General form of registration statement for all companies including face-amount certificate companies

Convertible Notes Payable (Tables)

v3.21.1
Convertible Notes Payable (Tables)
12 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of convertible notes payable
    Principal
($)
    Debt Discount ($)     Net
Value
($)
 
Balance at June 30, 2018     1,576,024       (942,154 )     633,870  
Convertible notes payable issued during fiscal year ended June 30, 2019     1,602,005       -       1,602,005  
Note paid     (102,076 )     -       (102,076 )
Notes converted into shares of common stock     (1,327,953 )     -       (1,327,953 )
Debt discount associated with new convertible notes     -       (1,482,314 )     (1,482,314 )
Amortization of debt discount     -       1,794,209       1,794,209  
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