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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME TAX PROVISION

The reconciliation of income tax expense computed at the U.S. federal statutory rate of 21% to the income tax provision for the years ended June 30, 2023 and 2022 is as follows:

SCHEDULE OF INCOME TAX PROVISION

US		June 30, 2023				June 30, 2022
		Year Ended
US		June 30, 2023				June 30, 2022
Loss before Income taxes		$	(2,790,407	)		$	(2,658,087	)
Taxes under statutory US tax rates		$	(585,986	)		$	(558,198	)
Increase (decrease) in valuation allowance			861,178				339,334
Prior period adjustment			(218,947	)			-
Foreign tax rate differential			(60,316	)			(64,349	)
Income tax rate change			-				272,008
Other			4,071				11,205
Income tax (expense) benefit		$	-			$	-

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

		June 30, 2023				June 30, 2022
		Year Ended
		June 30, 2023				June 30, 2022
Deferred tax assets
Warrant Derivative Liability		$	7,403			$	7,403
Accrued Expenses			478,273				363,873
Prepaid Investor Services			575,021				427,318
Non-cash interest			758,797				709,936
Intangibles (Intellectual Property and Patent Cost)			321,557				293,260
Deferred Rent			4,550				4,198
Formation Expense			6,553				6,553
Net Operating Loss carryforward			8,910,873				8,759,357
Foreign Exchange Loss (OCI)			(39,379	)			(39,379	)
Revalue of derivative liability			572,141				460,772
Stock Based Compensation			84,028				84,028
Total Deferred tax assets		$	11,679,818			$	11,077,318
Deferred tax liabilities
Research and Development		$	(202,568	)		$	(170,435	)
Gain on extinguishment of debt			47,393				(259,470	)
Capital Raising Costs			(369,033	)			(352,981	)
Total deferred tax liabilities		$	(524,208	)		$	(782,886	)
Net deferred tax assets		$	11,155,610			$	10,294,432
Valuation allowance			(11,155,610	)			(10,294,432	)
Net deferred tax assets		$	-			$	-

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

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