XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES:    
Net income (loss) $ 451,956 $ (19,527,285)
Adjustment to reconcile net loss to net cash provided by operating activities:    
Issuance of common stock for conversion fees   130,319
Common stock to be issued for director fees 20,000
Gain from forgiveness of debt and interest (449,294)
Derivative liability loss (gain) (562,995) 18,504,633
Loss on issuance of notes payable 154,355 115,290
Depreciation 2,598 1,516
Amortization of debt discounts 261,682 622,179
Changes in operating assets and liabilities:    
Accounts receivable 40,000 70,580
Interest receivable (277)
Prepaid director’s compensation 12,000
Loans receivable 14,598 104,812
Receivable, other 409
Accounts payable (1,395) (407)
Accrued interest 48,042 91,404
Accrued director’s compensation 20,000
Net cash (used in) provided by operating activities (137,926) 153,450
INVESTING ACTIVITIES:    
Notes receivable-long-term (150,000)
Net cash (used in) investing activities (150,000)
FINANCING ACTIVITIES:    
Issuance of stock for Regulation A financing 740,150
Borrowings from loans payable-related parties 7,092
Repayments under loans payable-related parties (405)
Repayments under notes payable (26,597) (195,392)
Borrowings from notes payable 136,250 40,000
Net cash provided by (used in) financing activities 849,398 (148,300)
NET INCREASE IN CASH AND CASH EQUIVALENTS 561,472 5,150
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 56,300 25
CASH AND CASH EQUIVALENTS, END OF PERIOD 617,772 5,175
Supplemental Disclosures of Cash Flow Information:    
Taxes paid
Interest paid
Non-cash investing and financing activities:    
Issuance of convertible note for acquisition of Global Clean Solutions, LLC membership units 250,000
Reduction of Jetco note in the amount per agreement applied to acquisition of subsidiaries 400,000
Cancellation of common stock and stock to be issued 68,000
Cancellation of common stock as per court order 299,100
Issuance of common stock for debt and accrued interest $ 206,382