Summary of Significant Accounting Policies (Tables)
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3 Months Ended |
Sep. 30, 2022 |
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| Accounting Policies [Abstract] |
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| Schedule of capital structure |
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September 30, 2022 |
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Authorized |
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Issued |
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Outstanding |
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Common stock |
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200,000,000 |
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21,353,550 |
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21,353,357 |
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$.0001 par value, one vote per share |
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Preferred stock – All Series |
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200,000,000 |
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- |
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- |
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$.0001 par value |
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Preferred stock - Series A |
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750,000 |
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- |
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- |
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$.0001 par value; no voting rights |
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Preferred stock - Series B |
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1,000,000 |
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- |
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- |
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$.0001 par value; voting rights of 10 votes for 1 Series B share; 2% preferred dividend payable annually |
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Preferred stock - Series C |
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9,000,000 |
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- |
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- |
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$.0001 par value; 500 votes per share, convertible to common stock |
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Preferred stock - Series F |
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15,000 |
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11,414 |
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11,414 |
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$.0001 par value; no voting right, convertible to common at a fixed price per share |
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Preferred stock - Series G |
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51 |
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51 |
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51 |
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$.0001 par value; no dividend rights, voting rights with common stock as a single series, one share equals 1% of the total voting rights, not subject to splits |
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| | | June 30, 2022
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| | | Authorized
| | Issued
| | Outstanding
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Common stock
| | 20,000,000
| | 19,169,128
| | 19,168,935
| | $.0001 par value, one vote per share
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Preferred stock – All Series
| | 200,000,000
| | -
| | -
| | $.0001 par value
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Preferred stock - Series A
| | 750,000
| | -
| | -
| | $.0001 par value; no voting rights
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Preferred stock - Series B
| | 1,000,000
| | -
| | -
| | $.0001 par value; voting rights of 10 votes for 1 Series B share; 2% preferred dividend payable annually
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Preferred stock - Series C
| | 9,000,000
| | -
| | -
| | $.0001 par value; 500 votes per share, convertible to common stock
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Preferred stock - Series F
| | 15,000
| | 11,414
| | 11,414
| | $.0001 par value; no voting rights, convertible to common at a fixed price of $0.37per share; stated value is $1,000 per share
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Preferred stock - Series G
| | 51
| | 51
| | 51
| | $.0001 par value; no dividend rights, voting rights with common stock as a single series, one share equals 1% of the total voting rights, not subject to splits
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| Schedule of contract assets and contract liabilities |
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| September 30, 2022
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| June 30, 2022
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Contract assets
| $ 55,125
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| $ 55,125
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Contract liabilities
| -
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| -
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| Schedule of goodwill and intangible assets |
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Cost |
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Accumulated Amortization |
Net Book
Value |
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Total |
Goodwill
| $ 834,220
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| -
| $834,220
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| $ 834,220
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Finite-lived assets:
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Customer list
| $ 888,869
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| $ (516,370)
| $ 372,499
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| $ 372,499
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Vendor relationships
| 480,115
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| (288,515)
| 191,600
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| 191,600
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Capitalized product development cost
| 1,392,590
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| (567,777)
| 824,813
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| 824,813
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| $ 2,761,574
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| $ (1,372,662)
| $ 1,388,912
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| $1,388,912
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| Cost
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| Accumulated Amortization
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| Net Book Value
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| Impairment
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| Total
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Goodwill
| $ 834,220 |
| $ -
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| $ 834,220 |
| $ -
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| $ 834,220 |
Finite-lived assets:
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Customer list
| $ 922,053 |
| $ (472,320) | | $ 449,733 |
| $ (33,184) |
| $ 416,549 |
Vendor relationships
| 484,816 |
| (264,565) |
| 220,251 |
| (4,701) |
| 215,550 |
Product development costs
| 1,279,686 |
| (468,594) |
| 811,092 |
| -
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| 811,092 |
| $ 2,686,555 |
| $ (1,205,479) |
| $ 1,481,076 |
| $ (37,885) |
| $ 1,443,191 |
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