Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Jun. 30, 2020
CURRENT ASSETS:    
Cash $ 51,218 $ 67,007
GST tax receivable 2,852 2,015
TOTAL CURRENT ASSETS 54,070 69,022
Security deposit - related party 2,151 2,067
Operating lease right-of-use assets, net - related party 15,792 21,682
Property and equipment, net 5,541 5,747
TOTAL ASSETS 77,554 98,518
CURRENT LIABILITIES:    
Accounts payable 929,828 842,156
Accrued expenses and other payables 863,706 702,231
Convertible notes and related accrued interest, net of discounts and premiums 1,029,688 1,557,734
Operating lease liability - related party 19,957 25,072
Embedded conversion option liabilities 5,916 177,009
Due to former director - related party 31,880 30,639
Loans from directors and officer - related parties 53,058 50,993
Employee benefit liability 378,990 354,109
TOTAL CURRENT LIABILITIES 3,313,023 3,739,943
TOTAL LIABILITIES 3,313,023 3,739,943
Commitments and Contingencies (See Note 8)
STOCKHOLDERS' DEFICIT:    
Preferred stock, 1,500,005 shares authorized, $0.01 par value:
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 715,597,215 and 258,120,381 shares issued and issuable; 715,597,166 and 258,120,332 outstanding as of September 30, 2020 and June 30, 2020, respectively 715,596 258,120
Additional paid-in capital 51,105,811 50,656,031
Accumulated other comprehensive income 1,191,916 1,267,671
Accumulated deficit (56,207,315) (55,781,770)
Treasury stock (49 shares) (46,477) (46,477)
TOTAL STOCKHOLDERS' DEFICIT (3,235,469) (3,641,425)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 77,554 98,518
Series A Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock, 1,500,005 shares authorized, $0.01 par value: 5,000 5,000
TOTAL STOCKHOLDERS' DEFICIT 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