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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:          
Net loss $ (1,564,540) $ (3,692) $ (1,348,357) $ (73,828) $ (63,867)
Adjustment to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization 253 216 695 1,246 1,319
Stock options granted to consultants ($219,627 to related parties)     627,478
Amortization of right-of-use asset     8,176
Amortization of original issue discount 82,178 4,941
Provision for credit losses 129,535 108,568
Accrued interest income (24,066) (548)
Accrued interest expense 50,405 3,301
Accrued monitoring fee expense 35,577 1,620
Unrealized gain on foreign currency transactions     (5,492)
Changes in operating assets and liabilities:          
Accounts receivable (23,541) 47,626 64,381 (22,768) (21,372)
Prepaid expenses and other current assets (3,068) (149) (68,496) (529) 4,962
Other assets     4,430 (816)
Accounts payable 528,078 958 440,241 (2,625) (2,379)
Accrued liabilities (9,058) (4,830) (15,535) 31,607 (18,368)
Deferred revenue (1,288) 17,156 57,652 (13,149) (54,209)
Operating lease obligation     (8,259)
Net Cash (Used In) Provided by Operating Activities (799,535) 57,285 (129,551) (75,616) (154,813)
Investing Activities:          
Purchase of property and equipment     (2,871)
Loan to Damon Motors (596,000) (550,000)
Net Cash Used in Investing Activities (596,000) (552,871)
Financing Activities:          
Proceeds from note payable     1,500,000
Proceeds from long term debt 350,000      
Cash received from exercise of stock options 64,335      
Net investments from Inpixon 32,193 67,330 166,471 177,053
Net Cash Provided By Financing Activities 414,335 32,193 1,567,330 166,471 177,053
Effect of Foreign Exchange Rate on Changes on Cash 7,588 (5,308) (248) 3,223 (16,541)
Net (Decrease) Increase in Cash (973,612) 84,170 884,660 94,078 5,699
Cash - Beginning of period 1,148,904 264,244 264,244 170,166 164,467
Cash - End of period 175,292 348,414 1,148,904 264,244 170,166
Supplemental Disclosure of cash flow information:          
Interest
Income taxes
Non-cash financing activities          
Original issue discount related to long term debt     450,059
Transaction costs     $ 20,000