GALAXY NEXT GENERATION, INC. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2022 12 months to Jun 30, 2022	FY2021 12 months to Jun 30, 2021	FY2020 12 months to Jun 30, 2020	FY2018 12 months to Dec 31, 2017	FY2017 12 months to Dec 31, 2016
Cash Flows from Operating Activities
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
Stock returned to treasury
Building and land impairment
Stock issued for services
Depreciation and amortization of property, equipment and intangibles
Loss on disposal of property and equipment
Amortization of debt discounts
Impairment expense
Change in fair value of derivative liability
Impairment of goodwill and intangible assets
Extinguishment of PPP loan
Stock issued for services and donated
Non cash interest expense for issuance of common shares as consideration paid under the Equity Purchase Agreement
Non cash interest expense for issuance of common shares as consideration paid to reduce liabilities
Stock issued under the Equity Purchase Agreement
Stock issued for commitment fees
Stock issued to reduce liabilities

Changes in assets and liabilities:
(Increase) decrease in other assets
Increase in other assets
Decrease in other current assets
Increase in accounts payable
Increase in accrued interest
Decrease in accrued expenses and other current liabilities
Accounts receivable
Inventories
Prepaid expenses and other assets
Right of use assets
Accounts payable
Accrued expenses
Deferred revenue

Net cash used in operating activities
Cash Flows from Investing Activities
Acquisition of business
Purchases of property and equipment
Capitalization of development costs
Net cash used in investing activities
Cash Flows from Financing Activities
Principal payments on financing lease obligations
Principal payments on notes payable
Payments on related party notes
Payments on convertible notes payable
Payments on equipment note payable
Proceeds from PPP and auto loans
Proceeds from convertible notes payable
Proceeds from notes payable
Proceeds from issuance of common stock
Payments on line of credit, net
Proceeds from notes payable-related parties
Proceeds from advances - related parties
Payments on notes payable - related parties
Payments on notes payable
Net cash provided by financing activities

Net increase in cash
Net (Decrease) Increase in Cash and Cash Equivalents
Cash, Beginning of Period
Cash, End of Period
Supplemental and Non Cash Disclosures
Interest
Stock issued for services
Noncash additions related to convertible debt
Noncash additions related to notes payable
Cash paid for interest
Related party note payable issued for acquisition of business
Settlement of conversion features
Acquisition of intangibles
Convertible notes and warrants extinguished
Stock issued for services and donated
Property and equipment purchased with financing lease
Fair value of convertible note issued to stockholder
Fair value of preferred stock-Series E issued to stockholder
Non-cash principal payments from proceeds of convertible debt
Accretion of discount on notes payable
Common stock issued in exchange for convertible debt reduction
Common stock issued in connection with the Equity Purchase Agreement

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