Derivative Liability (Tables)

12 Months Ended

Jun. 30, 2020

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, 2020:

	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
Initial fair value of derivative liability recorded as debt discount		1,115,000
Initial fair value of derivative liability charged to other expense		1,610,913
Gain on change in fair value included in earnings		(1,961,951	)
June 30, 2020	$	897,631

Schedule of Derivative Assumptions

The Company used the following range of assumptions for determining the fair value of the convertible instruments granted under the binomial pricing model with binomial simulations at June 30, 2020:

Expected volatility		195.3% - 250.8	%
Expected term		5.1 – 11.4 months
Risk-free interest rate		0.16% - 0.18	%
Stock price	$	0.08

Schedule of Fair Value On Recurring Basis Derivative Liability

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of June 30, 2020 and 2019:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Derivative liability, June 30, 2020	$	-	$	-	$	897,631

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Derivative liability, June 30, 2019	$	-	$	-	$	133,669