Subsequent Events |
9 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Note 14 - Subsequent Events
On April 1, 2023, the Company executed amendments and issued pre-funded warrants to purchase up to shares of the Company’s common stock in exchange for two promissory notes and two stock purchase agreements for $100,000 of additional capital.
On April 11, 2023, the Company issued 10,000,000 shares of common stock in exchange for $100,000 of debt reduction.
On April 10, 2023, the Company issued 5,757,576 shares of common stock in exchange for $19,000 of debt reduction.
On May 10, 2023, the Company entered into a financing agreement with a related party for a $1,500,000 loan. The related party funded $1,000,000 of the total available amount at closing. The financing agreement is a combination of debt and equity. The debt portion is a 5 year term loan at 12% interest. The lender has a preferred stock option as well depending on when the loan portion is paid back. |