Related Party Transactions

3 Months Ended

Sep. 30, 2022

Related Party Transactions [Abstract]

Related Party Transactions

8. Related Party Transactions

During the quarter ended September 30, 2022, the Company received cash funding or expenses paid on behalf of the Company from related parties totaling $2,928,023. The expenses paid on behalf primarily relate to operation expenditures and payroll. In most cases, promissory notes were created on a quarterly basis totaling the amounts referenced above. The remaining amounts are included within accounts payable – related parties for which the related parties expect repayment. During the quarter ended September 30, 2022, the Company made payments to the related parties against the promissory note balances of $752,256. As of September 30, 2022, amounts included within accounts payable and accrued liabilities – related parties for expense and payroll related advances were $1,056,798.

During the quarter ended September 30, 2022, the Company incurred expenses from services provided by related parties totaling $405,537. Services provided to the Company include management services, payroll processing services, rent and chartered flight services. As of September 30, 2022, amounts included within accounts payable and accrued liabilities – related parties for expense and payroll related advances were $156,184.

During the quarter ended September 30, 2022, the Company incurred $398,218 in services performed by non-employee board members. As of September 30, 2022, amounts included within accounts payable and accrued liabilities for services performed by non-employee board members was $63,000.

During the quarter ended September 30, 2022, the Company generated net revenues of approximately $228,013 through Covid tests performed at locations or entities controlled by related parties. This amount mentioned above is included within revenues on the consolidated statements of operations.

The following is a summary of revenues recorded by the Companies to related parties with common ownership: 

	Three Months Ended
	September 30,
	2022		2021
Dalrada Health	$	64,423	$	15,309
Dalrada Energy Services		21,095		–
	$	85,518	$	15,309

See Notes 6, 7, 8, 9, 10, and 11 for additional related party transactions.