Other Acquisitions (Tables)

12 Months Ended

Jun. 30, 2020

Other Acquisitions

Schedule of Assets Acquired and Liabilities Assumed Recognized

The following table summarizes the consideration paid and based upon the purchase price allocation, the estimated relative fair value of the assets acquired and liabilities assumed at the acquisition date:

Consideration
2,666,666 shares of mPhase Technologies, Inc. common stock to be issued valued at $0.3583 per share	$	955,466
Fair value of total consideration transferred		955,466
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash		70,000
Property and equipment		35,956
Intangible asset – purchased software		954,918
Accounts payable		(2,667	)
Other current liabilities		(102,7413	)
Total acquired net assets	$	955,466