Consolidated Statements of Cash Flows - USD ($)
|
3 Months Ended |
12 Months Ended |
Sep. 30, 2021 |
Sep. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
|
| Net loss |
$ (490,658)
|
$ (425,545)
|
$ (2,025,947)
|
$ (4,740,723)
|
| Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: |
|
|
|
|
| Issuance and amortization of common stock for services |
133,422
|
|
125,572
|
1,098,452
|
| Foreign currency transaction gain |
(109,129)
|
(1,960)
|
(30,497)
|
143,808
|
| Depreciation expense |
509
|
438
|
1,993
|
2,473
|
| Amortization of debt discounts |
6,074
|
121,281
|
136,527
|
734,130
|
| Change in fair value of derivative liabilities |
3,904
|
(64,952)
|
8,186
|
(385,293)
|
| Gain on extinguishment of debt, net |
|
(49,985)
|
(50,607)
|
(67,123)
|
| Gain from settlement of debt, net |
|
|
(49,319)
|
|
| Stock option and restricted stock expense |
20,718
|
20,718
|
82,872
|
300,416
|
| Non-cash interest expense |
2,250
|
6,750
|
16,500
|
15,000
|
| Accretion of put premium |
90,192
|
|
200,410
|
836,724
|
| Changes in Assets and Liabilities: |
|
|
|
|
| GST receivable |
1,937
|
(755)
|
(2,147)
|
3,332
|
| Prepaid expenses and other assets |
(8,353)
|
|
|
83,157
|
| Accounts payable |
(137,927)
|
53,576
|
178,311
|
(59,737)
|
| Deferred rent |
|
633
|
(3,695)
|
3,394
|
| Employee benefit liability |
4,067
|
10,544
|
33,134
|
35,724
|
| Accrued expenses and other payables |
(15,102)
|
133,046
|
152,861
|
(9,740)
|
| Accrued interest |
11,338
|
16,262
|
80,582
|
156,417
|
| NET CASH USED IN OPERATING ACTIVITIES |
(486,758)
|
(179,949)
|
(1,145,264)
|
(1,849,589)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
|
| Proceeds from convertible promissory notes, net of original issue discounts and issue costs |
160,000
|
|
325,000
|
1,465,250
|
| Repayments of convertible promissory notes |
|
(43,000)
|
(43,000)
|
|
| Proceeds from the sale of common stock |
|
|
|
450,000
|
| Fees associated with offering costs |
|
|
|
(25,010)
|
| Proceeds from the exercise of warrants |
275,000
|
201,044
|
776,044
|
|
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
435,000
|
158,044
|
1,058,044
|
1,890,240
|
| Effect of exchange rate changes on cash |
95,320
|
6,116
|
22,468
|
23,962
|
| NET INCREASE (DECREASE) IN CASH |
43,562
|
(15,789)
|
(64,752)
|
64,613
|
| CASH AT BEGINNING OF PERIOD |
2,255
|
67,007
|
67,007
|
2,394
|
| CASH AT END OF PERIOD |
45,817
|
51,218
|
2,255
|
67,007
|
| Supplemental Disclosure of Cash Flow Information |
|
|
|
|
| Interest |
|
13,172
|
13,621
|
6,110
|
| Income Tax |
|
|
|
|
| Supplemental Disclosure of Non-Cash Investing and Financing Activities |
|
|
|
|
| Reduction of put premium related to conversions of convertible notes |
109,643
|
204,919
|
590,504
|
874,924
|
| Conversion of convertible notes and accrued interest to common stock |
197,936
|
417,670
|
1,142,205
|
1,814,336
|
| Discounts related to warrants issued with convertible notes |
|
|
|
375,905
|
| Discounts related to derivative liability |
|
|
|
227,000
|
| Operating lease right-of-use asset and operating lease liability recorded on adoption of ASC 842 |
|
|
|
48,662
|
| Reversal of common stock issuable and put premium due to cancellation of conversions of convertible debt and accrued interest |
|
|
31,801
|
|
| Deemed dividend upon alternate cashless exercise of warrants |
114,844
|
|
391,749
|
|
| Accounts payable reclass to convertible notes |
|
|
$ 25,000
|
|
| Common stock issued for accrued services |
448,440
|
|
|
|
| Subscription receivable |
$ 100,000
|
|
|
|