Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Details Narrative)

v3.21.2
RELATED PARTY TRANSACTIONS (Details Narrative)
3 Months Ended 12 Months Ended 15 Months Ended
Aug. 12, 2021
USD ($)
shares
May 06, 2021
AUD ($)
May 06, 2021
USD ($)
May 14, 2019
USD ($)
$ / shares
shares
May 14, 2019
AUD ($)
shares
Mar. 16, 2018
USD ($)
Mar. 16, 2018
AUD ($)
Feb. 01, 2018
USD ($)
Feb. 01, 2018
AUD ($)
Feb. 25, 2016
USD ($)
Feb. 25, 2016
AUD ($)
Feb. 25, 2015
AUD ($)
Sep. 30, 2021
USD ($)
$ / shares
shares
Sep. 30, 2021
AUD ($)
shares
Jun. 30, 2021
USD ($)
Jun. 30, 2021
AUD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2019
AUD ($)
Sep. 30, 2021
AUD ($)
Sep. 30, 2021
AUD ($)
Jun. 30, 2021
AUD ($)
Related Party Transaction [Line Items]                                            
Due to Related Parties, Current                         $ 32,076   $ 33,347              
Exercise price | $ / shares                                          
Granted exercise price | $ / shares                                          
Accrued salaries                         $ 9,739   101,250              
Chief Executive Officer [Member]                                            
Related Party Transaction [Line Items]                                            
Payments form related party                         30,660                  
Bonus payable amount                                   $ 137,120        
[custom:RemainingBonusAmount]                                   $ 178,256        
Bonus payable                         $ 103,153   166,418              
Nathanielsz Employment Agreement [Member]                                            
Related Party Transaction [Line Items]                                            
Related Party Transaction, 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                
AUD Currency [Member]                                            
Related Party Transaction [Line Items]                                            
Accrued salaries                                         $ 13,500 $ 135,000
AUD Currency [Member] | Chief Executive Officer [Member]                                            
Related Party Transaction [Line Items]                                            
Payments form related party                           $ 42,500   $ 221,890            
Bonus payable amount                                     $ 200,000      
[custom:RemainingBonusAmount]                                     $ 260,000      
Bonus payable                           142,990   422,610            
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]                                            
Operating Leases Rent Expense Minimum Rentals Payable     $ 2,431                                      
Payments for Rent                         $ 60,598                  
North Horizon Pty Ltd [Member] | AUD Currency [Member]                                            
Related Party Transaction [Line Items]                                            
Operating Leases Rent Expense Minimum Rentals Payable   $ 3,606                       7,735           $ 9,204    
North Horizon Pty Ltd [Member] | AUD Currency [Member]                                            
Related Party Transaction [Line Items]                                            
Payments for Rent                           84,000                
Current and Former Director [Member]                                            
Related Party Transaction [Line Items]                                            
Loans from directors and officer - related parties                         53,384   $ 55,500              
Former Director [Member]                                            
Related Party Transaction [Line Items]                                            
Due to Related Parties, Current                         $ 32,076       $ 33,347          
Mrs. Nathanielsz [Member]                                            
Related Party Transaction [Line Items]                                            
Annual salary               $ 80,904                            
Payments form related party                                 $ 5,651          
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                           $ 7,689                
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 $ 177,840     $ 315,376                                    
Debt Conversion, Converted Instrument, Shares Issued | shares 5,928,000                                          
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         $ 460,000                                  
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) 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)                                  
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