Convertible Notes (Tables)

3 Months Ended

Sep. 30, 2018

Disclosure Convertible Notes Tables Abstract

Schedule of Promissory Notes

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

Balance						Conversion				Balance
as of		Default		Addition/		in		# of		as of			Interest			Conversion
06.30.2018		Penalty		(Repayment)		principal		shares		09.30.2018		Due Date	Rate			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		10	%	40% discount of average price of last 20 trading days prices
	25,000		—		—		—		—		25,000	7/17/2017		8	%	40% discount of average two lowest price of last 20 trading days prices
	50,000										50,000	8/8/2017		8	%	40% discount of average two lowest price of last 20 trading days prices
	80,000		—		—		—		—		80,000	7/20/2017		8	%	40% discount of average two lowest price of last 20 trading days prices
	66,023		—		—		—		—		66,023	8/24/2017		8	%	40% discount of average two lowest price of last 20 trading days prices
	50,000		—		—		—		—		50,000	8/9/2017		8	%	40% discount of average two lowest price of last 20 trading days prices
	75,000		—		—		—		—		75,000	7/31/2017		8	%	40% discount of average two lowest price of last 20 trading days prices
	124,318		—		—		63,567		3,919,404		60,751	12/1/2017		10	%	45% discount of lowest price of last 20 trading days prices
	70,000		—		—		—		—		70,000	9/23/2017		8	%	40% discount of average two lowest price of last 20 trading days prices
	30,000		—		—		—		—		30,000	8/16/2017		8	%	Greater of 40% discount to average of 3 lowest trading price during last 20 trading days or $.05
	200,000		—		—		—		—		200,000	9/30/2017		8	%	40% discount of average two lowest price of last 20 trading days prices
	921,004		—		—		425,000		14,907,323		496,004	5/12/2018		22	%	45% discount of lowest price of last 20 trading days prices
	150,000		—		—		150,000		3,745,330		—	5/3/2018		10	%	45% discount to average of 3 lowest trading price during last 20 trading days
	150,000		—		—		150,000		3,744,005		—	6/15/2018		10	%	42% discount to average of 3 lowest trading price during last 20 trading days
	164,900		—		—		—		—		164,900	7/17/2018		8	%	The conversion price shall be $0.025 per share
	35,000		—		—		35,000		691,184		—	8/22/2018		8	%	40% discount of average two lowest price of last 20 trading days prices
	15,000		—		—		15,000		294,114		—	9/26/2018		8	%	40% discount of average two lowest price of last 20 trading days prices
	50,000		—		—		—		—		50,000	12/7/2018		8	%	The conversion price shall be $0.05 per share
	—		—		267,500		—		—		267,500	9/15/2019		8	%	55% discount of lowest price of last 20 trading days prices
	2,426,245				267,500		838,567		27,301,360		1,855,178

In connection with the convertible debt, debt discount balance as of September 30, 2018 and June 30, 2018 were $260,798 and $26,303 respectively and were being amortized and recorded as interest expenses over the term of the convertible debt.

As of the period ended September 30, 2018, the Company’s debt discount consisted of following:

Note Date	Due Date	OID		Amortization in FY 2018		Debt Discount Balance 6/30/2018		Amortization in 9/30/2018		Debt Discount Balance 9/30/2018
8/22/2017	8/22/2018	$	35,000	$	29,918	$	5,082	$	5,082	$	—
9/26/2017	9/26/2018		15,000		11,384		3,616		3,616		—
7/17/2017	7/17/2018		164,900		160,445		4,455		4,455		—
12/7/2017	12/7/2018		50,000		36,849		13,151		7,562		5,589
9/20/2018	9/15/2019		12,500		—		—		347		12,153
9/20/2018	9/15/2019		250,000		—		—		6,944		243,056
Total:		$	527,400	$	41,302	$	26,303	$	28,006	$	260,798