Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Jun. 30, 2021
CURRENT ASSETS:    
Cash $ 45,817 $ 2,255
GST tax receivable 2,238 4,341
Prepaid expenses and other current assets 8,353
TOTAL CURRENT ASSETS 56,408 6,596
Security deposit - related party 2,164 2,250
Property and equipment, net 3,593 4,255
TOTAL ASSETS 62,165 13,101
CURRENT LIABILITIES:    
Accounts payable 826,184 1,002,335
Accrued expenses and other payables 407,775 892,151
Convertible notes and related accrued interest, net of discounts and premiums 584,608 624,583
Embedded conversion option liabilities 58,124 54,220
Due to former director - related party 32,076 33,347
Loan from former director - related party 53,384 55,500
Employee benefit liability 406,644 418,538
TOTAL CURRENT LIABILITIES 2,368,795 3,080,674
TOTAL LIABILITIES 2,368,795 3,080,674
Commitments and Contingencies (See Note 8)  
STOCKHOLDERS’ DEFICIT:    
Common stock, $0.001 par value; 1,000,000,000 shares authorized;43,841,644 and 14,055,393 shares issued and outstanding as of September 30, 2021 and June 30, 2021, respectively 43,842 14,056
Common stock issuable (2,002,549 and 59 shares as of September 30, 2021 and June 30, 2021, respectively) 2,002
Additional paid-in capital 55,444,574 54,074,110
Subscription receivable (100,000)
Accumulated other comprehensive income 1,149,397 1,085,204
Accumulated deficit (58,804,968) (58,199,466)
Treasury stock (1 share) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT (2,306,630) (3,067,573)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 62,165 13,101
Series A Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock 5,000 5,000
Series B Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock