XML 14 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 3,073,503 $ (1,595,367)
Non-controlling interest (3,000) (307,351)
Adjustments to reconcile net loss to cash flows from operating activities:    
Gain on debt extinguishment (112,051)
Amortization of debt discount 289,801 132,579
Stock based compensation 4,000 101,500
Change in fair value of derivative liability (3,697,931) (325,234)
Change in fair value of warrant liability (2,042) (8,289)
Depreciation 45,563 42,138
Amortization of intangible assets 483 1,533
Equity method investment loss 44,477
Unrealized loss on securities 642,117
Imputed interest of lease liabilities (3,959) (1,595)
Changes in assets and liabilities:    
Accounts receivable (62,275) (221,211)
Inventory 25,666 (167,875)
Prepayment, deposits and other receivables (76,589) (35,960)
Other assets (30,000)
Other payables (49,603) (68,143)
Accounts payable and accrued liabilities 141,546 126,590
Customer deposits (26,954) 111,998
Unearned revenue 20,265
Interest Payable 168,890 99,238
Net cash used in operating activities (314,951) (1,408,590)
Cash flows from investing activities:    
Purchase of fixed assets (830,000)
Net cash used in investing activities (830,000)
Cash flows from financing activities:    
Proceeds from shares issuance 19,360
Proceeds (Repayment) from(to) notes payable 343,933 (69,436)
Proceeds (Repayment) from(to) note payable - related parties (15,427)
Proceeds from advanced shares issuance 500,000
Subscription receivable 10,042
Proceeds (Repayment) from(to) loans payable (39,411) 782,969
Proceeds (Repayment) from(to) loans payable - related parties (50,311) (116,960)
Repayment of convertible notes (48,459)
Net cash provided by financing activities 235,154 1,081,146
Net increase (decrease) in cash (79,798) (1,164,444)
Cash paid during the period for:    
Cash, beginning of period 161,014 1,396,944
Cash, end of period 81,216 239,500
Cash paid interest
Supplemental disclosure of non-cash financing activities —    
Shares issued for conversion of convertible debt 576,215
Reduction in derivative liability due to conversion 385,266
Debt discount related to convertible debt $ 117,949