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Derivative Liabilities (Tables)
6 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Binomial Model Assumptions Inputs

The Binomial model with the following assumption inputs:

 

      December 31, 2020  
Annual dividend yield      
Expected life (years)     0.2-1.00  
Risk-free interest rate     0.09-0.16 %
Expected volatility     89-187 %

 

      June 30, 2020  
Annual dividend yield      
Expected life (years)      0.5-1.00  
Risk-free interest rate     0.16-2.10 %
Expected volatility     113-175 %

Schedule of Fair Value of Derivative

Fair value of the derivative is summarized as below:

 

Beginning Balance, June 30, 2020   $ 5,597,095  
Additions     2,326,977  
Cancellation of Derivative Liabilities Due to Cash Repayment     (228,489 )
Cancellation of Derivative liabilities Due to Share Reservation     (214,757 )
Mark to Market     (3,763,618 )
Reclassification to APIC due to conversions     (2,122,022 )
Ending Balance, December 31, 2020   $ 1,595,186  

  

Beginning Balance, June 30, 2019   $ 2,991,953  
Additions     3,538,927  
Mark to Market     2,314,089  
Reclassification to APIC due to conversions     (957,488 )
Ending Balance, December 31, 2019   $ 3,259,345