v3.21.1
Equity
9 Months Ended
Mar. 31, 2021
Stockholders' Equity Note [Abstract]  
Equity

Note 10 - Equity

 

During the nine months ended March 31, 2021, the Company issued 105,800,000 shares of common stock for professional consulting services. These shares were valued at $2,778,550 upon issuance during the nine months ended March 31, 2021.

 

During the nine months ended March 31, 2021, the Company issued 1,382,812,744 shares of common stock for debt reduction. These shares were valued at $13,031,235.

 

During the nine months ended March 31, 2021, the Company issued 249,792,217 shares of common stock to warrant holders in six cashless transactions.


During the nine months March 31, 2021, the Company issued 52,500,000 shares of common stock for commitment shares under a two-year 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 nine months ended March 31, 2021.

 

During the nine months ended, the Company issued 5,000,000 shares of common stock for commitment shares under a one year note payable issued on January 13, 2021 to an investor.

 

During the nine months ended March 31, 2021, the Company issued 377,000,000 shares of common stock in exchange for proceeds under the Equity Purchase agreement. These shares were valued at $8,292,400 upon issuance during the nine months ended March 31, 2021.

 

During the nine months ended March 31, 2021, 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 nine months ended March 31, 2021, 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 nine months ended March 31, 2021.