XML 12 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Revenue:        
Mobile banking technology revenue $ 70,000 $ 23,000 $ 90,000 $ 47,000
Other revenue, management fee related party 37,000 58,000 118,000 150,000
Total revenue 107,000 81,000 208,000 197,000
Operating Expenses:        
Cost of revenue 48,000 48,000 98,000 98,000
Selling, general and administrative expenses (1) 209,000 165,000 451,000 355,000
Total operating expenses 257,000 213,000 549,000 453,000
Loss from operations (150,000) (132,000) (341,000) (256,000)
Other Income (Expense)        
Gain on forgiveness of SBA PPP loan 118,000 118,000
Interest expense (2) (122,000) (109,000) (242,000) (217,000)
Total other income (expense) (122,000) 9,000 (242,000) (99,000)
Net Loss $ (272,000) $ (123,000) $ (583,000) $ (355,000)
Net Loss Per Common Share – Basic and Diluted $ (0.01) $ (0.00) $ (0.01) $ (0.01)
Weighted Average Number of Shares Outstanding – Basic and Diluted 39,988,007 39,988,007 39,988,007 39,988,007
(1) Includes expenses to related party $ 14,000 $ 14,000 $ 26,000 $ 26,000
(2) Includes interest expense to related parties $ 117,000 $ 105,000 $ 232,000 $ 207,000