XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.1
NOTES PAYABLE (Details Narrative)
9 Months Ended
Mar. 31, 2021
USD ($)
Commitments and contingencies [Member]  
2021 $ 131,710
2021 through 2024 177,463
Borkwood Development Ltd [Member]  
Notes Payable 650,000
Unpaid balance $ 127,029
Interest rate on notes payable 5.00%
Notes payable description The Company has the right to prepay the note at any time with a notice of 14 days. To secure the payment of principal and interest the Sellers will receive a perfect lien and security interest in the Shares in the company ANV until the note with accrued interest is paid in full, and, in the case that the Note has not been repaid within 12 months from the day of closing the Sellers have the right to convert the debt to common stock of Advanced Oxygen Technologies, Inc. in an amount of non-diluted shares calculated on the conversion Date, equal to the lesser of : a) Six hundred and Fifty thousand $(650,000) or the Purchase Price minus the principal payments made by the buyer, whichever is greater, divided by the previous ten day closing price of AOXY as quoted on the national exchange, or b) Fifteen million shares, whichever is lesser.
Note B [Member]  
Notes Payable $ 50,433
Principal payments 14,085
Interest payments 2,087
Danish Krone [Member] | Note B [Member]  
Notes Payable $ 1,132,000
Interest rate on notes payable 2.00%
Term 2 years 9 months