Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,504,122) $ (972,011)
Adjustments to reconcile net loss to net cash used in operations activities:    
Stock issued for services 70,897 111,233
Stock issued for interest 42,336 19,363
Amortization of debt discount 831,436 1,026,471
Amortization of placement fees 194,471
Deferred financing fees 39,173
Change in derivative liability (355,625) (781,127)
Change in operating assets and liabilities    
Change in accounts receivable (9,049)
Change in inventory 31,916 6,296
Change in other current assets (1,040) (17,917)
Change in Intangible asset - placement fee (1,166,824)
Change in accounts payable 617,535 11,811
Change in accrued expenses (24,000) (24,000)
Net cash used in operating activities (1,232,896) (619,882)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of debt-net 1,350,000 756,005
Repayment of short-term debt (1,000)
Repayment of convertible debt (102,076)
Net cash provided by financing activities 1,350,000 652,929
NET INCREASE IN CASH AND CASH EQUIVALENTS 117,104 33,047
Cash and cash equivalents, beginning of period 30,142 48,440
Cash and cash equivalents, end of period 147,246 81,487
Cash Paid For:    
Income taxes
Summary of Non-Cash Investing and Financing Information:    
Initial derivative liability and debt discount accounted 1,117,777 347,500
Value of embedded derivative liabilities
Stock issued for conversion of debt 557,000 347,500
Stock Issued For Interest $ 42,337 $ 19,362