v3.21.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (833,675) $ (943,824)
Adjustments to reconcile net loss to net cash used in operations activities:    
Warrants issued for services   65,711
Stock issued for services 140,000  
Amortization of debt discount 322,739
Deferred financing fees and financing cost 45,577
Change in derivative liability (207,524)
Loss on extinguishment of debt upon notes conversion 188,397
Change in operating assets and liabilities    
Change in accounts receivable 32,160 (4,040)
Change in inventory (103,907) 62,221
Change in other current assets (965) 126,053
Change in accounts payable (106,007) (81,725)
Change in accrued expenses (6,000) 58,256
Net cash used in operating activities (878,394) (368,159)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the sale of preferred stock B - net 308,200
Proceeds from the issuance of debt-net 180,000
Borrowings on line of credit (1,103)
Net cash provided by financing activities 308,200 178,897
NET DECREASE IN CASH AND CASH EQUIVALENTS (570,194) (189,262)
Cash and cash equivalents, beginning of period 1,041,899 197,622
Cash and cash equivalents, end of period 471,705 8,360
Supplemental Disclosure of Cash Flow Information:    
Interest 337
Summary of Non-Cash Investing and Financing Information:    
Initial derivative liability and debt discount accounted 126,029
Derivative liability reclassed to loss on extinguishment of debt upon notes conversion 189,257
Stock issued for conversion of debt 347,000
Stock Issued for Interest 36,478
True-up adjustment in debt discount and derivative liability 37,360
Common stock issued for preferred stock conversion 3,865
Deemed dividend associated with Preferred Stock B $ 289,935

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