v3.20.4

Fair Value Measurements (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2020 | Jun. 30, 2020
Fair Value Disclosures [Abstract] |  |
Schedule of Fair Values Determined by Level 3 Inputs | The following table presents information about the assets and liabilities that are measured at fair value on a recurring basis at September 30, 2020 and June 30, 2020 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.
At September 30, 2020 |  |  |  |  |
|  | Total | Level 1 | Level 2 | Level 3
Assets |  |  |  |  |
| Customer List | $704,803 | - | - | $704,803
| Vendor Relationship | 383,203 | - | - | 383,203
| Development Costs | 287,797 | - | - | 287,797
|  | $1,355,803 | - | - | $1,355,803
Liabilities |  |  |  |  |
| Original Issue discount, convertible debt | $1,276,312 | - | - | $1,276,312
At June 30, 2020 |  |  |  |  |
|  | Total | Level 1 | Level 2 | Level 3
Assets |  |  |  |  |
| Customer list | $748,847 | - | - | $748,847
| Vendor relationship | 407,153 | - | - | 407,153
| Development costs | 280,315 | - | - | 280,315
|  | $1,436,315 | - | - | $1,436,315
Liabilities |  |  |  |  |
| Original issue discount, convertible debt | $213,300 | - | - | $213,300
| Derivative liability warrants | 33,312 | - | - | 33,312
Total |  | $246,612 | - | - | $246,612
| The following table presents information about the assets and liabilities that are measured at fair value on a recurring basis at June 30, 2020 and 2019 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.
At June 30, 2020 |  |  |  |
Assets: | Total | Level 1 | Level 2 | Level 3
Goodwill | $ 834,220 | $ - | $ - | $ 834,220
Customer list | 748,853 | - | - | 748,853
Vendor relationship | 407,153 | - | - | 407,153
Development costs | 280,315 | - | - | 280,315
| $1,990,226 | $ - | $ - | $1,990,226
Liabilities: |  |  |  |
Original issue discount, convertible debt | $ 213,300 | $ - | $ - | $ 213,300
Derivative liability, warrants | 33,312 | - | - | 33,312
Total: | $ 246,612 | $ - | $ - | $ 246,612
At June 30, 2019 |  |  |  |
Liabilities: | Total | Level 1 | Level 2 | Level 3
Original issue discount, convertible debt | $979,569 | $ - | $ - | $ 979,569
Derivative liability, warrants | 46,375 | - | - | 46,375
Total: | $ 1,025,944 | $- | $- | $ 1,025,944
Schedule of Derivative Liability Valued Using Monte Carlo Pricing Model | The derivative liability was valued using the Monte Carlo pricing model with the following inputs:
At September 30, 2020 |  |
| Risk-free interest rate: |  | 0.08%
| Expected dividend yield: |  | 0.00%
| Expected stock price volatility: |  | 325.00%
| Expected option life in years: |  | 0.48 to 1.44 years
At June 30, 2020 |  |
| Risk-free interest rate: |  | 0.09%
| Expected dividend yield: |  | 0.00%
| Expected stock price volatility: |  | 300.00%
| Expected option life in years: |  | .085 to 1.69 years
| The derivative liability was valued using the Monte Carlo pricing model with the following inputs:
At June 30, 2020 |
Risk-free interest rate: | 0.09%
Expected dividend yield: | 0.00%
Expected stock price volatility: | 300.00%
Expected option life in years: | .089 to 1.69 years
At June 30, 2019 Risk-free interest rate: | 1.72 -2.83%
Expected dividend yield: | 0.00%
Expected stock price volatility: | 180.00%
Expected option life in years: | 2.80 to 3.00 years
Schedule of Reconciliation of Changes in Fair Value of Convertible Debt | The following table sets forth a reconciliation of changes in the fair value of the Company's convertible debt components classified as Level 3 in the fair value hierarchy at September 30, 2020 and June 30, 2020:
Balance at June 30, 2020 |  | $ 246,612
Additional convertible securities at inception |  | 2,000
Realized |  | (5,300)
Unrealized |  | 1,033,000
Ending balance at September 30, 2020 |  | $ 1,276,312
Balance at June 30, 2019 |  | $ 1,025,944
Additional convertible securities at inception |  | 2,027,000
Settlement of conversion features and warrants |  | (152,374)
Realized |  | (240,903)
Unrealized |  | (2,413,055)
Ending balance at June 30, 2020 |  | $ 246,612
| The following table sets forth a reconciliation of changes in the fair value of the Company’s convertible debt components classified as Level 3 in the fair value hierarchy at June 30, 2020:
Balance at June 30, 2019 | $ 1,025,944
Convertible securities at inception | 2,027,000
Settlement of conversion features and warrants | (152,374)
Realized | (240,903)
Unrealized | (2,413,055)
Balance at June 30, 2020 | $ 246,612
Balance at June 30, 2018 | $ -
Convertible securities at inception | 1,238,359
Settlement of conversion features and warrants | (301,613)
Realized | (83,487)
Unrealized | 172,685
Balance at June 30, 2019 | $ 1,025,944

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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