Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net loss from operations $ (2,926,887) $ (3,794,307)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 498,847 1,778,183
Amortization of loan costs 2,571 47,417
Amortization of consideration discount 0 734,824
Change in deferred tax asset 0 (1,201,390)
Stock based compensation 173,876 752,471
Changes in assets and liabilities, net of acquired amounts    
Accounts receivable (554,721) 170,574
Inventory (804,873) 547,972
Prepaid expenses and other assets 410,598 460,813
Operating lease payble 36,946 285,252
Accounts payable and accrued liabilities (98,699) (1,476,031)
Deferred revenue (96,294) (42,414)
Net cash used in operating activities - Continuing Operations (3,358,636) (1,736,636)
Net cash used in operating activities - Discontinued Operations 0 (1,867,998)
Net cash used in operating activities (3,358,636) (3,604,634)
Cash flows from investing activities    
Proceeds from the sale of the building, net 4,005,516 0
Proceeds from the sale of E-core 2,000,000 0
Proceeds from the sale of Interactive Offers, net of liabilities paid 0 147,592
Acquisition of Cygnet Online LLC, net 0 (500,000)
Acquisition of property and equipment (167,410) (480,456)
Net cash provided by investing activities - Continuing Operations 5,838,106 (832,864)
Net cash (used in) provided by investing activities - Discontinued Operations 0 (70,000)
Net cash provided by investing activities 5,838,106 (902,864)
Cash flows from financing activities    
Payment on acquisition notes payable 0 (267,542)
Payment on acquisition notes payable for E-core   (2,313,818)
Proceeds from related party advance (100,000) 0
Proceeds on note payable on building (2,634,538) (121,288)
Net cash used in financing activities - Continuing Operations (2,734,538) (2,702,648)
Net cash (used in) provided by financing activities - Discontinued Operations 0 3,284,532
Net cash used in financing activities (2,734,538) 581,884
Net increase (decrease) in cash - Continuing Operations (255,068) (5,272,148)
Net decrease in cash - Discontinued Operations 0 1,346,534
Cash, beginning of period 661,415 4,492,291
Cash, end of period 406,347 566,677
Supplemental Cash Flow Disclosures    
Interest paid 294,634 614,975
Income tax paid 0 0
Non-cash Investing and Financing Activities    
Issuance of common stock for acquisition of Cygnet 0 162,727
Issuance of debt for acquisition of Cygnet 0 300,000
Bloomios non-cash payment of receivables, net $ 0 $ 845,443

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