Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3.a.u2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
REVENUE        
Revenue
OPERATING EXPENSES        
Administration expenses 1,375,971 656,594 2,209,385 1,041,194
Occupancy expenses 7,592 6,449 18,224 14,527
Research and development 37 94,777 65,409 150,970
TOTAL OPERATING EXPENSES 1,383,600 757,820 2,293,018 1,206,691
LOSS FROM OPERATIONS (1,383,600) (757,820) (2,293,018) (1,206,691)
OTHER INCOME (EXPENSE)        
Interest expense (446,082) (494,989) (1,121,307) (1,119,527)
Interest income 3 23 6 27
Change in fair value of derivative liabilities (675,024) 39,470 (156,068) (1,931,646)
Gain (loss) on debt settlements, net (132) 14,289
Gain (loss) on extinguishment of debt, net 20,176 (20,355) 20,176 1,165,516
Foreign currency transaction gain (loss) 617,561 (333,205) 82,411 (613,912)
TOTAL OTHER INCOME (EXPENSE) (483,366) (809,188) (1,174,782) (2,485,253)
LOSS BEFORE TAXES (1,866,966) (1,567,008) (3,467,800) (3,691,944)
TAX (EXPENSE) BENEFIT (143) 116,970 108,751 116,970
NET LOSS $ (1,867,109) $ (1,450,038) $ (3,359,049) $ (3,574,974)
BASIC AND DILUTED NET LOSS PER SHARE $ (1.25) $ (41.33) $ (2.64) $ (11.57)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 1,492,757 35,081 1,273,029 309,114
NET LOSS $ (1,867,109) $ (1,450,038) $ (3,359,049) $ (3,574,974)
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized foreign currency translation gain (loss) (629,494) 358,279 (65,807) 634,495
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (629,494) 358,279 (65,807) 634,495
TOTAL COMPREHENSIVE INCOME (LOSS) $ (2,496,603) $ (1,091,759) $ (3,424,856) $ (2,940,479)