Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.4
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Jun. 30, 2020
CURRENT ASSETS:    
Cash $ 21,243 $ 67,007
GST tax receivable 1,940 2,015
TOTAL CURRENT ASSETS 23,183 69,022
Security deposit - related party 2,312 2,067
Operating lease right-of-use assets, net - related party 9,699 21,682
Property and equipment, net 5,422 5,747
TOTAL ASSETS 40,616 98,518
CURRENT LIABILITIES:    
Accounts payable 1,019,507 842,156
Accrued expenses and other payables 870,579 702,231
Convertible notes and related accrued interest, net of discounts and premiums 1,209,186 1,557,734
Operating lease liability - related party 14,744 25,072
Embedded conversion option liabilities 22,867 177,009
Due to former director - related party 34,263 30,639
Loans from directors and officer - related parties 57,024 50,993
Employee benefit liability 420,487 354,109
TOTAL CURRENT LIABILITIES 3,648,657 3,739,943
TOTAL LIABILITIES 3,648,657 3,739,943
Commitments and Contingencies (See Note 8)
STOCKHOLDERS' DEFICIT:    
Preferred stock, value 5,000 5,000
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 1,446,834 and 258,120 shares issued and outstanding as of December 31, 2020 and June 30, 2020, respectively 1,447 258
Common stock issuable (147,158 and 0 shares as of December 31, 2020 and June 30, 2020, respectively) 147
Additional paid-in capital 52,018,649 50,913,893
Accumulated other comprehensive income 1,024,151 1,267,671
Accumulated deficit (56,610,958) (55,781,770)
Treasury stock (1 share) (46,477) (46,477)
TOTAL STOCKHOLDERS' DEFICIT (3,608,041) (3,641,425)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 40,616 98,518
Series A Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock, value 5,000 5,000
TOTAL STOCKHOLDERS' DEFICIT 5,000 5,000
Series B Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock, value
TOTAL STOCKHOLDERS' DEFICIT