Cover
Cover | 6 Months Ended |
Dec. 31, 2022 shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Quarterly Report | true |
Document Transition Report | false |
Document Period End Date | Dec. 31, 2022 |
Document Fiscal Period Focus | Q2 |
Document Fiscal Year Focus | 2023 |
Current Fiscal Year End Date | --06-30 |
Entity File Number | 333-197692 |
Entity Registrant Name | STAR ALLIANCE INTERNATIONAL CORP. |
Entity Central Index Key | 0001614556 |
Entity Tax Identification Number | 37-1757067 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 5743 Corsa Avenue |
Entity Address, Address Line Two | Suite 218 |
Entity Address, City or Town | Westlake Village |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 91362 |
City Area Code | 833 |
Local Phone Number | 443-7827 |
Title of 12(b) Security | Common |
Trading Symbol | STAL |
Entity Current Reporting Status | No |
Entity Interactive Data Current | No |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 200,298,595 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 |
Current assets: | ||
Cash | $ 2,088 | $ 71,724 |
Prepaids and other assets | 400,000 | 547,350 |
Prepaid stock for services | 0 | 1,813,854 |
Total current assets | 402,088 | 2,432,928 |
Property and equipment | 1,650,000 | 450,000 |
Intangible assets | 15,250,000 | 0 |
Mining claims | 57,532 | 57,532 |
Total other assets | 16,957,532 | 507,532 |
Total Assets | 17,359,620 | 2,940,460 |
Current liabilities: | ||
Accounts payable | 65,171 | 52,760 |
Accrued expenses | 54,425 | 25,961 |
Accrued expenses–related party | 6,991 | 0 |
Loan payable – related party | 42,000 | 0 |
Accrued compensation | 309,777 | 212,428 |
Notes payable | 5,791,190 | 119,215 |
Convertible notes payable, net of discount of $31,249 and $191,248, respectively | 443,751 | 323,752 |
Derivative liability | 1,085,990 | 689,231 |
Note payable – former related party | 32,000 | 32,000 |
Due to former related party | 42,651 | 42,651 |
Total current liabilities | 7,873,946 | 1,497,998 |
Total Liabilities | 7,873,946 | 1,497,998 |
Stockholders’ Equity (Deficit): | ||
Common stock, $0.001 par value, 500,000,000 shares authorized, 191,849,360 and 162,788,028 shares issued and outstanding, respectively | 191,849 | 162,788 |
Additional paid-in capital | 23,314,844 | 16,384,983 |
Series D preferred stock to be issued | 10,650,000 | 0 |
Stock subscription receivable | (56,250) | (50,000) |
Accumulated deficit | (24,617,811) | (15,058,400) |
Total stockholders’ equity (deficit) | 9,485,674 | 1,442,462 |
Total liabilities and stockholders’ deficit | 17,359,620 | 2,940,460 |
Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock, value | 0 | 0 |
Series A Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock, value | 1,000 | 1,000 |
Series B Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock, value | 1,883 | 1,883 |
Series C Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred stock, value | $ 159 | $ 208 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 |
Discount | $ 31,249 | $ 191,248 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 191,849,360 | 162,788,028 |
Common stock, shares outstanding | 191,849,360 | 162,788,028 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 1,000,000 | 1,000,000 |
Preferred stock, shares outstanding | 1,000,000 | 1,000,000 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,900,000 | 1,900,000 |
Preferred stock, shares issued | 1,833,000 | 1,833,000 |
Preferred stock, shares outstanding | 1,833,000 | 1,833,000 |
Series C Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 158,000 | 207,500 |
Preferred stock, shares outstanding | 158,000 | 207,500 |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Operating expenses: | ||||
General and administrative | $ 310,158 | $ 1,039,338 | $ 878,602 | $ 1,048,400 |
General and administrative – related party | 0 | 1,500 | 0 | 3,000 |
Professional fees | 67,000 | 11,020 | 67,000 | 13,020 |
Consulting | 514,718 | 188,362 | 1,094,093 | 188,362 |
Director compensation | 197,400 | 30,000 | 4,607,400 | 60,000 |
Officer compensation | 45,000 | 45,000 | 1,490,000 | 90,000 |
Total operating expenses | 1,134,276 | 1,315,220 | 8,137,095 | 1,402,782 |
Loss from operations | (1,134,276) | (1,315,220) | (8,137,095) | (1,402,782) |
Other expense | ||||
Interest expense | (67,855) | (1,182) | (203,510) | (2,064) |
Loss on conversion of preferred stock | (758,124) | 0 | (758,124) | 0 |
Change in fair value of derivative | (222,477) | 0 | (460,682) | 0 |
Total other expense | (1,048,456) | (1,182) | (1,422,316) | (2,064) |
Loss before provision for income taxes | (2,182,732) | (1,316,402) | (9,559,411) | (1,404,846) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net loss | $ (2,182,732) | $ (1,316,402) | $ (9,559,411) | $ (1,404,846) |
STATEMENTS OF OPERATIONS (Una_2
STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Statement [Abstract] | ||||
Earnings Per Share, Basic | $ (0.01) | $ 0 | $ (0.05) | $ 0 |
Earnings Per Share, Diluted | $ (0.01) | $ 0 | $ (0.05) | $ 0 |
Weighted Average Number of Shares Outstanding, Basic | 186,600,326 | 112,193,103 | 177,936,989 | 135,573,180 |
Weighted Average Number of Shares Outstanding, Diluted | 186,600,326 | 112,193,103 | 177,936,989 | 135,573,180 |
STATEMENT OF CHANGES IN STOCKHO
STATEMENT OF CHANGES IN STOCKHOLDER'S DEFICIT (Unaudited) - USD ($) | Series A Preferred Stocks [Member] | Series B Preferred Stocks [Member] | Series C Preferred Stocks [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Stock Subscription Receivable [Member] | Common Stock And Preferred Stock To Be Issued [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Jun. 30, 2021 | $ 1,000 | $ 1,883 | $ 124,320 | $ 2,793,609 | $ (20,000) | $ 41,633 | $ (3,172,791) | $ (230,346) | |
Beginning balance, shares at Jun. 30, 2021 | 1,000,000 | 1,833,000 | 124,319,584 | ||||||
Stock sold for cash | $ 10,790 | 574,210 | (550,000) | (35,000) | |||||
Stock sold for cash, shares | 10,790,000 | ||||||||
Stock issued for services | $ 4 | 19,996 | 20,000 | ||||||
Stock issued for services, shares | 4,444 | ||||||||
Net loss | (88,444) | (88,444) | |||||||
Ending balance, value at Sep. 30, 2021 | $ 1,000 | $ 1,883 | $ 135,114 | 3,387,815 | (570,000) | 6,633 | (3,261,235) | (298,790) | |
Ending balance, shares at Sep. 30, 2021 | 1,000,000 | 1,833,000 | 135,114,028 | ||||||
Stock sold for cash | $ 300 | 29,700 | (10,000) | 19,000 | 39,000 | ||||
Stock sold for cash, shares | 300,000 | ||||||||
Cash not collectible | (520,000) | 520,000 | |||||||
Stock issued for services | $ 2,562 | 3,951,738 | 2,000,000 | 5,954,300 | |||||
Stock issued for services, shares | 2,562,000 | ||||||||
Net loss | (1,316,402) | (1,316,402) | |||||||
Ending balance, value at Dec. 31, 2021 | $ 1,000 | $ 1,883 | $ 137,976 | 6,849,253 | (60,000) | 2,025,633 | (4,577,637) | 4,378,108 | |
Ending balance, shares at Dec. 31, 2021 | 1,000,000 | 1,833,000 | 137,976,029 | ||||||
Beginning balance, value at Jun. 30, 2022 | $ 1,000 | $ 1,883 | $ 208 | $ 162,788 | 16,384,983 | (50,000) | (15,058,400) | 1,442,462 | |
Beginning balance, shares at Jun. 30, 2022 | 1,000,000 | 1,833,000 | 207,500 | 162,788,028 | |||||
Preferred stock sold for cash | $ 47 | 46,453 | 46,500 | ||||||
Preferred stock sold for cash, shares | 46,500 | ||||||||
Stock sold for cash | $ 50 | 6,200 | (6,250) | ||||||
Stock sold for cash, shares | 50,000 | ||||||||
Stock issued for services – related party | $ 20,000 | 5,730,000 | 5,750,000 | ||||||
Stock issued for services related party, shares | 20,000,000 | ||||||||
Net loss | (7,376,679) | (7,376,679) | |||||||
Ending balance, value at Sep. 30, 2022 | $ 1,000 | $ 1,883 | $ 255 | $ 182,838 | 22,167,636 | (56,250) | (22,435,079) | (137,717) | |
Ending balance, shares at Sep. 30, 2022 | 1,000,000 | 1,833,000 | 254,000 | 182,838,028 | |||||
Beginning balance, value at Jun. 30, 2022 | $ 1,000 | $ 1,883 | $ 208 | $ 162,788 | 16,384,983 | (50,000) | (15,058,400) | 1,442,462 | |
Beginning balance, shares at Jun. 30, 2022 | 1,000,000 | 1,833,000 | 207,500 | 162,788,028 | |||||
Ending balance, value at Dec. 31, 2022 | $ 1,000 | $ 1,883 | $ 159 | $ 191,849 | 23,314,844 | (56,250) | 10,650,000 | (24,617,811) | 9,485,674 |
Ending balance, shares at Dec. 31, 2022 | 1,000,000 | 1,833,000 | 158,000 | 191,849,360 | |||||
Beginning balance, value at Sep. 30, 2022 | $ 1,000 | $ 1,883 | $ 255 | $ 182,838 | 22,167,636 | (56,250) | (22,435,079) | (137,717) | |
Beginning balance, shares at Sep. 30, 2022 | 1,000,000 | 1,833,000 | 254,000 | 182,838,028 | |||||
Preferred stock sold for cash | $ 58 | 50,692 | 50,750 | ||||||
Preferred stock sold for cash, shares | 57,750 | ||||||||
Preferred stock converted to common stock | $ (154) | $ 4,448 | 762,251 | 766,545 | |||||
Preferred stock converted to common stock, shares | (153,750) | 4,447,871 | |||||||
Stock issued for conversion of debt | $ 1,538 | 102,385 | 103,923 | ||||||
Stock issued for conversion of debt, shares | 1,538,461 | ||||||||
Stock issued for services – related party | $ 1,000 | 164,000 | 165,000 | ||||||
Stock issued for services related party, shares | 1,000,000 | ||||||||
Stock issued for services | $ 2,025 | 67,880 | 69,905 | ||||||
Stock issued for services, shares | 2,025,000 | ||||||||
Preferred stock issued for asset acquisitions | 10,650,000 | 10,650,000 | |||||||
Net loss | (2,182,732) | (2,182,732) | |||||||
Ending balance, value at Dec. 31, 2022 | $ 1,000 | $ 1,883 | $ 159 | $ 191,849 | $ 23,314,844 | $ (56,250) | $ 10,650,000 | $ (24,617,811) | $ 9,485,674 |
Ending balance, shares at Dec. 31, 2022 | 1,000,000 | 1,833,000 | 158,000 | 191,849,360 |
STATEMENTS OF CASH FLOWS (Unaud
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (9,559,411) | $ (1,404,846) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Prepaid stock issued for services | 1,813,853 | 0 |
Common stock issued for services - related party | 5,915,000 | 0 |
Common stock issued for services | 69,905 | 1,219,196 |
Change in fair value of derivative | 460,682 | 0 |
Debt discount amortization | 159,999 | 0 |
Loss on conversion of preferred stock | 758,124 | 0 |
Changes in assets and liabilities: | ||
Prepaids and other assets | 47,350 | 0 |
Accounts payable | 12,411 | 5,370 |
Accrued expenses | 36,886 | 7,964 |
Accrued expenses – related party | 6,991 | 0 |
Accrued compensation | 97,349 | 132,270 |
Net cash used in operating activities | (180,861) | (40,046) |
CASH FLOWS FROM INVESTING ACTIVITIES: | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds of borrowings from a related party | 42,000 | 24,550 |
Proceeds from the sale of common stock | 0 | 39,000 |
Proceeds from the sale of preferred stock | 97,250 | 0 |
Payment on notes payable | (28,025) | (20,000) |
Net cash provided by financing activities | 111,225 | 43,550 |
Net change in cash | (69,636) | 3,504 |
Cash at the beginning of period | 71,724 | 6,789 |
Cash at the end of period | 2,088 | 10,293 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | 0 | 0 |
NON-CASH TRANSACTIONS: | ||
Common stock issued for prepaid services | 0 | 4,755,104 |
Series D preferred stock issued for asset acquisitions | $ 10,650,000 | $ 0 |
NATURE OF BUSINESS
NATURE OF BUSINESS | 6 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF BUSINESS | NOTE 1 – NATURE OF BUSINESS Star Alliance International Corp. (“the Company”, “we”, “us”) was originally incorporated with the name Asteriko Corp. in the State of Nevada on April 17, 2014 under the laws of the state of Nevada, for the purpose of acquiring and developing gold mining as well as certain other mining properties worldwide and environmentally safe technologies both in mining and other business areas. |
SIGNIFICANT AND CRITICAL ACCOUN
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES | 6 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES | NOTE 2 – SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year, as reported in the Form 10-K for the fiscal year ended June 30, 2022, have been omitted. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2022: Schedule Of Fair Value, Liabilities Measured on Recurring Basis At December 31, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 1,085,990 Total $ – $ – $ 1,085,990 At June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231 |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying unaudited financial statements, the Company has an accumulated deficit of $ 24,617,811 9,559,411 9,177,563 180,861 The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily operations. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern. |
ACQUISITIONS
ACQUISITIONS | 6 Months Ended |
Dec. 31, 2022 | |
Business Combination and Asset Acquisition [Abstract] | |
ACQUISITIONS | NOTE 4 – ACQUISITIONS On December 15, 2021, the Company signed a definitive agreement to purchase 51 This project, that runs along a 12.5 mile stretch of the Rio Jalan River, is a peaceful agrarian area, with only farmers and ranchers in the nearby five villages. The environmental licenses have been obtained and exploration is ongoing. The mines will be producing gold early in 2022 and will be expanded early next year. Local small mining operations are producing a minimum of 250 to 300 oz of gold per site per month while losing approximately 50% of the recoverable gold particles. Our expanded operations, using modern equipment and our new Genesis program, should result in up to a 98% rate of recoverable gold, leading to significantly higher quantities of gold per site. As an important part of this transaction, STAR has agreed to continue the distribution of aid to the five local villages with 2% of mining profits per village to be used for expanded school facilities, a medical center, college scholarships and a community center to be used by adults and kids alike. Additional projects, beneficial to the community, may be considered in the future. Gold resources are in excess of 1 million oz. This estimate came from a limited appraisal of the area in which the mines are located. This acquisition become effective in January, 2022. The Company has issued to date 250,000 75,000 On May 9, 2022, a binding letter of intent was signed for the acquisition of 51 On May 11, 2022, a binding letter of intent was signed for the acquisition of 51 On May 23, 2022, a binding letter of intent was signed for the acquisition of 75 On December 17, 2022, Star has completed the purchase of the Barotex™ patent, trade mark, equipment and inventory. The operations will be run through a new subsidiary Magma International, Inc. Star has an option to purchase the 76,000 square foot building, that is the Barotex manufacturing plant. The patent is for a fiber known as “Barotex”. Barotex is manufactured from igneous rock, is seven times stronger than steel and stronger than wood, aluminum, fiber glass, carbon fiber and Kevlar. It weighs 50% less than fiber glass and is impervious to chemicals and seawater and does not rust. It can be used in multiple industries including building materials replacing steel beams, rebar, metal mesh drywall and wood joists. It offers more protection on armored vehicles, flak jackets etc. than more traditional materials like steel, Kevlar and other materials. Our fibers reduce pollution when replacing steel, aluminum, fiberglass, Kevlar and carbon fiber while saving rainforests when used in place of wood. Our fibers do not burn and will melt (like wax) at temperatures 1200 Fahrenheit and above. It will not burn. The purchase price for the Patents, trade mark and know how is $ 10 million $ 100,000 $ 50,000 $4,850,000 to be paid in annual payments. $500,000 to be paid by June 30, 2023 and $750,000 thereafter due by June 30 in each year ended June 30 with the final payment of $600,000 due by June 30, 2029. 7,500,000 250,000 2,500,000 Twenty five percent (25%) of the issued share capital of Magma International, Inc. In addition, Lilo Benzicron will receive a royalty on sales annually of 2% of gross sales up to $50 million, 1.5% of the next $50 million gross sales and 1% thereafter. The purchase price for the equipment and inventory was $ 1.2 $ 50,000 $ 350,000 $ 400,000 1,500,000 shares of common stock to be issued as security for the $350,000 payment. If Star makes the payment timely, these shares will be returned to treasury. 250,000 |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 6 Months Ended |
Dec. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
INTANGIBLE ASSETS | NOTE 5 – INTANGIBLE ASSETS Intangible assets, net, consist of the following: Schedule of intangible assets December 31, 2022 Intellectual Property $ 15,250,000 Once operations utilizing the intellectual property have begun, the Company will begin amortization of the asset. The Company has recorded the full value of the acquisition as intangible assets. The Company is currently assessing if any further breakdown of assets is necessary. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 6 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 6 – PROPERTY AND EQUIPMENT Long lived assets, including property and equipment assets to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Property and equipment are first recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the various classes of assets. Maintenance and repair expenses, as incurred, are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income. Assets stated at cost, less accumulated depreciation consisted of the following: Schedule of property, plant and equipment December 31 June 30, Mine Assets $ 450,000 $ 450,000 Property & Equipment: Barotex Equipment 1,200,000 – Total $ 1,650,000 $ 450,000 Once operations utilizing the property and equipment have begun, the Company will begin depreciation of the assets. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 7 – RELATED PARTY TRANSACTIONS On January 1, 2021, the employment agreements for Richard Carey and Anthony Anish were updated to include salaries of $180,000 and $120,000 per annum respectively. As of December 31, 2022, the Company has accrued compensation due to Mr. Carey of $ 113,349 136,428 52,600 99,828 60,000 Mr. Carey is using his personal office space at no cost to the Company. On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On November 17, 2022, Our Chairman, Mr. Carey sold 4 million 42,000 On December 5, 2022, the Company issued 1,000,000 0.165 165,000 |
NOTES PAYABLE
NOTES PAYABLE | 6 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE | NOTE 8 – NOTES PAYABLE As of December 31, 2022 and June 30, 2022, the Company owed Kok Chee Lee, the former CEO and Director of the Company, $ 42,651 42,651 On June 1, 2018, the Company executed a promissory note in the amount of $ 32,000 5 December 1, 2018 7,362 6,562 As of December 31, 2022 and June 30, 2022, the Company owes various other individuals and entities $ 98,690 119,215 |
CONVERTIBLE NOTES
CONVERTIBLE NOTES | 6 Months Ended |
Dec. 31, 2022 | |
Convertible Notes | |
CONVERTIBLE NOTES | NOTE 9 - CONVERTIBLE NOTES On March 28, 2022, we received short term financing from a private investor under a 10% Fixed Convertible Secured Promissory Note in the principal amount of $ 400,000 10 On June 8, 2022, the Company executed a 10 price per share equal to the 65% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days up to the date on which lender elects to convert all or part of the Note. A summary of the activity of the derivative liability for the notes above is as follows: Schedule of derivative liabilities Balance at June 30, 2021 $ – Increase to derivative due to new issuances 552,517 Derivative loss due to mark to market adjustment 136,714 Balance at June 30, 2022 689,231 Decrease to derivative due to conversion (63,923 ) Derivative loss due to mark to market adjustment 460,682 Balance at December 31, 2022 $ 1,085,990 A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of December 31, 2022, is as follows: Schedule of fair value assumptions Inputs December 31, Initial Stock price $ .041 $ .24 - .42 Conversion price $ .014 - .019 $ .03 - .2995 Volatility (annual) 139.62% - 212.41% 256.36% - 381.28% Risk-free rate 4.42% – 4.69% 0.59% - 2.29% Dividend rate – – Years to maturity 0 - .44 .34 - 1 |
PREFERRED STOCK
PREFERRED STOCK | 6 Months Ended |
Dec. 31, 2022 | |
Equity [Abstract] | |
PREFERRED STOCK | NOTE 10 – PREFERRED STOCK Of the 25,000,000 0.001 1,000,000 1,900,000 1,000,000 Series A Preferred Stock Each Share of Series A preferred stock shall have 500 votes per share and each share can be converted into 500 shares of common stock. The holders of the Series A preferred stock are not entitled to dividends. On July 2, 2020, the Board granted all 1,000,000 68,556 Series B Preferred Stock Only one person or entity, is entitled to be designated as the owner of all of the Series B Preferred Stock (the “Holder”), in whose name the initial certificates representing the Series B Preferred Stock shall be issued. Any transfer of the Series B Preferred Stock to a different Holder must be approved in advance by the Corporation; provided, however, the Holder shall have the right to transfer the Series B Preferred Stock, or any portion thereof, to any affiliate of Holder or nominee of Holder, without the approval of the Corporation. Each share of Preferred Stock shall have one vote per share. Holder is not entitled to dividends or distributions and each share of Series B Preferred Stock shall be convertible at the rate of two Common Shares for each one B Preferred stock. In conjunction with the APA with Troy, the company issued 1,883,000 7,532 Series C Preferred Stock On March 30, 2022, the Company created and designated 1,000,000 1.00 During the six months ended December 31, 2022, the Company sold 104,250 104,250 During the six months ended December 31, 2022, Geneva Roth converted 153,750 4,447,781 758,124 |
COMMON STOCK
COMMON STOCK | 6 Months Ended |
Dec. 31, 2022 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 11 – COMMON STOCK During the six months ended December 31, 2022, the Company sold 50,000 6,250 During the six months ended December 31, 2022, Fast Capital converted $ 40,000 1,538,461 Refer to Note 5 for shares issued to related parties. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Dec. 31, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 12 – SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the unaudited financial statements were issued and has determined that no material subsequent events exist other than the following. 1. On January 3, 2023, the Company sold 57,750 shares of Series C Preferred shares to Geneva Roth Remark Holdings Inc. 2. On January 17, 2023, the Company sold 56,950 shares of Series C Preferred shares to Geneva Roth Remark Holdings Inc. |
SIGNIFICANT AND CRITICAL ACCO_2
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Policies) | 6 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year, as reported in the Form 10-K for the fiscal year ended June 30, 2022, have been omitted. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2022: Schedule Of Fair Value, Liabilities Measured on Recurring Basis At December 31, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 1,085,990 Total $ – $ – $ 1,085,990 At June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231 |
SIGNIFICANT AND CRITICAL ACCO_3
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Schedule Of Fair Value, Liabilities Measured on Recurring Basis | Schedule Of Fair Value, Liabilities Measured on Recurring Basis At December 31, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 1,085,990 Total $ – $ – $ 1,085,990 At June 30, 2022 Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of intangible assets | Schedule of intangible assets December 31, 2022 Intellectual Property $ 15,250,000 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
Schedule of property, plant and equipment | Schedule of property, plant and equipment December 31 June 30, Mine Assets $ 450,000 $ 450,000 Property & Equipment: Barotex Equipment 1,200,000 – Total $ 1,650,000 $ 450,000 |
CONVERTIBLE NOTES (Tables)
CONVERTIBLE NOTES (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Convertible Notes | |
Schedule of derivative liabilities | Schedule of derivative liabilities Balance at June 30, 2021 $ – Increase to derivative due to new issuances 552,517 Derivative loss due to mark to market adjustment 136,714 Balance at June 30, 2022 689,231 Decrease to derivative due to conversion (63,923 ) Derivative loss due to mark to market adjustment 460,682 Balance at December 31, 2022 $ 1,085,990 |
Schedule of fair value assumptions | Schedule of fair value assumptions Inputs December 31, Initial Stock price $ .041 $ .24 - .42 Conversion price $ .014 - .019 $ .03 - .2995 Volatility (annual) 139.62% - 212.41% 256.36% - 381.28% Risk-free rate 4.42% – 4.69% 0.59% - 2.29% Dividend rate – – Years to maturity 0 - .44 .34 - 1 |
SIGNIFICANT AND CRITICAL ACCO_4
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 |
Fair Value, Inputs, Level 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative fair value | $ 0 | $ 0 |
Fair Value, Inputs, Level 1 [Member] | Derivative [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative fair value | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative fair value | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Derivative [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative fair value | 1,085,990 | 689,231 |
Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Derivative fair value | $ 1,085,990 | $ 689,231 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Retained Earnings (Accumulated Deficit) | $ 24,617,811 | $ 24,617,811 | $ 15,058,400 | ||
Net loss | $ 2,182,732 | $ 1,316,402 | 9,559,411 | $ 1,404,846 | |
Noncash expense | 9,177,563 | ||||
Net cash used in operating activities | $ 180,861 | $ 40,046 |
ACQUISITIONS (Details Narrative
ACQUISITIONS (Details Narrative) - USD ($) | 1 Months Ended | 13 Months Ended | 78 Months Ended | |||||||
Dec. 17, 2022 | Dec. 31, 2022 | Jun. 30, 2029 | Dec. 17, 2023 | Mar. 20, 2023 | Jan. 15, 2023 | May 23, 2022 | May 11, 2022 | May 09, 2022 | Dec. 15, 2021 | |
Barotex [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Purchase price | $ 10,000,000 | |||||||||
Payment for intangible assets | 100,000 | |||||||||
Barotex payment to be paid | 50,000 | |||||||||
Debt Instrument, Payment Terms | $4,850,000 to be paid in annual payments. $500,000 to be paid by June 30, 2023 and $750,000 thereafter due by June 30 in each year ended June 30 with the final payment of $600,000 due by June 30, 2029. | |||||||||
Purchase price | $ 1,200 | |||||||||
Payments to be made for aquisition | $ 400,000 | $ 350,000 | $ 50,000 | |||||||
Series D Preferred Stock [Member] | Barotex [Member] | Purchase Of Equipment And Inventory [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Payment for intangible assets | 250,000 | |||||||||
Series D Preferred Stock [Member] | Barotex [Member] | Mepe Trust [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Payment for intangible assets | 7,500,000 | |||||||||
Series D Preferred Stock [Member] | Barotex [Member] | Klara Benzicron [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Payment for intangible assets | 250,000 | |||||||||
Series D Preferred Stock [Member] | Barotex [Member] | Lilo Benzicron [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Payment for intangible assets | 2,500,000 | |||||||||
Compania Minera Metalurgica Centro Americana [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Business acquisition percentage | 51% | |||||||||
Payments to Acquire Businesses, Gross | $ 75,000 | |||||||||
Compania Minera Metalurgica Centro Americana [Member] | Restricted Stock [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Payment for intangible assets | 250,000 | |||||||||
NSM [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Business acquisition percentage | 51% | |||||||||
NGM [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Business acquisition percentage | 51% | |||||||||
Magma International Inc [Member] | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Business acquisition percentage | 75% |
INTANGIBLE ASSETS (Details)
INTANGIBLE ASSETS (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 |
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets, net | $ 15,250,000 | $ 0 |
Intellectual Property [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets, net | $ 15,250,000 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | Dec. 31, 2022 | Jun. 30, 2022 |
Property, Plant and Equipment [Abstract] | ||
Mine Assets | $ 450,000 | $ 450,000 |
Property & Equipment: Barotex Equipment | 1,200,000 | 0 |
Total | $ 1,650,000 | $ 450,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | |||||
Dec. 05, 2022 | Aug. 15, 2022 | Nov. 17, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2022 | |
Related Party Transaction [Line Items] | |||||||
Stock Issued During Period, Value, Issued for Services | $ 69,905 | $ 5,954,300 | $ 20,000 | ||||
Fernando Godina [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Stock Issued During Period, Shares, Issued for Services | 5,000,000 | ||||||
Shares Issued, Price Per Share | $ 0.289 | ||||||
Stock Issued During Period, Value, Issued for Services | $ 1,445,000 | ||||||
Bryan Cappelli [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Stock Issued During Period, Shares, Issued for Services | 5,000,000 | ||||||
Shares Issued, Price Per Share | $ 0.289 | ||||||
Stock Issued During Period, Value, Issued for Services | $ 1,445,000 | ||||||
Weverson Correia [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Stock Issued During Period, Shares, Issued for Services | 5,000,000 | ||||||
Shares Issued, Price Per Share | $ 0.289 | ||||||
Stock Issued During Period, Value, Issued for Services | $ 1,445,000 | ||||||
Anthony Anish [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Stock Issued During Period, Shares, Issued for Services | 5,000,000 | ||||||
Shares Issued, Price Per Share | $ 0.289 | ||||||
Stock Issued During Period, Value, Issued for Services | $ 1,445,000 | ||||||
Richard Carey [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Debt Conversion, Converted Instrument, Shares Issued | 4,000,000 | ||||||
Debt Conversion, Original Debt, Amount | $ 42,000 | ||||||
Themis Caldwell [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Stock Issued During Period, Shares, Issued for Services | 1,000,000 | ||||||
Shares Issued, Price Per Share | $ 0.165 | ||||||
Stock Issued During Period, Value, Issued for Services | $ 165,000 | ||||||
Richard Carey [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Accrued compensation | 113,349 | $ 52,600 | |||||
Anthony Anish [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Accrued compensation | 136,428 | $ 99,828 | |||||
John Baird [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Accrued compensation | $ 60,000 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | 11 Months Ended | ||
Jun. 01, 2018 | Dec. 31, 2022 | Jun. 30, 2022 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Other notes payable | $ 98,690 | $ 119,215 | |
Kok Chee Lee [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Note payable | 42,651 | 42,651 | |
Former Secy Of Board [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Debt face amount | $ 32,000 | ||
Debt stated interest rate | 5% | ||
Debt maturity date | Dec. 01, 2018 | ||
Accrued interest | $ 7,362 | $ 6,562 |
CONVERTIBLE NOTES (Details - Sc
CONVERTIBLE NOTES (Details - Schedule of derivative liabilities) - USD ($) | 6 Months Ended | 12 Months Ended |
Dec. 31, 2022 | Jun. 30, 2022 | |
Convertible Notes | ||
Derivative Liability, beginning | $ 689,231 | $ 0 |
Increase to derivative due to new issuances | (63,923) | 552,517 |
Derivative loss due to mark to market adjustment | 460,682 | 136,714 |
Derivative Liability, ending | $ 1,085,990 | $ 689,231 |
CONVERTIBLE NOTES (Details - As
CONVERTIBLE NOTES (Details - Assumptions) | 2 Months Ended | 6 Months Ended |
Jun. 08, 2022 | Dec. 31, 2022 | |
Measurement Input, Share Price [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | .041 | |
Measurement Input, Share Price [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | .24 - .42 | |
Measurement Input, Conversion Price [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | .014 - .019 | |
Measurement Input, Conversion Price [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | .03 - .2995 | |
Measurement Input, Price Volatility [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | 139.62% - 212.41% | |
Measurement Input, Price Volatility [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | 256.36% - 381.28% | |
Measurement Input, Risk Free Interest Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | 4.42% – 4.69% | |
Measurement Input, Risk Free Interest Rate [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | 0.59% - 2.29% | |
Measurement Input, Discount Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | ||
Measurement Input, Discount Rate [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | ||
Measurement Input, Maturity [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | 0 - .44 | |
Measurement Input, Maturity [Member] | Initial Valuation [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivatives, Determination of Fair Value | .34 - 1 |
CONVERTIBLE NOTES (Details Narr
CONVERTIBLE NOTES (Details Narrative) - USD ($) | Jun. 08, 2022 | Mar. 28, 2022 |
10% Fixed Convertible Secured Promissory Note [Member] | ||
Debt Instrument [Line Items] | ||
Principal amount | $ 400,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 10% | |
Fast Capital LLC [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 10% |
PREFERRED STOCK (Details Narrat
PREFERRED STOCK (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||
Jul. 02, 2020 | Aug. 13, 2019 | Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | Mar. 30, 2022 | |
Class of Stock [Line Items] | |||||||
Preferred Stock, Shares Authorized | 25,000,000 | 25,000,000 | 25,000,000 | ||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | ||||
Stock Issued During Period, Value, Acquisitions | $ 10,650,000 | ||||||
Proceeds from Issuance of Preferred Stock and Preference Stock | $ 97,250 | $ 0 | |||||
Geneva Roth Remark Holdings [Member] | |||||||
Class of Stock [Line Items] | |||||||
Loss on conversion of stock | $ 758,124 | ||||||
Series A Preferred Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Preferred Stock, Shares Authorized | 1,000,000 | 1,000,000 | 1,000,000 | ||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | ||||
Preferred stock, shares designated | 1,000,000 | 1,000,000 | |||||
Series A Preferred Stock [Member] | Richard Carey [Member] | |||||||
Class of Stock [Line Items] | |||||||
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture | 1,000,000 | ||||||
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture | $ 68,556 | ||||||
Series B Preferred Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Preferred Stock, Shares Authorized | 1,900,000 | 1,900,000 | 1,900,000 | ||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | ||||
Preferred stock, shares designated | 1,900,000 | 1,900,000 | |||||
Series B Preferred Stock [Member] | Asset Purchase Agreement [Member] | |||||||
Class of Stock [Line Items] | |||||||
Stock Issued During Period, Shares, Acquisitions | 1,883,000 | ||||||
Stock Issued During Period, Value, Acquisitions | $ 7,532 | ||||||
Series C Preferred Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Preferred Stock, Shares Authorized | 1,000,000 | 1,000,000 | 1,000,000 | ||||
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 | $ 0.001 | $ 1 | |||
Preferred stock, shares designated | 1,000,000 | 1,000,000 | 1,000,000 | ||||
Series C Preferred Stock [Member] | Geneva Roth Remark Holdings [Member] | |||||||
Class of Stock [Line Items] | |||||||
Stock Issued During Period, Shares, New Issues | 104,250 | ||||||
Proceeds from Issuance of Preferred Stock and Preference Stock | $ 104,250 | ||||||
Conversion of Stock, Shares Converted | 153,750 | ||||||
Common Stock [Member] | Geneva Roth Remark Holdings [Member] | |||||||
Class of Stock [Line Items] | |||||||
Conversion of Stock, Shares Issued | 4,447,781 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | 6 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Class of Stock [Line Items] | ||
Proceeds from Issuance of Common Stock | $ 0 | $ 39,000 |
Fast Capital [Member] | ||
Class of Stock [Line Items] | ||
Debt Conversion, Original Debt, Amount | $ 40,000 | |
Debt Conversion, Converted Instrument, Shares Issued | 1,538,461 | |
Common Stock [Member] | Stock Sale [Member] | ||
Class of Stock [Line Items] | ||
Stock Issued During Period, Shares, New Issues | 50,000 | |
Proceeds from Issuance of Common Stock | $ 6,250 |