Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss from operations $ (1,625,577) $ (1,355,388)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 259,095 936,471
Amortization of loan costs 2,571 23,708
Amortization of consideration discount 0 363,412
Change in deferred tax asset 0 (472,367)
Stock based compensation 141,298 421,887
Changes in assets and liabilities, net of acquired amounts    
Accounts receivable (194,557) (1,323,364)
Inventory (204,863) (1,856,684)
Prepaid expenses and other assets 170,455 306,369
Operating lease assets and liabilities, net 28,795 (63,022)
Accounts payable and accrued liabilities (494,570) 925,927
Deferred revenue (57,239) 19,819
Net cash used in operating activities - Continuing Operations (1,974,592) (2,073,232)
Net cash used in operating activities - Discontinued Operations 0 (1,718,972)
Net cash used in operating activities (1,974,592) (3,792,204)
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 0 940,000
Acquisition of Cygnet Online LLC, net 0 (500,000)
Acquisition of property and equipment (167,410) (294,676)
Net cash provided by investing activities - Continuing Operations 5,838,106 145,324
Net cash provided by investing activities 5,838,106 145,324
Cash flows from financing activities    
Payment on acquisition notes payable 0 (265,569)
Proceeds from related party advance (100,000) 0
Proceeds on note payable on building 2,634,538 60,373
Net cash used in financing activities - Continuing Operations (2,734,538) (325,942)
Net cash used in financing activities (2,734,538) (325,942)
Net increase (decrease) in cash - Continuing Operations 1,128,976 (2,253,850)
Net decrease in cash - Discontinued Operations 0 (1,718,972)
Cash, beginning of period 661,415 4,492,291
Cash, end of period 1,790,391 519,469
Supplemental Cash Flow Disclosures    
Interest paid 84,362 94,860
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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