Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
REVENUE        
Revenue
OPERATING EXPENSES        
Administration expenses 348,841 311,824 1,060,854 1,302,576
Occupancy expenses - related party 6,578 8,365 19,584 22,244
Research and development 65,448 66,020 195,712 242,223
TOTAL OPERATING EXPENSES 420,867 386,209 1,276,150 1,567,043
LOSS FROM OPERATIONS (420,867) (386,209) (1,276,150) (1,567,043)
OTHER INCOME (EXPENSE)        
Interest expense (133,141) (157,208) (575,837) (418,579)
Interest income 27 8 60 27
Derivative expense (123,379)
Change in fair value of derivative liabilities 70,213 (238,367) 372,371 (110,859)
Gain from settlement of accounts payable 17,499
Gain (loss) on extinguishment of debt, net (6,781) (10,724) 27,318 32,186
Foreign currency transaction gain (loss) (36,426) (19,025) (15,228) 3,210
TOTAL OTHER INCOME (EXPENSE), NET (106,108) (425,316) (314,695) (476,516)
LOSS BEFORE TAXES (526,975) (811,525) (1,590,845) (2,043,559)
Tax benefit 275 1,716 128,895 131,037
NET LOSS (526,700) (809,809) (1,461,950) (1,912,522)
Deemed Dividend (15,800) (192,960) (408,557)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (542,500) $ (809,809) $ (1,654,910) $ (2,321,079)
BASIC NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (0.01) $ (0.42) $ (0.05) $ (2.08)
DILUTED NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (0.01) $ (0.42) $ (0.05) $ (2.08)
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING 59,639,618 1,924,074 31,378,516 1,115,848
DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 59,639,618 1,924,074 31,378,516 1,115,848
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized foreign currency translation gain (loss) $ 105,380 $ 40,614 $ 44,574 $ 59,198
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 105,380 40,614 44,574 59,198
TOTAL COMPREHENSIVE LOSS $ (437,120) $ (769,195) $ (1,610,336) $ (2,261,881)