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Convertible Notes (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2019
Jun. 30, 2018
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.
 1,00,000    —      —      —      —      1,00,000   6/21/2013   14%  75% of the average of 30 days prior to the conversion date.
 20,000    —      —      20,000    11,60,391    —     7/17/2017   10%  40% discount of average price of last 20 trading days prices
 25,000    —      —      25,000    14,26,674    —     7/17/2017   8%  40% discount of average two lowest price of last 20 trading days prices
 50,000    —      —      50,000    29,31,188    —     08/08/2017   8%  40% discount of average two lowest price of last 20 trading days prices
 80,000    —      —      80,000    45,30,846    —     7/20/2017   8%  40% discount of average two lowest price of last 20 trading days prices
 66,023    —      —      66,023    37,12,324    —     8/24/2017   8%  40% discount of average two lowest price of last 20 trading days prices
 50,000    —      —      50,000    23,90,805    —     08/09/2017   8%  40% discount of average two lowest price of last 20 trading days prices
 75,000    —      —      75,000    43,78,547    —     7/31/2017   8%  40% discount of average two lowest price of last 20 trading days prices
 1,24,318    —      —      63,567    39,19,404    60,751   12/01/2017   10%  45% discount of lowest price of last 20 trading days prices
 70,000    —      —      70,000    40,67,072    —     9/23/2017   8%  40% discount of average two lowest price of last 20 trading days prices
 30,000    —      —      30,000    15,00,010    —     8/16/2017   8%  Greater of 40% discount to average of 3 lowest trading price during last 20 trading days or $.05
 2,00,000    —      —      2,00,000    1,15,57,652    —     9/30/2017   8%  40% discount of average two lowest price of last 20 trading days prices
 9,21,004    —      —      6,71,004    3,14,83,740    2,50,000   05/12/2018   22%  45% discount of lowest price of last 20 trading days prices
 1,50,000    —      —      1,50,000    37,45,330    —     05/03/2018   10%  45% discount to average of 3 lowest trading price during last 20 trading days
 1,64,900    —      —      1,64,900    65,96,000    —     7/17/2018   8%  The conversion price shall be $0.025 per share
 35,000    —      —      35,000    6,91,184    —     8/22/2018   8%  40% discount of average two lowest price of last 20 trading days prices
 15,000    —      —      15,000    2,94,114    —     9/26/2018   8%  40% discount of average two lowest price of last 20 trading days prices
 50,000    —      —      50,000    10,00,000    —     12/07/2018   8%  The conversion price shall be $0.05 per share
 —      —      2,67,500    —      —      2,67,500   9/15/2019   8%  55% discount of lowest price of last 20 trading days prices
 —      —      2,50,000    —      —      2,50,000   10/05/2019   8%  45% discount of average three lowest price of last 20 trading days prices
 —      —      1,00,000    —      —      1,00,000   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   12/02/2019   8%  The conversion price shall be $0.07 per share
 —      —      2,50,000    —      —      2,50,000   12/26/2019   8%  45% discount of average three lowest price of last 20 trading days prices
 —      —      1,05,000    —      —      1,05,000   01/08/2020   8%  35% discount of average two lowest price of last 20 trading days prices
 —      —      1,00,000    —      —      1,00,000   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
 —      —      1,00,000    —      —      35,000   2/26/2020   8%  42% discount of average three lowest price of last 20 trading days prices
 —      —      2,50,000    —      —      2,50,000   03/04/2020   8%  42% discount of average two lowest price of last 20 trading days prices
 24,26,245         16,30,500    1,965,494    8,91,29,286    20,91,250            

 

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 

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