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Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 32,673,801 $ 12,066,000
Accounts receivable, net 9,421,497 1,327,000
Prepaid expenses and other current assets 1,289,183 671,000
Contract assets 23,586,036 0
Total current assets 66,970,517 14,064,000
Other assets 2,124,832 626,000
Property and equipment, net 589,205 343,000
Right-of-use lease assets 8,965,426 6,887,000
Amortizable intangible assets, net 70,306,005 2,603,000
Goodwill 55,349,535 19,368,000
Total assets 204,305,520 43,891,000
Current liabilities:    
Accounts payable 15,298,068 2,362,000
Accrued and other current liabilities 28,649,548 6,001,000
Acquisition liabilities 9,108,504 0
Current portion of long-term debt, net of deferred financing costs 1,538,220 0
Convertible notes payable 50,000 50,000
Note payable - related party, current 100,000 200,000
Net related party payables, current 0 41,000
Contract liabilities 11,321,159 5,973,000
Operating lease liabilities, current 2,682,457 3,344,000
Derivative liabilities - financing warrants 30,215,221 13,000
Taxes payable, net 689,882 62,000
Stimulus loan program, current 0 22,000
Contingent liability 3,615,000 0
Total current liabilities 103,268,059 18,068,000
Long-term liabilities:    
Long-term debt, net of deferred financing costs 65,581,203 0
Operating lease liabilities, non-current 8,994,073 5,835,000
Preferred stock liability 15,996,537 0
Stimulus loan program, non-current 0 547,000
Other liabilities 74,909 703,000
Total liabilities 193,914,781 25,153,000
Commitments and contingencies  
Stockholders’ equity:    
Common stock, ($0.001 par value: 300,000,000 shares authorized, 64,209,616 and 39,496,588 shares issued and outstanding as of June 30, 2022 and 2021, respectively) 43,660 40,000
Additional paid-in-capital 236,876,523 204,788,000
Stock payable 0 1,210,000
Accumulated deficit (225,582,006) (186,889,000)
Accumulated Other comprehensive loss (955,438) (418,000)
Total stockholders’ equity 10,390,739 18,738,000
Total liabilities and stockholders’ equity $ 204,305,520 $ 43,891,000
Preferred stock, par or stated value per share (in USD per share) $ 0.01 $ 0.01
Series D Convertible Preferred Stocks    
Stockholders’ equity:    
Preferred stock, par or stated value per share (in USD per share) $ 0.01 $ 0.01
Preferred stock, shares outstanding (in shares) 0 0
Preferred stock, shares issued (in shares) 0 0
Series A Preferred Stock    
Stockholders’ equity:    
Series A Preferred Stock ($0.01 par value: 5,000,000 shares authorized, 0 and 720,000 shares issued and outstanding as of June 30, 2022 and 2021, respectively) $ 0 $ 7,000
Preferred stock, par or stated value per share (in USD per share) $ 0.01 $ 0.01
Preferred stock, shares outstanding (in shares) 0 720,000
Preferred stock, shares issued (in shares) 0 720,000
Series B Preferred Stock    
Stockholders’ equity:    
Series B Convertible Preferred Stock ($0.01 par value: 3,000,000 shares authorized, 0 and 0 shares issued and outstanding as of June 30, 2022 and 2021, respectively) $ 0 $ 0
Preferred stock, shares outstanding (in shares) 0  
Preferred stock, shares issued (in shares) 0  
Series C Preferred Stock    
Stockholders’ equity:    
Series C Convertible Preferred Stock ($0.01 par value: 1,200,000 shares authorized, 0 and 0 shares issued and outstanding as of June 30, 2022 and 2021, respectively) $ 0 0
Preferred stock, shares outstanding (in shares) 0  
Preferred stock, shares issued (in shares) 0  
Series D Preferred Stock    
Stockholders’ equity:    
Series D Convertible Preferred Stock ($0.01 par value: 2,500,000 shares authorized, 0 and 0 shares issued and outstanding as of June 30, 2022 and 2021, respectively) $ 0 0
Preferred stock, shares outstanding (in shares) 0  
Preferred stock, shares issued (in shares) 0  
Series E Preferred Stock    
Stockholders’ equity:    
Series E Preferred Stock $ 8,000 $ 0
Preferred stock, par or stated value per share (in USD per share) $ 0.01 $ 0.01
Preferred stock, shares outstanding (in shares) 0 0
Preferred stock, shares issued (in shares) 0 0