NOTES PAYABLE RELATED PARTIES, IN DEFAULT

6 Months Ended

Dec. 31, 2021

NOTE 8. NOTES PAYABLE - RELATED PARTIES,IN DEFAULT

NOTE 8. NOTES PAYABLE, RELATED PARTIES, IN DEFAULT

As of December 31 and June 30, 2021, the Company had $514,438 in outstanding notes payable, related parties. As of December 31 and June 30, 2021, the Company had $27,403 and $9,459, respectively, in accrued interest related to these notes. All of these notes were assumed in connection with the acquisition on March 25, 2021. As of December 31, 2021, all the notes are 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	3/25/2021		308,500	6/3/2021		10	$	308,500	$	308,500
	2	3/25/2021		47,436	6/3/2021		10		47,435		47,435
	3	3/25/2021		158,503	6/3/2021		10		158,503		158,503
		Total						$	514,438	$	514,438