v3.23.2

Equity (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2023

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Schedule of fair value of each equity-based award is estimated period

Stock price volatility		175%
Expected term		5 years
Discount rate		3.38%
Expected dividends		0%

Stock price volatility		190%
Expected term		1 year
Risk-free interest rate		3.21%
Expected dividends		0%

Stock price volatility	190%
Expected term	1 year
Risk-free interest rate	3.21%
Expected dividends	0%

Schedule of warrant status

		Warrants		Weighted Average Exercise Price
	Outstanding, June 30, 2022	600,000		$0.01
	Granted	1,400,000		0.01
	Granted	2,100,000		0.10
	Forfeited	-		-
	Outstanding, March 31, 2023	4,100,000		$0.09
	Exercisable, end of period	$3,100,000		-

	Warrants	Weighted Average Exercise Price
Outstanding, beginning of year	-	$  -
Granted	600,000	0.50
Forfeited	-	-
Outstanding, end of year	600,000	$ 0.50
Exercisable, end of year	600,000

Schedule of warrants outstanding

		Exercise		Number		Number		Weighted Average		Intrinsic
Warrants		Price		Exercisable		Outstanding		Remaining Life		Value
600,000		$ 0.01		600,000		600,000		4.5 years		$  -
1,000,000		$ 0.01		-		1,000,000		4.7 years		$ 150,000
400,000		$ 0.01		400,000		400,000		4.5 years		$ 243,250
2,100,000		$ 0.10		2,100,000		2,100,000		4.9 years		$  99,184
2,100,000		$ 0.10		-		-		5 years		$  -

Warrants	Exercise price	Number Exercisable	Number Outstanding	Weighted Average Remaining Life	Intrinsic Value
600,000	$ 0.50	600,000	600,000	5 years	Amount is negligible

X

- Definition

Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-1

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