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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flow from operating activities    
Net loss $ (1,288,558) $ (4,723,720)
Adjustment for non-cash charges and other items:    
Depreciation 5,831 3,349
Amortization of deferred debt issuance costs 3,480 0
Stock compensation expense 195,266 3,139,920
Change in fair value of derivative instrument 0 213,053
Gain on debt extinguishment 0 (96,145)
Gain on settlement of accounts payable 0 (156,616)
Amortization of debt discount 3,629 0
Total adjustments (1,080,352) (1,620,159)
Changes in working capital    
Decrease / (increase) in accounts receivable (9,206) 12,936
Decrease / (increase) in inventory (57,106) 0
Decrease / (increase) in prepaid inventory 62,040 0
Decrease / (increase) in prepaid expenses (3,900) 9,402
(Decrease) / increase in trade and other payables (12,079) (61,688)
(Decrease) / increase in accrued expenses 29,883 73,424
(Decrease) / increase in accrued expenses - related party 26,814 (207,444)
(Decrease) / increase in deferred revenue (11,874) (13,283)
Total changes in working capital 24,572 (186,653)
Cash flow used in operating activities (1,055,780) (1,806,812)
Cash flow from investing activities    
Purchase of property and equipment (9,442) (50,000)
Cash flow used in financing activities (9,442) (50,000)
Cash flow from financing activities    
Proceeds from note payable 0 25,000
Proceeds received from related parties 155,800 0
Proceeds from issuance of convertible notes 240,000 0
Proceeds from issuance of stock for cash 659,500 3,300,000
Repayments of note payable (15,109) (685,510)
Payments to related parties 0 (30,155)
Cash flow provided by financing activities 1,040,191 2,609,335
(Decrease) Increase in cash and cash equivalents (25,031) 752,523
Cash and cash equivalents at the beginning of the period 70,505 847,430
Cash and cash equivalents at end of the period 45,474 1,599,953
Interest 0 0
Taxes $ 0 $ 0