Derivative Liabilities

12 Months Ended

Jun. 30, 2022

Derivative Liabilities

Derivative Liabilities

21. Derivative Liabilities

The derivative liability is derived from the conversion features in note 20 and stock warrant in note 22. All were valued using the weighted-average Binomial option pricing model using the assumptions detailed below. As of June 30, 2022 and 2021, the derivative liability was $5,521,284 and $2,217,361, respectively. The Company recorded $2,809,857 loss and $1,087,485 gain from changes in derivative liability during the year ended June 30, 2022 and 2021, respectively. In addition, the Company recorded $1,272,111 and $414,632 as excess of derivative expense at initial valuation due to the total debt discount cannot excess the face amount of the convertible note balance. The Binomial model with the following assumption inputs:

	June 30, 2021
Annual Dividend Yield		—
Expected Life (Years)		0.50-3.00
Risk-Free Interest Rate		0.01-0.46	%
Expected Volatility		89-236	%

	June 30, 2022
Annual Dividend Yield		—
Expected Life (Years)		0.50-3.00
Risk-Free Interest Rate		0.01-2.92	%
Expected Volatility		133-262	%

Fair value of the derivative is summarized as below:

Beginning Balance, June 30, 2021	$	2,217,361
Additions		2,107,956
Mark to Market		2,809,856
Reclassification to APIC Due to Conversions		(1,613,889	)
Ending Balance, June 30, 2022	$	5,521,284