Business Combination (Tables)

12 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Fair Value of Purchase Price Consideration

The following table summarizes the fair value of purchase price consideration to acquire Lemon Glow (In US $000’s):

Purchase Consideration Summary
In US $000’s		Fair Value
Cash Consideration	(1)	$	4,256
Equity Consideration	(2)	$	7,450
Interest-Bearing Debt Assumed		$	2,043
Total Purchase Consideration		$	13,749

Notes:

(1)	The cash consideration consists of $280,000 in cash and $3,976,000 in promissory notes with 5% simple interest.
(2)	The equity consideration consists of 660,571,429 shares of Common stock and 2,000,000 shares of Series B Preferred stock.

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

Allocation Summary
In US $000’s		Fair Value
Assets Acquired		$	6
Property, Plant & Equipment	(3)	$	2,348
Total Tangible Asset Allocation		$	2,354
Cannabis Cultivation License		$	10,637
Total Identifiable Intangible Assets		$	10,637
Assembled Workforce		$	275
Goodwill (Excluding Assembled Workforce)		$	483
Total Economic Goodwill		$	758
Purchase Consideration to be Allocated		$	13,749

Notes:

(3) The value of the land is excluded in the calculation of depreciation.