Schedule of convertible notes payable |
|
|
Principal ($) |
|
|
Stock- settled Debt ($)
|
|
|
Debt Discount ($) |
|
|
Net Value ($) |
|
Balance at June 30, 2021 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Convertible notes payable issued during fiscal year ended June 30, 2022 |
|
|
1,086,957 |
|
|
|
|
|
|
|
|
|
|
|
1,086,957 |
|
Debt discount associated with new convertible notes |
|
|
|
|
|
|
|
|
|
|
(1,018,229 |
) |
|
|
(1,018,229 |
) |
Conversion price adjusted from $0.25 to $0.20 |
|
|
|
|
|
|
217,391 |
|
|
|
(217,391 |
) |
|
|
- |
|
Amortization of debt discount |
|
|
|
|
|
|
|
|
|
|
275,423 |
|
|
|
275,423 |
|
Balance at June 30, 2022 |
|
|
1,086,957 |
|
|
|
217,391 |
|
|
|
(960,197 |
) |
|
|
344,151 |
|
Cash repayment |
|
|
(289,855 |
) |
|
|
|
|
|
|
|
|
|
|
(289,855 |
) |
Gain on extinguish of portion of principal |
|
|
|
|
|
|
(57,971 |
) |
|
|
|
|
|
|
(57,971 |
) |
Amortization of debt discount |
|
|
|
|
|
|
|
|
|
|
539,570 |
|
|
|
539,570 |
|
Balance at September 30, 2022 |
|
|
797,102 |
|
|
|
159,420 |
|
|
|
(420,627 |
) |
|
|
535,895 |
|
|
Schedule of promissory notes payable |
|
|
Principal $
|
|
|
Debt Discount $
|
|
|
Net Value $ |
|
Balance at June 30, 2022 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Promissory notes payable issued during the three months ended September 30, 2022 |
|
|
700,000 |
|
|
|
|
|
|
|
700,000 |
|
Debt discount associated with Promissory notes |
|
|
|
|
|
|
(347,070 |
) |
|
|
(347,070 |
) |
Amortization of debt discount |
|
|
|
|
|
|
4,975 |
|
|
|
4,975 |
|
Balance at September 30, 2022 |
|
$ |
700,000 |
|
|
$ |
(341,095 |
) |
|
$ |
358,905 |
|
|