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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
12 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
SCHEDULE OF TRANSACTION EXCHANGE RATES

As of June 30, 2023 and 2022, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

 

   June 30, 2023   June 30, 2022 
Exchange rate on balance sheet dates          
USD : AUD exchange rate   0.6664    0.6915 
           
Average exchange rate for the period          
USD : AUD exchange rate   0.6732    0.7253 
SCHEDULE OF ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS

Change in Accumulated Other Comprehensive Income (Loss) by component during the years ended June 30, 2023 and 2022 were as follows:

 

   Foreign
Currency Items:
 
Beginning balance, June 30, 2021  $1,085,204 
Foreign currency translation gain   149,345 
Balance, June 30, 2022   1,234,549 
Foreign currency translation gain   60,327 
Ending balance, June 30, 2023  $1,294,876 

SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVE

The estimated useful lives are as follows:

 

Machinery and equipment - 5 years
Furniture - 7 years
SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS

   June 30, 2023   June 30, 2022 
         
Stock Options   0.06    0.06 
Warrants with no designations   90    105 
Series A Warrants as if converted at alternate cashless exercise prices   1,996,625,990    - 
Series B Warrants   16    - 
Series C Warrants as if converted at alternate cashless exercise prices *   9,473,999,953    - 
Unvested restricted stock units   0.06    0.06 
Convertible Debt   5,991,195    127,062 
Total   11,476,617,244.12    127,167.12 

 

* Only convertible ratably upon exercise of Series B Warrants