XML 26 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2019
Cash flows from operating activities:          
Net loss $ (3,248,600) $ (3,583,010) $ (4,993,350) $ (5,576,377) $ (5,576,377)
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation 18,162 16,084 20,222   21,980
Amortization of paid in kind common stock interest on convertible notes 98,436 29,642 81,456  
Impairment of goodwill   139,754  
Stock option based compensation for employees and board of directors 2,241,907 1,827,449 2,550,521   2,909,985
Issuance of common stock to vendors as compensation 94,251 101,499 101,499   252,936
Loss on conversion of convertible notes 515,464      
Forgiveness of Paycheck Protection Program (PPP 1) loan (548,885)      
Issuance of common stock to employees as compensation to satisfy contingent liability     91,755   157,383
Issuance of common stock for additional cost to satisfy contingent liability     39,311   73,718
Changes in operating assets and liabilities:          
Accounts receivable (121,316) 17,703 (86,805)   (16,558)
Prepaid expenses and other current assets (29,080) (78,390) (52,058)   (228,199)
Deferred costs 123,011 (31,453) 14,164   26,185
Accounts payable (71,244) (4,705) 79,183   (43,011)
Accrued liabilities 16,047 43,144 (72,360)   31,944
Deferred revenue (125,573) 137,670 62,433   251,379
Net cash used in operating activities (1,037,420) (1,524,367) (2,024,275)   (2,138,635)
Cash flow from investing activities:          
Purchases of equipment (17,109) (10,872) (32,660)   (17,799)
Net cash used in investing activities (17,109) (10,872) (32,660)   (17,799)
Cash flows from financing activities:          
Proceeds from subscription receivable     25,000 25,000
Proceeds from Paycheck Protection Program (PPP 2) loan 623,828 548,885  
Proceeds from convertible promissory notes 1 1,202,500 1,332,500  
Proceeds from convertible promissory notes 2 1,475,000      
Proceeds from issuance of common equity to investors 324,629 7,000   2,010,366
Net cash provided by financing activities 2,423,457 1,202,500 1,888,385   2,035,366
Net change in cash and cash equivalents 1,368,928 (332,739) (168,550)   (121,068)
Cash and cash equivalents, beginning of year 1,034,846 1,203,396 1,203,396   1,324,464
Cash and cash equivalents, end of period 2,403,774 870,657 1,034,846 $ 1,203,396 1,203,396
Non-cash Investing and Financing activities:          
Conversion of convertible promissory notes 1 into common stock 1,487,059      
Convertible notes subscription receivable 130,000      
Forgiveness of Paycheck Protection Program (PPP 1) loan 548,885      
Common stock subscription receivable 21,381      
Issuance of common stock for satisfaction of contingent liability     87,400   35,770
Common stock issued to convertible note 2 holders as additional consideration $ 339,890 173,771  
Common stock issued for interest paid in kind on convertible notes     $ 257,894