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

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.23.3
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
REVENUE    
Revenue
OPERATING EXPENSES    
Administration expenses 1,499,885 1,706,452
Occupancy expenses - related party 28,841 28,366
Research and development 247,919 256,052
TOTAL OPERATING EXPENSES 1,776,645 1,990,870
LOSS FROM OPERATIONS (1,776,645) (1,990,870)
OTHER INCOME (EXPENSE)    
Interest expense (532,821) (568,798)
Interest income 36 5,613
Change in fair value of derivative liabilities (530,330) (99,111)
Gain from settlement of accounts payable 17,499
Gain (loss) on extinguishment of debt, net 25,969 (17,503)
Foreign currency transaction gain (loss) 5,885 (42,395)
TOTAL OTHER EXPENSE, NET (1,013,762) (722,194)
LOSS BEFORE TAXES (2,790,407) (2,713,064)
Tax benefit 129,841 54,977
NET LOSS (2,660,566) (2,658,087)
Deemed Dividend (466,273) (700,340)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (3,126,839) $ (3,358,427)
Net loss per share available to common stockholders - basic $ (1.80) $ (49.23)
Net loss per share available to common stockholders - diluted $ (1.80) $ (49.23)
Weighted Average shares outstanding - basic 1,738,802 68,219
Weighted Average shares outstanding - diluted 1,738,802 68,219
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (3,126,839) $ (3,358,427)
OTHER COMPREHENSIVE INCOME (LOSS)    
Unrealized foreign currency translation gain (loss) 60,327 149,345
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 60,327 149,345
TOTAL COMPREHENSIVE LOSS $ (3,066,512) $ (3,209,082)