v3.20.4
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities        
Net loss $ (13,134,778) $ (2,017,347) $ (14,026,107) $ (6,663,117)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 84,940 7,832 644,545 221,260
Loss on disposal of property and equipment     20,902
Amortization of convertible debt discounts 74,775 60,268 340,526 89,279
Accretion and settlement of financing instruments and change in fair value of derivative liability 1,381,363 (1,346,797) (779,332) 733,258
Impairment of goodwill and intangible assets     2,000,287
Gain on sale of Entertainment (Note 12)     (60,688)
Stock compensation and stock issued for services 2,870,472 2,934,201 2,417,041
Stock issued under Put Purchase Agreement 7,865,077    
Changes in assets and liabilities:        
Accounts receivable (696,710) 82,359 124,428 74,922
Inventories (78,919) 304,970 (3,579) (67,561)
Prepaid expenses and other assets     (200,984) (1,566,268)
Right of use assets     143,521
Accounts payable (1,462,072) (22,995) (109,833) 175,021
Accrued legal settlement and and other accrued expenses (158,601) (346,095) 1,162,698 712,318
Deferred revenue 431,147 (91,453) 375,040 27,187
Net cash used in operating activities (2,823,306) (3,369,258) (7,373,687) (3,907,348)
Cash Flows from Investing Activities        
Acquisition of business, net of cash 2,967,918 2,967,918
Purchases of property and equipment (17,636) (17,637)
Net cash provided by investing activities 2,950,282 2,950,281
Cash Flows from Financing Activities        
Principal payments on financing lease obligations (1,649) (4,808) (11,486)
Principal payments on notes payable (774) (47,060)
Payments on advances from stockholder, net (33,110) (111,173)
Payments on convertible notes payable     (873,003)
Proceeds from convertible notes payable 840,000 667,000 4,978,934 2,495,235
Proceeds from loans     504,571
Proceeds from sale of common stock under Purchase Agreement 2,316,520 637,000
Payments on line of credit, net (300,000) 682,947
Proceeds from notes payable - related parties     107,733 200,000
Net cash provided by financing activities 2,822,636 665,351 4,666,367 3,892,523
Net (Decrease) Increase in Cash and Cash Equivalents (670) 246,375 242,961 (14,825)
Cash, Beginning of Period 412,391 169,430 169,430 184,255
Cash, End of Period 411,721 415,805 412,391 169,430
Supplemental and Non Cash Disclosures        
Noncash additions related to convertible debt 34,250 119,986 515,166 134,461
Cash paid for interest 19,986 129,536 195,988 402,903
Interest on shares issued under Put Purchase Agreement 4,006,900    
Non-cash consideration for sale of Entertainment     92,700
Related party note payable issued for acquisition of business 900,000 1,484,473
Settlement of conversion features 149,374 152,374
Acquisition of goodwill and intangibles 3,760,287 3,760,287
Convertible note and warrants extinguished     6,521,161
Stock compensation and stock issued for services 2,763,000 1,327,811 2,087,425
Property leased with financing lease 25,317 37,980
Fair value of convertible note issued to stockholder     1,225,000
Fair value of preferred stock - Series E issued to stockholder     500,000
Non-cash principal payments from proceeds of convertible debt     1,907,000 602,024
Accretion of discount on convertible notes payable 1,029,700 1,825,506 644,055
Sale of Entertainment     1,511,844
Common stock issued in exchange for convertible debt reduction $ 1,799,510 $ 1,027,765 $ 1,869,053