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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Net revenue        
Fund management - related party $ 5,868,558 $ 5,997,085 $ 17,226,969 $ 19,182,801
Net revenue 8,793,688 9,543,362 27,963,824 30,255,370
Cost of revenue 2,065,422 2,336,541 7,132,249 7,121,339
Gross profit 6,728,266 7,206,821 20,831,575 23,134,031
Operating expense        
General and administrative expense 1,651,057 1,512,387 4,973,337 5,071,090
Fund operations 1,171,282 860,027 3,375,135 2,562,525
Marketing and advertising 755,403 689,939 2,160,180 2,227,322
Depreciation and amortization 136,909 178,588 424,727 521,584
Salaries and compensation 1,969,998 1,925,571 6,677,378 6,106,978
Legal settlement 0 0 2,500,000 0
Total operating expenses 5,684,649 5,166,512 20,110,757 16,489,499
Income from operations 1,043,617 2,040,309 720,818 6,644,532
Other income:        
Other income 251,767 26,748 46,398 203,275
Interest and dividend income 5,546 6,730 19,030 22,193
Interest expense (9,856) (9,988) (30,142) (30,215)
Total other income, net 247,457 23,490 35,286 195,253
Income before income taxes 1,291,074 2,063,799 756,104 6,839,785
Provision of income taxes (420,940) (480,991) (743,628) (1,685,754)
Net income $ 870,134 $ 1,582,808 $ 12,476 $ 5,154,031
Weighted average shares of common stock        
Basic and diluted (in shares) 38,831,576 38,473,159 38,561,536 38,473,159
Net income per common share        
Basic and diluted (in dollars per share) $ 0.02 $ 0.04 $ 0.00 $ 0.13
Food and Beverage [Member]        
Net revenue        
Revenue $ 1,667,345 $ 2,015,529 $ 6,131,791 $ 6,212,698
Security Alarm Monitoring [Member]        
Net revenue        
Revenue 555,006 717,664 1,888,362 2,013,819
Beauty Products [Member]        
Net revenue        
Revenue $ 702,779 $ 813,084 $ 2,716,702 $ 2,846,052