Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,912,522) $ (1,753,322)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Issuance and amortization of common stock for services 56,811 222,452
Foreign currency transaction gain (3,210) (40,631)
Depreciation expense 1,345 1,503
Amortization of debt discounts 138,014 24,942
Amortization of right-of-use assets 16,029
Change in fair value of derivative liabilities 110,859 2,392
Gain on extinguishment of debt, net (32,186)
Gain from settlement of accounts payable (17,499)
Stock option, stock warrants and restricted stock expense 2,408 62,154
Non-cash interest expense 2,250
Accretion of put premium 232,674 380,962
Changes in Assets and Liabilities:    
GST receivable (1,065) 2,120
Prepaid expenses and other assets 8,348 (8,405)
Accounts payable 27,953 (34,319)
Employee benefit liability 177,198 23,816
Accrued expenses and other payables 236,034 43,285
Accrued interest 46,347 45,495
Operating lease liability (14,816)
NET CASH USED IN OPERATING ACTIVITIES (927,278) (1,025,306)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 590,250 641,500
Proceeds from the sale of common stock 24,711
Collection of subscription receivable 23,758
Proceeds from the exercise of warrants 375,000 475,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,013,719 1,116,500
Effect of exchange rate changes on cash 2,733 40,436
NET INCREASE IN CASH 89,174 131,630
CASH AT BEGINNING OF PERIOD 4,067 2,255
CASH AT END OF PERIOD 93,241 133,885
Supplemental Disclosure of Cash Flow Information    
Interest 1,544 1,485
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Common stock issued for offering cost applied against proceeds received 20,000
Reduction of put premium related to conversions of convertible notes 351,992 227,150
Conversion of convertible notes and accrued interest to common stock 823,206 414,630
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
Common stock issued for accrued services 448,440
Deemed dividend upon alternate cashless exercise of warrants $ 408,557 $ 445,631