Business Acquisition (Tables)

12 Months Ended

Jun. 30, 2020

Schedule of Revenue and Net Loss of the Acquisitions

The revenue and net loss of the combined entity had the acquisition date been July 1, 2018, are as follows for the year ended June 30, 2019:

Supplemental pro forma:
Revenue	$	4,554,594
Net loss	$	(2,959,165	)

Alpha Predictions LLP [Member]

Schedule of Assets Acquired and Liabilities Assumed Recognized

The following table summarizes the consideration paid for Alpha Predictions and the fair values of the assets acquired and liabilities assumed recognized at the acquisition date.

Consideration
Cash	$	1,438
Fair value of total consideration transferred		1,438
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash		3,127
Accounts receivable		26,155
Prepaid expenses		7,488
Property and equipment		11,048
Intangible asset – purchased software		2,905,668
Accounts payable		(26,067	)
Accrued expenses and other current liabilities		(2,924,288	)
Income tax provision, current		(7,713	)
Total identifiable net assets		(4,582	)
Goodwill	$	6,020