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)

3 Months Ended

Sep. 30, 2022

As of September 30, 2022 and June 30, 2022, 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

	September 30, 2022		June 30, 2022
Exchange rate on balance sheet dates
USD : AUD exchange rate		0.6432		0.6915

Average exchange rate for the period
USD : AUD exchange rate		0.6836		0.7253

SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS

The change in Accumulated Other Comprehensive Income by component during the three months ended September 30, 2022 was as follows:

	Foreign Currency Items:
Balance, June 30, 2022	$	1,234,549
Unrealized foreign currency translation gain		126,396
Ending balance, September 30, 2022	$	1,360,945

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

	September 30, 2022		September 30, 2021
	(Unaudited)		(Unaudited)
Stock Options		59		59
Stock Warrants with no designations		3,305,975		111,932
Series A Warrants as if converted at alternate cashless exercise price		2,030,789,846		-
Series B Warrants		26,250		-
Series C Warrants as if converted at alternate cashless exercise price*		7,499,962,500		-
Unvested restricted stock		59		59
Convertible Debt		884,700,197		23,293,971
Total		10,418,784,886		23,406,021

*	Only convertible ratably upon exercise of Series B Warrants