v3.21.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net loss $ (24,434,336) $ (14,026,107)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 490,640 644,545
Loss on disposal of property and equipment 20,902
Amortization of original issue discounts on convertible debt 274,703 340,526
Accretion and settlement of financing instruments and change in fair value of derivative liability 1,595,388 (779,332)
Impairment of goodwill and intangible assets 2,000,287
Extinguishment of PPP loan 310,832
Stock compensation and stock issued for services 2,778,550 2,934,201
Non cash interest expense for issuance of common shares as consideration paid under the Equity Purchase Agreement 8,527,891
Non cash interest expense for issuance of common shares as consideration paid to reduce liabilities 10,292,616
Changes in assets and liabilities:    
Accounts receivable (36,219) 124,428
Inventories (2,320,155) (3,579)
Prepaid expenses and other assets (200,984)
Right of use assets 15,931 143,521
Accounts payable (973,836) (109,833)
Accrued legal settlement and other expenses (2,158,140) 1,162,698
Deferred revenue (680,130) 375,040
Net cash used in operating activities (6,316,265) (7,373,687)
Cash Flows from Investing Activities    
Acquisition of business 38,846 2,967,918
Purchases of property and equipment (33,238) (17,637)
Capitalization of development costs (508,266)
Net cash (used in) provided by investing activities (502,658) 2,950,281
Cash Flows from Financing Activities    
Principal payments on financing lease obligations (334,956) (4,808)
Principal payments on short term notes payable (62,898) (47,060)
Payments on related party loans (116,177)
Payments on convertible notes payable (110,000) (873,003)
Proceeds from convertible notes payable 2,697,730 4,978,934
Proceeds from PPP and auto loans 504,571
Proceeds from issuance of common stock 5,073,438
Payments on line of credit, net (245,000)
Proceeds from notes payable-related parties 45,986 107,733
Net cash provided by financing activities 6,948,123 4,666,367
Net Increase in Cash and Cash Equivalents 129,200 242,961
Cash, Beginning of Period 412,391 169,430
Cash, End of Period 541,591 412,391
Supplemental and Non Cash Disclosures:    
Noncash additions related to convertible debt 228,020 515,166
Cash paid for interest 263,242 195,988
Related party note payable issued for acquisition of business 194,526 1,484,473
Settlement of conversion features 152,374
Acquisition of goodwill and intangibles 46,869 3,760,287
Convertible notes and warrants extinguished 5,402,885 6,521,161
Stock compensation and stock issued for services 2,778,550 2,087,425
Property and equipment purchased with financing lease 37,980
Fair value of convertible note issued to stockholder 1,225,000
Fair value of preferred stock-Series E issued to stockholder 500,000
Non-cash principal payments from proceeds of convertible debt 1,907,000
Accretion of discount on convertible notes payable 382,436 1,825,506
Common stock issued in exchange for convertible debt reduction 13,031,235 1,869,053
Common stock issued in connection with the Equity Purchase Agreement $ 13,601,329