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

Condensed Consolidated Statements of Cash Flows

v3.25.4
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (7,929,132) $ (784,493) $ (58,923,300) $ (1,820,528)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:        
Issuance of common stock for services 733,748 15,000 51,348,000
Amortization of prepaid stock based expenses 5,496,367 4,621,230
Foreign currency transaction loss (gain) 54,196 75,698 89,243 (22,080)
Depreciation expense 354 297
Allowance on refundable advance deposit     120,958
Amortization of debt discounts 186,777 133,644 303,563 294,005
Amortization of right-of-use assets 9,380 9,866 20,187 21,359
Change in fair value of derivative liabilities (68,022) (66,368) (212,450) (316,537)
Change in fair value of warrant liability (593,710)    
Derivative expense 35,741 333,596 141,012
Loss (gain) on extinguishment of debt, net (210,178) 30,078 871,032 (54,565)
Non-cash interest expense 5,843 4,582 5,519 3,832
Accretion of put premium 37,450 279,711
Changes in Assets and Liabilities:        
GST receivable (11,615) 752 (2,405) (71)
Prepaid expenses and other current assets (28,590) (80) 1,379 4,746
Refundable advance deposit     (120,958)
Deferred offering costs     (25,000)
Other current assets    
Accounts payable (310,368) 102,374 187,732 242,408
Employee benefit liability 25,531 20,666 40,184 49,196
Accrued expenses and other payables (351,663) 166,993 677,889 209,962
Accrued interest 18,853 49,350 255,155 78,733
Operating lease liability (3,428) (10,589) (21,722) (21,598)
NET CASH USED IN OPERATING ACTIVITIES (2,938,207) (216,786) (405,168) (935,118)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of equipment (4,758)    
NET CASH USED IN INVESTING ACTIVITIES (4,758)    
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 100,000 80,000 222,500 567,050
Proceeds from issuance of convertible Series C Preferred stock, net of issuance cost 950,099    
Repayment of convertible note (203,350) (8,000) (142,909)
Repayment of notes (671,777) (98,400) (122,788)
Repayment of loans payable - related party (150,808)    
Proceeds from the sale of common stock 3,314,458 23,057
Proceeds from note payable 75,000 35,000 320,000 190,000
Proceeds from loans payable     79,811
Proceeds from loans payable - related parties 78,249 278,915 343,700 224,885
Deferred offering costs (25,000) (264,656)
NET CASH PROVIDED BY FINANCING ACTIVITIES 3,491,871 270,515 490,756 941,894
Effect of exchange rate changes on cash 243 (60,181) (94,585) 4,262
NET INCREASE (DECREASE) IN CASH 549,149 (6,452) (8,997) 11,038
CASH AT BEGINNING OF YEAR 12,088 21,085 21,085 10,047
CASH AT END OF YEAR 561,237 14,633 12,088 21,085
Cash paid during the year:        
Interest 115,684 17,599 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 114,399 9,336 10,229 246,254
Conversion of convertible notes and accrued interest to common stock 416,291 71,836 79,686 560,483
Defferred offering cost charged to additional paid in capital upon closing of offering 281,773    
Debt discounts related to derivative liability 80,000 222,500 150,000
Deemed dividend related to Series C Preferred Stock $ 932,246    
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
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