v3.22.0.1

Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Values Determined by Level 3 Inputs

The following table presents information about the liabilities that are measured at fair value on a recurring basis at December 31, 2021 and June 30, 2021 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.

At December 31, 2021
					Total		Level 1		Level 2			Level 3
		Derivative liability, convertible note features		$	-	$	-	$	-		$	-

At June 30, 2021
					Total		Level 1		Level 2			Level 3
		Derivative liability, convertible note features		$	1,842,000	$	-	$	-		$	1,842,000

Schedule of Derivative Liability Valued Using Monte Carlo Pricing Model

The derivative liability was valued using the Monte Carlo pricing model with the following inputs:

At June 30, 2021
Risk-free interest rate:		0.17%
Expected dividend yield:		0.00%
Expected stock price volatility:		295.00%
Expected option life in years:		.037 to .70 years

Schedule of Reconciliation of Changes in Fair Value of Convertible Debt

The following table sets forth a reconciliation of changes in the fair value of the Company's convertible debt components classified as Level 3 in the fair value hierarchy at December 31, 2021 and June 30, 2021:

Balance at June 30, 2021		$	1,842,000
Realized			(1,842,000)
Unrealized			-
Balance at December 31, 2021		$	-
Balance at June 30, 2020		$	246,612
Convertible securities at inception			4,000
Realized			(80,924)
Unrealized			1,672,312
Balance at June 30, 2021		$	1,842,000

X

- Definition

Tabular disclosure of reconciliation of changes in fair value of convertible debt.

+ References

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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