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Capital Stock
6 Months Ended
Dec. 31, 2019
Equity [Abstract]  
CAPITAL STOCK
3.CAPITAL STOCK

 

Six months ended December 31, 2019

 

During the six months ended December 31, 2019, the Company issued 390,468,995 shares of common stock upon conversion of convertible notes in the amount of $586,686 in principal, plus accrued interest of $83,889 and other fees of $5,500 based upon conversion prices ranging from $0.00102 - $0.00296.

 

During the six months ended December 31, 2019, the Company issued 57,047,643 shares of common stock for services rendered at fair value prices based on the closing market prices for the applicable period of $0.002 - $0.004 per share in the amount of $178,210.

 

Six months ended December 31, 2018

 

During the six months ended December 31, 2018, the Company issued 32,615,769 shares of common stock upon conversion of convertible notes in the amount of $44,500, plus accrued interest of $14,208, with an aggregate fair value loss on conversion of debt of $234,834, based upon a conversion price of $0.009, which was based on the fair value of the shares granted.

 

During the six months ended December 31, 2018, the Company issued 9,603,000 shares of common stock under the 2019 Equity Incentive Plan for services rendered at a fair value price based on the closing market price for the applicable period of $0.0105 per share in the amount of $100,832.