Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

v3.23.1
DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
SCHEDULE OF FAIR VALUE MEASUREMENTS, RECURRING AND NONRECURRING, VALUATION TECHNIQUES

 

   

Initial Valuations
(on new derivative
instruments entered

into during the nine
months ended
March 31, 2023)

  March 31, 2023  
Volatility   228.29256.02%     267.38 %
Expected Remaining Term (in years)   0.220.28     0.01 - 0.03  
Risk Free Interest Rate   3.134.42%     4.74 %
Expected dividend yield   None     None  
SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

 

    Balance at
March 31, 2023
   

Quoted Prices

in Active

Markets for

Identical
Assets

   

Significant

Other

Observable
Inputs

   

Significant

Unobservable Inputs

 
              (Level 1)       (Level 2)       (Level 3)  
Embedded conversion option liabilities   $ 132,501     $     $     $ 132,501  
Total   $ 132,501     $     $     $ 132,501  

 

    Balance at
June 30, 2022
   

Quoted Prices

in Active

Markets for

Identical
Assets

   

Significant

Other

Observable
Inputs

   

Significant

Unobservable Inputs

 
              (Level 1)       (Level 2)       (Level 3)  
Embedded conversion option liabilities   $ 151,262     $     $     $ 151,262  
Total   $ 151,262     $     $     $ 151,262  
SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE

The following is a roll forward for the nine months ended March 31, 2023 of the fair value liability of price adjustable derivative instruments:

 

    Fair Value of  
    Liability for  
    Derivative  
    Instruments  
Balance at June 30, 2022   $ 151,262  
Initial fair value of embedded conversion option derivative liability recorded as debt discount     93,668  
Reduction of derivative liability upon debt conversion     (223,288 )
Change in fair value included in statements of operations     110,859  
Balance at March 31, 2023   $ 132,501