Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Jun. 30, 2022
CURRENT ASSETS:    
Cash $ 93,241 $ 4,067
GST tax receivable 3,334 2,342
Prepaid expenses and other current assets 8,621
TOTAL CURRENT ASSETS 96,575 15,030
Security deposit - related party 2,009 2,075
Operating lease right-of-use assets, net - related party 44,524 62,523
Property and equipment, net 634 2,023
TOTAL ASSETS 143,742 81,651
CURRENT LIABILITIES:    
Accounts payable 918,195 943,023
Accrued expenses and other payables 687,454 466,115
Accrued interest 56,661 57,822
Loan payable 65,280
Convertible notes, net of discounts and including put premiums 519,718 926,438
Operating lease liability - related party, current portion 21,185 20,605
Embedded conversion option liabilities 132,501 151,262
Due to former director - related party $ 29,777 $ 30,746
Other Liability, Current, Related and Nonrelated Party Status [Extensible Enumeration] Related Party [Member] Related Party [Member]
Loan from former director - related party $ 49,558 $ 51,171
Employee benefit liability 579,888 415,799
TOTAL CURRENT LIABILITIES 3,060,217 3,062,981
NON-CURRENT LIABILITIES:    
Operating lease liability - long-term portion - related party 24,939 42,319
TOTAL NON-CURRENT LIABILITIES 24,939 42,319
TOTAL LIABILITIES 3,085,156 3,105,300
Commitments and Contingencies (See Note 8)
STOCKHOLDERS’ DEFICIT:    
Common stock, $0.001 par value; 10,000,000,000 shares authorized;  2,621,297,786 and 220,350,921 shares issued and outstanding as of  March 31, 2023 and June 30, 2022, respectively 2,621,298 220,351
Common stock issuable (4,434 and 19,597,024 shares as of March 31, 2023 and June 30, 2022, respectively) 4 19,597
Additional paid-in capital 57,068,986 57,124,982
Subscription receivable (23,758)
Accumulated other comprehensive income 1,293,747 1,234,549
Accumulated deficit (63,878,972) (61,557,893)
Treasury stock (1 share) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT (2,941,414) (3,023,649)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 143,742 81,651
Series A Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock value 5,000
Series B Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock value