Acquisitions (Tables)

12 Months Ended

Jun. 30, 2021

Schedule of Assets and Liabilities as of the Acquisition Date Through Pushdown Accounting

The following table summarizes the preliminary allocation of the fair value of the assets and liabilities as of the acquisition date through pushdown accounting. The preliminary allocation to certain assets and/or liabilities may be adjusted by material amounts as the Company finalizes fair value estimates.

Assets
Cash	$	201,161
Accounts receivable		1,165,953
Inventory		94,360
Property and equipment		20,904
Other assets		2,800
Goodwill and other intangibles		3,760,287
Total Assets		5,245,465

Liabilities

Accounts payable		1,225,734
Accrued expenses		783,540
Short-term debt		96,941
Deferred revenue		518,900
Total Liabilities		2,625,115
Net Assets	$	2,620,350
Consideration:
Fair value of anti-dilution clause in employment agreement	$	235,350
Note payable to seller		900,000
Stock		1,485,000
	$	2,620,350

Classroom Technologies Solutions Inc [Member]

Schedule of Assets and Liabilities as of the Acquisition Date Through Pushdown Accounting

The following table summarizes the allocation of the fair value of the assets as of the acquisition date through pushdown accounting.

Cash	$	38,836
Accounts receivable		31,710
Inventory		209,431
Property and equipment		17,530
Other assets		1,150
Intangibles		46,869
Total Assets	$	345,526

Consideration
Stock	$	151,000
Bonus program		30,000
Notes payable to seller and related party of seller		164,526
	$	345,526