Derivative Liabilities

3 Months Ended

Sep. 30, 2022

Derivative Liabilities

Derivative Liabilities

20. Derivative Liabilities

The derivative liability is derived from the conversion features in note 19 and stock warrant in note 21. All were valued using the weighted-average Binomial option pricing model using the assumptions detailed below. As of September 30, 2022 and June 30, 2022, the derivative liability was $1,941,302 and $5,521,284, respectively. The Company recorded $3,697,931 and $325,234 gain from changes in derivative liability during the period ended September 30, 2022 and 2021, respectively. The Binomial model with the following assumption inputs:

	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	%

	September 30, 2022
Annual Dividend Yield		—
Expected Life (Years)		0.50-3.00
Risk-Free Interest Rate		2.79-4.22	%
Expected Volatility		183-248	%

Fair value of the derivative is summarized as below:

Beginning Balance, June 30, 2022	$	5,521,284
Additions		117,949
Mark to Market		(3,697,931	)
Reclassification to APIC Due to Conversions		-
Ending Balance, September 30, 2022	$	1,941,302