Annual report pursuant to Section 13 and 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)

12 Months Ended

Jun. 30, 2021

As of June 30, 2021 and 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:

SCHEDULE OF TRANSLATION EXCHANGE RATES

	June 30, 2021		June 30, 2020
Exchange rate on balance sheet dates
USD : AUD exchange rate		0.7500		0.6891

Average exchange rate for the period
USD : AUD exchange rate		0.7473		0.6742

SCHEDULE OF CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Change in Accumulated Other Comprehensive Income (Loss) by component during the years ended June 30, 2021 and 2020 were as follows:

	Foreign Currency Items:
Beginning balance, June 30, 2019	$	1,066,998
Foreign currency translation gain		200,673
Balance, June 30, 2020		1,267,671
Foreign currency translation gain		182,467
Ending balance, June 30, 2021	$	1,085,204

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 ANTI DILUTIVE SECURITIES

	June 30, 2021		June 30, 2020

Stock Options		59		60
Stock Warrants		121,329		151,171
Unvested restricted stock		59		59
Convertible Debt		12,416,972		439,113
Total		12,538,419		590,403