v3.19.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Jun. 30, 2018
Current Assets    
Cash $ 57,899 $ 184,255
Accounts receivable 54,004 341,726
Inventories 171,083 586,764
Prepaid and other current assets 1,184 2,764
Total Current Assets 284,170 1,115,509
Property and Equipment, net (Note 2) 31,383 4,254,451
Other Assets    
Goodwill (Note 11) 834,220 892,312
Other assets (Note 11) 1,522,714
Total Other Assets 834,220 2,415,026
Total Assets 1,149,773 7,784,986
Current Liabilities    
Line of credit (Note 3) 1,230,550 547,603
Convertible notes payable, net of discount (Note 4) 1,131,322
Current portion of long term notes payable (Note 4) 281,045 362,181
Accounts payable 555,459 771,080
Accrued expenses 50,552 146,978
Advances from stockholders (Note 5) 260,173
Deferred revenue 219,820
Short term notes payable (Note 4) 165,000
Short term notes payable - related party (Note 5) 485,534
Total Current Liabilities 3,248,928 2,958,369
Noncurrent Liabilities    
Notes payable, less current portion (Note 4) 1,694 4,524,347
Total Liabilities 3,250,622 7,482,716
Stockholders' Equity (Deficit) (Notes 1, 7, and 11)    
Common stock 999 965
Additional paid-in capital 4,574,998 3,108,873
Accumulated deficit (6,676,846) (2,807,568)
Total Stockholders' Equity (Deficit) (2,100,849) 302,270
Total Liabilities and Stockholders' Equity (Deficit) $ 1,149,773 $ 7,784,986
v3.19.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Revenues        
Total Revenues $ 348,723 $ 304,947 $ 1,717,353 $ 2,148,955
Cost of Sales        
Total Cost of Sales 285,148 236,243 1,165,711 1,767,601
Gross Profit 63,575 68,704 551,642 381,354
General and Administrative Expenses        
General and administrative 2,043,181 566,137 4,408,951 1,562,009
Loss from Operations (1,979,606) (497,433) (3,857,309) (1,180,655)
Other Income (Expense)        
Other income 97,471 177 151,289 1,056
Interest expense (100,893) (22,207) (163,258) (37,238)
Total Other Income (Expense) (3,422) (22,030) (11,969) (36,182)
Net Loss before Income Taxes (1,983,028) (519,463) (3,869,278) (1,216,837)
Income taxes (Note 8)
Net Loss $ (1,983,028) $ (519,463) $ (3,869,278) $ (1,216,837)
Net Basic and Fully Diluted Loss Per Share $ (0.20) $ (0.06) $ (0.42) $ (0.14)
Weighted average common shares outstanding Basic and fully diluted 10,105,121 8,572,233 9,154,161 8,572,233
Technology interactive panels and related products [Member]        
Revenues        
Total Revenues $ 261,712 $ 293,136 $ 1,106,540 $ 2,137,144
Cost of Sales        
Total Cost of Sales 230,833 236,243 948,073 1,767,601
Entertainment theater ticket sales and concessions [Member]        
Revenues        
Total Revenues 78,661 589,705
Cost of Sales        
Total Cost of Sales 54,315 217,638
Technology office supplies [Member]        
Revenues        
Total Revenues $ 8,350 $ 11,811 21,108 11,811
Cost of Sales        
Total Cost of Sales     $ 1,165,711 $ 1,767,601
v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net loss $ (3,869,278) $ (1,216,837)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 216,642 14,547
Amortization of convertible note discount included in interest expense 45,022
Gain on sale of Entertainment (60,688)
Issuance of stock for services 921,859
Changes in assets and liabilities:    
Accounts receivable 283,222 336,591
Inventories 410,071 32,674
Prepaid expenses and other assets (34,710) 13,029
Accounts payable (135,105) (79,405)
Accrued expenses 34,344 21,367
Deferred revenue (219,820)
Net used in operating activities (2,408,441) (878,034)
Cash Flows from Investing Activities    
Purchase of property and equipment (2,686)
Net used in investing activities (2,686)
Cash Flows from Financing Activities    
Dividends (1,587)
Principal payments on mortgage and capital lease obligations (37,989) (8,604)
Principal payments on short term notes payable (20,000) (225,000)
Proceeds (payments) on advance from stockholder, net (111,173) 261,131
Proceeds from convertible note payable 1,086,300
Proceeds from line of credit 682,947 528,603
Proceeds from issuance of common stock (Note 7) 637,000 104,226
Proceeds from notes payable - related parties 45,000
Net provided in financing activities 2,282,085 658,769
Net Decrease in Cash and Cash Equivalents (126,356) (221,951)
Cash, Beginning of Period 184,255 232,427
Cash, End of Period 57,899 10,476
Supplemental and Non Cash Disclosures    
Non-cash debt discount on convertible notes payable 120,700
Non-cash sale of Entertainment 92,700
Cash paid during the period for interest $ 132,560 $ 37,238