Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.23.3
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Revenues, net of slotting and promotion $ 133,456 $ 443,538
Operating expenses    
Cost of product sold 279,277 486,163
Advertising and promotional 166,656 596,331
Selling, general and administrative 542,803 492,713
Professional fees 954,918 797,666
Total operating expenses 1,943,654 2,372,873
Loss from operations 1,810,198 1,929,335
Other (income) and expenses    
Interest expense – Amortization of debt discount 1,265,893 275,423
Interest expense – debt 170,505 48,309
Interest expense – financing cost 2,141,626 270,210
Loss (Gain) on debt extinguishment 361,500
Total other (income) and expenses 3,939,524 593,942
Provision for income tax
Net loss (5,749,722) (2,523,277)
Deemed dividend on Series B Stock 1,136,946 381,310
Net loss attributable to common stockholders $ (6,886,668) $ (2,904,587)
Basic and diluted net loss per common share (in Dollars per share) $ (0.07) $ (0.03)
Weighted average shares of capital outstanding – basic and diluted (in Shares) 103,889,833 87,521,595