Derivative Liability (Tables)

12 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Reconciliation of the Derivative Liability

The following table presents a reconciliation of the derivative liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) from June 30, 2018 to June 30, 2019, as there was no derivative liability at June 30, 2017:

	Conversion feature derivative liability
June 30, 2018	$	-
Initial fair value of derivative liability recorded as debt discount		75,000
Initial fair value of derivative liability recorded as deferred financing costs		3,000
Initial fair value of derivative liability charged to other expense		25,161
Loss on change in fair value included in earnings		30,508
June 30, 2019	$	133,669

Schedule of Derivative Assumptions

The Company used the following assumptions for determining the fair value of the convertible instruments granted under the binomial pricing model with Binomial simulations at June 30, 2019:

Expected volatility		1,872.2	%
Expected term		11.5 months
Risk-free interest rate		1.92	%
Stock price	$	0.85