Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

v3.22.4
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,761,372) $ (1,614,594)
Adjustments to reconcile net loss to net cash used in operations activities:    
Warrants issued for services 419,205
Warrants issued for financing cost 1,286,573 170,210
Stock issued for services 36,010 155,768
Sock issued for financing cost 60,000
Amortization of debt discount 1,029,452 12,218
Deferred financing cost and debt issuance cost 100,000
Loss on extinguishment of debt upon notes conversion (72,464)
Financing cost due to conversion price changes 1,843,475
Financing cost due to default 181,159  
Non cash expenses 15,167
Change in operating assets and liabilities    
Change in accounts receivable 19,253 48,910
Change in inventory (122,086) (37,595)
Change in other current assets 34,771 (85,614)
Change in accounts payable 283,859 (201,901)
Change in accrued expenses 24,000 (3,000)
Net cash used in operating activities (738,165) (1,440,431)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of Series B Preferred Stock 308,200
Proceeds from issuance of units under Reg A 224,615  
Proceeds from the issuance of debt-net 644,000 884,834
Repayment on convertible note (362,319)  
Net cash provided by financing activities 506,296 1,193,034
NET (DECREASE) IN CASH AND CASH EQUIVALENTS (231,869) (247,397)
Cash and cash equivalents, beginning of period 280,877 1,041,899
Cash and cash equivalents, end of period 49,008 794,502
Cash Paid For:    
Interest 39,452
Income taxes
Summary of Non-Cash Investing and Financing Information:    
Common stock issued for preferred stock conversion 850 5,825
Deemed dividend associated with preferred stock B and warrants dilutive adjustment 3,685,665 358,657
Debt and warrants discount accounted on convertible notes $ 931,272