Annual report pursuant to Section 13 and 15(d)

Refinancing Agreement (Tables)

v3.21.2
Refinancing Agreement (Tables)
12 Months Ended
Jun. 30, 2021
Refinancing Agreement [Abstract]  
Schedule of total gain/loss related to extinguishment
       
Debt principal ($2,325,200) plus interest payable ($186,014)   $ 2,511,214  
Derivative liability     1,287,662  
Unamortized debt of discount     (340,795 )
Cash paid from Escrow account     (1,300,000 )
1,500 shares of Preferred B     (1,500,001 )
Gain on extinguishment of debt upon refinancing   $ 658,080  
Schedule of a reconciliation of the loss on debt extinguishment
Loss on convertible notes upon conversion   $ 2,100,435  
(Gain) upon refinancing     (658,080 )
Loss on extinguishment debt   $ 1,442,325