Cover
Cover - shares | 9 Months Ended | |
Mar. 31, 2023 | May 19, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2023 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --06-30 | |
Entity File Number | 000-56131 | |
Entity Registrant Name | FORZA INNOVATIONS INC. | |
Entity Central Index Key | 0001683131 | |
Entity Tax Identification Number | 30-0852686 | |
Entity Incorporation, State or Country Code | WY | |
Entity Address, Address Line One | 406 9th Avenue | |
Entity Address, Address Line Two | Suite 210 | |
Entity Address, City or Town | San Diego | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 92101 | |
City Area Code | 619 | |
Local Phone Number | 324-7388 | |
Entity Current Reporting Status | Yes | |
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 Common Stock, Shares Outstanding | 1,364,972,026 |
CONSOLIDATED BALANCE SHEETS (Un
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) | Mar. 31, 2023 | Jun. 30, 2022 |
Current assets: | ||
Cash | $ 12,638 | $ 295,914 |
Prepaid | 5,130 | |
Loans receivable | 46,250 | |
Total current assets | 58,888 | 301,044 |
Machinery and equipment, net | 187,347 | 155,599 |
Other assets | 5,913 | 5,913 |
Total other assets | 193,260 | 161,512 |
Total Assets | 252,148 | 462,556 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 109,025 | 49,972 |
Accrued interest | 200,842 | 129,564 |
Convertible notes payable, net of discount of $199,787 and $424,889, respectively | 1,502,005 | 905,111 |
Derivative liability | 1,063,934 | 662,982 |
Loan payable | 22,729 | 22,729 |
Due to related party | 19,306 | 19,406 |
Total current liabilities | 2,917,841 | 1,789,764 |
Total liabilities | 2,917,841 | 1,789,764 |
Commitments and contingencies | ||
Stockholders' equity (deficit): | ||
Class B Preferred stock, $0.001 par value, 25,000,000 shares authorized, 10,000,000 issued and outstanding | 10,000 | 10,000 |
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 1,229,887,991 and 220,009,575 shares issued and outstanding, respectively | 1,229,888 | 220,009 |
Common stock to be issued | 26,231 | 26,231 |
Additional paid-in capital | 5,042,872 | 4,611,790 |
Accumulated deficit | (8,974,684) | (6,195,238) |
Total stockholders' deficit | (2,665,693) | (1,327,208) |
Total Liabilities and Stockholders' Deficit | $ 252,148 | $ 462,556 |
CONSOLIDATED BALANCE SHEETS (_2
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) | Mar. 31, 2023 | Jun. 30, 2022 |
Debt Instrument, Unamortized Discount, Current | $ 199,787 | $ 424,889 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | |
Common Stock, Shares Authorized | 10,000,000,000 | |
Common Stock, Shares, Outstanding | 1,229,887,991 | 220,009,575 |
Series B Preferred Stock [Member] | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | |
Preferred Stock, Shares Authorized | 25,000,000 | |
Preferred Stock, Shares Outstanding | 10,000,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Income Statement [Abstract] | ||||
Revenue | $ 39,954 | $ 100,552 | ||
Cost of revenue | 356 | 26,556 | ||
Gross margin | 39,598 | 73,996 | ||
Operating Expenses: | ||||
General & administrative expenses | 80,134 | 223,624 | 223,718 | 359,221 |
Advertising and marketing | 1,888 | 31,405 | ||
Compensation expense | 86,938 | 101,176 | 436,942 | 211,456 |
Professional fees | 42,544 | 81,730 | 201,684 | 112,741 |
Stock based compensation | 126,066 | 423,510 | 854,550 | |
Total operating expenses | 337,570 | 406,530 | 1,317,259 | 1,537,968 |
Loss from operations | (297,972) | (406,530) | (1,243,263) | (1,537,968) |
Other income (expense): | ||||
Interest expense | (54,639) | (72,715) | (135,028) | (90,007) |
Loss on issuance of convertible debt | (796,436) | (85,083) | (1,095,146) | |
Loss on conversion of debt | (32,719) | (209,000) | ||
Change in fair value of derivatives | (586,251) | 385,084 | (586,829) | 516,136 |
Debt discount amortization | (107,770) | (108,633) | (508,093) | (140,728) |
Early payment penalty | (12,150) | |||
Total other expense | (781,379) | (592,700) | (1,536,183) | (809,745) |
Loss before income taxes | (1,079,351) | (999,230) | (2,779,446) | (2,347,713) |
Provision for income taxes | ||||
Net Loss | $ (1,079,351) | $ (999,230) | $ (2,779,446) | $ (2,347,713) |
Net loss per common share, basic & diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted common shares outstanding, basic & diluted | 908,032,890 | 295,432,901 | 583,684,383 | 288,361,958 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Deficit - USD ($) | Common Stock [Member] | Preferred Stock [Member] | Additional Paid-in Capital [Member] | Common Stock To Be Issued [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Jun. 30, 2021 | $ 281,000 | $ 10,000 | $ 2,921,000 | $ (3,494,730) | $ (282,730) | |
Shares, Outstanding, Beginning Balance at Jun. 30, 2021 | 281,000,000 | 10,000,000 | ||||
Shares issued for conversion of debt | $ 144 | 29,856 | 100,000 | 130,000 | ||
Debt Conversion, Converted Instrument, Shares Issued | 144,231 | |||||
Options exercised – related party | $ 400 | 19,600 | 20,000 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period | 400,000 | |||||
Ending balance, value at Sep. 30, 2021 | $ 281,544 | 10,000 | 3,825,006 | 100,000 | (4,455,992) | (239,442) |
Fair value of options granted | 854,550 | 854,550 | ||||
Net loss | (961,262) | (961,262) | ||||
Shares, Outstanding, Ending Balance at Sep. 30, 2021 | 281,554,231 | |||||
Shares issued for conversion of debt | $ 10,000 | 90,000 | (100,000) | |||
Debt Conversion, Converted Instrument, Shares Issued | 10,000,000 | |||||
Options exercised – related party | $ 100 | 3,943 | 4,043 | |||
Ending balance, value at Dec. 31, 2021 | 291,644 | 10,000 | 3,918,949 | 3,431 | (4,843,213) | (619,189) |
Shares granted for financing costs | 3,431 | 3,431 | ||||
Net loss | (387,221) | (387,221) | ||||
Shares, Outstanding, Ending Balance at Dec. 31, 2021 | 291,644,231 | 10,000,000 | ||||
Shares issued for conversion of debt | $ 4,104 | 100,371 | 104,475 | |||
Debt Conversion, Converted Instrument, Shares Issued | 4,105,730 | |||||
Ending balance, value at Mar. 31, 2022 | $ 298,448 | 10,000 | 4,290,431 | 3,431 | (5,842,443) | (1,240,133) |
Fair value of warrants granted | 109,561 | 109,561 | ||||
Shares granted for financing costs | 2,700 | 161,550 | 164,250 | |||
Net loss | (999,230) | (999,230) | ||||
Shares, Outstanding, Ending Balance at Mar. 31, 2022 | 298,449,961 | 10,000,000 | ||||
Beginning balance, value at Jun. 30, 2022 | $ 220,009 | $ 10,000 | 4,611,790 | 26,231 | (6,195,238) | (1,327,208) |
Shares, Outstanding, Beginning Balance at Jun. 30, 2022 | 220,009,575 | 10,000,000 | ||||
Shares issued for conversion of debt | $ 74,715 | 280,337 | 355,052 | |||
Debt Conversion, Converted Instrument, Shares Issued | 74,714,953 | |||||
Ending balance, value at Sep. 30, 2022 | $ 394,724 | 10,000 | 4,980,802 | 26,231 | (7,033,241) | (1,621,484) |
Fair value of warrants granted | 188,675 | 188,675 | ||||
Shares issues – related party | $ 100,000 | (100,000) | ||||
[custom:SharesIssuesRelatedPartyShares] | 100,000,000 | |||||
Net loss | (838,003) | (838,003) | ||||
Shares, Outstanding, Ending Balance at Sep. 30, 2022 | 394,724,528 | 10,000,000 | ||||
Shares issued for conversion of debt | $ 385,435 | 99,663 | 485,098 | |||
Debt Conversion, Converted Instrument, Shares Issued | 385,434,463 | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period | 100,000 | |||||
Ending balance, value at Dec. 31, 2022 | $ 780,159 | 10,000 | 5,189,234 | 26,231 | (7,895,333) | (1,889,709) |
Fair value of warrants granted | 108,769 | 108,769 | ||||
Net loss | (862,092) | (862,092) | ||||
Shares, Outstanding, Ending Balance at Dec. 31, 2022 | 780,158,991 | 10,000,000 | ||||
Shares issued for conversion of debt | $ 449,729 | (272,428) | 177,301 | |||
Debt Conversion, Converted Instrument, Shares Issued | 449,729,900 | |||||
Ending balance, value at Mar. 31, 2023 | $ 1,229,888 | 10,000 | 5,042,872 | 26,231 | (8,974,684) | (2,665,693) |
Fair value of warrants granted | 126,066 | 126,066 | ||||
Net loss | $ (1,079,351) | $ (1,079,351) | ||||
Shares, Outstanding, Ending Balance at Mar. 31, 2023 | 1,229,887,991 | 10,000,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Mar. 31, 2023 | Sep. 30, 2022 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
Cash flows from operating activities: | ||||||
Net Loss | $ (1,079,351) | $ (999,230) | $ (2,779,446) | $ (2,347,713) | ||
Adjustments to reconcile net loss to net cash used by operating activities: | ||||||
Depreciation and amortization | 50,561 | 24,208 | ||||
Debt discount amortization | 508,093 | 140,728 | ||||
Loss on issuance of convertible debt | 796,436 | 85,083 | 1,095,146 | |||
Change in fair value of derivatives | 586,251 | (385,084) | 586,829 | (516,136) | ||
Loss on conversion of debt | 32,719 | $ 20,840 | 209,000 | |||
Common stock is sued for services | 167,680 | |||||
Other stock-based compensation | 126,066 | 423,510 | 854,550 | |||
Changes in operating assets and liabilities: | ||||||
Prepaids | 5,130 | |||||
Accounts payable and accrued liabilities | 59,052 | (5,913) | ||||
Accrued interest | 131,291 | 3,739 | ||||
Accrued compensation | 90,007 | |||||
Net cash used by operating activities | (720,897) | (493,704) | ||||
Cash flows from investing activities: | ||||||
Purchase of property and equipment | (82,309) | (55,335) | ||||
Loans receivable | (46,250) | |||||
Net cash used by investing activities | (128,559) | (55,335) | ||||
Cash flows from financing activities: | ||||||
Advances from related party | 27,088 | |||||
Repayment of related party loans | (100) | (28,106) | ||||
Proceeds from convertible debt | 846,280 | 942,450 | ||||
Repayment of convertible debt | (280,000) | |||||
Proceeds from the exercise of options | 24,043 | |||||
Net cash provided by financing activities | 566,180 | 965,475 | ||||
Net change in cash | (283,276) | 416,436 | ||||
Cash, beginning of period | $ 295,914 | 295,914 | 13,677 | $ 13,677 | ||
Cash, end of period | $ 12,638 | $ 430,113 | 12,638 | 430,113 | $ 295,914 | |
Supplemental disclosure of cash flow information: | ||||||
Cash paid for interest | ||||||
Cash paid for taxes | ||||||
Supplemental non-cash disclosure: | ||||||
Common stock issued for conversion of debt | $ 441,738 | $ 234,476 |
NATURE OF OPERATIONS
NATURE OF OPERATIONS | 9 Months Ended |
Mar. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF OPERATIONS | NOTE 1 - NATURE OF OPERATIONS Forza Innovations Inc. (the “Company”) was incorporated on December 9, 2014, under the laws of the State of Florida. The Company was a diversified multi-industry manufacturer of complex metal components and products. We serve all general industrial markets such as Aerospace, Automotive, Commercial, Food Processing, Industrial, Maritime, Medical, Railroad, Oil and Gas, Packaging, Telecom, Textiles, Robotics, Space Travel, Transportation and many more. We are a vertically integrated precision CNC manufacturing and fabrication company with core emphasis on product design, engineering and precision manufacturing of complex components and products. On February 5, 2018, the Company formed Genesys Industries, LLC as a wholly owned subsidiary in the state of Missouri. On January 21, 2021, Shefali Vibhakar, President of the Company closed a Share Purchase Agreement (the “Agreement”) that she entered into with Johnny Forzani to sell all of her 170,000,000 common shares and 10,000,000 preferred shares to Johnny Forzani for cash consideration of $ 177,000 . Further, as part of the Agreement, Ms. Vibhakar agrees to spin out all of the Company’s assets (except for certain machinery valued at $ 40,000 – which is subject to a separate purchase agreement) as well as all of the Company’s liabilities (except the Company’s note with Tangiers Capital, LLC). The value date of the assets and liabilities will be January 21, 2021. On January 21, 2021, a change in control of the Company occurred pursuant to the Agreement. Mr. Forzani now has voting control over 93.9% of the Company’s issued and outstanding common stock. On January 21, 2021, the Company received the resignation of Shefali Vibhakar as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary and Director and appointed Johnny Forzani as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary. Effective January 21, 2021, the Company’s new address is 30 Forzani Way NW, Calgary, Alberta, Canada T3Z 1L5. On February 17, 2021, the Company filed Articles of Continuance with the Secretary of State for the state of Wyoming. Accordingly, the Company transferred its state of formation from Florida to Wyoming and became a Wyoming entity. On February 18, 2021, the Company filed a Certificate of Dissolution with the Secretary of State for the State of Florida, effectively dissolving the Company's existence in Florida. As of June 30, 2021, Forza Innovations has moved out of the precision CNC manufacturing and fabrication business and has moved into the health-tech wearable performance business. The Company has acquired the ownership and rights to certain late developmental stage products, including the J4 Sport, J4 X and J4 Fitbelt. These products are wearable back compression devices, used to relax, warmup, loosen, or relax stiff & sore muscles. The therapeutic application of heat causes a change in temperature of the soft tissues which decreases joint stiffness and relieves inflammation. On March 1, 2022, the Company entered into a Share Exchange Agreement (the “Agreement”) with Sustainable Origins Inc. (“Sustainable”), whereby the Company acquired 100% of the shares of Sustainable in exchange for 600,000 shares of the Company’s common stock and a cash payment of $ 17,000 and the payment of certain initial expenses, thereby making Sustainable a wholly-owned subsidiary of the Company. Sustainable is in the business of used cooking oil recycling and has recently entered into an asset purchase agreement with Oil Industries, Inc. of North Carolina to acquire certain assets related to the used cooking oil business. The Company valued the shares of common stock at $ 0.038 , the closing stock price on the effective date of the agreement, for a valuation of $ 22,800 . At the time of acquisition Sustainable had no operations. As such the Company fully impaired the $22,800. As of March 31, 2023, the shares have not yet been issued to Sustainable. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at March 31, 2023 and for the related periods presented have been made. The results for the nine months ended March 31, 2023 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2022, filed with the Securities and Exchange Commission. 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. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of March 31, 2023 and June 30, 2022. Principles of Consolidation The accompanying unaudited consolidated financial statements for three and nine months ended March 31, 2023, include the accounts of the Company and its wholly owned subsidiary, Sustainable Origins. All material inter-company transactions have been eliminated in consolidation. Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the period ended March 31, 2023. Property, Plant and Equipment Property and equipment are carried at the lower of cost or net realizable value. Major betterments that extend the useful lives of assets are also capitalized. Normal maintenance and repairs are charged to expense as incurred. When assets are sold or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in operations. Derivative Financial Instruments The Company evaluates its convertible notes to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. 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 (3) 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 (3) 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 amates 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 asset measured at fair value on a recurring basis into the fair value hierarchy as of March 31, 2023 and June 30, 2022: March 31, 2023 Schedule of fair value hierarchy Description Level 1 Level 2 Level 3 Derivative $ — $ — $ 1,063,934 Total $ — $ — $ 1,063,934 June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ — $ — $ 662,982 Total $ — $ — $ 662,982 Basic and Diluted Loss Per Share Under ASC 260 “Earnings Per Share,” the Company presents basic and diluted earnings (loss) per-share (“EPS”) amounts on the face of the statements of operations. Basic EPS computed by dividing income (loss) available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Shares issued during the period and shares reacquired during the period are weighted for the portion of the period that they were outstanding. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. Potentially diluted amounts from preferred stock are not presented when the effect of the computations are anti-dilutive due to the losses incurred. Accordingly, there is no difference in the amounts presented for basic and diluted loss per share. Recent Accounting Pronouncements The Company has implemented all new applicable accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Mar. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 - GOING CONCERN The accompanying unaudited consolidated 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 of March 31, 2023, the Company has limited revenue and an accumulated deficit of $ 8,974,684 ($ 3,069,884 of which is from the FY 2021 loss on the asset acquisition and disposition of assets). While the Company is successfully executing its growth strategy, its cash position may not still be sufficient to support the Company’s daily operations without additional financing. While the Company believes in the viability of its strategy to produce sales volume 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 the Company’s ability to further implement its business plan and generate sufficient revenues. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. |
MACHINERY AND EQUIPMENT
MACHINERY AND EQUIPMENT | 9 Months Ended |
Mar. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
MACHINERY AND EQUIPMENT | NOTE 4 – MACHINERY AND EQUIPMENT Long lived assets, including property and equipment and certain intangible 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 and certain identifiable intangibles to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Property and Equipment and intangible assets are first recorded at cost. Depreciation and/or amortization is computed using the straight-line method over the estimated useful lives of the various classes of assets between three and five years. Leasehold improvements are being depreciated over ten years, and the building over twenty years. 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. Property and equipment stated at cost, less accumulated depreciation for continuing operations consisted of the following: Property, plant & equipment March 31, 2023 June 30, 2022 Machinery and Equipment $ 222,793 $ 150,483 Office Equipment 3,097 3,097 Vehicles 51,720 41,720 Less: accumulated depreciation (90,263 ) (39,701 ) Property and equipment, net $ 187,347 $ 155,599 Depreciation expense Depreciation expense for the nine months ended March 31, 2023 and 2022 was $ 50,561 and $ 24,208 , respectively. |
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE | 9 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES PAYABLE | NOTE 5 – CONVERTIBLE NOTES PAYABLE During the nine months ended March 31, 2023, the Company issued, paid and or converted the following new convertible promissory notes. Schedule of convertible promissory notes Note Holder Date Maturity Date Interest Rate Balance June 30, 2022 Additions Conversions Balance March 31, 2023 Fast Capital LLC (1) 10/26/2021 10/26/2022 10 % $ 30,000 $ — $ (30,000) $ — ONE44 Capital LLC (3) 1/13/2022 1/13/2023 10 % $ 160,000 $ — $ (34,300) $ 125,700 Mast Hill Fund, L.P. (4) 1/20/2022 1/20/2023 12 % $ 350,000 $ — $ (297,688) $ 52,312 Sixth Street Lending LLC (5) 2/1/2022 2/1/2023 10 % $ 80,000 $ — $ (80,000) $ — ONE44 Capital LLC (3) 3/22/2022 3/22/2023 10 % $ 120,000 $ — $ — $ 120,000 Sixth Street Lending LLC (5) 4/13/2022 4/13/2023 10 % $ 55,000 $ — $ (55,000) $ — 1800 Diagonal Lending LLC (5) 5/23/2022 5/23/2023 10 % $ 55,000 $ — $ (55,000) $ — Coventry Enterprises, LLC (2) 6/3/2022 6/3/2023 10 % $ 480,000 $ — $ — $ 480,000 1800 Diagonal Lending LLC (5) 7/26/2022 7/26/2023 10 % $ — $ 59,250 $ (10,550) $ 48,700 Mast Hill Fund, L.P. (6) 9/19/2022 9/19/2023 12 % $ — $ 290,000 $ — $ 290,000 1800 Diagonal Lending LLC (5) 11/11/2022 11/11/2023 10 % $ — $ 44,250 $ — $ 44,250 Mast Hill Fund, L.P. (7) 12/16/2022 12/16/2022 12 % $ — $ 233,000 $ (100,000) $ 133,000 Mast Hill Fund, L.P. (8) 1/13/2023 12/16/2022 12 $ — $ 347,060 $ — $ 347,060 Total $ 1,330,000 $ 973,560 $ (662,538) $ 1,641,022 Less debt discount $ (424,889) $ (139,017) Convertible notes payable, net $ 905,111 $ 1,502,005 Conversion Terms (1) 61% of the lowest trading price for 15 days, including conversion date. (2) Convertible only upon an event of default. 90% of the lowest trading price for 10 days prior to conversion date. (3) 60% of the lowest trading price for 20 days, including conversion date. (4) Convertible only upon an event of default. Conversion would then be $0.10. (5) 61% of the lowest trading price for 15 days prior to conversion date. (6) Convertible at $0.0015. (7) Convertible at $0.0007. (8) Convertible at $0.0003 Total accrued interest on the above convertible notes as of March 31, 2023, is $ 180,189 . A summary of the activity of the derivative liability for the notes above is as follows: Schedule of derivative liability Increase to derivative due to new issuances 1,648,566 Decrease to derivative due to conversion/payments (18,162 ) Derivative gain due to mark to market adjustment (967,422 ) Balance at June 30, 2022 662,982 Increase to derivative due to new issuances 180,083 Decrease to derivative due to conversions (365,960 ) Derivative gain due to mark to market adjustment 586,829 Balance at March 31, 2023 $ 1,063,934 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 March 31, 2023 is as follows: Schedule of fair value hierarchy Inputs March 31, 2023 Initial Stock price $ 0.0002 $ 0.0014 – 0.0086 Conversion price $ 0.0001 $ 0.0006 - 0.0049 Volatility (annual) 169.6 % – 275.2 % 210.52 % - 237.49 % Risk-free rate 4.85 % - 4.94 % 2.51 % - 4.59 % Dividend rate — — Years to maturity .25 – .61 1 |
NOTE PAYABLE
NOTE PAYABLE | 9 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
NOTE PAYABLE | NOTE 6 - NOTE PAYABLE On November 5, 2017, to fund its working capital requirements the Company obtained a Special Line of Credit (“LOC”) also recognized as a Blanket Secured Promissory Note for the total draw down amount of up to $ 500,000 , from Twiga Capital Partners, LLC (“TCP”), an entity controlled by the Company’s former sole officer and largest stockholder, Shefali Vibhakar. This Note is secured by all of the assets of the Company in accordance with the Security Agreement by and between the Company and the Holder dated as of November 5, 2017. The LOC bears interest at 5 % per annum and is due on demand. On January 21, 2021, TCP assigned all of its rights, title and interest in the debt to Front Row Seating Inc. On September 28, 2021, $ 100,000 of the note was converted into 10,000,000 shares of common stock. As of March 31, 2023 and June 30, 2022, the Company owed $ 22,729 and $ 22,729 of principal and $ 20,654 and $ 19,796 of accrued interest, respectively. |
COMMON STOCK
COMMON STOCK | 9 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 7 – COMMON STOCK During the first quarter, Fast Capital LLC converted $ 30,000 and $ 4,550 of principal and interest, respectively, into 11,328,868 shares of common stock. During the first quarter, One44 Capital LLC converted $ 15,000 and $ 744 of principal and interest, respectively, into 5,247,947 shares of common stock. During the first quarter, 1800 Diagonal Lending converted $ 80,000 and $ 4,626 of principal and interest, respectively, into 34,739,138 shares of common stock. During the first quarter, Mast Hill Fund, L.P converted $ 2,040 and $ 42,200 of principal and interest, respectively, into 23,400,000 shares of common stock. The Company recognized a loss on conversion of debt of $ 20,840 . During the second quarter, 1800 Diagonal Lending converted $ 110,000 and $ 5,500 of principal and interest, respectively, into 186,262,331 shares of common stock. During the second quarter, Mast Hill Fund, L.P converted $ 121,607 of principal, into 210,500,000 shares of common stock. The Company recognized a loss on conversion of debt of $ 113,263 . During the third quarter, 1800 Diagonal Lending converted $ 10,550 87,916,334 During the third quarter, Mast Hill Fund, L.P converted $ 24,041 3,937 182,700,000 32,719 During the third quarter, One44 Capital LLC converted $ 19,300 2,193 179,112,333 |
PREFERRED STOCK
PREFERRED STOCK | 9 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
PREFERRED STOCK | NOTE 8 – PREFERRED STOCK On September 7, 2022, the Company filed with the Secretary of State of the State of Wyoming, an Articles of Amendment (the “Amendment”) designating the terms, preferences and rights of the 25,000,000 shares of the Company's previously authorized Class B Preferred Stock. Each share of Class B Preferred Stock entitles the holder thereof to ten thousand votes per share on all matters to be voted on by the holders of the Company’s common stock and is convertible into shares of the Company's common stock at the same rate. With respect to rights on liquidation, dissolution or winding up, shares of Class B Preferred Stock rank on parity with the Company's common stock. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Mar. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 9 - RELATED PARTY TRANSACTIONS Mr. Forzani has advanced the Company funds for general operating expenses, the advances are non-interest bearing and due on demand. As of March 31, 2023, and June 30, 2022, the Company owes Mr. Forzani $ 19,306 and $ 19,406 , respectively. On July 25, 2022, the Company reissued the 100,000,000 shares of common stock that were previously cancelled by its Mr. Forzani. The cancellation was reported on a Form 8-K filed June 15, 2022 (the “Previous 8-K”). Mr. Forzani temporarily cancelled his shares in order for the Company to complete the financing reported on the Previous 8-K. |
STOCK OPTIONS
STOCK OPTIONS | 9 Months Ended |
Mar. 31, 2023 | |
Stock Options | |
STOCK OPTIONS | NOTE 10– STOCK OPTIONS On August 3, 2021, the Company granted 1,000,000 options to Johnny Forzani, CEO, 250,000 options to Geoff Stanbury, director, and 250,000 options to Tom Forzani, Director. The options were issued pursuant the Company’s 2021 Equity Award Plan. The options are exercisable at $ 0.05 , are immediately vested and expire in two years. A summary of the status of the Company’s outstanding stock options and changes during the period is presented below: Schedule of stock options outstanding Stock Options Options Weighted Average Aggregate Options outstanding at June 30, 2021 — $ — — Granted 1,500,000 $ 0.05 — Exercised (500,000 ) $ — — Expired — $ — — Options outstanding at June 30, 2022 1,000,000 $ 0.05 — Granted — $ — — Exercised — $ — — Expired — $ — — Options outstanding at March 31, 2023 1,000,000 $ 0.05 — Options exercisable at March 31, 2023 1,000,000 $ 0.05 $ — Schedule of range of exercise prices Range of Exercise Prices Number Outstanding Weighted Average Weighted Average $ 0.05 1,000,000 .66 years $ 0.05 |
WARRANTS
WARRANTS | 9 Months Ended |
Mar. 31, 2023 | |
Guarantees and Product Warranties [Abstract] | |
WARRANTS | NOTE 11 – WARRANTS On September 23, 2022, the Company, closed a Securities Purchase Agreement (the “Purchase Agreement”) with Mast Hill Fund, L.P., a Delaware limited partnership (“Mast Hill”), dated as of September 19, 2022, pursuant to which the Company issued Mast Hill a convertible promissory note in the principal amount of $ 290,000 (the “Note”), a five-year warrant to purchase up to 100,000,000 shares of common stock at a price of $ 0.003 per share (the “First Warrant”) and a warrant to purchase up to 100,000,000 shares of common stock at a price of $ 0.003 per share (the “Second Warrant”), which warrants are only exercisable upon an “Event of Default” as defined in the Note. Using the fair value calculation, the relative fair value between the debt issued and the warrants was calculated to determine the warrants recorded equity amount of $ 188,675 , accounted for in additional paid in capital. On December 16, 2022, the Company, closed a Securities Purchase Agreement (the “Purchase Agreement”) with Mast Hill, pursuant to which the Company issued Mast Hill a convertible promissory note in the principal amount of $ 233,000 (the “Note”), a five-year warrant to purchase up to 155,000,000 shares of common stock at a price of $ 0.0015 per share (the “First Warrant”) and a warrant to purchase up to 100,000,000 shares of common stock at a price of $ 0.003 per share (the “Second Warrant”), which warrants are only exercisable upon an “Event of Default” as defined in the Note. Using the fair value calculation, the relative fair value between the debt issued and the warrants was calculated to determine the warrants recorded equity amount of $ 108,769 , accounted for in additional paid in capital. A summary of the status of the Company’s outstanding stock options and changes during the period is presented below: Schedule of warrant outstanding Warrants Warrants Weighted Average Aggregate Warrants outstanding at June 30, 2021 — $ — — Granted 1,950,000 $ 0.44 — Exercised — $ — — Expired — $ — — Warrants outstanding at June 30, 2022 1,950,000 $ 0.44 — Granted 455,000,000 $ 0.004 — Exercised $ — — Expired $ — — Warrants outstanding at March 31, 2023 456,950,000 $ 0. 004 — Warrants exercisable at March 31, 2023 456,950,000 $ 0. 004 $ — Schedule of range of exercise prices Range of Exercise Prices Number Outstanding Weighted Average Weighted Average $ 0.0015 - 0.44 201,950,000 4.72 years $ 0.004 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Mar. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 12 - SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it has no material subsequent events to disclose in these consolidated financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at March 31, 2023 and for the related periods presented have been made. The results for the nine months ended March 31, 2023 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2022, filed with the Securities and Exchange Commission. |
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. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. |
Concentrations of Credit Risk | Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. |
Cash Equivalents | Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of March 31, 2023 and June 30, 2022. |
Principles of Consolidation | Principles of Consolidation The accompanying unaudited consolidated financial statements for three and nine months ended March 31, 2023, include the accounts of the Company and its wholly owned subsidiary, Sustainable Origins. All material inter-company transactions have been eliminated in consolidation. |
Reclassifications | Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the period ended March 31, 2023. |
Property, Plant and Equipment | Property, Plant and Equipment Property and equipment are carried at the lower of cost or net realizable value. Major betterments that extend the useful lives of assets are also capitalized. Normal maintenance and repairs are charged to expense as incurred. When assets are sold or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in operations. |
Derivative Financial Instruments | Derivative Financial Instruments The Company evaluates its convertible notes to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. |
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 (3) 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 (3) 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 amates 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 asset measured at fair value on a recurring basis into the fair value hierarchy as of March 31, 2023 and June 30, 2022: March 31, 2023 Schedule of fair value hierarchy Description Level 1 Level 2 Level 3 Derivative $ — $ — $ 1,063,934 Total $ — $ — $ 1,063,934 June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ — $ — $ 662,982 Total $ — $ — $ 662,982 |
Basic and Diluted Loss Per Share | Basic and Diluted Loss Per Share Under ASC 260 “Earnings Per Share,” the Company presents basic and diluted earnings (loss) per-share (“EPS”) amounts on the face of the statements of operations. Basic EPS computed by dividing income (loss) available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Shares issued during the period and shares reacquired during the period are weighted for the portion of the period that they were outstanding. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. Potentially diluted amounts from preferred stock are not presented when the effect of the computations are anti-dilutive due to the losses incurred. Accordingly, there is no difference in the amounts presented for basic and diluted loss per share. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has implemented all new applicable accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Schedule of fair value hierarchy | Schedule of fair value hierarchy Description Level 1 Level 2 Level 3 Derivative $ — $ — $ 1,063,934 Total $ — $ — $ 1,063,934 June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ — $ — $ 662,982 Total $ — $ — $ 662,982 |
MACHINERY AND EQUIPMENT (Tables
MACHINERY AND EQUIPMENT (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Property, plant & equipment | Property, plant & equipment March 31, 2023 June 30, 2022 Machinery and Equipment $ 222,793 $ 150,483 Office Equipment 3,097 3,097 Vehicles 51,720 41,720 Less: accumulated depreciation (90,263 ) (39,701 ) Property and equipment, net $ 187,347 $ 155,599 |
CONVERTIBLE NOTES PAYABLE (Tabl
CONVERTIBLE NOTES PAYABLE (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of convertible promissory notes | Schedule of convertible promissory notes Note Holder Date Maturity Date Interest Rate Balance June 30, 2022 Additions Conversions Balance March 31, 2023 Fast Capital LLC (1) 10/26/2021 10/26/2022 10 % $ 30,000 $ — $ (30,000) $ — ONE44 Capital LLC (3) 1/13/2022 1/13/2023 10 % $ 160,000 $ — $ (34,300) $ 125,700 Mast Hill Fund, L.P. (4) 1/20/2022 1/20/2023 12 % $ 350,000 $ — $ (297,688) $ 52,312 Sixth Street Lending LLC (5) 2/1/2022 2/1/2023 10 % $ 80,000 $ — $ (80,000) $ — ONE44 Capital LLC (3) 3/22/2022 3/22/2023 10 % $ 120,000 $ — $ — $ 120,000 Sixth Street Lending LLC (5) 4/13/2022 4/13/2023 10 % $ 55,000 $ — $ (55,000) $ — 1800 Diagonal Lending LLC (5) 5/23/2022 5/23/2023 10 % $ 55,000 $ — $ (55,000) $ — Coventry Enterprises, LLC (2) 6/3/2022 6/3/2023 10 % $ 480,000 $ — $ — $ 480,000 1800 Diagonal Lending LLC (5) 7/26/2022 7/26/2023 10 % $ — $ 59,250 $ (10,550) $ 48,700 Mast Hill Fund, L.P. (6) 9/19/2022 9/19/2023 12 % $ — $ 290,000 $ — $ 290,000 1800 Diagonal Lending LLC (5) 11/11/2022 11/11/2023 10 % $ — $ 44,250 $ — $ 44,250 Mast Hill Fund, L.P. (7) 12/16/2022 12/16/2022 12 % $ — $ 233,000 $ (100,000) $ 133,000 Mast Hill Fund, L.P. (8) 1/13/2023 12/16/2022 12 $ — $ 347,060 $ — $ 347,060 Total $ 1,330,000 $ 973,560 $ (662,538) $ 1,641,022 Less debt discount $ (424,889) $ (139,017) Convertible notes payable, net $ 905,111 $ 1,502,005 Conversion Terms (1) 61% of the lowest trading price for 15 days, including conversion date. (2) Convertible only upon an event of default. 90% of the lowest trading price for 10 days prior to conversion date. (3) 60% of the lowest trading price for 20 days, including conversion date. (4) Convertible only upon an event of default. Conversion would then be $0.10. (5) 61% of the lowest trading price for 15 days prior to conversion date. (6) Convertible at $0.0015. (7) Convertible at $0.0007. (8) Convertible at $0.0003 |
Schedule of derivative liability | Schedule of derivative liability Increase to derivative due to new issuances 1,648,566 Decrease to derivative due to conversion/payments (18,162 ) Derivative gain due to mark to market adjustment (967,422 ) Balance at June 30, 2022 662,982 Increase to derivative due to new issuances 180,083 Decrease to derivative due to conversions (365,960 ) Derivative gain due to mark to market adjustment 586,829 Balance at March 31, 2023 $ 1,063,934 |
Schedule of fair value hierarchy | Schedule of fair value hierarchy Inputs March 31, 2023 Initial Stock price $ 0.0002 $ 0.0014 – 0.0086 Conversion price $ 0.0001 $ 0.0006 - 0.0049 Volatility (annual) 169.6 % – 275.2 % 210.52 % - 237.49 % Risk-free rate 4.85 % - 4.94 % 2.51 % - 4.59 % Dividend rate — — Years to maturity .25 – .61 1 |
STOCK OPTIONS (Tables)
STOCK OPTIONS (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Stock Options | |
Schedule of stock options outstanding | Schedule of stock options outstanding Stock Options Options Weighted Average Aggregate Options outstanding at June 30, 2021 — $ — — Granted 1,500,000 $ 0.05 — Exercised (500,000 ) $ — — Expired — $ — — Options outstanding at June 30, 2022 1,000,000 $ 0.05 — Granted — $ — — Exercised — $ — — Expired — $ — — Options outstanding at March 31, 2023 1,000,000 $ 0.05 — Options exercisable at March 31, 2023 1,000,000 $ 0.05 $ — |
Schedule of range of exercise prices | Schedule of range of exercise prices Range of Exercise Prices Number Outstanding Weighted Average Weighted Average $ 0.05 1,000,000 .66 years $ 0.05 |
WARRANTS (Tables)
WARRANTS (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Guarantees and Product Warranties [Abstract] | |
Schedule of warrant outstanding | Schedule of warrant outstanding Warrants Warrants Weighted Average Aggregate Warrants outstanding at June 30, 2021 — $ — — Granted 1,950,000 $ 0.44 — Exercised — $ — — Expired — $ — — Warrants outstanding at June 30, 2022 1,950,000 $ 0.44 — Granted 455,000,000 $ 0.004 — Exercised $ — — Expired $ — — Warrants outstanding at March 31, 2023 456,950,000 $ 0. 004 — Warrants exercisable at March 31, 2023 456,950,000 $ 0. 004 $ — |
Schedule of range of exercise prices | Schedule of range of exercise prices Range of Exercise Prices Number Outstanding Weighted Average Weighted Average $ 0.0015 - 0.44 201,950,000 4.72 years $ 0.004 |
NATURE OF OPERATIONS (Details N
NATURE OF OPERATIONS (Details Narrative) - USD ($) | 1 Months Ended | |||
Mar. 01, 2022 | Jan. 21, 2021 | Mar. 31, 2023 | Jun. 30, 2022 | |
Common Stock, Par or Stated Value Per Share | $ 0.001 | |||
Common Stock, Value, Issued | $ 1,229,888 | $ 220,009 | ||
Oil Industries Inc [Member] | ||||
Common Stock, Par or Stated Value Per Share | $ 0.038 | |||
Common Stock, Value, Issued | $ 22,800 | |||
Share Exchange Agrrement [Member] | ||||
Stock Issued During Period, Shares, New Issues | 600,000 | |||
Stock Issued During Period, Value, New Issues | $ 17,000 | |||
Shefali Vibhakar [Member] | Share Purchase Agreement [Member] | ||||
Sale of Stock, Consideration Received Per Transaction | $ 177,000 | |||
Shefali Vibhakar [Member] | Common Stock [Member] | Share Purchase Agreement [Member] | ||||
Sale of Stock, Number of Shares Issued in Transaction | 170,000,000 | |||
Shefali Vibhakar [Member] | Preferred Stock [Member] | Share Purchase Agreement [Member] | ||||
Sale of Stock, Number of Shares Issued in Transaction | 10,000,000 | |||
Ms Vibhakar [Member] | Seperate Purchase Agreement [Member] | ||||
Machinery and Equipment, Gross | $ 40,000 | |||
Forzani [Member] | Acquisition Agreement [Member] | ||||
Common Stock, Voting Rights | 93.9% |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | Mar. 31, 2023 | Jun. 30, 2022 |
Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items] | ||
Total derivative | ||
Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items] | ||
Total derivative | ||
Fair Value, Inputs, Level 3 [Member] | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items] | ||
Total derivative | 1,063,934 | 662,982 |
Derivative [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items] | ||
Total derivative | ||
Derivative [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items] | ||
Total derivative | ||
Derivative [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items] | ||
Total derivative | $ 1,063,934 | $ 662,982 |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | Jun. 30, 2022 USD ($) |
Accounting Policies [Abstract] | |
Cash and Cash Equivalents, at Carrying Value | $ 0 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 9 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2023 | Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Retained Earnings (Accumulated Deficit) | $ 8,974,684 | $ 6,195,238 | |
Gain (Loss) on Disposition of Assets | $ 3,069,884 |
MACHINERY AND EQUIPMENT (Detail
MACHINERY AND EQUIPMENT (Details) - USD ($) | Mar. 31, 2023 | Jun. 30, 2022 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment, net | $ 187,347 | $ 155,599 |
Less: accumulated depreciation | (90,263) | (39,701) |
Machinery and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, net | 222,793 | 150,483 |
Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, net | 3,097 | 3,097 |
Vehicles [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, net | $ 51,720 | $ 41,720 |
MACHINERY AND EQUIPMENT (Deta_2
MACHINERY AND EQUIPMENT (Details Narrative) - USD ($) | 9 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation | $ 50,561 | $ 24,208 |
CONVERTIBLE NOTES PAYABLE (Deta
CONVERTIBLE NOTES PAYABLE (Details) | 9 Months Ended | |
Mar. 31, 2023 USD ($) | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible notes payable | $ 1,330,000 | |
Additions | 973,560 | |
Conversions Payments | (662,538) | |
Convertible notes payable | 1,641,022 | |
Convertible debt discount | (424,889) | |
Convertible debt discount | (139,017) | |
Convertible notes payable | 905,111 | |
Convertible notes payable | $ 1,502,005 | |
Fast Capital L L C [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Oct. 26, 2021 | [1] |
Debt Instrument, Maturity Date | Oct. 26, 2022 | [1] |
Debt Instrument, Interest Rate During Period | 10% | [1] |
Convertible notes payable | $ 30,000 | [1] |
Additions | [1] | |
Conversions Payments | (30,000) | [1] |
Convertible notes payable | [1] | |
O N E 44 Capital L L C [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Jan. 13, 2022 | [2] |
Debt Instrument, Maturity Date | Jan. 13, 2023 | [2] |
Debt Instrument, Interest Rate During Period | 10% | [2] |
Convertible notes payable | $ 160,000 | [2] |
Additions | [2] | |
Conversions Payments | (34,300) | [2] |
Convertible notes payable | $ 125,700 | [2] |
Mast Hill Fund L. P [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Jan. 20, 2022 | [3] |
Debt Instrument, Maturity Date | Jan. 20, 2023 | [3] |
Debt Instrument, Interest Rate During Period | 12% | [3] |
Convertible notes payable | $ 350,000 | [3] |
Additions | [3] | |
Conversions Payments | (297,688) | [3] |
Convertible notes payable | $ 52,312 | [3] |
Sixth Street Lending L L C [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Feb. 01, 2022 | [4] |
Debt Instrument, Maturity Date | Feb. 01, 2023 | [4] |
Debt Instrument, Interest Rate During Period | 10% | [4] |
Convertible notes payable | $ 80,000 | [4] |
Additions | [4] | |
Conversions Payments | (80,000) | [4] |
Convertible notes payable | [4] | |
O N E 44 Capital L L C 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Mar. 22, 2022 | [2] |
Debt Instrument, Maturity Date | Mar. 22, 2023 | [2] |
Debt Instrument, Interest Rate During Period | 10% | [2] |
Convertible notes payable | $ 120,000 | [2] |
Additions | [2] | |
Conversions Payments | [2] | |
Convertible notes payable | $ 120,000 | [2] |
Sixth Street Lending L L C 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Apr. 13, 2022 | [4] |
Debt Instrument, Maturity Date | Apr. 13, 2023 | [4] |
Debt Instrument, Interest Rate During Period | 10% | [4] |
Convertible notes payable | $ 55,000 | [4] |
Additions | [4] | |
Conversions Payments | (55,000) | [4] |
Convertible notes payable | [4] | |
N 1800 Diagonal Lending L L C [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | May 23, 2022 | [4] |
Debt Instrument, Maturity Date | May 23, 2023 | [4] |
Debt Instrument, Interest Rate During Period | 10% | [4] |
Convertible notes payable | $ 55,000 | [4] |
Additions | [4] | |
Conversions Payments | (55,000) | [4] |
Convertible notes payable | [4] | |
Coventry Enterprises L L C [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Jun. 03, 2022 | [5] |
Debt Instrument, Maturity Date | Jun. 03, 2023 | [5] |
Debt Instrument, Interest Rate During Period | 10% | [5] |
Convertible notes payable | $ 480,000 | [5] |
Additions | [5] | |
Conversions Payments | [5] | |
Convertible notes payable | $ 480,000 | [5] |
N 1800 Diagonal Lending L L C 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Jul. 26, 2022 | [4] |
Debt Instrument, Maturity Date | Jul. 26, 2023 | [4] |
Debt Instrument, Interest Rate During Period | 10% | [4] |
Convertible notes payable | [4] | |
Additions | 59,250 | [4] |
Conversions Payments | (10,550) | [4] |
Convertible notes payable | $ 48,700 | [4] |
Mast Hill Fund L. P 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Sep. 19, 2022 | [6] |
Debt Instrument, Maturity Date | Sep. 19, 2023 | [6] |
Debt Instrument, Interest Rate During Period | 12% | [6] |
Convertible notes payable | [6] | |
Additions | 290,000 | [6] |
Conversions Payments | [6] | |
Convertible notes payable | $ 290,000 | [6] |
N 1800 Diagonal Lending L L C 2 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Nov. 11, 2022 | [4] |
Debt Instrument, Maturity Date | Nov. 11, 2023 | [4] |
Debt Instrument, Interest Rate During Period | 10% | [4] |
Convertible notes payable | [4] | |
Additions | 44,250 | [4] |
Conversions Payments | [4] | |
Convertible notes payable | $ 44,250 | [4] |
Mast Hill Fund L. P 2 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Dec. 16, 2022 | [7] |
Debt Instrument, Maturity Date | Dec. 16, 2022 | [7] |
Debt Instrument, Interest Rate During Period | 12% | [7] |
Convertible notes payable | [7] | |
Additions | 233,000 | [7] |
Conversions Payments | (100,000) | [7] |
Convertible notes payable | $ 133,000 | [7] |
Mast Hill Fund L. P 3 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Convertible issuance of date | Jan. 13, 2023 | [7] |
Debt Instrument, Maturity Date | Dec. 16, 2022 | [7] |
Debt Instrument, Interest Rate During Period | 12% | [7] |
Convertible notes payable | [7] | |
Additions | 347,060 | [7] |
Conversions Payments | [7] | |
Convertible notes payable | $ 347,060 | [7] |
[1]61% of the lowest trading price for 15 days, including conversion date.[2] 60% of the lowest trading price for 20 days, including conversion date. Convertible only upon an event of default. Conversion would then be $0.10. 61% of the lowest trading price for 15 days prior to conversion date. Convertible only upon an event of default. 90% of the lowest trading price for 10 days prior to conversion date. Convertible at $0.0015. Convertible at $0.0007. |
CONVERTIBLE NOTES PAYABLE (De_2
CONVERTIBLE NOTES PAYABLE (Details 1) - USD ($) | 9 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Jun. 30, 2022 | |
Debt Disclosure [Abstract] | ||
Increase to derivative due to new issuances | $ 180,083 | $ 1,648,566 |
Decrease to derivative due to conversions | (365,960) | |
Decrease to derivative due to conversion payments | (18,162) | |
Derivative gain due to mark to market adjustment | 586,829 | (967,422) |
Derivative liability | 662,982 | |
Derivative liability | $ 1,063,934 | $ 662,982 |
CONVERTIBLE NOTES PAYABLE (De_3
CONVERTIBLE NOTES PAYABLE (Details 2) | 9 Months Ended |
Mar. 31, 2023 $ / shares | |
Debt Instrument [Line Items] | |
Stock price | $ 0.0002 |
Debt Instrument, Convertible, Conversion Price | $ 0.0001 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum | 169.60% |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum | 275.20% |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum | 4.85% |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum | 4.94% |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate | |
Minimum [Member] | |
Debt Instrument [Line Items] | |
Debt Instrument, Term | 3 months |
Maximum [Member] | |
Debt Instrument [Line Items] | |
Debt Instrument, Term | 7 months 9 days |
Initial Valuation [Member] | |
Debt Instrument [Line Items] | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum | 210.52% |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum | 237.49% |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum | 2.51% |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum | 4.59% |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate | |
Debt Instrument, Term | 1 year |
Initial Valuation [Member] | Minimum [Member] | |
Debt Instrument [Line Items] | |
Stock price | $ 0.0014 |
Debt Instrument, Convertible, Conversion Price | 0.0006 |
Initial Valuation [Member] | Maximum [Member] | |
Debt Instrument [Line Items] | |
Stock price | 0.0086 |
Debt Instrument, Convertible, Conversion Price | $ 0.0049 |
CONVERTIBLE NOTES PAYABLE (De_4
CONVERTIBLE NOTES PAYABLE (Details Narrative) | Mar. 31, 2023 USD ($) |
Debt Disclosure [Abstract] | |
Accrued Liabilities, Current | $ 180,189 |
NOTE PAYABLE (Details Narrative
NOTE PAYABLE (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | |||||||
Nov. 05, 2017 | Sep. 28, 2021 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2022 | |
Line of Credit Facility [Line Items] | |||||||||
Debt Conversion, Converted Instrument, Amount | $ 100,000 | $ 177,301 | $ 485,098 | $ 355,052 | $ 104,475 | $ 130,000 | |||
Debt Conversion, Converted Instrument, Shares Issued | 10,000,000 | ||||||||
Loans Payable, Current | 22,729 | $ 22,729 | |||||||
Interest Payable, Current | 200,842 | 129,564 | |||||||
Line of Credit [Member] | Twiga Capital Partners | |||||||||
Line of Credit Facility [Line Items] | |||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 500,000 | ||||||||
Debt Instrument, Interest Rate During Period | 5% | ||||||||
Loans Payable, Current | 22,729 | 22,729 | |||||||
Interest Payable, Current | $ 20,654 | $ 19,796 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Interest Expense | $ 54,639 | $ 72,715 | $ 135,028 | $ 90,007 | ||
[custom:LossOnConversionOfDebt] | 32,719 | $ 20,840 | $ 209,000 | |||
Fast Capital L L C [Member] | ||||||
Stock Issued During Period, Value, Conversion of Convertible Securities | 30,000 | |||||
Interest Expense | $ 4,550 | |||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 11,328,868 | |||||
O N E 44 Capital L L C [Member] | ||||||
Stock Issued During Period, Value, Conversion of Convertible Securities | 19,300 | $ 15,000 | ||||
Interest Expense | $ 2,193 | $ 744 | ||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 179,112,333 | 5,247,947 | ||||
N 1800 Diagonal Lending L L C [Member] | ||||||
Stock Issued During Period, Value, Conversion of Convertible Securities | $ 10,550 | $ 110,000 | $ 80,000 | |||
Interest Expense | $ 5,500 | $ 4,626 | ||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 87,916,334 | 186,262,331 | 34,739,138 | |||
Mast Hill Fund L. P [Member] | ||||||
Stock Issued During Period, Value, Conversion of Convertible Securities | $ 24,041 | $ 121,607 | $ 2,040 | |||
Interest Expense | $ 3,937 | $ 42,200 | ||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 182,700,000 | 210,500,000 | 23,400,000 | |||
[custom:LossOnConversionOfDebt] | $ 113,263 |
PREFERRED STOCK (Details Narrat
PREFERRED STOCK (Details Narrative) - shares | Sep. 07, 2022 | Jun. 30, 2022 |
Series B Preferred Stock [Member] | ||
Class of Stock [Line Items] | ||
Preferred Stock, Shares Authorized | 25,000,000 | 25,000,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | |
Jul. 25, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
Related Party Transaction [Line Items] | ||||
Proceeds from Related Party Debt | $ 27,088 | |||
Forzani [Member] | ||||
Related Party Transaction [Line Items] | ||||
Proceeds from Related Party Debt | $ 19,306 | $ 19,406 | ||
Forzani [Member] | Acquisition Agreement [Member] | ||||
Related Party Transaction [Line Items] | ||||
Stock Issued During Period, Shares, Treasury Stock Reissued | 100,000,000 |
STOCK OPTIONS (Details)
STOCK OPTIONS (Details) - $ / shares | 1 Months Ended | 9 Months Ended | 12 Months Ended |
Aug. 03, 2021 | Mar. 31, 2023 | Jun. 30, 2022 | |
Stock Options | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Beginning Balance | 1,000,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ 0.05 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | 1,500,000 | ||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ 0.05 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Exercised | (500,000) | ||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period | |||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Exercised | 500,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance | 1,000,000 | 1,000,000 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ 0.05 | $ 0.05 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number | 1,000,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 0.05 | $ 0.05 |
STOCK OPTIONS (Details 1)
STOCK OPTIONS (Details 1) - $ / shares | 9 Months Ended | ||
Mar. 31, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Outstanding options | 1,000,000 | 1,000,000 | |
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term | 4 years 8 months 19 days | ||
Weighted average exercise price | $ 0.05 | $ 0.05 | |
Equity Option [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding | 0.05 | ||
Outstanding options | 1,000,000 | ||
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term | 7 months 28 days | ||
Weighted average exercise price | $ 0.05 |
STOCK OPTIONS (Details Narrativ
STOCK OPTIONS (Details Narrative) - $ / shares | 1 Months Ended | 9 Months Ended | 12 Months Ended |
Aug. 03, 2021 | Mar. 31, 2023 | Jun. 30, 2022 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | 1,500,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 0.05 | $ 0.05 | |
Johnny Forzani [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | 1,000,000 | ||
Geoff Stanbury [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | 250,000 | ||
Tom Forzani [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | 250,000 |
WARRANTS (Details)
WARRANTS (Details) - USD ($) | 9 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Jun. 30, 2022 | Aug. 03, 2021 | |
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ 0.05 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Exercised | 500,000 | ||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | |||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price | |||
Class of Warrant or Right, Outstanding | 201,950,000 | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.004 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number | 1,000,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 0.05 | $ 0.05 | |
Warrant [Member] | |||
Class of Warrant or Right, Outstanding | 1,950,000 | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.44 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted | 455,000,000 | 1,950,000 | |
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ 0.004 | $ 0.44 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Exercised | |||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Forfeitures and Expirations | |||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price | |||
Class of Warrant or Right, Outstanding | 456,950,000 | 1,950,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0 | $ 0.44 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number | 456,950,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 0 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding |
WARRANTS (Details 1)
WARRANTS (Details 1) | 9 Months Ended |
Mar. 31, 2023 $ / shares shares | |
Guarantees and Product Warranties [Abstract] | |
Share-Based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit | $ 0.0015 |
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit | $ 0.44 |
Number of shares outstanding | shares | 201,950,000 |
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term | 4 years 8 months 19 days |
Weighted average exercise price outstanding | $ 0.004 |
WARRANTS (Details Narrative)
WARRANTS (Details Narrative) - USD ($) | 1 Months Ended | |
Dec. 16, 2022 | Sep. 23, 2022 | |
Adjustments to Additional Paid in Capital, Warrant Issued | $ 108,769 | $ 188,675 |
Mast Hill Fund L P [Member] | ||
Debt Instrument, Face Amount | $ 233,000 | $ 290,000 |
Mast Hill Fund L P [Member] | First Warrant [Member] | ||
Debt Conversion, Converted Instrument, Warrants or Options Issued | 155,000,000 | 100,000,000 |
Shares Issued, Price Per Share | $ 0.0015 | $ 0.003 |
Mast Hill Fund L P [Member] | Second Warrant [Member] | ||
Debt Conversion, Converted Instrument, Warrants or Options Issued | 100,000,000 | 100,000,000 |
Shares Issued, Price Per Share | $ 0.003 | $ 0.003 |