Prepaid Expenses and Other Current Assets

6 Months Ended

Dec. 31, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

Note 4 – Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets as of December 31, 2020 and June 30, 2020 consists of the following

	December 31, 2020		June 30, 2020
Loan receivable from Phoenix Games Network Limited	$	274,067	$	-
Other receivable		132,769		-
Prepaid insurance		60,206		159,941
Prepaid service contract		84,052		-
Prepaid equity		50,000		100,000
Marketing expenses		34,129		-
Licenses and fees		29,487		-
Other prepaid operating costs		226,571		3,404
Prepaid expenses and other current assets	$	891,281	$	263,345

The Company completed the acquisition of Phoenix Games Network Limited on January 21, 2021. The settlement of the loan receivable from Phoenix Network Games Limited is included in the purchase consideration for this acquisition discussed further in Note 16, Subsequent Events.