Refinancing Agreement (Details) - Schedule of a reconciliation of the loss on debt extinguishment |
12 Months Ended |
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Jun. 30, 2021
USD ($)
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Schedule of a reconciliation of the loss on debt extinguishment [Abstract] | |
Loss on convertible notes upon conversion | $ 2,100,435 |
(Gain) upon refinancing | (658,080) |
Loss on extinguishment debt | $ 1,442,325 |
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- Definition (Gain) upon refinancing. No definition available.
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- Definition Loss on extinguishment debt. No definition available.
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- References No definition available.
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- Definition Consideration given by issuer of convertible debt to provide an incentive for debt holders to convert the debt to equity securities. The expense is equal to the fair value of all securities and other consideration transferred in the transaction in excess of the fair value of securities issuable pursuant to the original conversion terms. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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