Annual report pursuant to Section 13 and 15(d)

Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)

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Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)
12 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of Translation Exchange Rates

As of June 30, 2018 and June 30, 2017, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

 

    June 30, 2018     June 30, 2017  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.7399       0.7676  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.7753       0.7544  

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (Loss) by component during the years ended June 30, 2018 and 2017 were as follows:

 

    Foreign 
Currency Items:
 
Beginning balance, June 30, 2016   $ 131,264  
Foreign currency translation gain     (273,013 )
Balance, June 30, 2017     (141,749 )
Foreign currency translation loss     499,678  
Ending balance, June 30, 2018   $ 357,929