v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (1,284,936) $ (1,238,935)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 28,285 22,655
Changes in current assets and current liabilities:    
Accounts receivable 229
Inventory 279 22,910
Prepaid expenses and other current assets 12,099 (65,303)
Accrued expenses and other payables (44,790) 2,233
Net cash used in operating activities (1,289,063) (1,256,211)
Cash flows from investing activities:    
Acquisition of office equipment and intangible assets (64,531) (14,288)
Net cash used in investing activities (64,531) (14,288)
Cash flows from financing activities:    
Payment of loan payable - shareholder, net (15,392) (25,972)
Net proceeds from sale of common stock-offering 5,240,889
Deferred financing costs (73,721)
Net proceeds from sale of common stock 308,858 1,419,686
Net cash provided by financing activities 5,534,355 1,319,993
Effect of exchange rate changes on cash 129,722 324,284
Net increase in cash 4,310,483 373,778
Cash - beginning of period 1,031,486 1,174,950
Cash - end of period 5,341,969 1,548,728
Supplemental disclosures of cash flow information:    
Cash paid for interest
Cash paid for income tax

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