MEZZANINE (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Feb. 05, 2021 |
Jan. 14, 2021 |
Feb. 19, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
|
Stock price per share | $ 0.30 | ||||
Accrued Series C preferred stock dividends | $ 744,487 | $ 193,933 | |||
Securities Purchase Agreement [Member] | BHP Capital NY, Inc [Member] | |||||
Preferred stock sold , amount | $ 750,000 | ||||
Preferred stock sold | 750 | ||||
Description of series agreement | the Company files for Bankruptcy or receivership or any money judgment writ, liquidation or a similar process is entered by or filed against the Company for more than $50,000 and remains unvacated, unbonded or unstayed for a period of twenty (20) calendar days; (vi) conduct its business; (vii) the Company shall lose the “bid” price for its Common stock on the Principal Market; (viii) if at any time the Common Stock is no longer DWAC eligible; (ix) the Company must have a registration statement covering the Preferred Shares declared effective by the SEC within one hundred eighty (180) days of the Effective Date hereof; (x) the Company must complete deposits to secure power supply contracts and purchase mining equipment within ninety (90) days from the Effective Date hereof; | ||||
Purchase price, per share | $ 1,000 | ||||
Net proceeds received | $ 740,000 | ||||
Shares issued, equity incentive | 1,000,000 | 2,000,000 | |||
Shares issued, equity incentive amount | $ 89,100 | $ 295,000 | |||
Tranche of series C sold | 375,000 | ||||
Tranche of series C sold, amount | $ 375,000 | ||||
Series D Preferred Stock [Member] | |||||
Exercisable price | $ 0.60 | ||||
Stock price per share | 1,000 | ||||
Conversion price | $ 0.30 | ||||
Preferred stock sold , amount | $ 3,000,000 | ||||
Preferred stock sold | 3,000 | ||||
Warrants | 100.00% | ||||
Accrued Series D preferred stock dividends | $ 532,191 | $ 132,835 | |||
Common stock shares issuable upon exercise of warrants | 11,000,000 | ||||
Description of series agreement | the Company files for Bankruptcy or receivership or any money judgment writ, liquidation or a similar process is entered by or filed against the Company for more than $50,000 and remains unvacated, unbonded or unstayed for a period of twenty (20) calendar days; (vi) conduct its business; (vii) the Company shall lose the “bid” price for its Common stock on the Principal Market; (viii) if at any time the Common Stock is no longer DWAC eligible; (ix) the Company must have a registration statement covering the Preferred Shares declared effective by the SEC within one hundred eighty (180) days of the Effective Date hereof; (x) the Company must complete deposits to secure power supply contracts and purchase mining equipment within ninety (90) days from the Effective Date hereof; | ||||
Preferred stock, shares authorized | 4,000 | 4,000 | 4,000 | ||
Preferred stock, shares par value | $ 0.001 | $ 0.001 | |||
Cumulative dividends | 12.00% | ||||
Preferred stock, shares stated value, per share | $ 1,100 | ||||
Preferred stock, shares issued | 3,000 | 3,000 | |||
Preferred stock, shares outstanding | 3,000 | 3,000 | |||
Preferred stock, shares par value | $ 0.01 | $ 0.01 | |||
Series C Convertible Preferred Stock [Member] | |||||
Preferred stock, shares authorized | 3,000 | ||||
Cumulative dividends | 12.00% | ||||
Preferred stock, shares stated value, per share | $ 1,100 | ||||
Preferred stock, shares issued | 1,125 | ||||
Preferred stock, shares outstanding | 1,125 | ||||
Preferred stock, shares par value | 0.001 | ||||
conversion price | $ 0.068 | ||||
Accrued Series C preferred stock dividends | $ 212,296 | $ 61,098 |