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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows (Used In) Provided by Operating Activities    
Net loss $ (1,564,540) $ (3,692)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 253 216
Amortization of original issue discount 82,178
Provision for credit losses 129,535
Accrued interest income (24,066)
Accrued interest expense 50,405
Accrued monitoring fee expense 35,577
Changes in operating assets and liabilities:    
Accounts receivable (23,541) 47,626
Prepaid expenses and other assets (3,068) (149)
Accounts payable 528,078 958
Accrued liabilities (9,058) (4,830)
Deferred revenue (1,288) 17,156
Net Cash (Used In) Provided by Operating Activities (799,535) 57,285
Cash Flows Used in Investing Activities    
Loan to Damon Motors (596,000)
Net Cash Used in Investing Activities (596,000)
Cash From Financing Activities    
Proceeds from long term debt 350,000
Cash received from exercise of stock options 64,335
Net investments from Inpixon 32,193
Net Cash Provided By Financing Activities 414,335 32,193
Effect of Foreign Exchange Rate on Changes on Cash 7,588 (5,308)
Net (Decrease) Increase in Cash (973,612) 84,170
Cash - Beginning of period 1,148,904 264,244
Cash - End of period 175,292 348,414
Cash paid for:    
Interest
Income taxes