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

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Jun. 30, 2019
Jun. 30, 2018
CURRENT ASSETS:      
Cash $ 12,022 $ 2,394 $ 19,921
GST tax receivable 2,432 5,439 6,257
Prepaid expenses and other current assets 6,334 83,299 34,712
TOTAL CURRENT ASSETS 20,788 91,132 60,890
Security deposit - related party 2,109 2,103 2,220
Operating lease right-of-use assets, net - related party 35,391
Property and equipment, net 7,137 8,417 8,277
TOTAL ASSETS 65,425 101,652 71,387
CURRENT LIABILITIES:      
Accounts payable 826,853 917,337 1,157,369
Accrued expenses and other payables 590,246 723,042 364,404
Convertible notes and related accrued interest, net of discounts and premiums 2,934,340 1,657,377 4,699,299
Operating lease liability - current portion - related party 14,216  
Embedded conversion option liabilities 924,744 698,264 371,532
Due to former director - related parties 31,257 31,164 32,898
Loans from directors and officer - related parties 52,022 51,867 54,753
Employee benefit liability 340,637 323,837 143,052
TOTAL CURRENT LIABILITIES 5,714,315 4,402,888 6,823,307
NON-CURRENT LIABILITIES:      
Operating lease liability - long-term portion - related party 23,094
TOTAL NON-CURRENT LIABILITIES 23,094
TOTAL LIABILITIES 5,737,409 4,402,888
Commitments and Contingencies (See Note 7)
STOCKHOLDERS' DEFICIT:      
Common stock, $0.001 par value; 100,000,000 shares authorized; 2,234,901, 968,042 and 92,859 shares issued; 2,234,852, 967,993 and 92,810 outstanding as of December 31, 2019, June 30, 2019 and 2018, respectively 2,235 968 93
Additional paid-in capital 47,766,162 45,713,322 38,214,213
Accumulated other comprehensive income (loss) 1,001,191 1,066,998 357,929
Accumulated deficit (54,400,096) (51,041,047) (45,282,678)
Treasury stock (49 shares) (46,477) (46,477) (46,477)
TOTAL STOCKHOLDERS' DEFICIT (5,671,985) (4,301,236) (6,751,920)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 65,425 101,652 71,387
Series A Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT:      
Preferred stock, 1,500,005 shares authorized, $0.01 par value: 5,000 5,000 5,000
TOTAL STOCKHOLDERS' DEFICIT 5,000 5,000 5,000
Series B Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT:      
Preferred stock, 1,500,005 shares authorized, $0.01 par value:
TOTAL STOCKHOLDERS' DEFICIT