Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.22.4
Debt (Tables)
6 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
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     (362,319 )                     (362,319 )
Gain on extinguish of portion of principal             (72,464 )             (72,464 )
Amortization of debt discount                     960,197       960,197  
Penalty     181,159                       181,159  
Conversion price change             1,843,475               1,843,475  
Balance at December 31, 2022     905,797       1,988,402       -       2,894,199  

 

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             (346,070 )     (346,070 )
Amortization of debt discount             69,256       69,256  
Balance at December 31, 2022   $ 700,000     $ (276,814 )   $ 423,186