XML 90 R7.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (694,074) $ (3,531,828) $ (7,056,911) $ (4,295,446)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 13,206 698 30,139 2,747
Loss on write-off of asset     22,145
Interest expense 33,000 47,565
Stock based compensation 15,670 8,857,679 112,557
Restricted stock awards     1,000,000
Amortization of operating lease right-of-use 17,577 16,429 67,412 52,869
Changes in operating assets and liabilities:        
(Increase) in accounts receivable (54,877) (4,284)
(Increase) in prepaid expenses 1,181 (9,628) 14,270 (14,701)
(Increase) decrease in Inventory (63,373) (96,496) 728,289 86,275
(Increase) decrease in escrow deposit - real estate     (5,000)
(Increase) decrease in security deposit     (14,500)
Increase (decrease) in due to related party 292,134 3,654,727 (2,180,906) 2,821,826
Increase (decrease) in accounts payable 30,520 34,268 53,340 2,889
Increase (decrease) in other current liability 16,459 (54,504) 118,860
Increase (decrease) in accrued expenses (31,395)    
(Decrease) in operating lease liabilities (17,671) (16,145) 20,439 (130,631)
Net cash provided (used) by operating activities (410,248) 20,630 503,108 (257,255)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of fixed assets (101,376) (2,554) (54,631)
Asset put into service     (856,491)  
Sale of fixed assets 1,849 1,849 25,000
Net cash used in investing activities (101,376) 1,849 (857,196) (29,631)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from related party notes payable     1,100,000
Payment of note payable     (280,000)
Net proceeds from sale of equity     85,000
Net cash provided by financing activities 1,100,000 (195,000)
Net (decrease) in cash (511,624) 22,479 745,912 (481,886)
Cash - beginning of year 745,991 79 79 481,965
Cash - end of year $ 234,367 $ 22,558 745,991 79
Previously Reported [Member]        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss     $ (7,093,476) $ (4,295,446)