Related Party Transactions (Details Narrative) |
12 Months Ended |
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Jun. 30, 2022
USD ($)
shares
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| Related Party Transactions | |
| Loan amount | $ 750,000 |
| Term period | two years |
| Interest rate | 2.00% |
| Due on demand | $ 12,000 |
| Preferred stock purchased | $ 50,000 |
| Preferred stock purchased, shares | shares | 500,000 |
| Stock conversion description | preferred stock is convertible into the Company’s common stock at a ratio of 1.8 shares |
| Outstanding membership interests | 20.00% |
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- Definition Net yield on interest-earning assets calculated as difference between total interest earned and total interest paid divided by total interest-earning assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition Net increase or decrease in the carrying amount of the debt instrument for the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Describe the conversion features of preferred stock if preferred stock is convertible. That is, shares of preferred stock into which another convertible security was converted, or shares of preferred stock into which another class of preferred stock was converted. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares of preferred stock issued as dividends during the period. Excludes stock splits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Percentage increase in the stated interest rate on a short-term debt instrument. No definition available.
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