Derivative Liability (Details) - Schedule of reconciliation of derivative liability |
9 Months Ended |
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Mar. 31, 2021
USD ($)
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Schedule of reconciliation of derivative liability [Abstract] | |
Beginning balance of derivative liability | $ 1,590,638 |
Initial derivative liability accounted for convertible notes payable issued during the period ended March 31, 2021 | 512,993 |
True-up adjustment in debt discount and derivative liability | 37,360 |
Change in derivative liability during the period | 887,301 |
Reclassify derivative liability associated with Notes converted into loss on debt conversion account | (1,716,114) |
Ending balance of derivative liability | $ 1,312,178 |
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- References No definition available.
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- Definition Initial derivative liability accounted for convertible notes. No definition available.
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- References No definition available.
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- Definition True-up adjustment in debt discount and derivative liability. No definition available.
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- Definition Sum as of the balance sheet date of the (a) fair values of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, and (b) the carrying amounts of the liabilities arising from financial instruments or contracts used to mitigate a specified risk (hedge), and which are expected to be extinguished or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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