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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 8,780,830 $ (1,248,857)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain on legal dissolution of subsidiary (10,234,501)
Depreciation expense 580 414
Accrued interest on loans payable, deferred compensation and other 248,409 425,499
Stock-based compensation 13,125 36,781
Decrease in prepaid expenses 77,326 3,615
Decrease in operating lease assets and liabilities (49,230)
Increase in accounts payable and accrued expenses 130,628 8,162
Increase in deferred compensation 179,867 245,742
Net cash used in operating activities (852,966) (528,644)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (92,134)
Net cash used in investing activities (92,134)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of warrants 1,736,662
Commissions on exercise of warrants (18,601)
Redemption of Preferred Series B shares and interest (41,000)  
Proceeds from sale of units 360,000
Commissions on sale of units (31,000)
Net cash provided by financing activities 1,677,061 329,000
Net decrease in cash 731,961 (199,644)
Cash at beginning of period 4,216,321 560,828
Cash at end of period 4,948,282 361,184
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 17,711 70,794
Shares issued for warrant exercise commissions 50,145
Conversion of deferred compensation to note payable 190,000
Purchase of property and equipment for accounts payable $ 54,800