Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,588,159) $ (4,837,738)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Issuance of common stock for services 4,795,000 726,248
Amortization of prepaid stock based expenses 1,931,989 3,024,605
Foreign currency transaction loss (gain) (18,573) 34,699
Depreciation expense 354 125
Amortization of debt discounts 644 150,902
Amortization of right-of-use assets 6,023 3,577
Change in fair value of derivative liabilities 19,706
Gain on extinguishment of debt, net (195,861)
Non-cash interest expense 4,906
Accretion of put premium 37,450
Changes in Assets and Liabilities:    
GST receivable 1,409 (3,043)
Prepaid expenses (41,462) (362,329)
Other current assets (17,817) (7,438)
Accounts payable 24,850 (186,804)
Employee benefit liability 12,835 13,982
Accrued expenses and other payables (62,127) (361,479)
Accrued interest (9,391) (3,298)
Operating lease liability (5,825) 2,723
NET CASH USED IN OPERATING ACTIVITIES (1,970,250) (1,939,067)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (2,491)
NET CASH USED IN INVESTING ACTIVITIES (2,491)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 100,000
Proceeds from exercise of Series C warrants 2,000,000
Repayment of convertible notes (203,350)
Repayment of notes (671,777)
Repayment of loans payable - related party (96,652) (150,808)
Purchase of treasury shares (499,224)
Proceeds from the sale of common stock, net of offering costs 3,314,458
Proceeds from note payable 75,000
Proceeds from loans payable - related parties 78,249
Deferred offering costs (15,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,404,124 2,526,772
Effect of exchange rate changes on cash (7,514) 5,435
NET INCREASE (DECREASE) IN CASH (573,640) 590,649
CASH AT BEGINNING OF PERIOD 832,006 12,088
CASH AT END OF PERIOD 258,366 602,737
Cash paid during the period:    
Interest 26,991 115,691
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Reduction of put premium related to conversions of convertible notes 114,399
Conversion of convertible notes and accrued interest to common stock 335,850
Deferred offering cost charged to additional paid in capital upon closing of offering 281,773
Issuance of common stock and common stock issuable for prepaid services (net of amortized portion) $ 682,500