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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net Loss $ (3,264,957) $ (489,695)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation 9,638 0
Stock compensation 0 50,000
Loss on extinguishment of debt (1,660,797) 0
Loss on impairment of goodwill 806,690 0
Change in fair value of derivatives 223,264 (97,024)
Expenses paid via notes payable 158,503 0
Gain on PPP loan forgiveness (172,520) 0
Changes in operating assets & liabilities    
Accounts receivable (93,888) 0
Deposits and prepaid expenses 3,063 0
Accounts payable and accrued expenses 530,956 251,479
Accounts payable and accrued expenses, due to related parties 0 27,649
Accrued interest 166,554 208,348
Net cash from operating activities 28,100 (49,243)
Cash Flows from Investing Activities    
Cash acquired in business combination 412,276 0
Collections from notes receivable 25,997 0
Purchase of subsidiary (2,000,110) 0
Net cash from investing activities (1,561,837) 0
Cash Flows from Financing Activities    
Proceeds from convertible notes payable 25,000 50,000
Payments on notes payable (208,591) 0
Proceeds from SBA loan 150,000 0
Proceeds from sale of common stock 1,602,095  
Proceeds from sale of series A convertible preferred stock 397,902 0
Net cash from financing activities 1,966,406 50,000
Increase in Cash 432,669 757
Cash at beginning of period 766 9
Cash at end of period 433,435 766
Supplemental Cash Flow Information    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Non-cash investing and financing activities:    
Common stock issued for convertible notes payable 2,702,425 0
Accounts payable and accrued expenses converted to convertible notes payable 250,000 1,562,241
Accounts payable and accrued expenses converted to convertible notes payable, related party 0 116,687
Accrued interest converted to convertible notes payable $ 451,282 $ 112,597