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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,450,765) $ (4,553,241)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 827 1,248
Forgiveness of debt (34,800)
Gain on extinguishment of liabilities (122,423)
Accrued interest on loans payable, deferred compensation and other 694,793 502,934
Stock-based compensation 1,126,481 2,589,134
(Increase) decrease in prepaid expenses (116,084) 40
(Decrease) increase in accounts payable and accrued expenses (6,516) 95,376
Increase in deferred compensation 396,604 520,525
Net cash used in operating activities (1,389,460) (966,407)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of units 1,860,000 1,584,000
Commissions on sale of units (161,000) (147,900)
Proceeds from sale of common shares 300,000
Proceeds from exercise of warrants 3,049,490
Commissions on exercise of warrants (3,537)
Proceeds from Paycheck Protection Program loan 34,800
Proceeds from loans payable - affiliates 35,000
Repayment of loans payable - affiliates (20,000)
Net cash provided by financing activities 5,044,953 1,485,900
Net increase in cash 3,655,493 519,493
Cash at beginning of period 560,828 41,335
Cash at end of period 4,216,321 560,828
Supplemental disclosure of cash flow information:    
Cash paid for interest 28
Non-cash investing and financing transactions:    
Conversion of debt and liabilities into common units 773,811 71,658
Conversion of deferred compensation into notes payable - related party 636,081
Warrants issued for unit commissions 16,100 16,509
Shares issued for warrant exercise commissions 97,023
Shares issued for accounts payable and accrued expenses $ 6,750