Post-effective amendment to a registration statement that is not immediately effective upon filing

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (1,102,713) $ (1,290,635) $ (2,658,087) $ (2,025,947)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:        
Issuance and amortization of common stock for services 56,811 133,422 314,626 125,572
Foreign currency transaction gain (22,235) 1,086 42,395 (30,497)
Depreciation expense 895 1,013 1,993 1,993
Amortization of debt discounts 83,903 11,295 47,971 136,527
Change in fair value of derivative liabilities (127,508) 167,757 99,111 8,186
Gain on extinguishment of debt, net (42,910) 17,503 (50,607)
Gain from settlement of debt, net     (49,319)
Gain from settlement of accounts payable (17,499)    
Stock option, stock warrants and restricted stock expense 2,408 41,436 72,513 82,872
Non-cash interest expense 2,250 2,250 16,500
Amortization of right-of-use assets 10,858 3,678
Accretion of put premium 144,711 245,000 452,308 200,410
Changes in Assets and Liabilities:        
GST receivable (2,238) (1,417) 1,660 (2,147)
Prepaid expenses and other assets (16,724) (5,637) (8,620)
Accounts payable 9,520 (51,037) 18,870 178,311
Deferred rent     (3,695)
Employee benefit liability 169,268 12,882 29,907 33,134
Accrued expenses and other payables 97,414 (6,772) 65,017 152,861
Accrued interest 31,433 28,264 63,878 80,582
Operating lease liability (9,936) (3,277)
NET CASH USED IN OPERATING ACTIVITIES (734,542) (711,093) (1,436,304) (1,145,264)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 395,750 414,500 766,500 325,000
Repayments of convertible promissory notes     (43,000)
Proceeds from note payable, net of original issue discounts and issue costs 100,000    
Proceeds from the sale of common stock 24,711 99,285
Collection of subscription receivable 23,758    
Proceeds from the exercise of warrants 200,000 375,000 625,001 776,044
NET CASH PROVIDED BY FINANCING ACTIVITIES 744,219 789,500 1,490,786 1,058,044
Effect of exchange rate changes on cash 10,732 (7,046) (52,670) 22,468
NET INCREASE IN CASH 20,409 71,361 1,812 (64,752)
CASH AT BEGINNING OF PERIOD 4,067 2,255 2,255 67,007
CASH AT END OF PERIOD 24,476 73,616 4,067 2,255
Supplemental Disclosure of Cash Flow Information        
Interest 1,323 950 2,392 13,621
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities        
Common stock issued for offering cost applied against proceeds received 20,000 20,000
Subscription receivable     23,758
Reduction of put premium related to conversions of convertible notes 218,992 126,310 335,677 590,504
Conversion of convertible notes and accrued interest to common stock 515,221 224,662 635,303 1,142,205
Debt discounts related to derivative liability 93,668    
Debt discounts related to common stock issued with a note payable 37,500    
Warrant grant for settlement of accounts payable 5,551    
Discounts related to derivative liability    
Operating lease right-of-use asset and operating lease liability recorded pursuant to ASC 842     66,201
Reversal of common stock issuable and put premium due to cancellation of conversions of convertible debt and accrued interest     31,801
Accounts payable reclass to convertible notes     25,000
Common stock issued for accrued services 448,440 448,440
Deemed dividend upon alternate cashless exercise of warrants $ 408,557 $ 208,242 $ 700,340 $ 391,749