XML 39 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows Statement - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (9,782,075) $ (8,642,433)
Adjustments to reconcile net loss to cash flows from operating activities:    
Initial valuation of debt discount 239,300 149,143
Loss on settlement 382,635 255,882
Gain on debt forgiveness (16,649)
Amortization of debt discount 330,192 565,978
Stock based compensation 6,041,550 5,097,206
Change in fair value of derivative liability 273,299 3,661,418
Amortization of Intangible Assets 700 700
Change in exercise of warrant 67,387 (25,920)
Depreciation and amortization 46,189 26,578
Changes in operating assets and liabilities    
Accounts receivable 60,145 113,179
Inventory (138,801) (49,226)
Prepayment, deposits and other receivables 261,183 (54,876)
Lease liabilities (36,919)
Accounts payable and accrued liabilities 5,955 (40,876)
Customer deposits (62,174) (118,974)
Other assets (35,000)
Unearned revenue (19,890) (89,344)
Interest Payable 166,753 172,221
Right of use, assets 39,169
Accrued interest and other payables 37,962 56,972
Net cash provided by (used in) operating activities (2,122,441) 1,060,980
Cash flows from investing activities:    
Payment for property and equipment (87,154)
Net cash provided by (used in) investing activities (87,154)
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock 340,000 235,000
Proceeds from convertible notes 1,451,687 1,022,500
Proceeds (Repayment) from(to) loans (22,555) (5,261)
Repayment to Related Parties 105,000 25,634
Proceeds from Share to be Issued 236,000 (2,121,000)
Bank overdraft 5,907
Loan Receivable 75,033 (13,151)
Net cash provided by (used in) financing activities 2,191,072 (856,278)
Net increase (decrease) in cash 68,631 117,550
Cash, beginning of period 34,371 42,121
Cash, end of period 103,002 159,671
Supplemental disclosure of non-cash financing activities:    
Shares issued for conversion of convertible debt 689,997 516,391
Reclassification from derivative liabilities to APIC 957,488 6,289,241
Debt discount related to convertible debt 951,581 1,888,248
Debts settled through shares issuance 229,000 1,292,544
Shares issued for award to Bizright and to be cancelled in future (32,291,060)
Shares issued for warrant exercise $ 28,381