Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Stockholders' Equity (Deficit) (Unaudited)

v3.22.1
Condensed Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)
Convertible Preferred Stocks [Member]
Series A Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Jun. 30, 2020 $ 2,975,752 $ 12,000 $ (183,137) $ (171,137)
Balance, shares at Jun. 30, 2020 2,047,500 12,000,000      
Issuance of restricted common stock $ 983 (983)
Issuance of restricted common stock, shares   982,500      
Stock-based compensation expense 16,408 16,408
Net loss (256,379) (256,379)
Ending balance, value at Sep. 30, 2020 $ 2,975,752 $ 12,983 15,425 (439,516) (411,108)
Balance, shares at Sep. 30, 2020 2,047,500 12,982,500      
Beginning balance, value at Jun. 30, 2020 $ 2,975,752 $ 12,000 (183,137) (171,137)
Balance, shares at Jun. 30, 2020 2,047,500 12,000,000      
Net loss         (1,140,815)
Ending balance, value at Mar. 31, 2021 $ 2,975,752 $ 12,983 83,526 (9,532,345) (9,435,836)
Balance, shares at Mar. 31, 2021 2,047,500 12,982,500      
Beginning balance, value at Sep. 30, 2020 $ 2,975,752 $ 12,983 15,425 (439,516) (411,108)
Balance, shares at Sep. 30, 2020 2,047,500 12,982,500      
Stock-based compensation expense 20,694 20,694
Net loss (328,604) (328,604)
Ending balance, value at Dec. 31, 2020 $ 2,975,752 $ 12,983 36,119 (768,120) (719,018)
Balance, shares at Dec. 31, 2020 2,047,500 12,982,500      
Stock-based compensation expense 47,407 47,407
Net loss (555,832) (555,832)
Deemed dividends (8,208,393) (8,208,393)
Ending balance, value at Mar. 31, 2021 $ 2,975,752 $ 12,983 83,526 (9,532,345) (9,435,836)
Balance, shares at Mar. 31, 2021 2,047,500 12,982,500      
Beginning balance, value at Jun. 30, 2021 $ 23,345 60,032,597 (38,644,084) 21,411,858
Balance, shares at Jun. 30, 2021 23,344,567      
Stock-based compensation expense 34,173 34,173
Net loss (1,553,395) (1,553,395)
Ending balance, value at Sep. 30, 2021 $ 23,345 60,066,770 (40,197,479) 19,892,636
Balance, shares at Sep. 30, 2021 23,344,567      
Beginning balance, value at Jun. 30, 2021 $ 23,345 60,032,597 (38,644,084) 21,411,858
Balance, shares at Jun. 30, 2021 23,344,567      
Net loss         (4,502,877)
Ending balance, value at Mar. 31, 2022 $ 23,345 60,286,306 (43,146,961) 17,162,690
Balance, shares at Mar. 31, 2022 23,344,567      
Beginning balance, value at Sep. 30, 2021 $ 23,345 60,066,770 (40,197,479) 19,892,636
Balance, shares at Sep. 30, 2021 23,344,567      
Stock-based compensation expense 94,282 94,282
Net loss (1,072,991) (1,072,991)
Ending balance, value at Dec. 31, 2021 $ 23,345 60,161,052 (41,270,470) 18,913,927
Balance, shares at Dec. 31, 2021 23,344,567      
Stock-based compensation expense 125,254 125,254
Net loss (1,876,491) (1,876,491)
Ending balance, value at Mar. 31, 2022 $ 23,345 $ 60,286,306 $ (43,146,961) $ 17,162,690
Balance, shares at Mar. 31, 2022 23,344,567