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Financial Liabilities | 12 Months Ended
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Jun. 30, 2024
Financial Liabilities | Note 21. Financial Liabilities Schedule of Financial Liabilities
|  | 2024 ($) |  |  | 2023 ($) |
Convertible note payable - Current |  |  | - |  |  |  | 25,331,307 |
Convertible note payable – Non Current |  |  | - |  |  |  | 10,273,278 |
Total Financial Liabilities |  |  | - |  |  |  | 35,604,585 |
Host Liability - Current |  |  | - |  |  |  | 16,567,450 |
Host Liability – Non Current |  |  | - |  |  |  | 342,406 |
Derivative liability -Current |  |  | - |  |  |  | 8,763,857 |
Derivative liability - Non Current |  |  | - |  |  |  | 9,930,872 |
Total Convertible Notes Payable |  |  | - |  |  |  | 35,604,585 |
The convertible notes issued by the Company have been split into the debt liability and a derivative component. The fair value of the Financial Liabilities for the host liability and the derivative liability has been determined using a combination of Monte Carlo Simulation (MCS) and Black-Scholes model (BSM). During the reporting period Series A – July 21 matured and converted to equity on 7 July 2023, while Series A, Series A – Aug 21, Series B1, Series B2 and Series A Extension matured and converted to equity on 31 December 2023. During the reporting period the Company issued two additional Convertible Notes for the acquisition of Mixed Martial Arts LLC and Steppen. Mixed Martial Arts LLC, Steppen, Reach and Private Placement convertible notes converted to equity or were redeemed for cash on March 28, 2024, on successful listing on the NYSE by the Company, as per the conversion date in the table below. Convertible notes held by investors in the reporting period are summarized below: Schedule of Convertible Notes held by Investors
Series A Key Terms of this Series A convertible notes are as follows |  |  |
Issue date |  |  | 23-Dec-20 |
Pre Modification Maturity Date |  |  | 23-Dec-22 |
Modification Date |  |  | 1-Dec-22 |
Modified Maturity Date |  |  | 31-Dec-23 |
Conversion Date |  |  | 31 -Dec 23 |
Term (Years) |  |  | 2.0 |
Face Value |  |  | 7,319,818 |
Interest Rate |  |  | 8.5 | %
Conversion Discount (Qualified Equity Investment) |  |  | 20.0 | %
Note 21. - Financial Liabilities - continued
Series A – July 21 |  |  |
Key Terms of this Series A convertible notes are as follows |  |  |
Issue Date |  |  | 7-Jul-21 |
Maturity Date |  |  | 7-Jul-23 |
Conversion Date |  |  | 7-Jul-23 |
Term (Years) |  |  | 2.0 |
Face Value |  |  | 525,000 |
Interest Rate |  |  | 8.5 | %
Conversion Discount (Qualified Equity Investment) |  |  | 20.0 | %
Series A – August 21 |  |  |
Key Terms of this Series A convertible notes are as follows |  |  |
Issue Date |  |  | 20-Aug-21 |
Pre Modification Maturity Date |  |  | 9 -Dec-22 |
Modification Date |  |  | 1-Dec-22 |
Modified Maturity Date |  |  | 31-Dec-23 |
Conversion Date |  |  | 31-Dec-23 |
Term (Years) |  |  | 1.3 |
Face Value |  |  | 172,000 |
Interest Rate |  |  | 8.5 | %
Conversion Discount (Qualified Equity Investment) |  |  | 20.0 | %
Series B1 |  |  |
Key Terms of this Series B1 convertible notes are as follows |  |  |
Issue Date |  |  | 15-Dec-21 |
Pre Modification Maturity Date |  |  | 15-Dec-23 |
Modification Date |  |  | 1-Dec-22 |
Modified Maturity Date |  |  | 31-Dec-23 |
Conversion Date |  |  | 31.Dec-23 |
Term (Years) |  |  | 2.0 |
Face Value |  |  | 4,982,652 |
Interest Rate |  |  | 8.5 | %
Conversion Discount (Qualified Equity Investment) |  |  | 20.0 | %
Note 21. Financial Liabilities - continued
Series B2 |  |  |
Key Terms of this Series B2 convertible notes are as follows |  |  |
Issue Date |  |  | 1-July-22 |
Pre Modification Maturity Date |  |  | 30-June-24 |
Modification Date |  |  | 1-Dec-22 |
Modified Maturity Date |  |  | 31-Dec-23 |
Conversion Date |  |  | 31-Dec-23 |
Term (Years) |  |  | 2.0 |
Face Value |  |  | 671,284 |
Interest Rate |  |  | 10 | %
Conversion Discount (Qualified Equity Investment) |  |  | 20.0 | %
A Extension |  |  |
Key Terms of this Series A Extension convertible notes are as follows |  |  |
Issue Date |  |  | 16-Nov-22 |
Maturity Date |  |  | 31-Dec-23 |
Conversion Date |  |  | 31-Dec-23 |
Term (Years) |  |  | 1.1 |
Face Value |  |  | 1,571,873 |
Interest Rate |  |  | 15 | %
Conversion Discount (Qualified Equity Investment) |  |  | 25 | %
Reach |  |  |
Key Terms of this Reach convertible notes are as follows |  |  |
Issue Date |  |  | 13-Feb-23 |
Maturity Date |  |  | 13-Feb-25 |
Conversion Date ** |  |  | 28-Mar-24 |
Term (Years) |  |  | 2.0 |
Face Value* |  |  | 3,195,000 |
Interest Rate |  |  | 15 | %
Conversion Discount (Qualified Equity Investment) |  |  | 20 | %
* | $3,025,841 of Reach convertible notes, inclusive of accrued interest, were rolled into the Private Placement on June 9, 2023.
** | $1,029,617 was redeemed for cash, the remaining Reach notes were converted to equity.
Note 21. Financial Liabilities - continued
Private Placement |  |  |
Key Terms of this Private Placement convertible notes are as follows |  |  |
Issue Date |  |  | 9-June-23 |
Maturity Date |  |  | 9-June-25 |
Conversion Date |  |  | 28-Mar-24 |
Term (Years) |  |  | 2.0 |
Face Value |  |  | 9,215,591 |
Interest Rate |  |  | 10 | %
Conversion Discount (Qualified Equity Investment) |  |  | 30 | %
Mixed Martial Arts LLC |  |  |
Key Terms of this Mixed Martial Arts LLC convertible note are as follows |  |  |
Issue Date |  |  | 26-Oct-23 |
Maturity Date |  |  | 9-June-25 |
Conversion Date |  |  | 28-Mar-24 |
Term (Years) |  |  | 1.6 |
Face Value |  |  | 384,750 |
Interest Rate |  |  | 10 | %
Conversion Discount (Qualified Equity Investment) |  |  | 25 | %
Steppen |  |  |
Key Terms of this Steppen convertibles note are as follows |  |  |
Issue Date |  |  | 20-Sept-23 |
Maturity Date |  |  | 9-June-25 |
Conversion Date |  |  | 28-Mar-24 |
Term (Years) |  |  | 1.7 |
Face Value |  |  | 100,00 |
Interest Rate |  |  | 10 | %
Conversion Discount (Qualified Equity Investment) |  |  | 25 | %

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