v3.20.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,742,049) $ (3,182,596)
Adjustments to reconcile net loss to net cash used in operations activities:    
Stock issued for services 70,897 164,812
Stock issued for interest 82,952 89,750
Amortization of debt discount 1,270,943 1,495,334
Deferred financing fees 39,493
Change in derivative liability (612,093) 596,033
Amortization of intangible assets 500,000
Impairment expenses related to intangible assets 500,000
Change in operating assets and liabilities    
Change in accounts receivable (5,838) (85,604)
Change in inventory 120,560 (211,757)
Change in other current assets (579,746) (18,809)
Change in accounts payable 50,173 132,914
Change in accrued expenses (24,000) (32,000)
Net cash used in operating activities (1,328,708) (1,051,923)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for purchase of intangible assets (333,333)
Net cash used in investing activities (333,333)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of debt-net 1,737,000 1,094,005
Proceeds from sale of stock 50,000
Repayment of short-term debt (1,000)
Borrowings on line of credit 5,000
Repayment of convertible debt (102,076)
Net cash provided by financing activities 1,742,000 1,040,929
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 79,959 (10,994)
Cash and cash equivalents, beginning of period 30,142 48,440
Cash and cash equivalents, end of period 110,101 37,446
Cash Paid For:    
Income taxes
Summary of Non-Cash Investing and Financing Information:    
Initial derivative liability and debt discount accounted 1,463,278 392,005
Value of embedded derivative liabilities
Stock issued for conversion of debt 911,000 1,223,953
Intangible assets acquired and adjusted in accounts payable balance 666,667
Stock Issued for Interest $ 82,952 $ 89,750

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