v3.23.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,433,042) $ (1,201,110)
Adjustments to reconcile net loss to net cash used in operations activities:    
Stock issued for financing cost 50,000 20,010
Amortization of debt discount and deferred financing fees 212,259 544,545
Warrants issued for services 84,230 108,126
Warrants and returnable warrants issued for financing 699,350 65,783
Impairment of inventory 113,196
Write down of other current assets 46,130
Stock payable for services 4,041
Loss on debt extinguishment upon note conversion, net (57,971)
Change in operating assets and liabilities:    
Accounts receivable 3,115 (36,723)
Inventories 2,250 (101,657)
Other current assets 8,180 31,052
Accounts payable and accrued liabilities 93,744 200,294
Accounts payable and accrued liabilities, related parties 30,825 9,000
Net cash used in operating activities (89,763) (414,610)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash provided by investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of debt-net 51,000 644,000
Repayment of convertible debt (289,855)
Net cash provided by financing activities 51,000 354,145
NET DECREASE IN CASH AND CASH EQUIVALENTS (38,763) (60,465)
Cash and cash equivalents, beginning of year 44,187 280,877
Cash and cash equivalents, end of year 5,424 220,412
Supplemental Disclosure of Cash Flow Information:    
Interest 28,180
Income taxes
Summary of Non-Cash Investing and Financing Information:    
Debt and warrants discount accounted on convertible notes 9,878 290,070
Common stock issued for preferred stock conversion 4,050
Deemed dividend associated with preferred stock B and warrants dilutive adjustment $ 345,462

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