Dynamic Gold Corp.

CIK:0001304730|SEC Filings

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue	$ 199,584	$ 130,027	$ 625,069	$ 638,389
Operating costs:
Cost of food and beverages	102,793	27,298	165,198	126,706
Selling, general and administrative expenses	21,890	212,637	345,347	614,465
Depreciation and amortization	81,865	42,685	168,608	131,768
Total operating expenses	206,548	282,620	679,153	872,939
Operating loss	(6,964)	(152,593)	(54,084)	(234,550)
Other income (expense):
Litigation reserve expense	(196,320)	(9,316)	(592,707)	(484,264)
Interest Income		21		50
Other income (expense), net	352	(48,052)	(2,455)	(46,397)
Total other expense, net	(195,968)	(57,347)	(595,162)	(530,611)
Net loss	(202,932)	(209,940)	(649,246)	(765,161)
Foreign currency translation, net tax	7,130	(37,684)	91,357	499,871
Comprehensive loss	$ (195,802)	$ (247,624)	$ (557,889)	$ (265,290)
Earnings per share
Basic and diluted loss per share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.01)
Weighted average common shares outstanding	139,314,416	139,314,416	139,314,416	139,314,416

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flow from operating activities
Net loss	$ (649,246)	$ (765,161)
Adjustments to reconcile loss to net cash provided by operating activities:
Depreciation and amortization	168,608	131,768
Legal reserve	591,697	484,263
Amortization of Right-of-use assets	8,928
Bad debt expense
Changes in operating assets and liabilities：
Increase (decrease) in receivables	8,741	2,158
(Decrease) increase in related party receivables	(26,275)	37,446
(Decrease) increase in accounts payable and accrued liabilities	(17,751)	27,049
Increase in unearned revenues	27,665	62,544
Increase of customer deposits – long-term	98,921	53,163
Net cash provided by operating activities	211,288	33,230
Cash flow from investing activities
Deposits paid for assets purchase	(115,198)
Purchase of equipment		(20,513)
Net cash used in investing activities	(115,198)	(20,513)
Cash flow from financing activities
Decrease in related party payable	(74,116)	(80,942)
Net cash used in financing activities	(74,116)	(80,942)
Effect of exchange rate changes	(37,945)	2,388
Decrease in cash	(15,971)	(65,837)
Cash, beginning	28,061	119,955
Cash, ending	$ 12,090	$ 54,118

Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Current assets:
Cash	$ 12,090	$ 28,080
Accounts and other receivables	26,038	34,418
Receivable - related parties	60,733	43,809
Total current assets	98,861	106,307
Deposits for assets purchased	20,856,120	20,597,809
Properties and equipment, net	5,618,867	5,713,732
Right -use-of asset		73,368
Total assets	26,573,848	26,491,216
Current liabilities:
Accounts payable and accrued liabilities	106,133	95,435
Payable to related parties	3,806,413	3,869,479
Unearned revenue	136,844	107,549
Lease liability		64,488
Litigation reserve	2,941,564	2,314,786
Customer deposits, noncurrent	223,999	122,695
Total liabilities	7,214,953	6,574,432
Commitments and contingencies – Note 7
STOCKHOLDERS’ DEFICIT
Preferred stock: authorized 10,000,000 shares of $0.001 par value; issued and outstanding, none
Common stock: authorized 200,000,000 shares of $0.001 par value; 139,314,416 shares issued and outstanding,	139,314	139,314
Additional paid-in capital	29,719,865	29,719,865
Accumulated other comprehensive loss	(499,055)	(590,412)
Accumulated deficit	(10,001,229)	(9,351,983)
Total stockholders’ equity	19,358,895	19,916,784
Total liabilities and stockholders’ equity	$ 26,573,848	$ 26,491,216