XML 14 R6.htm IDEA: XBRL DOCUMENT v3.22.1
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net Loss $ (1,348,483) $ (7,135)
Adjustments to reconcile net loss to net cash used in operating activities    
Income from discontinued operations (27,268)
Depreciation and amortization 16,117
Debt discount amortization 32,095 12,500
Loss on issuance of convertible debt 298,710
Change in fair value of derivatives (131,052)
Common stock issued for services 3,431
Stock based compensation 854,550
Changes in operating assets and liabilities:    
Accounts payable 2,100
Accrued interest 17,292 7,562
Accrued compensation 80,000
Operating cash flow from discontinued operations 89,487
Net cash (used) provided by operating activities (175,240) 75,146
Cash flows from investing activities:    
Investing cash flow from discontinued operations (32,774)
Net cash used in investing activities (32,774)
Cash flows from financing activities:    
Advances from related party 27,088
Repayment of related party loans (28,106)
Proceeds from convertible debt 161,500
Proceeds from the exercise of options 24,043
Financing cash flow from discontinued operations 4,998
Net cash provided by financing activities 184,525 4,998
Net change in cash 9,285 47,370
Cash, beginning of period 13,677 174,879
Less: cash of discontinued operations, end of period (222,249)
Cash of continuing operations at end of period 22,962
Supplemental disclosure of cash flow information:    
Cash paid for interest
Cash paid for taxes
Supplemental non-cash disclosure:    
Common stock issued for conversion of debt $ 130,000