NOTES PAYABLE, IN DEFAULT

6 Months Ended

Dec. 31, 2021

NOTES PAYABLE, IN DEFAULT

NOTE 7. NOTES PAYABLE, IN DEFAULT

NOTE 7. NOTES PAYABLE, IN DEFAULT 

As of December 31 and June 30, 2021, the Company had $121,225 and $200,705, respectively, in outstanding notes payable. Notes 1, 2 and 3 were assumed in connection with the acquisition on March 25, 2021. As of December 31, 2021, note 1 remains outstanding and is in default.

Ref No.		Date of Note Issuance	Original Principal Balance		Maturity Date	Interest Rate %		Principal Balance 12/31/21		Principal Balance 6/30/2021
	1	12/25/2020	$	146,021	12/15/2020		10	$	121,225	$	137,755
	2	3/25/2021		37,949	6/3/2021		10		-		37,950
	3	5/10/2021		20,000	11/10/2021		5		-		20,000
	4	6/29/2021		5,000	12/29/2021		5		-		5,000
		Total						$	121,225	$	200,705