Refinancing Agreement (Details) - Schedule of gain/loss related to extinguishment |
12 Months Ended |
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Jun. 30, 2021
USD ($)
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Refinancing Agreement (Details) - Schedule of gain/loss related to extinguishment [Line Items] | |
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) |
Gain on extinguishment of debt upon refinancing | 658,080 |
Preferred Stock B [Member] | |
Refinancing Agreement (Details) - Schedule of gain/loss related to extinguishment [Line Items] | |
1,500 shares of Preferred B | $ (1,500,001) |
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. No definition available.
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- Definition The amount of preferred stock value. No definition available.
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- References No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset. No definition available.
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- Details
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