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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Jun. 30, 2020
Current assets    
Cash $ 5,571,431 $ 12,353,307
Restricted cash 2,006,752
Loans receivable 1,000,000
Other receivables 808,946
Receivables reserved for users 322,215
Deposit on business acquisition 500,000
Prepaid expenses and other current assets 891,281 263,345
Total current assets 10,600,625 13,116,652
Equipment, net 67,470 8,041
Right of use asset, net 302,534
Intangible assets, net 6,474,036 2,000
Goodwill 6,908,592
Other non-current assets 1,169,405 6,833
TOTAL ASSETS 25,522,662 13,133,526
Current liabilities    
Accounts payable and accrued expenses 3,351,150 777,778
Liabilities to customers 2,229,724
Contingent consideration 500,000
Notes payable - current 26,880
Operating lease liability - current 143,443
Taxes payable 40,642 12,113
Warrant liability 4,859,782
Liabilities to be settled in stock 927,855
Due to officers 21,658
Total current liabilities 11,151,621 1,739,404
Operating lease liability - non-current 74,450
Notes payable - non - current 314,410
Total liabilities 11,540,481 1,739,404
Commitments and contingencies
Stockholders' equity    
Preferred stock $0.001 par value; 10,000,000 shares authorized, none issued and outstanding
Common stock $0.001 par value; 500,000,000 shares authorized, 13,579,894 and 11,233,223 shares issued and outstanding as of December 31, 2020 and June 30, 2020, respectively 13,580 11,233
Additional paid-in capital 43,665,482 31,918,491
Accumulated deficit (29,634,132) (20,535,602)
Accumulated other comprehensive loss (62,749)
Total stockholders' equity 13,982,181 11,394,122
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 25,522,662 $ 13,133,526