BUSINESS ACQUISITION (Tables)

12 Months Ended

Jun. 30, 2021

BUSINESS ACQUISITION

Schedule of fair Value Of assets(liability) Acquired

Consideration
Cash	$	2,000,110
Legal fees		(175,162	)
Notes payable due to sellers		393,885
Royalty fee liability		1,500,000
Total consideration	$	3,718,833
Fair value of net identifiable assets (liabilities) acquired
Cash	$	412,276
Accounts receivable		84,674
Deposits and prepaid expenses		15,139
Notes receivable		110,510
Property, plant and equipment		335,426
Right of asset		796,771
Total fair value of net identifiable assets	$	1,754,796
Accounts payable and accrued expenses		625,462
Notes payable, current, net of debt discount		454,524
PPP Loan		439,160
Lease Liability		796,771
Total fair value of net identifiable liabilities	$	2,315,917
Fair value of net identifiable assets (liabilities) acquired	$	(561,121	)
Goodwill	$	4,279,954

Schedule of company's result of operation

	2021			2020
Net revenue	$	677,997		$	1,185,577
Net loss	$	(3,513,187	)	$	(1,192,442	)
Net loss per share- basic and diluted	$	(0.60	)	$	(0.00	)
Weighted average number of shares of common
stock outstanding- basic and diluted		2,117,130			2,992,222