v3.22.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,048,362) $ (3,453,142)
Adjustments to reconcile net loss to net cash used in operations activities:    
Warrants issued for services 33,067 126,555
Warrants issued for financing cost 170,210
Stock issued for services 191,023 131,944
Amortization of debt discount 90,852 787,217
Deferred financing cost and debt issuance cost 100,000 102,800
Change in derivative liability 777,202
Loss on extinguishment of debt upon notes conversion 55,278
Non cash expenses 15,167 204,391
Change in operating assets and liabilities    
Change in accounts receivable 24,476 16,980
Change in inventory 95,947 (69,309)
Change in other current assets (122,291) 146,333
Change in accounts payable (278,965) 107,107
Change in accrued expenses 0 225,510
Net cash used in operating activities (1,728,876) (841,134)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of Series B Preferred Stock 308,200
Proceeds from the issuance of debt-net 884,834 720,000
Proceeds from exercise warrants 16,000  
Repayment of short term debt (3,308)
Net cash provided by financing activities 1,209,034 716,692
NET (DECREASE) IN CASH AND CASH EQUIVALENTS (519,842) (124,442)
Cash and cash equivalents, beginning of period 1,041,899 197,622
Cash and cash equivalents, end of period 522,057 73,180
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 512,993
Stock issued for conversion of debt 1,314,298
Stock Issued for Interest 153,334
True-up adjustment in debt discount and derivative liability 37,360
Common stock issued for preferred stock conversion 7,950
Deemed dividend associated with preferred stock B and warrants dilutive adjustment 358,657
Debt and warrants discount accounted on convertible notes $ 931,272

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