Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,102,713) $ (1,290,635)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Issuance and amortization of common stock for services 56,811 133,422
Foreign currency transaction gain (22,235) 1,086
Depreciation expense 895 1,013
Amortization of debt discounts 83,903 11,295
Amortization of right-of-use assets 10,858
Change in fair value of derivative liabilities (127,508) 167,757
Gain on extinguishment of debt, net (42,910)
Gain from settlement of accounts payable (17,499)
Stock option, stock warrants and restricted stock expense 2,408 41,436
Non-cash interest expense 2,250
Accretion of put premium 144,711 245,000
Changes in Assets and Liabilities:    
GST receivable (2,238) (1,417)
Prepaid expenses and other assets (16,724) (5,637)
Accounts payable 9,520 (51,037)
Employee benefit liability 169,268 12,882
Accrued expenses and other payables 97,414 (6,772)
Accrued interest 31,433 28,264
Operating lease liability (9,936)
NET CASH USED IN OPERATING ACTIVITIES (734,542) (711,093)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible promissory notes, net of original issue discounts and issue costs 395,750 414,500
Proceeds from note payable, net of original issue discounts and issue costs 100,000
Proceeds from the sale of common stock 24,711
Collection of subscription receivable 23,758
Proceeds from the exercise of warrants 200,000 375,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 744,219 789,500
Effect of exchange rate changes on cash 10,732 (7,046)
NET INCREASE IN CASH 20,409 71,361
CASH AT BEGINNING OF PERIOD 4,067 2,255
CASH AT END OF PERIOD 24,476 73,616
Supplemental Disclosure of Cash Flow Information    
Interest 1,323 950
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Common stock issued for offering cost applied against proceeds received 20,000
Reduction of put premium related to conversions of convertible notes 218,992 126,310
Conversion of convertible notes and accrued interest to common stock 515,221 224,662
Debt discounts related to derivative liability 93,668
Debt discounts related to common stock issued with a note payable 37,500
Warrant grant for settlement of accounts payable 5,551
Common stock issued for accrued services 448,440
Deemed dividend upon alternate cashless exercise of warrants $ 408,557 $ 208,242