Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.24.3
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
REVENUE    
Revenue
OPERATING EXPENSES    
Administration expenses 1,253,797 1,499,885
Occupancy expenses - related party 34,150 28,841
Research and development 248,102 247,919
TOTAL OPERATING EXPENSES 1,536,049 1,776,645
LOSS FROM OPERATIONS (1,536,049) (1,776,645)
OTHER INCOME (EXPENSE)    
Interest expense (665,841) (532,821)
Interest income 60 36
Derivative expense (141,012)
Change in fair value of derivative liabilities 316,537 (530,330)
Gain from settlement of accounts payable 17,499
Gain on extinguishment of debt, net 54,565 25,969
Foreign currency transaction gain 22,080 5,885
TOTAL OTHER EXPENSE, NET (413,611) (1,013,762)
LOSS BEFORE TAXES (1,949,660) (2,790,407)
Tax benefit 129,132 129,841
NET LOSS (1,820,528) (2,660,566)
Deemed Dividend (192,960) (466,273)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (2,013,488) $ (3,126,839)
BASIC NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (0.02) $ (1.80)
DILUTED NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (0.02) $ (1.80)
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING 85,045,339 1,738,802
DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 85,045,339 1,738,802
OTHER COMPREHENSIVE INCOME (LOSS)    
Unrealized foreign currency translation gain (loss) $ (25,295) $ 60,327
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (25,295) 60,327
TOTAL COMPREHENSIVE LOSS $ (2,038,783) $ (3,066,512)