Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Jun. 30, 2020
CURRENT ASSETS:    
Cash $ 14,439 $ 67,007
GST tax receivable 4,079 2,015
TOTAL CURRENT ASSETS 18,518 69,022
Security deposit - related party 2,285 2,067
Operating lease right-of-use assets, net - related party 2,397 21,682
Property and equipment, net 4,843 5,747
TOTAL ASSETS 28,043 98,518
CURRENT LIABILITIES:    
Accounts payable 950,131 842,156
Accrued expenses and other payables 556,054 702,231
Convertible notes and related accrued interest, net of discounts and premiums 950,180 1,557,734
Operating lease liability - related party 7,833 25,072
Embedded conversion option liabilities 53,189 177,009
Due to former director - related party 33,867 30,639
Loans from directors and officer - related parties 56,366 50,993
Employee benefit liability 424,101 354,109
TOTAL CURRENT LIABILITIES 3,031,721 3,739,943
TOTAL LIABILITIES 3,031,721 3,739,943
STOCKHOLDERS' DEFICIT:    
Common stock, $0.001 par value; 1,000,000,000 shares authorized;4,968,824 and 258,120 shares issued and outstanding as of March 31, 2021 and June 30, 2020, respectively 4,969 258
Common stock issuable (130,098 and 0 shares as of March 31, 2021 and June 30, 2020, respectively) 130
Additional paid-in capital 53,007,522 50,913,893
Accumulated other comprehensive income 1,053,874 1,267,671
Accumulated deficit (57,028,696) (55,781,770)
Treasury stock (1 share) (46,477) (46,477)
TOTAL STOCKHOLDERS' DEFICIT (3,003,678) (3,641,425)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 28,043 98,518
Series A Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock value 5,000 5,000
Series B Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock value