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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Revenue:    
Mobile banking technology revenue $ 100,000 $ 120,000
Other revenue, management fee related party 338,000 187,000
Total revenue 438,000 307,000
Cost of Sales 210,000 230,000
Gross Profit 228,000 77,000
Operating Expenses:    
General and administrative (including $51,000 and $51,000, respectively, to related party) 630,000 605,000
Research and development 0 19,000
Total Operating Expenses 630,000 624,000
Loss from Operations (402,000) (547,000)
Other Income (Expense):    
Gain on extinguishment of convertible note payable (167,000) 0
Interest expense (including $320,000 and $275,000, respectively, to related parties) (341,000) (302,000)
Total other expense (174,000) (302,000)
Net Loss $ (576,000) $ (849,000)
Net Loss Per Common Share - Basic and Diluted $ (0.01) $ (0.02)
Weighted Average Number of Shares Outstanding - Basic and Diluted 39,638,829 39,538,007