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Fair Value Measurements (Tables) | 6 Months Ended
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Dec. 31, 2019
Fair Value Disclosures [Abstract] |
Schedule of Estimated Fair Value of Derivative Liability | At December 31, 2019, the estimated fair value of derivative liabilities measured on a recurring basis are as follows:
|  | Fair Value Measurements at
|  | December 31, 2019
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Derivative liability - Warrants |  | $ | — |  |  | $ | — |  |  | $ | 2,674,000 |  |  | $ | 2,674,000 |
Derivative liability -Conversion option on convertible debenture |  |  | — |  |  |  | — |  |  |  | 573,200 |  |  |  | 573,200 |
Total derivatives |  | $ | — |  |  | $ | — |  |  | $ | 3,247,200 |  |  | $ | 3,247,200 |
Schedule of Liabilities Measured at Fair Value | The following table presents the activity for liabilities measured at fair value using unobservable inputs for the six months ended December 31, 2019:
|  | Derivative liabilities - Warrants |  | Derivative liability - Conversion Option on Convertible Debenture
Beginning balance at July 1, 2019 |  | $ | — |  |  | $ | — |
Additions to level 3 liabilities |  |  | 8,367,012 |  |  |  | 2,638,966 |
Change in in fair value of level 3 liability |  |  | (257,288 | ) |  |  | (105,298 | )
Transfer in and/or out of Level 3 |  |  | — |  |  |  | — |
Balance at September 30, 2019 |  |  | 8,109,724 |  |  |  | 2,533,668 |
Additions to level 3 liabilities |  |  | — |  |  |  | — |
Change in in fair value of level 3 liability |  |  | (5,435,724 | ) |  |  | (1,960,468 | )
Transfer in and/or out of Level 3 |  |  | — |  |  |  | — |
Balance at December 31, 2019 |  | $ | 2,674,000 |  |  | $ | 573,200 |

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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