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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:    
Net income (loss) $ 812,081 $ (1,034,040)
Adjustment to reconcile net loss to net cash provided by operating activities:    
Exchange of stock and issuing Series N Preferred Stock for bonus compensation 182,500
Issuance of Series L preferred stock in settlement of related party accounts due 27,171
Derivative liability (gain) loss (1,545,336) 67,799
Net acquisition of FTT 25,000
Gain on sale of assets (180,378)
Issuance of Series L Preferred stock for compensation 120,000
Issuance of common stock for stock-based professional fees 75,000
Write-off of note, accrued interest receivable and accounts receivable 369,838
Depreciation 16,145 5,192
Amortization of debt discounts 692,603 49,863
Changes in operating assets and liabilities:    
Accounts receivable (184,692)
Prepaid deposits (225,000)
Accrued executive compensation 58,333
Accounts payable 59,128 16,095
Accrued interest 130,878 30,645
Net cash (used in) operating activities (38,738) (392,437)
INVESTING ACTIVITIES:    
Deposit on building (15,000)
Net cash (used in) investing activities (15,000)
FINANCING ACTIVITIES:    
Borrowings from loans payable officer 11,243
Proceeds from notes payable-third parties 45,000 90,000
Proceeds from sale of Series L Preferred Stock 30,000
Borrowings from loans payable, related parties 61,185
Net cash provided by financing activities 136,185 101,243
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 97,447 (306,194)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 18,300 324,494
CASH AND CASH EQUIVALENTS, END OF PERIOD 115,747 18,300
Supplemental Disclosures of Cash Flow Information:    
Taxes paid
Interest paid
Non-cash investing and financing activities:    
Issuance of preferred stock for asset purchase 125,000
Issuance of common stock for debt 251,098
Issuance of Series L Preferred stock for payment of professional services 75,000
Accrual for contingent consideration of acquisition of GOe3, LLC $ 5,764,227