XML 17 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Balance Sheet - USD ($)
Jun. 30, 2020
Jun. 30, 2019
CURRENT ASSETS:    
Cash $ 37,195 $ 339,923
Other Assets 375,785 334,150
Total Current Assets 412,980 674,073
OTHER ASSETS:    
Intangible Assets 1,325,226 1,554,603
Goodwill 345,711 345,711
Total Fixed Assets 1,670,937 1,900,314
TOTAL ASSETS 2,083,917 2,574,387
CURRENT LIABILITIES:    
Accounts Payable and accrued expenses 1,259,206 443,480
Derivative liability - warrants 16,411,504
Derivative liability - conversion option on convertible debenture 5,000,800
Convertible debenture - related party, net of unearned discount $462,864 and capitalized accrued interest of $48,407 and $0 at June 30, 2020 and June 30, 2019, respectively 848,543
Total Current Liabilities 23,520,053 443,480
LONG TERM LIABILITIES:    
Loan Payable 62,500
TOTAL LIABILITIES: 23,582,553 443,480
STOCKHOLDERS' EQUITY    
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.0001 par value; 800,000,000 shares authorized at June 30, 2020 and June 30, 2019, respectively; 5,204,392 and 4,058,724 shares issued and outstanding at June 30, 2020 and June 30, 2019, respectively 520 406
Additional paid in capital 19,538,742 9,392,573
Accumulated deficit (41,037,898) (7,262,072)
Total Stockholders' Equity (21,498,636) 2,130,907
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,083,917 $ 2,574,387