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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 8,290,781 $ (3,450,765)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain on legal dissolution of subsidiary (10,234,501)
Depreciation expense 1,161 827
Forgiveness of debt (34,800)
Accrued interest on loans payable, deferred compensation and other 319,523 694,793
Stock-based compensation 346,846 1,126,481
Decrease (increase) in prepaid expenses (33,501) (116,084)
Increase (decrease) in accounts payable and accrued expenses 366,629 (6,516)
Decrease in operating lease assets and liabilities (16,923)
Increase in deferred compensation 289,200 396,604
Net cash used in operating activities (670,785) (1,389,460)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (2,062,155)
Net cash used in investing activities (2,062,155)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of warrants 1,736,662 3,049,490
Commissions on exercise of warrants (18,601) (3,537)
Redemption of Preferred Series B shares and interest (41,000)
Proceeds from sale of units 1,860,000
Commissions on sale of units (161,000)
Proceeds from sale of common shares 300,000
Net cash provided by financing activities 1,677,061 5,044,953
Net increase (decrease) in cash (1,055,879) 3,655,493
Cash at beginning of year 4,216,321 560,828
Cash at end of year 3,160,442 4,216,321
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 17,711 773,811
Warrants issued for unit commissions 16,100
Shares issued for warrant exercise commissions 50,145 97,023
Purchase of property and equipment in accounts payable and accrued expenses 666,375
Non-cash compensation in property and equipment 135,648
Capitalized interest in property and equipment 32,000
Conversion of deferred compensation to notes payable $ 190,000