XML 17 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Jun. 30, 2019
Current Assets    
Cash $ 142,413 $ 33,996
Accounts receivable, net 14,048,095 2,526,155
Prepaid expenses 4,477 8,820
Other assets 30,879
Total Current Assets 14,225,864 2,568,971
Property and equipment, net 32,669 11,048
Goodwill 3,636 6,020
Intangible asset - purchased software, net 2,835,117 3,025,801
Other assets 11,670 3,058
Total Assets 17,108,956 5,614,898
Current Liabilities    
Accounts payable 7,897,887 366,274
Accrued expenses 1,123,842 3,368,801
Contract liabilities 219,652
Due to related parties 84,485 65,459
Notes payable to officers 26,818 25,251
Notes payable 20,469
Convertible notes payable, net 189,641 2,351
Current portion, liabilities in arrears with convertible features 109,000 109,000
Current portion, liabilities in arrears - judgement settlement agreement (Note 10) 771,702 855,660
Derivative liability 897,631 133,669
Liabilities of discontinued operations 82,795 82,795
Total Current Liabilities 11,423,922 5,009,260
Notes payable, net of current portion 167,459
Total Liabilities 11,591,381 5,009,260
Commitments and Contingencies (Note 16)
Stockholders' Equity    
Preferred stock, $0.01 par value; 1,000 shares authorized and 1,000 shares issued and outstanding at June 30, 2020 and 2019 10 10
Common stock, $0.01 par value; 100,000,000 shares authorized and 19,318,679 shares issued and 19,174,492 outstanding at June 30, 2020, and 11,689,078 shares issued and outstanding at June 30, 2019 191,745 116,890
Additional paid-in-capital 231,984,704 214,007,203
Common stock to be issued 955,466 115,388
Accumulated other comprehensive income 113,070
Accumulated deficit (227,727,420) (213,633,853)
Total Stockholders' Equity 5,517,575 605,638
Total Liabilities and Stockholders' Equity $ 17,108,956 $ 5,614,898