Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3.a.u2
Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)
6 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Translation Exchange Rates

As of December 31, 2019 and June 30, 2019, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

 

    December 31, 2019     June 30, 2019  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.7030       0.7153  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.6847       0.7009  

Schedule of Change in Accumulated Other Comprehensive Income (Loss)

Change in Accumulated Other Comprehensive Income (Loss) by component during the six months ended December 31, 2019 was as follows:

 

    Foreign
Currency Items:
 
Beginning balance, June 30, 2019   $ 1,066,998  
Foreign currency translation loss     (65,807 )
Ending balance, December 31, 2019   $ 1,001,191