v3.20.4
Summary of Significant Accounting Policies (Tables)
 3 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Accounting Policies [Abstract]    
Schedule of Capital Structure

In accordance with ASC 505, Equity, the Company's capital structure is as follows:

   

September 30, 2020

    
   

Authorized

 

Issued

 

Outstanding

    
            
 

Common stock

 

     4,000,000,000

 

2,194,557,083

 

   2,194,518,458

 

$.0001 par value, one vote per

share

 

 

Preferred stock

 

        200,000,000

 

                  -   

 

                      -   

 

$.0001 par value, one vote per

share

 

 

Preferred stock - Class A

 

               750,000

 

                  -   

 

                      -   

 

$.0001 par value; no voting rights

 

 

Preferred stock - Class B

 

            1,000,000

 

                  -   

 

                      -   

 

Voting rights of 10 votes for 1

Preferred B share; 2% preferred

dividend payable annually

 

         

Preferred stock - Class C

 

            9,000,000

 

                  -   

 

                      -   

 

$.0001 par value; 500 votes per

share, convertible to common

stock

 

         
 

Preferred stock - Class D

 

             1,000,000

                  -   

 

                      -   

 

$.0001 par value; no voting

 rights, convertible to common

stock, mandatory conversion to

common stock 18 months after

issue

 

         
         
 

Preferred stock - Class E

 

               500,000

 

          500,000

 

             500,000

 

$.0001 par value; no voting

rights, convertible to common

stock


  

June 30, 2020

    
  

Authorized

 

Issued

 

Outstanding

    
           

Common stock

 

       4,000,000,000

628,039,242

628,000,617

 

$.0001 par value, one vote per

share

  
    

Preferred stock

 

         200,000,000

                  -   

                      -   

 

$.0001 par value, one vote per

share

  
    

Preferred stock - Class A

 

               750,000

                  -   

                      -   

 

$.0001 par value; no voting rights

  
    

Preferred stock - Class B

 

             1,000,000

                  -   

                      -   

 

Voting rights of 10 votes for 1

Preferred B share; 2% preferred

dividend payable annually

  
    

Preferred stock - Class C

 

             9,000,000

                  -   

                      -   

 

$.0001 par value; 500 votes per

share, convertible to common

 stock

Preferred stock - Class D

 

             1,000,000

                  -   

                      -   

 

$.0001 par value; no voting

rights, convertible to common

stock, mandatory conversion to

common stock 18 months after

issue

  
 
  
    

Preferred stock - Class E

 

               500,000

        500,000

       500,000

 

$.0001 par value; no voting rights, convertible to common

 stock

The Company’s capital structure is as follows:

 

  

 

June 30, 2020

   
 

Authorized

 

Issued

 

Outstanding

 

Common stock

4,000,000,000

 

628,039,242

 

628,000,617

$.0001 par value, one vote per share

Preferred stock

200,000,000

 

-

 

-

$.0001 par value, one vote per share

Preferred stock - Class A

750,000

 

-

 

-

$.0001 par value; no voting rights

Preferred stock - Class B

1,000,000

 

-

 

-

Voting rights of 10 votes for 1 Preferred B share; 2% preferred dividend payable annually

Preferred stock - Class C

9,000,000

 

-

 

-

$.0001 par value; 500 votes per share, convertible to common stock

Preferred stock - Class D

1,000,000

 

-

 

-

$.0001 par value; no voting rights, convertible to common stock, mandatory conversion to common stock 18 months after issue

Preferred stock - Class E

500,000

 

500,000

 

500,000

$.0001 par value; no voting rights, convertible to common stock

  

 

June 30, 2019

   
 

Authorized

 

Issued

 

Outstanding

 

 

Common stock

 

4,000,000,000

 

 

11,318,901

 

 

11,280,276

 

$.0001 par value, one vote per share

Preferred stock

200,000,000

 

-

 

-

$.0001 par value, one vote per share

Preferred stock - Class A

750,000

 

-

 

-

$.0001 par value; no voting rights

 

Preferred stock - Class B

 

1,000,000

 

 

-

 

 

-

Voting rights of 10 votes for 1 Preferred B share; 2% preferred dividend payable annually

 

Preferred stock - Class C

 

9,000,000

 

 

-

 

 

-

 

$.0001 par value; 500 votes per share, convertible to common stock
Schedule of Useful lives of Property and Equipment

Property and equipment and the estimated useful lives used in computing depreciation, are as follows:

 

 

Furniture and fixtures

5 years

Equipment

5 to 10 years

Vehicles

5 years

Property and equipment and the estimated useful lives used in computing depreciation, are as follows:

 

Furniture and fixtures

5 years

Equipment

5 to 8 years

Vehicles

5 years

Building

40 years

Building improvements

8 years

  
Schedule of Intangible Assets

The following tables shows goodwill, and finite-lived intangible assets, accumulated amortization, and the impairment charges:

 

September 30, 2020

         
 

Cost

 

Accumulated Amortization

 

Net Book Value

 

Impairment

 

Total

Goodwill

 $                834,220

 

 $                      -

 $        834,220

 $                  -

 $  834,220

Finite-lived assets:

    

Customer list

 $                881,000

 $        (168,293)

 $        712,707

 $                  -

 $  712,707

Vendor relationships

471,096

             (95,797)

375,299

                     -

375,299

Capitalized product development costs

                   281,845

             (14,048)

           267,797

                     -

     267,797

 

 $             1,633,941

 $        (278,138)

 $     1,355,803

 $                  -

$1,355,803

 

June 30, 2020

 

Cost

Accumulated Amortization

Net Book Value

Impairment

Total

Goodwill

 $             1,634,507

 $                       -

 $     1,634,507

 $   (800,287)

 $  834,220

Finite-lived assets:

Customer list

 $                881,000

 $        (132,147)

 $        748,853

 $                  -

 $  748,853

Vendor relationships

                   479,000

             (71,847)

           407,153

                     -

     407,153

Noncompete agreements

                1,600,000

           (400,000)

        1,200,000

   (1,200,000)

                -

Capitalized product development costs

                   281,845

               (1,536)

           280,309

                     -

     280,309

 

 $             3,241,845

 $        (605,530)

 $     2,636,315

 $(1,200,000)

$1,436,315

 

Goodwill and intangible assets are comprised of the following at June 30, 2020:

 

 


Cost

 

Accumulated

Amortization

 

Net Book

Value


Impairment


Total

Goodwill

$ 1.634.507

$ -

$1,634,507

$ (800,287)

$834,220

Finite-lived assets:

     

Customer list

$ 881,000

$ (132,147)

$ 748,853

$ -

$748,853

Vendor relationships

479,000

(71,847)

407,153

-

407,153

Noncompete agreement

1,600,000

(400,000)

1,200,000

(1,200,000)

-

Product development costs

81,845

(1,536)

280,309

-

280,309

 

  $ 3,241,845

  $ (605,530)

$2,636,315

$(1,200,000)

$1,436,315