Cover
Cover - shares | 6 Months Ended | |
Dec. 31, 2023 | Apr. 25, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Dec. 31, 2023 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2024 | |
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 | 702 | |
Local Phone Number | 205-2064 | |
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 | 2,521,830,499 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 |
Current assets: | ||
Cash | $ 1,214 | |
Total current assets | 1,214 | |
Machinery and equipment, net | 72,186 | 91,404 |
Deposit | ||
Total long term assets | 72,186 | 91,404 |
Total Assets | 73,400 | 91,404 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 110,374 | 110,792 |
Accrued interest | 358,681 | 284,092 |
Convertible notes payable, net of discount of $26,452 and $256,653, respectively | 2,027,715 | 1,787,069 |
Derivative liability | 1,792,058 | 2,475,446 |
Loan payable | 22,729 | 22,729 |
Due to related party | 19,306 | 19,306 |
Total current liabilities | 4,330,863 | 4,699,434 |
Total liabilities | 4,330,863 | 4,699,434 |
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, 100,000,000,000 shares authorized; 1,890,550,715 and 1,421,744,158 shares issued and outstanding, respectively | 1,890,551 | 1,421,744 |
Common stock to be issued | 26,531 | 26,531 |
Additional paid-in capital | 4,535,744 | 4,884,639 |
Accumulated deficit | (10,720,289) | (10,950,944) |
Total stockholders' deficit | (4,257,463) | (4,608,030) |
Total Liabilities and Stockholders' Deficit | $ 73,400 | $ 91,404 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 |
Debt Instrument, Unamortized Discount, Current | $ 26,452 | $ 256,653 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | |
Common Stock, Shares Authorized | 100,000,000,000 | |
Common Stock, Shares, Issued | 1,890,550,715 | |
Common Stock, Shares, Outstanding | 1,421,744,158 | |
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 Issued | 10,000,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Income Statement [Abstract] | ||||
Revenue | $ 7,756 | $ 31,615 | $ 39,989 | $ 60,598 |
Cost of revenue | 14 | 20,760 | 1,442 | 26,200 |
Gross margin | 7,742 | 10,855 | 38,547 | 34,398 |
Operating Expenses: | ||||
General & administrative expenses | 13,558 | 80,254 | 29,067 | 143,584 |
Advertising and marketing | 0 | 12,415 | 0 | 29,517 |
Compensation expense | 6,860 | 165,208 | 15,180 | 350,004 |
Professional fees | 4,659 | 76,198 | 13,159 | 159,140 |
Stock based compensation | 0 | 108,769 | 0 | 297,444 |
Total operating expenses | 25,077 | 442,844 | 57,406 | 979,689 |
Loss from operations | (17,335) | (431,989) | (18,859) | (945,291) |
Other income (expense): | ||||
Interest expense | (65,853) | (21,244) | (126,812) | (80,389) |
Loss on issuance of convertible debt | (6,137) | (46,750) | (6,137) | (85,083) |
Loss on conversion of debt | (10,800) | (155,441) | (44,106) | (176,281) |
Change in fair value of derivatives | 1,080,596 | 5,161 | 676,231 | (578) |
Gain on conversion of debt | 4,507 | |||
Loss on disposal of assets | (13,968) | (13,968) | ||
Debt discount amortization | (87,747) | (199,679) | (240,201) | (400,323) |
Early payment penalty | (12,150) | (12,150) | ||
Total other income (expense) | 896,091 | (430,103) | 249,514 | (754,804) |
Income (loss) before income taxes | 878,756 | (862,092) | 230,655 | (1,700,095) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net Income (Loss) | $ 878,756 | $ (862,092) | $ 230,655 | $ (1,700,095) |
Net income (loss) per common share, basic & diluted | $ 0 | $ 0 | $ 0 | $ (0.01) |
Weighted common shares outstanding, basic | 1,812,295,162 | 533,855,996 | 1,651,851,927 | 425,035,657 |
Weighted common shares outstanding, diluted | 10,424,245,162 | 533,855,996 | 10,263,801,927 | 425,035,657 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Deficit (Unaudited) - 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, 2022 | $ 220,009 | $ 10,000 | $ 4,611,790 | $ 26,231 | $ (6,195,238) | $ (1,327,208) |
Shares issued for conversion of debt | 74,715 | 280,337 | 355,052 | |||
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) | ||||
Debt Conversion, Converted Instrument, Shares Issued | 74,714,953 | |||||
Net loss | (838,003) | (838,003) | ||||
Shares issued for conversion of debt | 385,435 | 99,663 | 485,098 | |||
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 | ||||
Debt Conversion, Converted Instrument, Shares Issued | 385,434,463 | |||||
Net loss | (862,092) | (862,092) | ||||
Beginning balance, value at Jun. 30, 2023 | 1,421,744 | 10,000 | 4,884,639 | 26,531 | (10,950,944) | (4,608,030) |
Shares issued for conversion of debt | 378,807 | (285,895) | 92,912 | |||
Ending balance, value at Sep. 30, 2023 | $ 1,800,551 | 10,000 | 4,598,744 | 26,531 | (11,599,045) | (5,163,219) |
Debt Conversion, Converted Instrument, Shares Issued | 378,806,557 | |||||
Net loss | (648,101) | (648,101) | ||||
Shares issued for conversion of debt | 90,000 | (63,000) | 27,000 | |||
Ending balance, value at Dec. 31, 2023 | $ 1,890,551 | 10,000 | 4,535,744 | 26,531 | (10,720,289) | (4,257,463) |
Debt Conversion, Converted Instrument, Shares Issued | 90,000,000 | |||||
Net loss | $ 878,756 | $ 878,756 |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Deficit (Unaudited) (Parenthetical) - shares | 3 Months Ended | |||||
Sep. 30, 2022 | Dec. 31, 2023 | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | |
Preferred Stock, Shares Outstanding | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
Common Stock [Member] | ||||||
[custom:SharesIssuedRelatedParty] | 100,000,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Cash flows from operating activities: | ||
Net Income (Loss) | $ 230,655 | $ (1,700,095) |
Adjustments to reconcile net income (loss) to net cash used by operating activities: | ||
Depreciation and amortization | 5,250 | 32,322 |
Debt discount amortization | 240,201 | 400,323 |
Loss on issuance of convertible debt | 0 | 85,083 |
Change in fair value of derivatives | (676,231) | 578 |
Loss on conversion of debt | 44,106 | 176,281 |
Gain on conversion of debt | (4,507) | |
Changes in operating assets and liabilities: | ||
Prepaids | 0 | 5,130 |
Accounts payable and accrued liabilities | (418) | 67,573 |
Accrued interest | 126,813 | 75,839 |
Net cash used by operating activities | (14,026) | (559,522) |
Cash flows from investing activities: | ||
Purchase of property and equipment | (82,305) | |
Loans receivable | (18,750) | |
Net cash used by investing activities | (101,055) | |
Cash flows from financing activities: | ||
Repayment of related party loans | 0 | (100) |
Proceeds from convertible debt | 15,240 | 446,280 |
Repayment of convertible debt | (30,000) | |
Net cash provided by financing activities | 15,240 | 416,180 |
Net change in cash | 1,214 | (244,397) |
Cash, beginning of period | 0 | 295,914 |
Cash, end of period | 1,214 | 51,517 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 0 | 0 |
Cash paid for taxes | 0 | 0 |
Supplemental non-cash disclosure: | ||
Common stock issued for conversion of principal and interest | $ 57,019 | $ 381,717 |
NATURE OF OPERATIONS
NATURE OF OPERATIONS | 6 Months Ended |
Dec. 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 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 December 31, 2023, the shares have not yet been issued to Sustainable. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Dec. 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 December 31 six December 31 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 December 31, 2023 and June Principles of Consolidation The accompanying consolidated financial statements for the three and six December 31 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 December 31 June : Schedule of fair value hierarchy December 31, 2023 Description Level 1 Level 2 Level 3 Derivative $ — $ — $ 1,792,058 Total $ — $ — $ 1,792,058 June 30, 2023 Derivative $ — $ — $ 2,475,446 Total $ — $ — $ 2,475,446 Revenue Recognition The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps: • Identification of a contract with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when or as the performance obligations are satisfied. Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Shipping and handling activities associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment activity and recognized as revenue at the point in time at which control of the goods transfers to the customer. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less. Basic and Diluted Loss Per Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. As of December 31, 2023, there are warrants to purchase up to 951,950,000 shares of common stock, options to purchase up to 1,000,000 shares of common stock and approximately 7,659,000,000 (7.659 Bil) dilutive shares of common stock from convertible notes payable. As of December 31, 2022, there are warrants to purchase up to 456,950,000 shares of common stock, options to purchase up to 1,000,000 shares of common stock and approximately 1,549,000,000 dilutive shares of common stock from convertible notes payable. As of December 31, 2022, the Company’s diluted loss per share is the same as the basic loss per share, as the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. 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 | 6 Months Ended |
Dec. 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 December 31, 2023, the Company has limited revenue and an accumulated deficit of $ 10,720,289 . 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. |
LOANS RECEIVABLE
LOANS RECEIVABLE | 6 Months Ended |
Dec. 31, 2023 | |
Loans Receivable | |
LOANS RECEIVABLE | NOTE 4 – LOANS RECEIVABLE On October 4, 2022, the Company entered into a Secured Loan Agreement with Team Moving Forward Recovery Group LLC (“Team”), whereby the Company loaned $ 15,000 3 On January 23, 2023, the Company entered into a Secured Loan Agreement with Denver Dumpster LLC (“Denver”), whereby the Company had loaned $ 31,250 3 |
MACHINERY AND EQUIPMENT
MACHINERY AND EQUIPMENT | 6 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
MACHINERY AND EQUIPMENT | NOTE 5 – MACHINERY AND EQUIPMENT Long lived assets, including property and equipment 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 are first recorded at cost. Depreciation 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. During the six months ended December 31, 2023, the Company wrote of certain property and equipment no longer in use, resulting in a loss on disposal of $ 13,968 Property and equipment stated at cost, less accumulated depreciation consisted of the following: Property, Plant & Equipment December 31, 2023 June 30, 2023 Machinery and Equipment $ 66,838 $ 88,387 Office Equipment 3,097 3,097 Vehicles 38,122 38,122 Less: accumulated depreciation (35,871 ) (38,202 ) Property and equipment, net $ 72,186 $ 91,404 Depreciation expense Depreciation expense for the six months ended December 31, 2023 and 2022 was $ 5,250 and $ 32,322 , respectively. |
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE | 6 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES PAYABLE | NOTE 6 – CONVERTIBLE NOTES PAYABLE During the period ended December 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 Additions Conversions Balance ONE44 Capital LLC (2) 1/13/2022 1/13/2023 10 % $ 122,400 $ — $ — $ 122,400 Mast Hill Fund, L.P. (3) 1/20/2022 1/20/2023 12 % $ 302,312 $ — $ — $ 302,312 ONE44 Capital LLC (2) 3/22/2022 3/22/2023 10 % $ 120,000 $ — $ — $ 120,000 Coventry Enterprises, LLC (1) 6/3/2022 6/3/2023 10 % $ 576,000 $ — $ — $ 576,000 1800 Diagonal Lending LLC (4) 7/26/2022 7/26/2023 10 % $ 48,700 $ — $ (4,795 ) $ 43,905 Mast Hill Fund, L.P. (5) 9/19/2022 9/19/2023 12 % $ 290,000 $ — $ — $ 290,000 1800 Diagonal Lending LLC (4) 11/11/2022 11/11/2023 10 % $ 44,250 $ — $ — $ 44,250 Mast Hill Fund, L.P. (6) 12/16/2022 12/16/2022 12 % $ 133,000 $ 5,240 $ — $ 138,240 Mast Hill Fund, L.P. (7) 1/13/2023 12/16/2022 12 % $ 347,060 $ — $ — $ 347,060 Coventry Enterprises, LLC (8) 5/12/2023 5/12/2024 10 % $ 60,000 $ — $ — $ 60,000 1800 Diagonal Lending LLC (9) 11/16/2023 11/1/2024 10 % $ — $ 10,000 $ — $ 10,000 Total $ 2,043,722 $ 15,240 $ (4,795 ) $ 2,054,167 Less debt discount $ (256,653 ) $ (26,452 ) Convertible notes payable, net $ 1,787,069 — $ 2,027,715 Conversion Terms (1) Convertible only upon an event of default. 90% of the lowest trading price for 10 days prior to conversion date. (2) 60% of the lowest trading price for 20 days, including conversion date. (3) Convertible only upon an event of default. Conversion would then be $0.10. (4) 61% of the lowest trading price for 15 days prior to conversion date. (5) Convertible at $0.0015 (6) Convertible at $0.0007 (7) Convertible at $0.0003 (8) Monthly payments of $9,428.57. Convertible only upon an event of default. Conversion would then be 90% of the lowest trade during the 30 days prior to conversion. (9) 61% of the lowest trading price for 10 days prior to conversion date. Total accrued interest on the above convertible notes as of December 31, 2023 and June 30, 2023, is $ 337,170 263,154 A summary of the activity of the derivative liability for the notes above is as follows: Schedule of derivative liability Balance at June 30, 2022 662,982 Increase to derivative due to new issuances 806,026 Decrease to derivative due to conversions (376,682 ) Derivative loss due to mark to market adjustment 1,383,120 Balance at June 30, 2023 $ 2,475,446 Increase to derivative due to new issuances 16,137 Decrease to derivative due to conversions (23,294 ) Derivative loss due to mark to market adjustment (676,231 ) Balance at December 31, 2023 $ 1,792,058 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 December 31, 2023, is as follows: Schedule of fair value hierarchy Inputs December 31, 2023 Initial Stock price $ 0.0003 $ 0.0014 – 0.0086 Conversion price $ 0.0001 0.00018 $ 0.0006 - 0.0049 Volatility (annual) 451.57 % – 200.10 % 210.52 % - 237.49 % Risk-free rate 4.79 5.54 % 2.51 % - 4.59 % Dividend rate — — Years to maturity .25 – .88 1 |
NOTE PAYABLE
NOTE PAYABLE | 6 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
NOTE PAYABLE | NOTE 7 - 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 5 100,000 10,000,000 22,729 and $ 22,729 of principal and $ 21,512 and $ 20,940 of accrued interest, respectively. |
COMMON STOCK
COMMON STOCK | 6 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 8 – COMMON STOCK During Q1 FY 2024, Mast Hill converted $ 36,024 300,200,000 During Q1 FY 2024, 1800 Diagonal converted $ 4,795 78,600,000 During Q2 FY 2024, Coventry converted $ 16,200 90,000,000 |
PREFERRED STOCK
PREFERRED STOCK | 6 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
PREFERRED STOCK | NOTE 9 – 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 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 10 - 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 and 19,306 $ 19,306 , respectively. |
STOCK OPTIONS
STOCK OPTIONS | 6 Months Ended |
Dec. 31, 2023 | |
Stock Options | |
STOCK OPTIONS | NOTE 11– 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, 2023 1,000,000 $ 0.05 — Granted — — — Exercised (1,000,000 ) $ — — Expired — $ — — Options outstanding at December 31, 2023 — $ — — Options exercisable at December 31, 2023 — $ — $ — |
WARRANTS
WARRANTS | 6 Months Ended |
Dec. 31, 2023 | |
Guarantees and Product Warranties [Abstract] | |
WARRANTS | NOTE 12 – 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”). The second warrant is 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 ”). The second warrant is 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 On January 13, 2023, 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 $ 347,000 347,000,000 0.001 148,000,000 0.003 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 $ 126,066 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, 2022 1,950,000 $ 0.44 — Granted 950,000,000 $ 0.002 — Exercised — $ — — Expired — $ — — Warrants outstanding at June 30, 2023 951,950,000 $ 0.004 — Granted — $ — — Exercised — $ — — Expired — $ — — Warrants outstanding at December 31, 2023 951,950,000 $ 0.003 — Warrants exercisable at December 31, 2023 951,950,000 $ 0.003 $ — Schedule of range of exercise prices Range of Exercise Prices Number Outstanding Weighted Average Weighted Average $ 0.0015 - 0.50 951,950,000 3.95 years $ 0.003 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Dec. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 13 - SUBSEQUENT EVENTS In accordance with 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 unaudited consolidated financial statements other than the following. Subsequent to December 31, 2023, Mast Hill loaned the Company $ 5,760 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Dec. 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 December 31 six December 31 |
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 December 31, 2023 and June |
Principles of Consolidation | Principles of Consolidation The accompanying consolidated financial statements for the three and six December 31 |
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. |
Revenue Recognition | 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 December 31 June : Schedule of fair value hierarchy December 31, 2023 Description Level 1 Level 2 Level 3 Derivative $ — $ — $ 1,792,058 Total $ — $ — $ 1,792,058 June 30, 2023 Derivative $ — $ — $ 2,475,446 Total $ — $ — $ 2,475,446 Revenue Recognition The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps: • Identification of a contract with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when or as the performance obligations are satisfied. Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Shipping and handling activities associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment activity and recognized as revenue at the point in time at which control of the goods transfers to the customer. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less. |
Basic and Diluted Loss Per Share | Basic and Diluted Loss Per Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. As of December 31, 2023, there are warrants to purchase up to 951,950,000 shares of common stock, options to purchase up to 1,000,000 shares of common stock and approximately 7,659,000,000 (7.659 Bil) dilutive shares of common stock from convertible notes payable. As of December 31, 2022, there are warrants to purchase up to 456,950,000 shares of common stock, options to purchase up to 1,000,000 shares of common stock and approximately 1,549,000,000 dilutive shares of common stock from convertible notes payable. As of December 31, 2022, the Company’s diluted loss per share is the same as the basic loss per share, as the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. |
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) | 6 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Schedule of fair value hierarchy | Schedule of fair value hierarchy December 31, 2023 Description Level 1 Level 2 Level 3 Derivative $ — $ — $ 1,792,058 Total $ — $ — $ 1,792,058 June 30, 2023 Derivative $ — $ — $ 2,475,446 Total $ — $ — $ 2,475,446 |
MACHINERY AND EQUIPMENT (Tables
MACHINERY AND EQUIPMENT (Tables) | 6 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant & Equipment | Property, Plant & Equipment December 31, 2023 June 30, 2023 Machinery and Equipment $ 66,838 $ 88,387 Office Equipment 3,097 3,097 Vehicles 38,122 38,122 Less: accumulated depreciation (35,871 ) (38,202 ) Property and equipment, net $ 72,186 $ 91,404 |
CONVERTIBLE NOTES PAYABLE (Tabl
CONVERTIBLE NOTES PAYABLE (Tables) | 6 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Convertible Debt [Table Text Block] | Schedule of convertible promissory notes Note Holder Date Maturity Date Interest Rate Balance Additions Conversions Balance ONE44 Capital LLC (2) 1/13/2022 1/13/2023 10 % $ 122,400 $ — $ — $ 122,400 Mast Hill Fund, L.P. (3) 1/20/2022 1/20/2023 12 % $ 302,312 $ — $ — $ 302,312 ONE44 Capital LLC (2) 3/22/2022 3/22/2023 10 % $ 120,000 $ — $ — $ 120,000 Coventry Enterprises, LLC (1) 6/3/2022 6/3/2023 10 % $ 576,000 $ — $ — $ 576,000 1800 Diagonal Lending LLC (4) 7/26/2022 7/26/2023 10 % $ 48,700 $ — $ (4,795 ) $ 43,905 Mast Hill Fund, L.P. (5) 9/19/2022 9/19/2023 12 % $ 290,000 $ — $ — $ 290,000 1800 Diagonal Lending LLC (4) 11/11/2022 11/11/2023 10 % $ 44,250 $ — $ — $ 44,250 Mast Hill Fund, L.P. (6) 12/16/2022 12/16/2022 12 % $ 133,000 $ 5,240 $ — $ 138,240 Mast Hill Fund, L.P. (7) 1/13/2023 12/16/2022 12 % $ 347,060 $ — $ — $ 347,060 Coventry Enterprises, LLC (8) 5/12/2023 5/12/2024 10 % $ 60,000 $ — $ — $ 60,000 1800 Diagonal Lending LLC (9) 11/16/2023 11/1/2024 10 % $ — $ 10,000 $ — $ 10,000 Total $ 2,043,722 $ 15,240 $ (4,795 ) $ 2,054,167 Less debt discount $ (256,653 ) $ (26,452 ) Convertible notes payable, net $ 1,787,069 — $ 2,027,715 Conversion Terms (1) Convertible only upon an event of default. 90% of the lowest trading price for 10 days prior to conversion date. (2) 60% of the lowest trading price for 20 days, including conversion date. (3) Convertible only upon an event of default. Conversion would then be $0.10. (4) 61% of the lowest trading price for 15 days prior to conversion date. (5) Convertible at $0.0015 (6) Convertible at $0.0007 (7) Convertible at $0.0003 (8) Monthly payments of $9,428.57. Convertible only upon an event of default. Conversion would then be 90% of the lowest trade during the 30 days prior to conversion. (9) 61% of the lowest trading price for 10 days prior to conversion date. |
Schedule of derivative liability | Schedule of derivative liability Balance at June 30, 2022 662,982 Increase to derivative due to new issuances 806,026 Decrease to derivative due to conversions (376,682 ) Derivative loss due to mark to market adjustment 1,383,120 Balance at June 30, 2023 $ 2,475,446 Increase to derivative due to new issuances 16,137 Decrease to derivative due to conversions (23,294 ) Derivative loss due to mark to market adjustment (676,231 ) Balance at December 31, 2023 $ 1,792,058 |
Schedule of fair value hierarchy | Schedule of fair value hierarchy Inputs December 31, 2023 Initial Stock price $ 0.0003 $ 0.0014 – 0.0086 Conversion price $ 0.0001 0.00018 $ 0.0006 - 0.0049 Volatility (annual) 451.57 % – 200.10 % 210.52 % - 237.49 % Risk-free rate 4.79 5.54 % 2.51 % - 4.59 % Dividend rate — — Years to maturity .25 – .88 1 |
STOCK OPTIONS (Tables)
STOCK OPTIONS (Tables) | 6 Months Ended |
Dec. 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, 2023 1,000,000 $ 0.05 — Granted — — — Exercised (1,000,000 ) $ — — Expired — $ — — Options outstanding at December 31, 2023 — $ — — Options exercisable at December 31, 2023 — $ — $ — |
WARRANTS (Tables)
WARRANTS (Tables) | 6 Months Ended |
Dec. 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, 2022 1,950,000 $ 0.44 — Granted 950,000,000 $ 0.002 — Exercised — $ — — Expired — $ — — Warrants outstanding at June 30, 2023 951,950,000 $ 0.004 — Granted — $ — — Exercised — $ — — Expired — $ — — Warrants outstanding at December 31, 2023 951,950,000 $ 0.003 — Warrants exercisable at December 31, 2023 951,950,000 $ 0.003 $ — |
Schedule of range of exercise prices | Schedule of range of exercise prices Range of Exercise Prices Number Outstanding Weighted Average Weighted Average $ 0.0015 - 0.50 951,950,000 3.95 years $ 0.003 |
NATURE OF OPERATIONS (Details N
NATURE OF OPERATIONS (Details Narrative) - USD ($) | Mar. 02, 2023 | Dec. 31, 2023 | Jun. 30, 2023 |
Offsetting Assets [Line Items] | |||
Common Stock, Par or Stated Value Per Share | $ 0.001 | ||
Common Stock, Value, Issued | $ 1,890,551 | $ 1,421,744 | |
Oil Industires Inc [Member] | |||
Offsetting Assets [Line Items] | |||
Common Stock, Par or Stated Value Per Share | $ 0.038 | ||
Oil Industries Inc [Member] | |||
Offsetting Assets [Line Items] | |||
Common Stock, Value, Issued | $ 22,800 | ||
Share Exchange Agrrement [Member] | |||
Offsetting Assets [Line Items] | |||
Stock Issued During Period, Shares, New Issues | 600,000 | ||
Stock Issued During Period, Value, New Issues | $ 17,000 |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 |
Defined Benefit Plan Disclosure [Line Items] | ||
Total derivative | $ 1,792,058 | $ 2,475,446 |
Fair Value, Inputs, Level 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Total derivative | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Total derivative | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Total derivative | $ 1,792,058 | $ 2,475,446 |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - shares | Jun. 30, 2023 | Jun. 30, 2022 |
Accounting Policies [Abstract] | ||
[custom:DilutibeCommonSharesAttributableToWarrants-0] | 951,950,000 | |
[custom:DilutiveCommonSharesAttributableToCallOptions-0] | 1,000,000 | 1,000,000 |
[custom:DilutibeCommonSharesAttributableToConvertibleNotesPayable-0] | 7,659,000,000 | 1,549,000,000 |
[custom:DilutiveCommonSharesAttributableToWarrants-0] | 456,950,000 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 10,720,289 | $ 10,950,944 |
LOANS RECEIVABLE (Details Narra
LOANS RECEIVABLE (Details Narrative) - USD ($) | Jan. 24, 2023 | Oct. 05, 2022 |
Team Moving Forwward Recovery Group [Member] | ||
Short-Term Debt [Line Items] | ||
Loans Receivable with Fixed Rates of Interest | $ 15,000 | |
Short-Term Debt, Percentage Bearing Fixed Interest Rate | 300% | |
Denver Dumpster [Member] | ||
Short-Term Debt [Line Items] | ||
Loans Receivable with Fixed Rates of Interest | $ 31,250 | |
Short-Term Debt, Percentage Bearing Fixed Interest Rate | 300% |
MACHINERY AND EQUIPMENT (Detail
MACHINERY AND EQUIPMENT (Details) - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 |
Property, Plant and Equipment [Line Items] | ||
Less: accumulated depreciation | $ (35,871) | $ (38,202) |
Property and equipment, net | 72,186 | 91,404 |
Machinery and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment gross | 66,838 | 88,387 |
Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment gross | 3,097 | 3,097 |
Vehicles [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment gross | $ 38,122 | $ 38,122 |
MACHINERY AND EQUIPMENT (Deta_2
MACHINERY AND EQUIPMENT (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | |
Property, Plant and Equipment [Abstract] | |||||
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $ 13,968 | $ 13,968 | |||
Depreciation | $ 5,250 | $ 32,322 |
CONVERTIBLE NOTES PAYABLE (Deta
CONVERTIBLE NOTES PAYABLE (Details) - USD ($) | 6 Months Ended | ||
Dec. 31, 2023 | Jun. 30, 2023 | ||
Defined Benefit Plan Disclosure [Line Items] | |||
Convertible Notes Payable, Current | $ 2,054,167 | $ 2,043,722 | |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | 15,240 | ||
Conversion of Stock, Amount Issued | (4,795) | ||
Conversion of Stock, Amount Issued | 4,795 | ||
Debt Instrument, Unamortized Discount | (26,452) | (256,653) | |
Convertible Notes Payable | $ 2,027,715 | 1,787,069 | |
O N E 44 Capital L L C [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [1] | Jan. 13, 2022 | |
Debt Instrument, Maturity Date | [1] | Jan. 13, 2023 | |
Debt Instrument, Interest Rate During Period | [1] | 10% | |
Convertible Notes Payable, Current | [1] | $ 122,400 | 122,400 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [1] | ||
Conversion of Stock, Amount Issued | [1] | 0 | |
Conversion of Stock, Amount Issued | [1] | $ 0 | |
Mast Hill Fund L. P [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [2] | Jan. 20, 2022 | |
Debt Instrument, Maturity Date | [2] | Jan. 20, 2023 | |
Debt Instrument, Interest Rate During Period | [2] | 12% | |
Convertible Notes Payable, Current | [2] | $ 302,312 | 302,312 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [2] | ||
Conversion of Stock, Amount Issued | [2] | 0 | |
Conversion of Stock, Amount Issued | [2] | $ 0 | |
O N E 44 Capital L L C 1 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [1] | Mar. 22, 2022 | |
Debt Instrument, Maturity Date | [1] | Mar. 22, 2023 | |
Debt Instrument, Interest Rate During Period | [1] | 10% | |
Convertible Notes Payable, Current | [1] | $ 120,000 | 120,000 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [1] | ||
Conversion of Stock, Amount Issued | [1] | 0 | |
Conversion of Stock, Amount Issued | [1] | $ 0 | |
Coventry Enterprises L L C 1 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [3] | Jun. 03, 2022 | |
Debt Instrument, Maturity Date | [3] | Jun. 03, 2023 | |
Debt Instrument, Interest Rate During Period | [3],[4] | 10% | |
Convertible Notes Payable, Current | [3] | $ 576,000 | 576,000 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [3] | ||
Conversion of Stock, Amount Issued | [3] | 0 | |
Conversion of Stock, Amount Issued | [3] | $ 0 | |
N 1800 Diagonal Lending L L C 1 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [5] | Jul. 26, 2022 | |
Debt Instrument, Maturity Date | [5] | Jul. 26, 2023 | |
Debt Instrument, Interest Rate During Period | [5] | 10% | |
Convertible Notes Payable, Current | [5] | $ 43,905 | 48,700 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [5] | ||
Conversion of Stock, Amount Issued | [5] | (4,795) | |
Conversion of Stock, Amount Issued | [5] | $ 4,795 | |
Mast Hill Fund L. P 1 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [6] | Sep. 19, 2022 | |
Debt Instrument, Maturity Date | [6] | Sep. 19, 2023 | |
Debt Instrument, Interest Rate During Period | [6] | 12% | |
Convertible Notes Payable, Current | [6] | $ 290,000 | 290,000 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [6] | ||
Conversion of Stock, Amount Issued | [6] | 0 | |
Conversion of Stock, Amount Issued | [6] | $ 0 | |
N 1800 Diagonal Lending L L C 2 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [5] | Nov. 11, 2022 | |
Debt Instrument, Maturity Date | [5] | Nov. 11, 2023 | |
Debt Instrument, Interest Rate During Period | [5] | 10% | |
Convertible Notes Payable, Current | [5] | $ 44,250 | 44,250 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [5] | ||
Conversion of Stock, Amount Issued | [5] | 0 | |
Conversion of Stock, Amount Issued | [5] | $ 0 | |
Mast Hill Fund L. P 2 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [7] | Dec. 16, 2022 | |
Debt Instrument, Maturity Date | [7] | Dec. 16, 2022 | |
Debt Instrument, Interest Rate During Period | [7] | 12% | |
Convertible Notes Payable, Current | [7] | $ 138,240 | 133,000 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [7] | 5,240 | |
Conversion of Stock, Amount Issued | [7] | 0 | |
Conversion of Stock, Amount Issued | [7] | $ 0 | |
Mast Hill Fund L. P 3 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [8] | Jan. 13, 2023 | |
Debt Instrument, Maturity Date | [8] | Dec. 16, 2022 | |
Debt Instrument, Interest Rate During Period | [8] | 12% | |
Convertible Notes Payable, Current | [8] | $ 347,060 | 347,060 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [8] | ||
Conversion of Stock, Amount Issued | [8] | 0 | |
Conversion of Stock, Amount Issued | [8] | $ 0 | |
Coventry Enterprises L L C 2 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [4] | May 12, 2023 | |
Debt Instrument, Maturity Date | [4] | May 12, 2024 | |
Convertible Notes Payable, Current | [4] | $ 60,000 | 60,000 |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [4] | ||
Conversion of Stock, Amount Issued | [4] | 0 | |
Conversion of Stock, Amount Issued | [4] | $ 0 | |
N 1800 Diagonal Lending L L C 3 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
[custom:ConvertibleIssuanceOfDate] | [9] | Nov. 16, 2023 | |
Debt Instrument, Maturity Date | [9] | Nov. 01, 2024 | |
Debt Instrument, Interest Rate During Period | [9] | 10% | |
Convertible Notes Payable, Current | [9] | $ 10,000 | |
[custom:IncreaseInConvertibleNotesPayableCurrent-0] | [9] | $ 10,000 | |
Conversion of Stock, Amount Issued | [9] | 0 | |
Conversion of Stock, Amount Issued | [9] | $ 0 | |
[1] 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. Monthly payments of $9,428.57. Convertible only upon an event of default. Conversion would then be 90% of the lowest trade during the 30 days prior to conversion. 61% of the lowest trading price for 15 days prior to conversion date. Convertible at $0.0015 Convertible at $0.0007 Convertible at $0.0003 |
CONVERTIBLE NOTES PAYABLE (De_2
CONVERTIBLE NOTES PAYABLE (Details 1) - USD ($) | 6 Months Ended | 12 Months Ended |
Dec. 31, 2023 | Jun. 30, 2023 | |
Debt Disclosure [Abstract] | ||
Derivative liability | $ 2,475,446 | $ 662,982 |
Increase to derivative due to new issuances | 16,137 | 806,026 |
Decrease to derivative due to conversion/payments | (23,294) | (376,682) |
Derivative gain due to mark to market adjustment | (676,231) | 1,383,120 |
Derivative Liability | $ 1,792,058 | $ 2,475,446 |
CONVERTIBLE NOTES PAYABLE (De_3
CONVERTIBLE NOTES PAYABLE (Details 2) - $ / shares | 6 Months Ended | |
Dec. 31, 2023 | Jun. 30, 2023 | |
Debt Instrument [Line Items] | ||
Share Price | $ 0.0003 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum | 451.57% | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum | 200.10% | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum | 4.79% | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum | 5.54% | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |
Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Convertible, Conversion Price | 0.0001 | |
Debt Instrument, Term | 3 months | |
Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Convertible, Conversion Price | 0.00018 | |
Debt Instrument, Term | 10 months 17 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 | 0% | |
Debt Instrument, Term | 1 year | |
Initial Valuation [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Share Price | 0.0014 | |
Debt Instrument, Convertible, Conversion Price | 0.0006 | |
Initial Valuation [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Share Price | 0.0086 | |
Debt Instrument, Convertible, Conversion Price | $ 0.0049 |
CONVERTIBLE NOTES PAYABLE (De_4
CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 |
Debt Disclosure [Abstract] | ||
Accrued Liabilities, Current | $ 337,170 | $ 263,154 |
NOTE PAYABLE (Details Narrative
NOTE PAYABLE (Details Narrative) - USD ($) | 1 Months Ended | |||
Nov. 05, 2018 | Sep. 28, 2022 | Dec. 31, 2023 | Jun. 30, 2023 | |
Line of Credit Facility [Line Items] | ||||
Debt Conversion, Converted Instrument, Amount | $ 100,000 | |||
Debt Conversion, Converted Instrument, Shares Issued | 10,000,000 | |||
Loans Payable, Current | $ 22,729 | $ 22,729 | ||
[custom:IncreaseDecreaseInInterestPayable-0] | $ 21,512 | $ 20,940 | ||
Line of Credit [Member] | Twiga Capital Partners [Member] | ||||
Line of Credit Facility [Line Items] | ||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 500,000 | |||
Debt Instrument, Interest Rate During Period | 5% |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | 3 Months Ended | |
Dec. 31, 2023 | Sep. 30, 2023 | |
Mast Hill Fund 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Stock Issued During Period, Value, Conversion of Convertible Securities | $ 36,024 | |
Stock Issued During Period, Shares, Conversion of Convertible Securities | 300,200,000 | |
Diagonal 1800 Lending 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Stock Issued During Period, Value, Conversion of Convertible Securities | $ 4,795 | |
Stock Issued During Period, Shares, Conversion of Convertible Securities | 78,600,000 | |
Coventry [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Stock Issued During Period, Value, Conversion of Convertible Securities | $ 16,200 | |
Stock Issued During Period, Shares, Conversion of Convertible Securities | 90,000,000 |
PREFERRED STOCK (Details Narrat
PREFERRED STOCK (Details Narrative) | Jun. 30, 2023 shares |
Series B Preferred Stock [Member] | |
Class of Stock [Line Items] | |
Preferred Stock, Shares Authorized | 25,000,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Dec. 31, 2023 | Jun. 30, 2023 |
Related Party Transactions [Abstract] | ||
[custom:DueToRelatedParties-0] | $ 19,306 | $ 19,306 |
STOCK OPTIONS (Details)
STOCK OPTIONS (Details) - $ / shares | 6 Months Ended | 12 Months Ended | |
Dec. 31, 2023 | Jun. 30, 2023 | Aug. 03, 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 | ||
Option granted | |||
Granted | |||
Option exercised | (1,000,000) | ||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ 0 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period | 0 | ||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price | $ 0 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance | 1,000,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ 0.05 | ||
Option exercisable | |||
Exercisable at end of period | $ 0.05 |
STOCK OPTIONS (Details Narrativ
STOCK OPTIONS (Details Narrative) - $ / shares | 1 Months Ended | 6 Months Ended | |
Aug. 03, 2022 | Dec. 31, 2023 | Jun. 30, 2023 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 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 ($) | 6 Months Ended | 12 Months Ended | |
Dec. 31, 2023 | Jun. 30, 2023 | Aug. 03, 2022 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.003 | ||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | |||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | 0 | ||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price | $ 0 | ||
Class of Warrant or Right, Outstanding | 951,950,000 | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.003 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 0.05 | ||
Warrant [Member] | |||
Class of Warrant or Right, Outstanding | 951,950,000 | 1,950,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.004 | $ 0.44 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted | 950,000,000 | ||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ 0.002 | ||
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 | 951,950,000 | 951,950,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.003 | $ 0.004 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number | 951,950,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 0.003 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding |
WARRANTS (Details 1)
WARRANTS (Details 1) - $ / shares | 6 Months Ended | |
Dec. 31, 2023 | Jun. 30, 2023 | |
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 | $ 0.50 | |
Number of shares outstanding | 951,950,000 | |
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term | 3 years 11 months 12 days | |
Weighted average exercise price outstanding | $ 0.003 |
WARRANTS (Details Narrative)
WARRANTS (Details Narrative) - USD ($) | 1 Months Ended | |||
Jan. 13, 2023 | Jan. 16, 2023 | Dec. 16, 2022 | Sep. 23, 2022 | |
Adjustments to Additional Paid in Capital, Warrant Issued | $ 126,066 | $ 108,769 | $ 188,675 | |
Mast Hill Fund L P [Member] | ||||
Debt Instrument, Face Amount | $ 347,000 | $ 233,000 | $ 290,000 | |
Mast Hill Fund L P [Member] | First Warrant [Member] | ||||
Debt Conversion, Converted Instrument, Warrants or Options Issued | 347,000,000 | 155,000,000 | 100,000,000 | |
Shares Issued, Price Per Share | $ 0.001 | $ 0.0015 | $ 0.003 | |
Mast Hill Fund L P [Member] | Second Warrant [Member] | ||||
Debt Conversion, Converted Instrument, Warrants or Options Issued | 148,000,000 | 100,000,000 | 100,000,000 | |
Shares Issued, Price Per Share | $ 0.003 | $ 0.003 | $ 0.003 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | 4 Months Ended | 6 Months Ended | |
Apr. 26, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Increase (Decrease) in Accounts Payable | $ (418) | $ 67,573 | |
Mast Hill [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Increase (Decrease) in Accounts Payable | $ 5,760 |