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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (9,098,530) $ (5,908,431)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 717,890 15,527
Stock based compensation 2,311,591 329,960
Change in fair market value of warrant liability (628,389)
Right of use asset amortization 86,320
Impairment of intangible asset 67,131
Net amortization of debt discount and premium on convertible debt 550,259
Change in the fair market value of derivative liabilities (1,087,347)
Loss on extinguishment of debt 2,795,582
Non-cash interest expense 2,064,749
Gain on settlement of debt (42,896)
Changes in operating assets and liabilities:    
Other receivables (169,801)
Receivables reserved for users (282,326)
Prepaid expenses and other current assets (279,452) 19,123
Other non-current assets (1,770)
Accounts payable and accrued expenses 296,483 226,214
Liabilities to customers 403,250
Operating lease liability (40,788)
Taxes payable (39,235)
Due to officers (21,658)
Net cash used in operating activities (6,746,415) (970,129)
Cash flows from investing activities:    
Payment made in connection with LHE Enterprises Limited business acquisition, net of cash acquired of $21,074 (728,926)
Payment made in connection with FLIP business acquisition (100,000)
Payments made in connection with loans receivable (1,000,000)
Purchase of intangible assets (337,827)
Purchase of property and equipment (12,660)
Net cash used in investing activities (2,179,413)
Cash flows from financing activities:    
Proceeds from the exercise of warrants 4,258,042 10,000
Proceeds from promissory convertible note 1,160,000
Repayment of promissory convertible notes (105,000)
Deferred financing costs (85,000)
Net cash provided by financing activities 4,258,042 980,000
Effect of exchange rate on changes in cash and restricted cash (107,338)
Net (decrease) increase in cash and restricted cash (4,775,124) 9,871
Cash and restricted cash, beginning of period 12,353,307 43,412
Cash and restricted cash, end of period 7,578,183 53,283
Cash 5,571,431 53,283
Restricted cash 2,006,752
Supplemental cash flow disclosures:    
Interest
Income taxes
Supplemental disclosure of non-cash investing and financing activities:    
Common stock issued in connection with LHE Enterprises Limited business acquisition 3,802,500
Warrants issue in connection with LHE Enterprises Limited business acquisition 5,488,171
Deposit applied to purchase consideration in acquistion of LHE Enterprises Limited 500,000
Common stock issued in connection with FLIP business acquisition 500,000
Common stock for the settlement of liabilities to be settled in stock 927,855
Contingent consideration in connection with acquisition of FLIP 500,000
Operating lease asset obtained in exchange for operating lease obligation 367,513
Extinguishment of derivative liability associated with extinguishment of convertible notes 1,426,323
Extinguishment of debt discount associated with extinguishment of convertible notes 1,909,280
Debt discount and derivative associated with amended and restated note 1,565,617
Increase in principal amount of convertible debt associated with amended and restated note 660,000
Derivative liability associated with convertible notes entered into 1,136,231
Debt discount associated with notes entered into 1,276,000
Extinguishment of derivative liability associated with cashless warrant exercise 1,222,602
Original issuance discount of convertible notes $ 116,000