Related Party Transactions

6 Months Ended

Dec. 31, 2020

Related Party Transactions

Note 9 - Related Party Transactions

In March 2020, the Company entered into a promissory note with the Chief Executive Officer for $600,000 in exchange for a total of a $565,000 cash payment. The note is in default and due upon demand and the interest rate was increased to 12%.

In March 2020, the Company entered into a promissory note with the Chief Technology Officer for $50,000. The note matured on January 1, 2021 and no principal or interest payments were made on that date therefore the note is in default and the interest rate increased to 12%.