Quarterly report pursuant to Section 13 or 15(d)

Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)

Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)

9 Months Ended

Mar. 31, 2021

As of March 31, 2021 and June 30, 2020, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

	March 31, 2021		June 30, 2020
Exchange rate on balance sheet dates
USD : AUD exchange rate		0.7617		0.6891

Average exchange rate for the period
USD : AUD exchange rate		0.7398		0.6742

Schedule of Change in Accumulated Other Comprehensive Income (Loss)

The change in Accumulated Other Comprehensive Income (Loss) by component during the nine months ended March 31, 2021 was as follows:

	Foreign Currency Items:
Balance, June 30, 2020	$	1,267,671
Foreign currency translation loss		(213,797	)
Ending balance, March 31, 2021	$	1,053,874

Schedule of Property and Equipment Estimated Useful Lives

The estimated useful lives are as follows:

Machinery and equipment	- 5 years
Furniture	- 7 years

Schedule of Dilutive Securities Excluded from Computation

The securities for the period ended March 31, 2021 and 2020 were considered dilutive securities which were excluded from the computation since the effect is anti-dilutive.

	March 31, 2021		March 31, 2020
	(Unaudited)		(Unaudited)
Stock Options		60		60
Stock Warrants		127,595		1,975
Unvested restricted stock		59		117
Convertible Debt		3,538,288		104,064
Total		3,666,002		106,216