Quarterly report pursuant to Section 13 or 15(d)

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2023

As of March 31, 2023 and June 30, 2022, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

SCHEDULE OF TRANSLATION EXCHANGE RATES

	March 31, 2023		June 30, 2022
Exchange rate on balance sheet dates
USD : AUD exchange rate		0.6697		0.6915

Average exchange rate for the period
USD : AUD exchange rate		0.6794		0.7253

SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS

The change in Accumulated Other Comprehensive Income by component during the nine months ended March 31, 2023 was as follows:

	Foreign Currency Items:
Balance, June 30, 2022	$	1,234,549
Unrealized foreign currency translation gain		59,198
Ending balance, March 31, 2023	$	1,293,747

SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVE

The estimated useful lives are as follows:

Machinery and equipment		- 5 years
Furniture		- 7 years

SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS

	March 31, 2023		March 31, 2022
	(Unaudited)		(Unaudited)
Stock Options		59		59
Warrants with no designations		3,305,975		109,361
Series A Warrants as if converted at alternate cashless exercise prices		1,997,190,014		-
Series B Warrants		19,375		-
Series C Warrants as if converted at alternate cashless exercise prices *		8,874,955,625		-
Unvested restricted stock units		59		59
Convertible Debt		529,536,021		71,349,657
Total		11,405,007,128		71,459,136

*	Only convertible ratably upon exercise of Series B Warrants