INTERIM CONDENSED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2022 |
Mar. 31, 2021 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| REVENUE | ||||
| Consulting fees | $ 0 | $ 900 | $ 1,050 | $ 4,700 |
| Subscription services | 2,500 | 0 | 2,500 | 0 |
| Total Revenue | 2,500 | 900 | 3,550 | 4,700 |
| OPERATING EXPENSES | ||||
| Adverting and promotion | 30,407 | 11,062 | 120,690 | 30,607 |
| Amortization | 1,238 | 0 | 1,562 | 0 |
| Contractors and consultants | 159,562 | 3,400 | 399,813 | 3,400 |
| Interest and bank charges | 346 | 3,814 | 6,082 | 5,547 |
| Insurance | 0 | 0 | 6,920 | 0 |
| Investor relations and shareholder communication | 59,136 | 2,749 | 180,064 | 5,498 |
| Legal and accounting | 45,435 | 17,820 | 197,442 | 101,810 |
| Management fees | 29,250 | 49,500 | 156,750 | 106,000 |
| Office and administration | 232 | 1,107 | 6,770 | 3,357 |
| Share based compensation | 386,449 | 0 | 386,449 | 0 |
| Software subscription and platform costs | 19,348 | 0 | 53,738 | 0 |
| Subscriptions and dues | 176 | 283 | 3,331 | 579 |
| Transfer agent and filing fees | 10,805 | 35,250 | 32,009 | 44,246 |
| Travel, meals and entertainment | 8,434 | 750 | 20,775 | 1,242 |
| Wages and benefits | 121,110 | 0 | 272,773 | 0 |
| TOTAL OPERATING EXPENSES | 874,018 | 125,735 | 1,845,168 | 302,286 |
| LOSS FROM OPERATIONS | (871,518) | (124,835) | (1,841,618) | (297,586) |
| OTHER INCOME (EXPENSE) | ||||
| Accretion expense | 0 | (59,213) | (66,132) | (71,724) |
| Financing fees | 0 | (15,482) | 0 | (26,966) |
| TOTAL OTHER INCOME (EXPENSE) | 0 | (74,695) | (66,132) | (98,690) |
| NET LOSS | $ (871,518) | $ (199,530) | $ (1,907,750) | $ (396,276) |
| BASIC AND DILUTED LOSS PER COMMON SHARE | $ (0.04) | $ (0.02) | $ (0.09) | $ (0.03) |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 19,412,280 | 13,152,503 | 22,440,139 | 12,964,601 |
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- References No definition available.
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- Definition Amount of fees and commissions from financial services and banking activities and correspondent clearing. Includes fees from depositor accounts, credit cards, merchant discounts, and fiduciary and trust activities, guarantee fees, investment advisory, man No definition available.
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- References No definition available.
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- Definition Amount, before accumulated amortization, of right-of-use asset from finance lease. No definition available.
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- Definition The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. No definition available.
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for administrative services provided to the limited liability company (LLC) or limited partnership (LP) by the managing member or general partner, affiliate of managing member or general partner, or affiliate of LLC or LP, for example, but not limited to, salaries, rent, or overhead costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of paid and unpaid cash, stock, and paid-in-kind dividends declared for award under share-based payment arrangement. No definition available.
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- Definition Represents total insurance tax expense reflected in the income statement for each period presented. No definition available.
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- Definition The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses related to the managing member or general partner for management of the day-to-day business functions of the limited liability company (LLC) or limited partnership (LP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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