General form for registration of securities under the Securities Act of 1933

Consolidated Statements of Cash Flows

v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (54,851,839) $ (1,461,950) $ (1,820,528) $ (2,660,566)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:        
Issuance and amortization of common stock for services 51,348,000 138,948
Stock option, stock warrants and restricted stock expense 1,505,115 2,408
Foreign currency transaction gain 88,184 15,228 (22,080) (5,885)
Depreciation expense 297 297 1,665
Allowance on refundable advance deposit     120,958
Amortization of debt discounts 193,283 246,612 294,005 202,952
Amortization of right-of-use assets 14,952 15,595 21,359 21,266
Change in fair value of derivative liabilities (113,487) (372,371) (316,537) 530,330
Derivative expense 95,012 123,379 141,012
Gain on extinguishment of debt, net 840,032 (27,318) (54,565) (25,969)
Gain from settlement of accounts payable     (17,499)
Non-cash interest expense 5,519 2,236 3,832 1,838
Accretion of put premium 261,538 279,711 232,674
Changes in Assets and Liabilities:        
GST receivable (880) (2,462) (71) (610)
Prepaid expenses - current portion 1,312 4,620    
Prepaid expenses and other assets     4,746 2,182
Refundable advance deposit     (120,958)
Deferred offering costs (65,000) (25,000)
Accounts payable 118,706 242,466 242,408 80,975
Employee benefit liability 27,917 35,772 49,196 186,912
Accrued expenses and other payables 342,223 198,995 209,962 130,511
Accrued interest 89,179 57,823 78,733 92,474
Operating lease liability (16,210) (15,612) (21,598) (19,857)
NET CASH USED IN OPERATING ACTIVITIES (377,982) (675,152) (935,118) (1,105,251)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 150,000 516,875 567,050 590,250
Repayment of convertible note (8,000) (142,909) (142,909)
Repayment of notes (98,400)    
Proceeds from the sale of common stock 11,082 23,057 24,711
Proceeds from loans payable     79,811
Proceeds from note payable 145,000 120,000 190,000
Proceeds from loans payable - related party 294,400 185,872 224,885
Collection of subscription receivable     23,758
Proceeds from the exercise of warrants     475,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 483,000 690,920 941,894 1,113,719
Effect of exchange rate changes on cash (75,343) (19,593) 4,262 (2,488)
NET INCREASE IN CASH 29,675 (3,825) 11,038 5,980
CASH AT BEGINNING OF YEAR 21,085 10,047 10,047 4,067
CASH AT END OF YEAR 50,760 6,222 21,085 10,047
Supplemental Disclosure of Cash Flow Information        
Interest 21,625 7,559 9,491 2,883
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities        
Reduction of put premium related to conversions of convertible notes 10,229 166,535 246,254 411,111
Conversion of convertible notes and accrued interest to common stock 79,686 370,635 560,483 1,016,285
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 150,000 125,000 150,000 93,668
Relative fair value of warrant granted in connection with a loan payable - related party 141,084 141,084
Issuance of common stock for prepaid services (net of amortized portion) 22,375,995    
Warrant grant for settlement of accounts payable     37,500
Warrants issued for accrued services     5,551
Deemed dividend upon alternate cashless exercise of warrants $ 192,960 $ 192,960 $ 466,273