Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Details Narrative)

v3.20.2
Related Party Transactions (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Jul. 13, 2020
May 14, 2019
Mar. 16, 2018
Feb. 01, 2018
May 05, 2016
May 05, 2016
Feb. 25, 2016
Feb. 25, 2015
May 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Loans from related party                   $ 50,993 $ 51,867  
Due to related parties                   $ 30,639 $ 31,164  
Exercise price                    
Restricted stock shares of common stock                 78,000      
Stock price                   $ 0.0039    
Board of Directors [Member]                        
Payments form related party                       $ 56,056
Chief Executive Officer [Member]                        
Payments form related party                   $ 136,606 $ 64,377  
Bonus payable amount                     137,120  
Remaining bonus amount                     178,256  
Remaining due and payable                   280,726    
Restricted stock shares of common stock                 39,000      
Nathanielsz Employment Agreement [Member]                        
Expired date               Feb. 25, 2019        
Annual salary                   $ 205,680    
Percentage of pension of monthly salary                   9.50%    
Percentage of bonus of annual base salary                   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                   $ 202,620 90,000  
Bonus payable amount                     200,000  
Remaining bonus amount                     260,000  
Remaining due and payable                   407,380    
AUD Currency [Member] | Nathanielsz Employment Agreement [Member]                        
Annual salary               $ 25,000   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   39,000                    
Additional Nathanielsz RSUs [Member] | Employment Agreement [Member]                        
Restricted stock shares of common stock   39,000                    
Rsus vest, shares   7,800                    
Gross proceeds from equity financing   $ 4,000,000                    
Restricted Stock Units [Member] | Employment Agreement [Member]                        
Restricted stock shares of common stock   78,000                    
Stock price   $ 4.25                    
Restricted stock value   $ 331,500                    
Fair value of stock option using black-scholes model   $ 165,747                    
Initial Kenyon RSUs [Member] | Services Agreement [Member]                        
Restricted stock shares of common stock   19,500                    
Additional Kenyon RSUs [Member] | Services Agreement [Member]                        
Restricted stock shares of common stock   19,500                    
Rsus vest, shares   4,875                    
Gross proceeds from equity financing   $ 4,000,000                    
North Horizon Pty Ltd [Member]                        
Lease term         5 years 5 years            
Lease expiration date         May 31, 2021              
Annual rental payments           $ 28,325            
Goods and service tax           2,575            
Future minimum payments due                   25,700    
North Horizon Pty Ltd [Member] | AUD Currency [Member]                        
Annual rental payments           39,600            
Goods and service tax           3,600            
North Horizon Pty Ltd [Member] | AUD Currency [Member]                        
Future minimum payments due                   37,295    
Current and Former Director [Member]                        
Loans from related party                   50,993 51,867  
Former Director [Member]                        
Due to related parties                   30,639 31,164  
Nathanielsz [Member] | North Horizon Pty Ltd [Member]                        
Future minimum payments due         $ 141,629 141,629            
Nathanielsz [Member] | North Horizon Pty Ltd [Member] | AUD Currency [Member]                        
Future minimum payments due         $ 198,000 $ 198,000            
Mr. Nathanielsz [Member]                        
Annual salary       $ 80,904                
Payments form related party                   30,284 38,463  
Mr. Nathanielsz [Member] | Board of Directors [Member]                        
Payments form related party                     150,602  
Mr. Nathanielsz [Member] | AUD Currency [Member]                        
Annual salary       $ 120,000                
Mr. Nathanielsz [Member] | AUD Currency [Member]                        
Payments form related party                   $ 44,918 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   $ 315,376 210,090                  
Mr. Nathanielsz [Member] | Board of Directors [Member] | Subsequent Event [Member]                        
Officers' compensation $ 240,000                      
Mr. Nathanielsz [Member] | Employment Agreement [Member]                        
Agreement term   3 years                    
Agreement renewal term   1 year                    
Option purchase shares   39,000                    
Exercise price   $ 4.675                    
Market price   110.00%                    
Granted exercise price   $ 4.25                    
Restricted stock shares of common stock   39,000                    
Option term   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.                    
Stock price   $ 4.25                    
Restricted stock value   $ 165,747                    
Exercise price   $ 4.65                    
Dividend yield   0.00%                    
Years to maturity   10 years                    
Risk free rate   2.42%                    
Expected volatility   268.00%                    
Mr. Nathanielsz [Member] | AUD Currency [Member] | Board of Directors [Member]                        
Officers' compensation   $ 460,000 $ 300,000                  
Mr. Nathanielsz [Member] | AUD Currency [Member] | Board of Directors [Member] | Subsequent Event [Member]                        
Bonus granted percentage 60.00%                      
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                    
Agreement renewal term   1 year                    
Option purchase shares   19,500                    
Exercise price   $ 4.25                    
Market price   100.00%                    
Granted exercise price   $ 19,500                    
Option term   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.                    
Stock price   $ 4.25                    
Exercise price   $ 4.25                    
Dividend yield   0.00%                    
Years to maturity   10 years                    
Risk free rate   2.42%                    
Expected volatility   268.00%                    
Dr Kenyon [Member] | Restricted Stock [Member] | Services Agreement [Member]                        
Restricted stock shares of common stock   39,000                    
Stock price   $ 4.25                    
Restricted stock value   $ 165,750                    
Fair value of stock option using black-scholes model   $ 82,873