Derivative Liabilities

6 Months Ended

Dec. 31, 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 December 31, 2022 and June 30, 2022, the derivative liability was $4,489,332 and $5,521,284, respectively. The Company recorded $1,264,186 and $325,234 gain from changes in derivative liability during the period ended December 31, 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	%

	December 31, 2022
Annual Dividend Yield	—
Expected Life (Years)	0.50-3.00
Risk-Free Interest Rate	4.14-4.76	%
Expected Volatility	205-437	%

Fair value of the derivative is summarized as below:

Beginning Balance, June 30, 2022	$	5,521,284
Additions		175,091
Mark to Market		(1,274,027	)
Reclassification to APIC Due to Conversions		-
Ending Balance, December 31, 2022	$	4,422,348