the period
USD : AUD exchange rate		0.7009		0.7753

Schedule of Change in Accumulated Other Comprehensive Income (Loss)

Change in Accumulated Other Comprehensive Income (Loss) by component during the years ended June 30, 2019 and 2018 was as follows:

	Foreign Currency Items:
Beginning balance, June 30, 2017	$	(141,749	)
Foreign currency translation gain		499,678
Balance, June 30, 2018		357,929
Foreign currency translation gain		709,069
Ending balance, June 30, 2019	$	1,066,998

Schedule of Property and Equipment Estimated Useful Lives

The estimated useful lives are as follows:

Machinery and equipment	- 5 years
Furniture	- 7 years