Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v3.23.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
REVENUE        
Revenue
OPERATING EXPENSES        
Administration expenses 311,824 443,629 1,302,576 1,221,533
Occupancy expenses - related party 8,365 8,157 22,244 22,443
Research and development 66,020 50,395 242,223 147,702
TOTAL OPERATING EXPENSES 386,209 502,181 1,567,043 1,391,678
LOSS FROM OPERATIONS (386,209) (502,181) (1,567,043) (1,391,678)
OTHER INCOME (EXPENSE)        
Interest expense (157,208) (167,375) (418,579) (455,133)
Interest income 8 27
Change in fair value of derivative liabilities (238,367) 165,365 (110,859) (2,392)
Gain from settlement of accounts payable 17,499
Gain on extinguishment of debt, net (10,724) 32,186
Foreign currency transaction gain (loss) (19,025) 41,717 3,210 40,631
TOTAL OTHER EXPENSE, NET (425,316) 39,707 (476,516) (416,894)
LOSS BEFORE TAXES (811,525) (462,474) (2,043,559) (1,808,572)
Tax benefit 1,716 (213) 131,037 55,250
NET LOSS (809,809) (462,687) (1,912,522) (1,753,322)
Deemed Dividend (237,389) (408,557) (445,631)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (809,809) $ (700,076) $ (2,321,079) $ (2,198,953)
BASIC AND DILUTED NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (0.00) $ (0.01) $ (0.00) $ (0.05)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 1,924,073,522 66,353,881 1,115,848,071 47,561,123
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized foreign currency translation gain (loss) $ 40,614 $ (55,096) $ 59,198 $ 1,400
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 40,614 (55,096) 59,198 1,400
TOTAL COMPREHENSIVE LOSS $ (769,195) $ (755,172) $ (2,261,881) $ (2,197,553)