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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Revenue:        
Mobile banking technology revenue $ 23,000 $ 22,000 $ 47,000 $ 46,000
Other revenue, management fee related party 58,000 111,000 150,000 167,000
Total revenue 81,000 133,000 197,000 213,000
Cost of sales 48,000 55,000 98,000 111,000
Gross profit 33,000 78,000 99,000 102,000
Operating Expenses:        
Selling, general and administrative expenses (1) 165,000 192,000 355,000 448,000
Total operating expenses 165,000 192,000 355,000 448,000
Loss from operations (132,000) (114,000) (256,000) (346,000)
Other Income (Expense)        
Gain on forgiveness of SBA PPP loan 118,000 0 118,000 0
Interest expense (2) (109,000) (99,000) (217,000) (192,000)
Total other income (expense) 9,000 (99,000) (99,000) (192,000)
Net Loss $ (123,000) $ (213,000) $ (355,000) $ (538,000)
Net Loss Per Common Share – Basic and Diluted $ (0.00) $ (0.01) $ (0.01) $ (0.01)
Weighted Average Number of Shares Outstanding – Basic and Diluted 39,998,007 39,738,007 39,998,007 39,738,007
(1) Includes expenses to related party $ 14,000 $ 13,000 $ 26,000 $ 93,000
(2) Includes interest expense to related parties $ 105,000 $ 93,000 $ 207,000 $ 181,000