XML 11 R2.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Jun. 30, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 259,328 $ 239,473
Other receivables, net 1,500,332 5,500,332
Prepayments 8,869,509 10,307,226
Total current assets 10,629,169 16,047,031
NON-CURRENT ASSETS    
Plant and equipment, net 10,428 17,028
Intangible assets, net 19,386,083 13,966,083
Right-of-use asset 158,251
Prepayments - non-current 1,723 12,061
Total non-current assets 19,556,485 13,995,172
Total assets 30,185,654 30,042,203
CURRENT LIABILITIES:    
Accounts payable 3,270,945 3,270,945
Other payables and accrued liabilities 2,545,232 1,474,823
Other payables - related parties 731,216 580,000
Lease liability - current 141,838
Convertible notes payable, net of debt issuance costs of $27,716 1,072,284
Total current liabilities 7,761,515 5,325,768
NON-CURRENT LIABILITIES:    
Lease liability - non-current 59,520
Total non-current liabilities 59,520
Total liabilities 7,821,035 5,325,768
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Additional paid-in-capital 228,331,790 213,146,190
Deferred stock compensation (1,671,330) (3,857,367)
Accumulated deficit (206,344,281) (185,220,028)
Total shareholders’ equity 22,364,619 24,716,435
Total liabilities and shareholders’ equity 30,185,654 30,042,203
Class A Ordinary Shares    
SHAREHOLDERS’ EQUITY:    
Ordinary shares, value [1] 2,000,440 599,640
Class B Ordinary Shares    
SHAREHOLDERS’ EQUITY:    
Ordinary shares, value [1] 48,000 48,000
Related Party    
CURRENT LIABILITIES:    
Other payables - related parties $ 731,216 $ 580,000
[1] Giving retroactive effect to the 40-for-1 reverse share split on September 26, 2022 and the alteration of the authorized issued share capital from ordinary shares into Class A and Class B ordinary shares on March 24, 2023