XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Jun. 30, 2022
Current assets    
Cash $ 682,378 $ 2,517,146
Restricted cash 677,730 2,292,662
Accounts receivable, net 894,204 304,959
Receivables reserved for users 2,965,926 2,941,882
Other receivables 1,292,776 372,283
Prepaid expenses and other current assets 1,358,808 1,543,053
Total current assets 7,871,822 9,971,985
Equipment, net 35,966 43,925
Operating lease right-of-use asset 126,064 164,288
Intangible assets, net 27,048,230 30,346,489
Goodwill 6,584,114 22,275,313
Other non-current assets 1,522,328 2,062,176
TOTAL ASSETS 43,188,524 64,864,176
Current liabilities    
Accounts payable and accrued expenses 14,399,368 12,344,052
Liabilities to customers 2,848,252 4,671,287
Deferred revenue 1,090,333 575,097
Senior convertible note 32,221,573 35,000,000
Derivative liability 799,954 9,399,620
Current portion of notes payable and other long-term debt 75,612 139,538
Operating lease liability – current 422,344 364,269
Contingent consideration – current 3,012,978 3,328,361
Total current liabilities 54,870,414 65,822,224
Warrant liability 2,456,730 2,192,730
Operating lease liability – non-current 549,482 669,286
Contingent consideration – non-current 3,179,934
Total liabilities 61,056,560 68,684,240
Commitments and contingencies (Note 12)
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, 84,553,944 and 40,922,944 shares issued and outstanding as of December 31, 2022 and June 30, 2022, respectively 84,554 40,923
Additional paid-in capital 148,922,856 144,874,173
Accumulated deficit (167,441,699) (149,140,426)
Accumulated other comprehensive loss (7,365,929) (7,376,114)
Total stockholders’ equity (deficit) (25,800,218) (11,601,444)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT) 43,188,524 64,864,176
Series A Cumulative Redeemable Preferred Stock [Member]    
Mezzanine equity:    
Series B redeemable preferred stock, $0.001 par value, 100 authorized, issued and outstanding, aggregate liquidation preference $1,000 at December 31, 2022 and none authorized, issued and outstanding at June 30, 2022 7,931,182 7,781,380
Series B Redeemable Preferred Stock [Member]    
Mezzanine equity:    
Series B redeemable preferred stock, $0.001 par value, 100 authorized, issued and outstanding, aggregate liquidation preference $1,000 at December 31, 2022 and none authorized, issued and outstanding at June 30, 2022 $ 1,000