XML 19 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (7,280,365) $ (595,775)  
Adjustments to reconcile net (loss) to net cash used in operating activities:      
Stock based compensation 1,828,424 0  
Warrants issued as financing costs 3,627,980 0  
Changes in operating assets and liabilities      
Prepaid expenses (101,038) 0  
Accounts payable and accrued expenses related party 29,255 60,000  
Accounts payable and accrued expenses 108,145 143,630  
Other current liability (33) 0  
Net Cash used in operating activities (1,787,632) (392,145)  
CASH FLOWS FROM INVESTING ACTIVITIES      
Other assets (2,000,000) 0  
Refund on trademark registration 2,396 0  
Cash used in investing activities (1,997,604) 0  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Advances payable - related parties 0 392,145  
Cash provided by financing activities 0 392,145  
Foreign Exchange Effect on Cash (259) 0  
INCREASE (DECREASE) IN CASH (3,785,495) 0  
CASH AT BEGINNING OF YEAR 6,491,937 0 $ 0
CASH AT END OF PERIOD 2,706,441 0 $ 6,491,937
Interest Paid 0 0  
Taxes Paid 0 0  
Noncash investing and financing activities:      
Warrants issued as financing costs 3,627,980 0  
Common stock awards issued as deferred compensation $ 11,989,619 $ 0