Equity |
6 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Stockholders' Equity Note [Abstract] | |
| Equity |
Note 8 - Equity For the six month ended December 31, 2021: During the six months ended December 31, 2021, the Company issued 2,500,000 shares of common stock for services. During the six months ended December 31, 2021, the Company issued 225,000,000 shares of common stock in exchange for proceeds under the Equity Purchase Agreement. These shares were valued at $2,143,500 upon issuance. During the six months ended December 31, 2021, the Company issued 62,500,000 shares of common stock as commitment shares in a structured loan agreement. These shares were valued at $356,250 upon issuance. During the six months ended December 31, 2021, the Company cancelled 50,000,000 shares of common stock which were previously held as collateral for a line of credit. During the six months ended December 31, 2021, the Company entered into exchange agreements to issue 11,414 shares of Preferred Series F stock. During the six months ended December 31, 2021, the Company cancelled 500,000 shares of Preferred Series E stock. For six month ended December 31, 2020: During the six months ended December 31, 2020, the Company issued 105,750,000 shares of common stock for professional consulting services. These shares were valued at $2,776,200 upon issuance during the six months ended December 31, 2020. During the six months ended December 31, 2020, the Company issued 1,382,812,744 shares of common stock for debt reduction. These shares were valued at $13,031,235 upon issuance during the six months ended December 31, 2020. During the six months ended December 31, 2020, the Company issued 249,792,217 shares of common stock to warrant holders in six cashless transactions. During the six months ended December 31, 2020, the Company issued 52,500,000 shares of common stock for commitment shares under the Equity Purchase Agreement. These shares were valued at $1,050,000 upon issuance during the six months ended December 31, 2020. During the six months ended December 31, 2020, the Company issued 50,000,000 shares of common stock as collateral for the line of credit. The shares were held in the Company's name and serve as collateral for a line of credit with a bank. During the six months ended December 31, 2020, 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 six months ended December 31, 2020. During the six months ended December 31, 2020, the Company issued 242,000,000 shares of common stock in exchange for proceeds under the Equity Purchase Agreement. These shares were valued at $3,951,900 upon issuance during the six months ended December 31, 2020. See the capital structure section in Note 1 for disclosure of the equity components included in the Company's consolidated financial statements. |