Equity |
6 Months Ended |
|---|---|
Dec. 31, 2020 | |
| Stockholders' Equity Note [Abstract] | |
| Equity | Note 10 - Equity
During the six months ended December 31, 2020, the Company issued 105,750,000 shares of common stock for professional consulting services. These shares were valued at $2,776,200 upon issuance during the six months ended December 31, 2020.
During the six months ended December 31, 2020, the Company issued 1,382,812,744 shares of common stock for debt reduction. These shares were valued at $13,031,235 upon issuance during the six months ended December 31, 2020.
During the six months ended December 31, 2020, the Company issued 249,792,217 shares of common stock to warrant holders in six cashless transactions.
During the six months ended December 31, 2020, the Company issued 52,500,000 shares of common stock for commitment shares under a two-year purchase agreement entered into on May 31, 2020, between the Company and the investor, as amended and restated on July 9, 2020 and December 29, 2020 (the "Equity Purchase Agreement"). These shares were valued at $1,050,000 upon issuance during the six months ended December 31, 2020.
During the six months ended December 31, 2020, the Company issued 242,000,000 shares of common stock in exchange for proceeds under the Equity Purchase agreement. These shares were valued at $3,951,900 upon issuance during the six months ended December 31, 2020.
During the six months ended December 31, 2020, the Company issued 50,000,000 shares of common stock as collateral for the line of credit. The shares are held in the Company's name and serve as collateral.
During the six months ended December 31, 2020, the Company issued 10,000,000 shares of common stock for the acquisition of Classroom Technology Solutions, Inc. These shares were valued at $151,000 upon issuance during the six months ended December 31, 2020.
See the capital structure section in Note 1 for disclosure of the equity components included in the Company's consolidated financial statements. |