Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (58,923,300) $ (1,820,528)
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 4,621,230
Foreign currency transaction loss (gain) 89,243 (22,080)
Depreciation expense 297
Allowance on refundable advance deposit 120,958
Amortization of debt discounts 303,563 294,005
Amortization of right-of-use assets 20,187 21,359
Change in fair value of derivative liabilities (212,450) (316,537)
Derivative expense 333,596 141,012
Loss (gain) on extinguishment of debt, net 871,032 (54,565)
Non-cash interest expense 5,519 3,832
Accretion of put premium 279,711
Changes in Assets and Liabilities:    
GST receivable (2,405) (71)
Prepaid expenses and other current assets 1,379 4,746
Refundable advance deposit (120,958)
Deferred offering costs (25,000)
Accounts payable 187,732 242,408
Employee benefit liability 40,184 49,196
Accrued expenses and other payables 677,889 209,962
Accrued interest 255,155 78,733
Operating lease liability (21,722) (21,598)
NET CASH USED IN OPERATING ACTIVITIES (405,168) (935,118)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 222,500 567,050
Repayment of convertible note (8,000) (142,909)
Repayment of notes (122,788)
Proceeds from the sale of common stock 23,057
Proceeds from note payable 320,000 190,000
Proceeds from loans payable 79,811
Proceeds from loans payable - related parties 343,700 224,885
Deferred offering costs (264,656)
NET CASH PROVIDED BY FINANCING ACTIVITIES 490,756 941,894
Effect of exchange rate changes on cash (94,585) 4,262
NET INCREASE (DECREASE) IN CASH (8,997) 11,038
CASH AT BEGINNING OF YEAR 21,085 10,047
CASH AT END OF YEAR 12,088 21,085
Cash paid during the year:    
Interest 30,715 9,491
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Reduction of put premium related to conversions of convertible notes 10,229 246,254
Conversion of convertible notes and accrued interest to common stock 79,686 560,483
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 222,500 150,000
Operating lease right-of-use asset and operating lease liability pursuant to ASC 842 62,126
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) 19,259,880
Deemed dividend upon alternate cashless exercise of warrants $ 192,960