Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (350,866) $ (617,295)  
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:      
Stock option, stock warrants and restricted stock expense 2,408  
Foreign currency transaction (gain) loss 15,948 (36,223)  
Depreciation expense 134 473  
Amortization of debt discounts 69,457 31,275  
Amortization of right-of-use assets 5,128 5,131  
Change in fair value of derivative liabilities (303,929) (65,173)  
Derivative expense 77,721  
(Gain) loss on extinguishment of debt, net (34,310) 610  
Gain from settlement of accounts payable (17,499)  
Non-cash interest expense 1,437  
Accretion of put premium 88,846 115,769  
Changes in Assets and Liabilities:      
GST receivable 132 (523)  
Prepaid expenses and other assets (14,468) (7,747)  
Refundable advance deposit (116,169)  
Accounts payable 148,834 45,121  
Employee benefit liability 12,275 10,415  
Accrued expenses and other payables 55,693 15,162  
Accrued interest 15,712 13,430  
Operating lease liability (5,032) (4,649)  
NET CASH USED IN OPERATING ACTIVITIES (333,457) (509,315)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 220,000 345,750  
Repayment of convertible note (142,909)  
Proceeds from the sale of common stock 24,711  
Proceeds from note payable 120,000  
Proceeds from loan payable - related party 153,256  
Collection of subscription receivable 23,758  
Proceeds from the exercise of warrants 100,000  
NET CASH PROVIDED BY FINANCING ACTIVITIES 350,347 494,219  
Effect of exchange rate changes on cash (20,312) 30,425  
NET INCREASE (DECREASE) IN CASH (3,422) 15,329  
CASH AT BEGINNING OF PERIOD 10,047 4,067 $ 4,067
CASH AT END OF PERIOD 6,625 19,396 $ 10,047
Supplemental Disclosure of Cash Flow Information      
Interest 2,713 2,277  
Income Tax  
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Reduction of put premium related to conversions of convertible notes 34,838 133,646  
Conversion of convertible notes and accrued interest to common stock 114,131 349,530  
Debt discounts related to derivative liability 70,000 93,668  
Relative fair value of warrant granted in connection with a loan payable - related party 141,084  
Warrant grant for settlement of accounts payable 23,050  
Warrants issued for accrued services 5,551  
Deemed dividend upon alternate cashless exercise of warrants $ 142,575 $ 389,235