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Convertible Notes (Tables)
 12 Months Ended
Jun. 30, 2018
Disclosure Convertible Notes Tables Abstract  
Schedule of Promissory Notes

As of the year ended June 30, 2018, the Company’s convertible notes consisted of following:

 

Principal  Default Penalty  Conversion in Principal  Number of Shares  Balance as of 6/30/2018  Due Date  Interest Rate  Conversion Price
$25,000                  $25,000   2/24/2013   14%  75% of the average of 30 days prior to the conversion date
$25,000                  $25,000   3/18/2013   14%  75% of the average of 30 days prior to the conversion date
$100,000                  $100,000   6/21/2013   14%  75% of the average of 30 days prior to the conversion date
$20,000                  $20,000   7/17/2017   8%  40% discount of average of last 20 trading days
$25,000                  $25,000   7/17/2017   8%  40% discount of average two lowest price of last 20 trading days
$20,000        $20,000    737,748    —     7/17/2017   8%  Greater of $0.05 or 40% discount to average of 3 lowest trading price during 20 trading days
$43,000        $43,000    2,462,180    —     1/24/2018   8%  45% discount of average two lowest price of last 20 trading days
$50,000                  $50,000   8/8/2017   8%  40% discount of average two lowest price of last 20 trading days
$80,000                  $80,000   7/20/2017   8%  40% discount of average two lowest price of last 20 trading days
$66,023                  $66,023   8/24/2017   8%  40% discount of average two lowest price of last 20 trading days
$50,000                  $50,000   8/9/2017   8%  40% discount of average two lowest price of last 20 trading days
$75,000                  $75,000   7/31/2017   8%  40% discount of average two lowest price of last 20 trading days
$100,000        $92,500    5,246,524   $7,500   12/1/2017   10%  50% discount of average three lowest price of last 20 trading days
     $56,067             $56,067   12/1/2017   10%  50% discount of average three lowest price of last 20 trading days
     $7,273             $31,097   12/1/2017   10%  50% discount of average three lowest price of last 20 trading days
     $7,270             $29,654   12/1/2017   10%  50% discount of average three lowest price of last 20 trading days
$70,000                  $70,000   9/23/2017   8%  40% discount of average two lowest price of last 20 trading days
$63,000        $63,000    3,081,746    —     11/20/2017   8%  42% discount of average three lowest price of last 10 trading days
$30,000                  $30,000   8/16/2017   8%  Greater of $0.05 or 40% discount to average of 3 lowest trading price during 20 trading days
$200,000                  $200,000   9/30/2017   8%  40% discount of average two lowest price of last 20 trading days
$340,000   $78,482             $418,482   5/12/2018   22%  45% discount of lowest price of last 20 trading days
$165,000   $87,522             $252,522   5/12/2018   22%  45% discount of lowest price of last 20 trading days
     $80,000             $80,000   5/12/2018   22%  45% discount of lowest price of last 20 trading days
     $170,000             $170,000   5/12/2018   22%  45% discount of lowest price of last 20 trading days
$150,000                  $150,000   5/3/2018   10%  45% discount of average three lowest price of last 20 trading days
$150,000                  $150,000   6/15/2018   10%  45% discount of average three lowest price of last 20 trading days
$164,900                  $164,900   7/17/2018   8%  $0.025
$35,000                  $35,000   8/22/2018   8%  40% discount of average two lowest price of last 20 trading days
$15,000                  $15,000   9/26/2018   8%  40% discount of average two lowest price of last 20 trading days
$50,000                  $50,000   12/7/2018   8%  $0.025
 Total:        $218,500        $2,426,245            

 

As of the year ended June 30, 2018, the Company’s debt discount consisted of following:

 

 

 

Date of

 

 

Due Date

 

 

Related Debt OID

  Debt Discount at 6/30/2017  Amortization during 6/30/2018  Debt Discount at 6/30/2018
8/3/2017  5/3/2018  $150,000   $—     $150,000      
9/15/2017  6/15/2018   150,000    —      150,000      
8/22/2017  8/22/2108   35,000    —      29,918    5,082 
9/26/2017  9/26/2018   15,000    —      11,384    3,616 
5/12/2017  5/12/2018   30,000    13,232    13,232      
6/12/2017  6/12/2018   15,000    28,263    28,263      
9/28/2017  5/12/2018   78,482    —      78,482      
11/14/2017  5/12/2018   87,522    —      87,522      
8/8/2017  12/1/2017   56,067    —      56,067      
10/13/2017  12/1/2017   15,298    —      15,298      
11/14/2017  12/1/2017   42,280    —      42,280      
11/17/2017  5/12/2018   80,000    —      80,000      
11/25/2017  5/12/2018   170,000    —      170,000      
7/17/2017  7/17/2018   164,900    —      160,445    4,455 
12/7/2017  12/7/2018   50,000    —      36,849    13,151 
Total debt discount     $1,139,549   $41,495   $912,446   $26,303