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FAIR VALUE MEASUREMENT
12 Months Ended
Jun. 30, 2024
FAIR VALUE MEASUREMENT  
FAIR VALUE MEASUREMENT

NOTE 13 – FAIR VALUE MEASUREMENT

 

Fair value measurements

 

At June 30, 2024 and 2023, the fair value of derivative liabilities is estimated using the Cox, Ross & Rubinstein Binomial Tree valuation model using inputs that include the expected volatility, the implied risk-free interest rate, as well as the expected dividend rate. The derivative liabilities are the only Level 3 fair value measures.

 

At June 30, 2023, the estimated fair values of the liabilities measured on a recurring basis are as follows:

 

 

 

Fair Value Measurements at

 

 

 

June 30, 2023:

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Derivative liability – Convertible notes

 

$-

 

 

$-

 

 

$80,707

 

Derivative liability – Warrants

 

 

-

 

 

 

-

 

 

 

-

 

Total derivative liability

 

$-

 

 

$-

 

 

$80,707

 

 

At June 30, 2024, the estimated fair values of the liabilities measured on a recurring basis are as follows:

 

 

 

Fair Value Measurements at

 

 

 

June 30, 2024:

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Derivative liability – Convertible notes

 

$-

 

 

$-

 

 

$41,566

 

Derivative liability – Warrants

 

 

-

 

 

 

-

 

 

 

-

 

Total derivative liability

 

$-

 

 

$-

 

 

$41,566