Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS (Details Narrative)

v3.21.2
RELATED PARTY TRANSACTIONS (Details Narrative)
1 Months Ended 12 Months Ended
Aug. 12, 2021
USD ($)
shares
Jul. 13, 2020
AUD ($)
Jul. 02, 2019
USD ($)
Jul. 02, 2019
AUD ($)
May 14, 2019
USD ($)
$ / shares
shares
May 14, 2019
AUD ($)
shares
Mar. 16, 2018
USD ($)
Mar. 16, 2018
AUD ($)
Feb. 01, 2018
USD ($)
Feb. 01, 2018
AUD ($)
May 05, 2016
USD ($)
May 05, 2016
AUD ($)
Feb. 25, 2016
USD ($)
Feb. 25, 2016
AUD ($)
Feb. 25, 2015
AUD ($)
May 31, 2019
shares
Jun. 30, 2021
USD ($)
$ / shares
shares
Jun. 30, 2021
AUD ($)
shares
Jun. 30, 2020
USD ($)
$ / shares
Jun. 30, 2020
AUD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2019
AUD ($)
Jun. 30, 2021
AUD ($)
May 05, 2016
AUD ($)
Related Party Transaction [Line Items]                                                
Loans from related party                                 $ 55,500   $ 50,993          
Due to related parties                                 $ 33,347   $ 30,639          
Exercise price | $ / shares                                            
Restricted stock shares of common stock | shares                               78                
Accrued salaries                                 $ 101,250              
Chief Executive Officer [Member]                                                
Related Party Transaction [Line Items]                                                
Payments form related party                                     $ 136,606   $ 64,377      
Bonus payable amount                                         137,120      
[custom:RemainingBonusAmount]                                         $ 178,256      
Bonus payable                                 166,418   280,726          
Restricted stock shares of common stock | shares                               39                
Nathanielsz Employment Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Expired date                             Feb. 25, 2019                  
Annual salary                                 $ 205,680              
Percentage of pension of monthly salary                                 9.50% 9.50%            
Percentage of bonus of annual base salary                                 200.00% 200.00%            
Nathanielsz Employment Agreement [Member] | Minimum [Member]                                                
Related Party Transaction [Line Items]                                                
Annual salary             $ 205,680                                  
Nathanielsz Employment Agreement [Member] | Maximum [Member]                                                
Related Party Transaction [Line Items]                                                
Annual salary             $ 274,240                                  
Mrs. Nathanielsz [Member] | Chief Executive Officer [Member]                                                
Related Party Transaction [Line Items]                                                
Bonus payable                                 $ 316,957              
Employment Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Restricted stock unit issuable | shares                                 39 39            
Services Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Restricted stock unit issuable | shares                                 20 20            
Accounting Standards Update 2016-02 [Member]                                                
Related Party Transaction [Line Items]                                                
Payments for Rent     $ 2,431                                          
Lessee, Operating Lease, Description     Such lease expired in May 2021 and was renewed for another one-year term from May 2021 to May 2022 Such lease expired in May 2021 and was renewed for another one-year term from May 2021 to May 2022                                        
AUD Currency [Member] | Accounting Standards Update 2016-02 [Member]                                                
Related Party Transaction [Line Items]                                                
Payments for Rent       $ 3,606                                        
AUD Currency [Member]                                                
Related Party Transaction [Line Items]                                                
Accrued salaries                                             $ 135,000  
AUD Currency [Member] | Chief Executive Officer [Member]                                                
Related Party Transaction [Line Items]                                                
Payments form related party                                   $ 221,890   $ 202,620   $ 90,000    
Bonus payable amount                                           200,000    
[custom:RemainingBonusAmount]                                           $ 260,000    
Bonus payable                                   422,610   407,380        
AUD Currency [Member] | Nathanielsz Employment Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Annual salary                             $ 25,000     300,000            
AUD Currency [Member] | Nathanielsz Employment Agreement [Member] | Minimum [Member]                                                
Related Party Transaction [Line Items]                                                
Annual salary               $ 300,000                                
AUD Currency [Member] | Nathanielsz Employment Agreement [Member] | Maximum [Member]                                                
Related Party Transaction [Line Items]                                                
Annual salary               $ 400,000                                
Initial Nathanielsz RSUs [Member] | Employment Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Restricted stock shares of common stock | shares         39 39                                    
Additional Nathanielsz RSUs [Member] | Employment Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Rsus vest, shares | shares         7.80 7.80                                    
Gross proceeds from equity financing         $ 4,000,000                                      
Initial Kenyon RSUs [Member] | Services Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Restricted stock shares of common stock | shares         20 20                                    
Additional Kenyon RSUs [Member] | Services Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Restricted stock shares of common stock | shares         20 20                                    
Rsus vest, shares | shares         5 5                                    
Gross proceeds from equity financing         $ 4,000,000                                      
North Horizon Pty Ltd [Member]                                                
Related Party Transaction [Line Items]                                                
Lessor, Operating Lease, Term of Contract                     5 years                         5 years
Operating Leases, Rent Expense, Minimum Rentals                     $ 28,325                          
[custom:GoodsAndServiceTax]                     2,575                          
Payments for Rent                                 $ 64,597              
North Horizon Pty Ltd [Member] | AUD Currency [Member]                                                
Related Party Transaction [Line Items]                                                
Operating Leases, Rent Expense, Minimum Rentals                       $ 39,600                        
[custom:GoodsAndServiceTax]                       $ 3,600                        
North Horizon Pty Ltd [Member] | AUD Currency [Member]                                                
Related Party Transaction [Line Items]                                                
Payments for Rent                                   86,129            
Current and Former Director [Member]                                                
Related Party Transaction [Line Items]                                                
Loans from related party                                 55,500   50,993          
Former Director [Member]                                                
Related Party Transaction [Line Items]                                                
Due to related parties                                 33,347   30,639          
Nathanielsz [Member] | North Horizon Pty Ltd [Member]                                                
Related Party Transaction [Line Items]                                                
Operating Leases, Future Minimum Payments Due                     $ 141,629                          
Nathanielsz [Member] | North Horizon Pty Ltd [Member] | AUD Currency [Member]                                                
Related Party Transaction [Line Items]                                                
Operating Leases, Future Minimum Payments Due                                               $ 198,000
Mrs. Nathanielsz [Member]                                                
Related Party Transaction [Line Items]                                                
Annual salary                 $ 80,904                              
Payments form related party                                 $ 34,476   $ 30,284          
Mrs. Nathanielsz [Member] | AUD Currency [Member]                                                
Related Party Transaction [Line Items]                                                
Annual salary                   $ 120,000                            
Mrs. Nathanielsz [Member] | AUD Currency [Member]                                                
Related Party Transaction [Line Items]                                                
Payments form related party                                   $ 46,135   $ 44,918        
James Nathanielsz [Member]                                                
Related Party Transaction [Line Items]                                                
Payments form related party                         $ 3,205                      
James Nathanielsz [Member] | AUD Currency [Member]                                                
Related Party Transaction [Line Items]                                                
Payments form related party                           $ 4,481                    
Mr. Nathanielsz [Member] | Board of Directors [Member]                                                
Related Party Transaction [Line Items]                                                
Officers' compensation         $ 315,376                                      
Debt Conversion, Converted Instrument, Shares Issued | shares 5,928,000                                              
Mr. Nathanielsz [Member] | Board of Directors [Member] | Subsequent Event [Member]                                                
Related Party Transaction [Line Items]                                                
Officers' compensation $ 177,840                                              
Mr. Nathanielsz [Member] | Employment Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Agreement term         3 years 3 years                                    
Agreement renewal term         1 year 1 year                                    
Option purchase shares | shares         39 39                                    
Exercise price | $ / shares         $ 4,675                                      
Market price         110.00% 110.00%                                    
Granted exercise price | $ / shares         $ 4,250                                      
Options vested, description         The Nathanielsz Options have a term of 10 years from the date of grant. 1/3rd of the Nathanielsz Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Mr. Nathanielsz is employed by the Company and subject to the other provisions of the Employment Agreement. The Initial Nathanielsz RSUs shall vest on the one-year anniversary of the Effective Date, subject to Mr. Nathanielsz’s continued employment with the Company through such vesting date. The Additional Nathanielsz RSUs will vest as follows, subject to Mr. Nathanielsz’s continued employment with the Company through the applicable vesting date: (i) 7.80 of the Additional Nathanielsz RSUs shall vest upon the Company submitting Clinical Trial Application (the “CTA”) for PRP, the Company’s lead product candidate (“PRP”), for a First-In-Human study for PRP (the “Study”) in an applicable jurisdiction to be selected by the Company, (ii) 7.80 of the Additional Nathanielsz RSUs shall vest upon The Nathanielsz Options have a term of 10 years from the date of grant. 1/3rd of the Nathanielsz Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Mr. Nathanielsz is employed by the Company and subject to the other provisions of the Employment Agreement. The Initial Nathanielsz RSUs shall vest on the one-year anniversary of the Effective Date, subject to Mr. Nathanielsz’s continued employment with the Company through such vesting date. The Additional Nathanielsz RSUs will vest as follows, subject to Mr. Nathanielsz’s continued employment with the Company through the applicable vesting date: (i) 7.80 of the Additional Nathanielsz RSUs shall vest upon the Company submitting Clinical Trial Application (the “CTA”) for PRP, the Company’s lead product candidate (“PRP”), for a First-In-Human study for PRP (the “Study”) in an applicable jurisdiction to be selected by the Company, (ii) 7.80 of the Additional Nathanielsz RSUs shall vest upon                                    
Option term         10 years 10 years                                    
Mr. Nathanielsz [Member] | AUD Currency [Member] | Board of Directors [Member]                                                
Related Party Transaction [Line Items]                                                
Officers' compensation   $ 240,000       $ 460,000                                    
Bonus granted percentage   60.00%                                            
Mr. Nathanielsz [Member] | AUD Currency [Member] | Employment Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Annual salary           $ 400,000                                    
Dr. Kenyon [Member] | Services Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Debt Conversion, Converted Instrument, Shares Issued | shares 3,420,000                                              
Agreement term         3 years 3 years                                    
Agreement renewal term         1 year 1 year                                    
Option purchase shares | shares         20 20                                    
Exercise price | $ / shares         $ 4,250                                      
Market price         100.00% 100.00%                                    
Options vested, description         The Kenyon Options have a term of 10 years from the date of grant. 1/3rd of the Kenyon Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Dr. Kenyon is employed by the Company and subject to the other provisions of the Services Agreement. The Initial Kenyon RSUs shall vest on the one-year anniversary of the Effective Date, subject to Dr. Kenyon’s continued employment with the Company through such vesting date. The Additional Kenyon RSUs will vest as follows, subject to Dr. Kenyon’s continued employment with the Company through the applicable vesting date: (i) 5 of the Additional Kenyon RSUs shall vest upon the Company submitting the CTA for PRP for the Study in an applicable jurisdiction to be selected by the Company, (ii) 5 of the Additional Kenyon RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iii) 5 of the Additional Kenyon RSUs shall vest upon the shares o The Kenyon Options have a term of 10 years from the date of grant. 1/3rd of the Kenyon Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Dr. Kenyon is employed by the Company and subject to the other provisions of the Services Agreement. The Initial Kenyon RSUs shall vest on the one-year anniversary of the Effective Date, subject to Dr. Kenyon’s continued employment with the Company through such vesting date. The Additional Kenyon RSUs will vest as follows, subject to Dr. Kenyon’s continued employment with the Company through the applicable vesting date: (i) 5 of the Additional Kenyon RSUs shall vest upon the Company submitting the CTA for PRP for the Study in an applicable jurisdiction to be selected by the Company, (ii) 5 of the Additional Kenyon RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iii) 5 of the Additional Kenyon RSUs shall vest upon the shares o                                    
Option term         10 years 10 years                                    
Cancellation of accrued salary $ 102,600                                              
Dr Kenyon [Member] | AUD Currency [Member] | Services Agreement [Member]                                                
Related Party Transaction [Line Items]                                                
Annual salary         $ 54,000