General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Jun. 30, 2022
Jun. 30, 2021
CURRENT ASSETS:      
Cash $ 93,241 $ 4,067 $ 2,255
GST tax receivable 3,334 2,342 4,341
Prepaid expenses and other current assets 8,621
TOTAL CURRENT ASSETS 96,575 15,030 6,596
Security deposit - related party 2,009 2,075 2,250
Operating lease right-of-use assets, net - related party 44,524 62,523
Property and equipment, net 634 2,023 4,255
TOTAL ASSETS 143,742 81,651 13,101
CURRENT LIABILITIES:      
Accounts payable 918,195 943,023 1,002,335
Accrued expenses and other payables 687,454 466,115 892,151
Accrued interest 56,661 57,822 34,098
Loan payable 65,280  
Convertible notes, net of discounts and including put premiums 519,718 926,438 590,485
Operating lease liability - related party, current portion 21,185 20,605
Embedded conversion option liabilities 132,501 151,262 54,220
Due to former director - related party 29,777 30,746 33,347
Loan from former director - related party 49,558 51,171 55,500
Employee benefit liability 579,888 415,799 418,538
TOTAL CURRENT LIABILITIES 3,060,217 3,062,981 3,080,674
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 3,080,674
Commitments and Contingencies (See Note 8)
STOCKHOLDERS’ DEFICIT:      
Common stock value 2,621 220 14
Common stock issuable 20
Additional paid-in capital 59,687,667 57,364,690 54,088,152
Subscription receivable (23,758)
Accumulated other comprehensive income 1,293,747 1,234,549 1,085,204
Accumulated deficit (63,878,972) (61,557,893) (58,199,466)
Treasury stock (0.001 share) (46,477) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT (2,941,414) (3,023,649) (3,067,573)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 143,742 81,651 13,101
TOTAL LIABILITIES 3,085,156 3,105,300 3,080,674
Series A Preferred Stock [Member]      
STOCKHOLDERS’ DEFICIT:      
Preferred stock value 5,000 5,000
Series B Preferred Stock [Member]      
STOCKHOLDERS’ DEFICIT:      
Preferred stock value