Convertible Notes (Tables)

9 Months Ended

Mar. 31, 2019

Disclosure Convertible Notes Tables Abstract

Schedule of Promissory Notes

For the period ended March 31, 2019, 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	03.31.2019	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	1,160,391	—	7/17/2017	10%	40% discount of average price of last 20 trading days prices
25,000	—	—	25,000	1,426,674	—	7/17/2017	8%	40% discount of average two lowest price of last 20 trading days prices
50,000	—	—	50,000	2,931,188	—	8/8/2017	8%	40% discount of average two lowest price of last 20 trading days prices
80,000	—	—	80,000	4,530,846	—	7/20/2017	8%	40% discount of average two lowest price of last 20 trading days prices
66,023	—	—	66,023	3,712,324	—	8/24/2017	8%	40% discount of average two lowest price of last 20 trading days prices
50,000	—	—	50,000	2,390,805	—	8/9/2017	8%	40% discount of average two lowest price of last 20 trading days prices
75,000	—	—	75,000	4,378,547	—	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	4,067,072	—	9/23/2017	8%	40% discount of average two lowest price of last 20 trading days prices
30,000	—	—	30,000	1,500,010	—	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	11,557,652	—	9/30/2017	8%	40% discount of average two lowest price of last 20 trading days prices
921,004	—	—	671,004	31,483,740	250,000	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
164,900	—	—	164,900	6,596,000	—	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	1,000,000	—	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
—	—	250,000	—	—	250,000	10/5/2019	8%	45% discount of average three lowest price of last 20 trading days prices
—	—	100,000	—	—	100,000	10/31/2019	8%	The conversion price shall be $0.07 per share
—	—	80,000	—	—	80,000	11/15/2019	8%	The conversion price shall be $0.07 per share
—	—	40,000	—	—	40,000	11/15/2019	8%	The conversion price shall be $0.07 per share
—	—	35,000	—	—	35,000	12/2/2019	8%	The conversion price shall be $0.07 per share
—	—	250,000	—	—	250,000	12/26/2019	8%	45% discount of average three lowest price of last 20 trading days prices
—	—	105,000	—	—	105,000	1/8/2020	8%	35% discount of average two lowest price of last 20 trading days prices
—	—	100,000	—	—	100,000	1/22/2020	8%	42% discount of average three lowest price of last 20 trading days prices
—	—	53,000	—	—	53,000	1/24/2020	8%	35% discount of average two lowest price of last 20 trading days prices
—	—	100,000	—	—	35,000	2/26/2020	8%	42% discount of average three lowest price of last 20 trading days prices
—	—	250,000	—	—	250,000	3/4/2020	8%	42% discount of average two lowest price of last 20 trading days prices
2,426,245		1,630,500	1,965,494	89,129,286	2,091,250

In connection with the convertible debt, debt discount balance as of March 31, 2019 and June 30, 2018 were $1,031,596 and $26,303, respectively, and were being amortized and recorded as interest expenses over the term of the convertible debt.

As of March 31, 2019, the Company’s debt discount consisted of following:

Note Date	Due Date	OID		Amortization for FY 2018		Debt Discount Balance at 6/30/2018		Amortization for the nine months ended 03/31/2019		Debt Discount Balance at 03/31/2019
08/22/2017	8/22/2018	$	35,000	$	29,918	$	5,082	$	5,082	$	—
09/26/2017	9/26/2018		15,000		11,384		3,616		3,616		—
07/17/2017	7/17/2018		164,900		160,445		4,455		4,455		—
12/07/2017	12/7/2018		50,000		36,849		13,151		13,151		—
09/20/2018	9/15/2019		12,500		—		—		6,667		5,833
09/20/2018	9/15/2019		250,000		—		—		133,333		116,667
10/05/2018	10/5/2019		5,000		—		—		2,425		2,575
10/05/2018	10/5/2019		245,000		—		—		118,808		126,192
11/01/2018	11/1/2019		84,286		—		—		34,638		49,648
11/16/2018	11/16/2019		36,571		—		—		13,526		23,045
11/16/2018	11/16/2019		18,286		—		—		6,763		11,523
12/03/2018	12/3/2019		10,000		—		—		3,233		6,767
12/26/2018	12/26/2019		5,000		—		—		1,301		3,699
12/26/2018	12/26/2019		245,000		—		—		63,767		181,233
01/08/2019	01/08/2020		92,101		—		—		20,691		71,410
01/22/2019	01/22/2020		87,478		—		—		16,297		71,181
01/22/2019	01/22/2020		2,000						373		1,627
01/24/2019	01/24/2020		47,432		—		—		8,577		38,856
02/26/2019	02/26/2020		96,708		—		—		8,743		87,965
02/26/2019	02/26/2020		2,000		—		—		181		1819
03/04/2019	03/04/2020		243,000		—		—		17,926		225,074
03/04/2019	03/04/2020		7,000		—		—		516		6,484
Total:				$	41,302	$	26,303	$	484,070	$	1,031,596