Cover
Cover - USD ($) | 12 Months Ended | ||
Jun. 30, 2023 | Oct. 13, 2023 | Dec. 31, 2022 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Jun. 30, 2023 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Current Fiscal Year End Date | --06-30 | ||
Entity File Number | 333-197692 | ||
Entity Registrant Name | STAR ALLIANCE INTERNATIONAL CORP. | ||
Entity Central Index Key | 0001614556 | ||
Entity Tax Identification Number | 37-1757067 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Address, Address Line One | 2900 West Sahara Avenue | ||
Entity Address, Address Line Two | # 800 | ||
Entity Address, City or Town | Las Vegas | ||
Entity Address, State or Province | NV | ||
Entity Address, Postal Zip Code | 89102 | ||
City Area Code | 833 | ||
Local Phone Number | 443-7827 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | Yes | ||
Entity Current Reporting Status | No | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 4,110,121 | ||
Entity Common Stock, Shares Outstanding | 308,156,163 | ||
ICFR Auditor Attestation Flag | false | ||
Document Financial Statement Error Correction [Flag] | false | ||
Auditor Name | Gries & Associates, LLC | ||
Auditor Location | Denver, Colorado | ||
Auditor Firm ID | 6778 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jun. 30, 2023 | Jun. 30, 2022 |
Current assets: | ||
Cash | $ 4,391 | $ 71,724 |
Prepaids and other assets | 482,500 | 547,350 |
Prepaid stock for services | 0 | 1,813,854 |
Total current assets | 486,891 | 2,432,928 |
Property and equipment | 450,000 | 450,000 |
Mining claims | 57,532 | 57,532 |
Total other assets | 507,532 | 507,532 |
Total Assets | 994,423 | 2,940,460 |
Current liabilities: | ||
Accounts payable | 110,565 | 52,760 |
Accrued expenses | 75,681 | 25,961 |
Accrued expenses–related party | 13,154 | 0 |
Loan payable – related party | 42,500 | 0 |
Accrued compensation | 346,060 | 212,428 |
Notes payable | 202,051 | 193,866 |
Convertible notes payable, net of discount of $105,354 and $191,248, respectively | 396,652 | 323,752 |
Derivative liability | 1,010,145 | 689,231 |
Total current liabilities | 2,196,808 | 1,497,998 |
Total Liabilities | 2,196,808 | 1,497,998 |
Stockholders’ Equity (Deficit): | ||
Common stock, $0.001 par value, 500,000,000 shares authorized, 227,097,537 and 162,788,028 shares issued and outstanding, respectively | 227,098 | 162,788 |
Additional paid-in capital | 24,171,513 | 16,384,983 |
Stock subscription receivable | (56,250) | (50,000) |
Accumulated deficit | (25,547,794) | (15,058,400) |
Total stockholders’ (deficit) equity | (1,202,385) | 1,442,462 |
Total liabilities and stockholders’ deficit | 994,423 | 2,940,460 |
Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock, value | 0 | 0 |
Series A Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock, value | 1,000 | 1,000 |
Series B Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock, value | 1,883 | 1,883 |
Series C Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock, value | $ 165 | $ 208 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - USD ($) | Jun. 30, 2023 | Jun. 30, 2022 |
Discount | $ 105,354 | $ 191,248 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 227,097,537 | 162,788,028 |
Common stock, shares outstanding | 227,097,537 | 162,788,028 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 1,000,000 | 1,000,000 |
Preferred stock, shares outstanding | 1,000,000 | 1,000,000 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,900,000 | 1,900,000 |
Preferred stock, shares issued | 1,833,000 | 1,833,000 |
Preferred stock, shares outstanding | 1,833,000 | 1,833,000 |
Series C Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 163,950 | 207,500 |
Preferred stock, shares outstanding | 163,950 | 207,500 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Operating expenses: | ||
General and administrative | $ 978,792 | $ 1,897,581 |
General and administrative – related party | 0 | 12,000 |
Mine development | 0 | 791,500 |
Professional fees | 142,863 | 144,763 |
Consulting | 1,168,729 | 4,843,835 |
Director compensation | 3,211,400 | 2,111,500 |
Officer compensation | 3,100,500 | 952,500 |
Total operating expenses | 8,602,284 | 10,753,679 |
Loss from operations | (8,602,284) | (10,753,679) |
Other expense: | ||
Interest expense | (308,823) | (297,417) |
Change in fair value of derivative | (353,369) | (136,714) |
Loss on conversion of debt | (166,799) | (102,403) |
Loss on issuance of convertible debt | 0 | (575,396) |
Other expense | (25,000) | (20,000) |
Loss on conversion of preferred stock | (1,033,119) | 0 |
Total other expense | (1,887,110) | (1,131,930) |
Loss before provision for income taxes | (10,489,394) | (11,885,609) |
Provision for income taxes | 0 | 0 |
Net loss | $ (10,489,394) | $ (11,885,609) |
STATEMENTS OF OPERATIONS (Paren
STATEMENTS OF OPERATIONS (Parenthetical) - $ / shares | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||
Net loss per common share - basic | $ (0.05) | $ (0.08) |
Net loss per common share - diluted | $ (0.05) | $ (0.08) |
Weighted average common shares outstanding - basic | 193,155,882 | 145,317,205 |
Weighted average common shares outstanding - diluted | 193,155,882 | 145,317,205 |
STATEMENT OF CHANGES IN STOCKHO
STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) | Series A Preferred Stocks [Member] | Series B Preferred Stocks [Member] | Series C Preferred Stocks [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Common Stock To Be Issued [Member] | Stock Subscription Receivable [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Jun. 30, 2021 | $ 1,000 | $ 1,883 | $ 0 | $ 124,320 | $ 2,793,609 | $ 41,633 | $ (20,000) | $ (3,172,791) | $ (230,346) |
Beginning balance, shares at Jun. 30, 2021 | 1,000,000 | 1,833,000 | 0 | 124,319,584 | |||||
Stock sold for cash | $ 21,955 | 604,045 | (32,000) | (30,000) | 564,000 | ||||
Stock sold for cash, shares | 21,955,000 | ||||||||
Preferred stock sold for cash | $ 208 | 207,292 | 207,500 | ||||||
Preferred stock sold for cash, shares | 207,500 | ||||||||
Stock issued for services | $ 9,866 | 9,042,634 | (3,000) | 9,049,500 | |||||
Stock issued for services, shares | 9,866,444 | ||||||||
Stock issued for services – related party | $ 4,500 | 2,757,000 | 2,761,500 | ||||||
Stock issued for services - related party, shares | 4,500,000 | ||||||||
Stock issued for debt | $ 1,947 | 680,603 | (6,633) | 675,917 | |||||
Stock issued for debt, shares | 1,947,000 | ||||||||
Stock issued for acquisition | $ 200 | 299,800 | 300,000 | ||||||
Stock issued for acquisition , shares | 200,000 | ||||||||
Net loss | (11,885,609) | (11,885,609) | |||||||
Ending balance, value at Jun. 30, 2022 | $ 1,000 | $ 1,883 | $ 208 | $ 162,788 | 16,384,983 | 0 | (50,000) | (15,058,400) | 1,442,462 |
Ending balance, shares at Jun. 30, 2022 | 1,000,000 | 1,833,000 | 207,500 | 162,788,028 | |||||
Stock sold for cash | $ 50 | 6,200 | (6,250) | ||||||
Stock sold for cash, shares | 50,000 | ||||||||
Preferred stock sold for cash | $ 268 | 230,931 | 231,199 | ||||||
Preferred stock sold for cash, shares | 268,200 | ||||||||
Stock issued for services | $ 5,109 | 138,932 | 144,041 | ||||||
Stock issued for services, shares | 5,109,169 | ||||||||
Stock issued for services – related party | $ 21,000 | 5,924,000 | 5,945,000 | ||||||
Stock issued for services - related party, shares | 21,000,000 | ||||||||
Stock issued for debt | $ 16,050 | 448,180 | 464,230 | ||||||
Stock issued for debt, shares | 16,050,618 | ||||||||
Preferred stock converted to common stock | $ (311) | $ 22,101 | 1,035,298 | 1,057,088 | |||||
Preferred stock converted to common stock, shares | (311,750) | 22,099,722 | |||||||
Warrants issued | 24,092 | 24,092 | |||||||
Preferred dividends | (21,103) | (21,103) | |||||||
Net loss | (10,489,394) | (10,489,394) | |||||||
Ending balance, value at Jun. 30, 2023 | $ 1,000 | $ 1,883 | $ 165 | $ 227,098 | $ 24,171,513 | $ 0 | $ (56,250) | $ (25,547,794) | $ (1,202,385) |
Ending balance, shares at Jun. 30, 2023 | 1,000,000 | 1,833,000 | 163,950 | 227,097,537 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (10,489,394) | $ (11,885,609) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Common stock issued for services | 144,041 | 7,235,646 |
Common stock issued for services - related party | 5,945,000 | 2,761,500 |
Prepaid stock issued for services | 1,813,854 | 0 |
Loss on conversion of debt | 166,799 | 102,403 |
Loss on conversion of preferred stock | 1,033,119 | 0 |
Loss on issuance of convertible debt | 0 | 575,396 |
Other expense | 25,000 | 20,000 |
Change in fair value of derivative | 353,369 | 136,714 |
Debt discount amortization | 242,200 | 272,616 |
Changes in assets and liabilities: | ||
Prepaids and other assets | 64,850 | (47,350) |
Accounts payable | 57,805 | 34,382 |
Accrued expenses | 34,998 | 20,247 |
Accrued expenses – related party | 13,154 | 0 |
Accrued compensation | 133,632 | 34,425 |
Net cash used in operating activities | (461,573) | (739,630) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Prepaids and other assets | 0 | (200,000) |
Net cash used in investing activities | 0 | (200,000) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds of borrowings from a related party | 42,500 | 0 |
Proceeds from the sale of common stock | 0 | 544,000 |
Proceeds from the sale of preferred stock | 231,200 | 207,500 |
Proceeds from convertible note payable | 127,355 | 501,250 |
Repayment of convertible note payable | (15,000) | 0 |
Proceeds from notes payable | 42,000 | 138,971 |
Payment on notes payable | (33,815) | (387,156) |
Net cash provided by financing activities | 394,240 | 1,004,565 |
Net change in cash | (67,333) | 64,935 |
Cash at the beginning of year | 71,724 | 6,789 |
Cash at the end of year | 4,391 | 71,724 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | 0 | 0 |
NON-CASH TRANSACTIONS: | ||
Conversion of debt | 154,300 | 97,154 |
Common stock issued for investment | 0 | 300,000 |
Common stock issued for prepaid services | $ 0 | $ 1,813,854 |
NATURE OF BUSINESS
NATURE OF BUSINESS | 12 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF BUSINESS | NOTE 1 – NATURE OF BUSINESS Star Alliance International Corp. (“the Company”, “we”, “us”) was originally incorporated with the name Asteriko Corp. in the State of Nevada on April 17, 2014 under the laws of the state of Nevada. The primary purpose of the Company is to acquire and develop gold mining as well as certain other mining properties worldwide, finding patented new mining technologies and proprietary technology outside the mining industry. |
SIGNIFICANT AND CRITICAL ACCOUN
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES | 12 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES | NOTE 2 – SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES Basis of Presentation The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules of the Securities and Exchange Commission (“SEC”). Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2023: Schedule of liabilities measured at fair value on a recurring basis At June 30, 2023 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 1,010,145 Total $ – $ – $ 1,010,145 At June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231 |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has an accumulated deficit of $ 25,547,794 10,489,394 9,722,349 461,573 The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily operations. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern. |
AGREEMENTS TO ACQUIRE
AGREEMENTS TO ACQUIRE | 12 Months Ended |
Jun. 30, 2023 | |
Business Combination and Asset Acquisition [Abstract] | |
AGREEMENTS TO ACQUIRE | NOTE 4 – AGREEMENTS TO ACQUIRE On December 15, 2021, the Company entered into that certain share purchase agreement (the “Share Purchase Agreement”) with Juan Lemus, the sole shareholder of Compania Minera Metalurgica Centro Americana, a Honduran Corporation (“Commsa”). The Share Purchase Agreement contemplated the acquisition by the Company of 51 1,000,000 5,000,000 7,500,000 On August 14, 2023, the Company and Juan Lemus executed a first addendum to the Share Exchange Agreement which provided for the extension of the Company’s obligations to pay $1,000,000 in cash, the issuance of 5,000,000 shares of the Company’s common stock to Mr. Lemus and the payment of $7,500,000 in working capital until September 30, 2023. As of the date of this Annual Report, the Company issued to Mr. Lemus only 200,000 75,000 On March 19, 2023, the Company entered into and executed a share purchase agreement (the “Share Purchase Agreement”) with Lion Works Advertising, SA, a Guatemalan corporation (“Lion Works”) and Juan Lemus, the sole shareholder of Lion Works, which contemplated the acquisition by the Company, as Buyer, from Mr. Lemus, as Seller, of 51 51 51 · The total purchase price of $ 5,100,000 2,550,000 2,550,000 · The Company will invest an additional 5,000,000 2,000,000 3,000,000 · The Company will engage a patent attorney and pay for the cost of that patent attorney to prepare the patent application related to Genesis and to register that patent, provided that Lion Works will engage an expert to prepare a report on the Genesis system, to be used in this patent application. The parties agreed that the closing of the transactions contemplated by the Share Purchase Agreement will occur on or before March 19, 2023 or at such other time and place as the Buyer and the Seller may agree, provided that (i) the Seller receives the first tranche of working capital funds in the amount of $2,000 prior to the execution and delivery of (i) the paperwork necessary for the attorney to complete the patent submission, (ii) all documentation necessary for the buyer to market the Genesis program, (iii) any other document, certificate or instrument to consummate the transactions contemplated by the Share Purchase Agreement. On July 21, 2023, Juan Lemus and the Company executed a first addendum to the Share Purchase Agreement, pursuant to which the Company’s obligations to pay $ 2,000,000 2,550,000 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Jun. 30, 2023 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 5 – PROPERTY AND EQUIPMENT Long lived assets, including property and equipment assets to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Property and equipment are first recorded at cost. Depreciation and is computed using the straight-line method over the estimated useful lives of the various classes of assets. Maintenance and repair expenses, as incurred, are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income. Assets stated at cost, less accumulated depreciation consisted of the following: Schedule of property, plant and equipment June 30, June 30, Mine Assets $ 450,000 $ 450,000 Total $ 450,000 $ 450,000 Once operations utilizing the property and equipment have begun, the Company will begin depreciation of the assets. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 6 – RELATED PARTY TRANSACTIONS On August 1, 2019, the Company entered into and executed initial employment agreements with Richard Carey, John Baird and Anthony Anish. Each initial employment agreement provided that the initial term of the employment agreement has the term of 36 months starting from August 1, 2019 and continues until July 31, 2022. Thereafter, such employment agreement may be renewed upon mutual agreement of the parties. The employment agreement also may be terminated by each party upon 30 days’ notice to the other party, provided that in the event the Executive breaches his material obligations to the Company, the Company may terminate the executive employment immediately. Each executive agreement included the compensation for the executive, including the base and incentive salary. The executive employment agreement with Mr. Carey stated that his annual base salary is $ 120,000 60,000 On January 1, 2021, the Company amended the employment agreements with Mr. Carey and Mr. Anish, which increased the base annual salaries for Richard Carey from $ 120,000 180,000 60,000 120,000 On March 14, 2023, the Company renewed the employment agreements with Mr. Carey and Mr. Anish (the “New Employment Agreements”), stating that the effective date of the New Employment Agreement is August 1, 2022 and that they have the term of 36 months, the same as the terms of the initial employment agreements. Except for the compensation provisions, the New Employment Agreements contain the same provisions as the initial employment agreement for each executive. Under the terms of the New Employment Agreement, Mr. Carey is entitled to receive the following compensation: · For the period from August 1, 2022 to December 31, 2022, Mr. Carey received the base salary equal to $180,000; · For the period from January 1, 2023 to July 31, 2024, Mr. Carey will receive the base salary equal to $240,000; and · For the period from August 1, 2024 to July 31, 2025, Mr. Carey will receive the base salary equal to $270,000. In addition, Mr. Carey is entitled to receive an equity compensation, as to be determined by the Board of Directors of the Company. Under the terms of the New Employment Agreement, Mr. Anish is entitled to receive s the following compensation: · For the period from August 1, 2022 to December 31, 2022, Mr. Anish received the base salary equal to $120,000; · For the period from January 1, 2023 to July 31, 2024, Mr. Anish will receive the base salary equal to $180,000; and · For the period from August 1, 2024 to July 31, 2025, Mr. Anish will receive the base salary equal to $210,000. In addition, Mr. Anish is entitled to receive an equity compensation, as to be determined by the Board of Directors of the Company. As of the date of this Annual Report, Mr. Anish received an aggregate of 5,000,000 Mr. Carey is using his personal office space at no cost to the Company. On January 10, 2022, the Company issued 1,000,000 1.40 1,400,000 On January 24, 2022, the Board of Directors appointed Mr. Weverson Correia as the Chief Executive Officer and Director of the Company. Mr. Correia was issued 500,000 1.55 772,500 On June 3, 2022, the Company issued 2,500,000 0.22 550,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On November 17, 2022, Mr. Carey agreed to give 4 million of his own shares of common stock in exchange for $ 42,000 On December 5, 2022, the Company issued 1,000,000 0.165 165,000 As of June 30, 2023, the Company owed Ms. Caldwell $ 2,500 |
NOTES PAYABLE
NOTES PAYABLE | 12 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE | NOTE 7 – NOTES PAYABLE As of June 30, 2023 and 2022, the Company owed Kok Chee Lee, the former CEO and Director of the Company, $ 42,651 42,651 On June 1, 2018, the Company executed a promissory note in the amount of $ 32,000 5 December 1, 2018 8,162 6,562 As of June 30, 2023 and 2022, the Company owes various other individuals and entities $ 127,400 119,215 |
CONVERTIBLE NOTES
CONVERTIBLE NOTES | 12 Months Ended |
Jun. 30, 2023 | |
Convertible Notes | |
CONVERTIBLE NOTES | NOTE 8 - CONVERTIBLE NOTES On March 28, 2022, the Company received short term financing from a private investor under a 10% Fixed Convertible Secured Promissory Note in the principal amount of $ 400,000 On February 27, 2023, the Company repaid $ 15,000 75,000 39,300 75,000 7,000,000 On June 8, 2022, the Company executed a 10 price per share equal to the 65% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days up to the date on which lender elects to convert all or part of the Note. On February 7, 2023, the Company executed a 12 0.05 price per share equal to the 65% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days prior to the date on which lender elects to convert all or part of the Note. 1,211,111 0.05 5 On February 8, 2023, the Company executed a 10 0.02 price per share equal to the 65% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days prior to the date on which lender elects to convert all or part of the Note. On June 8, 2023, the Company executed a 9 price per share equal to the 65% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days prior to the date on which lender elects to convert all or part of the Note. The following table summarizes the convertible notes outstanding as of June 30, 2023: Schedule of convertible notes Note Holder Date Maturity Date Interest Balance Additions Payments / Conversions/Assignment Balance Private investor 3/28/2022 7/31/2022 14 $ 400,000 $ – $ (90,000 ) $ 310,000 Fast Capital LLC 6/8/2022 6/8/2023 10 115,000 – (115,000 ) – Quick Capital LLC 2/7/2023 11/8/2023 12 – 60,556 – 60,556 AES Capital Management, LLC 2/8/2023 2/7/2024 10 – 38,000 – 38,000 Rock Bay Partners 10 – 75,000 (39,300) 35,700 1800 Diagonal Lending, LLC 6/8/2023 3/8/2024 9 – 57,750 – 57,750 Total $ 515,000 $ 231,306 $ (244,300 ) $ 502,006 Less debt discount $ (191,248 ) $ (105,354 ) Convertible notes payable, net $ 323,752 $ 396,652 A summary of the activity of the derivative liability for the notes above is as follows: Schedule of derivative liabilities Balance at June 30, 2021 $ – Increase to derivative due to new issuances 552,517 Derivative loss due to mark to market adjustment 136,714 Balance at June 30, 2022 689,231 Increase to derivative due to new issuances 270,062 Decrease to derivative due to conversion (302,571 ) Derivative loss due to mark to market adjustment 353,369 Balance at June 30, 2023 $ 1,010,145 A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of June 30, 2023, is as follows: Schedule of fair value assumptions Inputs June 30, Initial Stock price $ 0.012 $ 0.015 - 0.42 Conversion price $ 0.0045 - 0.0052 $ 0.015 - 0.2995 Volatility (annual) 146.07% - 260.45% 265.91% - 381.28% Risk-free rate 5.4% – 5.47% 0.59% - 5.12% Dividend rate – – Years to maturity 0 - 0.83 0.34 - 1 |
PREFERRED STOCK
PREFERRED STOCK | 12 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
PREFERRED STOCK | NOTE 9 – PREFERRED STOCK Of the 25,000,000 0.001 1,000,000 1,900,000 1,000,000 Series A Preferred Stock Each Share of Series A preferred stock has 500 votes per share and each share can be converted into 500,000,000 shares of common stock. The holders of the Series A preferred stock are not entitled to dividends. On July 2, 2020, the Board granted all 1,000,000 68,556 Series B Preferred Stock Only one person or entity, is entitled to be designated as the owner of all of the Series B Preferred Stock (the “Holder”), in whose name the initial certificates representing the Series B Preferred Stock shall be issued. Any transfer of the Series B Preferred Stock to a different Holder must be approved in advance by the Corporation; provided, however, the Holder shall have the right to transfer the Series B Preferred Stock, or any portion thereof, to any affiliate of Holder or nominee of Holder, without the approval of the Corporation. Each share of Preferred Stock has one vote per share. Holder is not entitled to dividends or distributions and each share of Series B Preferred Stock shall be convertible at the rate of two Common Shares for each one B Preferred stock. In conjunction with the APA with Troy, the company issued 1,883,000 7,532 3,666,000 On October 9, 2019, the parties have agreed to extend the date for filing the registration statement relating to the preferred shares of the Company to be issued to the Troy shareholders and that would in turn extend the date that the shares would become free trading. This extension will be for 150 days for filing the registration statement and obtaining approval for the shares to become free trading. All the remaining terms included in the contract will remain the same. Series C Preferred Stock On March 30, 2022, the Company created and designated 1,000,000 1.00 During the year ended June 30, 2023, the Company sold 268,200 268,200 During the year ended June 30, 2023, Geneva Roth converted 311,750 22,099,722 1,057,088 |
COMMON STOCK
COMMON STOCK | 12 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 10 – COMMON STOCK On August 1, 2021, the Company granted 4,444 20,000 20,000 On November 11, 2021, the Company granted 4,000,000 2,000,000 2,000,000 On December 16, 2021, the Company granted 1,500,000 2,317,500 2,317,500 During the year ended June 30, 2022, the Company issued 4,362,000 4,712,000 During the year ended June 30, 2022, the Company issued 1,947,000 97,154 575,396 During the year ended June 30, 2022, the Company sold 21,955,000 564,000 50,000 During the year ended June 30, 2023, the Company sold 50,000 6,250 During the year ended June 30, 2023, Fast Capital converted $ 115,000 9,050,618 During the year ended June 30, 2023, the Company issued 5,109169 144,041 On March 15, 2023, pursuant to the terms Common Stock Purchase Agreement and a Registration Rights Agreement with Keystone Capital Partners, LLC (“Keystone”) the Company issued 1,000,000 0.016 16,000 During the year ended June 30, 2023, Rock Bay converted $ 39,300 7,000,000 Refer to Note 5 for shares issued to related parties. |
INCOME TAX
INCOME TAX | 12 Months Ended |
Jun. 30, 2023 | |
Income Tax Disclosure [Abstract] | |
INCOME TAX | NOTE 11 – INCOME TAX Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has evaluated Staff Accounting Bulletin No. 118 regarding the impact of the decreased tax rates of the Tax Cuts & Jobs Act. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of 21% is being used due to the new tax law recently enacted. Net deferred tax assets consist of the following components as of June 30: Schedule of deferred tax assets 2023 2022 Deferred Tax Assets: NOL Carryover $ 991,300 $ 830,300 Less valuation allowance (991,300 ) (830,300 ) Net deferred tax assets $ – $ – At June 30, 2023, the Company had net operating loss carry forwards of approximately $ 991,300 No On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cut and Jobs Act (the “Tax Act”). The Tax Act establishes new tax laws that affects 2018 and future years, including a reduction in the U.S. federal corporate income tax rate to 21% effective January 1, 2018. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. ASC Topic 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company’s financial statements. Topic 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of June 30, 2023, the Company had no accrued interest or penalties related to uncertain tax positions. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2016. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Jun. 30, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 12 – SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that no material subsequent events exist. |
SIGNIFICANT AND CRITICAL ACCO_2
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Policies) | 12 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules of the Securities and Exchange Commission (“SEC”). |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 reporting period. Actual results could differ from those estimates. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2023: Schedule of liabilities measured at fair value on a recurring basis At June 30, 2023 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 1,010,145 Total $ – $ – $ 1,010,145 At June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231 |
SIGNIFICANT AND CRITICAL ACCO_3
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Schedule of liabilities measured at fair value on a recurring basis | Schedule of liabilities measured at fair value on a recurring basis At June 30, 2023 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 1,010,145 Total $ – $ – $ 1,010,145 At June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Property, Plant and Equipment [Abstract] | |
Schedule of property, plant and equipment | Schedule of property, plant and equipment June 30, June 30, Mine Assets $ 450,000 $ 450,000 Total $ 450,000 $ 450,000 |
CONVERTIBLE NOTES (Tables)
CONVERTIBLE NOTES (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Convertible Notes | |
Schedule of convertible notes | Schedule of convertible notes Note Holder Date Maturity Date Interest Balance Additions Payments / Conversions/Assignment Balance Private investor 3/28/2022 7/31/2022 14 $ 400,000 $ – $ (90,000 ) $ 310,000 Fast Capital LLC 6/8/2022 6/8/2023 10 115,000 – (115,000 ) – Quick Capital LLC 2/7/2023 11/8/2023 12 – 60,556 – 60,556 AES Capital Management, LLC 2/8/2023 2/7/2024 10 – 38,000 – 38,000 Rock Bay Partners 10 – 75,000 (39,300) 35,700 1800 Diagonal Lending, LLC 6/8/2023 3/8/2024 9 – 57,750 – 57,750 Total $ 515,000 $ 231,306 $ (244,300 ) $ 502,006 Less debt discount $ (191,248 ) $ (105,354 ) Convertible notes payable, net $ 323,752 $ 396,652 |
Schedule of derivative liabilities | Schedule of derivative liabilities Balance at June 30, 2021 $ – Increase to derivative due to new issuances 552,517 Derivative loss due to mark to market adjustment 136,714 Balance at June 30, 2022 689,231 Increase to derivative due to new issuances 270,062 Decrease to derivative due to conversion (302,571 ) Derivative loss due to mark to market adjustment 353,369 Balance at June 30, 2023 $ 1,010,145 |
Schedule of fair value assumptions | Schedule of fair value assumptions Inputs June 30, Initial Stock price $ 0.012 $ 0.015 - 0.42 Conversion price $ 0.0045 - 0.0052 $ 0.015 - 0.2995 Volatility (annual) 146.07% - 260.45% 265.91% - 381.28% Risk-free rate 5.4% – 5.47% 0.59% - 5.12% Dividend rate – – Years to maturity 0 - 0.83 0.34 - 1 |
INCOME TAX (Tables)
INCOME TAX (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Income Tax Disclosure [Abstract] | |
Schedule of deferred tax assets | Schedule of deferred tax assets 2023 2022 Deferred Tax Assets: NOL Carryover $ 991,300 $ 830,300 Less valuation allowance (991,300 ) (830,300 ) Net deferred tax assets $ – $ – |
SIGNIFICANT AND CRITICAL ACCO_4
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Details) - USD ($) | Jun. 30, 2023 | Jun. 30, 2022 |
Fair Value, Inputs, Level 1 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative fair value | $ 0 | $ 0 |
Fair Value, Inputs, Level 1 [Member] | Derivative [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative fair value | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative fair value | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Derivative [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative fair value | 1,010,145 | 689,231 |
Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative fair value | $ 1,010,145 | $ 689,231 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated deficit | $ 25,547,794 | $ 15,058,400 |
Net loss | 10,489,394 | 11,885,609 |
Non cash expense | 9,722,349 | |
Cash in operating activities | $ 461,573 | $ 739,630 |
AGREEMENTS TO ACQUIRE (Details
AGREEMENTS TO ACQUIRE (Details Narrative) - Share Purchase Agreement [Member] - USD ($) | 12 Months Ended | |||
Jul. 21, 2023 | Mar. 19, 2023 | Dec. 15, 2021 | Jun. 30, 2023 | |
Commsa [Member] | Juan Lemus [Member] | ||||
Business Acquisition [Line Items] | ||||
Acquisition percentage | 51% | |||
Cash | $ 10,000 | $ 750 | ||
Issued shares | 50,000 | 2,000 | ||
Working capital | $ 75,000 | |||
Commsa [Member] | Juan Lemus [Member] | Subsequent Event [Member] | ||||
Business Acquisition [Line Items] | ||||
Working capital | $ 20,000 | |||
First minimum payment amount | $ 25,500 | |||
Lion Works [Member] | ||||
Business Acquisition [Line Items] | ||||
Acquisition percentage | 51% | |||
Purchase price in cash | $ 5,100,000 | |||
First minimum payment amount | 2,550,000 | |||
Remaining outstanding balance | $ 2,550,000 | |||
Lion Works [Member] | Juan Lemus [Member] | ||||
Business Acquisition [Line Items] | ||||
Acquisition percentage | 51% | |||
Lion Works [Member] | Genesis [Member] | ||||
Business Acquisition [Line Items] | ||||
Acquisition percentage | 51% | |||
First minimum payment amount | $ 2,000,000 | |||
Remaining outstanding balance | $ 3,000,000 | |||
Invest additional share | 5,000,000 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | Jun. 30, 2023 | Jun. 30, 2022 |
Property, Plant and Equipment [Abstract] | ||
Mine Assets | $ 450,000 | $ 450,000 |
Total | $ 450,000 | $ 450,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 12 Months Ended | |||||||||||
Mar. 14, 2023 | Dec. 05, 2022 | Nov. 17, 2022 | Aug. 15, 2022 | Jun. 03, 2022 | Jan. 24, 2022 | Jan. 10, 2022 | Dec. 16, 2021 | Jan. 02, 2021 | Aug. 01, 2019 | Jun. 30, 2023 | Jun. 30, 2022 | |
Related Party Transaction [Line Items] | ||||||||||||
Non cash expenses | $ 144,041 | $ 9,049,500 | ||||||||||
Themis Glatman [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Shares issued for services | 1,000,000 | |||||||||||
Shares issued price per share | $ 1.40 | |||||||||||
Non cash expenses | $ 1,400,000 | |||||||||||
Weverson Correia [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Shares issued for services | 5,000,000 | 500,000 | ||||||||||
Shares issued price per share | $ 0.289 | $ 1.55 | ||||||||||
Non cash expenses | $ 1,445,000 | $ 772,500 | ||||||||||
Anthony Anish [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Shares issued for services | 5,000,000 | 2,500,000 | ||||||||||
Shares issued price per share | $ 0.289 | $ 0.22 | ||||||||||
Non cash expenses | $ 1,445,000 | $ 550,000 | ||||||||||
Fernando Godina [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Shares issued for services | 5,000,000 | |||||||||||
Shares issued price per share | $ 0.289 | |||||||||||
Non cash expenses | $ 1,445,000 | |||||||||||
Bryan Cappelli [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Shares issued for services | 5,000,000 | |||||||||||
Shares issued price per share | $ 0.289 | |||||||||||
Non cash expenses | $ 1,445,000 | |||||||||||
Richard Carey [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Debt conversion amount | $ 42,000 | |||||||||||
Themis Caldwell [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Shares issued for services | 1,000,000 | |||||||||||
Shares issued price per share | $ 0.165 | |||||||||||
Non cash expenses | $ 165,000 | |||||||||||
Caldwell [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Short term advance | $ 2,500 | |||||||||||
Executive Initial Employment Agreement [Member] | Richard Carey [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Annual base salary | $ 120,000 | |||||||||||
Executive Initial Employment Agreement [Member] | Anthony Anish [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Annual base salary | 60,000 | |||||||||||
Executive Initial Employment Agreement [Member] | John Baird [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Annual base salary | 60,000 | |||||||||||
Amended Employment Agreement [Member] | Richard Carey [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Annual base salary | $ 180,000 | 120,000 | ||||||||||
Amended Employment Agreement [Member] | Anthony Anish [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Annual base salary | $ 120,000 | $ 60,000 | ||||||||||
New Employment Agreements [Member] | Anthony Anish [Member] | ||||||||||||
Related Party Transaction [Line Items] | ||||||||||||
Shares granted | 5,000,000 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | Jun. 01, 2018 | Jun. 30, 2023 | Jun. 30, 2022 |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Other notes payable | $ 127,400 | $ 119,215 | |
Kok Chee Lee [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Note payable | 42,651 | 42,651 | |
Former Secy Of Board [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Debt face amount | $ 32,000 | ||
Debt stated interest rate | 5% | ||
Debt maturity date | Dec. 01, 2018 | ||
Accrued interest | $ 8,162 | $ 6,562 |
CONVERTIBLE NOTES (Details)
CONVERTIBLE NOTES (Details) - USD ($) | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Short-Term Debt [Line Items] | ||
Beginning balance | $ 515,000 | |
Additions | 231,306 | |
Payment | (244,300) | |
Ending balance | 502,006 | |
Less debt discount | (105,354) | $ (191,248) |
Convertible notes payable, net | $ 396,652 | $ 323,752 |
Private Investor [Member] | ||
Short-Term Debt [Line Items] | ||
Date | Mar. 28, 2022 | |
Maturity date | Jul. 31, 2022 | |
Interest rate | 14% | |
Beginning balance | $ 400,000 | |
Additions | 0 | |
Payment | (90,000) | |
Ending balance | $ 310,000 | |
Fast Capital L L C [Member] | ||
Short-Term Debt [Line Items] | ||
Date | Jun. 08, 2022 | |
Maturity date | Jun. 08, 2023 | |
Interest rate | 10% | |
Beginning balance | $ 115,000 | |
Additions | 0 | |
Payment | (115,000) | |
Ending balance | $ 0 | |
Quick Capital L L C [Member] | ||
Short-Term Debt [Line Items] | ||
Date | Feb. 07, 2023 | |
Maturity date | Nov. 08, 2023 | |
Interest rate | 12% | |
Beginning balance | $ 0 | |
Additions | 60,556 | |
Payment | 0 | |
Ending balance | $ 60,556 | |
Aes Capital Management L L C [Member] | ||
Short-Term Debt [Line Items] | ||
Date | Feb. 08, 2023 | |
Maturity date | Feb. 07, 2024 | |
Interest rate | 10% | |
Beginning balance | $ 0 | |
Additions | 38,000 | |
Payment | 0 | |
Ending balance | $ 38,000 | |
Rock Bay Partners [Member] | ||
Short-Term Debt [Line Items] | ||
Interest rate | 10% | |
Beginning balance | $ 0 | |
Additions | 75,000 | |
Payment | (39,300) | |
Ending balance | $ 35,700 | |
1800 Diagonal Lending LLC [Member] | ||
Short-Term Debt [Line Items] | ||
Date | Jun. 08, 2023 | |
Maturity date | Mar. 08, 2024 | |
Interest rate | 9% | |
Beginning balance | $ 0 | |
Additions | 57,750 | |
Payment | 0 | |
Ending balance | $ 57,750 |
CONVERTIBLE NOTES (Details - Sc
CONVERTIBLE NOTES (Details - Schedule of derivative liabilities) - USD ($) | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Convertible Notes | ||
Derivative Liability, beginning | $ 689,231 | $ 0 |
Increase to derivative due to new issuances | 270,062 | 552,517 |
Decrease to derivative due to conversion | (302,571) | |
Derivative loss due to mark to market adjustment | 353,369 | 136,714 |
Derivative Liability, ending | $ 1,010,145 | $ 689,231 |
CONVERTIBLE NOTES (Details - As
CONVERTIBLE NOTES (Details - Assumptions) | 12 Months Ended | |
Feb. 08, 2023 | Jun. 30, 2023 | |
Measurement Input, Share Price [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 0.012 | |
Measurement Input, Share Price [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 0.015 - 0.42 | |
Measurement Input, Conversion Price [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 0.0045 - 0.0052 | |
Measurement Input, Conversion Price [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 0.015 - 0.2995 | |
Measurement Input, Price Volatility [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 146.07% - 260.45% | |
Measurement Input, Price Volatility [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 265.91% - 381.28% | |
Measurement Input, Risk Free Interest Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 5.4% – 5.47% | |
Measurement Input, Risk Free Interest Rate [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 0.59% - 5.12% | |
Measurement Input, Discount Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | ||
Measurement Input, Discount Rate [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | ||
Measurement Input, Maturity [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 0 - 0.83 | |
Measurement Input, Maturity [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, determination of fair value | 0.34 - 1 |
CONVERTIBLE NOTES (Details Narr
CONVERTIBLE NOTES (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |||||||
Jun. 08, 2023 | Feb. 27, 2023 | Feb. 08, 2023 | Feb. 07, 2023 | Jun. 08, 2022 | Jun. 30, 2023 | Jun. 30, 2023 | Apr. 28, 2022 | Mar. 28, 2022 | |
Fixed 10 Convertible Secured Prom Note [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Principal amount | $ 400,000 | ||||||||
Repaid amount | $ 15,000 | ||||||||
Rock Bay Partners [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Principal amount | $ 75,000 | ||||||||
Debt conversion amount | $ 39,300 | $ 39,300 | |||||||
Debt conversion, shares | 7,000,000 | 7,000,000 | |||||||
Fast Capital L L C [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate | 10% | ||||||||
Quick Capital L L C [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate | 12% | ||||||||
Conversion price | $ 0.05 | ||||||||
Number of warrants issued | 1,211,111 | ||||||||
Warrant exercise price | $ 0.05 | ||||||||
Warrant term | 5 years | ||||||||
Aes Capital Management L L C [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate | 10% | ||||||||
Conversion price | $ 0.0002 | ||||||||
1800 Diagonal Lending LLC [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate | 9% |
PREFERRED STOCK (Details Narrat
PREFERRED STOCK (Details Narrative) - USD ($) | 12 Months Ended | ||||
Jul. 02, 2020 | Aug. 13, 2019 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 30, 2022 | |
Class of Stock [Line Items] | |||||
Preferred stock, shares authorized | 25,000,000 | 25,000,000 | |||
Preferred stock, par value | $ 0.001 | $ 0.001 | |||
Stock issued during period value, acquisitions | $ 300,000 | ||||
Proceeds from the sale of preferred stock | $ 231,200 | $ 207,500 | |||
Geneva Roth Remark Holdings [Member] | |||||
Class of Stock [Line Items] | |||||
Loss on conversion of stock | $ 1,057,088 | ||||
Series A Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | |||
Preferred stock, par value | $ 0.001 | $ 0.001 | |||
Preferred stock, shares designated | 1,000,000 | ||||
Series A Preferred Stock [Member] | Richard Carey [Member] | |||||
Class of Stock [Line Items] | |||||
Shares granted | 1,000,000 | ||||
Accrued compensation | $ 68,556 | ||||
Series B Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred stock, shares authorized | 1,900,000 | 1,900,000 | |||
Preferred stock, par value | $ 0.001 | $ 0.001 | |||
Preferred stock, shares designated | 1,900,000 | ||||
Series B Preferred Stock [Member] | Asset Purchase Agreement [Member] | |||||
Class of Stock [Line Items] | |||||
Stock issued during period shares, acquisitions | 1,883,000 | ||||
Stock issued during period value, acquisitions | $ 7,532 | ||||
Common stock to be issued | 3,666,000 | ||||
Series C Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | |||
Preferred stock, par value | $ 0.001 | $ 0.001 | $ 1 | ||
Preferred stock, shares designated | 1,000,000 | 1,000,000 | |||
Series C Preferred Stock [Member] | Geneva Roth Remark Holdings [Member] | |||||
Class of Stock [Line Items] | |||||
Stock issued | 268,200 | ||||
Proceeds from the sale of preferred stock | $ 268,200 | ||||
Conversion of stock, shares converted | 311,750 | ||||
Common Stock [Member] | Geneva Roth Remark Holdings [Member] | |||||
Class of Stock [Line Items] | |||||
Conversion of stock, shares issued | 22,099,722 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |||||
Mar. 15, 2023 | Dec. 16, 2021 | Nov. 11, 2021 | Aug. 02, 2021 | Jun. 30, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | |
Class of Stock [Line Items] | |||||||
Number of value issued for services | $ 144,041 | $ 9,049,500 | |||||
Loss on conversion of debt | 166,799 | 102,403 | |||||
Proceeds from sale of stock | 0 | 544,000 | |||||
Common stock subscription receivable | $ 56,250 | 56,250 | 50,000 | ||||
Number of value issued | $ 564,000 | ||||||
Fast Capital [Member] | |||||||
Class of Stock [Line Items] | |||||||
Debt conversion, shares | 9,050,618 | ||||||
Debt conversion amount | $ 115,000 | ||||||
Rock Bay Partners [Member] | |||||||
Class of Stock [Line Items] | |||||||
Debt conversion, shares | 7,000,000 | 7,000,000 | |||||
Debt conversion amount | $ 39,300 | $ 39,300 | |||||
Common Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Debt conversion, shares | 1,947,000 | ||||||
Debt converted, amount converted | $ 97,154 | ||||||
Loss on conversion of debt | $ 575,396 | ||||||
Common Stock [Member] | Services 1 [Member] | |||||||
Class of Stock [Line Items] | |||||||
Number of shares issued for services | 4,444 | ||||||
Number of value issued for services | $ 20,000 | ||||||
Amortized amount | $ 20,000 | ||||||
Common Stock [Member] | Services 2 [Member] | |||||||
Class of Stock [Line Items] | |||||||
Number of shares issued for services | 4,000,000 | ||||||
Number of value issued for services | $ 2,000,000 | ||||||
Amortized amount | $ 2,000,000 | ||||||
Common Stock [Member] | Services 3 [Member] | |||||||
Class of Stock [Line Items] | |||||||
Number of shares issued for services | 1,500,000 | ||||||
Number of value issued for services | $ 2,317,500 | ||||||
Amortized amount | $ 2,317,500 | ||||||
Common Stock [Member] | Services 4 [Member] | |||||||
Class of Stock [Line Items] | |||||||
Number of shares issued for services | 4,362,000 | ||||||
Number of value issued for services | $ 4,712,000 | ||||||
Common Stock [Member] | Stock Sale [Member] | |||||||
Class of Stock [Line Items] | |||||||
Number of shares issued | 50,000 | 21,955,000 | |||||
Proceeds from sale of stock | $ 6,250 | $ 564,000 | |||||
Common Stock [Member] | Services [Member] | |||||||
Class of Stock [Line Items] | |||||||
Number of shares issued for services | 5,109,169 | ||||||
Number of value issued for services | $ 144,041 | ||||||
Common Stock [Member] | Common Stock Purchase Agreement [Member] | Key Stone [Member] | |||||||
Class of Stock [Line Items] | |||||||
Number of shares issued | 1,000,000 | ||||||
Share price | $ 0.016 | ||||||
Number of value issued | $ 16,000 |
INCOME TAX (Details)
INCOME TAX (Details) - USD ($) | Jun. 30, 2023 | Jun. 30, 2022 |
Deferred Tax Assets: | ||
NOL Carryover | $ 991,300 | $ 830,300 |
Less valuation allowance | (991,300) | (830,300) |
Net deferred tax assets | $ 0 | $ 0 |
INCOME TAX (Details Narrative)
INCOME TAX (Details Narrative) - USD ($) | Jun. 30, 2023 | Jun. 30, 2022 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carryforward | $ 991,300 | |
Tax benefit | $ 0 | $ 0 |