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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities      
Loss before tax $ (11,254,626) $ (16,791,770) $ (1,076,823)
Adjustments for:      
Depreciation of property and equipment 5,644 4,855 3,447
Amortization of right-of-use asset 174,788    
Property and equipment written-off 855 256  
Lease modification 8,462    
Interest expense 6,876    
Stock-based compensation 2,214,431 13,568,137  
Shares issued for ELOC commitment fee 3,228,510    
Shares issued for forward purchase agreement 756,000    
Shares issued for marketing fee 200,000    
Operating cash flows before working capital changes (4,659,060) (3,218,522) (1,073,376)
Changes in working capital:      
Inventories     163,259
Due from promissory note 333,594 (333,594)  
Deposit, upfront payments and other receivables 47,640 (2,805) (18,878)
Accruals and other payables 3,404,973 574,119 121,253
Operating lease liabilities   (1,976) 2,565
Amount due to directors 7,638    
Net cash used in operating activities (865,215) (2,982,778) (805,177)
Cash flows from investing activities      
Purchase of property and equipment   (5,735) (3,888)
Effect of reverse capitalization of PNAC, net (2,054,406)    
Net cash used in investing activities (2,054,406) (5,735) (3,888)
Cash flows from financing activities      
Capital contribution from non-controlling interest   67  
Advances from shareholders 3,483,813 3,388,520 873,066
Repayment of lease liabilities (172,776)    
Interest paid for lease liabilities (6,876)    
Net cash generated from financing activities 3,304,161 3,388,587 873,066
Increase in cash and cash equivalents 384,540 400,074 64,001
Effect of exchange rate changes 34,855 (463,911) (14,065)
Cash and cash equivalents at beginning of period 17,789 81,626 31,690
Cash and cash equivalents at end of period 437,184 17,789 81,626
Supplemental disclosure of non-cash investing and financing information:      
Issuance of ordinary shares for commitment fee 2,251,497    
Issuance of ordinary shares for conversion of debts $ 5,122,950 $ 790,287 $ 1,547,804