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Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss)/income $ (5,540,753) $ 7,333,916
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Amortization of intangible assets 57,344 57,344
Stock based compensation - restricted stock 286,759
Stock option based compensation expense 1,926,962
Interest expense from convertible debenture 537,275
Change in fair value of derivative liabilities (8,279,919)
Changes in operating assets and liabilities:    
Other assets (12,436) 323,591
Accounts payable and accrued expenses (316,981) (1,056,032)
Other liabilities 1,064,479
Net cash used in operating activities (2,534,626) (1,083,825)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock 18,511,009 15,628,010
Payment of convertible debenture - related party (1,821,818)
Proceeds from convertible debenture - related party 436,000
Net cash provided by financing activities 18,511,009 14,242,192
Net increase in cash 15,976,383 13,158,367
Cash, beginning of period 4,511,642 37,195
Cash, end of period 20,488,025 13,195,562
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 1,114 70,444
Cash paid for taxes
SCHEDULE OF NON-CASH FINANCING ACTIVITIES:    
Deemed dividends - related party $ 53,598,320