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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
REVENUES        
License revenues $ 9,211 $ 8,062 $ 21,176 $ 63,429
COST OF SALES 0 (99) 0 0
GROSS MARGIN 9,211 8,161 21,176 63,429
OPERATING EXPENSES        
Research and development 1,535 5,092 6,421 20,378
Professional fees 35,521 39,700 114,939 142,916
General and administrative 8,590 37,519 28,682 127,920
Depreciation and amortization 1,020 0 1,020 0
Total Operating Expenses 46,666 82,311 151,062 291,214
OPERATING LOSS (37,455) (74,150) (129,886) (227,785)
OTHER INCOME (EXPENSE)        
Loss on out of court settlement 0 0 (6,714) 0
Gain (loss) on foreign exchange 12,838 7,013 19,547 13,470
Interest expense (3,667) (2,508) (10,357) (8,724)
Total other income (expense) 9,171 4,505 2,476 4,746
LOSS BEFORE INCOME TAXES AND NON-CONTROLLING INTEREST (28,284) (69,645) (127,410) (223,039)
Provision for income taxes 0 1,481 0 2,694
NET LOSS BEFORE NON-CONTROLLING INTEREST (28,284) (71,126) (127,410) (225,733)
Less: Net loss attributable to non-controlling interest 1,588 4,713 3,982 13,001
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS (26,696) (66,413) (123,428) (212,732)
OTHER COMPREHENSIVE LOSS        
Foreign currency translation adjustments (1,894) (3,247) (1,129) (4,583)
COMPREHENSIVE LOSS $ (30,178) $ (74,373) $ (128,539) $ (230,316)
BASIC AND DILUTED LOSS PER SHARE $ (0.00) $ (0.00) $ (0.00) $ (0.00)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 202,308,054 199,295,503 201,313,316 196,410,717