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

RELATED PARTY TRANSACTIONS (Details Narrative)

v3.23.1
RELATED PARTY TRANSACTIONS (Details Narrative)
1 Months Ended 6 Months Ended 12 Months Ended
Oct. 26, 2022
USD ($)
Oct. 26, 2022
AUD ($)
Aug. 02, 2022
USD ($)
Aug. 02, 2022
AUD ($)
Aug. 02, 2022
USD ($)
Aug. 02, 2022
AUD ($)
May 04, 2022
USD ($)
May 04, 2022
AUD ($)
Aug. 12, 2021
USD ($)
shares
Jul. 13, 2020
AUD ($)
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 ($)
Feb. 25, 2015
USD ($)
Feb. 25, 2015
AUD ($)
May 31, 2021
May 31, 2019
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2022
AUD ($)
shares
Dec. 31, 2021
USD ($)
Jun. 30, 2022
USD ($)
$ / shares
shares
Jun. 30, 2022
AUD ($)
shares
Jun. 30, 2021
USD ($)
$ / shares
shares
Jun. 30, 2021
AUD ($)
shares
Jun. 30, 2020
USD ($)
Jun. 30, 2020
AUD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2019
AUD ($)
Dec. 31, 2022
AUD ($)
Jun. 30, 2022
AUD ($)
Jun. 30, 2021
AUD ($)
May 05, 2016
AUD ($)
Related Party Transaction [Line Items]                                                                              
Due to related parties | $                                                 $ 50,357     $ 51,171   $ 55,500                  
Due to related parties | $                                                 30,257     30,746   33,347                  
Payments for rent | $                                                 13,879   $ 14,286 28,366   $ 28,112                  
Bonus payable                                                 $ 26,620 $ 41,387   $ 99,691 $ 144,166                    
Exercise price | $ / shares                                                                        
Granted exercise price | $ / shares                                                                        
Accrued salaries                                                 $ 46,265     $ 37,341   $ 101,250           $ 69,000 $ 54,000 $ 135,000  
Chief Executive Officer [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Payments form related party                                                             $ 221,890 $ 136,606 $ 202,620 $ 64,377 $ 90,000        
Bonus payable amount                                                                   137,120 200,000        
Remaining bonus amount                                                 $ 95,227 $ 139,937   125,386 181,324         $ 178,256 $ 260,000        
Bonus payable                                                           166,418 $ 422,610 $ 280,726 $ 407,380            
Restricted stock shares of common stock                                               78                              
Three Year Operating Lease Agreement [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Payments for rent                                 $ 2,176 $ 3,000                                          
Nathanielsz Employment Agreement [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Expired date                                         Feb. 25, 2019 Feb. 25, 2019                                  
Base salary per month | $                                           $ 25,000                                  
Annual salary $ 414,900 $ 600,000                                     $ 205,680 $ 300,000           $ 205,680 $ 300,000                    
Percentage of pension of monthly salary                                                 9.50% 9.50%   9.50% 9.50%                    
Percentage of bonus of annual base salary                                                 200.00% 200.00%                          
Nathanielsz Employment Agreement [Member] | Maximum [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Annual salary     $ 414,900 $ 600,000                 $ 274,240 $ 400,000                                                  
Percentage of bonus of annual base salary                                         200.00% 200.00%     100.00% 100.00%   200.00% 200.00%                    
Nathanielsz Employment Agreement [Member] | Minimum [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Annual salary     $ 276,600 $ 400,000                 $ 205,680 $ 300,000                                                  
Mrs. Nathanielsz [Member] | Chief Executive Officer [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Bonus payable | $                                                           $ 316,957                  
Employment Agreement [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Number of restricted stock unit vested, shares                     39 39                         39 39                          
Employment Agreement [Member] | Initial Nathanielsz RSUs [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Restricted stock shares of common stock                     39 39                               39 39                    
Employment Agreement [Member] | Additional Nathanielsz RSUs [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Restricted stock unit issuable                                                 39 39   39 39                    
Employment Agreement [Member] | Additiona Nathanielsz R S Us [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Grand date fair value, per share | $ / shares                     $ 7.80                                                        
Gross proceeds from equity financing | $                     $ 4,000,000                                                        
Services Agreement [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Restricted stock unit issuable                                                       20 20 20 20                
Number of restricted stock unit vested, shares                                                 20 20                          
Services Agreement [Member] | Initial Kenyon RSUs [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Restricted stock shares of common stock                     20 20                                                      
Services Agreement [Member] | Additional Kenyon RSUs [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Restricted stock shares of common stock                     20 20                                                      
Gross proceeds from equity financing | $                     $ 4,000,000                                                        
Number of restricted stock unit vested, shares                     5 5                                                      
Accounting Standards Update 2016-02 [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Operating lease, description                                             Such lease expired in May 2021 and was renewed for another one-year term from May 2021 to May 2022                                
North Horizon Pty Ltd [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Lessor, Operating lease, term of contract             3 years 3 years                 5 years                                           5 years
Operating leases rent expense, minimum rentals             $ 2,176 $ 3,000                 $ 28,325 39,600                                          
Goods and service tax                                 2,575 $ 3,600                                          
Payments for rent                                                       $ 84,452 $ 122,129 $ 64,597 $ 86,129                
North Horizon Pty Ltd [Member] | Three Year Operating Lease Agreement [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Lessor, Operating lease, term of contract             3 years 3 years                                                              
Payments for rent             $ 2,176 $ 3,000                                                              
Former Director [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Due to related parties | $                                                 $ 50,357     51,171   55,500                  
Due to related parties | $                                                       30,746   33,347                  
Loans from related party | $                                                 30,257     30,746                      
Nathanielsz [Member] | North Horizon Pty Ltd [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Operating leases, future minimum payments due                                 $ 141,629                                           $ 198,000
Operating leases, future minimum payments due                                                 $ 95,358     84,452               $ 140,129 $ 122,129    
Mrs. Nathanielsz [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Annual salary                             $ 80,904 $ 120,000                                              
Payments form related party                                                       $ 5,577 $ 7,689 $ 34,476 $ 46,135                
James Nathanielsz [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Payments form related party                                     $ 3,205 $ 4,481                                      
Mr. Nathanielsz [Member] | Board of Directors [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Officers compensation         $ 96,810 $ 140,000     $ 177,840 $ 240,000 $ 315,376 $ 460,000                                                      
Debt conversion, converted instrument, shares issued                 5,928,000                                                            
Mr. Nathanielsz [Member] | Board of Directors [Member] | Subsequent Event [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Officers compensation         $ 96,810 $ 140,000                                                                  
Mr. Nathanielsz [Member] | Board of Directors [Member] | AUD Currency [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Bonus granted percentage                   60.00%                                                          
Mr. Nathanielsz [Member] | Employment Agreement [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Annual salary                     $ 309,313 $ 400,000                                                      
Agreement term                     3 years 3 years                                                      
Agreement renewal term                     P1Y P1Y                                                      
Option purchase 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 CTA being approved in an applicable jurisdiction, (iii) 7.80 of the Additional RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iv) 7.80 of the Additional Nathanielsz RSUs shall vest upon the shares of the Company’s Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (v) the remaining 7.80 of the Additional Nathanielsz RSUs shall vest upon the Company enrolling its first patient in the Study. 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 CTA being approved in an applicable jurisdiction, (iii) 7.80 of the Additional RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iv) 7.80 of the Additional Nathanielsz RSUs shall vest upon the shares of the Company’s Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (v) the remaining 7.80 of the Additional Nathanielsz RSUs shall vest upon the Company enrolling its first patient in the Study.                                                      
Option term                     10 years 10 years                                                      
Dr. Kenyon [Member] | Services Agreement [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Annual salary                     $ 41,580 $ 54,000                                                      
Agreement term                     3 years 3 years                                                      
Agreement renewal term                     P1Y P1Y                                                      
Option purchase 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 of the Company’s Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (iv) the remaining 5 of the Additional Kenyon RSUs shall vest upon the Company enrolling its first patient in the Study. 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 of the Company’s Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (iv) the remaining 5 of the Additional Kenyon RSUs shall vest upon the Company enrolling its first patient in the Study.                                                      
Option term                     10 years 10 years                                                      
Dr. Kenyon [Member] | Cancellation Agreement [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Debt conversion, converted instrument, shares issued                 3,420,000                                                            
Cancellation of accrued salary | $                 $ 102,600                                                            
Dr Kenyon Member [Member] | Services Agreement [Member]                                                                              
Related Party Transaction [Line Items]                                                                              
Annual salary | $                       $ 54,000