v3.22.1
INTERIM CONDENSED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (1,907,750) $ (396,276)
Items not affecting cash    
Accretion expense on convertible debts 66,132 71,725
Amortization 1,562 0
Financing fees 0 26,965
Interest on short term debt 4,962 0
Shares issued for services 132,757 25,000
Shares based compensation 386,449  
Changes in non-cash working capital items:    
Accounts receivable 300 (1,000)
Prepaid expenses 70,057 0
Accounts payable and accrued liabilities 8,265 16,336
Due to related parties 0 (1,358)
NET CASH USED IN OPERATING ACTIVITIES (1,237,266) (258,608)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of computer equipment (4,501) 0
Acquisition of software (243,650) (39,250)
NET CASH USED IN INVESTING ACTIVITIES (248,151) (39,250)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from shares issued 1,425,202 74,000
Proceeds from convertible debt 0 260,000
Convertible debt issuance costs 0 (28,250)
Collection of subscription receivable 0 16,500
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,425,202 322,250
NET INCREASE (DECREASE) IN CASH (60,215) 24,392
CASH AT BEGINNING OF THE PERIOD 583,015 81,872
CASH AT END OF THE PERIOD 522,800 106,264
Non-cash investing and financing activities:    
Software included in accounts payable and accrued liabilities 0 5,000
Shares issued for prepaid expenses 94,693 0
Shares issued with convertible debt 0 33,000
Warrant issued with convertible debt 0 88,818
Equity portion of convertible debts $ 0 $ 124,453

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