Cash Flow

v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss from operations $ (6,758,547) $ (7,912,922)
Depreciation and amortization 716,557 2,635,560
Amortization of loan costs 11,868 81,602
Amortization of consideration discount 358,038 900,339
Change in deferred tax asset 0 (2,668,769)
Inventory write off for Amazon Inventory 499,924 0
Provision for credit losses for Amazon receivable 554,260 0
Reduction of acquisition payable (152,500)  
Unrealized (gain) loss on digital assets 5,268 0
Lease impairment (gain on settlement) (269,994) 0
Stock based compensation 695,229 965,229
Changes in assets and liabilities, net of acquired amounts    
Accounts receivable (128,272) 459,747
Inventory (392,908) 2,251,230
Prepaid expenses and other assets 491,578 642,111
Operating lease payable 23,794 301,492
Accounts payable and accrued liabilities 419,700 (1,333,894)
Deferred revenue (211,341) (22,431)
Net cash used in by operating activities - Continuing Operations (4,137,346) (3,700,706)
Net cash provided by operating activities - Discontinued Operations 0 879,614
Net cash used in operating activities (4,137,346) (2,821,092)
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 and sale of digital assets (50,000)  
Acquisition of Cygnet Online LLC, net 0 (500,000)
Acquisition of property and equipment (197,999) (663,057)
Net cash provided by (used in) investing activities - Continuing Operations 5,757,517 (1,015,465)
Net cash (used in) investing activities - Discontinued Operations 0 (70,000)
Net cash provided by (used in) investing activities 5,757,517 (1,085,465)
Cash flows from financing activities    
Payment on acquisition notes payable 0 (280,972)
Payment on acquisition notes payable for E-core 0 (3,184,089)
Issuance of preferred stock series A 325,000 0
Repayment of Cygnet notes payable (66,656) 0
Proceeds from related party advance 75,000 0
Proceeds from issuance of convertible notes 350,000 0
Repayment of related party advance (100,000) 0
Repayment on note payable on building (2,634,538) (180,887)
Net cash used in financing activities - Continuing Operations (2,051,194) (3,645,948)
Net cash (used in) provided by financing activities - Discontinued Operations 0 3,284,532
Net cash used in financing activities (2,051,194) (361,416)
Net (decrease) increase in cash - Discontinued Operations 0 4,094,146
Net decrease in cash - Continuing Operations (431,023) (8,362,119)
Cash, beginning of period 661,415 4,492,291
Cash, end of period 230,392 224,318
Supplemental Cash Flow Disclosures    
Interest paid 329,102 1,505,162
Income tax paid 0 0
Non-cash Investing and Financing Activities    
Issuance of common stock for acquisition of Cygnet 0 162,727
Issuance of common stock for the repayment of convertible note payable 850,000 500,000
Issuance of debt for acquisition of Cygnet 0 300,000
Bloomios non-cash payment of receivables, net $ 0 $ 845,443

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