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Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Current assets    
Cash $ 2,517,146 $ 19,917,196
Restricted cash 2,292,662 3,443,172
Accounts receivable, net 304,959 136,681
Receivables reserved for users 2,941,882 2,290,105
Other receivables 372,283 658,745
Prepaid expenses and other current assets 1,543,053 3,264,344
Total current assets 9,971,985 29,710,243
Equipment, net 43,925 726,942
Operating lease right-of-use asset 164,288 1,272,920
Intangible assets, net 30,346,489 45,772,555
Goodwill 22,275,313 40,937,370
Other non-current assets 2,062,176 1,315,009
TOTAL ASSETS 64,864,176 119,735,039
Current liabilities    
Accounts payable and accrued expenses 12,344,052 8,458,689
Liabilities to customers 4,671,287 3,057,942
Deferred revenue 575,097 22,110
Senior convertible note 35,000,000
Derivative liability 9,399,620
Current portion of notes payable and other long-term debt 139,538 223,217
Operating lease liability – current 364,269 414,215
Contingent consideration 3,328,361
Total current liabilities 65,822,224 12,176,173
Senior convertible note, net of unamortized discount 6,302,504
Notes payable and other long-term debt 221,300
Warrant liability 2,192,730 23,500,000
Deferred income taxes 1,870,861
Operating lease liability – non-current 669,286 878,809
Total liabilities 68,684,240 44,949,647
Commitments and contingencies (Note 13)  
Mezzanine equity:    
10% Series A cumulative redeemable convertible preferred stock, $0.001 par value, 1,725,000 authorized, 835,950 shares issued and outstanding, aggregate liquidation preference $9,195,450 at June 30, 2022 7,781,380
Stockholders’ equity (deficit)    
Preferred stock $0.001 par value; 10,000,000 shares authorized
Common stock $0.001 par value; 500,000,000 shares authorized, 40,922,944 and 21,896,145 shares issued and outstanding as of June 30, 2022 and June 30, 2021, respectively 40,923 21,896
Additional paid-in capital 144,874,173 122,341,002
Accumulated deficit (149,140,426) (46,908,336)
Accumulated other comprehensive loss (7,376,114) (669,170)
Total stockholders’ equity (deficit) (11,601,444) 74,785,392
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 64,864,176 $ 119,735,039