NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

SCHEDULE OF TRANSLATION EXCHANGE RATES

As of December 31, 2022 and June 30, 2022, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

	December 31, 2022		June 30, 2022
Exchange rate on balance sheet dates
USD : AUD exchange rate		0.6805		0.6915
Average exchange rate for the period
USD : AUD exchange rate		0.6705		0.7253

SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS

The change in Accumulated Other Comprehensive Income by component during the six months ended December 31, 2022 was as follows:

	Foreign Currency Items:
Balance, June 30, 2022	$	1,234,549
Unrealized foreign currency translation gain		18,584
Ending balance, December 31, 2022	$	1,253,133

SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVE

The estimated useful lives are as follows:

Machinery and equipment	- 5 years
Furniture	- 7 years

SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE

	December 31, 2022		December 31, 2021
	(Unaudited)		(Unaudited)
Stock Options		59		59
Stock Warrants with no designations		3,305,975		111,910
Series A Warrants as if converted at alternate cashless exercise prices		1,997,190,014		-
Series B Warrants		23,750		-
Series C Warrants as if converted at alternate cashless exercise prices *		7,999,960,000		-
Unvested restricted stock		59		59
Convertible Debt		930,128,205		28,520,974
Total		10,930,608,062		28,633,002

* Only convertible ratably upon exercise of Series B Warrants