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ACQUISITION AND TECHNOLGY PURCHASE (Tables) - Sector Five Digital LLC [Member]
 6 Months Ended
Dec. 31, 2022
Business Acquisition [Line Items]  
SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION

The fair value allocation for the purchase price consideration paid at Closing (including subsequent post-closing adjustment) was recorded as follows:

 

      
Purchase price consideration:     
Cash paid to members at Closing  $2,494,213 
Post-closing working capital adjustment   (185,501)
Company common stock fair value at Closing   2,846,144 
Fair value of contingent consideration to be achieved   6,139,000 
Total purchase price  $11,293,856 
      
Fair value allocation of purchase price:     
Cash and cash equivalents  $15,560 
Accounts receivable   253,041 
Deferred costs/contract assets   552,625 
Other assets   90,000 
Equipment, net   55,580 
Accounts payable and accrued expenses   (848,079)
Deferred revenue/contract liabilities   (2,037,070)
Intangible assets - customer relationships   3,310,000 
Intangible assets - technology   880,000 
Goodwill   9,022,199 
Total fair value allocation of purchase price  $11,293,856 
SCHEDULE OF PROFORMA FINANCIAL INFORMATION

The approximate unaudited pro forma financial information if BLI was included since July 1, 2022 would be:

 

   For the Six Months Ended 
   December 31, 2022 
     
Revenue  $6,904,000 
Net Loss  $(4,225,000)