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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (4,224,999) $ (2,721,561)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Depreciation of property, plant and equipment 177,074 9,831
Amortization 98,954 29,434
Stock-based compensation 448,123 284,249
Finance cost interest element of promissory notes (non-cash) 1,870,972 1,441,911
Lease interest expense 22,237 0
Fair value adjustment on convertible promissory note (194,865)  
Gain on disposal of property, plant and equipment (600) 0
Changes in operating assets and liabilities:    
Accounts receivable 7,196 (14,818)
Other receivables, deposits and prepayments (96,124) (85,132)
Inventories (10,600) (81,492)
Accounts payables 25,970 (719)
Accrued liabilities and other payables 183,312 24,774
Advanced from director (5,761) 0
Mining rights 0 16,142
Advanced from related parties 165,792 0
Net cash used in operating activities (1,533,319) (1,097,381)
Cash flows from investing activities:    
Proceeds from disposal of property, plant and equipment 23,000 0
Payments of deposit for property, plant and equipment 0 (240,000)
Advanced to related parties 0 690
Proceed from disposal of discontinued operation, net 107,824 0
Payments of deposit for acquisition of subsidiary company (22,609) 0
Net cash flows on acquisition of subsidiary company 1,140 0
Purchase of property, plant and equipment (473,895) (70,332)
Net cash used in investing activities (364,540) (309,642)
Cash flows from financing activities:    
Repayments to lease liabilities (56,356) (5,220)
Drawdown of bank loan 150,000 0
Repayment of bank loan (50,000) 0
Lease interest paid (22,237) 0
Advanced from related parties 0 9,417
Proceeds from issuance of Common Stock 1,556,280 1,000,000
Net cash provided by financing activities 1,577,687 1,004,197
Net change in cash and cash equivalent (320,172) (402,826)
Foreign currency translation adjustment 142,626 7,787
Net change in cash and cash equivalents (177,546) (395,039)
BEGINNING OF PERIOD 418,917 2,117,622
END OF PERIOD 241,371 1,722,583
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 0 0
Cash paid for interest $ 0 $ 0