Cash Flow

v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (246,064,698) $ (13,684,209)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 456,249 757,758
Unrealized loss (gain) on digital assets 195,059,336 (101,332)
Realized loss on sale of digital assets 6,773,418 0
Digital asset revenue (17,429,206) (985,009)
Digital asset revenue conversion to USD 13,192,785 0
Realized loss on digital asset revenue conversion to USD 4,931,791 0
Amortization of loan costs 3,655,535 30,462
Loss on disposal of property and equipment 237,727 10,743
Gain on extinguishment of debt (10,288,342) 0
Inventory write-off 0 748,874
Bad debt reserve for Amazon receivable 0 933,950
Reduction of acquisition payable 0 (152,500)
Lease impairment (gain on settlement) 0 (269,994)
Impairment on assets from manufacturing shut down 1,422,289 0
Impairment on acquired intangible assets 750,000 0
Issuance of stock for services 0 250,000
Stock-based compensation 21,895,814 2,106,862
Changes in assets and liabilities    
Accounts receivable 60,271 (484,580)
Inventory 886,909 (470,188)
Prepaid expenses and other assets (411,616) 222,005
Operating lease payable (26,667) 20,965
Accounts payable and accrued liabilities 3,950,834 2,865,251
Deferred revenue (8,636) (222,100)
Net cash used in operating activities (20,956,207) (8,423,042)
Cash flows from investing activities    
Proceeds from the sale of building 0 4,005,516
Proceeds from the sale of E-core 0 2,000,000
Proceeds from the sale of MW Products assets 175,000 0
Proceeds from the sale of VitaMedica, Inc. 2,000,000 0
Acquisition of digital assets (40,035,365) (104,910,839)
Proceeds from the sale of digital assets 8,030,606 0
Acquisition of royalty interest (750,000) 0
Acquisition of property and equipment (44,002) (387,760)
Net cash used in investing activities (30,623,761) (99,293,083)
Cash flows from financing activities    
Proceeds from issuance of common stock 75,158,289 92,556,053
Issuance of preferred stock series A 0 325,000
Proceeds from exercise of warrants 107,889 250,000
Repurchases of common stock (2,773,959) 0
Proceeds from short-term treasury debt 5,000,000 0
Repayment of short-term treasury debt (10,400,000) 0
Proceeds from issuance of convertible notes 0 350,000
Repayment of promissory notes (560,000) 0
Proceeds from related party advance 0 75,000
Repayment of related party advance 0 (175,000)
Payments of equity issuance costs (4,519,873) 0
Payments of debt issuance costs (7,628,942) 0
Payment on acquisition notes payable 0 (66,655)
Payment on convertible note 0 (150,000)
Proceeds from issuance of short-term debt 0 20,000,000
Repayment of related party note payable 0 (500,000)
Repayment on note payable on building 0 (2,634,538)
Net cash provided by financing activities 54,383,404 110,029,860
Net increase in cash 2,803,436 2,313,735
Cash, beginning of period 2,975,150 661,415
Cash, end of period 5,778,586 2,975,150
Supplemental Cash Flow Disclosures    
Interest paid 8,372,056 805,880
Income tax paid 11,313 0
Non-cash Investing and Financing Activities    
Issuance of common stock for the repayment of convertible notes payable 12,285,122 1,750,000
Issuance of convertible debt for digital assets acquired 187,131,144 0
Issuance of short-term debt for digital assets acquired $ 42,695,723 $ 0

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