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Subsequent Events
3 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

29. Subsequent Events

 

Entry into Promissory Note and Warrants

 

On November 14, 2022, the Company entered into a loan with Mast Hill Fund L.P. for borrowing $532,000 with maturity date on November 14, 2023; the note bears an interest of 16% per annum. The note shall be convertible into shares of common stock at conversion price of $0.0001, subject to adjustments. In connection with the issuance of the note, the Company granted 1,773,333,333 shares of common stock purchase warrant at an exercise price of $0.0003. The warrant period commencing on the issuance date and ending on the five-year anniversary.

 

On November 14, 2022, the Company granted 95,600,000 shares of common stock purchase warrant to J.H. Darbie & Co., Inc. for service provided according to the fee agreement dated December 28, 2021, at an exercise price of $0.0003. The warrant period commencing on the issuance date and ending on the five-year anniversary.

 

On November 15, 2022, the Company paid off the promissory note of 1800 Diagonal Lending LLC date April 27, 2022 in total cash of $80,765.