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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (2,002,281) $ (2,507,305)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,251 1,185
Accrued interest on loans payable, deferred compensation and other 149,879 86,891
Stock- based compensation 184,709 220,510
Stock-based compensation for services 106,321 80,000
Modification of warrants 0 154,932
Warrants issued for compensation for services 5,000 57,094
Decrease in prepaid expenses (104,497) 44,449
Increase (decrease) in deposits in other assets 0 (5,000)
Increase (decrease) in accounts payable and accrued expenses 285,420 (908,644)
Decrease (increase) in operating lease assets and liabilities (7,788) 29,712
Increase in deferred compensation 626,834 265,000
Net cash used in operating activities (755,152) (2,481,176)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (689,919) (2,403,644)
Net cash used in investing activities (689,919) (2,403,644)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of units 610,742 3,266,230
Commissions on sale of units (20,400) (48,000)
Proceeds from convertible bridge loan 250,000 0
Proceeds from exercise of warrants 28,500 119,125
Net cash provided by financing activities 868,842 3,337,355
Net decrease in cash (576,229) (1,547,465)
Cash at beginning of year 625,964 3,160,442
Cash at end of year 49,735 1,612,977
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 0
Non-cash investing and financing transactions:    
Conversion of debt and liabilities into common units 140,951 149,888
Conversion of debt and liabilities into notes payable 0 23,943
Conversion of deferred compensation to notes payable 80,767 90,000
Capitalized interest in property and equipment 45,676 117,342
Purchase of property and equipment for accounts payable $ 1,756,285 $ 372,844