Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Jun. 30, 2023
CURRENT ASSETS:    
Cash $ 71,650 $ 10,047
GST tax receivable 3,908 2,867
Prepaid expenses and other current assets 12,139 6,125
Refundable advance deposit 123,127
TOTAL CURRENT ASSETS 210,824 19,039
Security deposit - related party 2,044 1,999
Property and equipment, net 50 302
TOTAL ASSETS 241,907 60,328
CURRENT LIABILITIES:    
Accounts payable 1,157,691 966,718
Accrued expenses and other payables 689,594 579,707
Accrued interest 66,319 44,709
Note payable, net of discount 132,000
Convertible notes, net of discounts and including put premiums 687,650 390,539
Embedded conversion option liabilities 219,045 423,209
Employee benefit liability 624,654 587,618
TOTAL CURRENT LIABILITIES 3,762,251 3,158,229
NON-CURRENT LIABILITIES:    
TOTAL NON-CURRENT LIABILITIES 43,255 19,278
TOTAL LIABILITIES 3,805,506 3,177,507
Commitments and Contingencies (See Note 8)
STOCKHOLDERS’ DEFICIT:    
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 36,169,023 and 6,031,250 shares issued and outstanding as of December 31, 2023 and June 30, 2023, respectively 36,169 6,031
Common stock issuable (0 and 1,621,653 shares as of December 31, 2023 and June 30, 2023, respectively) 1,621
Additional paid-in capital 61,018,603 60,311,502
Subscription receivable (8,822)
Accumulated other comprehensive income 1,234,070 1,294,876
Accumulated deficit (65,797,142) (64,684,732)
Treasury stock ($0.001 share) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT (3,563,599) (3,117,179)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 241,907 60,328
Series A Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value
Series B Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value
Related Party [Member]    
CURRENT ASSETS:    
Operating lease right-of-use assets, net - related party 28,989 38,988
CURRENT LIABILITIES:    
Loan from former director - related party 16,429
Operating lease liability - related party, current portion 22,880 21,505
NON-CURRENT LIABILITIES:    
Loan payable - long-term - related party, net of discount 35,214
Operating lease liability - long-term portion - related party 8,041 19,278
Nonrelated Party [Member]    
CURRENT LIABILITIES:    
Loan from former director - related party 65,280 65,280
Former Director [Member]    
CURRENT LIABILITIES:    
Loan from former director - related party 50,416 49,314
Due to former director - related party $ 30,293 $ 29,630