Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.21.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
REVENUE    
Revenue
OPERATING EXPENSES    
Administration expenses 1,553,075 3,281,464
Occupancy expenses 28,112 32,809
Research and development 230,956 179,987
TOTAL OPERATING EXPENSES 1,812,143 3,494,260
LOSS FROM OPERATIONS (1,812,143) (3,494,260)
OTHER INCOME (EXPENSE)    
Interest expense (449,457) (1,748,381)
Interest income 1 946
Other income 57,636
Change in fair value of derivative liabilities (8,186) 385,293
Gain from settlement of debt, net 49,319
Gain on extinguishment of debt, net 50,607 67,123
Foreign currency transaction gain (loss) 30,497 (143,808)
TOTAL OTHER EXPENSE, NET (327,219) (1,381,191)
LOSS BEFORE TAXES (2,139,362) (4,875,451)
Tax benefit 113,415 134,728
NET LOSS (2,025,947) (4,740,723)
Deemed dividend (391,749)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (2,417,696) $ (4,740,723)
BASIC AND DILUTED NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (0.80) $ (192.45)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 3,032,612 24,634
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (2,417,696) $ (4,740,723)
OTHER COMPREHENSIVE INCOME (LOSS)    
Unrealized foreign currency translation gain (loss) (182,467) 200,673
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (182,467) 200,673
TOTAL COMPREHENSIVE LOSS $ (2,600,163) $ (4,540,050)