Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.1
Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)
9 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Schedule of Translation Exchange Rates

As of March 31, 2020 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:

 

    March 31, 2020     June 30, 2019  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.6102       0.7153  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.6759       0.7009  

Schedule of Change in Accumulated Other Comprehensive Income (Loss)

Change in Accumulated Other Comprehensive Income (Loss) by component during the nine months ended March 31, 2020 was as follows:

 

    Foreign
Currency Items:
 
Beginning balance, June 30, 2019   $ 1,066,998  
Foreign currency translation loss     2,215,762  
Ending balance, March 31, 2020   $ 3,282,760