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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Abstract]

Effective income tax rate reconciliation

		June 30,
		2020								2019
Benefit at statutory rate		$	(2,934,000	)			-21.00	%		$	(5,698,000	)			-21.00	%
State income taxes, net of federal benefit			(798,000	)			-5.71	%			(1,077,000	)			-3.97	%
Stock based compensation			(35,000	)			-0.25	%			3,000				0.01	%
Contingent consideration			54,000				0.39	%			-				0.00	%
Change in tax rate			-				0.00	%			12,000				0.04	%
Remeasurement of deferred taxes			-				0.00	%			-				0.00	%
Effect of phased-in tax rate			-				0.00	%			-				0.00	%
Loss on debt extinguishment and interest expense			167,000				1.20	%			-				0.00	%
Change in valuation allowance			3,496,000				25.02	%			6,584,000				24.27	%
Derivative income			-				0.00	%			(16,000	)			-0.06	%
Other			50,000				0.37	%			192,000				0.71	%
Net income tax provision (benefit)		$	-				0.02	%		$	-				0.00	%

Deferred tax assets and liabilities

		June 30,
		2020				2019
Deferred tax assets (liabilities):
Accrued expenses		$	855,000			$	234,000
Net operating loss carry forward			37,191,000				18,085,000
Intangibles			(1,578,000	)			3,377,000
Share-based compensation			1,891,000				1,210,000
Fixed assets			73,000				86,000
Capital loss carry forward			203,000				203,000
Contribution carry forward			31,000				31,000
Warrant liability			51,000				51,000
Inventory			789,000				25,000
R&D Credits			9,000				-
Lease Liability			261,000				-
ROU Asset			(224,000	)			-
Total deferred income tax assets (liabilities)			39,552,000				23,302,000
Less: Valuation allowance			(39,552,000	)			(23,302,000	)
Total deferred income tax assets (liabilities)		$	-			$	-

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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