Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Details Narrative)

v3.22.2.2
RELATED PARTY TRANSACTIONS (Details Narrative)
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 26, 2022
USD ($)
Oct. 26, 2022
AUD ($)
Aug. 02, 2022
USD ($)
Aug. 02, 2022
AUD ($)
Aug. 02, 2022
USD ($)
Aug. 02, 2022
AUD ($)
May 04, 2022
USD ($)
May 04, 2022
AUD ($)
Aug. 12, 2021
USD ($)
shares
Jul. 13, 2020
AUD ($)
May 14, 2019
USD ($)
$ / shares
shares
May 14, 2019
AUD ($)
shares
Mar. 16, 2018
USD ($)
Mar. 16, 2018
AUD ($)
Feb. 01, 2018
USD ($)
Feb. 01, 2018
AUD ($)
Feb. 25, 2016
USD ($)
Feb. 25, 2016
AUD ($)
Feb. 25, 2015
AUD ($)
May 31, 2019
shares
Sep. 30, 2022
USD ($)
$ / shares
shares
Sep. 30, 2022
AUD ($)
shares
Sep. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2022
AUD ($)
Jun. 30, 2021
USD ($)
shares
Jun. 30, 2021
AUD ($)
shares
Jun. 30, 2020
USD ($)
Jun. 30, 2020
AUD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2019
AUD ($)
Sep. 30, 2022
AUD ($)
Jun. 30, 2022
AUD ($)
Related Party Transaction [Line Items]                                                                  
Due to related parties | $                                         $ 28,599     $ 30,746                  
Payments for rent | $                                         6,373   $ 7,736                    
Bonus payable                                         $ 26,620 $ 41,387   99,691 $ 144,166                
Exercise price | $ / shares                                                                
Granted exercise price | $ / shares                                                                
Accrued salaries                                         $ 43,416     37,341               $ 67,500 $ 54,000
Chief Executive Officer [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Payments form related party                                                     $ 221,890 $ 136,606 $ 202,620 $ 64,377 $ 90,000    
Bonus payable amount                                                           137,120 200,000    
Remaining bonus amount                                         $ 90,007 139,937   125,386 181,324         $ 178,256 $ 260,000    
Bonus payable                                                   $ 166,418 $ 422,610 $ 280,726 $ 407,380        
Restricted stock shares of common stock                                       78                          
Nathanielsz Employment Agreement [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Expired date                                     Feb. 25, 2019                            
Annual salary                                     $ 25,000     $ 300,000   205,680                  
Percentage of pension of monthly salary                                         9.50% 9.50%                      
Percentage of bonus of annual base salary                                         200.00% 200.00%                      
Nathanielsz Employment Agreement [Member] | Subsequent Event [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Annual salary $ 414,900 $ 600,000                                                              
Nathanielsz Employment Agreement [Member] | Maximum [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Annual salary     $ 414,900 $ 600,000                 $ 274,240 $ 400,000                                      
Percentage of bonus of annual base salary                                     200.00%   100.00% 100.00%                      
Nathanielsz Employment Agreement [Member] | Minimum [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Annual salary     $ 276,600 $ 400,000                 $ 205,680 $ 300,000                                      
Mrs. Nathanielsz [Member] | Chief Executive Officer [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Bonus payable | $                                                   $ 316,957              
Employment Agreement [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Restricted stock unit shares upon vest                     39 39                                          
Employment Agreement [Member] | Initial Nathanielsz RSUs [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Restricted stock shares of common stock                     39 39                                          
Employment Agreement [Member] | Additional Nathanielsz RSUs [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Restricted stock unit issuable                                         39 39                      
Employment Agreement [Member] | Additional Nathanielsz RSUs [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Grand date fair value, per share | $ / shares                     $ 7.80                                            
Gross proceeds from equity financing | $                     $ 4,000,000                                            
Services Agreement [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Restricted stock unit issuable                                                   20 20            
Services Agreement [Member] | Initial Kenyon RSUs [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Restricted stock shares of common stock                     20 20                                          
Services Agreement [Member] | Additional Kenyon RSUs [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Restricted stock shares of common stock                     20 20                                          
Gross proceeds from equity financing | $                     $ 4,000,000                                            
Restricted stock unit shares upon vest                     5 5                                          
North Horizon Pty Ltd [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Lessor, Operating lease, term of contract             3 years 3 years                                                  
Operating leases rent expense, minimum rentals             $ 2,176 $ 3,000                                                  
Former Director [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Loans from related party | $                                         $ 28,599     30,746                  
Due to related parties | $                                         47,597     51,171                  
Nathanielsz [Member] | North Horizon Pty Ltd [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Operating leases, future minimum payments due                                         $ 84,342     84,452               $ 131,129 $ 122,129
Mrs. Nathanielsz [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Annual salary                             $ 80,904 $ 120,000                                  
Payments form related party                                               $ 5,577 $ 7,689                
James Nathanielsz [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Payments form related party                                 $ 3,205 $ 4,481                              
Mr. Nathanielsz [Member] | Board of Directors [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Officers compensation         $ 96,810 $ 140,000     $ 177,840 $ 240,000 $ 315,376 $ 460,000                                          
Debt conversion, converted instrument, shares issued                 5,928,000                                                
Mr. Nathanielsz [Member] | Board of Directors [Member] | AUD Currency [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Bonus granted percentage                   60.00%                                              
Mr. Nathanielsz [Member] | Employment Agreement [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Annual salary | $                       $ 400,000                                          
Agreement term                     3 years 3 years                                          
Agreement renewal term                     1 year 1 year                                          
Option purchase shares                     39 39                                          
Exercise price | $ / shares                     $ 4,675                                            
Market price                     110.00% 110.00%                                          
Granted exercise price | $ / shares                     $ 4,250                                            
Options vested, description                     The Nathanielsz Options have a term of 10 years from the date of grant. 1/3rd of the Nathanielsz Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Mr. Nathanielsz is employed by the Company and subject to the other provisions of the Employment Agreement. The Initial Nathanielsz RSUs shall vest on the one-year anniversary of the Effective Date, subject to Mr. Nathanielsz’s continued employment with the Company through such vesting date. The Additional Nathanielsz RSUs will vest as follows, subject to Mr. Nathanielsz’s continued employment with the Company through the applicable vesting date: (i) 7.80 of the Additional Nathanielsz RSUs shall vest upon the Company submitting Clinical Trial Application (the “CTA”) for PRP, the Company’s lead product candidate (“PRP”), for a First-In-Human study for PRP (the “Study”) in an applicable jurisdiction to be selected by the Company, (ii) 7.80 of the Additional Nathanielsz RSUs shall vest upon the CTA being approved in an applicable jurisdiction, (iii) 7.80 of the Additional RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iv) 7.80 of the Additional Nathanielsz RSUs shall vest upon the shares of the Company’s Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (v) the remaining 7.80 of the Additional Nathanielsz RSUs shall vest upon the Company enrolling its first patient in the Study. The Nathanielsz Options have a term of 10 years from the date of grant. 1/3rd of the Nathanielsz Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Mr. Nathanielsz is employed by the Company and subject to the other provisions of the Employment Agreement. The Initial Nathanielsz RSUs shall vest on the one-year anniversary of the Effective Date, subject to Mr. Nathanielsz’s continued employment with the Company through such vesting date. The Additional Nathanielsz RSUs will vest as follows, subject to Mr. Nathanielsz’s continued employment with the Company through the applicable vesting date: (i) 7.80 of the Additional Nathanielsz RSUs shall vest upon the Company submitting Clinical Trial Application (the “CTA”) for PRP, the Company’s lead product candidate (“PRP”), for a First-In-Human study for PRP (the “Study”) in an applicable jurisdiction to be selected by the Company, (ii) 7.80 of the Additional Nathanielsz RSUs shall vest upon the CTA being approved in an applicable jurisdiction, (iii) 7.80 of the Additional RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iv) 7.80 of the Additional Nathanielsz RSUs shall vest upon the shares of the Company’s Common Stock being listed on a senior stock exchange (NYSE, NYSEMKT or NASDAQ), and (v) the remaining 7.80 of the Additional Nathanielsz RSUs shall vest upon the Company enrolling its first patient in the Study.                                          
Option term                     10 years 10 years                                          
Dr. Kenyon [Member] | Services Agreement [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Agreement term                     3 years 3 years                                          
Agreement renewal term                     1 year 1 year                                          
Option purchase shares                     20 20                                          
Exercise price | $ / shares                     $ 4,250                                            
Market price                     100.00% 100.00%                                          
Options vested, description                     The Kenyon Options have a term of 10 years from the date of grant. 1/3rd of the Kenyon Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Dr. Kenyon is employed by the Company and subject to the other provisions of the Services Agreement. The Initial Kenyon RSUs shall vest on the one-year anniversary of the Effective Date, subject to Dr. Kenyon’s continued employment with the Company through such vesting date. The Additional Kenyon RSUs will vest as follows, subject to Dr. Kenyon’s continued employment with the Company through the applicable vesting date: (i) 5 of the Additional Kenyon RSUs shall vest upon the Company submitting the CTA for PRP for the Study in an applicable jurisdiction to be selected by the Company, (ii) 5 of the Additional Kenyon RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iii) The Kenyon Options have a term of 10 years from the date of grant. 1/3rd of the Kenyon Options shall vest every successive one-year anniversary following the Effective Date, provided, that on each such vesting date Dr. Kenyon is employed by the Company and subject to the other provisions of the Services Agreement. The Initial Kenyon RSUs shall vest on the one-year anniversary of the Effective Date, subject to Dr. Kenyon’s continued employment with the Company through such vesting date. The Additional Kenyon RSUs will vest as follows, subject to Dr. Kenyon’s continued employment with the Company through the applicable vesting date: (i) 5 of the Additional Kenyon RSUs shall vest upon the Company submitting the CTA for PRP for the Study in an applicable jurisdiction to be selected by the Company, (ii) 5 of the Additional Kenyon RSUs shall vest upon the Company completing an equity financing in the amount of at least $4,000,000 in gross proceeds, (iii)                                          
Option term                     10 years 10 years                                          
Dr. Kenyon [Member] | Cancellation Agreement [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Debt conversion, converted instrument, shares issued                 3,420,000                                                
Cancellation of accrued salary | $                 $ 102,600                                                
Dr Kenyon [Member] | Services Agreement [Member]                                                                  
Related Party Transaction [Line Items]                                                                  
Annual salary | $                       $ 54,000