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

Related Party Transactions (Details Narrative)

v3.19.3.a.u2
Related Party Transactions (Details Narrative)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
May 14, 2019
USD ($)
$ / shares
shares
May 14, 2019
AUD ($)
shares
Mar. 14, 2019
USD ($)
Mar. 16, 2018
USD ($)
Mar. 16, 2018
AUD ($)
Feb. 01, 2018
USD ($)
May 05, 2016
USD ($)
Apr. 14, 2016
$ / shares
Feb. 25, 2016
USD ($)
Feb. 25, 2016
AUD ($)
Feb. 25, 2015
AUD ($)
May 31, 2019
shares
Sep. 30, 2019
USD ($)
$ / shares
Sep. 30, 2019
AUD ($)
Mar. 31, 2019
AUD ($)
Jun. 30, 2019
USD ($)
$ / shares
Jun. 30, 2019
AUD ($)
Jun. 30, 2018
USD ($)
$ / shares
Jun. 30, 2018
AUD ($)
Sep. 30, 2019
AUD ($)
Loans from related party                         $ 49,920     $ 51,867   $ 54,753    
Due to related parties                         $ 29,995     $ 31,164   $ 32,898    
Excercise price | $ / shares                                    
Restricted stock shares of common stock | shares                       78,000                
Stock price | $ / shares                         $ 0.81     $ 6.00        
Chief Executive Officer [Member]                                        
Payments form related party                         $ 61,704     $ 64,377        
Bonus payable amount                               137,120        
Remaining bonus amount                               178,256        
Remaining due and payable                         188,888              
Granted exercise price | $ / shares               $ 3,750                        
Restricted stock shares of common stock | shares                       39,000                
Nathanielsz Employment Agreement [Member]                                        
Expired date                     Feb. 25, 2019                  
Annual salary                         $ 205,680     $ 214,590        
Percentage of pension of monthly salary                         9.50% 9.50%   9.50% 9.50%      
Percentage of bonus of annual base salary                         200.00% 200.00%   200.00% 200.00%      
Nathanielsz Employment Agreement [Member] | Minimum [Member]                                        
Annual salary       $ 205,680                                
Nathanielsz Employment Agreement [Member] | Maximum [Member]                                        
Annual salary       $ 274,240                                
AUD Currency [Member] | Board of Directors [Member]                                        
Payments form related party                                     $ 80,046  
AUD Currency [Member] | Chief Executive Officer [Member]                                        
Payments form related party                           $ 90,000     $ 90,000      
Bonus payable amount                                 200,000      
Remaining bonus amount                                 $ 260,000      
Remaining due and payable                           280,000            
AUD Currency [Member] | Nathanielsz Employment Agreement [Member]                                        
Annual salary                     $ 25,000     300,000   $ 300,000        
AUD Currency [Member] | Nathanielsz Employment Agreement [Member] | Minimum [Member]                                        
Annual salary         $ 300,000                              
AUD Currency [Member] | Nathanielsz Employment Agreement [Member] | Maximum [Member]                                        
Annual salary         400,000                              
Initial Nathanielsz RSUs [Member] | Employment Agreement [Member]                                        
Restricted stock shares of common stock | shares 39,000 39,000                                    
Additional Nathanielsz RSUs [Member] | Employment Agreement [Member]                                        
Restricted stock shares of common stock | shares 39,000 39,000                                    
RSUS vest, shares | shares 7,800 7,800                                    
Gross proceeds from equity financing $ 4,000,000                                      
Restricted Stock Units [Member] | Employment Agreement [Member]                                        
Restricted stock shares of common stock | shares 78,000 78,000                                    
Stock price | $ / shares $ 4.25                                      
Restricted stock value $ 331,500                                      
Fair value of restricted stock $ 165,747                                      
Initial Kenyon RSUs [Member] | Services Agreement [Member]                                        
Restricted stock shares of common stock | shares 19,500 19,500                                    
Additional Kenyon RSUs [Member] | Services Agreement [Member]                                        
Restricted stock shares of common stock | shares 19,500 19,500                                    
RSUS vest, shares | shares 4,875 4,875                                    
Gross proceeds from equity financing $ 4,000,000                                      
North Horizon Pty Ltd [Member]                                        
Lease term             5 years                          
Annual rental payments             $ 28,828                          
Goods and service tax             2,621                          
Future minimum payments due                         $ 70,410     54,291        
North Horizon Pty Ltd [Member] | AUD Currency [Member]                                        
Annual rental payments             42,048                          
Goods and service tax             3,823                          
Future minimum payments due                               75,900       $ 102,699
Current and Former Director [Member]                                        
Loans from related party                         49,920     51,867   $ 54,753    
Former Director [Member]                                        
Due to related parties                         29,995     31,164   $ 32,898    
Nathanielsz [Member] | North Horizon Pty Ltd [Member]                                        
Future minimum payments due             144,142                          
Nathanielsz [Member] | North Horizon Pty Ltd [Member] | AUD Currency [Member]                                        
Future minimum payments due             $ 210,242                          
Mr. Nathanielsz [Member]                                        
Annual salary           $ 85,837                            
Payments form related party                         $ 9,845     38,463        
Mr. Nathanielsz [Member] | AUD Currency [Member]                                        
Annual salary           $ 120,000                            
Payments form related party                           $ 6,749   $ 53,772        
Mr. Nathanielsz [Member] | AUD Currency [Member] | Board of Directors [Member]                                        
Payments form related party                             $ 219,954          
James Nathanielsz [Member]                                        
Payments form related party                 $ 3,205                      
James Nathanielsz [Member] | AUD Currency [Member]                                        
Payments form related party                   $ 4,481                    
Mr. Nathanielsz [Member] | Board of Directors [Member]                                        
Officers' compensation     $ 315,376                                  
Mr. Nathanielsz [Member] | Employment Agreement [Member]                                        
Agreement term 3 years 3 years                                    
Agreement renewal term 1 year 1 year                                    
Option purchase shares | shares 39,000 39,000                                    
Excercise price | $ / shares $ 4.675                                      
Market price 110.00% 110.00%                                    
Granted exercise price | $ / shares $ 4.25                                      
Restricted stock shares of common stock | shares 39,000 39,000                                    
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) 7,800 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) 7,800 of the Additional Nathanielsz RSUs shall vest upon the CTA being approved in an applicable jurisdiction, (iii) 7,800 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) 7,800 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 7,800 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) 7,800 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) 7,800 of the Additional Nathanielsz RSUs shall vest upon the CTA being approved in an applicable jurisdiction, (iii) 7,800 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) 7,800 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 7,800 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.                                    
Stock price | $ / shares $ 4.25                                      
Restricted stock value $ 165,747                                      
Exercise price | $ / shares $ 4.65                                      
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%                                    
Mr. Nathanielsz [Member] | AUD Currency [Member] | Board of Directors [Member]                                        
Officers' compensation     $ 460,000   $ 300,000                              
Mr. Nathanielsz [Member] | AUD Currency [Member] | Employment Agreement [Member]                                        
Annual salary   $ 400,000                                    
Dr Kenyon [Member] | AUD Currency [Member] | Services Agreement [Member]                                        
Annual salary   $ 54,000                                    
Dr Kenyon [Member] | Services Agreement [Member]                                        
Agreement term 3 years 3 years                                    
Agreement renewal term 1 year 1 year                                    
Option purchase shares | shares 19,500 19,500                                    
Excercise price | $ / shares $ 4.25                                      
Market price 100.00% 100.00%                                    
Granted exercise price | $ / shares $ 19,500                                      
Option term 10 years 10 years                                    
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) 4,875 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) 4,875 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) 4,875 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 4,875 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) 4,875 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) 4,875 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) 4,875 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 4,875 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.                                    
Stock price | $ / shares $ 4.25                                      
Restricted stock value $ 82,873                                      
Exercise price | $ / shares $ 4.25                                      
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%                                    
Dr Kenyon [Member] | Restricted Stock [Member] | Services Agreement [Member]                                        
Restricted stock shares of common stock | shares 39,000 39,000                                    
Stock price | $ / shares $ 4.25                                      
Restricted stock value $ 165,750                                      
Fair value of restricted stock $ 82,873