| Schedule of Notes Payable Obligations to Related Parties Assumed in Acquisition |
Notes Payable
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| March 31, 2021
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| June 30, 2020
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Note payable to a stockholder in which the $200,000 principal plus $10,000 of interest was payable in December 2019. Borrowings under the note increased to $400,000 and the maturity was extended to November 2021. The note bears interest at 6% interest and is payable in cash or common stock, at the Company's option. If interest is paid in common stock, the conversion price will be the market price at the time of conversion. Principal on the note at maturity is convertible into 400,000 shares of Series D Preferred Stock. If principal is paid prior to maturity, the right of conversion is terminated.
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$400,000
| | $400,000
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Fair value of unsecured notes payable to seller of Concepts and Solutions, a related party, bearing interest at 3% per year, payable in annual installments through November 30, 2021. Payments are subject to adjustment based on the achievement of minimum gross revenues and successful completion of certain pre-acquisition withholding tax issues of Concepts and Solutions.
| 1,030,079
| | 1,030,079
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Note payable to a stockholder in which the note principal plus 6% interest is payable in November 2021. Note was amended in March 2020 by increasing the balance to $1,225,000 and extending the maturity to March 2022. Interest is payable in cash or common stock, at the holder's option. If interest is paid in common stock, the conversion price will be the market price at the time of conversion. Principal on the note at maturity is convertible into 1,000,000 shares of Series D Preferred Stock. If principal is paid prior to maturity, the right of conversion is terminated.
| 1,225,000
| | 1,225,000
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Note payable to a stockholder in which the note principal plus 6% interest is payable in November 2021. Interest is payable in cash or common stock, at the Company's option. If interest is paid in common stock, the conversion price will be the market price at the time of conversion. Principal on the note at maturity is convertible into 200,000 shares of Series D Preferred Stock. If principal is paid prior to maturity, the right of conversion is terminated.
| 200,000
| | 200,000
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Note payable to a stockholder in which the note principal plus interest at 10% is payable the earlier of 60 days after invoicing a certain customer, or December 31, 2021, due to an extension granted by the lender. The note is collateralized by a security interest in a certain customer purchase order.
| 385,000
| | 385,000
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Note payable to a stockholder which is, upon the option of the stockholder, immediately convertible into restricted common shares.
| 500,000
| | -
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Note payable related to acquisition of Classroom Tech in which the note principal is payable in 2021 with no interest obligations, upon the shareholder's resolution of a pre-acquisition liability with a bank.
| 111,164
| | -
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Note payable related to the acquisition of Classroom Tech in which the note principal is payable in 2021 with no interest obligations.
| 44,526
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Other short-term payables due to stockholders and related parties
| 88,991
| | 107,733
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Total Related Party Notes Payable and Other Payables
| 3,984,760
| | 3,347,812
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Current Portion of Related Party Notes Payable and Other Payables
| 3,984,760
| | 1,272,812
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Long-term Portion of Related Party Notes Payable and Other Payables
| $ -
| | $2,075,000 |
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