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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Jun. 30, 2021
Current Assets    
Cash $ 545,871 $ 2,473,386
Accounts receivable, net 19,929,137 15,784,081
Prepaid expenses 195,354 238,927
Other assets 479,827 422,254
Total Current Assets 21,150,189 18,918,648
Property and equipment, net 9,278 16,518
Goodwill 3,662 3,669
Intangible assets - purchased software, net 1,599,933 2,079,047
Other assets 3,634 3,645
Total Assets 22,766,696 21,021,527
Current Liabilities    
Accounts payable 3,497,201 4,158,006
Accrued expenses 1,205,065 1,368,367
Contract liabilities 430,027 350,689
Due to related parties 89,377 87,688
Notes payable to officer 713,137 691,942
Notes payable 93,144 323,218
Convertible notes payable, net 3,527,623 1,991,036
Liabilities in arrears with convertible features 109,000 109,000
Liabilities of discontinued operations 82,795 82,795
Total Current Liabilities 9,747,369 9,162,741
Notes payable, net of current portion 146,890 146,890
Total Liabilities 9,894,259 9,309,631
Commitments and Contingencies (Note 11)
Stockholders’ Equity    
Preferred stock, $0.01 par value; 1,000 shares authorized, issued and outstanding at December 31, 2021 and June 30, 2021 10 10
Common stock, $0.01 par value; 500,000,000 shares authorized, 81,656,033 shares issued and 81,627,663 shares outstanding at December 31, 2021, and 78,612,608 shares issued and 78,584,238 shares outstanding at June 30, 2021 816,278 785,844
Additional paid-in-capital 237,890,249 236,935,277
Common stock to be issued 30,000 63,700
Accumulated other comprehensive income (loss) 3,106 (11,526)
Accumulated deficit (225,867,206) (226,061,409)
Total Stockholders’ Equity 12,872,437 11,711,896
Total Liabilities and Stockholders’ Equity $ 22,766,696 $ 21,021,527