Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
|
12 Months Ended |
Jun. 30, 2020 |
Jun. 30, 2019 |
| REVENUE |
|
|
| Revenue |
|
|
| OPERATING EXPENSES |
|
|
| Administration expenses |
3,281,464
|
2,326,350
|
| Occupancy expenses |
32,809
|
28,062
|
| Research and development |
179,987
|
260,335
|
| TOTAL OPERATING EXPENSES |
3,494,260
|
2,614,747
|
| LOSS FROM OPERATIONS |
(3,494,260)
|
(2,614,747)
|
| OTHER INCOME (EXPENSE) |
|
|
| Interest expense |
(1,748,381)
|
(1,314,539)
|
| Interest income |
946
|
31
|
| Other income |
57,636
|
|
| Derivative income (expense) |
385,293
|
(2,472,146)
|
| Gain on debt settlements, net |
|
14,101
|
| Gain on extinguishment of debt, net |
67,123
|
1,204,242
|
| Foreign currency transaction loss |
(143,808)
|
(690,748)
|
| TOTAL OTHER EXPENSE, NET |
(1,381,191)
|
(3,259,059)
|
| LOSS BEFORE TAXES |
(4,875,451)
|
(5,873,806)
|
| TAX BENEFIT |
134,728
|
115,437
|
| NET LOSS |
$ (4,740,723)
|
$ (5,758,369)
|
| BASIC AND DILUTED NET LOSS PER SHARE |
$ (0.19)
|
$ (10.97)
|
| BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING |
24,633,637
|
524,939
|
| NET LOSS |
$ (4,740,723)
|
$ (5,758,369)
|
| OTHER COMPREHENSIVE INCOME |
|
|
| Unrealized foreign currency translation gain |
200,673
|
709,069
|
| TOTAL OTHER COMPREHENSIVE INCOME |
200,673
|
709,069
|
| TOTAL COMPREHENSIVE INCOME (LOSS) |
$ (4,540,050)
|
$ (5,049,300)
|