Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v3.20.4
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
REVENUE        
Revenue
OPERATING EXPENSES        
Administration expenses 216,179 1,375,971 539,290 2,209,385
Occupancy expenses 7,750 7,592 16,954 18,224
Research and development 50,165 37 101,011 65,409
TOTAL OPERATING EXPENSES 274,094 1,383,600 657,255 2,293,018
LOSS FROM OPERATIONS (274,094) (1,383,600) (657,255) (2,293,018)
OTHER INCOME (EXPENSE)        
Interest expense (157,835) (446,082) (317,116) (1,121,307)
Interest income 1 3 1 6
Change in fair value of derivative liabilities (16,950) (675,024) 48,002 (156,068)
Gain on extinguishment of debt, net 20,176 49,985 20,176
Foreign currency transaction gain (loss) 45,235 617,561 47,195 82,411
TOTAL OTHER EXPENSE, NET (129,549) (483,366) (171,933) (1,174,782)
LOSS BEFORE TAXES (403,643) (1,866,966) (829,188) (3,467,800)
Tax (expense) benefit (143) 108,751
NET LOSS $ (403,643) $ (1,867,109) $ (829,188) $ (3,359,049)
BASIC AND DILUTED NET LOSS PER SHARE $ (0.45) $ (1,250.78) $ (1.13) $ (2,638.63)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 900,626 1,493 735,289 1,273
NET LOSS $ (403,643) $ (1,867,109) $ (829,188) $ (3,359,049)
OTHER COMPREHENSIVE LOSS        
Unrealized foreign currency translation loss (167,765) (629,494) (243,520) (65,807)
TOTAL OTHER COMPREHENSIVE LOSS (167,765) (629,494) (243,520) (65,807)
TOTAL COMPREHENSIVE LOSS $ (571,408) $ (2,496,603) $ (1,072,708) $ (3,424,856)