Schedule of notes payable |
|
|
Principal
($) |
|
|
Debt Discount ($) |
|
|
Net
Value
($) |
|
Balance at June 30, 2019 |
|
|
1,748,000 |
|
|
|
(630,259 |
) |
|
|
1,117,741 |
|
Convertible notes payable issued during fiscal year ended June 30, 2020 |
|
|
2,148,400 |
|
|
|
- |
|
|
|
2,148,400 |
|
Notes converted into shares of common stock |
|
|
(961,000 |
) |
|
|
- |
|
|
|
(961,000 |
) |
Debt discount associated with new convertible notes |
|
|
- |
|
|
|
(1,684,711 |
) |
|
|
(1,684,711 |
) |
Amortization of debt discount |
|
|
- |
|
|
|
1,709,759 |
|
|
|
1,709,759 |
|
Balance at June 30, 2020 |
|
|
2,935,400 |
|
|
|
(605,211 |
) |
|
|
2,330,189 |
|
Convertible notes payable issued during three months ended September 30, 2020 |
|
|
205,700 |
|
|
|
- |
|
|
|
205,700 |
|
Notes converted into shares of common stock |
|
|
(347,000 |
) |
|
|
- |
|
|
|
(347,000 |
) |
Debt discount associated with new convertible notes |
|
|
- |
|
|
|
(126,029 |
) |
|
|
(126,029 |
) |
Amortization of debt discount |
|
|
- |
|
|
|
322,739 |
|
|
|
322,739 |
|
True-up adjustment in debt discount and derivative liability |
|
|
- |
|
|
|
(37,360) |
|
|
|
(37,360) |
|
Balance at September 30, 2020 |
|
|
2,794,100 |
|
|
|
(445,861 |
) |
|
|
2,348,239 |
|
|