Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.21.1
Subsequent Events
9 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events
17. Subsequent Events

On April 14, 2021, The Company successfully negotiated and retired a $731,118 payable for $20,000.

On April 19, 2021, The Company closed a financing round of $4,500,000.  This financing consisted of $3,000,000 raised in cash, and the rollover of $1,500,000 of pre-existing convertible debt into equity.  This financing allowed the company to successfully retire all convertible debt from the balance sheet.  Over $1,400,000 of cash was infused into the Company after debt payoff and transaction fees. As part of the settlement of the pre-existing debt, 1,200,000 shares of NGTF common stock were issued to Eagle Equities.

On May 4, 2021, The Company issued 72,288 shares to vendors and consultants for services provided.