Warrants (Details) - USD ($)
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12 Months Ended |
Jun. 30, 2023 |
Dec. 29, 2022 |
Sep. 23, 2022 |
Jun. 30, 2022 |
Jan. 01, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
Warrants [Line Items] |
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Warrant issued |
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4,000,000
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Adjusted exercise price (in Dollars per share) |
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$ 0.25
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Strike price (in Dollars per share) |
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$ 0.1
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Volatility rate |
121.75%
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143.39%
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121.75%
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143.39%
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Risk-free rate |
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4.06%
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1.25%
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Warrant Strike Price (in Dollars per share) |
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$ 0.5
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Warrant, description |
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Certain warrants in the below table include dilution
protection for the warrant holders, which could cause the exercise price to be adjusted either higher or lower as a result of various
financing events and stock transactions. The result of the warrant exercise price downward adjustment on modification date is treated
as a deemed dividend and fully amortized on the transaction date. In addition to the reduction in exercise price, with certain wararnts
there is a corresponding increase to the number of warrants to the holder on a prorated basis. Under certain conditions, such as the
successful retirement of a convertible note through repayment, it is possible for the exercise price of these warrants to increase and
for the number of warrants outstanding to decrease.
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Cumulative promissory notes share |
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12,870,000
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Aggregate of shares |
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6,549,128
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Stock purchase warrants |
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4,928,260
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Purchase warrants, description |
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During the fiscal year ended June 30, 2023 the
Company issued 1,871,800 warrants to various subscribers under its Tier 2 offering pursuant to Regulation A (also known as “Regulation
A+”) pursuant to which the Company is offering up to 5,000,000 units at a price of $0.50 per unit, each unit consisting of
4 shares of common stock and 4 common stock purchase warrants (“Unit”) for exercise at at a strike price per Share equal
to 125% of the price per share of common stock, or $0.15625 per share with a term of 2 years.
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Aggregate of common shares |
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5,750,000
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Net Proceeds (in Dollars) |
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$ 276,066
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Cash exercise of warrants |
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6,900,000
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Exercise price (in Dollars per share) |
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$ 0.05
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Gross proceeds (in Dollars) |
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$ 345,000
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Aggregate intrinsic value (in Dollars) |
$ 4,215,000
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$ 11,650
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Common stock in exchange |
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10,869,566
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Accumulative returnable warrants |
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10,869,566
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Common Stock [Member] |
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Warrants [Line Items] |
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Shares issued |
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8,700,000
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Aggregate of shares |
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5,750,000
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Cash exercise of warrants |
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12,299,128
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Minimum [Member] |
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Warrants [Line Items] |
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Risk-free rate |
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3.69%
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Initial exercise prices (in Dollars per share) |
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$ 0.05
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Maximum [Member] |
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Warrants [Line Items] |
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Risk-free rate |
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4.27%
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Initial exercise prices (in Dollars per share) |
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$ 0.125
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Black Scholes Model [Member] |
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Warrants [Line Items] |
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Warrant issued |
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167,500
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Adjusted exercise price (in Dollars per share) |
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$ 0.2
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Warrant Agreement [Member] |
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Warrants [Line Items] |
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Warrant issued |
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100,000
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100,000
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Strike price (in Dollars per share) |
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$ 0.125
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Volatility rate |
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151.07%
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151.07%
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Risk-free rate |
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0.79%
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Warrant Strike Price (in Dollars per share) |
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$ 0.2626
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Warrant term |
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5 years
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5 years
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Letter of Engagement Agreement [Member] |
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Warrants [Line Items] |
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Strike price (in Dollars per share) |
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$ 0.033
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Volatility rate |
113.71%
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113.71%
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Risk-free rate |
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3.69%
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Warrant term |
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5 years
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Issuance of warrants |
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1,000,000
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B Preferred [Member] |
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Warrants [Line Items] |
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Shares issued |
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1,310
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1,740
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Common Stock [Member] |
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Warrants [Line Items] |
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Shares issued |
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655,000
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Common Stock [Member] | Warrant [Member] |
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Warrants [Line Items] |
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Adjusted exercise price (in Dollars per share) |
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$ 0.2919
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Warrant [Member] |
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Warrants [Line Items] |
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Warrant issued |
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8,700,000
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Warrant, description |
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During the fiscal year ended June 30, 2023, 2,800,000 warrants
were issued to the holder of an outstanding promissory note with an initial exercise price of $0.225 per share, 280,000 warrants
were concurrently issued to the Placement Agent with an initial exercise price of $0.225, and a further 119,260 warrants were issued
to the Placement Agent with initial exercise price of $0.27 per share. The Company valued these warrants using the Black Scholes model
utilizing a 122.42% volatility and a risk-free rate of 3.91%. On October 4, 2022, the Company and the Placement Agent
entered into an Addendum to amend their Letter of Engagement to cancel compensatory warrants to purchase 280,000 shares of common stock
of the Company and to cancel returnable compensatory warrants to purchase 700,000 shares of Common Stock of the Company for a one time
cash payment of $35,000 and the issuance of 500,000 shares of Common Stock in full satisfaction of compensation earned.
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Warrant [Member] | Minimum [Member] |
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Warrants [Line Items] |
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Volatility rate |
111.36%
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111.36%
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Risk-free rate |
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3.41%
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Initial exercise prices (in Dollars per share) |
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$ 0.033
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Warrant [Member] | Maximum [Member] |
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Warrants [Line Items] |
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Volatility rate |
112.33%
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112.33%
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Risk-free rate |
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4.18%
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Initial exercise prices (in Dollars per share) |
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$ 0.12
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Warrant [Member] | Black Scholes Model [Member] |
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Warrants [Line Items] |
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Warrant issued |
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167,500
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Adjusted exercise price (in Dollars per share) |
$ 0.13796
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$ 0.3
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Volatility rate |
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148.06%
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148.06%
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Warrant [Member] | B Preferred [Member] |
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Warrants [Line Items] |
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Warrant issued |
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6,550,000
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First Warrants [Member] |
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Warrants [Line Items] |
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Cumulative promissory notes share |
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19,460,000
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Placement agent warrants |
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546,000
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Second Warrants [Member] |
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Warrants [Line Items] |
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Cumulative promissory notes share |
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4,875,189
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Placement agent warrants |
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831,386
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Warrant Agreement Exchange [Member] |
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Warrants [Line Items] |
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Warrant issued |
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16,181,393
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Adjusted exercise price (in Dollars per share) |
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$ 0.0747
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Price per share (in Dollars per share) |
$ 0.0747
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0.0747
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Warrant Agreement Exchange [Member] | Minimum [Member] |
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Warrants [Line Items] |
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Exercise price (in Dollars per share) |
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0.2
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Warrant Agreement Exchange [Member] | Maximum [Member] |
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Warrants [Line Items] |
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Exercise price (in Dollars per share) |
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0.3
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Returnable Warrants [Member] |
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Warrants [Line Items] |
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Volatility rate |
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124.14%
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Risk-free rate |
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3.94%
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Returnable warrants issued |
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18,956,523
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Promissory note dated |
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Sep. 23, 2022
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Initial exercise price (in Dollars per share) |
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$ 0.3
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Additional financing costs in cumulative amount (in Dollars) |
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$ 1,085,780
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Cumulative amount (in Dollars) |
$ 809.8
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$ 809.8
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Returnable Warrants [Member] | Minimum [Member] |
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Warrants [Line Items] |
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Risk-free rate |
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3.67%
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Returnable Warrants [Member] | Maximum [Member] |
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Warrants [Line Items] |
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Risk-free rate |
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391.00%
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Returnable Warrants [Member] | Common Stock [Member] |
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Warrants [Line Items] |
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Returnable warrants issued |
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10,869,566
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Common stock in exchange |
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3,800,000
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Returnable Warrants [Member] | Ownership [Member] |
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Warrants [Line Items] |
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Ownership percentage |
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4.99%
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Convertible Notes Payable [Member] |
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Warrants [Line Items] |
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Strike price (in Dollars per share) |
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$ 0.25
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Convertible Notes Payable [Member] | Returnable Warrants [Member] |
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Warrants [Line Items] |
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Returnable warrants issued |
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12,460,000
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Black Scholes Model [Member] | Warrant [Member] |
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Warrants [Line Items] |
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Risk-free rate |
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0.83%
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Black Scholes [Member] | Minimum [Member] |
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Warrants [Line Items] |
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Volatility rate |
110.80%
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110.80%
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Black Scholes [Member] | Maximum [Member] |
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Warrants [Line Items] |
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Volatility rate |
111.31%
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111.31%
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Black Scholes [Member] | Returnable Warrants [Member] | Minimum [Member] |
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Warrants [Line Items] |
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Volatility rate |
111.36%
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111.36%
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Black Scholes [Member] | Returnable Warrants [Member] | Maximum [Member] |
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Warrants [Line Items] |
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Volatility rate |
112.33%
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112.33%
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Investors and Placement Agents [Member] |
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Warrants [Line Items] |
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Warrant issued |
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6,900,000
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Placement Agent [Member] |
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Warrants [Line Items] |
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Warrant issued |
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878,260
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Placement Agent [Member] | Returnable Warrants [Member] |
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Warrants [Line Items] |
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Returnable warrants issued |
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5,434,785
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Accumulative returnable warrants |
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546,000
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Lock-Up Agreement [Member] |
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Warrants [Line Items] |
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Warrant issued |
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400,000
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400,000
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Strike price (in Dollars per share) |
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$ 0.3
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$ 0.3
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Volatility rate |
103.60%
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107.93%
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103.60%
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107.93%
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Risk-free rate |
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4.30%
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0.50%
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Warrant term |
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1 year
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1 year
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MFN Agreement [Member] | Returnable Warrants [Member] |
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Warrants [Line Items] |
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Returnable warrants issued |
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1,086,957
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