Investors

Financials

v3.24.3
Condensed Consolidated Balance Sheets
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
CURRENT ASSETS:    
Cash $ 9,268 $ 21,085
GST tax receivable 3,309 2,950
Prepaid expenses and other current assets 8,957 1,406
TOTAL CURRENT ASSETS 21,534 25,441
Deferred offering costs 27,117 27,117
Security deposit - related party 2,081 2,008
TOTAL ASSETS 63,644 72,365
CURRENT LIABILITIES:    
Accounts payable 1,238,589 1,213,335
Accrued expenses and other payables 875,199 792,190
Accrued interest 111,652 94,612
Notes payable, net of discount 213,109 204,694
Convertible notes, net of discounts and including put premiums 381,789 399,325
Embedded conversion option liabilities 134,234 133,886
Employee benefit liability 677,902 639,371
TOTAL CURRENT LIABILITIES 4,101,244 3,792,782
NON-CURRENT LIABILITIES:    
TOTAL NON-CURRENT LIABILITIES 70,485 58,642
TOTAL LIABILITIES 4,171,729 3,851,424
Commitments and Contingencies (See Note 8)
STOCKHOLDERS’ DEFICIT:    
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 688,022,017 and 478,802,488 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively 688,022 478,802
Additional paid-in capital 61,132,262 61,217,255
Accumulated other comprehensive income 1,170,638 1,269,581
Accumulated deficit (67,052,530) (66,698,220)
Treasury stock ($0.001 share) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT (4,108,085) (3,779,059)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 63,644 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 12,912 17,799
CURRENT LIABILITIES:    
Loan from former director - related party 227,328 71,629
Operating lease liability - related party, current portion 14,185 19,362
NON-CURRENT LIABILITIES:    
Loan payable - long-term - related party, net of discount 70,485 58,642
Nonrelated Party [Member]    
CURRENT LIABILITIES:    
Loan from former director - related party 145,091 145,091
Former Director [Member]    
CURRENT LIABILITIES:    
Loan from former director - related party 51,326 49,528
Due to former director - related party $ 30,840 $ 29,759

Source

v3.24.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
REVENUE    
Revenue
OPERATING EXPENSES    
Administration expenses 220,759 393,828
Occupancy expenses - related party 8,317 7,149
Research and development 61,714 16,242
TOTAL OPERATING EXPENSES 290,790 417,219
LOSS FROM OPERATIONS (290,790) (417,219)
OTHER INCOME (EXPENSE)    
Interest expense (86,230) (178,234)
Interest income 1 17
Derivative expense (27,182) (77,721)
Change in fair value of derivative liabilities 52,787 303,929
Gain (loss) on extinguishment of debt, net (11,319) 34,310
Foreign currency transaction gain (loss) 8,423 (15,948)
TOTAL OTHER INCOME (EXPENSE), NET (63,520) 66,353
LOSS BEFORE TAXES (354,310) (350,866)
Tax benefit
NET LOSS (354,310) (350,866)
Deemed Dividend (142,575)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (354,310) $ (493,441)
BASIC NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (0.00) $ (0.04)
DILUTED NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS $ (0.00) $ (0.04)
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING 590,937,498 10,989,681
DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 590,937,498 10,989,681
OTHER COMPREHENSIVE INCOME (LOSS)    
Unrealized foreign currency translation gain (loss) $ (98,943) $ 73,674
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (98,943) 73,674
TOTAL COMPREHENSIVE LOSS $ (453,253) $ (419,767)

Source

v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (354,310) $ (350,866)  
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:      
Issuance of common stock for services 7,500  
Foreign currency transaction loss (gain) (8,423) 15,948  
Depreciation expense 134  
Amortization of debt discounts 56,983 69,457  
Amortization of right-of-use assets 5,534 5,128  
Change in fair value of derivative liabilities (52,787) (303,929)  
Derivative expense 27,182 77,721  
Loss (gain) on extinguishment of debt, net 11,319 (34,310)  
Non-cash interest expense 2,548 1,437  
Accretion of put premium 88,846  
Changes in Assets and Liabilities:      
GST receivable (251) 132  
Prepaid expenses and other assets (14,468)  
Refundable advance deposit (116,169)  
Accounts payable (18,797) 148,834  
Employee benefit liability 15,317 12,275  
Accrued expenses and other payables 54,457 55,693  
Accrued interest 24,093 15,712  
Operating lease liability (5,880) (5,032)  
NET CASH USED IN OPERATING ACTIVITIES (235,515) (333,457)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 60,000 220,000  
Repayment of convertible note (142,909)  
Proceeds from note payable 120,000  
Proceeds from loans payable - related parties 155,699 153,256  
NET CASH PROVIDED BY FINANCING ACTIVITIES 215,699 350,347  
Effect of exchange rate changes on cash 7,999 (20,312)  
NET DECREASE IN CASH (11,817) (3,422)  
CASH AT BEGINNING OF PERIOD 21,085 10,047 $ 10,047
CASH AT END OF PERIOD 9,268 6,625 $ 21,085
Supplemental Disclosure of Cash Flow Information      
Interest 2,606 2,713  
Income Tax  
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Reduction of put premium related to conversions of convertible notes 9,336 34,838  
Conversion of convertible notes and accrued interest to common stock 51,978 114,131  
Debt discounts related to derivative liability 60,000 70,000  
Relative fair value of warrant granted in connection with a loan payable - related party 141,084  
Deemed dividend upon alternate cashless exercise of warrants 142,575  
Issuance of common stock for prepaid service $ 7,500  

Source

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