XML 72 R57.htm IDEA: XBRL DOCUMENT v3.23.3
EQUITY (Details Narrative)
1 Months Ended 12 Months Ended
Oct. 28, 2022
USD ($)
Jul. 01, 2021
USD ($)
$ / shares
shares
Feb. 28, 2023
$ / shares
shares
Nov. 30, 2021
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
$ / shares
shares
Jun. 30, 2021
USD ($)
$ / shares
Subsidiary, Sale of Stock [Line Items]              
Loss on conversion of convertible notes           $ 280,000  
Stock issued during period, value, new issues           11,821,364  
Proceeds from issuance of sale of equity $ 100,000,000            
Stock issued during period, value, new issues         $ 2,846,144 3,347,303  
Number of common stock for services, value           $ 13,578,400  
Common stock issued for exercise of stock options | shares         104,932 969,775  
Proceeds from stock option exercised         $ 66,111 $ 1,326,044  
Options granted | shares         2,155,909 1,037,252  
Exercise price | $ / shares         $ 5.63 $ 9.15  
Options vested | shares     220,000        
Vesting period     4 years        
Options granted, fair value         $ 6,400,000 $ 7,980,000  
Exercise price | $ / shares         $ 4.84 $ 4.68 $ 3.40
Remaining term           7 years 8 years 6 months
Intrinsic value         $ 1,676,966 $ 2,404,249 $ 7,893,467
2016 Equity Incentive Plan [Member]              
Subsidiary, Sale of Stock [Line Items]              
Stock issued during period shares | shares         11,300,000    
Shares available for issuance | shares         2,100,000    
Stock options intrinsic value per share | $ / shares         $ 3.56 $ 3.98  
Unrecognized compensation expense to employees and vendors         $ 8,160,000    
Share-Based Payment Arrangement, Option [Member]              
Subsidiary, Sale of Stock [Line Items]              
Common stock issued for exercise of stock options | shares         42,000 560,000  
Proceeds from stock option exercised         $ 70,000.00 $ 1,330,000  
Target Options [Member]              
Subsidiary, Sale of Stock [Line Items]              
Options granted | shares         2,100,000    
Options granted, fair value         $ 8,500,000    
Exercise price | $ / shares         $ 7.00    
Remaining term         9 years 8 months 12 days    
Intrinsic value         $ 0    
Target Options [Member] | 2016 Equity Incentive Plan [Member]              
Subsidiary, Sale of Stock [Line Items]              
Shares available for issuance | shares         2,100,000    
Unrecognized compensation expense to employees and vendors         $ 8,530,000    
Weighted average period         2 years 5 months 8 days    
Sector 5 Digital, LLC [Member]              
Subsidiary, Sale of Stock [Line Items]              
Fair value         $ 2,410,000    
AUGGD [Member]              
Subsidiary, Sale of Stock [Line Items]              
Fair value         320,000    
Contingent acquisition obligation         570,000    
Repayment of secured promissory note         $ 250,000    
Common Stock [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of common stock for services, shares | shares           1,500,000  
Stock issued during period, value, new issues           $ 1,913  
Stock issued during period, shares, new issues | shares           1,912,500  
Number of common stock for acquisition, shares | shares         714,286 388,342  
Stock issued during period, value, new issues         $ 714 $ 388  
Number of common stock for services, value           $ 1,500  
Common stock issued for exercise of stock options | shares         42,341 559,775  
Common Stock [Member] | Brightline Interactive, LLC [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of common stock for acquisition, shares | shares         714,000    
Stock issued during period, value, new issues         $ 2,850,000    
Common Stock [Member] | PulpoAR, LLC [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of common stock for acquisition, shares | shares         214,000    
Stock issued during period, value, new issues         $ 730,000    
Common Stock [Member] | Incite VR [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of common stock for acquisition, shares | shares         71,000    
Stock issued during period, value, new issues         $ 330,000    
Common Stock [Member] | AUGGD And XRTerra LLC [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of common stock for acquisition, shares | shares           111,000  
Stock issued during period, value, new issues           $ 1,050,000.00  
Common Stock [Member] | Sector 5 Digital [Member]              
Subsidiary, Sale of Stock [Line Items]              
Stock issued during period, shares, new issues | shares         577,000    
Number of common stock for acquisition, shares | shares           277,000  
Stock issued during period, value, new issues           $ 2,300,000  
Common Stock [Member] | AUGGD [Member]              
Subsidiary, Sale of Stock [Line Items]              
Stock issued during period, shares, new issues | shares         107,000    
Common Stock [Member] | XR Terra, LLC. [Member]              
Subsidiary, Sale of Stock [Line Items]              
Stock issued during period, value, new issues         $ 330,000    
Stock issued during period, shares, new issues | shares         71,000    
Common Stock [Member] | Legacy Acquisition Obligation [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of common stock for acquisition, shares | shares           453,000  
Number of common stock for services, value           $ 1,250,000  
Investor [Member]              
Subsidiary, Sale of Stock [Line Items]              
Stock issued during period, shares, new issues | shares           1,910,000  
Investor [Member] | Common Stock [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of shares issued in transaction | shares           1,500,000  
Investor [Member] | Warrant [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of shares issued in transaction | shares           750,000  
Vendors [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of common stock for services, shares | shares         1,800 20,000  
Share-based compensation         $ 10,000.00 $ 200,000  
Employees [Member]              
Subsidiary, Sale of Stock [Line Items]              
Number of common stock for services, shares | shares         155,000 11,000  
Share-based compensation         $ 640,000 $ 100,000  
Executive Officer [Member]              
Subsidiary, Sale of Stock [Line Items]              
Options granted | shares     2,320,000        
Exercise price | $ / shares     $ 7.00        
Securities Purchase Agreement [Member]              
Subsidiary, Sale of Stock [Line Items]              
Share price | $ / shares       $ 10.00      
Fair value of adjustment of warrants       $ 8,800,000      
Stock issued during period, value, new issues       $ 15,000,000.0      
Stock issued during period, shares, new issues | shares       1,500,000      
Warrants price per share | shares       750,000      
Warrants price per share | $ / shares       $ 14.63      
Warrants to purchase shares exercised | shares       560,000      
Warrants and rights outstanding term description       five years      
Share based compensation arrangement by Share based payment award non option equity instruments not exercised | shares       190,000      
Securities Purchase Agreement [Member] | Investor [Member]              
Subsidiary, Sale of Stock [Line Items]              
Proceeds from issuance of common stock       $ 13,580,000      
Proceeds from issuance of sale of equity           $ 13,580,000  
Valuation Technique, Option Pricing Model [Member] | Securities Purchase Agreement [Member]              
Subsidiary, Sale of Stock [Line Items]              
Warrants and rights outstanding term       5 years      
Fair value of measurement input       146      
Valuation Technique, Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member] | Securities Purchase Agreement [Member]              
Subsidiary, Sale of Stock [Line Items]              
Fair value of measurement input       1.22      
Valuation Technique, Option Pricing Model [Member] | Measurement Input, Expected Dividend Rate [Member] | Securities Purchase Agreement [Member]              
Subsidiary, Sale of Stock [Line Items]              
Fair value of measurement input       0      
IPO [Member]              
Subsidiary, Sale of Stock [Line Items]              
Share price | $ / shares   $ 7.00          
Number of shares issued in transaction | shares   1,910,000          
Proceeds from issuance of equity   $ 11,820,000          
Number of common stock for services, shares | shares   87,500          
Fair value of adjustment of warrants   $ 520,000          
Shares issued for satisfaction of convertible promissory note, value   $ 1,430,000          
Shares issued for satisfaction of convertible promissory note, shares | shares   324,150          
Loss on conversion of convertible notes   $ 280,000          
IPO [Member] | Common Stock [Member]              
Subsidiary, Sale of Stock [Line Items]              
Stock issued during period, shares, new issues | shares           324,000  
IPO [Member] | Investor [Member]              
Subsidiary, Sale of Stock [Line Items]              
Share price | $ / shares           $ 7.00  
Proceeds from issuance of common stock           $ 11,820,000  
IPO [Member] | Valuation Technique, Option Pricing Model [Member]              
Subsidiary, Sale of Stock [Line Items]              
Warrants and rights outstanding term   5 years          
Fair value of measurement input   129          
IPO [Member] | Valuation Technique, Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member]              
Subsidiary, Sale of Stock [Line Items]              
Fair value of measurement input   0.87          
IPO [Member] | Valuation Technique, Option Pricing Model [Member] | Measurement Input, Expected Dividend Rate [Member]              
Subsidiary, Sale of Stock [Line Items]              
Fair value of measurement input   0