Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
REVENUE    
Revenue
OPERATING EXPENSES    
Administration expenses 833,414 384,600
Occupancy expenses 10,632 8,078
Research and development 65,372 56,193
TOTAL OPERATING EXPENSES 909,418 448,871
LOSS FROM OPERATIONS (909,418) (448,871)
OTHER INCOME (EXPENSE)    
Interest expense (675,225) (624,538)
Interest income 3 4
Change in fair value of derivative liabilities 518,956 (1,971,116)
Gain (loss) on debt settlements, net 14,421
Gain on extinguishment of debt, net 1,185,871
Foreign currency transaction loss (535,150) (280,707)
TOTAL OTHER (EXPENSE) (691,416) (1,676,065)
LOSS BEFORE TAXES (1,600,834) (2,124,936)
TAX BENEFIT 108,894
NET LOSS $ (1,491,940) $ (2,124,936)
BASIC AND DILUTED NET LOSS PER SHARE $ (1.41) $ (10.00)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 1,054,433 224,965
NET LOSS $ (1,491,940) $ (2,124,936)
OTHER COMPREHENSIVE INCOME (LOSS)    
Unrealized foreign currency translation gain 563,687 276,216
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 563,687 276,216
TOTAL COMPREHENSIVE INCOME (LOSS) $ (928,253) $ (1,848,720)