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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenue:        
Mobile banking technology revenue $ 23,000 $ 24,000 $ 70,000 $ 70,000
Other revenue, management fee related party 67,000 52,000 217,000 219,000
Total revenue 90,000 76,000 287,000 289,000
Cost of sales 52,000 60,000 150,000 171,000
Gross profit 38,000 16,000 137,000 118,000
Operating Expenses:        
Selling, general and administrative expenses (1) 158,000 184,000 513,000 632,000
Total operating expenses 158,000 184,000 513,000 632,000
Loss from operations (120,000) (168,000) (376,000) (514,000)
Other Income (Expense)        
Gain on forgiveness of SBA PPP loans 0 0 118,000 0
Interest expense (2) (114,000) (100,000) (331,000) (292,000)
Total other income (expense) (114,000) (100,000) (213,000) (292,000)
Net Loss $ (234,000) $ (268,000) $ (589,000) $ (806,000)
Net Loss Per Common Share – Basic and Diluted $ (0.01) $ (0.01) $ (0.01) $ (0.02)
Weighted Average Number of Shares Outstanding – Basic and Diluted 39,988,007 39,751,743 39,988,007 39,742,586
(1) Includes expenses to related party $ 12,000 $ 13,000 $ 38,000 $ 106,000
(2) Includes interest expense to related parties $ 109,000 $ 95,000 $ 316,000 $ 276,000