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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net loss $ (5,737,879) $ (7,609,231)
Items not requiring cash:    
Amortization and depreciation 164,833 148,786
Share-based compensation 98,760 237,675
Amortization of right-of-use assets 287,824 296,239
Interest income on short-term investments (1,271) (392)
Unrealized foreign exchange loss 2,607 2,138
Inventory write-down 263,404 576,772
Bad debts   25,085
Changes in operating assets and liabilities:    
Inventories 159,000 584,151
Prepaids and other current assets (520,653) 102,022
Other non-current assets 4,908 5,507
Accounts receivable 52,718 (107,357)
Accounts payable and accrued liabilities (425,446) (585,341)
Deferred rent (16,171) 16,171
Lease obligations (289,302) (317,490)
Total cash used in operating activities (5,956,668) (6,625,265)
Investing Activities    
Payment of acquisition consideration   (500,000)
Sale of short-term investments 42,513  
Purchase of short-term investments (42,513)  
Purchase of property and equipment (9,293) (128,198)
Total cash used in investing activities (9,293) (628,198)
Financing Activities    
Proceeds from private placement 4,654,042 10,680,654
Total cash provided by financing activities 4,654,042 10,680,654
(Decrease) increase in cash and cash equivalents during the period (1,311,919) 3,427,191
Cash and cash equivalents beginning of the period 8,912,517 6,176,866
Cash and cash equivalents end of the period 7,600,598 9,604,057
Cash Paid During the Year for:    
Income taxes   11,300
Interest  
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Fair value of warrant modification recorded as equity issuance costs 3,508,749  
Preferred investment options to its placement agent 325,699 $ 691,483
Recognition of Right-of-use asset and corresponding operating lease liability $ 968,376