Post-effective amendment to a registration statement that is not immediately effective upon filing

RELATED PARTY TRANSACTIONS (Details Narrative)

v3.21.4
RELATED PARTY TRANSACTIONS (Details Narrative)
1 Months Ended 3 Months Ended 12 Months Ended 15 Months Ended
Aug. 12, 2021
USD ($)
shares
May 06, 2021
AUD ($)
May 06, 2021
USD ($)
Jul. 13, 2020
AUD ($)
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 ($)
Feb. 25, 2015
AUD ($)
Oct. 31, 2021
shares
May 31, 2019
shares
Sep. 30, 2021
USD ($)
$ / shares
shares
Sep. 30, 2021
AUD ($)
shares
Jun. 30, 2021
USD ($)
$ / shares
shares
Jun. 30, 2021
AUD ($)
shares
Jun. 30, 2020
USD ($)
$ / shares
Jun. 30, 2020
AUD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2019
AUD ($)
Sep. 30, 2021
AUD ($)
Sep. 30, 2021
AUD ($)
Jun. 30, 2021
AUD ($)
May 05, 2016
AUD ($)
Related Party Transaction [Line Items]                                                              
Due to related parties                                       $ 32,076   $ 33,347   $ 30,639              
Exercise price | $ / shares                                                        
Granted exercise price | $ / shares                                                            
Restricted stock shares of common stock | shares                                     78                        
Accrued salaries                                       $ 9,739   $ 101,250                  
Subsequent Event [Member]                                                              
Related Party Transaction [Line Items]                                                              
Debt Conversion, Converted Instrument, Shares Issued | shares                                   1,818,097                          
Chief Executive Officer [Member]                                                              
Related Party Transaction [Line Items]                                                              
Payments form related party                                       30,660       $ 136,606   $ 64,377          
Bonus payable amount                                                   137,120          
[custom:RemainingBonusAmount]                                                   $ 178,256          
Bonus payable                                       $ 103,153   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 39 39                
Services Agreement [Member]                                                              
Related Party Transaction [Line Items]                                                              
Restricted stock unit issuable | shares                                       20 20 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                                                         $ 13,500 $ 135,000  
AUD Currency [Member] | Chief Executive Officer [Member]                                                              
Related Party Transaction [Line Items]                                                              
Payments form related party                                         $ 42,500   $ 221,890   $ 202,620   $ 90,000        
Bonus payable amount                                                     200,000        
[custom:RemainingBonusAmount]                                                     $ 260,000        
Bonus payable                                         142,990   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                                       $ 60,598   $ 64,597                  
[custom:OperatingLeasesRentExpenseMinimumRentalsPayable]     $ 2,431                                                        
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                                  
[custom:OperatingLeasesRentExpenseMinimumRentalsPayable]   $ 3,606                                     7,735             $ 9,204      
North Horizon Pty Ltd [Member] | AUD Currency [Member]                                                              
Related Party Transaction [Line Items]                                                              
Payments for Rent                                         84,000   86,129                
Current and Former Director [Member]                                                              
Related Party Transaction [Line Items]                                                              
Loans from related party                                       53,384   55,500   50,993              
Former Director [Member]                                                              
Related Party Transaction [Line Items]                                                              
Due to related parties                                       32,076   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                                       $ 5,651   $ 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                                         $ 7,689   $ 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 $ 177,840           $ 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 $ 54,000