Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (2,802,548) $ (2,298,431)  
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation expense 434,908 434,809  
Amortization expense 367,500 367,500  
Change in fair value of warrant liability (5,000) (50,000) $ (331,000)
Change in fair value of restructured notes payable 720,000 (137,634)  
Financing costs 7,300 120,000  
(Loss) gain on sale of machinery and equipment 10,357 (5,785)  
Shares issued for services 4,700  
Amortization of operating lease right-of-use assets 3,732 20,293  
Changes in operating assets and liabilities:      
Accounts receivable 5,285 (19,004)  
Inventory 8,158 (20,932)  
Prepaid expenses 8,177 32,462  
Deferred offering costs (55,503)  
Accounts payable 189,038 35,636  
Other accrued expenses 99,079 12,032  
Accrued expenses - related parties 142,652 171,690  
Accrued interest - related parties 9,750 6,250  
Operating lease liabilities (4,773) (18,981)  
Cash used in operating activities (806,385) (1,400,898)  
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid for fixed assets (39,308)  
Cash received for sale of machinery and equipment 10,000 19,000  
Cash provided by (used in) investing activities 10,000 (20,308)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Payments of notes payable (24,000)  
Proceeds from sale of stock 485,838 1,298,512  
Proceeds from sale of Series G Preferred Shares 200,000  
Cash provided by financing activities 685,838 1,274,512  
NET CHANGE IN CASH (110,547) (146,694)  
CASH AT BEGINNING OF PERIOD 115,525 216,465 216,465
CASH AT END OF PERIOD 4,978 69,771 $ 115,525
INTEREST PAID 3,899 7,472  
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Shares issued upon conversion of Preferred stock 828,000  
Shares issued upon exchange of Partitioned Note 100,000  
Dividends on Series E Preferred stock 404,825  
Dividends in kind issued 75,097 516,000  
Shares issued/to be issued, for legal settlement $ 272,743