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PROVISION FOR INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

SCHEDULE OF DEFERRED TAX ASSETS

The Company’s deferred tax assets as of June 30, 2023 and 2022 consist of the following:

 SCHEDULE OF DEFERRED TAX ASSETS

		As of June 30,				As of June 30,
		2023				2022
Deferred tax assets:
Net-operating loss carryforward		$	11,557,098			$	7,795,509
Goodwill and intangible asset impairment			5,305,044				-
Stock-based compensation			368,831				392,174
Other			564,531				180,297
Total Deferred Tax Assets			17,795,504				8,367,980
Valuation allowance			(17,795,504	)			(8,367,980	)
Deferred Tax Asset, Net		$	-			$	-

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE

The expected tax expense (benefit) based on the U.S. federal statutory rate is reconciled with actual tax expense (benefit) as follows:

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE  

		For the year ended June 30, 2023				For the year ended June 30, 2022
Statutory Federal Income Tax Rate			(21.00	)%			(21.00	)%
State and Local Taxes, Net of Federal Tax Benefit			(13.56	)%			(13.56	)%
Stock Based Compensation Expense (ISO)			3.21	%			12.78	%
Change in Contingent Consideration			(1.55	)%			(14.08	)%
Goodwill Amortization			(0.82	)%			(2.21	)%
Valuation Allowance			33.72	%			38.07	%
Income Taxes Provision (Benefit)			0.00				0.00

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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