Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,614,594) $ (1,542,528)
Adjustments to reconcile net loss to net cash used in operations activities:    
Warrants issued for services 65,711
Warrants issued for financing cost 170,210
Stock issued for services 155,768 88,673
Amortization of debt discount 12,218 576,787
Deferred financing cost and debt issuance cost 100,000 112,604
Change in derivative liability (264,818)
Loss on extinguishment of debt upon notes conversion 2,216
Non cash expenses 15,167
Change in operating assets and liabilities    
Change in accounts receivable 48,910 19,723
Change in inventory (37,595) 109,564
Change in other current assets (85,614) 185,859
Change in accounts payable (201,901) (145,947)
Change in accrued expenses (3,000) 174,277
Net cash used in operating activities (1,440,431) (617,879)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of Series B Preferred Stock 308,200
Proceeds from the issuance of debt-net 884,834 540,000
Borrowings on line of credit 2,205
Net cash provided by financing activities 1,193,034 537,795
NET (DECREASE) IN CASH AND CASH EQUIVALENTS (247,397) (80,084)
Cash and cash equivalents, beginning of period 1,041,899 197,622
Cash and cash equivalents, end of period 794,502 117,538
Supplemental Disclosure of Cash Flow Information:    
Interest 675
Income taxes
Summary of Non-Cash Investing and Financing Information:    
Initial derivative liability and debt discount accounted 373,612
Derivative liability reclassed to loss on extinguishment of debt upon notes conversion 320,746
Stock issued for conversion of debt 562,000
Stock Issued for Interest 61,486
True-up adjustment in debt discount and derivative liability 37,360
Common stock issued for preferred stock conversion 5,825
Deemed dividend associated with preferred stock B and warrants dilutive adjustment 358,657
Debt and warrants discount accounted on convertible notes $ 931,272