XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net loss $ (3,302,459) $ (7,412,175)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation 16,155 67,248
Stock-based compensation 9,836 16,295
Non-cash interest 499,174 809,520
Changes in fair value of financial liabilities 4,657,388
Foreign exchange (gain) / loss (7,129) 20,309
Changes in operating assets and liabilities:    
Other current assets and premises lease deposits 440,643 (25,763)
Accounts receivable (58,392)
Funding receivable (1,004,022)
Accounts payable and accrued liabilities 623,207 733,170
Deferred revenue 33,381
Operating lease (3,602) (16,370)
Customer deposits (9,873) (6,171)
Cash used in operating activities (1,759,059) (2,160,571)
Financing activities    
Payments on finance leases (1,821) (1,759)
Proceeds from promissory notes 729,299
Repayment of short-term debt (35,000)  
Proceeds from convertible notes 555,000
Proceeds from senior secured promissory notes 596,000
Cash (used in) / provided by financing activities (36,821) 1,878,540
Effect of exchange rates on cash holdings in foreign currencies (1,577)
Net change in cash and restricted cash during the period (1,797,457) (282,031)
Cash and restricted cash at beginning of period 2,522,656 395,580
Cash and restricted cash at end of period 725,199 113,549
Supplemental disclosure of cash flow information:    
Interest on finance lease paid 2,122 2,240
Supplemental disclosure of non-cash investing and financing activity:    
SAFEs converted to common shares $ 3,200,000