ASI ENTERTAINMENT INC

CIK:0001067873|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
CONDENSED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Operating expenses
General and administrative expenses	$ 135,491	$ 127,216	$ 457,413	$ 658,230
Selling expenses	57,000	63,754	171,905	230,725
Total operating expenses	192,491	190,970	629,318	888,955
Loss from operations	(163,914)	(190,970)	(546,865)	(888,955)
Other expense
Interest expense	55,563	108,090	159,044	366,597
Interest expense - related party	21,913	21,716	65,589	65,007
Capital raising costs	0	4,343	0	34,718
Total other expense	77,476	134,149	224,633	466,322
Net income (loss) for the period	$ (241,390)	$ (325,119)	$ (771,498)	$ (1,355,277)
Net loss per share - (basic and diluted)	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.01)
Weighted average number of common shares outstanding - (basic and diluted)	282,609,843	266,066,435	280,355,302	260,296,589
BizjetMobile service fees - related parties
Revenue
Revenues	$ 28,577	$ 0	$ 82,453	$ 0

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities
Net income (loss) for the period	$ (771,498)	$ (1,355,277)
Changes in operating assets and liabilities
Increase (Decrease) in accounts payable	13,877	39
Increase (Decrease) in related party payables	181,770	(17,150)
Increase in prepaid expenses		(87,891)
Issuance of common stock for directors fees(CF)	0	199,920
Issuance of common stock for services(CF)	0	34,718
Issuance of common stock for services, related parties(CF)	0	21,000
Increase (Decrease) in related party accrued interest	56,250	56,250
Decrease (increase) in accrued interest	157,543	120,901
Net cash used in operating activities	(362,058)	(1,027,490)
Cash flows from investing activities
Net cash used by investing activities	0	0
Cash flows from financing activities
Proceeds from loans	0	19,168
Shares issued in lieu of interest	0	307,482
Proceeds from issuance of common stock	249,320	677,313
Funds received pending issuance of common stock	8,804	0
Net cash provided by financing activities	258,124	1,003,963
Net Increase/(Decrease) in cash	(103,934)	(23,527)
Cash, beginning of period	108,098	157,601
Cash, end of period	4,164	134,074
Supplemental schedule of non-cash activities
Cash paid for interest	1,688	6,937
Common stock issued, non-cash	$ 0	$ 336,102

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Current Assets
Cash	$ 4,164	$ 108,098
Prepaid expenses, current	25,000	25,000
Total current assets	29,164	133,098
Total assets	29,164	133,098
Current Liabilities
Accounts payable and accrued expenses	19,599	5,723
Related party payables, current	887,549	484,938
Loans payable, current	54,838	77,727
Due to related parties, current	0	228,811
Subscription for capital payable	10,000	1,196
Convertible notes, current, net	1,099,391	0
Convertible notes, related, current	643,750	0
Total current liabilities	2,715,127	798,395
Non-Current Liabilities
Convertible notes, net	0	918,959
Convertible notes, net, related	0	587,500
Total non-current liabilities	0	1,506,459
Total liabilities	2,715,127	2,304,854
Stockholders' Deficit
Preferred stock $0.0001 par value; 50,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.0001 par value, 500,000,000 authorized, and 283,252,495 and 278,697,573 were issued and outstanding as of March 31, 2023 and June 30, 2022, respectively	28,323	27,870
Additional paid-in capital	14,400,991	14,152,124
Treasury stock, value	(5)	(5)
Accumulated deficit	(17,115,272)	(16,351,745)
Total stockholders' deficit	(2,685,963)	(2,171,756)
Total liabilities and stockholders' deficit	$ 29,164	$ 133,098