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Related Party Transactions
6 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions

Note 6. Related Party Transactions

 

The Company entered into transactions and owes balances related to cash to officers and directors.

 

a) The Company currently leases office space from the Chief Executive Officer of the Company, Grant Johnson. During the six months ended December 31, 2019 and 2018, the Company incurred rent of $4,800 for both periods, charged by its Chief Executive Officer. As of December 31, 2019 and 2018, the Company owed $0 and $1,200, respectively, to its Chief Executive Officer related to rent payments.

 

b) The Company provides an expense advance to David Watt, a Director of the Company. For the six months ended December 31, 2019 and 2018, the Company had provided an expense advance of $19,337 and $16,023, respectively, to Mr. Watt. As of December 31, 2019 and June 30, 2019, the Company included in prepaid expenses and other current assets – related party $16,050 for both periods related to David Watt's expense advance.

 

c) During the six months ended December 31, 2019 and 2018, Swiss Interactive Software GmbH ("Swiss") charged the Company software consulting fees of $20,505 and $0, respectively, related to the development of the Company's online gaming website. Mr. Rozum is the controlling shareholder of Swiss and was a director and the CTO of the Company until his resignation on September 19, 2019. As of December 31, 2019 and June 30, 2019, the Company owed $36,650 and $93,265, respectively to Swiss.

 

d) During the six months ended December 31, 2019 and 2018, Ardmore Software SP.Z.O.O. ("Ardmore") charged the Company IT consulting fees of $0 and $243,426, respectively and rent expense, totaling $0 and $35,379, respectively. Mr. Rozum is the controlling shareholder of Ardmore and was a director and the CTO of the Company until his resignation on September 19, 2019. As of December 31, 2019 and June 30, 2019, the Company owed $0 and $9,230, respectively.