Quarterly report pursuant to Section 13 or 15(d)

Capital Stock Activity

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Capital Stock Activity
6 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Capital Stock Activity
12. Capital Stock Activity The Company had 68,886,863 and 61,796,680 shares of its $0.001 par value common stock issued and outstanding as of December 31, 2020 and June 30, 2020 respectively.
       
   

During the six months ended December 31, 2020 the Company issued 5,857,199 shares in regards to debt being converted into stock valued at $562,000, and issued 649,070 shares of common stock valued at $61,486 as part of a loan agreement and payment of interest as part of the debt conversion. Also during these six months the Company issued 583,914 shares for services valued at $88,673. Further during these six months the Company accounted in additional paid in capital the warrants issued for services valued at $65,711 and loss on fair value of shares upon conversion amounting to $359,467.

 

During the six months ended December 31, 2019 the Company issued 207,762 shares of common stock for services valued at $70,897, issued 2,909,844 shares in regards to debt being converted into stock valued at $557,000, and issued 217,631 shares of common stock valued at $42,336 as part of a loan agreement and payment of interest as part of the debt conversion. Further during these six months the Company accounted in derivative liability reclassed upon debt conversion amounting to $342,344.