v3.25.1
Unaudited interim consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (19,550,458) $ (11,698,139)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 620,676 530,177
Stock compensation 3,205,859 2,184,692
Stock consideration issued to vendor 474,200 0
Change in fair value of contingent consideration 477,072 181,009
Bad debt expense 527,741 640,484
Gain on expiration of accrued tax liability 0 (2,090,978)
Changes in operating assets and liabilities, net of amounts acquired or assumed in connection with acquisition:    
Accounts receivable 241,380 (2,787,677)
Other receivables (859,709) (218,817)
Inventories (653,070) (696,695)
Prepaid expenses and other current assets 780,979 128,542
Long-term receivables 49,013 26,889
Accounts payable 32,443 2,241,421
Long-term payables (48,888) (47,329)
Accounts payable and accrued liabilities - related parties 9,052,657 522,620
Accrued liabilities 278,429 (217,742)
Accrued payroll taxes, penalties and interest 0 35,242
Deferred revenue (288,866) 1,191,593
Net cash used in operating activities (5,660,542) (10,074,709)
Cash flows from investing activities:    
Purchase of property and equipment (272,783) (511,515)
Purchase of intangibles 0 (446,923)
Acquisition of business, net of cash 0 80,087
Net cash used in investing activities (272,783) (878,351)
Cash flows from financing activities:    
Proceeds from related party notes payable 2,913,980 11,845,764
Repayments of related party notes payable (428,924) (752,256)
Net proceeds (repayments) from notes payable 2,565,040 346,910
Proceeds from private placement 604,000 0
Net cash provided by financing activities 5,654,096 11,440,418
Net change in cash and cash equivalents (279,229) 487,358
Effect of exchange rate changes on cash 18 29,496
Cash and cash equivalents at beginning of period 812,806 772,062
Cash and cash equivalents at end of period 533,595 1,288,916
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 0 0
Cash paid for interest 356,231 0
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of related party notes and interest into preferred stock 11,324,793 0
Conversion of accounts payable-related parties to note payable-related parties 1,993,990 0
Common stock issued pursuant to business combination 70,936 0
Conversion of convertible note payable, accrued interest and premium into common stock 0 2,327,489
Warrants issued pursuant to acquisitions 16,974 0
Operating liabilities satisfied by related parties 1,993,990 0
Increase (Decrease) in right-of-use asset and liability $ (39,719) $ 1,447,488