Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
9 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

NOTE 12 – SUBSEQUENT EVENTS

 

Exercise of Warrants

 

Between April 15, 2021 and May 6, 2021, the Company issued an aggregate of 3,750 shares of common stock from the exercise of 3,750 Series B Warrants and the Company received gross proceeds of $150,000.

 

Between April 7, 2021, through May 7, 2021, the Company issued an aggregate of 599,997 shares of common stock and from the alternate cashless exercise of 3 Series A warrants.

 

Note Conversions

 

On April 20, 2021, the Company issued 264,500 shares of its common stock at an average contractual conversion price of $0.11 as a result of the conversion of principal of $24,793, interest of $3,182 and conversion fees $750 underlying certain outstanding convertible notes converted during such period. The Company reclassified $16,529 in put premiums to additional paid in capital following conversions in April 2021.

 

Common Stock Issuable

 

The 130,098 shares of common stock issuable as of March 31, 2021 were issued on April 9, 2021.