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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2020
Income Tax Disclosure [Abstract] |
Schedule of expense or (benefit) for income taxes |
|  | June 30, |
|  | 2020 |  |  | 2019 |
Income tax expense |  |  |  |  |  |  |  |
Current income taxes |  |  |  |  |  |  |  |
U.S. federal |  | $ | 30,985 |  |  | $ | — |
U.S. state |  |  | — |  |  |  | — |
Total current income taxes |  | $ | 30,985 |  |  | $ | — |
|  | June 30, |
|  | 2020 |  |  | 2019 |
Deferred income taxes |  |  |  |  |  |  |  |
U.S. federal |  | $ | — |  |  | $ | — |
U.S. state |  |  | — |  |  |  | — |
Total deferred income tax benefit |  | $ | — |  |  | $ | — |
Schedule of statutory federal income tax rate to actual rates based on income or loss before income taxes |
|  | June 30, |
|  | 2020 |  |  | 2019 |
Income tax expense attributable to: |  |  |  |  |  |  |  |
Federal |  | $ | (3,255,706 | ) |  | $ | (2,509,246 | )
State, net of federal benefit |  |  | (862,690 | ) |  |  | (13,452 | )
Foreign tax rate less than federal rate |  |  | (2,645 | ) |  |  | — |
Permanent differences |  |  | 312,525 |  |  |  | — |
Restricted stock awards |  |  | — |  |  |  | 816,505 |
Changes in valuation allowance |  |  | 3,884,440 |  |  |  | 85,455 |
Provision to return adjustment |  |  | (45,134 | ) |  |  | — |
Losses from flow-through entity not subject to tax |  |  | — |  |  |  | 1,640,066 |
Other adjustments |  |  | 195 |  |  |  | (19,328 | )
Effective income tax expense |  | $ | 30,985 |  |  | $ | — |
Schedule of changes in Noncurrent deferred tax assets and liabilities |
|  | June 30, |
|  | 2020 |  |  | 2019 |
Noncurrent deferred tax assets: |  |  |  |  |  |
Employee compensation |  | $ | 378,003 |  |  | $ | — |
Debt issuance costs |  |  | 323,183 |  |  |  | — |
Revenue recognition |  |  | 156,022 |  |  |  | 22,226 |
Federal and state net operating loss |  |  | 4,082,297 |  |  |  | 63,229 |
Foreign net operating loss |  |  | 258,083 |  |  |  | — |
Total deferred tax assets |  | $ | 5,197,588 |  |  | $ | 85,455 |
Noncurrent deferred tax liabilities: |  |  |  |  |  |  |  |
Fixed assets |  |  | (653,819) |  |  |  | — |
Intangibles |  |  | (1,808,960) |  |  |  | — |
Deferred tax liabilities |  | $ | (2,462,779) |  |  | $ | — |
Valuation allowance |  |  | (2,734,809 | ) |  |  | (85,455 | )
Deferred taxes after valuation allowance |  | $ | — |  |  | $ | —

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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