SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE (Details) - USD ($) |
12 Months Ended | |
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Jun. 30, 2021 |
Jun. 30, 2020 |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Balance at Beginning | $ 177,009 | $ 698,264 |
Reductions due to conversions | (362,962) | |
Initial fair value of embedded conversion option derivative liability recorded as debt discount | 227,000 | |
Initial fair value of embedded conversion option derivative liability recorded as expense | 351,461 | |
Change in fair value included in statements of operations | 8,186 | (736,754) |
Gain on debt extinguishment | (130,975) | |
Balance at Ending | $ 54,220 | $ 177,009 |
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- Definition Initial fair value recording of warrant derivative liability as debt discount during the period. No definition available.
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- Definition Gain on debt extinguishment. No definition available.
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- Definition Initial fair value of embedded conversion option derivative liability recorded as expense. No definition available.
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- Definition Reductions due to conversions. No definition available.
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- References No definition available.
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Net Increase or Decrease in the fair value of the embedded derivative or group of embedded derivatives included in earnings in the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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