Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
REVENUE        
Revenue
OPERATING EXPENSES        
Administration expenses 443,629 373,834 1,221,533 913,124
Occupancy expenses 8,157 9,231 22,443 26,185
Research and development 50,395 44,887 147,702 145,898
TOTAL OPERATING EXPENSES 502,181 427,952 1,391,678 1,085,207
LOSS FROM OPERATIONS (502,181) (427,952) (1,391,678) (1,085,207)
OTHER INCOME (EXPENSE)        
Interest expense (167,375) (102,901) (455,133) (420,017)
Interest income 1
Change in fair value of derivative liabilities 165,365 (55,158) (2,392) (7,156)
Gain from settlement of debt, net 48,390 48,390
Gain on extinguishment of debt, net 622 50,607
Foreign currency transaction gain 41,717 6,984 40,631 54,179
TOTAL OTHER INCOME (EXPENSE), NET 39,707 (102,063) (416,894) (273,996)
LOSS BEFORE TAXES (462,474) (530,015) (1,808,572) (1,359,203)
Tax (expense) benefit (213) 112,277 55,250 112,277
NET LOSS (462,687) (417,738) (1,753,322) (1,246,926)
Deemed Dividend (237,389) (445,631)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (700,076) $ (417,738) $ (2,198,953) $ (1,246,926)
BASIC AND DILUTED NET LOSS PER SHARE $ (0.01) $ (0.12) $ (0.05) $ (0.76)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 66,353,881 3,452,810 47,561,123 1,631,175
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (700,076) $ (417,738) $ (2,198,953) $ (1,246,926)
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized foreign currency translation gain (loss) (55,096) 29,723 1,400 (213,797)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (55,096) 29,723 1,400 (213,797)
TOTAL COMPREHENSIVE LOSS $ (755,172) $ (388,015) $ (2,197,553) $ (1,460,723)