XML 103 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Consolidated Statements of Operations    
Revenue $ 2,666,829 $ 2,528,356
Cost of revenue 1,943,683 1,767,855
Gross profit 723,147 760,501
Operating expenses:    
Selling expenses 864,196 842,736
General and administrative 2,190,441 4,409,769
Total operating expenses 3,054,637 5,252,505
Loss from operations (2,331,490) (4,492,004)
Interest expense (478,388) (1,017,244)
Unrealized gain (loss) on derivative (2,825,661) 6,811,623
Forgiveness of PPP loan 602,478 0
Other income 3,681 0
Other income / (expense) 2,697,890 5,794,379
Net (loss) income $ (5,029,380) $ 1,302,375
Earnings (loss) per common share:    
Basic $ (0.06) $ 0.02
Fully diluted $ (0.06) $ 0.01
Weighted average common shares outstanding:    
Basic 84,341,970 75,181,637
Fully diluted 84,341,970 243,075,640