Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2025
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2025
Mar. 31, 2024
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net loss $ (54,067,346) $ (354,310) $ (526,700) $ (350,866) $ (54,851,839) $ (1,461,950)  
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:              
Issuance of common stock for services         51,348,000  
Amortization of prepaid stock based expenses         1,505,115  
Foreign currency transaction loss         88,184 15,228  
Depreciation expense   49   297  
Amortization of debt discounts         193,283 246,612  
Amortization of right-of-use assets         14,952 15,595  
Change in fair value of derivative liabilities (47,119)   (70,213)   (113,487) (372,371)  
Derivative expense 59,271     95,012 123,379  
Loss (gain) on extinguishment of debt, net 809,954   6,781   840,032 (27,318)  
Non-cash interest expense         5,519 2,236  
Accretion of put premium         261,538  
Changes in Assets and Liabilities:              
GST receivable         (880) (2,462)  
Prepaid expenses - current portion         1,312 4,620  
Deferred offering costs         (65,000)  
Accounts payable         118,706 242,466  
Employee benefit liability         27,917 35,772  
Accrued expenses and other payables         342,223 198,995  
Accrued interest         89,179 57,823  
Operating lease liability         (16,210) (15,612)  
NET CASH USED IN OPERATING ACTIVITIES         (377,982) (675,152)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from convertible promissory notes, net of original issue discounts and issue costs         150,000 516,875  
Repayment of convertible note         (8,000) (142,909)  
Repayment of notes         (98,400)  
Proceeds from the sale of common stock         11,082  
Proceeds from note payable         145,000 120,000  
Proceeds from loans payable - related parties         294,400 185,872  
NET CASH PROVIDED BY FINANCING ACTIVITIES         483,000 690,920  
Effect of exchange rate changes on cash         (75,343) (19,593)  
NET INCREASE (DECREASE) IN CASH         29,675 (3,825)  
CASH AT BEGINNING OF PERIOD   $ 21,085   $ 10,047 21,085 10,047 $ 10,047
CASH AT END OF PERIOD $ 50,760   $ 6,222   50,760 6,222 $ 21,085
Supplemental Disclosure of Cash Flow Information              
Interest         21,625 7,559  
Income Tax          
Supplemental Disclosure of Non-Cash Investing and Financing Activities              
Reduction of put premium related to conversions of convertible notes         10,229 166,535  
Conversion of convertible notes and accrued interest to common stock         79,686 370,635  
Settlement of accounts payable for shares of common stock         129,354  
Settlement of loans to former director for shares of common stock         74,395  
Settlement of loans payable including accrued interest for shares of common stock         86,248  
Debt discounts related to derivative liability         150,000 125,000  
Relative fair value of warrant granted in connection with a loan payable - related party         141,084  
Issuance of common stock for prepaid services (net of amortized portion)         22,375,995  
Deemed dividend upon alternate cashless exercise of warrants         $ 192,960