XML 14 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (3,372,382) $ (3,106,773)
Adjustments to reconcile net income to net cash used in operating activities:    
Stock based compensation 607,211 1,195,369
Provision of bad debt expenses 7,452 39,600
Amortization of note payable discount 206,459 138,606
Depreciation and amortization 336,471 110,580
Amortization of right of use asset 76,774
Changes in assets and liabilities:    
Accounts receivable 18,096 (43,867)
Inventory 608
Prepaid expenses and other (75,021) (24,187)
Accounts payable 117,298 (189,330)
Lease obligation, net (65,655)
Accrued liabilities 1,481 281,677
Net cash used in operating activities (2,141,208) (1,598,325)
Cash flows from investing activities:    
Capitalized software (405,992) (229,180)
Net cash used in investing activities (405,992) (229,180)
Cash flows from financing activities:    
Procceeds from issuance of stock 4,037,888 1,089,737
Procceeds from issuance of debts 1,200,000
Repayment of debt (807,418) (220,000)
Net cash provided by financing activities 3,230,470 2,069,737
Net change in cash and cash equivalents 683,270 242,232
Cash and cash equivalents, beginning of period 181,647 375,938
Cash and cash equivalents, end of period 864,917 618,170
Cash paid for interest 8,619
Cash paid for taxes
Supplemental information for non-cash investing and financing activities:    
Conversion of debt and interest 377,094
Software Acquisition $ 2,860,000