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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2019
Summary of significant accounting policies  
Schedule of financial statements on estimated fair values of acquisition

 

 

March 28,

2019

 

 

 

 

 

Cash

 

$15,505

 

Intangible assets patents, trademark and software

 

 

757,535

 

Prepaid inventory

 

 

94,383

 

Customer deposits

 

 

(261,254)

Accounts payable and accrued expenses

 

 

(443,474)

 

 

 

 

 

Total purchase price

 

 

162,695

 

 

 

 

 

 

Advances outstanding from Print Mates (due from)

 

 

162,695

 

Schedule of valuation of financial instruments

 

 

Fair Value Measurements Using

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Balance June 30, 2018

 

 

-

 

 

$ -

 

 

 

-

 

Additions to fair value of derivative liability

 

 

-

 

 

$ 695,989

 

 

 

-

 

Change in fair value of derivative liability

 

 

-

 

 

$ -

 

 

 

-

 

Balance June 30, 2019

 

 

-

 

 

 

695,989

 

 

 

-

 

Schedule Of franchise information

 

 

Reis

 

 

 

 

 

and Irvy's

 

 

FHV

 

 

 

 

 

 

 

 

Number of franchises at June 30, 2017

 

 

179

 

 

 

228

 

New franchises

 

 

123

 

 

 

-

 

Terminated franchises

 

 

(12)

 

 

(151)
Number of franchises at June 30, 2018

 

 

290

 

 

 

77

 

New franchises

 

 

91

 

 

 

-

 

Terminated franchises

 

 

(56)

 

 

(77)
Number of franchises at June 30, 2019

 

 

325

 

 

 

-