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Acquisition of Anivia Limited and Subsidiaries and Variable Interest Entity (Tables) | 9 Months Ended
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Mar. 31, 2022
Acquisition Of Anivia Limited And Subsidiaries And Variable Interest Entity |
Schedule of allocation of acquisition price |
Schedule of allocation of acquisition price |  |  |  |
Fair Value of Purchase Price: |  |  |  |
Cash |  | $ | 1,500,000 |
Promissory note issued |  |  | 3,600,627 |
Common stock issued |  |  | 5,528,373 |
Total purchase consideration |  | $ | 10,629,000 |
Purchase Price Allocation: |  |  |  |
Covenant not to compete |  | $ | 3,459,120 |
Supplier relationship |  |  | 1,179,246 |
Software |  |  | 534,591 |
Current assets |  |  | 1,104,407 |
Property and equipment |  |  | 46,548 |
ROU asset |  |  | 175,231 |
Goodwill |  |  | 6,094,144 |
Deferred tax liabilities |  |  | (1,389,113 | )
Current liabilities |  |  | (394,659 | )
Lease liability |  |  | (180,515 | )
Total purchase consideration |  | $ | 10,629,000 |
Schedule of Business Acquisition, Pro Forma Information |
Schedule of Business Acquisition, Pro Forma Information |  |  |  |  |  |  |  |
|  | Nine months ended |
|  | March 31, |
|  | 2022 |  |  | 2021 |
Total Revenues |  | $ | 57,300,642 |  |  | $ | 39,348,154 |
Income from Operations |  | $ | 4,623,664 |  |  | $ | 3,043,253 |
Basic and diluted income per share |  | $ | 0.12 |  |  | $ | 0.06 |

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