Quarterly report pursuant to Section 13 or 15(d)

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)

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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
3 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
SCHEDULE OF TRANSLATION EXCHANGE RATES

As of September 30, 2021 and June 30, 2021, 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, 2021     June 30, 2021  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.7214       0.7500  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.7350       0.7473  
SCHEDULE OF CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The change in Accumulated Other Comprehensive Income (Loss) by component during the three months ended September 30, 2021 was as follows:

 

    Foreign
Currency Items:
 
Balance, June 30, 2021   $ 1,085,204  
Unrealized foreign currency translation gain     64,193  
Ending balance, September 30, 2021   $ 1,149,397  
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

 

    September 30, 2021     September 30, 2020  
      (Unaudited)       (Unaudited)  
Stock Options     59       60  
Stock Warrants     111,932       135,725  
Unvested restricted stock     59       117  
Convertible Debt     23,293,971       510,674  
Total     23,406,021       646,576