Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Deficit

v3.20.2
Consolidated Statements of Changes in Stockholders' Deficit - USD ($)
Series A Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income [Member]
Total
Balance at Jun. 30, 2018 $ 5,000 $ 93 $ 38,214,213 $ (45,282,678) $ (46,477) $ 357,929 $ (6,751,920)
Balance, shares at Jun. 30, 2018 500,000 1 92,859          
Issuance of common stock for conversion of convertible debt and accrued interest $ 704 3,350,079 3,350,783
Issuance of common stock for conversion of convertible debt and accrued interest, shares 704,258          
Reclassification of put premium upon debt conversion 1,824,317 1,824,317
Extinguishment of derivative liability associated with convertible notes 1,029,039 1,029,039
Issuance of common stock for exercise of warrants 30 30
Issuance of common stock for exercise of warrants, shares 24          
Foreign currency translation gain/loss 709,069 709,069
Issuance of common stock under put premium $ 147 1,100,233 1,100,380
Issuance of common stock under put premium, shares 147,200          
Issuance of common stock for offering costs $ 8 298,914 298,922
Issuance of common stock for offering costs, shares 7,701          
Issuance of common stock for services $ 16 168,984 169,000
Issuance of common stock for services, shares 16,000          
Amortization of offering costs (313,923) (313,923)
Stock based compensation in connection with stock option grants and restricted stock unit grants 41,436 41,436
Issuance of units for cash, shares            
Net loss (5,758,369) (5,758,369)
Balance at Jun. 30, 2019 $ 5,000 $ 968 45,713,322 (51,041,047) (46,477) 1,066,998 (4,301,236)
Balance, shares at Jun. 30, 2019 500,000 1 968,042          
Issuance of common stock for conversion of convertible debt and accrued interest $ 247,619 1,877,555 2,125,174
Issuance of common stock for conversion of convertible debt and accrued interest, shares 247,619,247          
Reclassification of put premium upon debt conversion 874,924 874,924
Foreign currency translation gain/loss 200,673 200,673
Relative fair value of warrants issued with convertible debt 375,905 375,905
Issuance of common stock for services $ 8,729 104,913 113,642
Issuance of common stock for services, shares 8,728,574          
Stock based compensation in connection with stock option grants and restricted stock unit grants 300,416 300,416
Stock based compensation in connection with fair value of warrants issued for services 984,810 984,810
Issuance of units for cash $ 804 424,186 424,990
Issuance of units for cash, shares 804,518          
Net loss (4,740,723) (4,740,723)
Balance at Jun. 30, 2020 $ 5,000 $ 258,120 $ 50,656,031 $ (55,781,770) $ (46,477) $ 1,267,671 $ (3,641,425)
Balance, shares at Jun. 30, 2020 500,000 1 258,120,381