Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Receivable - Related Party (Tables)

v3.20.4
Convertible Notes Receivable - Related Party (Tables)
6 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Schedule of Convertible Notes

The following table summarizes the convertible notes receivable from WRLD3D.

 

                Convertible        
Agreement   Interest     Maturity     Note     Accrued  
Date   Rate     Date     Amount     Interest  
May 25, 2017     5 %     March 2, 2018     $ 750,000     $ 110,202  
February 9, 2018     10 %     March 31, 2019       2,500,000       500,773  
April 1, 2019     10 %     March 31, 2020       600,000       57,648  
August 19, 2019     10 %     March 31, 2020       400,000       32,439  
                      4,250,000       701,062  
Less allowance for doubtful account       (4,250,000 )     (701,062 )
Net Balance                   $ -     $ -