Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2021 |
Mar. 31, 2020 |
Mar. 31, 2021 |
Mar. 31, 2020 |
|
| REVENUE | ||||
| Revenue | ||||
| OPERATING EXPENSES | ||||
| Administration expenses | 373,834 | 542,093 | 913,124 | 2,751,478 |
| Occupancy expenses | 9,231 | 7,591 | 26,185 | 25,815 |
| Research and development | 44,887 | 57,484 | 145,898 | 122,893 |
| TOTAL OPERATING EXPENSES | 427,952 | 607,168 | 1,085,207 | 2,900,186 |
| LOSS FROM OPERATIONS | (427,952) | (607,168) | (1,085,207) | (2,900,186) |
| OTHER INCOME (EXPENSE) | ||||
| Interest expense | (102,901) | (384,804) | (420,017) | (1,506,111) |
| Interest income | 137 | 1 | 143 | |
| Change in fair value of derivative liabilities | (55,158) | 454,442 | (7,156) | 298,374 |
| Gain from settlement of debt, net | 48,390 | 48,390 | ||
| Gain on extinguishment of debt, net | 622 | 60,835 | 50,607 | 81,011 |
| Foreign currency transaction gain (loss) | 6,984 | (2,135,421) | 54,179 | (2,053,010) |
| TOTAL OTHER EXPENSE, NET | (102,063) | (2,004,811) | (273,996) | (3,179,593) |
| LOSS BEFORE TAXES | (530,015) | (2,611,979) | (1,359,203) | (6,079,779) |
| Tax benefit | 112,277 | 26,317 | 112,277 | 135,068 |
| NET LOSS | $ (417,738) | $ (2,585,662) | $ (1,246,926) | $ (5,944,711) |
| BASIC AND DILUTED NET LOSS PER SHARE | $ (0.12) | $ (348.75) | $ (0.76) | $ (1,794.90) |
| BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING | 3,452,810 | 7,414 | 1,631,175 | 3,312 |
| NET LOSS | $ (417,738) | $ (2,585,662) | $ (1,246,926) | $ (5,944,711) |
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||
| Unrealized foreign currency translation gain (loss) | 29,723 | 2,281,569 | (213,797) | 2,215,762 |
| TOTAL OTHER COMPREHENSIVE INCOME (LOSS) | 29,723 | 2,281,569 | (213,797) | 2,215,762 |
| TOTAL COMPREHENSIVE LOSS | $ (388,015) | $ (304,093) | $ (1,460,723) | $ (3,728,949) |
| X | ||||||||||
- Definition Amount before tax of foreign currency transaction realized and unrealized loss recognized in the income statement. No definition available.
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- Definition Gain from settlement of debt, net. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before tax, after reclassification adjustments of gain (loss) on foreign currency translation adjustments, on foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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