| Convertible Notes | 9. Convertible Notes As of March 31, 2019 and June 30, 2018, the
balance owing on convertible notes, net of debt discount, with terms as described below was $1,059,655 and $2,399,941, respectively. Convertible notes issued prior to the year
ended June 30, 2017 were as follows: Convertible note 1: On August 24, 2012, the
Company entered into a convertible promissory note with an accredited investor for $25,000. The note has a term of six (6) months
with an interest rate of 10% and is convertible to common shares at a 25% discount of the average of 30 days prior to the conversion
date. As of March 31, 2019, the note is in default. Convertible note 2: On September 18, 2012,
the Company entered into a convertible promissory note with an accredited investor for $25,000. The note has a term of six (6)
months with an interest rate of 10% and is convertible to common shares at a 25% discount of the average of 30 days prior to the
conversion date. As of March 31, 2019, the note is in default. Convertible note 3: On December 21, 2012,
the Company entered into a convertible promissory note with an accredited investor for $100,000. The note has a term of six (6)
months with an interest rate of 10% and is convertible to common shares at a 25% discount of the average of 30 days prior to the
conversion date. As of March 31, 2019, the note is in default. Convertible note 4: On December 19, 2016,
the Company entered into a convertible promissory note with an accredited investor for $20,000. The note has a term of six (6)
months with an interest rate of 8% and is convertible to common shares at a 40% discount. As of March 31, 2019, the note has been
fully converted. Convertible note 5: On January 17, 2017, the
Company entered into a convertible promissory note with an accredited investor for $25,000. The note has a term of six (6) months
with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our shares. As
of March 31, 2019, the note has been fully converted. Convertible note 6: On January 20, 2017, the
Company entered into a convertible promissory note with an accredited investor for $80,000. The note has a term of six (6) months
with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our shares.
As of March 31, 2019, the note has been fully converted. Convertible note 7: On February 8, 2017, the
Company entered into a convertible promissory note with an accredited investor for $50,000. The note has a term of six (6) months
with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our shares.
As of March 31, 2019, the note has been fully converted. Convertible note 8: On February 24, 2017,
the Company entered into a convertible promissory note with an accredited investor for $66,023. The note has a term of six (6)
months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our
shares. As of March 31, 2019, the note has been fully converted. Convertible note 9: On February 9, 2017, the
Company entered into a convertible promissory note with an accredited investor for $50,000. The note has a term of six (6) months
with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our shares.
As of March 31, 2019, the note has been fully converted. Convertible note 10: On February 28, 2017,
the Company entered into a convertible promissory note with an accredited investor for $75,000. The note has a term of six (6)
months with an interest rate of 8% and is convertible to common shares at a 40% discount. As of March 31, 2019, the note has been
fully converted. Convertible note 11: On March 1, 2017, the
Company entered into a convertible promissory note with an accredited investor for $100,000. The note has been purchased by other
investor in total amount of $156,067 with a term of nine (9) months with an interest rate of 10% and is convertible to common
shares at a 45% discount to the then current market price of our shares. As of September 30, 2018, $92,500 has been converted
into the Company’s common stock and the Company incurred two conversion default penalties in total of $60,751. As of June
30, 2018, the remaining principal balance was $124,318. As of March 31, 2019, the Company converted $63,567 and the remaining
balance of note was $60,751. Convertible note 12: On March 23, 2017, the
Company entered into a convertible promissory note with an accredited investor for $70,000. The note has a term of six (6) months
with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our shares.
As of March 31, 2019, the note has been fully converted. Convertible note 13: On February 16, 2017,
the Company entered into a convertible promissory note with an accredited investor for $30,000. The note has a term of six (6)
months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our
shares. As of March 31, 2019, the note has been fully converted. Convertible note 14: On March 31, 2017, the
Company entered into a convertible promissory note with an accredited investor for $200,000. The note has a term of six (6) months
with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our shares.
As of March 31, 2019, the note has been fully converted. Convertible note 15 & 16: On May 17, 2017,
the Company entered a convertible promissory note with an investor for a total amount of $1,375,000 (after $10,000 legal and due
diligence fee) with an OID of $125,000, the note will be fulfilled through a series of funding. The note is due 12 months after
each funding date and bears an interest rate of 10%. The conversion price for the note is 55% of the lowest closing bid for the
20 consecutive trading days prior to the conversion date. In connection with the note, the investor will also receive warrants
and is calculated based on 15% of the maturity amount. The warrants have a life of four years with exercise price of $0.15 per
share and have cashless exercise option. The Company had outstanding balance of $921,004 as of the year ended June 30, 2018. The
fair value of the warrants was $40,400 as of June 30, 2018. During the nine months ended March 31, 2019, the principal balance
has been fully converted, the remaining default charge balance of the note was $250,000 as of March 31, 2019 and the fair value
of the warrant liability was $9,090. As of March 31, 2019, the note is in default and bears a default interest rate of 22% per
annum. Convertible notes issued during the year
ended June 30, 2018 were as follows: Convertible note 17: On July 17, 2017, the
Company entered into a convertible promissory note with an accredited investor for $164,900. The note has a term of one year with
an interest rate of 8% and is convertible to common shares at a fixed conversion price of $0.025. As of March 31, 2019, the note
has been fully converted. Convertible note 18: On August 3, 2017, the
Company entered into a convertible promissory note with an accredited investor for $150,000. The note has a term of six (6) months
with an interest rate of 10% and is convertible to common shares at a 45% discount to average of 3 lowest trading price during
last 20 trading days. As of March 31, 2019, the note has been fully converted. Convertible note 19: On August 22, 2017, the
Company entered into a convertible promissory note with an accredited investor for $35,000. The note has a term of six (6) months
with an interest rate of 8% and is convertible to common shares at a 40% discount of average two lowest price of last 20 trading
days prices. As of March 31, 2019, the note has been fully converted. Convertible note 20: On September 15, 2017,
the Company entered into a convertible promissory note with an accredited investor for $150,000. The note has a term of six (6)
months with an interest rate of 10% and is convertible to common shares at a 45% discount to average of 3 lowest trading price
during last 20 trading days. As of March 31, 2019, the note has been fully converted. Convertible note 21: On September 26, 2017,
the Company entered into a convertible promissory note with an accredited investor for $15,000. The note has a term of six (6)
months with an interest rate of 8% and is convertible to common shares at a 40% discount of average two lowest price of last 20
trading days prices. As of March 31, 2019, the note has been fully converted. Convertible note 22: On December 7, 2017,
the Company entered into a convertible promissory note with an accredited investor for $50,000. The note has a term of one year
with an interest rate of 8% and is convertible to common shares at a fixed conversion price of $0.05. As of March 31, 2019, the
note has been fully converted. Convertible notes issued during the nine
months ended March 31, 2019 were as follows: Convertible note 23: On September 20, 2018,
the Company entered a convertible promissory note with an accredited investor for a total amount of $267,500 (includes $5,000
legal fee and an OID of $12,500). The note is due 360 days and bears an interest rate of 8%. The conversion price for the note
is 55% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date. Convertible note 24: On October 5, 2018, the
Company entered a convertible promissory note with an accredited investor for a total amount of $250,000 (includes $5,000 OID).
The note is due 360 days and bears an interest rate of 8%. The conversion price for the note is 45% of average three lowest closing
bid for the 20 consecutive trading days prior to the conversion date. Convertible note 25: On November 1, 2018,
the Company entered into a convertible promissory note with an accredited investor for $100,000. The note has a term of one year
with an interest rate of 8% and is convertible to common shares at a fixed conversion price of $0.07. Convertible note 26: On November 16, 2018,
the Company entered into a convertible promissory note with an accredited investor for $80,000. The note has a term of one year
with an interest rate of 8% and is convertible to common shares at a fixed conversion price of $0.07. Convertible note 27: On November 16, 2018,
the Company entered into a convertible promissory note with an accredited investor for $40,000. The note has a term of one year
with an interest rate of 8% and is convertible to common shares at a fixed conversion price of $0.07. Convertible note 28: On December 3, 2018,
the Company entered into a convertible promissory note with an accredited investor for $35,000. The note has a term of one year
with an interest rate of 8% and is convertible to common shares at a fixed conversion price of $0.07. Convertible note 29: On December 26, 2018,
the Company entered a convertible promissory note with an accredited investor for a total amount of $250,000 (includes $5,000
OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 45% of average three lowest
closing bid for the 20 consecutive trading days prior to the conversion date. Convertible note 30: On January 8, 2019, the
Company entered a convertible promissory note with an accredited investor for a total amount of $105,000. The note is due 360
days and bear an interest rate of 8%. The conversion price for the note is 35% of average two lowest closing bid for the 20 consecutive
trading days prior to the conversion date. Convertible note 31: On January 22, 2019,
the Company entered a convertible promissory note with an accredited investor for a total amount of $100,000. The note is due
360 days and bear an interest rate of 8%. The conversion price for the note is 42% of average three lowest closing bid for the
20 consecutive trading days prior to the conversion date. Convertible note 32: On January 24, 2019,
the Company entered a convertible promissory note with an accredited investor for a total amount of $53,000. The note is due 360
days and bear an interest rate of 8%. The conversion price for the note is 35% of average two lowest closing bid for the 20 consecutive
trading days prior to the conversion date. Convertible note 33: On February 26, 2019,
the Company entered a convertible promissory note with an accredited investor for a total amount of $100,000. The note is due
360 days and bear an interest rate of 8%. The conversion price for the note is 42% of average three lowest closing bid for the
20 consecutive trading days prior to the conversion date. Convertible note 34: On March 4, 2019, the
Company entered a convertible promissory note with an accredited investor for a total amount of $250,000 (includes $7,000 OID).
The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 42% of average two lowest closing
bid for the 20 consecutive trading days prior to the conversion date. For the period ended March 31, 2019, the Company’s
convertible notes consisted of following:
Balance Conversion Balance
as of Default Addition/ in # of as of Interest Conversion
06.30.2018 Penalty (Repayment) principal shares 03.31.2019 Due Date Rate Price
25,000 — — — — 25,000 2/24/2013 14 % 75% of the average of 30 days prior to the conversion date.
25,000 — — — — 25,000 3/18/2013 14 % 75% of the average of 30 days prior to the conversion date.
1,00,000 — — — — 1,00,000 6/21/2013 14 % 75% of the average of 30 days prior to the conversion date.
20,000 — — 20,000 11,60,391 — 7/17/2017 10 % 40% discount of average price of last 20 trading days prices
25,000 — — 25,000 14,26,674 — 7/17/2017 8 % 40% discount of average two lowest price of last 20 trading days prices
50,000 — — 50,000 29,31,188 — 08/08/2017 8 % 40% discount of average two lowest price of last 20 trading days prices
80,000 — — 80,000 45,30,846 — 7/20/2017 8 % 40% discount of average two lowest price of last 20 trading days prices
66,023 — — 66,023 37,12,324 — 8/24/2017 8 % 40% discount of average two lowest price of last 20 trading days prices
50,000 — — 50,000 23,90,805 — 08/09/2017 8 % 40% discount of average two lowest price of last 20 trading days prices
75,000 — — 75,000 43,78,547 — 7/31/2017 8 % 40% discount of average two lowest price of last 20 trading days prices
1,24,318 — — 63,567 39,19,404 60,751 12/01/2017 10 % 45% discount of lowest price of last 20 trading days prices
70,000 — — 70,000 40,67,072 — 9/23/2017 8 % 40% discount of average two lowest price of last 20 trading days prices
30,000 — — 30,000 15,00,010 — 8/16/2017 8 % Greater of 40% discount to average of 3 lowest trading price during last 20 trading days or $.05
2,00,000 — — 2,00,000 1,15,57,652 — 9/30/2017 8 % 40% discount of average two lowest price of last 20 trading days prices
9,21,004 — — 6,71,004 3,14,83,740 2,50,000 05/12/2018 22 % 45% discount of lowest price of last 20 trading days prices
1,50,000 — — 1,50,000 37,45,330 — 05/03/2018 10 % 45% discount to average of 3 lowest trading price during last 20 trading days
1,64,900 — — 1,64,900 65,96,000 — 7/17/2018 8 % The conversion price shall be $0.025 per share
35,000 — — 35,000 6,91,184 — 8/22/2018 8 % 40% discount of average two lowest price of last 20 trading days prices
15,000 — — 15,000 2,94,114 — 9/26/2018 8 % 40% discount of average two lowest price of last 20 trading days prices
50,000 — — 50,000 10,00,000 — 12/07/2018 8 % The conversion price shall be $0.05 per share
— — 2,67,500 — — 2,67,500 9/15/2019 8 % 55% discount of lowest price of last 20 trading days prices
— — 2,50,000 — — 2,50,000 10/05/2019 8 % 45% discount of average three lowest price of last 20 trading days prices
— — 1,00,000 — — 1,00,000 10/31/2019 8 % The conversion price shall be $0.07 per share
— — 80,000 — — 80,000 11/15/2019 8 % The conversion price shall be $0.07 per share
— — 40,000 — — 40,000 11/15/2019 8 % The conversion price shall be $0.07 per share
— — 35,000 — — 35,000 12/02/2019 8 % The conversion price shall be $0.07 per share
— — 2,50,000 — — 2,50,000 12/26/2019 8 % 45% discount of average three lowest price of last 20 trading days prices
— — 1,05,000 — — 1,05,000 01/08/2020 8 % 35% discount of average two lowest price of last 20 trading days prices
— — 1,00,000 — — 1,00,000 1/22/2020 8 % 42% discount of average three lowest price of last 20 trading days prices
— — 53,000 — — 53,000 1/24/2020 8 % 35% discount of average two lowest price of last 20 trading days prices
— — 1,00,000 — — 35,000 2/26/2020 8 % 42% discount of average three lowest price of last 20 trading days prices
— — 2,50,000 — — 2,50,000 03/04/2020 8 % 42% discount of average two lowest price of last 20 trading days prices
24,26,245 16,30,500 1,965,494 8,91,29,286 20,91,250 In connection with the convertible debt, debt
discount balance as of March 31, 2019 and June 30, 2018 were $1,031,596 and $26,303, respectively, and were being amortized and
recorded as interest expenses over the term of the convertible debt. As of March 31, 2019, the Company’s
debt discount consisted of following:
Note Date Due Date OID Amortization Debt Discount Amortization for Debt Discount
08/22/2017 8/22/2018 $ 35,000 $ 29,918 $ 5,082 $ 5,082 $ —
09/26/2017 9/26/2018 15,000 11,384 3,616 3,616 —
07/17/2017 7/17/2018 164,900 160,445 4,455 4,455 —
12/07/2017 12/7/2018 50,000 36,849 13,151 13,151 —
09/20/2018 9/15/2019 12,500 — — 6,667 5,833
09/20/2018 9/15/2019 250,000 — — 133,333 116,667
10/05/2018 10/5/2019 5,000 — — 2,425 2,575
10/05/2018 10/5/2019 245,000 — — 118,808 126,192
11/01/2018 11/1/2019 84,286 — — 34,638 49,648
11/16/2018 11/16/2019 36,571 — — 13,526 23,045
11/16/2018 11/16/2019 18,286 — — 6,763 11,523
12/03/2018 12/3/2019 10,000 — — 3,233 6,767
12/26/2018 12/26/2019 5,000 — — 1,301 3,699
12/26/2018 12/26/2019 245,000 — — 63,767 181,233
01/08/2019 01/08/2020 92,101 — — 20,691 71,410
01/22/2019 01/22/2020 87,478 — — 16,297 71,181
01/22/2019 01/22/2020 2,000 — — 373 1,627
01/24/2019 01/24/2020 47,432 — — 8,577 38,856
02/26/2019 02/26/2020 96,708 — — 8,743 87,965
02/26/2019 02/26/2020 2,000 — — 181 1819
03/04/2019 03/04/2020 243,000 — — 17,926 225,074
03/04/2019 03/04/2020 7,000 — — 516 6,484
Total: $ 41,302 $ 26,303 $ 484,070 $ 1,031,596 | 8. Convertible
Notes As of June 30, 2018 and 2017, the balance
owing on convertible notes, net of debt discount, with terms as described below was $2,399,941 and $1,502,023, respectively. Convertible notes issued prior the year
ended June 30, 2017 were as follows: Convertible note 1: On August 24, 2012,
the Company entered into a convertible promissory note with an accredited investor for $25,000. The note has a term of six (6)
months with an interest rate of 10% and is convertible to common shares at a 25% discount of the average of 30 days prior to the
conversion date. As of June 30, 2018, the note is in default. Convertible note 2: On September 18,
2012, the Company entered into a convertible promissory note with an accredited investor for $25,000. The note has a term of six
(6) months with an interest rate of 10% and is convertible to common shares at a 25% discount of the average of 30 days prior to
the conversion date. As of June 30, 2018, the note is in default. Convertible note 3: On December 21,
2012, the Company entered into a convertible promissory note with an accredited investor for $100,000. The note has a term of six
(6) months with an interest rate of 10% and is convertible to common shares at a 25% discount of the average of 30 days prior to
the conversion date. As of June 30, 2018, the note is in default. Convertible note 4: On December 19,
2016, the Company entered into a convertible promissory note with an accredited investor for $20,000. The note has a term of six
(6) months with an interest rate of 8% and is convertible to common shares at a 40% discount. As of June 30, 2018, the note is
in default. Convertible
note 5: On January 17, 2017, the Company entered into a convertible promissory note with an accredited investor for $25,000. The
note has a term of six (6) months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then
current market price of our shares. As of June 30, 2018, the note is in default . Convertible note 6: On January 17, 2017,
the Company entered into a convertible promissory note with an accredited investor for $20,000. The note has a term of six (6)
months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our
shares. The note has been fully converted as of June 30, 2018. Convertible note 9: On January 20, 2017,
the Company entered into a convertible promissory note with an accredited investor for $80,000. The note has a term of seven (6)
months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our
shares. As of June 30, 2018, the note is in default. Convertible note 7: On January 24, 2017,
the Company entered into a convertible promissory note with an accredited investor for $43,000. The note has a term of twelve (12)
months with an interest of 8% and is convertible to common shares at a 45% discount to the then current market price of our shares.
This convertible promissory note has been fully converted in the year ended June 30, 2018. Convertible note 8: On February 8,
2017, the Company entered into a convertible promissory note with an accredited investor for $50,000. The note has a term of six
(6) months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price
of our shares. As of June 30, 2018, the note is in default. Convertible note 10: On February 24,
2017, the Company entered into a convertible promissory note with an accredited investor for $66,023. The note has a term of six
(6) months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of
our shares. As of June 30, 2018, the note is in default. Convertible note 11: On February 9,
2017, the Company entered into a convertible promissory note with an accredited investor for $50,000. The note has a term of six
(6) months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of
our shares. As of June 30, 2018, the note is in default. Convertible note 12: On February 28,
2017, the Company entered into a convertible promissory note with an accredited investor for $75,000. The note has a term of six
(6) months with an interest rate of 8% and is convertible to common shares at a 40% discount. As of June 30, 2018, the note is
in default. Convertible note 13: On March 1, 2017,
the Company entered into a convertible promissory note with an accredited investor for $100,000. The note has a term of nine (9)
months with an interest rate of 10% and is convertible to common shares at a 45% discount to the then current market price of our
shares. As of June 30, 2018, there were $92,500 has been converted into the Company’s common stock and the remaining principal
balance was $7,500. As of June 30, 2018, the note is in default. Convertible note 14: On March 23, 2017,
the Company entered into a convertible promissory note with an accredited investor for $70,000. The note has a term of six (6)
months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our
shares. As of June 30, 2018, the note is in default. Convertible note 15: On February 15,
2017, the Company entered into a convertible promissory note with an accredited investor for $63,000. The note has a term of nine
(9) months with an interest rate of 8% and is convertible to common shares at 40% discount to the then current market price of
our shares. This convertible promissory note has been fully converted in the year ended June 30, 2018. Convertible note 16: On February 16,
2017, the Company entered into a convertible promissory note with an accredited investor for $30,000. The note has a term of six
(6) months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price
of our shares. As of June 30, 2018, the note is in default. Convertible note 17: On March 31, 2017,
the Company entered into a convertible promissory note with an accredited investor for $200,000. The note has a term of six (6)
months with an interest rate of 8% and is convertible to common shares at a 40% discount to the then current market price of our
shares. As of June 30, 2018, the note is in default. Convertible note 18 & 19: On May
17, 2017, the Company entered a convertible promissory note with an investor for a total amount of $1,375,000 (after $10,000 legal
and due diligence fee) with an OID of $125,000, the note will be fulfilled through a series of funding. The note is due 12 months
after each funding date and bear an interest rate of 10%. The conversion price for the note is 55% of the lowest closing bid for
the 20 consecutive trading days prior to the conversion date. In connection with the note, the investor will also receive warrants
and is calculated based on 15% of the maturity amount. The warrants have a life of four years with exercise price of $0.15 per
share and have cashless exercise option. The Company received $505,000 from this note during the year ended June 30, 2018. The
fair value of the warrants were $40,400 at grant date. As of June 30, 2018, the Company had outstanding convertible note payable
to this investor for $671,004 (with two major default charge in total of $166,004), the fair value of the warrant liability was
$40,400. As of June 30, 2018, the note is in default and bears a default interest rate of 22% per annum. Convertible notes issued during the
year ended June 30, 2018 were as follows: On July 17, 2017, the Company entered
into a convertible promissory note with an accredited investor for $164,900. The note has a term of one year with an interest rate
of 8% and is convertible to common shares at a fixed conversion price of $0.025. On August 3, 2017, the Company
entered into a convertible promissory note with an accredited investor for $150,000. The note has a term of six (6) months
with an interest rate of 10% and is convertible to common shares at a 45% discount to average of 3 lowest trading price
during last 20 trading days. As of June 30, 2018, the note is in default. On August 22, 2017, the Company entered
into a convertible promissory note with an accredited investor for $35,000. The note has a term of six (6) months with an interest
rate of 8% and is convertible to common shares at a 40% discount of average two lowest price of last 20 trading days prices. On September 15, 2017, the Company entered
into a convertible promissory note with an accredited investor for $150,000. The note has a term of six (6) months with an interest
rate of 10% and is convertible to common shares at a 45% discount to average of 3 lowest trading price during last 20 trading days. As of June 30, 2018, the note is in default. On September 26, 2017, the Company entered
into a convertible promissory note with an accredited investor for $15,000. The note has a term of six (6) months with an interest
rate of 8% and is convertible to common shares at a 40% discount of average two lowest price of last 20 trading days prices. On December 7, 2017, the Company entered
into a convertible promissory note with an accredited investor for $50,000. The note has a term of one year with an interest rate
of 8% and is convertible to common shares at a fixed conversion price of $0.05. As of the year ended June 30, 2018,
the Company’s convertible notes consisted of following:
Principal Default Penalty Conversion in Principal Number of Shares Balance as of 6/30/2018 Due Date Interest Rate Conversion Price
$ 25,000 $ 25,000 2/24/2013 14 % 75% of the average of 30 days prior to the conversion date
$ 25,000 $ 25,000 3/18/2013 14 % 75% of the average of 30 days prior to the conversion date
$ 100,000 $ 100,000 6/21/2013 14 % 75% of the average of 30 days prior to the conversion date
$ 20,000 $ 20,000 7/17/2017 8 % 40% discount of average of last 20 trading days
$ 25,000 $ 25,000 7/17/2017 8 % 40% discount of average two lowest price of last 20 trading days
$ 20,000 $ 20,000 737,748 — 7/17/2017 8 % Greater of $0.05 or 40% discount to average of 3 lowest trading price during 20 trading days
$ 43,000 $ 43,000 2,462,180 — 1/24/2018 8 % 45% discount of average two lowest price of last 20 trading days
$ 50,000 $ 50,000 8/8/2017 8 % 40% discount of average two lowest price of last 20 trading days
$ 80,000 $ 80,000 7/20/2017 8 % 40% discount of average two lowest price of last 20 trading days
$ 66,023 $ 66,023 8/24/2017 8 % 40% discount of average two lowest price of last 20 trading days
$ 50,000 $ 50,000 8/9/2017 8 % 40% discount of average two lowest price of last 20 trading days
$ 75,000 $ 75,000 7/31/2017 8 % 40% discount of average two lowest price of last 20 trading days
$ 100,000 $ 92,500 5,246,524 $ 7,500 12/1/2017 10 % 50% discount of average three lowest price of last 20 trading days
$ 56,067 $ 56,067 12/1/2017 10 % 50% discount of average three lowest price of last 20 trading days
$ 7,273 $ 31,097 12/1/2017 10 % 50% discount of average three lowest price of last 20 trading days
$ 7,270 $ 29,654 12/1/2017 10 % 50% discount of average three lowest price of last 20 trading days
$ 70,000 $ 70,000 9/23/2017 8 % 40% discount of average two lowest price of last 20 trading days
$ 63,000 $ 63,000 3,081,746 — 11/20/2017 8 % 42% discount of average three lowest price of last 10 trading days
$ 30,000 $ 30,000 8/16/2017 8 % Greater of $0.05 or 40% discount to average of 3 lowest trading price during 20 trading days
$ 200,000 $ 200,000 9/30/2017 8 % 40% discount of average two lowest price of last 20 trading days
$ 340,000 $ 78,482 $ 418,482 5/12/2018 22 % 45% discount of lowest price of last 20 trading days
$ 165,000 $ 87,522 $ 252,522 5/12/2018 22 % 45% discount of lowest price of last 20 trading days
$ 80,000 $ 80,000 5/12/2018 22 % 45% discount of lowest price of last 20 trading days
$ 170,000 $ 170,000 5/12/2018 22 % 45% discount of lowest price of last 20 trading days
$ 150,000 $ 150,000 5/3/2018 10 % 45% discount of average three lowest price of last 20 trading days
$ 150,000 $ 150,000 6/15/2018 10 % 45% discount of average three lowest price of last 20 trading days
$ 164,900 $ 164,900 7/17/2018 8 % $0.025
$ 35,000 $ 35,000 8/22/2018 8 % 40% discount of average two lowest price of last 20 trading days
$ 15,000 $ 15,000 9/26/2018 8 % 40% discount of average two lowest price of last 20 trading days
$ 50,000 $ 50,000 12/7/2018 8 % $0.025
Total: $ 218,500 $ 2,426,245 As of the year ended
June 30, 2018, the Company’s debt discount consisted of following:
Date of Due Date Related Debt OID Debt Discount at 6/30/2017 Amortization during 6/30/2018 Debt Discount at 6/30/2018
8/3/2017 5/3/2018 $ 150,000 $ — $ 150,000
9/15/2017 6/15/2018 150,000 — 150,000
8/22/2017 8/22/2108 35,000 — 29,918 5,082
9/26/2017 9/26/2018 15,000 — 11,384 3,616
5/12/2017 5/12/2018 30,000 13,232 13,232
6/12/2017 6/12/2018 15,000 28,263 28,263
9/28/2017 5/12/2018 78,482 — 78,482
11/14/2017 5/12/2018 87,522 — 87,522
8/8/2017 12/1/2017 56,067 — 56,067
10/13/2017 12/1/2017 15,298 — 15,298
11/14/2017 12/1/2017 42,280 — 42,280
11/17/2017 5/12/2018 80,000 — 80,000
11/25/2017 5/12/2018 170,000 — 170,000
7/17/2017 7/17/2018 164,900 — 160,445 4,455
12/7/2017 12/7/2018 50,000 — 36,849 13,151
Total debt discount $ 1,139,549 $ 41,495 $ 912,446 $ 26,303 |
