Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.25.0.1
Condensed Consolidated Balance Sheets
Dec. 31, 2024
USD ($)
Jun. 30, 2024
USD ($)
CURRENT ASSETS:    
Cash $ 14,633 $ 21,085
GST tax receivable 1,973 2,950
Prepaid expenses and other current assets 1,378 1,406
TOTAL CURRENT ASSETS 17,984 25,441
Deferred offering costs 52,117 27,117
Security deposit - related party 1,855 2,008
TOTAL ASSETS 78,533 72,365
CURRENT LIABILITIES:    
Accounts payable 1,223,254 1,213,335
Accrued expenses and other payables 899,262 792,190
Accrued interest 135,351 94,612
Notes payable, net of discount 168,217 204,694
Convertible notes, net of discounts and including put premiums 409,799 399,325
Embedded conversion option liabilities 131,585 133,886
Employee benefit liability 611,318 639,371
TOTAL CURRENT LIABILITIES 4,154,964 3,792,782
NON-CURRENT LIABILITIES:    
TOTAL NON-CURRENT LIABILITIES 82,328 58,642
TOTAL LIABILITIES 4,237,292 3,851,424
Commitments and Contingencies (See Note 8)
STOCKHOLDERS’ DEFICIT:    
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 14,508 and 7,980 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively 14 8
Additional paid-in capital 61,878,549 61,696,049
Accumulated other comprehensive income 1,491,868 1,269,581
Accumulated deficit (67,482,713) (66,698,220)
Treasury stock ($0.001 share) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT (4,158,759) (3,779,059)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 78,533 72,365
Series B Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value
Related Party [Member]    
CURRENT ASSETS:    
Operating lease right-of-use assets, net - related party 6,577 17,799
CURRENT LIABILITIES:    
Loan payable 350,544 71,629
Operating lease liability - related party, current portion 7,298 19,362
NON-CURRENT LIABILITIES:    
Loan payable - long-term - related party, net of discount 82,328 58,642
Nonrelated Party [Member]    
CURRENT LIABILITIES:    
Loan payable 145,091 145,091
Former Director [Member]    
CURRENT LIABILITIES:    
Loan payable 45,754 49,528
Due to former director - related party $ 27,491 $ 29,759