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

Consolidated Balance Sheets

v3.23.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Jun. 30, 2022
CURRENT ASSETS:    
Cash $ 10,047 $ 4,067
GST tax receivable 2,867 2,342
Prepaid expenses and other current assets 6,125 8,621
TOTAL CURRENT ASSETS 19,039 15,030
Property and equipment, net 302 2,023
TOTAL ASSETS 60,328 81,651
CURRENT LIABILITIES:    
Accounts payable 966,718 943,023
Accrued expenses and other payables 579,707 466,115
Accrued interest 44,709 57,822
Loan from former director - related party 65,280
Convertible notes, net of discounts and including put premiums 390,539 926,438
Embedded conversion option liabilities 423,209 151,262
Employee benefit liability 587,618 415,799
TOTAL CURRENT LIABILITIES 3,158,229 3,062,981
NON-CURRENT LIABILITIES:    
TOTAL NON-CURRENT LIABILITIES 19,278 42,319
TOTAL LIABILITIES 3,177,507 3,105,300
Commitments and Contingencies (See Note 9)  
STOCKHOLDERS’ DEFICIT:    
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 6,031,250 and 220,351 shares issued and outstanding as of June 30, 2023 and 2022, respectively 6,031 220
Common stock issuable (1,621,653 and 19,597 shares as of June 30, 2023 and 2022, respectively) 1,621 20
Additional paid-in capital 60,311,502 57,364,690
Subscription receivable (23,758)
Accumulated other comprehensive income 1,294,876 1,234,549
Accumulated deficit (64,684,732) (61,557,893)
Treasury stock (0.001 share) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT (3,117,179) (3,023,649)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 60,328 81,651
Series A Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value 5,000
Series B Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value
Related Party [Member]    
CURRENT ASSETS:    
Security deposit - related party 1,999 2,075
Operating lease right-of-use assets, net - related party 38,988 62,523
CURRENT LIABILITIES:    
Loan from former director - related party 49,314 51,171
Operating lease liability - related party, current portion 21,505 20,605
Due to former director - related party 29,630 30,746
NON-CURRENT LIABILITIES:    
Operating lease liability - long-term portion - related party $ 19,278 $ 42,319