Quarterly report pursuant to Section 13 or 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)
6 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Translation Exchange Rates

As of December 31, 2018 and June 30, 2018, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

 

    December 31, 2018     June 30, 2018  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.7406       0.7399  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.7248       0.7753

Schedule of Change in Accumulated Other Comprehensive Income (Loss)

Change in Accumulated Other Comprehensive Income (Loss) by component during the six months ended December 31, 2018 was as follows:

 

    Foreign
Currency Items:
 
Beginning balance, June 30, 2018   $ 357,929  
Foreign currency translation gain     634,495  
Ending balance, December 31, 2018   $ 992,424