v3.22.0.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Capital Structure

The Company's capital structure is as follows:

December 31, 2021

 

Authorized

Issued

Outstanding

 

Common stock

4,000,000,000

3,379,882,882

3,379,844,257

$.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 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 F

15,000

11,414

11,414

$.001 par value; no voting rights, convertible to common stock at a fixed price of $0.37 per share; stated value is $1,000 per share

-10-

June 30, 2021

 

Authorized

Issued

Outstanding

 

Common stock

4,000,000,000

3,139,882,882

3,089,844,257

$.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

Schedule of Contract Assets and Contract Liabilities

Contract assets and contract liabilities are as follows:

December 31, 2021

June 30, 2021

Contract assets

$

12,409

$

43,360

Contract liabilities

137,351

228,514

Schedule of Intangible Assets

Goodwill, intangible assets, and product development costs are comprised of the following at December 31, 2021:

Cost

Accumulated Amortization

Net Book Value

Impairment

Total

Goodwill

$

834,220

$

-

$

834,220

$

-

$

834,220

Finite-lived assets:

Customer list

$

922,053

$

(376,351)

$

545,702

$

(41,053)

$

504,649

Vendor relationships

484,816

(215,550)

269,266

(5,816)

263,450

Capitalized product development cost

1,015,707

(312,664)

703,043

-

703,043

$

2,422,576

$

(904,565)

$

1,518,011

$

(46,869)

$

1,471,142

Goodwill, intangible assets, and product development costs are comprised of the following at June 30, 2021:

Cost

Accumulated Amortization

Total

Goodwill

$

834,220

$

-

$

834,220

Finite-lived assets:

Customer list

$

922,053

$

(314,166)

$

607,887

Vendor relationships

484,816

(168,474)

316,342

Product development costs

790,118

(197,532)

592,586

$

2,196,987

$

(680,172)

$

1,516,815