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

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Jun. 30, 2022
Jun. 30, 2021
CURRENT ASSETS:      
Cash $ 24,476 $ 4,067 $ 2,255
GST tax receivable 4,543 2,342 4,341
Prepaid expenses and other current assets 25,207 8,621
TOTAL CURRENT ASSETS 54,226 15,030 6,596
Security deposit - related party 2,042 2,075 2,250
Operating lease right-of-use assets, net - related party 50,671 62,523
Property and equipment, net 1,083 2,023 4,255
TOTAL ASSETS 108,022 81,651 13,101
CURRENT LIABILITIES:      
Accounts payable 914,491 943,023 1,002,335
Accrued expenses and other payables 556,114 466,115 892,151
Accrued interest 59,733 57,822  
Loan payable 65,280  
Note payable, net of debt discount 72,404  
Convertible notes and related accrued interest, net of discounts and premiums   984,260 624,583
Convertible notes, net of discounts and including premiums 633,740 926,438  
Operating lease liability - related party, current portion 21,102 20,605
Embedded conversion option liabilities 10,623 151,262 54,220
Due to former director - related party 30,257 30,746 33,347
Loan from former director - related party 50,357 51,171 55,500
Employee benefit liability 578,453 415,799 418,538
TOTAL CURRENT LIABILITIES 2,992,554 3,062,981 3,080,674
NON-CURRENT LIABILITIES:      
Operating lease liability - long-term portion - related party 30,885 42,319
TOTAL NON-CURRENT LIABILITIES 30,885 42,319
TOTAL LIABILITIES 3,023,439 3,105,300 3,080,674
Commitments and Contingencies (See Note 8)
STOCKHOLDERS’ DEFICIT:      
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 1,245,699,501 and 220,350,921 shares issued and outstanding as of December 31, 2022 and June 30, 2022, respectively 1,245,700 220,351 14,056
Common stock issuable (59 and 19,597,024 shares as of December 31, 2022 and June 30, 2022, respectively) 19,597
Additional paid-in capital 57,696,390 57,124,982 54,074,110
Subscription receivable (23,758)
Accumulated other comprehensive income 1,253,133 1,234,549 1,085,204
Accumulated deficit (63,069,163) (61,557,893) (58,199,466)
Treasury stock (1 share) (46,477) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT (2,915,417) (3,023,649) (3,067,573)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 108,022 81,651 13,101
Series A Preferred Stock [Member]      
STOCKHOLDERS’ DEFICIT:      
Preferred stock value 5,000 5,000 5,000
Series B Preferred Stock [Member]      
STOCKHOLDERS’ DEFICIT:      
Preferred stock value