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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of capital structure

 

 

March 31, 2022

 

 

 

 

Authorized

 

Issued

 

Outstanding

 

 

Common stock

 

     20,000,000

 

17,469,128

 

17,430,503

 

$.0001 par value, one vote per share

 

 

 

 

 

 

 

 

 

Preferred stock

 

200,000,000

 

-

 

 -

 

$.0001 par value, one vote per share

 

 

 

 

 

 

 

 

 

Preferred stock - Class A

 

  750,000

 

 -

 

-

 

$.0001 par value; no voting rights

 

 

 

 

 

 

 

 

 

Preferred stock - Class B

 

 1,000,000

 

 -

 

-

 

Voting rights of 10 votes for Preferred B share; 2% preferred dividend payable annually

 

 

 

 

 

 

 

 

 

Preferred stock - Class C

 

 9,000,000

 

 -

 

-

 

$.0001 par value; 500 votes per share, convertible to common stock

 

 

 

 

 

 

 

 

 

Preferred stock - Class F

 

 15,000

 

11,414

 

11,414

 

$.001 par value; no voting rights, convertible to common stock at a fixed price of $0.37 per share; stated value is $1,000 per share

 

 

June 30, 2021

 

 

 

 

Authorized

 

Issued

 

Outstanding

 

 

Common stock

 

20,000,000

 

15,699,414

 

15,449,221

 

$.0001 par value, one vote per share

 

 

 

 

 

 

 

 

 

Preferred stock

 

 200,000,000

 

                  -

 

                      -

 

$.0001 par value, one vote per share

 

 

 

 

 

 

 

 

 

Preferred stock - Class A

 

750,000

 

                  -

 

                      -

 

$.0001 par value; no voting rights

 

 

 

 

 

 

 

 

 

Preferred stock - Class B

 

1,000,000

 

                  -

 

                      -

 

Voting rights of 10 votes for 1 Preferred B share; 2% preferred dividend payable annually

 

 

 

 

 

 

 

 

 

Preferred stock - Class C

 

9,000,000

 

                  -

 

                      -

 

$.0001 par value; 500 votes per share, convertible to common stock

 

 

 

 

 

 

 

 

 

Preferred stock - Class D

 

1,000,000

 

                  -

 

                      -

 

$.0001 par value; no voting rights, convertible to common stock, mandatory conversion to common stock 18 months after issue

 

 

 

 

 

 

 

 

 

Preferred stock - Class E

 

  500,000

 

        500,000

 

       500,000

 

$.0001 par value; no voting rights, convertible to common stock

 

Schedule of contract assets and contract liabilities

 

March 31, 2022

 

June 30, 2021

Contract assets

$           436,930

 

 $          43,360

Contract liabilities

-

 

228,514

 

Schedule of goodwill and intangible assets

 

 

Cost

 

Accumulated Amortization

 

Net Book Value

 

Impairment

 

 

Total

Goodwill

$     834,220

 

 -

$834,220

-

 

$   834,220

Finite-lived assets:

 

 

 

 

 

 

 

Customer list

$ 922,053

 

$ (420,401)

$   501,652

$   (41,053)

 

$460,599

Vendor relationships

484,816

 

(239,500)

245,316

(5,816)

 

239,500

Capitalized product development cost

 

1,157,596

 

 

(381,706)

 

775,890

 

-

 

 

775,890

 

  $   2,564,465

 

  $ (1,041,607)

$   1,522,858

$   (46,869)

 

$1,475,989

 

        

 

 

Cost

 

Accumulated Amortization

 

 

Total

Goodwill

$ 834,220

 

$               -

 

$  834,220

Finite-lived assets:

 

 

 

 

 

Customer list

$ 922,053

 

$ (314,166)

 

$ 607,887

Vendor relationships

484,816

 

(168,474)

 

316,342

Product development costs

790,118

 

(197,532)

 

592,586

 

  $ 2,196,987

 

  $ (680,172)

 

$1,516,815