Quarterly report pursuant to Section 13 or 15(d)

Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)

Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)

3 Months Ended

Sep. 30, 2020

As of September 30, 2020 and June 30, 2020, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

	September 30, 2020		June 30, 2020
Exchange rate on balance sheet dates
USD : AUD exchange rate		0.7170		0.6891

Average exchange rate for the period
USD : AUD exchange rate		0.7151		0.6742

Schedule of Change in Accumulated Other Comprehensive Income (Loss)

Change in Accumulated Other Comprehensive Income (Loss) by component during the three months ended September 30, 2020 was as follows:

	Foreign Currency Items:
Balance, June 30, 2020	$	1,267,671
Foreign currency translation gain		(75,755	)
Ending balance, September 30, 2020	$	1,191,916

Schedule of Property and Equipment Estimated Useful Lives

The estimated useful lives are as follows:

Machinery and equipment	- 5 years
Furniture	- 7 years

Schedule of Dilutive Securities Excluded from Computation

The securities for the period ended September 30, 2020 and 2019 were considered dilutive securities which were excluded from the computation since the effect is anti-dilutive.

	September 30, 2020		September 30, 2019
		(Unaudited)		(Unaudited)
Stock Options		59,644		59,644
Stock Warrants		135,725,000		975,059
Restricted stock to be issued		117,000		117,000
Convertible Debt		510,673,916		4,089,765
Total		646,575,560		5,241,468