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Financial Liabilities (Tables)
 12 Months Ended
Jun. 30, 2024
Schedule of 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 
Schedule of Convertible Notes held by Investors

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%