XML 56 R41.htm IDEA: XBRL DOCUMENT v3.23.3
BUSINESS ACQUISITIONS AND ASSET ACQUISTION - TECHNOLGY (Details Narrative) - USD ($)
 1 Months Ended 6 Months Ended 11 Months Ended 12 Months Ended
Aug. 01, 2022
Feb. 01, 2022
Nov. 30, 2022
Sep. 30, 2022
Jul. 30, 2022
Jun. 30, 2022
May 31, 2022
Oct. 31, 2021
Aug. 31, 2021
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2023
Jun. 30, 2022
Business Acquisition [Line Items]                          
Payment for contingent liability                       $ 1,000,000
Change in fair value of acquisition contingent consideration                       696,722 1,862,229
Net loss                       (28,563,283) (5,966,287)
Value issued                         11,821,364
Intangible assets technology                     $ 327,000 327,000  
Common stock value           $ 12,749       $ 12,749 14,702 14,702 12,749
Augmented Reality Investments Pty Ltd [Member]                          
Business Acquisition [Line Items]                          
Share price                 $ 7.00        
Revenues                       10,000.00 290,000
Net loss                       330,000 220,000
Assets acquisition, intial consideration                 $ 750,000        
Stock issued for acquisition of assets                 77,264        
Assets acquisition, consideration payment               $ 2,000,000.0 $ 5,250,000     590,000  
XR Terra, Inc. [Member]                          
Business Acquisition [Line Items]                          
Share price               $ 7.00          
Assets acquisition, intial consideration               $ 600,000          
Stock issued for acquisition of assets               33,877          
Assets acquisition, consideration payment               $ 300,000          
Assets acquisition, payment description               50% in Company common stock and 50% in cash          
XR Terra, LLC. [Member]                          
Business Acquisition [Line Items]                          
Revenues                       730,000 180,000
Net loss                       1,490,000 530,000
PulpoAR, LLC [Member]                          
Business Acquisition [Line Items]                          
Share price             $ 7.00            
Revenues                       490,000 80,000.00
Net loss                       870,000 50,000.00
Assets acquisition, intial consideration             $ 2,000,000.0            
Stock issued for acquisition of assets       214,286                  
Assets acquisition, consideration payment           $ 500,000              
Asset acquisition, description             75% in Company common stock (which was fair valued at the closing date’s day’s closing price discounted for one year sales restriction from closing, subject to a common stock floor price as defined) and 25% in cash            
Common stock value             $ 12,500,000            
Cash             500,000            
Operating Expense [Member] | Augmented Reality Investments Pty Ltd [Member]                          
Business Acquisition [Line Items]                          
Assets acquisition, consideration payment         $ 570,000                
Brightline Interactive, LLC [Member]                          
Business Acquisition [Line Items]                          
Revenues                     4,850,000    
Net loss                     1,030,000.00    
Inclusive of contingent consideration fair value adjustment gain                     1,110,000    
Sector 5 Digital, LLC [Member]                          
Business Acquisition [Line Items]                          
Revenues                       2,730,000 1,400,000
Net loss                       1,260,000 730,000
Augmented Reality Investments Pty Ltd [Member]                          
Business Acquisition [Line Items]                          
Fair value total                 $ 750,000        
XR Terra, LLC. [Member]                          
Business Acquisition [Line Items]                          
Fair value total               $ 600,000          
PulpoAR, LLC [Member]                          
Business Acquisition [Line Items]                          
Fair value total             $ 1,234,037            
Common stock value                     12,500,000 12,500,000  
Cash                     $ 500,000 500,000  
Merger Agreement [Member] | Brightline Interactive, LLC [Member]                          
Business Acquisition [Line Items]                          
Payment to acquire business $ 568,046                        
Working capital $ 505,787                        
Shares issued for acquisition, shares 714,286                        
Share price $ 7.00                        
Total Purchase price $ 12,665,357                        
Intangible assets technology 880,000                        
Merger Agreement [Member] | Brightline Interactive, LLC [Member] | Minimum [Member]                          
Business Acquisition [Line Items]                          
Contingent consideration liability 24,500,000                        
Merger Agreement [Member] | Brightline Interactive, LLC [Member] | Maximum [Member]                          
Business Acquisition [Line Items]                          
Contingent consideration liability 24,500,000                        
Payment for contingent liability 12,000,000                        
Merger Agreement [Member] | Brightline Interactive, LLC [Member] | Debt [Member]                          
Business Acquisition [Line Items]                          
Payment to acquire business $ 1,926,167                        
Merger Agreement [Member] | Sector 5 Digital, LLC [Member]                          
Business Acquisition [Line Items]                          
Total Purchase price   $ 15,466,503                      
Membership Interest Sale Agreement [Member] | Brightline Interactive, LLC [Member]                          
Business Acquisition [Line Items]                          
Fair value of asset acquired                   6,740,000      
Reduction of asset acquired                   $ 2,430,000      
Business combination acquisition related costs                         182,000
Change in fair value of acquisition contingent consideration                         2,430,000
Membership Interest Sale Agreement [Member] | Brightline Interactive, LLC [Member] | General and Administrative Expense [Member]                          
Business Acquisition [Line Items]                          
Business combination acquisition related costs                         $ 182,000
Membership Interest Sale Agreement [Member] | Sector 5 Digital, LLC [Member]                          
Business Acquisition [Line Items]                          
Payment to acquire business   $ 4,000,000.0                      
Shares issued for acquisition, shares   277,201                      
Share price   $ 7.00                      
Total Purchase price   $ 15,466,503                      
Fair value of asset acquired                       6,210,000  
Reduction of asset acquired                       1,110,000  
Business combination acquisition related costs                       280,000  
Change in fair value of acquisition contingent consideration                       1,110,000  
Membership Interest Sale Agreement [Member] | Sector 5 Digital, LLC [Member] | Contingent Consideration Liability [Member]                          
Business Acquisition [Line Items]                          
Restricted cash   2,000,000.0                      
Membership Interest Sale Agreement [Member] | Sector 5 Digital, LLC [Member] | General and Administrative Expense [Member]                          
Business Acquisition [Line Items]                          
Business combination acquisition related costs                       $ 280,000  
Membership Interest Sale Agreement [Member] | Sector 5 Digital, LLC [Member] | Maximum [Member]                          
Business Acquisition [Line Items]                          
Contingent consideration liability   19,000,000.0                      
Payment for contingent liability   $ 2,000,000.0                      
Assignment Agreement [Member]                          
Business Acquisition [Line Items]                          
Shares issued     71,430                    
Value issued     $ 327,000