Sangui Biotech International (SGBI) 10-Q 12 Nov 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2021	Nov. 12, 2021
Details
Registrant CIK	0001104280
Fiscal Year End	--06-30
Registrant Name	SANGUI BIOTECH INTERNATIONAL INC
SEC Form	10-Q
Period End date	Sep. 30, 2021
Tax Identification Number (TIN)	84-1330732
Number of common stock shares outstanding		207,901,842
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Interactive Data Current	Yes
Shell Company	false
Small Business	true
Emerging Growth Company	false
Document Quarterly Report	true
Entity File Number	0-21271
Entity Incorporation, State or Country Code	CO
Entity Address, Address Line One	Bleichenbrücke 9
Entity Address, Postal Zip Code	20354
Entity Address, City or Town	Hamburg
Entity Address, Country	DE
Country Region	49
City Area Code	40
Local Phone Number	46093120
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Document Transition Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Jun. 30, 2021
CURRENT ASSETS
Cash	$ 13,412	$ 29,768
Prepaid expenses and other assets	8,537	12,020
Tax refunds receivable	2,807	2,286
Accounts receivable, net	22,156	16,631
Note receivable, related party	2,314	5,961
Total Current Assets	49,226	66,666
Property and equipment, net	988	1,215
Operating lease right-of-use asset	84,590	66,241
TOTAL ASSETS	134,804	134,122
LIABILITIES
Accounts payable and accrued expenses	139,891	127,311
Accrued interest - related party	65,644	62,485
Notes payable - related party	745,602	752,508
Current portion of operating lease liability	17,093	12,403
Total Current Liabilities	968,230	954,707
Operating lease liability, net of current portion	58,441	54,740
Total Liabilities	1,026,671	1,009,447
STOCKHOLDERS' DEFICIT
Preferred stock, no par value; 10,000,000 shares authorized, - 0- shares issued and outstanding	0	0
Common stock, no par value; 250,000,000 shares authorized 207,955,598 and 206,955,598 shares issued and 207,901,842 and 206,901,842 shares outstanding respectively	33,100,043	33,088,176
Additional paid-in capital	4,513,328	4,513,328
Treasury stock, at cost	(19,387)	(19,387)
Accumulated other comprehensive income	89,178	89,670
Accumulated deficit	(37,922,224)	(37,895,315)
Total stockholders' deficit	(239,062)	(223,528)
Non-controlling interest	(652,805)	(651,797)
Total Stockholders' Deficit	(891,867)	(875,325)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 134,804	$ 134,122

Consolidated Balance Sheets - P

Consolidated Balance Sheets - Parenthetical - shares	Sep. 30, 2021	Jun. 30, 2021
Details
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares Authorized	250,000,000	250,000,000
Common Stock, Shares, Issued	207,955,598	206,955,598
Common Stock, Shares, Outstanding	207,901,842	206,901,842

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
REVENUES
License revenues	$ 18,560	$ 19,880
GROSS MARGIN	18,560	19,880
OPERATING EXPENSES
Research and development	2,827	2,427
Professional fees	43,762	49,914
General and administrative	15,312	11,749
Depreciation and amortization	202	200
Total Operating Expenses	62,103	64,290
OPERATING LOSS	(43,543)	(44,410)
OTHER INCOME (EXPENSE)
Gain (Loss) on foreign exchange	20,333	(27,381)
Interest expense	(4,707)	(4,198)
Total other income (expense)	15,626	(31,579)
LOSS BEFORE INCOME TAXES AND NON-CONTROLLING INTEREST	(27,917)	(75,989)
Provision for income taxes	0	0
NET LOSS BEFORE NON-CONTROLLING INTEREST	(27,917)	(75,989)
Less: Net loss attributable to non-controlling interest	1,008	1,101
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(26,909)	(74,888)
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustments	(492)	(433)
COMPREHENSIVE LOSS	$ (28,409)	$ (76,422)
BASIC AND DILUTED LOSS PER SHARE	$ 0	$ 0
NUMBER OF SHARES OUTSTANDING	207,590,006	203,355,598

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit - USD ($)	Common Stock	Additional Paid-in Capital	Treasury Stock	AOCI Including Portion Attributable to Noncontrolling Interest	Noncontrolling Interest	Retained Earnings	Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Jun. 30, 2020	$ 33,027,676	$ 4,513,328	$ (19,387)	$ 91,907	$ (646,977)	$ (37,696,425)	$ (729,878)
Shares, Outstanding, Beginning Balance at Jun. 30, 2020	203,355,598
Proceeds from common stock issued for cash							0
Currency translation adjustment	$ 0	0	0	(433)	0	0	(433)
Net loss	0	0	0	0	(1,101)	(74,888)	(75,989)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2020	$ 33,027,676	4,513,328	(19,387)	91,474	(648,078)	(37,771,313)	(806,300)
Shares, Outstanding, Ending Balance at Sep. 30, 2020	203,355,598
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Jun. 30, 2021	$ 33,088,176	4,513,328	(19,387)	89,670	(651,797)	(37,895,315)	(875,325)
Shares, Outstanding, Beginning Balance at Jun. 30, 2021	206,955,598
Proceeds from common stock issued for cash	$ 11,867	0	0	0	0	0	11,867
Common stock issued for cash	1,000,000
Currency translation adjustment	$ 0	0	0	(492)	0	0	(492)
Net loss	0	0	0	0	(1,008)	(26,909)	(27,917)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2021	$ 33,100,043	$ 4,513,328	$ (19,387)	$ 89,178	$ (652,805)	$ (37,922,224)	$ (891,867)
Shares, Outstanding, Ending Balance at Sep. 30, 2021	207,955,598

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (27,917)	$ (75,989)
Adjustments to reconcile net loss to net cash
Depreciation and amortization	202	200
Foreign currency exchange transactions	(20,333)	27,381
Amortization of right to use asset	(5,358)	(5,962)
Changes in operating assets and liabilities
Trade accounts receivable	(6,024)	(13,778)
Prepaid expenses and other current assets	(6,411)	2,401
Tax refunds receivable	(1,705)	5,766
Accounts payable and accrued expenses	14,699	24,784
Related party advances	3,573	(4,636)
Related party accounts payable	3,751	4,185
Operating lease liability	6,070	6,129
Net Cash Used in Operating Activities	(39,453)	(29,519)
Net Cash Provided by (Used in) Investing Activities
Purchase of equipment	0	0
Net Cash Used in Investing Activities	0	0
Net Cash Provided by (Used in) Financing Activities
Proceeds from related party note payable	11,880	35,305
Proceeds from common stock issued for cash	11,867	0
Net Cash Provided by Financing Activities	23,747	35,305
EFFECTS OF EXCHANGE RATES ON CASH	(650)	57
NET CHANGES IN CASH	(16,356)	5,843
CASH AT BEGINNING OF PERIOD	29,768	15,282
CASH AT END OF PERIOD	13,412	21,125
NON - CASH INVESTING AND FINANCING ACTIVITIES
Initial Right of use operating lease assets	24,764	9,289
Initial Right of use operating liabilities	$ 13,931	$ 0

NOTE 1 - BASIS OF PRESENTATION

NOTE 1 - BASIS OF PRESENTATION	3 Months Ended
	Sep. 30, 2021
Notes
NOTE 1 - BASIS OF PRESENTATION	NOTE 1 - BASIS OF PRESENTATION The accompanying condensed consolidated financial statements have been prepared without audit in accordance with accounting principles generally accepted in the United States of America and rules of the Securities Exchange Commission for interim financial information. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. The unaudited condensed consolidated financial statements and notes should, therefore, be read in conjunction with the consolidated financial statements and notes thereto in the Company's Form 10-K for the year ended June 30, 2021. In the opinion of management, all adjustments (consisting of normal and recurring adjustments) considered necessary for a fair presentation, have been included. The results of operations for the three- month period ended September 30, 2021 are not necessarily indicative of the results that may be expected for the full fiscal year ending June 30, 2021. In December 2019, COVID-19 emerged and has subsequently spread worldwide. The World Health Organization has declared COVID-19 a pandemic resulting in federal, state and local governments and private entities mandating various restrictions, including travel restrictions, restrictions on public gatherings, stay at home orders and advisories and quarantining of people who may have been exposed to the virus. At the present time, it is not clear how long this crisis will last and what extent it will take. The highest priority for the Company is the health of employees and business partners. The Company’s main product is affected by the restrictions currently in place around the world. The global restrictions drastically limit our sales activities. Therefore, the license revenue the Company anticipated is not, and for the foreseeable future, will not be received at the levels as planned. The Company is in close contact with its licensee who is responsible for all distribution. Both the Company and its licensee assume that the desired growth of sales will be resumed after the pandemic has been overcome and restrictions are lessened. Prior to the pandemic, the Company had essentially been financed through the sale of shares or by loans from related parties. These financing options are still available to the Company during the COVID-19 crisis.

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2021
Notes
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Nature of Business Sangui Biotech International, Inc., (Sangui or the Company) was incorporated in Colorado in 1995 and conducts business through its 90% owned subsidiary, Sangui BioTech GmbH (Sangui GmbH) and its 99.8% owned subsidiary Sangui Know-how und Patentverwertungsgesellschaft mbH & Co. KG (Sangui KG). Sangui GmbH, which is headquartered in Hamburg, Germany, is engaged in the development of artificial oxygen carriers (external applications of hemoglobin, blood substitutes and blood additives) as well as in the development, marketing and sales of cosmetics and wound management products. Sangui KG is a limited partnership that holds the license rights under the various agreements that the Company enters into from time to time. Principles of Consolidation The consolidated financial statements include the accounts of Sangui BioTech International, Inc., its 90% owned foreign subsidiary, Sangui BioTech GmbH and its 99.8% owned foreign subsidiary, Sangui KG. All intercompany accounts and transactions have been eliminated in consolidation Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the respective reporting period. As future events and their effects cannot be determined with precision, actual results could differ from those estimates. Significant estimates made by management are, among others, the realization of receivables, inventories, long-lived assets, and valuation allowance on deferred tax assets. Due to the current dependence of Sangui on the revenue from the license agreement with Mölnlycke Health Care GmbH, management places the highest priority on the sales development in this area in order to be able to recognize potential risks in good time and to take appropriate measures if necessary. These measures include regular and ad hoc discussions with the licensee about its planned business development. Foreign Currency Translation Assets and liabilities of the Company's foreign operations are translated into U.S. dollars at period-end exchange rates. Net exchange gains or losses resulting from such translation are excluded from net loss but are included in comprehensive loss and accumulated in a separate component of stockholders' equity (deficit). Income and expenses are translated at average exchange rates for the period. Exchanges rates used for the preparation of the consolidated balance sheet as of September 30, 2021 and June 30, 2021 and our unaudited consolidated statements of operations for the three- month periods ended September 30, 2021 and 2020, were calculated as follows: as of September 30, 2021 0.864045 as of September 30, 2020 0.853595 July 1, 2021 through September 30, 2021 0.848207 July 1, 2020 through September 30, 2020 0.855874 The Company accounts for the transactions denominated in foreign currencies in the Parent Company’s books as transaction gains (losses) recognized in Other Income. Going Concern The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has accumulated deficit of $37,922,224 as of September 30, 2021. The Company incurred a net loss before non-controlling interest of $27,917 for the three-months ended September 30, 2021 and used cash in operating activities of $39,453 during the same three-months ended September 30, 2021. These conditions raise substantial doubt about the Company's ability to continue as a going concern for a period of one year from issuance of the financial statements. The Company expects to continue to incur significant capital expenses in pursuing its business plan to market its products and expand its product line, while obtaining additional financing through stock offerings or other feasible financing alternatives. In order for the Company to continue its operations at its existing levels, the Company will require significant additional funds over the next twelve months. Therefore, the Company is dependent on funds raised through equity or debt offerings. Additional financing may not be available on terms favorable to the Company, or at all. If these funds are not available, the Company may not be able to execute its business plan or take advantage of business opportunities. The ability of the Company to obtain such additional financing and to achieve its operating goals is uncertain. In the event that the Company does not obtain additional capital, is not able to collect its outstanding receivables, or is not able to increase cash flow through the increase of sales, there is a substantial doubt of its being able to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Cash and Cash Equivalents The Company maintains its cash in bank accounts in Germany. Cash and cash equivalents include time deposits for which the Company has no requirements for compensating balances. The Company has not experienced any losses in its uninsured bank accounts. Research and Development Research and development costs are charged to operations as they are incurred. Legal fees and other direct costs incurred in obtaining and protecting patents are expensed as incurred. Revenue Recognition In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company recognizes revenue based on the five criteria for revenue recognition established under Topic 606: 1) identify the contract, 2) identify separate performance obligations, 3) determine the transaction price, 4) allocate the transaction price among the performance obligations, and 5) recognize revenue as the performance obligations are satisfied. Type of Revenue The Company derives revenue primarily from licensing fees on sales of its wound spray product. The Company recognizes revenue based on the five criteria for revenue recognition established under Topic ASC 606 set forth below. The Company’s licenses provide a right to use and create performance obligations satisfied at a point in time. The Company recognizes revenue from the license when the performance obligation is satisfied through the transfer of the license. The Company will recognize royalty revenue a) when the licensee makes the subsequent sales or use that trigger the royalty, or (b) the performance obligation to which Trade Accounts Receivable Accounts receivable are reflected at estimated net realizable value. The Company maintains an allowance for doubtful accounts based upon a variety of factors. The Company reviews all open accounts and provides specific reserves for customer collection issues when it believes a loss is probable. The reserve estimate includes consideration of such factors as the length of time receivables are past due, the financial condition of the customer, and historical experience. The Company also records a reserve for all customers, excluding those that have been specifically reserved for, based upon evaluation of historical losses which exceeded the specific reserves the Company had established. For the years ended June 30, 2021 and for the three month period ended September 3, 2021, the Company recognized bad debt expense in the amounts of $0 and $0, respectively. Basic and Diluted Earnings (Loss) Per Common Share Basic earnings (loss) per common share are computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period of computation. Diluted earnings (loss) per share give effect to all potential dilutive common shares outstanding during the period of compensation. The computation of diluted earnings (loss) per share does not assume conversion, exercise or contingent exercise of securities that would have an antidilutive effect on earnings. As of September 30, 2021, the Company had no potentially dilutive securities that would affect the loss per share if they were to be dilutive. Comprehensive Loss Total comprehensive loss represents the net change in stockholders' equity (deficit) during a period from sources other than transactions with stockholders and as such, includes net earnings (loss). For the Company, the components of other comprehensive loss are limited to the changes in the cumulative foreign currency translation adjustments, which is recorded as components of stockholders' equity (deficit). Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying consolidated financial statements.

NOTE 3 - COMMITMENTS AND CONTIN

NOTE 3 - COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2021
Notes
NOTE 3 - COMMITMENTS AND CONTINGENCIES	NOTE 3 - COMMITMENTS AND CONTINGENCIES Litigation The Company may, from time to time, be involved in various legal disputes resulting from the ordinary course of operating its business. Management is currently not able to predict the outcome of any such cases. However, management believes that the amount of ultimate liability, if any, with respect to such actions will not have a material effect on the Company's financial position or results of operations. At the time of reporting, no litigation is pending. Indemnities and Guarantees During the normal course of business, the Company has made certain indemnities and guarantees under which it may be required to make payments in relation to certain transactions. These indemnities include certain agreements with the Company's officers, under which the Company may be required to indemnify such person for liabilities arising out of their employment relationship. The duration of these indemnities and guarantees varies and, in certain cases, is indefinite. The majority of these indemnities and guarantees do not provide for any limitation of the maximum potential future payments the Company could be obligated to make. Historically, the Company has not been obligated to make significant payments for these obligations and no liabilities have been recorded for these indemnities and guarantees in the accompanying consolidated balance sheet. Leases The Company leases office facilities from an unrelated third party at 1,110 Euros per month, which amount includes 177 Euros for sales tax. The office lease contract began in January 2020 and expires June 2026. The Company also leases an automobile under an operating lease. The lease provides for a lease payment of 538 Euros per month that began June 2018 expired May of 2020. The company extended the expired contract until May 2021 and then continued on a month to month basis, until the new lease vehicle was available. The monthly leasing rate was 670 Euros for the period from June 2020 to May 2021. The company has signed a leasing contract for a new automobile with a term of 36 months with monthly leasing installments of 338 Euros ($391) and an initial deposit of 9,189 Euros ($10,635) for a new vehicle. The automobile was delivered in August 2021. The leasing contract that expired in May 2021 was continued until the new automobile has been delivered. The following table reconciles future minimum operating lease payments to the discounted lease liability as of September 30, 2021: Minimum Lease Payments Under Operating Leases Office Automotive Total Year ending June 30, 2022 10,015 3,526 13,541 2023 13,554 4,701 18,255 2024 13,798 4,701 18,499 Thereafter 28,345 392 28,737 Total Operating Lease Obligations $ 65,712 13,320 $ 79,032 Less: Amount representing imputed interest $ (3,117) (381) $ (3,498) Present Value of minimum lease payments $ 62,595 12,939 $ 75,534 Weighted average discount rate 2% Weighted average remaining term 4.42 years License Agreement Pursuant to the contracts dated May 2, 2018 and November 11, 2018 between Sangui GmbH and Sangui KG, respectively, and a former contractor, Sangui KG grants that contractor a license fee on the license income received by Sangui for his previous services as a co-inventor. The license fee is 10% analogously to the remuneration regulation of the German Law on Employee Inventions (ArbnErfG

NOTE 4 - RELATED PARTY TRANSACT

NOTE 4 - RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2021
Notes
NOTE 4 - RELATED PARTY TRANSACTIONS	NOTE 4 – DEBT Notes Payable Related Parties As of September 30, 2021, the Company had outstanding the following loans payable due to a Company Director: Date Loan amount in EURO Loan amount converted into USD Interest rate Interest in USD Due March 06, 2015 100,000 115,735 5% 37,013 June 30, 2022 December 12, 2017 25,000 28,934 2% 2,201 on demand January 19, 2018 25,000 28,934 2% 2,140 on demand March 13, 2018 25,000 28,934 2% 2,056 on demand July 16, 2018 25,000 28,934 2% 1,858 on demand September 10, 2018 25,000 28,934 2% 1,769 on demand October 04, 2018 25,000 28,934 2% 1,731 on demand December 27, 2018 25,000 28,934 2% 1,598 on demand January 21, 2019 15,000 17,360 2% 935 on demand February 26, 2019 25,000 28,934 2% 1,501 on demand March 20, 2019 25,000 28,934 2% 1,467 on demand April 08, 2019 20,000 23,147 2% 1,149 on demand May 09, 2019 30,000 34,720 2% 1,665 on demand June 21, 2019 30,000 34,720 2% 1,583 on demand September 17, 2019 20,000 23,147 2% 944 on demand October 04, 2019 20,000 23,147 2% 922 on demand October 30, 2019 20,000 23,147 2% 889 on demand January 08, 2020 10,000 11,573 2% 400 on demand February 20, 2020 10,000 11,573 2% 373 on demand March 06, 2020 15,000 17,360 2% 545 on demand April 01, 2020 10,000 11,573 2% 347 on demand May 05, 2020 15,000 17,360 2% 488 on demand June 10, 2020 10,000 11,573 2% 303 on demand July 27, 2020 10,000 11,573 2% 273 on demand September 07, 2020 10,000 11,606 2% 246 on demand September 21, 2020 10,000 11,685 2% 237 on demand October 09, 2020 15,000 17,397 2% 339 on demand December 03, 2020 10,000 11,276 2% 191 on demand January 05, 2021 10,000 11,130 2% 170 on demand February 11, 2021 10,000 11,298 2% 146 on demand March 17, 2021 10,000 11,521 2% 125 on demand July 29, 2021 10,000 11,573 2% 40 on demand Total 645,000 745,602 65,644 On July 29, 2021 a Company Director advanced amounts totaling 10,000 Euros ($11,880 as of September 30, 2021) to the Company. The loans are due on demand, accrue interest annually at 2% and are unsecured. As of September 30, 2021, all notes issued have total interest accrued of $65,644. Interest expense for the three-month period ended September 30, 2021 and 2020 was $4,707 and $4,198, respectively.

NOTE 5 - CAPITAL STOCK

NOTE 5 - CAPITAL STOCK	3 Months Ended
	Sep. 30, 2021
Notes
NOTE 5 - CAPITAL STOCK	NOTE 5 – STOCKHOLDERS’ DEFICT Preferred Stock Common Stock During the three - months ended September 30, 2021, the Company sold 1,000,000 shares of its common stock for approximately $11,867 in cash proceeds to one individual at price of approximately $ 0.0119 per share. Treasury Stock

NOTE 6 - SUBSEQUENT EVENTS

NOTE 6 - SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2021
Notes
NOTE 6 - SUBSEQUENT EVENTS	NOTE 6 – SUBSEQUENT EVENTS Subsequent to September 30, 2021, a Company Director advanced 20,000 Euros ($23,147) to the Company. The loans are due on demand, accrues interest annually at 2% and are unsecured. In accordance with ASC 855-10, the Company’s management has reviewed all material events and there are no additional material subsequent events to report.

NOTE 2 - SUMMARY OF SIGNIFICA_2

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Principles of Consolidation (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Sangui BioTech International, Inc., its 90% owned foreign subsidiary, Sangui BioTech GmbH and its 99.8% owned foreign subsidiary, Sangui KG. All intercompany accounts and transactions have been eliminated in consolidation

NOTE 2 - SUMMARY OF SIGNIFICA_3

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the respective reporting period. As future events and their effects cannot be determined with precision, actual results could differ from those estimates. Significant estimates made by management are, among others, the realization of receivables, inventories, long-lived assets, and valuation allowance on deferred tax assets. Due to the current dependence of Sangui on the revenue from the license agreement with Mölnlycke Health Care GmbH, management places the highest priority on the sales development in this area in order to be able to recognize potential risks in good time and to take appropriate measures if necessary. These measures include regular and ad hoc discussions with the licensee about its planned business development.

NOTE 2 - SUMMARY OF SIGNIFICA_4

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of the Company's foreign operations are translated into U.S. dollars at period-end exchange rates. Net exchange gains or losses resulting from such translation are excluded from net loss but are included in comprehensive loss and accumulated in a separate component of stockholders' equity (deficit). Income and expenses are translated at average exchange rates for the period. Exchanges rates used for the preparation of the consolidated balance sheet as of September 30, 2021 and June 30, 2021 and our unaudited consolidated statements of operations for the three- month periods ended September 30, 2021 and 2020, were calculated as follows: as of September 30, 2021 0.864045 as of September 30, 2020 0.853595 July 1, 2021 through September 30, 2021 0.848207 July 1, 2020 through September 30, 2020 0.855874 The Company accounts for the transactions denominated in foreign currencies in the Parent Company’s books as transaction gains (losses) recognized in Other Income.

NOTE 2 - SUMMARY OF SIGNIFICA_5

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Going Concern (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Going Concern	Going Concern The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has accumulated deficit of $37,922,224 as of September 30, 2021. The Company incurred a net loss before non-controlling interest of $27,917 for the three-months ended September 30, 2021 and used cash in operating activities of $39,453 during the same three-months ended September 30, 2021. These conditions raise substantial doubt about the Company's ability to continue as a going concern for a period of one year from issuance of the financial statements. The Company expects to continue to incur significant capital expenses in pursuing its business plan to market its products and expand its product line, while obtaining additional financing through stock offerings or other feasible financing alternatives. In order for the Company to continue its operations at its existing levels, the Company will require significant additional funds over the next twelve months. Therefore, the Company is dependent on funds raised through equity or debt offerings. Additional financing may not be available on terms favorable to the Company, or at all. If these funds are not available, the Company may not be able to execute its business plan or take advantage of business opportunities. The ability of the Company to obtain such additional financing and to achieve its operating goals is uncertain. In the event that the Company does not obtain additional capital, is not able to collect its outstanding receivables, or is not able to increase cash flow through the increase of sales, there is a substantial doubt of its being able to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 2 - SUMMARY OF SIGNIFICA_6

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents The Company maintains its cash in bank accounts in Germany. Cash and cash equivalents include time deposits for which the Company has no requirements for compensating balances. The Company has not experienced any losses in its uninsured bank accounts.

NOTE 2 - SUMMARY OF SIGNIFICA_7

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Research and Development (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Research and Development	Research and Development Research and development costs are charged to operations as they are incurred. Legal fees and other direct costs incurred in obtaining and protecting patents are expensed as incurred.

NOTE 2 - SUMMARY OF SIGNIFICA_8

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Revenue Recognition	Revenue Recognition In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company recognizes revenue based on the five criteria for revenue recognition established under Topic 606: 1) identify the contract, 2) identify separate performance obligations, 3) determine the transaction price, 4) allocate the transaction price among the performance obligations, and 5) recognize revenue as the performance obligations are satisfied. Type of Revenue The Company derives revenue primarily from licensing fees on sales of its wound spray product. The Company recognizes revenue based on the five criteria for revenue recognition established under Topic ASC 606 set forth below. The Company’s licenses provide a right to use and create performance obligations satisfied at a point in time. The Company recognizes revenue from the license when the performance obligation is satisfied through the transfer of the license. The Company will recognize royalty revenue a) when the licensee makes the subsequent sales or use that trigger the royalty, or (b) the performance obligation to which

NOTE 2 - SUMMARY OF SIGNIFICA_9

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Trade Accounts Receivable (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Trade Accounts Receivable	Trade Accounts Receivable Accounts receivable are reflected at estimated net realizable value. The Company maintains an allowance for doubtful accounts based upon a variety of factors. The Company reviews all open accounts and provides specific reserves for customer collection issues when it believes a loss is probable. The reserve estimate includes consideration of such factors as the length of time receivables are past due, the financial condition of the customer, and historical experience. The Company also records a reserve for all customers, excluding those that have been specifically reserved for, based upon evaluation of historical losses which exceeded the specific reserves the Company had established. For the years ended June 30, 2021 and for the three month period ended September 3, 2021, the Company recognized bad debt expense in the amounts of $0 and $0, respectively.

NOTE 2 - SUMMARY OF SIGNIFIC_10

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basic and Diluted Loss per Common Share (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Basic and Diluted Loss per Common Share	Basic and Diluted Earnings (Loss) Per Common Share Basic earnings (loss) per common share are computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period of computation. Diluted earnings (loss) per share give effect to all potential dilutive common shares outstanding during the period of compensation. The computation of diluted earnings (loss) per share does not assume conversion, exercise or contingent exercise of securities that would have an antidilutive effect on earnings. As of September 30, 2021, the Company had no potentially dilutive securities that would affect the loss per share if they were to be dilutive.

NOTE 2 - SUMMARY OF SIGNIFIC_11

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Comprehensive Loss (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Comprehensive Loss	Comprehensive Loss Total comprehensive loss represents the net change in stockholders' equity (deficit) during a period from sources other than transactions with stockholders and as such, includes net earnings (loss). For the Company, the components of other comprehensive loss are limited to the changes in the cumulative foreign currency translation adjustments, which is recorded as components of stockholders' equity (deficit).

NOTE 2 - SUMMARY OF SIGNIFIC_12

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Segments of an Enterprise and Related Information (Policies)	3 Months Ended
	Sep. 30, 2021
Policies
Segments of an Enterprise and Related Information	Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying consolidated financial statements.

NOTE 2 - SUMMARY OF SIGNIFIC_13

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation: Schedule of Foreign currency rates (Tables)	3 Months Ended
	Sep. 30, 2021
Tables/Schedules
Schedule of Foreign currency rates	as of September 30, 2021 0.864045 as of September 30, 2020 0.853595 July 1, 2021 through September 30, 2021 0.848207 July 1, 2020 through September 30, 2020 0.855874

NOTE 3 - COMMITMENTS AND CONT_2

NOTE 3 - COMMITMENTS AND CONTINGENCIES: Minimum Lease Payments Under Operating Leases (Tables)	3 Months Ended
	Sep. 30, 2021
Tables/Schedules
Minimum Lease Payments Under Operating Leases	The following table reconciles future minimum operating lease payments to the discounted lease liability as of September 30, 2021: Minimum Lease Payments Under Operating Leases Office Automotive Total Year ending June 30, 2022 10,015 3,526 13,541 2023 13,554 4,701 18,255 2024 13,798 4,701 18,499 Thereafter 28,345 392 28,737 Total Operating Lease Obligations $ 65,712 13,320 $ 79,032 Less: Amount representing imputed interest $ (3,117) (381) $ (3,498) Present Value of minimum lease payments $ 62,595 12,939 $ 75,534 Weighted average discount rate 2% Weighted average remaining term 4.42 years

NOTE 4 - RELATED PARTY TRANSA_2

NOTE 4 - RELATED PARTY TRANSACTIONS: Notes Payable Related Parties (Tables)	3 Months Ended
	Sep. 30, 2021
Tables/Schedules
Notes Payable Related Parties	As of September 30, 2021, the Company had outstanding the following loans payable due to a Company Director: Date Loan amount in EURO Loan amount converted into USD Interest rate Interest in USD Due March 06, 2015 100,000 115,735 5% 37,013 June 30, 2022 December 12, 2017 25,000 28,934 2% 2,201 on demand January 19, 2018 25,000 28,934 2% 2,140 on demand March 13, 2018 25,000 28,934 2% 2,056 on demand July 16, 2018 25,000 28,934 2% 1,858 on demand September 10, 2018 25,000 28,934 2% 1,769 on demand October 04, 2018 25,000 28,934 2% 1,731 on demand December 27, 2018 25,000 28,934 2% 1,598 on demand January 21, 2019 15,000 17,360 2% 935 on demand February 26, 2019 25,000 28,934 2% 1,501 on demand March 20, 2019 25,000 28,934 2% 1,467 on demand April 08, 2019 20,000 23,147 2% 1,149 on demand May 09, 2019 30,000 34,720 2% 1,665 on demand June 21, 2019 30,000 34,720 2% 1,583 on demand September 17, 2019 20,000 23,147 2% 944 on demand October 04, 2019 20,000 23,147 2% 922 on demand October 30, 2019 20,000 23,147 2% 889 on demand January 08, 2020 10,000 11,573 2% 400 on demand February 20, 2020 10,000 11,573 2% 373 on demand March 06, 2020 15,000 17,360 2% 545 on demand April 01, 2020 10,000 11,573 2% 347 on demand May 05, 2020 15,000 17,360 2% 488 on demand June 10, 2020 10,000 11,573 2% 303 on demand July 27, 2020 10,000 11,573 2% 273 on demand September 07, 2020 10,000 11,606 2% 246 on demand September 21, 2020 10,000 11,685 2% 237 on demand October 09, 2020 15,000 17,397 2% 339 on demand December 03, 2020 10,000 11,276 2% 191 on demand January 05, 2021 10,000 11,130 2% 170 on demand February 11, 2021 10,000 11,298 2% 146 on demand March 17, 2021 10,000 11,521 2% 125 on demand July 29, 2021 10,000 11,573 2% 40 on demand Total 645,000 745,602 65,644

NOTE 2 - SUMMARY OF SIGNIFIC_14

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Sep. 30, 2021
Sangui BioTech GmbH
Equity Method Investment, Ownership Percentage	90.00%

NOTE 2 - SUMMARY OF SIGNIFIC_15

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation: Schedule of Foreign currency rates (Details)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021	Mar. 31, 2020
Year End Rates
Foreign Currency Exchange Rate, Translation			0.864045	0.853595
Average Period Rates
ForeignCurrencyExchangeRateTranslation	0.848207	0.855874

NOTE 2 - SUMMARY OF SIGNIFIC_16

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Going Concern (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Details
Accumulated deficit	$ 37,922,224		$ 37,895,315
NET LOSS BEFORE NON-CONTROLLING INTEREST	27,917	$ 75,989
Net Cash Used in Operating Activities	$ 39,453	$ 29,519

NOTE 2 - SUMMARY OF SIGNIFIC_17

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Trade Accounts Receivable (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Details
Accounts Receivable, Allowance for Credit Loss, Writeoff	$ 0	$ 0

NOTE 3 - COMMITMENTS AND CONT_3

NOTE 3 - COMMITMENTS AND CONTINGENCIES (Details)	3 Months Ended
	Sep. 30, 2021
Office
Lessee, Operating Lease, Description	The Company leases office facilities from an unrelated third party at 1,110 Euros per month, which amount includes 177 Euros for sales tax. The office lease contract began in January 2020 and expires June 2026.
Automobile
Lessee, Operating Lease, Description	The Company also leases an automobile under an operating lease. The lease provides for a lease payment of 538 Euros per month that began June 2018 expired May of 2020. The company extended the expired contract until May 2021 and then continued on a month to month basis, until the new lease vehicle was available. The monthly leasing rate was 670 Euros for the period from June 2020 to May 2021.
Automobile2
Lessee, Operating Lease, Description	The company has signed a leasing contract for a new automobile with a term of 36 months with monthly leasing installments of 338 Euros ($391) and an initial deposit of 9,189 Euros ($10,635) for a new vehicle. The automobile was delivered in August 2021. The leasing contract that expired in May 2021 was continued until the new automobile has been delivered.

NOTE 3 - COMMITMENTS AND CONT_4

NOTE 3 - COMMITMENTS AND CONTINGENCIES: Minimum Lease Payments Under Operating Leases (Details)	3 Months Ended
	Sep. 30, 2021USD ($)
2022	$ 13,541
2023	18,255
2024	18,499
Thereafter	28,737
Total Operating Lease Obligations	79,032
Less: Amount representing imputed interest	(3,498)
Present Value of minimum lease payments	75,534
Office
2022	10,015
2023	13,554
2024	13,798
Thereafter	28,345
Total Operating Lease Obligations	65,712
Less: Amount representing imputed interest	(3,117)
Present Value of minimum lease payments	62,595
Automobile
2022	3,526
2023	4,701
2024	4,701
Thereafter	392
Total Operating Lease Obligations	13,320
Less: Amount representing imputed interest	(381)
Present Value of minimum lease payments	$ 12,939

NOTE 4 - RELATED PARTY TRANSA_3

NOTE 4 - RELATED PARTY TRANSACTIONS: Notes Payable Related Parties (Details) - USD ($)	Sep. 30, 2021	Jul. 29, 2021	Mar. 17, 2021	Feb. 11, 2021	Jan. 05, 2021	Dec. 03, 2020	Oct. 09, 2020	Sep. 21, 2020	Sep. 07, 2020	Jul. 27, 2020	Jun. 10, 2020	May 05, 2020	Apr. 01, 2020	Mar. 06, 2020	Feb. 20, 2020	Jan. 08, 2020	Oct. 30, 2019	Oct. 04, 2019	Sep. 17, 2019	Jun. 21, 2019	May 09, 2019	Apr. 08, 2019	Mar. 20, 2019	Feb. 26, 2019	Jan. 21, 2019	Dec. 27, 2018	Oct. 04, 2018	Sep. 10, 2018	Jul. 16, 2018	Mar. 13, 2018	Jan. 19, 2018	Dec. 12, 2017	Mar. 06, 2015
Interest rate		2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	5.00%
Due		on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	on demand	June 30, 2022
Director
Interest rate	2.00%
Director | Euro Member Countries, Euro
Loan amount in EURO	$ 645,000	$ 10,000	$ 10,000	$ 10,000	$ 10,000	$ 10,000	$ 15,000	$ 10,000	$ 10,000	$ 10,000	$ 10,000	$ 15,000	$ 10,000	$ 15,000	$ 10,000	$ 10,000	$ 20,000	$ 20,000	$ 20,000	$ 30,000	$ 30,000	$ 20,000	$ 25,000	$ 25,000	$ 15,000	$ 25,000	$ 25,000	$ 25,000	$ 25,000	$ 25,000	$ 25,000	$ 25,000	$ 100,000
Director | United States dollar (next day) (funds code)
Loan amount converted into USD	745,602	11,573	11,521	11,298	11,130	11,276	17,397	11,685	11,606	11,573	11,573	17,360	11,573	17,360	11,573	11,573	23,147	23,147	23,147	34,720	34,720	23,147	28,934	28,934	17,360	28,934	28,934	28,934	28,934	28,934	28,934	28,934	115,735
Interest in USD	$ 65,644	$ 40	$ 125	$ 146	$ 170	$ 191	$ 339	$ 237	$ 246	$ 273	$ 303	$ 488	$ 347	$ 545	$ 373	$ 400	$ 889	$ 922	$ 944	$ 1,583	$ 1,665	$ 1,149	$ 1,467	$ 1,501	$ 935	$ 1,598	$ 1,731	$ 1,769	$ 1,858	$ 2,056	$ 2,140	$ 2,201	$ 37,013

NOTE 4 - RELATED PARTY TRANSA_4

NOTE 4 - RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jul. 29, 2021	Jun. 30, 2021	Mar. 17, 2021	Feb. 11, 2021	Jan. 05, 2021	Dec. 03, 2020	Oct. 09, 2020	Sep. 21, 2020	Sep. 07, 2020	Jul. 27, 2020	Jun. 10, 2020	May 05, 2020	Apr. 01, 2020	Mar. 06, 2020	Feb. 20, 2020	Jan. 08, 2020	Oct. 30, 2019	Oct. 04, 2019	Sep. 17, 2019	Jun. 21, 2019	May 09, 2019	Apr. 08, 2019	Mar. 20, 2019	Feb. 26, 2019	Jan. 21, 2019	Dec. 27, 2018	Oct. 04, 2018	Sep. 10, 2018	Jul. 16, 2018	Mar. 13, 2018	Jan. 19, 2018	Dec. 12, 2017	Mar. 06, 2015
Accrued interest - related party	$ 65,644			$ 62,485
Interest rate			2.00%		2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	5.00%
Interest Expense	$ 4,707	$ 4,198
Director
Interest rate	2.00%
Director | Principal
Accrued interest - related party	$ 11,880
Director | Interest
Accrued interest - related party	$ 65,644

NOTE 5 - CAPITAL STOCK (Details

NOTE 5 - CAPITAL STOCK (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Preferred Stock, Shares Authorized	10,000,000		10,000,000
Common Stock, Shares Authorized	250,000,000		250,000,000
Common Stock, Shares, Issued	207,955,598		206,955,598
Common Stock, Shares, Outstanding	207,901,842		206,901,842
Proceeds from common stock issued for cash	$ 11,867	$ 0
Treasury Stock, Common, Shares	53,756
Treasury Stock, Value	$ 19,387
Common Stock
Common stock issued for cash	1,000,000
Proceeds from common stock issued for cash	$ 11,867