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)

6 Months Ended

Dec. 31, 2021

As of December 31, 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:

SCHEDULE OF TRANSLATION EXCHANGE RATES

	December 31, 2021		June 30, 2021
Exchange rate on balance sheet dates
USD : AUD exchange rate		0.7271		0.7500

Average exchange rate for the period
USD : AUD exchange rate		0.7317		0.7473

SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS

The change in Accumulated Other Comprehensive Income by component during the six months ended December 31, 2021 was as follows:

	Foreign Currency Items:
Balance, June 30, 2021	$	1,085,204
Unrealized foreign currency translation gain		56,496
Ending balance, December 31, 2021	$	1,141,700

SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVE

The estimated useful lives are as follows:

Machinery and equipment	- 5 years
Furniture	- 7 years

SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE

	December 31, 2021		December 31, 2020
		(Unaudited)		(Unaudited)
Stock Options		59		60
Stock Warrants		111,910		135,724
Unvested restricted stock		59		59
Convertible Debt		28,520,974		4,199,847
Total		28,633,002		4,335,690