NOTE PAYABLE RELATED PARTY	6 Months Ended
Dec. 31, 2021
NOTE PAYABLE RELATED PARTY
NOTE 6 - NOTE PAYABLE RELATED PARTY	NOTE 6 – NOTE PAYABLE RELATED PARTY As of December 31, 2021 and June 30, 2021, the Company owed the founder and CEO of Troika Design Group, Inc., Dan Pappalardo, approximately $150,000 and $200,000, respectively. The loan was due and payable on demand and accrued interest at 10.0% per annum. In the three and six months ending December 31, 2021, the Company made payments of $30,000 and $50,000 in principal, respectively. Interest expense of $4,000 and $9,000 were recorded for this note for the three and six months ending December 31, 2021, respectively. Interest expense of $5,000 and $10,000 were recorded for this note for the three and six months ending December 31, 2020, respectively. As of December 31, 2021 and 2020, the Company owed the estate of his mother Sally Pappalardo $0 and $235,000, respectively. The loan was due and payable on demand and accrued interest at 10.0% per annum. Interest expense of $5,000 and $10,000 were recorded for this note for the three and six months ending December 3, 2020, respectively. In the year ended June 30, 2021, the Company paid $300,000 to the estate of Sally Pappalardo representing the outstanding principal of $235,000 and accrued interest of $65,000. The holder provided the Company a signed release acknowledging all obligations under the note had been paid in full. During the year ended June 30, 2020, the Company issued a convertible promissory note of $1,300,000 to a related party with an interest rate of 5.0% and convertible into shares of the Company’s common stock at a rate of $0.75 per share. The holder elected to convert the debt into shares of the Company’s common stock in July 2019 at a rate of $0.75 per share for 1,733,334 shares. This balance was recorded as stock payable on June 30, 2020 as the shares were not issued until July 2020. Total interest expense on note payable related party was $4,000 and $9,000 for these notes for the three and six months ending December 31, 2021, respectively. Total interest expense on note payable related party was $10,000 and $20,000 for these notes for the three and six months ending December 31, 2020, respectively.

NOTE PAYABLE RELATED PARTY

6 Months Ended

Dec. 31, 2021

NOTE 6 – NOTE PAYABLE RELATED PARTY

As of December 31, 2021 and June 30, 2021, the Company owed the founder and CEO of Troika Design Group, Inc., Dan Pappalardo, approximately $150,000 and $200,000, respectively. The loan was due and payable on demand and accrued interest at 10.0% per annum. In the three and six months ending December 31, 2021, the Company made payments of $30,000 and $50,000 in principal, respectively. Interest expense of $4,000 and $9,000 were recorded for this note for the three and six months ending December 31, 2021, respectively. Interest expense of $5,000 and $10,000 were recorded for this note for the three and six months ending December 31, 2020, respectively.

As of December 31, 2021 and 2020, the Company owed the estate of his mother Sally Pappalardo $0 and $235,000, respectively. The loan was due and payable on demand and accrued interest at 10.0% per annum. Interest expense of $5,000 and $10,000 were recorded for this note for the three and six months ending December 3, 2020, respectively. In the year ended June 30, 2021, the Company paid $300,000 to the estate of Sally Pappalardo representing the outstanding principal of $235,000 and accrued interest of $65,000. The holder provided the Company a signed release acknowledging all obligations under the note had been paid in full.

During the year ended June 30, 2020, the Company issued a convertible promissory note of $1,300,000 to a related party with an interest rate of 5.0% and convertible into shares of the Company’s common stock at a rate of $0.75 per share. The holder elected to convert the debt into shares of the Company’s common stock in July 2019 at a rate of $0.75 per share for 1,733,334 shares. This balance was recorded as stock payable on June 30, 2020 as the shares were not issued until July 2020.

Total interest expense on note payable related party was $4,000 and $9,000 for these notes for the three and six months ending December 31, 2021, respectively. Total interest expense on note payable related party was $10,000 and $20,000 for these notes for the three and six months ending December 31, 2020, respectively.