v3.22.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities    
Net loss $ (4,480,067) $ (2,848,047)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 360,583 241,785
Amortization of debt discounts 236,112 24,290
Impairment expense 46,869
Change in fair value of derivative liability 73,742 (3,273,253)
Fair value of warrants 492,434  
Stock issued under Equity Purchase Agreement 107,935 2,166,000
Stock issued for services and donated 478,378 32,961
Preferred Series F stock exchanged for common stock (1)  
Stock issued to reduce debt and interest 143,664  
Changes in assets and liabilities:    
Accounts receivable (438,900) 560,281
Inventories (216,818) 1,887,814
Right of use assets 29,621 (14,285)
Accounts payable 247,825 (196,376)
Accrued expenses 522,470 376,126
Deferred revenue 452,124 (316,511)
Net cash used in operating activities (1,990,898) (1,312,346)
Cash Flows from Investing Activities    
Purchases of capitalized development costs (208,245) (221,430)
Purchases of property and equipment (194,326)
Net cash used in investing activities (208,245) (415,756)
Cash Flows from Financing Activities    
Proceeds from notes payable 804,180 1,075,000
Principal payments on notes payable (268,226) (157,364)
Proceeds (payments) on notes and advances from stockholders, net 781,028 (18,500)
Proceeds (payments) on lines of credit, net 352,622 (991,598)
Proceeds from sale of common stock under Equity Purchase Agreement 250,000 1,633,700
Net cash provided by financing activities 1,919,604 1,541,238
Net Decrease in Cash (279,539) (186,864)
Cash, Beginning of Period 300,899 541,591
Cash, End of Period 21,360 354,727
Supplemental and Non Cash Disclosures    
Legal fees netted from loan proceeds 56,233 25,000
Cash paid for interest 110,578 51,401
Stock issued to reduce notes payable 210,407  
Interest on shares issued under Equity Purchase Agreement   2,143,500
Stock issued for services 238,128  
Stock issued for commitment fees 187,750 32,750
Property leased with financing lease   97,253
Change in fair value of derivatives 73,742 1,842,000
Preferred stock issued in exchange for debt $ 1,825,000
Stock issued to convert Preferred Series F $ 451,977