Derivative Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2020

Convertible Debt

	Initial Valuations (on new derivative instruments entered into during the nine months ended March 31, 2020)			March 31, 2020
Volatility		227.82-279.44	%		275.06	%
Expected Remaining Term (in years)		1			00.01 – 0.95
Risk Free Interest Rate		1.53-1.59	%		0.05% – 0.17	%
Expected dividend yield		None			None

The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2020:

	Balance at March 31, 2020		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
Embedded conversion option liabilities	$	318,368	$	—	$	—	$	318,368
Total	$	318,368	$	—	$	—	$	318,368

The following is a roll forward for the nine months ended March 31, 2020 of the fair value liability of price adjustable derivative instruments:

	Fair Value of
	Liability for
	Derivative
	Instruments
Balance at June 30, 2019	$	698,264
Initial fair value of embedded conversion option derivative liability recorded as debt discount		227,000
Initial fair value of embedded conversion option derivative liability recorded as expense		351,461
Reductions due to conversions		(308,522	)
Change in fair value included in statements of operations		(649,835	)
Balance at March 31, 2020	$	318,368