v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,562,479) $ (178,007,489)
ADJUSTMENTS TO RECONCILE NET LOSS TO NET CASH USED IN OPERATING ACTIVITIES:    
Depreciation and amortization 93,522 129,095
Change in fair value of contingent consideration (590,000) (11,680,000)
Change in value of equity securities (156,849) 112,149
Loss on extinguishment of debt 7,415,708
Non-cash stock-based compensation expense 630,389 3,313,291
Non-cash restricted shares issued for services rendered 268,679 1,946,845
Gain on bankruptcy of subsidiary (12,019,227) 0
Long-lived asset impairment 831,915
Goodwill impairment 0 170,419,429
Gain on settlement of accounts payable (22,327)
Amortization of discount on note payable 80,000 32,024
Changes in assets and liabilities:    
Other receivables 55,233 1,153,768
Prepaid expenses/deposits 122,076 1,143,293
Accounts payable 1,131,424 3,106,181
Other current liabilities 231,845 (26,477)
Operating leases, net (210,072) (16,086)
Accrued expenses 411,966 499,330
NET CASH USED IN OPERATING ACTIVITIES (5,288,197) (7,874,647)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in equity securities 0 (500,000)
Proceeds from sale of equity securities 544,700 0
Purchase of property and equipment (1,238)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 543,462 (500,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of finance agreement (729,370) (971,231)
Proceeds from exercise of warrants
Proceeds from private placements 750,000 2,376,181
Proceeds from ATM offering, net of issuance costs 5,047,829 0
Repayment of Notes Payable (1,000,001)
Proceeds from notes payable 2,323,000 6,977,822
NET CASH PROVIDED BY FINANCING ACTIVITIES 6,391,458 8,382,772
 Effect of exchange rates on cash (25,770) (135,892)
NET INCREASE (DECREASE) IN CASH 1,620,953 (127,767)
CASH, BEGINNING OF PERIOD 92,700 220,467
CASH, END OF PERIOD 1,713,653 92,700
Cash Paid during the year for:    
Interest 127,488 24,555
Income Taxes 0 0
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Cancellation of restricted stock awards 36,973 83
Finance agreement entered into in exchange for prepaid assets 608,075 1,018,930
Conversion of note payable for issuance of common stock 10,721,153 0
Cancellation of stock options 130,394 0
Debt discount related to notes payable 0 24,954
Common shares issued upon acquisition 0 6,058,500
Acquisition of intellectual property in exchange for preferred stock $ 1,840,000 $ 0