General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows

v3.22.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (490,658) $ (425,545) $ (2,025,947) $ (4,740,723)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:        
Issuance and amortization of common stock for services 133,422 125,572 1,098,452
Foreign currency transaction gain (109,129) (1,960) (30,497) 143,808
Depreciation expense 509 438 1,993 2,473
Amortization of debt discounts 6,074 121,281 136,527 734,130
Change in fair value of derivative liabilities 3,904 (64,952) 8,186 (385,293)
Gain on extinguishment of debt, net (49,985) (50,607) (67,123)
Gain from settlement of debt, net     (49,319)
Stock option and restricted stock expense 20,718 20,718 82,872 300,416
Non-cash interest expense 2,250 6,750 16,500 15,000
Accretion of put premium 90,192 200,410 836,724
Changes in Assets and Liabilities:        
GST receivable 1,937 (755) (2,147) 3,332
Prepaid expenses and other assets (8,353) 83,157
Accounts payable (137,927) 53,576 178,311 (59,737)
Deferred rent 633 (3,695) 3,394
Employee benefit liability 4,067 10,544 33,134 35,724
Accrued expenses and other payables (15,102) 133,046 152,861 (9,740)
Accrued interest 11,338 16,262 80,582 156,417
NET CASH USED IN OPERATING ACTIVITIES (486,758) (179,949) (1,145,264) (1,849,589)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 160,000 325,000 1,465,250
Repayments of convertible promissory notes (43,000) (43,000)
Proceeds from the sale of common stock     450,000
Fees associated with offering costs     (25,010)
Proceeds from the exercise of warrants 275,000 201,044 776,044
NET CASH PROVIDED BY FINANCING ACTIVITIES 435,000 158,044 1,058,044 1,890,240
Effect of exchange rate changes on cash 95,320 6,116 22,468 23,962
NET INCREASE (DECREASE) IN CASH 43,562 (15,789) (64,752) 64,613
CASH AT BEGINNING OF PERIOD 2,255 67,007 67,007 2,394
CASH AT END OF PERIOD 45,817 51,218 2,255 67,007
Supplemental Disclosure of Cash Flow Information        
Interest 13,172 13,621 6,110
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities        
Reduction of put premium related to conversions of convertible notes 109,643 204,919 590,504 874,924
Conversion of convertible notes and accrued interest to common stock 197,936 417,670 1,142,205 1,814,336
Discounts related to warrants issued with convertible notes     375,905
Discounts related to derivative liability     227,000
Operating lease right-of-use asset and operating lease liability recorded on adoption of ASC 842     48,662
Reversal of common stock issuable and put premium due to cancellation of conversions of convertible debt and accrued interest     31,801
Deemed dividend upon alternate cashless exercise of warrants 114,844 391,749
Accounts payable reclass to convertible notes     $ 25,000
Common stock issued for accrued services 448,440    
Subscription receivable $ 100,000