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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Dec. 31, 2021
DERIVATIVE FINANCIAL INSTRUMENTS  
Schedule of compound embedded derivatives

 

 

December 31, 2021

 

 

 

Indexed

 

 

Fair

 

The financings giving rise to derivative financial instruments

 

Shares

 

 

Values

 

Compound embedded derivative

 

 

585,842

 

 

$(288,518)

 

 

 

June 30, 2021

 

 

 

Indexed

 

 

Fair

 

The financings giving rise to derivative financial instruments

 

Shares

 

 

Values

 

Compound embedded derivative

 

 

405,106

 

 

$(254,700)
Schedule of derivative financial instruments

 

 

Six Months Ended

 

 

 

December 31,

2021

 

 

December 31,

2020

 

Compound embedded derivative

 

$(33,818)

 

$(132,545)

Day one derivative loss

 

 

-

 

 

 

-

 

Total derivative gain (loss)

 

$(33,818)

 

$(132,545)
Schedule of Fair value derivative liabilities

 

 

 

 

 

December 31,

 

 

December 31,

 

 

 

Inception

 

 

2021

 

 

2020

 

Quoted market price on valuation date

 

$0.01

 

 

$1.01

 

 

$0.0002

 

Contractual conversion rate

 

$

 0.0054 - $0.0081

 

 

$

 $0.486 - $0.817

 

 

$

0.00010 - $0.00016

 

Range of effective contractual conversion rates

 

 

-

 

 

 

-

 

 

 

-

 

Contractual term to maturity

 

1.00 Year

 

 

0.25 Years

 

 

0.25 Years

 

Market volatility:

 

 

 

 

 

 

 

 

 

 

 

 

Volatility

 

138.28%-238.13

%

 

138.28%-238.13

%

 

138.28%-238.13

%

Contractual interest rate

 

5%-12

%

 

5%-12

%

 

5%-12

%

Schedule of Convertible Notes

 

 

December 31,

2021

 

 

June 30,

2021

 

Beginning balance

 

$254,700

 

 

$257,493

 

Issuances:

 

 

 

 

 

 

 

 

Convertible Note Financing

 

 

-

 

 

 

-

 

Removals

 

 

-

 

 

 

-

 

Changes in fair value inputs and assumptions reflected

 

 

33,818

 

 

 

223,264

 

Conversions

 

 

-

 

 

 

(226,057)

Ending balance

 

$288,518

 

 

$254,700