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

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.19.3.a.u2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE        
Revenue
OPERATING EXPENSES        
Administration expenses 833,414 384,600 2,326,350 2,103,684
Occupancy expenses 10,632 8,078 28,062 30,521
Research and development 65,372 56,193 260,335 1,825,728
TOTAL OPERATING EXPENSES 909,418 448,871 2,614,747 3,959,933
LOSS FROM OPERATIONS (909,418) (448,871) (2,614,747) (3,959,933)
OTHER INCOME (EXPENSE)        
Interest expense (675,225) (624,538) (1,314,539) (2,789,196)
Interest income 3 4 31 87
Change in fair value of derivative liabilities 518,956 (1,971,116) (2,472,146) (7,612)
Gain (loss) on debt settlements, net 14,421 14,101 (18,585)
Gain on extinguishment of debt, net 1,185,871 1,204,242 251,392
Foreign currency transaction loss (535,150) (280,707) (690,748) (694,614)
TOTAL OTHER (EXPENSE) (691,416) (1,676,065) (3,259,059) (3,258,528)
LOSS BEFORE TAXES (1,600,834) (2,124,936) (5,873,806) (7,218,461)
TAX BENEFIT 108,894 115,437 179,306
NET LOSS $ (1,491,940) $ (2,124,936) $ (5,758,369) $ (7,039,155)
BASIC AND DILUTED NET LOSS PER SHARE $ (1.41) $ (10.00) $ (10.97) $ (178.75)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 1,054,433 224,965 524,939 39,381
NET LOSS $ (1,491,940) $ (2,124,936) $ (5,758,369) $ (7,039,155)
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized foreign currency translation gain 563,687 276,216 709,069 499,678
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 563,687 276,216 709,069 499,678
TOTAL COMPREHENSIVE INCOME (LOSS) $ (928,253) $ (1,848,720) $ (5,049,300) $ (6,539,477)