Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Jun. 30, 2023
CURRENT ASSETS:    
Cash $ 6,625 $ 10,047
GST tax receivable 2,634 2,867
Prepaid expenses and other current assets 20,376 6,125
Refundable advance deposit 116,169
TOTAL CURRENT ASSETS 145,804 19,039
Security deposit - related party 1,928 1,999
Property and equipment, net 160 302
TOTAL ASSETS 180,371 60,328
CURRENT LIABILITIES:    
Accounts payable 1,081,316 966,718
Accrued expenses and other payables 614,870 579,707
Accrued interest 52,743 44,709
Note payable, net of discount 126,000
Convertible notes, net of discounts and including put premiums 397,443 390,539
Embedded conversion option liabilities 119,069 423,209
Employee benefit liability 579,083 587,618
TOTAL CURRENT LIABILITIES 3,133,113 3,158,229
NON-CURRENT LIABILITIES:    
TOTAL NON-CURRENT LIABILITIES 36,517 19,278
TOTAL LIABILITIES 3,169,630 3,177,507
Commitments and Contingencies (See Note 8)
STOCKHOLDERS’ DEFICIT:    
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 14,833,210 and 6,031,250 shares issued and outstanding as of September 30, 2023 and June 30, 2023, respectively 14,833 6,031
Common stock issuable (626,229 and 1,621,653 shares as of September 30, 2023 and June 30, 2023, respectively) 626 1,621
Additional paid-in capital 60,851,382 60,311,502
Accumulated other comprehensive income 1,368,550 1,294,876
Accumulated deficit (65,178,173) (64,684,732)
Treasury stock (0.001 share) (46,477) (46,477)
TOTAL STOCKHOLDERS’ DEFICIT (2,989,259) (3,117,179)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 180,371 60,328
Series A Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value
Series B Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value
Related Party [Member]    
CURRENT ASSETS:    
Operating lease right-of-use assets, net - related party 32,479 38,988
CURRENT LIABILITIES:    
Loan payable 47,567 49,314
Operating lease liability - related party, current portion 21,161 21,505
Due to former director - related party 28,581 29,630
NON-CURRENT LIABILITIES:    
Loan payable - long-term - related party, net of discount 23,371
Operating lease liability - long-term portion - related party 13,146 19,278
Nonrelated Party [Member]    
CURRENT LIABILITIES:    
Loan payable $ 65,280 $ 65,280