Schedule of notes payable |
|
|
Principal ($) |
|
|
Debt Discount ($) |
|
|
Net Value ($) |
|
Balance at June 30, 2019 |
|
|
1,748,000 |
|
|
|
(630,259 |
) |
|
|
1,117,741 |
|
Convertible notes payable issued during fiscal year ended June 30, 2020 |
|
|
2,148,400 |
|
|
|
- |
|
|
|
2,148,400 |
|
Notes converted into shares of common stock |
|
|
(961,000 |
) |
|
|
- |
|
|
|
(961,000 |
) |
Debt discount associated with new convertible notes |
|
|
- |
|
|
|
(1,684,711 |
) |
|
|
(1,684,711 |
) |
Amortization of debt discount |
|
|
- |
|
|
|
1,709,759 |
|
|
|
1,709,759 |
|
Balance at June 30, 2020 |
|
|
2,935,400 |
|
|
|
(605,211 |
) |
|
|
2,330,189 |
|
Convertible notes payable issued during six months ended December 31, 2020 |
|
|
617,100 |
|
|
|
- |
|
|
|
617,100 |
|
Notes converted into shares of common stock |
|
|
(562,000 |
) |
|
|
- |
|
|
|
(562,000 |
) |
Debt discount associated with new convertible notes |
|
|
- |
|
|
|
(373,612 |
) |
|
|
(373,612 |
) |
Amortization of debt discount |
|
|
- |
|
|
|
576,787 |
|
|
|
576,787 |
|
True-up adjustment in debt discount and derivative liability |
|
|
- |
|
|
|
(37,360 |
) |
|
|
(37,360 |
) |
Balance at September 30, 2020 |
|
|
2,990,500 |
|
|
|
(439,396 |
) |
|
|
2,551,104 |
|
|