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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income $ (475,606) $ 57,317
Items not involving cash:    
Depreciation of property and equipment 702 7,821
Gain on disposition of assets 258,361
Stock-based compensation 806
Changes in operating working capital:    
Decrease (Increase) in accounts receivable (134,531) (221,771)
Decrease (increase) in investment tax credits 128,718 128,025
Decrease (increase) in prepaid expenses (13,312) 14,132
Increase (decrease) in accounts payable 43,142 (16,840)
Increase (decrease) in accrued liabilities (24,980) (299)
Increase (decrease) in deferred revenue (57,862) (16,505)
Cash flows provided by operating activities (244,995) (47,978)
INVESTING ACTIVITIES    
Purchase of property and equipment (6,576)
Proceeds on sale of assets (258,361)
Purchase of intangible asset
Purchase of investment
Cash flows used in investing activities (258,361) (6,576)
FINANCING ACTIVITIES    
Cash flows provided by financing activities (102,488) (77,322)
Effect of changes in exchange rates on cash 400,868 (22,768)
Cash and cash equivalents, beginning of period 429,824 506,624
Cash and cash equivalents, end of period $ 327,336 $ 429,202