Grow Capital (GRWC) 10-Q 24 May 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2021	May 21, 2021
Document and Entity Information
Registrant Name	GROW CAPITAL, INC.
Registrant CIK	0001448558
SEC Form	10-Q
Period End date	Mar. 31, 2021
Fiscal Year End	--06-30
Tax Identification Number (TIN)	86-0970023
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Shell Company	false
Small Business	true
Emerging Growth Company	true
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity File Number	000-53548
Entity Incorporation, State or Country Code	NV
Number of common stock shares outstanding		26,069,583
Entity Ex Transition Period	true
Entity Interactive Data Current	Yes
Entity Address, Address Line One	2485 Village View Drive
Entity Address, Address Line Two	Suite 180
Entity Address, City or Town	Henderson
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89074
City Area Code	702
Local Phone Number	830-7919

Condensed Consolidated and Comb

Condensed Consolidated and Combined Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
CURRENT ASSETS:
Cash	$ 1,097,443	$ 246,761
Accounts receivable, net of allowance	91,274	61,294
Accounts receivable, related parties	20,418	249,057
Prepaid expenses and other current assets	234,288	69,275
Promissory note receivable	54,000	88,510
Assets held for sale	0	795,917
Total current assets	1,497,423	1,510,814
Property, plant and equipment, net	149,215	58,982
Intangible assets	200	200
Right to use assets	1,824,573	335,645
Deposits	29,833	7,617
Total Assets	3,501,244	1,913,258
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	1,439,290	647,820
Accounts payable, related parties	319,298	140,463
Advances from related parties	305,000	105,000
Unearned revenue	47,267	25,240
Deferred income tax liability	31,800	31,800
Lease liability, current portion	275,958	45,957
Current portion of debt	436,901	0
Liability held for sale	0	619,791
Other current liabilities	195,716	11,568
Total current liabilities	3,051,230	1,627,639
Lease liability	1,587,551	293,664
Debt, net of current portion	4,796,784	0
Unearned revenue, net of current portion	3,317,927	0
Other liability	370,000	0
Total Liabilities	13,123,492	1,921,303
Commitments and contingencies
STOCKHOLDERS' AND MEMBERS' DEFICIT
Preferred stock, $0.001 par value, 50,000,000 shares authorized as at March 31, 2021 and June 30, 2020, none issued and outstanding	0	0
Common stock, $0.001 par value, 500,000,000 shares authorized, 24,915,979 and 13,097,310 issued, issuable and outstanding at March 31, 2021 and June 30, 2020 respectively.	24,916	13,097
Treasury stock	(235,600)	0
Additional paid-in capital	51,307,593	50,066,944
Accumulated deficit	(51,630,889)	(50,088,086)
Total Grow Capital Inc. stockholders' deficit	(533,980)	(8,045)
Members' deficit	(9,088,268)	0
Total stockholders' and members' deficit	(9,622,248)	(8,045)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 3,501,244	$ 1,913,258

Condensed Consolidated and Co_2

Condensed Consolidated and Combined Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Jun. 30, 2020
Statement of Financial Position [Abstract]
Preferred Stock, par or stated value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	50,000,000	50,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par or stated value	$ 0.001	$ 0.001
Common Stock, shares authorized	500,000,000	500,000,000
Common Stock, shares issued	24,915,979	13,097,310
Common Stock, shares outstanding	24,915,979	13,097,310

Condensed Consolidated and Co_3

Condensed Consolidated and Combined Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenue	$ 8,056,391	$ 30,707	$ 21,095,963	$ 142,830
Revenue, related parties	15,085	534,607	485,528	1,657,909
Total revenues	8,071,476	565,314	21,581,491	1,800,739
Cost of sales, nonrelated parties	5,759,095	290,285	15,169,064	714,109
Cost of sale, related parties	938,655	0	2,488,297	186,354
Total cost of sales	6,697,750	290,285	17,657,361	900,463
Gross profit	1,373,726	275,029	3,924,130	900,276
Operating expenses
General and administrative	1,293,133	596,234	3,098,025	1,712,152
General and administrative, related parties	574,571	56,819	1,597,843	167,261
Professional fees	499,384	215,042	1,432,343	743,894
Settlement	0	0	494,458	0
Depreciation, amortization and impairment	(868)	1,758	10,635	7,032
Total operating expenses	2,366,220	869,853	6,633,304	2,630,339
Loss from operations	(992,494)	(594,824)	(2,709,174)	(1,730,063)
Other income (expense):
Interest expense	(68,226)	0	(174,435)	0
Interest income	2,392	1,657	6,585	4,723
Other income	250,772		250,772	0
Total other income (expense), net	184,938	1,657	82,922	4,723
Income (loss) from continuing operations	(807,556)	(593,167)	(2,626,252)	(1,725,340)
Income (loss) from discontinued operations	(34,956)	(20,212)	5,244	482,302
Net loss	(842,512)	(613,379)	(2,621,008)	(1,243,038)
Net Income (loss) attributable to Members of Appreciation Financial	(280,795)	0	(1,078,205)	0
Net loss attributable to Grow Capital Inc.	$ (561,717)	$ (613,379)	$ (1,542,803)	$ (1,243,038)
Basic and diluted net loss per share from continuing operations	$ (0.03)	$ (0.05)	$ (0.12)	$ (0.15)
Basic and diluted net loss per share from discontinued operations	0	0	0	0.04
Basic and diluted net loss per share	$ (0.03)	$ (0.05)	$ (0.12)	$ (0.11)
Basic and diluted weighted average common shares outstanding	24,827,777	12,426,638	21,752,359	11,369,005

Condensed Consolidated and Co_4

Condensed Consolidated and Combined Statements of Changes in Stockholders and Members Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Deficit	Total Grow Capital Inc.Shareholders Deficit	Appreciation Financial Members Deficit	Total
Equity Balance, beginning of period, Value at Jun. 30, 2019		$ 7,037		$ 49,766,676	$ (47,741,333)			$ 2,032,380
Equity Balance, beginning of period, Shares at Jun. 30, 2019		7,037,241
Private placements, Value		$ 14		49,986				50,000
Private placements, Shares		13,889
Conversion of accounts payable into stock, Value		$ 7		20,277				20,284
Conversion of accounts payable into stock, Shares		7,350
Shares issued under business combination, Value		$ 5,534		75,633				81,167
Shares issued under business combination, ,Shares		5,533,773
Shares issued to Officers, Directors and employees, Value		$ 23		90,251				90,274
Shares issued to Officers, Directors and employees, Shares		22,548
Shares retired under sale of subsidiary, Value		$ (455)		(908,934)				(909,389)
Shares retired under sale of subsidiary, Shares		(454,694)
Loss for the period					(248,893)			(248,893)
Equity Balance, end of period, Value at Sep. 30, 2019		$ 12,160		49,093,889	(47,990,226)			1,115,823
Equity Balance, end of period, Shares at Sep. 30, 2019		12,160,107
Private placements, Value		$ 50		49,950				50,000
Private placements, Shares		50,000
Conversion of accounts payable into stock, Value		$ 40		66,063				66,103
Conversion of accounts payable into stock, Shares		39,859
Shares issued to Officers, Directors and employees, Value		$ 53		92,666				92,719
Shares issued to Officers, Directors and employees, Shares		53,720
Loss for the period					(380,766)			(380,766)
Equity Balance, end of period, Value at Dec. 31, 2019		$ 12,303		49,302,568	(48,370,992)			943,879
Equity Balance, end of period, Shares at Dec. 31, 2019		12,303,686
Private placements, Value		$ 100		99,900				100,000
Private placements, Shares		100,000
Conversion of accounts payable into stock, Value		$ 17		28,259				28,276
Conversion of accounts payable into stock, Shares		17,242
Shares issued to Officers, Directors and employees, Value		$ 83		107,806				107,889
Shares issued to Officers, Directors and employees, Shares		82,535
Loss for the period					(613,379)			(613,379)
Equity Balance, end of period, Value at Mar. 31, 2020		$ 12,503		49,538,533	(48,984,371)			566,665
Equity Balance, end of period, Shares at Mar. 31, 2020		12,503,463
Equity Balance, beginning of period, Value at Jun. 30, 2020		$ 13,097		50,066,944	(50,088,086)	$ (8,045)		(8,045)
Equity Balance, beginning of period, Shares at Jun. 30, 2020		13,097,310
Shares issued to acquire related party business, Value		$ 9,358	(200,600)	(209,413)		(400,655)	(8,010,063)	(8,410,718)
Shares issued to acquire related party business, Shares		9,358,185
Private placements, Value		$ 75	(35,000)	74,925		40,000		40,000
Private placements, Shares		75,000
Shares issued to Officers, Directors and employees for compensation, Value		$ 146		164,919		165,065		165,065
Shares issued to Officers, Directors and employees for compensation, Shares		145,495
Conversion of accounts payable into stock, Value		$ 17		23,091		23,108		23,108
Conversion of accounts payable into stock, Shares		17,104
Loss for the period					(1,075,331)	(1,075,331)	73,995	(1,001,336)
Equity Balance, end of period, Value at Sep. 30, 2020		$ 22,693	(235,600)	50,120,466	(51,163,417)	(1,255,858)	(7,936,068)	(9,191,926)
Equity Balance, end of period, Shares at Sep. 30, 2020		22,693,094
Private placements, Value		$ 1,500		373,500		375,000		375,000
Private placements, Shares		1,500,000
Shares issued to Officers, Directors and employees for compensation, Value		$ 371		388,752		389,123		389,123
Shares issued to Officers, Directors and employees for compensation, Shares		371,239
Conversion of accounts payable into stock, Value		$ 21		20,776		20,797		20,797
Conversion of accounts payable into stock, Shares		20,797
Loss for the period					94,245	94,245	(871,405)	(777,160)
Equity Balance, end of period, Value at Dec. 31, 2020		$ 24,585	(235,600)	50,903,494	(51,069,172)	(376,693)	(8,807,473)	(9,184,166)
Equity Balance, end of period, Shares at Dec. 31, 2020		24,585,130
Shares issued to Officers, Directors and employees for compensation, Value		$ 316		382,842		383,158		383,158
Shares issued to Officers, Directors and employees for compensation, Shares		316,179
Conversion of accounts payable into stock, Value		$ 15		21,257		21,272		21,272
Conversion of accounts payable into stock, Shares		14,670
Loss for the period					(561,717)	(561,717)	(280,795)	(842,512)
Equity Balance, end of period, Value at Mar. 31, 2021		$ 24,916	$ (235,600)	$ 51,307,593	$ (51,630,889)	$ (533,980)	$ (9,088,268)	$ (9,622,248)
Equity Balance, end of period, Shares at Mar. 31, 2021		24,915,979

Condensed Consolidated and Co_5

Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,542,803)	$ (1,243,038)
(Gain) from discontinued operations	(5,244)	(482,302)
Net loss from continuing operations:	(2,626,252)	(1,725,340)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, amortization and impairment expense	10,635	7,032
Fixed assets disposal to employee as compensation	5,566	0
Stock based compensation	957,523	1,508,278
Loss on debt settlement	494,458	0
Impair of other current asset	6,900	0
Amortization on ROU	16,419	2,377
Changes in operating assets and liabilities:
Prepaid expenses and other assets	23,093	(7,139)
Accounts receivable	66,334	(81,381)
Accounts receivable, related parties	228,639	(192,495)
Accounts payable and accrued liabilities	(23,392)	(159,734)
Account payable, related parties	(22,418)	45,452
Unearned revenue	7,561	(6,240)
Other current liabilities	(2,258)	0
Net cash (used in) in operating activities	(857,192)	(609,190)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of property	147,663	0
Cash received from business combination	884,273	43,975
Promissory note receivable	34,510	(94,950)
Due from related party	0	16,854
Net cash (used in) provided by investing activities	1,066,446	(34,121)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment debt	(42,636)	0
Proceeds (repayment) from related party	200,000	(13,121)
Proceeds from private placement	450,000	350,000
Net cash provided by financing activities	607,364	336,879
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Operating activities	40,115	(11,735)
Investing activities	0	(2,030)
Financing activities	(6,051)	(6,856)
Net cash (used) provided by discontinued activities	34,064	(20,621)
Net increase (decrease) in cash	850,682	(327,053)
Cash at beginning of year	246,761	483,430
Cash at the end of the period	1,097,443	156,377
Supplemental Disclosure of Cash Flows Information:
Cash paid for interest, discontinued	26,131	26,917
Cash paid for income taxes	0	0
Cash paid for operating lease	209,883	18,732
Non-cash Investing and Financing Activities:
Stock issued for settlement of accounts payable	45,000	91,433
Stock returned from sale of WCS	0	909,389
Assets acquire, net of liabilities, Bombshell	0	81,167
Assets acquire, net of liabilities, PERA combined with Appreciation	8,336,381	0
Accounts payable reclassify to other current liability due to litigation	$ 61,948	$ 0

Note 1 - Organization and Descr

Note 1 - Organization and Description of Business	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Note 1 - Organization and Description of Business	Note 1 – Organization and Description of Business Grow Capital, Inc. (the "Company," “we,” or “us”) (f/k/a Grown Condos, Inc.) was incorporated on October 22, 1999, in the State of Nevada. Our former wholly owned subsidiary, WCS Enterprises, LLC (“WCS”) is an Oregon limited liability company which was formed on September 9, 2013 with operations beginning in October 2013. WCS is a real estate purchaser, developer and manager of specific use industrial properties providing "Condo" style turn-key aeroponics grow facilities to support cannabis farmers. WCS owns, leases, sells and manages multi- tenant properties so as to reduce the risk of ownership and reduce costs to tenants and owners. WCS owned a condominium property in Eagle Point, Oregon (the “Eagle Point Property”). On September 30, 2019, we sold WCS to the Wayne A. Zallen Trust u/a/d/ 10/24/2014 (the “Zallen Trust”), of which Wayne Zallen, our former CEO and Chairman, is the trustee and a beneficiary. See Note 5 for further information. Our wholly owned subsidiary, Resort at Lake Selmac, Inc. (formerly Smoke on the Water, Inc.) was incorporated on October 21, 2016, in the State of Nevada. The name change was effected February 3, 2020. Resort at Lake Selmac is focused on operating properties in the RV and campground rental industry and currently owns the Lake Selmac Resort located at 2700 Lakeshore Drive, Selma, Oregon (the “Lake Selmac Property”). Our wholly owned subsidiary Bombshell Technologies, Inc. (“Bombshell”), was formed as Bombshell Technologies, LLC on November 5, 2018 and converted into a C corporation on June 24, 2019. We acquired Bombshell on July 23, 2019. Bombshell is a full-service design and software development company focused on developing and selling software to financial services firms and advisors and is the first acquisition as part of our strategic shift into the financial technology (“FinTech”) sector and related sectors. On June 22, 2018, the Board of Directors of the Company approved an amendment to our articles of incorporation to increase our authorized capital to 180,000,000 shares, consisting of 175,000,000 shares of common stock (“Common Stock”), par value $0.001, and 5,000,000 shares of preferred stock (“Preferred Stock”), par value $0.001 (the “Recapitalization”) and to change the name of the Company to “Grow Capital, Inc.” The Company filed articles of amendment with the State of Nevada to effect the aforementioned changes on July 10, 2018 and August 28, 2018, respectively. The Company received approval from the Financial Industry Regulatory Authority ("FINRA") for the above noted corporate actions on August 8, 2019. On July 23, 2019, and effective July 25, 2019, the Board of Directors of the Company and the holders of our outstanding capital stock having a majority of the voting power, respectively, adopted resolutions to amend and restate our articles of incorporation to increase our authorized capital to 550,000,000 shares, consisting of 500,000,000 shares of Common Stock and 50,000,000 shares of Preferred Stock. The effective date of the aforementioned actions was August 29, 2019. In connection with its name change, the Company adopted a business plan focused on shifting the Company’s strategy away from rental activities focused in the cannabis industry and into the FinTech sector and related sectors. In connection with this strategy, the Company hired a new Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) and appointed a new chairman of the Company’s board of directors (the “Board”), all of whom have significant experience in the FinTech sector. The Company intends to acquire FinTech companies, such as Bombshell, with a clear niche and strong leadership and use its experience and understanding of the FinTech sector and access to the public markets to help its acquisitions grow. The Company is currently in the process of identifying and pursuing suitable acquisitions. In connection with the shift in the Company’s strategy away from rental activities focused in the cannabis industry, the Company sold WCS on September 30, 2019 and its operations up to the date of sale were included as Assets and Liabilities’ Held for Sale. (Note 5). While the Company actively marketed the Resort at Lake Selmac during the first and second quarters of fiscal 2020, given the current market conditions, the Company let the listing agreement expire on March 31, 2020 and we decided to continue operating the business until such time as a viable exit strategy for the resort is identified. On January 27, 2021 the Company entered into an agreement with a Buyer for the sale of the Resort at Lake Selmac site location for an offering price of $740,000. There are no commissions payable on the sale, and the sale was closed on March 3, 2021. As a result, the operations of the Selmac Property are included in discontinued operations as of March 31, 2021. (See Note 5). On May 13, 2020, the Company’s board of directors and stockholders approved an amended and restated certificate of incorporation to, among other things, effect a reverse split on the outstanding shares of the Company’s common stock on a one-for-20 basis (the “Reverse Stock Split”). The Reverse Stock Split became effective on July 30, 2020 and has been shown on a retroactive basis within all periods presented. The par values of the common were not adjusted as a result of the reverse stock split. Keeping with management’s determination to acquire complementary revenue generating operations, on August 19, 2020, the Company acquired PERA LLC, a Nevada limited liability company (“PERA”), pursuant to an exchange agreement (the “Exchange Agreement”), effective as of August 3, 2020 (the “Effective Date”), by and between PERA, the members of PERA (the “PERA Members”), and the Company. As a result, PERA became a wholly-owned subsidiary of the Company. At the time of the acquisition of PERA LLC, the Company determined that Appreciation Financial was under common control with PERA LLC, as they are both controlled by our Chief Operating Officer, Terry Kennedy (see Note 4). Additionally, Appreciation was considered to be a primary beneficiary of PERA LLC. The Company has had discussions with the members of Appreciation Financial about potential combinations, which as of the date of these financial statements are not yet probable. However, because of the nature of the relationship, the Company determined that while Appreciation Financial is not a variable interest entity to the Company, the nature of the common control relationship coupled with the inter-relationship with PERA LLC meant that in order for the results of operations and financial position to not be misleading, the Company had to combine its results with those of Appreciation Financial upon the acquisition of PERA, LLC. With the acquisition of PERA LLC, and concurrent combination of the operations of Appreciation Financial, the Company expanded its operations into lead generation services and insurance brokerage. PERA LLC provides access to public employee retirement services, serving as an appointment portal for agents to schedule qualified appointments with public employees seeking financial planning for retirement and other associated insurance coverage. Appreciation Financial LLC has a network of member agents offering full-service retirement planning servicing public employees and their families providing policies from a series of insurance carriers that meet their retirement planning requirements. As the Company looks to continue to expand in the financial technology and related sectors, Grow Capital expects to identify additional acquisition targets, complete those acquisitions, and grow its complementary operating companies. Any potential acquisitions or divestitures remain subject to final agreements, due diligence, and typical closing conditions. Going Concern During the nine month periods ended March 31, 2021 and 2020, the Company reported a net loss of $2,621,008 and $1,243,038, respectively. The Company had a working capital deficit of $1,553,807, with approximately $1,097,000 of cash on hand as of March 31, 2021. Cash used in operations totaled $857,192 during the nine months ended March 31, 2021. The Company continues to work actively to increase its customer/client base and increase gross profit in Bombshell Technologies and PERA LLC, in order to achieve net profitability by the close of fiscal 2021. For any operational shortfalls, the Company intends to rely on sales of our unregistered common stock, loans and advances until such time as we achieve profitable operations. In addition, the current presentation is based on the fact that the Company is currently in negotiations to acquire Appreciation Financial LLC and its related entities. Should that not occur, its possible that the Company will no longer combine its results with those of Appreciation Financial LLC and its related entities. If the Company fails to generate positive cash flow or obtain additional financing, when required and on acceptable terms, the Company may have to modify, delay, or abandon some or all of its business and expansion plans, and potentially cease operations altogether. Consequently, the aforementioned items raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. The accompanying consolidated financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. Covid-19 Pandemic The recent COVID-19 pandemic could have an adverse impact on our ongoing operations. To date the Company’s primary operating segments, Bombshell and PERA LLC have not experienced a decline in sales as a result of the impact of COVID-19, and in fact, have increased sales due to the increase in demand for virtual appointments which can be serviced by PERA LCC as a part of their core operational mandate. In addition, the Company’s operations in the FinTech sector are carried out with a limited amount of person to person contact and we do not expect an impact on these operations as a result of COVID 19, however, the full effect of the COVID-19 outbreak continues to evolve as of the date of this report, is highly uncertain and subject to change. Operations of the Company’s Resort at Lake Selmac property, now included in discontinued operations, were delayed until July 2020 when the government permitted the resort to reopen, however since that time the resort had continued to receive regular bookings and had returned to normal operating parameters up until its sale on March 3, 2021. As a result, Management does not expect the delay in opening the resort for the 2020-2021 season to substantially impact profitable operations for this business in the long term. Management is actively monitoring the situation but given the daily evolution of the COVID-19 outbreak, the Company is not able to estimate the effects of the COVID-19 outbreak on its operations or financial condition in the next 12 months. While significant uncertainty remains, the Company does not believe the COVID-19 outbreak will have a negative impact on its ability to raise additional financing, conclude the acquisition of targeted business operations or reach profitable operations.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Note 2 - Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated and combined financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The unaudited condensed financial statements included herein are unaudited. Such financial statements, in the opinion of management, contain all adjustments necessary to present fairly the financial position and results of operations as of and for the periods indicated. All such adjustments are of a normal recurring nature outside of the combination of Appreciation Financial. These interim results are not necessarily indicative of the results to be expected for the year ending June 30, 2021 or for any other period. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, and because of this, for further information, readers should refer to the financial statements and footnotes included in its Form 10-K for the fiscal year ended June 30, 2020 filed on October 13, 2020. The Company believes that the disclosures are adequate to make the interim information presented not misleading. Consolidation and Combination The Company’s policy is to consolidate all entities that it controls by ownership of a majority of the outstanding voting stock. In addition, upon the acquisition of PERA LLC, the Company combined entities that met the criteria of having common control with Grow Capital and its controlled subsidiaries. Upon the acquisition of PERA LLC (see below), the Company identified certain common control entities, the operations of which are included in our consolidated and combined financial statements. The accompanying unaudited condensed consolidated and combined financial statements include the accounts of Grow Capital Inc. and its wholly-owned subsidiaries, Bombshell Technologies Inc., The Resort at Lake Selmac and PERA LLC, as well as PERA Administrators LLC, the operations of which are for the sole benefit of PERA LLC. In addition, the Company has combined the results of Appreciation Financial LLC and Appreciation Rewards LLC. At the time of the acquisition of PERA LLC, the Company determined that Appreciation Financial was the primary beneficiary of PERA LLC. In addition, the Company determined that it has common ownership with Appreciation Financial and the Company has had discussions with the members of Appreciation Financial about potential combinations, which as of the date of these financial statements are not yet probable. However, because of the nature of the relationship, the Company determined that while Appreciation Financial is not a variable interest entity to the Company, the nature of the common control relationship coupled with the inter-relationship with PERA LLC meant that in order for the results of operations and financial position to not be misleading, the Company had to combine its results with those of Appreciation Financial upon the acquisition of PERA, LLC. Reported operations in the three and nine months ended March 31, 2021 include operation of our wholly owned subsidiary Bombshell, with the operational results of The Resort at Lake Selmac reflected as discontinued operations as a result of a recent entry into a sales agreement closed on March 3, 2021. In addition, results reported include the results of operations by PERA LLC and its common control entities for the period from acquisition (August 19, 2020 through March 31, 2021). March 31, 2021 operating results also include the combined results of both Appreciation Financial LLC Appreciations Rewards LLC for the period from August 19, 2020 to March 31, 2021. Results for the comparative three and nine month periods ended March 31, 2020 include Grow Capital and Bombshell with the results of the Resort at Lake Selmac included as discontinued operations. All material intercompany accounts, transactions, and profits have been eliminated in consolidation and with and between the combined entities. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to estimates and assumptions include timing of recognition of commission revenue on insurance policy renewals and expenses related thereto, along with costs associated with policy acquisition and our allowance for doubtful accounts. Actual results could differ from those estimates. Cash and Cash Equivalents For financial accounting purposes, cash and cash equivalents are considered to be all highly liquid investments with a maturity of three (3) months or less at the time of purchase. Concentrations Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At March 31, 2021 and June 30, 2020, the Company had $122,222 and $0 in excess of the FDIC insured limit, respectively. Concentration Risk - Revenues For the three and nine months ended March 31, 2021, one customer accounted for 55% and 55% of combined and consolidated gross revenue, 55% and 56% of combined and consolidated revenue from non-related parties and 68% and 68% of revenue recorded by Appreciation Financial LLC. The contribution of revenue to the three and nine month operating period ended March 31, 2021 was derived from operations of Appreciation Financial LLC for the period between August 19, 2020 and March 31, 2021. Concentration of Financing Risk Appreciation Financial is dependent upon on its largest customer for financing of its operations. That customer has provided commission advances of approximately $3.3 million and loans of approximately $4.75 million as of March 31, 2021. Accounts Receivable and Allowance for Doubtful Accounts The Company determines the allowance for doubtful accounts by considering a number of factors, including the length of time the accounts receivable are beyond the contractual payment terms, previous loss history, and the customer’s current ability to pay its obligation. When the Company becomes aware of a specific customer’s inability to meet its financial obligations to the Company, the Company records a charge to the allowance to reduce the customer’s related accounts. At March 31, 2021 the allowance for doubtful accounts totaled approximately $100,150 (June 30, 2020 - $35,350.). Lease Receivables and deferred rent Lease receivables are recognized when rents are due, and for the straight-line adjustment to rents over the term of the lease less an allowance for expected uncollectible amounts. Inherent in the assessment of the allowance for doubtful accounts are certain judgments and estimates including, among others, the customer's willingness or ability to pay, the Company's compliance with lease terms, the effect of general economic conditions and the ongoing relationship with the customer. Accounts with outstanding balances longer than the payment terms are considered past due. We do not charge interest on past due balances. The Company writes off lease receivables when it determines that they have become uncollectible after all reasonable collection efforts have been made. If we record bad debt expense, the amount is reflected as a component of operating expenses in the statements of operations. Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-02 – Topic 842 Leases. The Company has elected to apply the short-term scope exception for leases with terms of 12 months or less at the inception of the lease and will continue to recognize rent expense on a straight-line basis. As a result of the adoption, on July 1, 2019, the Company recognized a lease liability of approximately $291,753, which represented the present value of the remaining minimum lease payments using an estimated incremental borrowing rate of 6.75%. As of July 1, 2019, the Company recognized a right-to-use asset of approximately $289,089. Lease expense did not change materially as a result of the adoption of ASU 2016-02. As a result of the acquisition of PERA LLC and combined entity Appreciation Financial LLC, as of August 19, 2020 the Company recognized a right to use asset of $157,795 and a lease liability of $153,413 with respect to PERA LLC and a right to use asset of $1,575,145 and a lease liability of $1,598,068 with respect to combined entity Appreciation Financial LLC. Intangible Assets The Company’s intangible assets consist of intellectual property with minimal value. Investment In and Valuation of Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation and amortization. Amounts capitalized to real estate assets consist of the cost of acquisition (excluding acquisition related expenses), construction costs, and mortgage interest during the period the facilities are under construction and prior to readiness for occupancy, and any tenant improvements, major improvements and betterments that extend the useful life of the real estate assets and leasing costs. All repairs and maintenance are expensed as incurred. The Company is required to make subjective assessments as to the useful lives of its depreciable assets. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life of the assets. Real estate assets, other than land, are depreciated on a straight-line basis over the estimated useful life of the asset. The estimated useful lives of the Company's real estate assets by class are generally as follows: Land Indefinite Buildings 40 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term Impairment of long-lived assets The Company monitors its long-lived assets and finite-lived intangibles for indicators of impairment. If such indicators are present, the Company assesses the recoverability of affected assets by determining whether the carrying value of such assets is less than the sum of the undiscounted future cash flows of the assets. If such assets are found not to be recoverable, the Company measures the amount of such impairment by comparing the carrying value of the assets to the fair value of the assets, with the fair value generally determined based on the present value of the expected future cash flows associated with the assets (See Note 6). Share-based compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. Unregistered stock awards are measured based on the fair market values of the underlying stock on the dates of grant. For service type awards, share-based compensation expense is recognized on a straight-line basis over the period during which the employee is required to provide service in exchange for the entire award. For awards that vest or begin vesting upon achievement of a performance condition, the Company estimates the likelihood of satisfaction of the performance condition and recognizes compensation expense when achievement of the performance condition is deemed probable using an accelerated attribution model. Revenue Recognition under ASC 606 The Company has adopted accounting standard, ASC 606 “Revenue from Contracts with Customers” Revenues from contracts with customers are recognized when control of promised goods and services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company recognizes revenue using the five-step model as prescribed by ASC 606: 1) Identification of the contract, or contracts, with a customer; 2) Identification of the performance obligations in the contract; 3) Determination of the transaction price; 4) Allocation of the transaction price to the performance obligations in the contract; and 5) Recognition of revenue when or as, the Company satisfies a performance obligation. When a contract with a customer or an agent is signed, the Company assesses whether collection of the fees under the arrangement is probable. The Company estimates the amount to reserve for uncollectible amounts at the end of each reporting period based on the aging of the contract balance, current and historical customer trends, and communications with its customers. These reserves are recorded against the related accounts receivable. The transaction price is the consideration that the Company expects to receive from its customers and agents in exchange for its products or services. In determining the allocation of the transaction price, the Company identifies performance obligations in contracts with customers, which may include subscriptions to software and services, support, professional services and customization. In the case of the Company’s software contracts and support services prices are predetermined based on the specific terms of the contract either in flat fee customization/license fee charges or as hourly support and/or software customization charges. Charges relative to license fees are amortized over the term of the license. Charges relative to customization of the software are charged over the term of the scope of work on a percentage of completion basis. Charges relative to support and ongoing services and professional fees are charged when incurred and control has been transferred or the work has been completed. Income earned through the sale of appointments to agents by PERA LLC are recognized on the date of the service appointment. License fees and customization of software License and implementation fees are charged as flat fees which are amortized over the term of the contract. For contracts with elements related to customized software solutions and certain build-outs or software systems that require significant modification or customization, the Company will recognize revenue using the percentage-of-completion method. In using the percentage-of-completion method, revenues are generally recorded based on completion of milestones under a scope of work or based on total estimated cost of work and percentage completion as at the balance sheet date. Software Revenue The Company generates software revenue monthly on a single fee per subscribed user basis. The Company recognizes software revenue monthly on a per user for each user that is able to deploy software and provided all revenue recognition criteria have been met. If the revenue recognition criteria has not been met, the revenue is deferred or not recognized. Customization, support and maintenance Revenue from the Company’s customization of software to meet a particular client’s needs is recognized on a percentage of completion basis over the term of the customization work and until control of the goods or services is transferred to the customer or such date the customer agrees the scope of work has been completed and the intended functionality of the software is complete and able to perform the desired service. Support and maintenance revenue is generated from recurring monthly support and is invoiced monthly based on hourly fees at predetermined rates based on each customer contract. The Customer is credited a certain number of services hours monthly based on the numbers of users actively subscribed to the software which amounts offset any monthly user fees. Support and maintenance services include e-mail and telephone support, unspecified rights to software fixes and product updates and upgrades and enhancements available on a when-and-if available basis. Professional services and other Professional services and other revenue is generated through services including onsite training, product implementation and other similar services. Professional services are generally flat fee services based on a number of hours or scope of work for each specific service. Depending on the services to be provided, revenue from professional services and other is generally recognized at the time of delivery when the services have been completed and control has been transferred. Income from agent appointments Income generated by booking appointments for insurance agents is earned on the date on which the appointment takes place. Appointment fees which are collected in advance of appointments are recorded as unearned revenue. Unearned Revenue Unearned revenue represents billings or payments received in advance of revenue recognition and is recognized upon transfer of control. Balances consist primarily of appointment fees collected from member agents where the client appointment has not yet occurred, license fees being amortized over the term of the customer contract and customization services which have not yet been concluded and are being deferred using the percentage-of-completion method. Campground space rentals and concession sales Revenues from our campsite operations from the sales of concession items, equipment rentals or campsite locations are recoded on the cash basis due to the nature of collection of campsite fees and concession items, which occur daily as the site is rented and sundry items are purchased. Commissions earned on insurance coverage (Appreciation Financial LLC) Appreciation Financial LLC earns commissions paid by insurance carriers for the binding of insurance coverage. Commissions are earned at a point in time upon the effective date of bound insurance coverage, as no performance obligation exists after coverage is bound. If there are other services within the contract, Appreciation estimates the stand-alone selling price for each separate performance obligation, and the corresponding apportioned revenue is recognized over a period of time as the performance obligations are fulfilled. Incentive commissions represent a form of variable consideration which includes additional commissions over base commissions received from insurance carriers based on predetermined production levels mutually agreed upon by both parties. Incentive commissions are estimated with a constraint applied and accrued relative to the recognition of the corresponding core commissions based on the amount of consideration that will be received in the coming year such that a significant reversal of revenue is not probable. Advance Commissions are paid by insurance carriers under agreed terms of certain individual customer policies. Advance Commissions are recorded as deferred revenue and amortized over the term of the contract. Appreciation Management determines the policy cancellation reserve based upon historical cancellation experience adjusted for any known circumstance. Commission revenues – Prior to the adoption of Topic 606, commission revenues, including those billed on an installment basis, were recognized on the latter of the policy effective date or the date that the premium was billed to the customer. As a result of the adoption of Topic 606, commission revenues associated with the issuance of policies are now recognized upon the effective date of the associated policy. The overall impact of these changes is expected to be significant. These commission revenues, including those billed on an installment basis, will now be recognized earlier than they had been previously. Revenue is accrued based upon the completion of the performance obligation, thereby creating a current asset for the unbilled revenue, until such time as an invoice is generated. Incentive and contingent commissions – Prior to the adoption of Topic 606, revenue that was not fixed and determinable because a contingency existed was not recognized until the contingency was resolved. Under Topic 606, Appreciation must estimate the amount of consideration that will be received in the coming year such that a significant reversal of revenue is not probable. Incentive and contingent commissions represent a form of variable consideration associated with the placement of coverage, for which we earn commissions and fees. In connection with Topic 606, these commissions are estimated with a constraint applied and accrued relative to the recognition of the corresponding core commissions. The resulting effect on the timing of recognizing of these contingent commissions will now more closely follow a similar pattern as our commissions and fees with any true-ups recognized when payments are received or as additional information that affects the estimate becomes available. Fee Revenues: Appreciation earns fee revenue related to the onboarding of its agents which is recorded at the time of the transaction. Additionally, Appreciation is required to evaluate the impact of ASC Topic 340 – Other Assets and Deferred Cost (“ASC 340”) which requires companies to defer certain incremental cost to obtain customer contracts, and certain costs to fulfill customer contracts. Incremental cost to obtain – The adoption of ASC 340 is expected to result in Appreciation deferring certain costs to obtain customer contracts primarily as they relate to commission-based compensation for which the Company pays an incremental amount of compensation on new business. These incremental costs are expected to be deferred and amortized based on the term of customer polices and expected renewals. Cost to fulfill – The adoption of ASC 340 may result in Appreciation deferring certain costs to fulfill contracts and recognizing costs as the associated performance obligations are fulfilled. In order for contract fulfillment costs to be deferred under ASC 340, the costs must (1) relate directly to a specific contract or anticipated contract, (2) generate or enhance resources that Appreciation will use in satisfying its obligations under the contract, and (3) be expected to be recovered through sufficient net cash flows from the contract. As of the filing date, Appreciation Financial is unable to estimate with certainty its historical renewal rates for the insurance policies previously sold and therefore has not included commission revenue to be earned upon renewal based on this estimate. This also means that Appreciation is unable to estimate the costs to be deferred under ASC 340, or the costs to be expensed upon recognition of renewal revenue under ASC 606. Appreciation Financial prior to the combination of its financial statements herein did not previously report the results of its operations and financial position under US GAAP and is currently in the process of developing the systems and processes in which to estimate these amounts. The Company currently expects that the processes and systems will be in place for the reporting for the Company’s year ended June 30, 2021 financial statements. Fair Value of Financial Instruments The Company follows the fair value measurement rules, which provides guidance on the use of fair value in accounting and disclosure for assets and liabilities when such accounting and disclosure is called for by other accounting literature. These rules establish a fair value hierarchy for inputs to be used to measure fair value of financial assets and liabilities. This hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three levels: Level 1 (highest priority), Level 2, and Level 3 (lowest priority). Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the balance sheet date. Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3—Inputs are unobservable and reflect the Company’s assumptions as to what market participants would use in pricing the asset or liability. The Company develops these inputs based on the best information available. The carrying amount of receivables and accounts payable and accrued expenses approximates fair value due to the short-term nature of those instruments. The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of lease receivables, accounts payable, and accrued liabilities approximate fair value given their short-term nature or effective interest rates, which constitutes level three inputs. Income taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss and credit carryforwards. Deferred tax assets and liabilities are measured at rates expected to apply to taxable income in the years in which those temporary differences and carryforwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statement of operations in the period that includes the enactment date. A valuation allowance is recorded when it is not more likely than not that all or a portion of the net deferred tax assets will be realized. In the quarters ended September 30, 2020 and 2019, the Company issued a significant number of new shares in its acquisition of PERA LLC and Bombshell Technologies, Inc. (see Note 4) and the cancellation of then outstanding shares upon the sale of WCS Enterprises, LLC (see Note 5). The effect of these issuances and cancellations is that most likely, the Company experienced the requisite change of control as promulgated under the US Internal Revenue Code section 382. The effect of this will be that going forward, the ability of the Company to utilize the US Federal net operating loss carryforwards of Grow Capital, Inc. from prior to these transactions will be limited in its usage. In order to determine the specific effect, the Company must perform the computations required under the Internal Revenue Code, which have not yet been performed. The Company expects it will perform the required computations once its evident that profits are likely. Net (loss) income per share Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of shares of Common Stock outstanding for the period and contains no dilutive securities. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. All dilutive common stock equivalents are reflected in our earnings (loss) per share calculations. Anti-dilutive common stock equivalents are not included in our earnings (loss) per share calculations. There were no potential dilutive shares outstanding as of March 31, 2021 and June 30, 2020. Reclassification Certain prior period balances have been reclassified to conform to the current period presentation in the Company’s consolidated financial statements and the accompanying notes. These reclassifications had no effect on net income for the prior periods. In addition, we have included the results of operations and financial position of the Resort at Lake Selmac for all periods presented in discontinued operations and assets and liabilities held for sale, respectively. The Company accepted an offer to sell the Resort at Lake Selmac effective January 27, 2021, and the transaction was closed on March 3, 2021. Recent Accounting Pronouncements Fair Value Measurements (“ASU 2018-03”). The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of ASU 2018-13. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU 2018-13 and delay adoption of the additional disclosures until their effective date. The Company is currently assessing the impact that ASU 2018-13 will have on its financial statements. Financial Instruments – Credit Losses (“ASU 2016-13”). The standard was originally effective for interim and annual reporting periods beginning after December 15, 2019 and early adoption is permitted for interim and annual reporting periods beginning after December 15, 2018. However, in November 2019, the Financial Accounting Standard Board (FASB) issued ASU 2019-10, Financial Instruments—Credit Losses, (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) — Effective Dates ASU 2019-10

Note 3 - Prepaid expenses

Note 3 - Prepaid expenses	9 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Note 3 - Prepaid expenses	Note 3 – Prepaid expenses Prepaid expenses at March 31, 2021 and June 30, 2020 consist of the following: March 31, June 30, Professional fees $ 103,106 $ 50,000 Other expenses 6,807 13,204 Total $ 109,913 $ 63,204

Note 4 - Merger with PERA LLC

Note 4 - Merger with PERA LLC	9 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Note 4 - Merger with PERA LLC	Note 4 – Merger with PERA LLC On August 19, 2020, the Company acquired PERA LLC, a Nevada limited liability company (“PERA”), pursuant to an exchange agreement (the “Exchange Agreement”), effective as of August 3, 2020 (the “Effective Date”), by and between PERA, the members of PERA (the “PERA Members”), and the Company (the “Closing”), concurrently, PERA became a wholly-owned subsidiary of the Company. Eric Tarno, the current President of PERA, will continue to serve as the President of PERA. Pursuant to the Exchange Agreement, at the Closing, the Company acquired 100% of the outstanding membership interests of PERA (the “PERA Ownership Interests”) in exchange for 9,358,185 unregistered restricted shares of the Company’s common stock (the “GC Common Stock”) on a pro rata basis (the “Exchange”). At the Closing, the PERA Members conveyed all of the right, title and interest in and to the PERA Ownership Interests in exchange for the right to receive a number of shares of GC Common Stock equal to an exchange ratio (the “Exchange Ratio”). The Exchange Ratio is calculated by dividing (a) the Exchange Shares (as defined below) by (b) the total number of shares of PERA Ownership Interests outstanding immediately prior to the Effective Date. “Exchange Shares” means the number of shares of GC Common Stock obtained by dividing (a) $10,000,000 by (b) the 10-day volume weighted average price per share (“VWAP”) calculated immediately before the date that a reverse stock split of GC Common Stock became effective on OTCQB, July 30, 2020. In addition, if PERA meets certain yearly targeted gross revenues for each of year one, two, and three following the Closing, the PERA owners may earn a cumulative total of up to $5,000,000 of shares of GC Common Stock (the “Earn-out Shares”) to be determined using the applicable 10-day VWAP stock price of the Company’s common stock preceding each earn-out period calculation date as set forth in the Exchange Agreement in connection with all of the three years, subject to certain catch up provisions if such yearly period targets are not met in the applicable period. At the Closing the Company also entered into a registration rights agreement (the “Registration Rights Agreement”) with the PERA Members to register the GC Common Stock to be issued in connection with the Exchange. Pursuant to the Registration Rights Agreement, the Company has granted certain demand and piggy-back registration rights whereby the Company will register the resale of the GC Common Stock issued in the Exchange. The PERA Members include certain limited liability companies owned by (i) Terry Kennedy, the CEO of the Company, (ii) Jonathan Bonnette, the CTO of the Company and the CEO of Bombshell (iii) Joel Bonnette, the President of Bombshell and brother of Jonathan Bonnette, and (iv) Carl Sanko, a director and Secretary of the Company, and (v) Jared Bonnette, brother of Jonathan Bonnette. The acquisition of PERA was not accounted for under the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations. Due to the related party and common control relationships held between Bombshell and Grow Capital, Inc., the assets and liabilities of Bombshell transferred over to the Company at their historical carrying values. The following table provides information as of August 19, 2020 of the assets acquired and the liabilities assumed in the merger: PERA Appreciation Combined Assets Cash $ 27,693 $ 856,580 $ 884,273 Accounts receivable 67,779 28,534 96,313 Due to/from related parties (356,096 ) 388,596 32,500 Prepaid and other assets 32,440 187,283 219,723 Property and equipment - 106,791 106,791 Right to use assets 157,795 1,575,145 1,732,940 Grow Capital stock held* 140,600 60,000 200,600 Total Assets $ 70,211 $ 3,202,929 $ 3,273,140 Liabilities Accounts payable and accrued liabilities $ 36,186 $ 885,625 $ 921,811 Accounts payable and accrued liabilities, related parties - 201,252 201,252 Unearned revenue 5,667 3,326,726 3,332,393 Debt 75,000 5,201,321 5,276,321 Lease liabilities 153,413 1,598,068 1,751,481 Total liabilities $ 270,266 $ 11,212,992 $ 11,483,258 Net Assets $ (200,055 ) $ (8,010,063 ) $ (8,210,118 ) Consideration: 9,358,185 shares $ 9,358 Additional paid in capital (209,413 ) Members’ equity (8,010,063 ) Total $ (8,210,118 ) * The Grow Capital, Inc. common stock held by PERA LLC and Appreciation Financial at the time of the closing was included as treasury stock.

Note 5 - Discontinued Operation

Note 5 - Discontinued Operations	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Note 5 - Discontinued Operations	Note 5 – Discontinued Operations WCS Enterprises, Inc. In the quarter ended March 31, 2019, the Company began to actively market WCS for sale and has begun negotiations with certain parties for the sale of WCS, subject to diligence, negotiation of a purchase agreement and fulfillment of typical closing conditions. In connection with these efforts, management determined that it was appropriate to classify WCS as Assets Held for Sale. On September 30, 2019, the Company entered into a membership interest purchase agreement with the Zallen Trust pursuant to which the Company sold all of the Company’s membership interests in WCS for an aggregate purchase price of $782,450. The Zallen Trust paid the purchase price by transferring to the Company 434,694 shares of the Company’s Common Stock, valued at $2.00 per share. The Purchase Agreement also provided that Mr. Zallen transfer to the Company an additional 20,000 shares of Common Stock to settle $36,000 in back rent owed at the time of the sale. The Company retired all of the shares received as a result of the transaction. In connection with the sale of WCS, the Company and Mr. Zallen entered into a separation and release of claims agreement pursuant to which the Company and Mr. Zallen provided a mutual release of claims against the other party and such party’s affiliates, including all claims related to Mr. Zallen’s service as an officer, employee, and director of the Company. The release of claims by Mr. Zallen resulted in the forgiveness of salary accruals of approximately $367,000 for services provided up to June 30, 2018. The Company reversed related payroll taxes of approximately $61,000 and included the amount in the gain on sale. The shares issued in the Exchange are subject to certain registration rights with no liquidated damages for failure to complete registration by a specific date. After payment of all closing costs, the Company recorded a gain on sale of approximately $553,000. (See detail below) Resort at Lake Selmac (formerly Smoke on the Water) On January 27, 2021 the Company entered into sale agreement with a Buyer for the sale of the Resort at Lake Selmac site location for an offering price of $740,000. There are no commissions payable on the sale, and the sale closed on March 3, 2021. Discontinued Operation: (a) The Results of the Discounted Operations are as follows: Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 Net revenues $ 25,844 $ - $ 148,381 $ 140,912 Operating expenses Cost of revenue 1,190 2,463 16,852 38,716 General and administrative 21,500 8,036 66,111 73,780 Depreciation, amortization and impairment 1,004 776 2,968 11,636 Total operating expenses 23,694 11,275 85,931 124,132 Income (Loss) from operations 2,150 (11,275 ) 62,450 16,780 Gain (loss) on sale (31,075 ) - (31,075 ) 492,439 Interest expense (6,031 ) (8,937 ) (26,131 ) (26,917 ) Income (loss) from discontinued operations $ (34,956 ) $ (20,212 ) $ 5,244 $ 482,302 (b) Assets and liabilities disposed of are as follows: March 3, 2021 June 30,2020 Assets: Lease receivable $ 5,903 $ 5,903 Prepaid expenses - 5,521 Property, plant and equipment, net 781,382 783,993 Other assets 4,435 500 Total Assets $ 791,720 $ 795,917 Liabilities: Accrued liabilities $ 22,725 $ 23,483 Debt 590,257 596,308 Total Liabilities 612,982 619,791 Net Assets $ 178,738 $ 176,126 Consideration: Proceeds from sale of property $ 147,663 $ - Purchaser return 9,093,888 shares of common stock, FMV at $0.10 - 909,389 Payment on certain items during closing - (2,030 ) Total consideration 147,663 907,359 Gain (loss) on sale of Resort on Selmac and WCS $ (31,075 ) $ 492,439 March 31, June 30, 2020 Note payable, Resort at Lake Selmac $ - $ 596,308 Under the Sale Agreement above, at closing, escrow calculated the balance owed on this note payable, having a start date of March 6, 2017, an original principal amount of $625,000 and with the remaining balance on the installment note to be credited to the Purchase Price as closed on March 3, 2021.

Note 6 - Property and Equipment

Note 6 - Property and Equipment, Net	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Note 6 - Property and Equipment, Net	Note 6 – Property and Equipment, Net Property and improvements consisted of the following as of March 31, 2021 and June 30, 2020: March 31, 2021 June 30, 2020 Automobiles 216,637 - Leaseholder improvement 156,653 67,644 Furniture, Fixtures and Equipment 107,601 8,947 480,891 76,591 Less: accumulated depreciation (331,676 ) (17,609 ) $ 149,215 $ 58,982 Depreciation expense amounted to $(868) and $1,758, for the three months ended March 31, 2021 and 2020, respectively. Depreciation expense amounted to $10,635 and $7,032, for the nine months ended March 31, 2021 and 2020, respectively.

Note 7 - Promissory Note Receiv

Note 7 - Promissory Note Receivable	9 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Note 7 - Promissory Note Receivable	Note 7 – Promissory Note Receivable On July 8, 2019, the Company entered into a non-binding letter of intent (the “LOI”) to acquire Encompass More Group, Inc. (“Encompass”), a Nevada corporation. In connection with the LOI, Encompass issued a promissory note (the “Note”) to the Company pursuant to a loan agreement (the “Loan Agreement”), dated July 22, 2019, by and between Encompass and the Company, in exchange for a loan of $100,000 (the “Loan”). Pursuant to the Loan Agreement, the proceeds of the Loan will be used by Encompass for working capital and general corporate purposes. The Note has a twelve-month term, an interest rate of 5.0%, and is payable in monthly installments of $2,000, with all remaining principal and interest due on the maturity date, unless paid earlier by Encompass. The Board of Directors of the Company have determined not to proceed with the acquisition as contemplated under the LOI. During the fiscal year ended June 30, 2020, the Company received $16,000 towards monthly installments. We recorded interest income of $6,304 during the period ended June 30, 2020. The Note receivable balance at June 30, 2020 was $88,510. On September 25, 2020 the Company and Encompass More Group Inc. (the “Borrower”) entered into an addendum to the July 22, 2019 Commercial Loan Agreement (the “Addendum”) in order to modify certain of the terms and conditions. Under the Addendum, the Borrower shall enter into a new promissory note in the principal amount of $72,000, with any unpaid interest due and payable at June 30, 2020 to accrue and become due and payable on October 1, 2021. Further under the terms of the promissory note the Borrower shall make twelve (12) installment payments of $6,000 commencing November 1, 2020, until the principal balance of the loan is repaid in full, at which time all accrued and unpaid interest shall come due and payable. Interest on the promissory note shall continue to accrue at a rate of Five (5%) per annum. Concurrent with the execution of the Addendum, the Borrower made a lump sum payment of $16,510 to reduce the principal of the original $100,000 loan to $72,000. The borrower resumed principal payments after year end. The balance of the note at March 31, 2021 was $54,000. The Company believes the note to be fully collectible as of March 31, 2021.

Note 8 - Accounts Payable and A

Note 8 - Accounts Payable and Accrued Liabilities	9 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Note 8 - Accounts Payable and Accrued Liabilities	Note 8 – Accounts Payable and Accrued Liabilities Accrued liabilities at March 31, 2021 and June 30, 2020 consist of the following: March 31, June 30, 2020 Accounts payable $ 626,009 $ 496,574 Accrued salaries and wages 48,888 23,748 Accrued commission fees 586,501 - Accrued professional fees 145,000 126,173 Others 32,892 1,325 $ 1,439,290 $ 647,820

Note 9 - Debts and Other Noncur

Note 9 - Debts and Other Noncurrent Liabilities	9 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Note 9 - Debts and Other Noncurrent Liabilities	Note 9 - Debts and Other Noncurrent Liabilities (1) Paycheck Protection Program  Paycheck Protection Program (“PPP loan”) $ 332,837 EIDL loan 149,900 Total $ 482,737 On May 1, 2020, Appreciation and PERA, respectively, entered into promissory notes with the US Small Business Administration (SBA) for funding in the cumulative amount of $332,837 (December 31, 2020 - $325,772) with an interest rate of 1% per annum under the payroll protection program (PPP). In March 2021, the principal amount of $250,772 under Appreciation was forgiven, and further provided $257,837 under PPP. The Company recorded $250,772 as other income. Principal and interest payments are deferred during the first six (6) months of the term of this Note (the “Deferral Period”). Interest will continue to accrue on the outstanding principal balance during the Deferral Period. After proceeds of this Note have been expended by Borrower, but not sooner than eight weeks after the date of initial disbursement on this Note, Borrower may submit to Lender a request for forgiveness of the Loan. Borrower must submit all documentation required by Lender to verify number of full-time equivalent employees and pay rates, as well as the payments on eligible mortgage, lease, and utility obligations, certifying that the documents are true and that Borrower used the forgiveness amount to keep employees and make eligible mortgage interest, rent, and utility payments. Lender will notify Borrower within 60 days whether all or part of the requested forgiveness of the Loan has been approved. If the entire principal balance of this Note and accrued interest is not forgiven before the end of the Deferral Period, then the principal balance together with and all accrued and unpaid interest outstanding on the Amortization Commencement Date shall be paid in eighteen (18) monthly payments, commencing in the month immediately following the amortization commencement date. In addition, Appreciation received an Economic Injury and Disaster Loan “EIDL” in the amount of $149,900 from the SBA for working capital purposes, pursuant to the terms and conditions set forth in a Loan Authorization and Agreement, Note, and Security Agreement between the Company and the SBA. The EIDL accrues interest at the rate of 3.75% per annum and matures on August 11, 2050 (30 years from the date of the note). Pursuant to the terms of the loan agreement, the Company granted the SBA a security interest in all of its tangible and intangible personal property to secure payment and performance of the Company’s obligations. The loan agreement contains certain affirmative and restrictive covenants, including a covenant prohibiting the Company from selling or transferring any collateral (other than the sale of inventory in the ordinary course of business) without the SBA’s prior written consent, as well as a covenant prohibiting the Company from making any distribution of assets or any direct or indirect advance, by way of a loan, gift, bonus or otherwise, to any owner or employee of the Company or its affiliates without the SBA’s prior written consent. An event of default will occur under the note if, among other things, the Company reorganizes, merges, consolidates or otherwise undergoes a change in ownership or business structure without the SBA’s prior written consent. The Company may prepay the note at any time without notice or penalty. (3) Loans from National Life Group Appreciation had certain loan agreements with National Life Distribution, LLC (“NLD”) as below: March 31, 2021 Revolving line of credit loan up to $5M dated December 21, 2018 with maturity date on December 20, 2023: Interest rate at 6% per annum, increasing to 11% per annum in default. The line of credit is secured by a personal guarantee of our CEO and Board Member. In addition, the line of credit has a conversion feature that allows the lender at any time prior to maturity to convert the line of credit into membership interest of Appreciation, LLC at the rate of 100 divided by the principal and unpaid interest converted multiplied by four (4) times the prior calendar year EBITDA of Appreciation, LLC. The line of credit also contains certain cross default provisions with respect to the November 2, 2018 note below. $ 4,389,047 Promissory note dated November 2, 2018 - Maturity date of November 30, 2020. Interest rate of 5% per annum, with a default rate of 10% per annum, weekly minimum principal and interest payments required of $5,000, which are offset against commissions and revenues owed under their respective sales and commission agreements, secured by a first priority lien on a compensation owed under the respective sales and commission agreements, of which there was approximately $74,000 outstanding as of December 31, 2020. On February 18, 2021 the Company and NLD entered into a wavier of default and letter agreement revising the terms of the Note effective at maturity to “Due on Demand”, with no specified term, provided payments at the originally agreed rate of $5,000 per week continue to be applied from Borrower’s weekly commission payments until the indebtedness is paid in full, or Appreciation elects to settle the Note in full. 361,901 Total $ 4,750,948 For all our debt, future maturities over the remaining term of the debt are as follows: 2021 $ 361,901 2022 482,737 2023 4,389,047 Subtotal 5,233,685 Less: current portion (436,901 ) Long-term portion of debt $ 4,796,784

Note 10 - Operating Leases

Note 10 - Operating Leases	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Note 10 - Operating Leases	Note 10 – Operating Leases We have entered into various non-cancelable operating lease agreements for certain of our offices. Our leases have original lease periods expiring between 2021 and 2028. Future minimum lease payments in respect of the above under non-cancellable leases as of March 31, 2021 as presented in accordance with ASC 842 were as follows: 2021 368,366 2022 376,496 2023 295,240 2024 288,050 2025 245,903 Remaining periods 762,394 Total future minimum lease payments 2,336,449 Less: imputed interest (472,940 ) Total 1,863,509 Current portion of operating lease 275,958 Long term portion of operating lease $ 1,587,551

Note 11 - Capital Stock

Note 11 - Capital Stock	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Note 11 - Capital Stock	Note 11 – Capital Stock As of August 29, 2019, the Company increased its authorized shares to 500,000,000 shares of Common Stock and 50,000,000 shares of Preferred Stock, respectively. Reverse Stock Split On May 13, 2020, the Company’s board of directors and stockholders approved an amended and restated certificate of incorporation to, among other things, effect a reverse split on the outstanding shares of the Company’s common stock on a one-for-20 basis (the “Reverse Stock Split”). The Reverse Stock Split became effective on July 30, 2020 and has been shown on a retroactive basis within all periods presented. The par values of the common were not adjusted as a result of the reverse stock split. Common Stock On August 19, 2020, the Company issued a total of 9,358,185 unregistered, restricted shares of Common Stock to acquire PERA LLC. (See Note 4). Share issuances during the nine months ended March 31,2021: During the nine months ended March 31, 2021, the Company issued a total of 832,913 unregistered, restricted Common Shares to officers and directors as part of their respective executive and/or board compensation package. The Company valued those issuances at the closing price of the Company’s stock as traded on the OTCMarket on the date of grant and recorded stock-based compensation of $937,346. During the nine months ended March 31, 2021, the Company issued 52,571 fully vested shares of unregistered, restricted Common Shares to settle certain liabilities. The Company valued those issuances at the closing price of the Company’s Common Stock as traded on the OTCMarkets on the date of grant and recorded a $45,000 liability settlement and stock-based compensation of $20,177 on the statement of operations. During the three months ended September 30, 2020, the Company issued a total of 75,000 unregistered, restricted shares of Common Stock in respect to private placements at $1.00 per share and received cash proceeds of $75,000, of which $35,000 was received from Appreciation after the Company’s acquisition of Pera LLC and has been included in Treasury Stock. During the three months ended December 31, 2020, the Company issued a total of 1,500,000 unregistered, restricted common shares to certain third parties and related entities for cash consideration of $375,000. Share issuances during the nine months ended March 31,2020: During the three months ended September 30, 2019, the Company issued a total of 110,675,328 shares to acquire Bombshell Technologies, Inc. During the nine months ended March 31, 2020, the Company issued 3,277,778 shares of unregistered Common Stock in respect to private placements for total gross proceeds of $200,000. In the period, the Company collected $150,000 from a prior period subscription receivable. During the nine months ended March 31, 2020, the Company issued a total of 3,175,948 shares to officers and directors as part of their respective executive and/or board compensation package. The Company valued those issuances at the closing price of the Company’s stock as traded on the OTCMarket on the date of grant and recorded stock-based compensation of $290,882. During the nine months ended March 31, 2020, the Company issued 1,288,984 fully vested unregistered shares of Common Stock to settle certain liabilities. The Company valued those issuances at the closing price of the Company’s Common Stock as traded on the OTCMarkets on the date of grant and recorded a $91,433 liability settlement and stock-based compensation of $23,230 on the statement of operations. On September 30, 2019, the Company retired 9,093,888 shares of the Company’s Common Stock. The Company valued those retired shares at the closing price of the Company’s Common Stock as traded on the OTCMarkets and recorded $869,380 as sale price of WCS and $40,000 as related to offset lease receivable. Preferred Stock In 2015, the Company designated all 5,000,000 shares of its Preferred Stock as Series A Convertible Preferred Stock (the "Series A Preferred"), par value $0.001. The Series A Preferred shareholders voted together with the Common Stock as a single class and were entitled to receive all notices relating to voting that are required to be given to the holders of the Common Stock. The holders of shares of Series A Preferred were entitled to five votes per share and each share was convertible by the holder into five shares of Common Stock. All of the Series A Preferred shares were issued and converted into Common Stock in November 2015. Equity Incentive Plan In December 2015, the Company adopted the 2015 Equity Incentive Plan (the “Incentive Plan”) with a term of 10 years. The Incentive Plan allows for the issuance up to a maximum of 100,000 shares of Common Stock, options exercisable into Common Stock of the Company or stock purchase rights exercisable into shares of Common Stock of the Company. The Incentive Plan is administered by the Board unless a separate delegation to an administrator is made by the Board. Options granted under the Incentive Plan carry a maximum term of 10 years, except to a grantee who is also a 10% beneficial owner at the time of grant, in which case the maximum term is 5 years. In addition, exercise prices of options granted must be within a certain percentage of the closing price on date of grant depending on the level of beneficial ownership of Common Stock of the Company by the grantee. All vesting conditions are set by the Board or a designated administrator. In December 2015, the Company filed a registration statement on Form S-8 covering all shares issued or issuable under the Incentive Plan. The Company has granted options to purchase 100,000 shares under the Incentive Plan during April 2016, 75,000 of which have been exercised and 25,000 of which have vested and were canceled, unexercised, during the current fiscal year. There are no remaining shares available under the Incentive Plan. Stock Plan In December 2015, the Company adopted the 2015 Stock Plan (the “Stock Plan”). As a condition of adoption of the Stock Plan, the Company filed a registration statement on Form S-8 in December 2015 to register the shares issued under the Stock Plan. The Stock Plan allows for the issuance of up to a maximum of 100,000 shares of Common Stock of the Company. The Stock Plan is administered by the Board unless a separate delegation to an administrator is made by the Board. The Stock Plan shall continue in effect until it is terminated by the Board or all shares are issued pursuant to the Stock Plan. The Company has not granted any shares under the Stock Plan. Options There were no unvested options outstanding during the years ended March 31, 2021 and June 30, 2020. Options outstanding had intrinsic value as of June 30, 2020 and 2019 of $nil. In the year ended June 30, 2016 the Company issued an option with no term attached, and effective June 30, 2020, in accordance with the terms of the 2015 Equity Incentive Plan, the Company terminated 25,000 unexercised, vested options.

Note 12 - Related Party Transac

Note 12 - Related Party Transactions	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Note 12 - Related Party Transactions	Note 12 – Related Party Transactions (1) Bombshell Technologies, Inc. Revenue The following table summarizes the revenue from the Company’s related parties. Revenues below reflect the transactions between Bombshell, PERA and Appreciation to the time of acquisition, consolidation and combination effective August 20, 2020, thereafter intercorporate sales are eliminated: Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 Appreciation Financial LLC (1)(2) $ - $ 195,065 $ 101,217 $ 586,154 Public Employee Retirement Assistance (PERA) (1)(2) - 47,261 74,856 187,189 Superior Performers Inc. (1) - 180,916 240,106 649,829 Others 15,085 111,365 69,349 234,737 Grand Total $ 15,085 $ 534,607 $ 485,528 $ 1,657,909 (1) The Company had a significant concentration of revenue from these three related party customers totaling 0% and 86% in the three and nine months ended March 31, 2021 and, 79% and 86% of gross related party revenues during the three and nine months ended March 31, 2020, respectively. Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company. (2) The amounts included in this table are for periods prior to the entity being consolidated/combined. The amounts in the periods shown from August 20, 2020 and forward include intercompany eliminations due to consolidation. The following table summarizes the accounts receivable from the Company’s related parties: March 31, 2021 June 30, 2020 Appreciation Financial LLC (1) $ - $ 140,289 Public Employee Retirement Assistance (PERA) (1) - 49,737 Superior Performers Inc. (1) 4,701 58,061 Others 15,717 970 Grand Total $ 20,418 $ 249,057 (1) The Company had a significant concentration of accounts receivable from these three customers totaling 99% as at June 30, 2020. Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company. Appreciation and PERA balances are eliminated as of March 31, 2021. Costs of Goods and Commissions Fees The following table summarizes the Costs of Sales – related parties: Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 Trendsic Corporation Inc. (1)(2) $ - $ - $ - $ 178,799 Ambiguous Holdings LLC (1)(2) - - - 7,555 Others 1,800 - 1,800 - Total $ 1,800 $ - $ 1,800 $ 186,354 (1) The Company had a significant concentration of total costs of goods sold from these two related party vendors totaling 0% and 100% of related party costs of goods sold in the three and nine months ended March 31, 2020, respectively. (2) Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company. The following table summarizes expense related to commission fees included as General and administrative – related parties: Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 Zeake, LLC (1) $ 47,237 $ 56,819 $ 156,679 $ 167,260 (1) Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company. The following table summarizes accounts payable to the Company’s related parties: March 31, June 30, 2020 Trendsic Corporation Inc. (1) $ - $ 61,948 Zeake, LLC (1) 118,045 78,515 Grand Total $ 118,045 $ 140,463 (1) Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company. (2) PERA LLC The following table summarizes the Costs of Sales – related parties: Three months ended March 31, 2021 For the period August 20, 2020 to March 31, 2021 PERA Wizards, LLC (1) $ 591,142 $ 1,514,984 Wingbrook Partners, LLC (1) 321,396 894,385 Total $ 912,538 $ 2,409,367 (1) Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company. The following table summarizes expense related to commission fees paid to related parties and included as General and administrative – related parties: Three months ended For the period August 20, 2020 to March 31, 2021 Management fee $ 55,519 $ 147,250 Commission fee 75,070 201,872 Total $ 130,589 $ 349,122 (3) Appreciation Financial LLC The following table summarizes the Costs of Sales – related parties: Three months ended For the period August 20, 2020 to March 31, 2021 Member of Appreciation $ 24,315 $ 77,128 The following table summarizes expense related to compensation included as General and administrative – related parties: Three months ended For the period August 20, 2020 to March 31, 2021 Member of Appreciation $ 376,745 $ 1,072,042 Upon combination of Appreciation, the Company assumed accounts payable as below: March 31, 2021 Member of Appreciation $ 201,252 (4) Grow Capital On February 12, 2020, the Company entered into a consulting agreement with Trevor Hall and appointed Mr. Hall to serve as an interim CFO of the Company beginning January 1, 2020 through December 31, 2020. Pursuant to the consulting agreement, a fixed fee of Sixty Thousand (60,000) shares of the Company’s unregistered restricted common stock for his providing chief financial officer services. The shares are to be issued at a rate of Fifteen Thousand (15,000) shares per quarter. The first and second installments, covering the period January 1 to June 30, 2020, were issued on March 3, 2020 and vested immediately upon issuance. On April 1, 2020, Jonathan Bonnette, who had been the President and Chief Executive Officer of Grow Capital since July 1, 2018, transitioned out of his role as President and Chief Executive Officer and became the Company’s Chief Technology Officer and the Chief Executive Officer of the Company’s subsidiary, Bombshell Technologies. Mr. Terry Kennedy was appointed to succeed Mr. Bonnette as the President and Chief Executive Officer of the Company, effective April 1, 2020. In connection with Mr. Kennedy’s appointment, the Company and Mr. Kennedy entered into an executive compensation agreement (the “Compensation Agreement”) with an effective date of April 1, 2020. The Compensation Agreement governs the terms and conditions regarding Mr. Kennedy’s compensation for the three-month period beginning on April 1, 2020, and ending on June 30, 2020, and may be terminated “for cause” only. Pursuant to the Compensation Agreement, following his appointment as President and Chief Executive Officer, Mr. Kennedy was issued 50,000 unregistered, restricted shares of the Company’s Common Stock on April 20, 2020 as compensation for the three-month period ending June 30, 2020. The 50,000 shares were valued at $44,040 at the closing price of the Company’s Common Stock as traded on the OTCMarkets on the date of grant. The shares of common stock issued are immediately and fully vested, and deemed to be fully earned, upon their issuance. If such a permanent executive compensation or employment agreement is not consummated prior to July 1, 2020, the Compensation Agreement will automatically renew for one additional three-month period beginning on July 1, 2020, with Mr. Kennedy entitled to receive up to an additional 50,000 unregistered, restricted shares of the Company’s common stock, with the actual number of shares being prorated for the portion of the extended period actually served until the more permanent executive compensation/employment agreement is consummated. On May 15, 2020, the Company entered into Fee Agreements (collectively, the “Fee Agreements”) with each of (i) Jonathan Bonnette, and (ii) Carl Sanko, a director and the Secretary of the Company. Under the Fee Agreements, on May 15, 2020, each of Mr. Bonnette, and Mr. Sanko were issued unregistered, restricted shares of Common Stock for services provided to the Company. Pursuant to the Fee Agreements: (i)Mr. Bonnette received a fixed fee of $320,000 for his service as Chief Executive Officer of the Company and for outside business management and consulting services of which 1/3, or $106,667 was immediately payable. by way of an upfront payment of 133,333 unregistered, restricted shares of Common Stock valued at $113,017 and deemed to cover the three-month period from May 15, 2020 to August 15, 2020. The balance of Mr. Bonnette’s compensation of $213,333 will vest monthly but be paid in shares of Common Stock quarterly in installments of $71,111 within 10 days following each of the three-month periods ending of November 15, 2020, February 15, 2021, and May 15, 2021. (ii)Mr. Sanko received a fixed fee of $270,000 for his services as Secretary of the Company and for outside business management and consulting services, of which 1/3 or $90,000 was immediately payable by way of an upfront payment of 112,500 unregistered, restricted shares of Common Stock valued at $95,400 and deemed to cover the three-month period from May 15, 2020 to August 15, 2020; The balance of Mr. Sanko’s compensation of $180,000 will vest monthly but be paid in shares of Common Stock in quarterly in installments of $60,000 within 10 days following each of the three-month periods ending of November 15, 2020, February 15, 2021, and May 15, 2021. During the nine months ended March 31, 2021, the Company issued a total of 832,913 unregistered, restricted Common Shares to officers and directors as part of their respective executive and/or board compensation package. The Company valued those issuances at the closing price of the Company’s stock as traded on the OTCMarket on the date of grant and recorded stock-based compensation of $937,346. During the nine months ended March 31, 2021, the Company made a cash payment of $20,000 to Carl Sanko, a director and the Secretary of the Company in respect to services provided to one of the Company’s subsidiaries. During the nine months ended March 31, 2021, the Company issued a total of 75,000 unregistered, restricted shares of Common Stock to related parties for cash proceeds of $75,000. During the nine months ended March 31, 2021, the Company issued a total of 500,000 unregistered, restricted common shares to certain third parties and related entities for cash consideration of $125,000.

Note 13 - Segment Reporting

Note 13 - Segment Reporting	9 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Note 13 - Segment Reporting	Note 13 – Segment Reporting The Company's operations are classified into four reportable segments that provide different products or services. Separate management of each segment is required because each business unit is subject to different marketing, operational, and growth and technology development strategies. Resort at Lake Selmac – under discontinued operation The recreational vacation site rentals segment operated by Resort at Lake Selmac, Inc. derives its revenue from rental of RV sites and campsites at its owned location on Lake Selmac in Oregon. Bombshell Technologies and Corporate The Fintech segment operated by Bombshell Technologies based in Nevada and Louisiana derives its income from proprietary software which delivers customized back office compliance, sophisticated multi-pay commission processing, and a unique new client application submission system, along with digital engagement marketing services centric to financial services. PERA Our electronic appointment scheduling operations provides leads for insurance agents to connect retirement professionals and public employees to trusted insurance advisors. Appreciation The operations of combined entity Appreciation Financial LLC include full-service retirement planning by member agents which service public employees and their families providing policies from a series of insurance carriers that meet their retirement planning requirements. We derive revenue from all operating segments. There are inter-segment sales between each of our operating divisions other than Resort at Lake Selmac. The costs associated with management overhead for Grow Capital are dedicated to our key operating segment in the FinTech industry, Bombshell Technologies and all corporate overhead has been included in this segment disclosure as a result. As of March 31, As of June 30, 2021 2020 Assets by segment Bombshell Technologies and corporate $ 999,879 $ 1,117,341 PERA 392,331 - Appreciation 2,109,034 - Assets held for sale - 795,917 Total assets $ 3,501,244 $ 1,913,258 Three months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 2020 Revenues by segment: Bombshell Technologies and corporate (*) $ 161,309 $ 565,314 PERA 1,395,747 - Appreciation 6,514,420 - Total revenue from continuing operations $ 8,071,476 $ 565,314 Segment profit (loss) Bombshell Technologies and corporate (*) $ (578,150 ) $ (594,824 ) PERA 51,389 - Appreciation (280,795 ) - Total segment profit from continuing operations $ (807,556 ) $ (594,824 ) Nine months ended March 31, 2021 and 2020: Nine Months Ended March 31, 2021 2020 Revenues by segment: Bombshell Technologies and corporate (*) $ 791,512 $ 1,800,739 PERA 3,520,406 - Appreciation 17,269,573 - Total revenue from continuing operations $ 21,581,491 $ 1,800,739 Segment profit (loss) Bombshell Technologies and corporate (*) $ (1,491,687 ) $ (1,725,340 ) PERA (56,360 ) - Appreciation (1,078,205 ) - Total segment profit from continuing operations $ (2,626,252 ) $ (1,725,340 ) (*) Excludes discontinued operations related to assets held for sale

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Note 14 - Commitments and Contingencies	Note 14 – Commitments and Contingencies On December 13, 2019, Trendsic Corporation, Inc. (“Trendsic”), a related party entity which is 49% controlled by Joel A. Bonnette (former CEO of our wholly-owned subsidiary Bombshell Technologies, Inc.) filed a lawsuit in the 19th Judicial District Court in East Baton Rouge Parish, Louisiana against Joel A. Bonnette, Jared Bonnette, Bombshell Software, LLC and Bombshell Technologies, Inc. The plaintiff is disputing the ownership of certain intellectual property of Bombshell Technologies, Inc. and alleging misappropriation of trade secrets of Trendsic. Trendsic is seeking an unspecified amount of damages in excess of $75,000 and treble damages under the Louisiana Uniform Trade Secrets Act, as well as injunctive relief. The Company believes the claims by Trendsic are without merit and is vigorously defending against such claims. At the time of this report, the Company and the plaintiff have entered into confidential settlement negotiations. The Company has accrued $494,458 in accrued liabilities in respect of the estimated monetary settlement. On September 4, 2020, Colorado Public Employees’ Retirement Association filed a lawsuit against our wholly owned subsidiary PERA, LLC in United States District Court for the District of Colorado. Plaintiff asserts claims against the Company for violation of the Colorado Consumer Protection Act, C.R.S. Sec. 6-1-113 and for common law unfair competition. Plaintiff alleges that the Company has created confusion amongst Colorado public employees as to the affiliation of the Company with Plaintiff. The Company denies the claims asserted against it and is vigorously defending the lawsuit. At this point, Plaintiff has not identified any monetary damages alleged to be sustained as a result of the Company’s conduct. On May 25, 2017, Asurea Insurance Services, Inc. filed a lawsuit against Appreciation, LLC and three of our top agents in the Superior Court of California, Sacramento. Plaintiff asserts claims of Breach of Settlement Agreement, Breach of Implied Covenant of Good Faith and Fair Dealing, Specific Performance, Declaratory Relief, Intentional Interference with Prospective Economic Relations, Negligent Interference with Prospective Economic Relations, and Aiding and Abetting. Plaintiff alleges that the Parties breached the Settlement Agreement reached between the parties on September 1, 2014. The Company denies the claims asserted against it and is vigorously defending the lawsuit. The parties have attended mediation in an attempt to settle this case to no avail. At this point, Plaintiff has not proven any monetary damages alleged to be sustained as a result of the Company’s alleged conduct. On September 15, 2017, Nathan Burks filed a lawsuit against Appreciation, LLC and three of our top agents in the Superior Court of California, Sacramento. Plaintiff asserts claims of Breach of Settlement Agreement, Breach of Associate Agreement, Common Count- Services Rendered, Intentional Interference with Contractual Relations, Negligent Interference with Prospective Economic Relations, Declaratory Relief, Money Had and Received, and Unfair Competition. Plaintiff alleges that when he left Appreciation and returned to Asurea (his original place of employment in 2014, and a corporate entity with which we are in litigation) (see above) that despite violating the associate agreement, he is owed money. The Company denies the claims asserted against it and is vigorously defending the lawsuit. The parties have an arbitration set in May of 2021 in an attempt to settle this case. At this point, Plaintiff has not proven any monetary damages alleged to be sustained as a result of the Company’s alleged conduct. On the basis of current information, the availability of legal advice, and in management’s opinion, the Company is not currently involved in any legal proceedings which, individually or in the aggregate, would have a material adverse effect on its financial condition, operations and/or cash flows.

Note 15 - Subsequent Events

Note 15 - Subsequent Events	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Note 15 - Subsequent Events	Note 15 - Subsequent Events On April 1, 2021, the Company made cash payment of $20,000 to Carl Sanko, a director and the Secretary of the Company in respect to services provided to one of the Company’s subsidiaries. On April 1, 2021 the Company entered into an agreement with its CEO, Terry Kennedy to extend the terms of his executive compensation contract for services provided through December 31, 2021 whereby Mr. Kennedy will receive a flat fee of 50,000 unregistered, restricted shares on each of April 1, 2021, July 1, 2021 and October 1, 2021. On April 1, 2021 the Company entered into an executive compensation agreement with its CFO Trevor Hall whereunder each month beginning April 1, 2021 the Company shall pay Mr Hall a fixed fee of $5,000 per month at the discretion of the Company in cash or unregistered restricted common shares at a discount of 20% to the market price valued based on the average 3 lowest closing market prices over the 10 days immediately preceding the end of the month in which the fee is due. On April 7, 2021 the Company issued 107,257 unregistered, restricted common shares to officers and directors as part of their respective executive and/or board compensation package. The Company valued the issuances at the closing price of the Company’s stock as traded on the OTCMarket on the date of the board resolution approving the issuance of the shares. On April 19, 2021 the Company entered into a Consulting Agreement with OTC PR Group Inc. (the “Consultant”). Under the Agreement, the Consultant will provide consulting services related to marketing to new investors. The company will pay the Consultant $4,000 per month for 3 months and issue shares equivalent to $12,000 in exchange for the Consultant’s services. On May 14, 2020 the Company issued 50,000 unregistered, restricted shares of the Company’s common stock to the Company’s CEO, Terry Kennedy, concurrent with approving an extension to his executive compensation contract, as compensation for the three-month period commencing January 1, 2021. The shares were valued at the closing price of the Company’s Common Stock as traded on the OTCMarkets on the date of the board resolution approving the issuance of the shares. On May 14, 2021 the Company issued a total of 600,000 unregistered, restricted common shares to related entities for cash consideration of $150,000 under the terms of two share purchase agreements. On May 15, 2021, the Company entered into Fee Agreements (collectively, the “Fee Agreements”) with each of (i) Jonathan Bonnette, CTO and (ii) Carl Sanko, a director and the Secretary of the Company. Under the Fee Agreements, on May 15, 2021, each of Mr. Bonnette, and Mr. Sanko were issued unregistered, restricted shares of Common Stock for services provided to the Company. Pursuant to the Fee Agreements: (i)Mr. Bonnette received a fixed fee of $320,000 for his service as Chief Executive Officer of the Company and for outside business management and consulting services of which 1/3, or $106,667 is immediately payable by way of the issuance of unregistered, restricted shares of Common Stock and deemed to cover the three-month period from May 15, 2021to August 15, 2021. The balance of Mr. Bonnette’s compensation of $213,333 will vest monthly but be paid in shares of Common Stock quarterly in installments of $71,111 within 10 days following each of the three-month periods ending of November 15, 2021, February 15, 2022, and May 15, 2022. (ii)Mr. Sanko received a fixed fee of $270,000 for his services as Secretary of the Company and for outside business management and consulting services, of which 1/3 or $90,000 was immediately payable by way of an upfront payment of unregistered, restricted shares of Common Stock deemed to cover the three-month period from May 15, 2021 to August 15, 2021; The balance of Mr. Sanko’s compensation of $180,000 will vest monthly but be paid in shares of Common Stock in quarterly in installments of $60,000 within 10 days following each of the three-month periods ending of November 15, 2021, February 15, 2022, and May 15, 2022. On May 20, 2021, the Company issued a total of 53,406 unregistered restricted common shares to a director as part of his board compensation package for services provided during the period January 1 through June 30, 2021. The Company valued the issuances at the closing price of the Company’s stock as traded on the OTCMarket on the date of the board resolution approving the issuance of the shares. On May 20, 2020 the Company issued an aggregate of 191,327 unregistered, restricted shares of the Company’s common stock to two of the Company’s officers as part of their executive compensation packages for the period up to an including May 15, 2021. The shares were valued at the closing price of the Company’s Common Stock as traded on the OTCMarkets on the date of the board resolution approving the issuance of the shares. On May 20, 2020 the Company issued an aggregate of 226,758 unregistered, restricted shares of the Company’s common stock to two of the Company’s officers concurrent with approving extensions to their executive compensation contracts for payments for the period from May 1, 2021 to August 15, 2021. The shares were valued at the closing price of the Company’s Common Stock as traded on the OTCMarkets on the date of the board resolution approving the issuance of the shares.

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2021
Policy Text Block [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated and combined financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The unaudited condensed financial statements included herein are unaudited. Such financial statements, in the opinion of management, contain all adjustments necessary to present fairly the financial position and results of operations as of and for the periods indicated. All such adjustments are of a normal recurring nature outside of the combination of Appreciation Financial. These interim results are not necessarily indicative of the results to be expected for the year ending June 30, 2021 or for any other period. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, and because of this, for further information, readers should refer to the financial statements and footnotes included in its Form 10-K for the fiscal year ended June 30, 2020 filed on October 13, 2020. The Company believes that the disclosures are adequate to make the interim information presented not misleading.
Consolidation and Combination	Consolidation and Combination The Company’s policy is to consolidate all entities that it controls by ownership of a majority of the outstanding voting stock. In addition, upon the acquisition of PERA LLC, the Company combined entities that met the criteria of having common control with Grow Capital and its controlled subsidiaries. Upon the acquisition of PERA LLC (see below), the Company identified certain common control entities, the operations of which are included in our consolidated and combined financial statements. The accompanying unaudited condensed consolidated and combined financial statements include the accounts of Grow Capital Inc. and its wholly-owned subsidiaries, Bombshell Technologies Inc., The Resort at Lake Selmac and PERA LLC, as well as PERA Administrators LLC, the operations of which are for the sole benefit of PERA LLC. In addition, the Company has combined the results of Appreciation Financial LLC and Appreciation Rewards LLC. At the time of the acquisition of PERA LLC, the Company determined that Appreciation Financial was the primary beneficiary of PERA LLC. In addition, the Company determined that it has common ownership with Appreciation Financial and the Company has had discussions with the members of Appreciation Financial about potential combinations, which as of the date of these financial statements are not yet probable. However, because of the nature of the relationship, the Company determined that while Appreciation Financial is not a variable interest entity to the Company, the nature of the common control relationship coupled with the inter-relationship with PERA LLC meant that in order for the results of operations and financial position to not be misleading, the Company had to combine its results with those of Appreciation Financial upon the acquisition of PERA, LLC. Reported operations in the three and nine months ended March 31, 2021 include operation of our wholly owned subsidiary Bombshell, with the operational results of The Resort at Lake Selmac reflected as discontinued operations as a result of a recent entry into a sales agreement closed on March 3, 2021. In addition, results reported include the results of operations by PERA LLC and its common control entities for the period from acquisition (August 19, 2020 through March 31, 2021). March 31, 2021 operating results also include the combined results of both Appreciation Financial LLC Appreciations Rewards LLC for the period from August 19, 2020 to March 31, 2021. Results for the comparative three and nine month periods ended March 31, 2020 include Grow Capital and Bombshell with the results of the Resort at Lake Selmac included as discontinued operations. All material intercompany accounts, transactions, and profits have been eliminated in consolidation and with and between the combined entities.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to estimates and assumptions include timing of recognition of commission revenue on insurance policy renewals and expenses related thereto, along with costs associated with policy acquisition and our allowance for doubtful accounts. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents For financial accounting purposes, cash and cash equivalents are considered to be all highly liquid investments with a maturity of three (3) months or less at the time of purchase.
Concentration of Credit Risk	Concentrations Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At March 31, 2021 and June 30, 2020, the Company had $122,222 and $0 in excess of the FDIC insured limit, respectively. Concentration Risk - Revenues For the three and nine months ended March 31, 2021, one customer accounted for 55% and 55% of combined and consolidated gross revenue, 55% and 56% of combined and consolidated revenue from non-related parties and 68% and 68% of revenue recorded by Appreciation Financial LLC. The contribution of revenue to the three and nine month operating period ended March 31, 2021 was derived from operations of Appreciation Financial LLC for the period between August 19, 2020 and March 31, 2021. Concentration of Financing Risk Appreciation Financial is dependent upon on its largest customer for financing of its operations. That customer has provided commission advances of approximately $3.3 million and loans of approximately $4.75 million as of March 31, 2021.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts The Company determines the allowance for doubtful accounts by considering a number of factors, including the length of time the accounts receivable are beyond the contractual payment terms, previous loss history, and the customer’s current ability to pay its obligation. When the Company becomes aware of a specific customer’s inability to meet its financial obligations to the Company, the Company records a charge to the allowance to reduce the customer’s related accounts. At March 31, 2021 the allowance for doubtful accounts totaled approximately $100,150 (June 30, 2020 - $35,350.).
Lease Receivables and deferred rent	Lease Receivables and deferred rent Lease receivables are recognized when rents are due, and for the straight-line adjustment to rents over the term of the lease less an allowance for expected uncollectible amounts. Inherent in the assessment of the allowance for doubtful accounts are certain judgments and estimates including, among others, the customer's willingness or ability to pay, the Company's compliance with lease terms, the effect of general economic conditions and the ongoing relationship with the customer. Accounts with outstanding balances longer than the payment terms are considered past due. We do not charge interest on past due balances. The Company writes off lease receivables when it determines that they have become uncollectible after all reasonable collection efforts have been made. If we record bad debt expense, the amount is reflected as a component of operating expenses in the statements of operations.
Leases	Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-02 – Topic 842 Leases. The Company has elected to apply the short-term scope exception for leases with terms of 12 months or less at the inception of the lease and will continue to recognize rent expense on a straight-line basis. As a result of the adoption, on July 1, 2019, the Company recognized a lease liability of approximately $291,753, which represented the present value of the remaining minimum lease payments using an estimated incremental borrowing rate of 6.75%. As of July 1, 2019, the Company recognized a right-to-use asset of approximately $289,089. Lease expense did not change materially as a result of the adoption of ASU 2016-02. As a result of the acquisition of PERA LLC and combined entity Appreciation Financial LLC, as of August 19, 2020 the Company recognized a right to use asset of $157,795 and a lease liability of $153,413 with respect to PERA LLC and a right to use asset of $1,575,145 and a lease liability of $1,598,068 with respect to combined entity Appreciation Financial LLC.
Intangible Assets	Intangible Assets The Company’s intangible assets consist of intellectual property with minimal value.
Investment In and Valuation of Real Estate Assets	Investment In and Valuation of Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation and amortization. Amounts capitalized to real estate assets consist of the cost of acquisition (excluding acquisition related expenses), construction costs, and mortgage interest during the period the facilities are under construction and prior to readiness for occupancy, and any tenant improvements, major improvements and betterments that extend the useful life of the real estate assets and leasing costs. All repairs and maintenance are expensed as incurred. The Company is required to make subjective assessments as to the useful lives of its depreciable assets. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life of the assets. Real estate assets, other than land, are depreciated on a straight-line basis over the estimated useful life of the asset. The estimated useful lives of the Company's real estate assets by class are generally as follows: Land Indefinite Buildings 40 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term
Impairment of long-lived assets	Impairment of long-lived assets The Company monitors its long-lived assets and finite-lived intangibles for indicators of impairment. If such indicators are present, the Company assesses the recoverability of affected assets by determining whether the carrying value of such assets is less than the sum of the undiscounted future cash flows of the assets. If such assets are found not to be recoverable, the Company measures the amount of such impairment by comparing the carrying value of the assets to the fair value of the assets, with the fair value generally determined based on the present value of the expected future cash flows associated with the assets (See Note 6).
Share-based compensation	Share-based compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. Unregistered stock awards are measured based on the fair market values of the underlying stock on the dates of grant. For service type awards, share-based compensation expense is recognized on a straight-line basis over the period during which the employee is required to provide service in exchange for the entire award. For awards that vest or begin vesting upon achievement of a performance condition, the Company estimates the likelihood of satisfaction of the performance condition and recognizes compensation expense when achievement of the performance condition is deemed probable using an accelerated attribution model.
Revenue Recognition	Revenue Recognition under ASC 606 The Company has adopted accounting standard, ASC 606 “Revenue from Contracts with Customers” Revenues from contracts with customers are recognized when control of promised goods and services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company recognizes revenue using the five-step model as prescribed by ASC 606: 1) Identification of the contract, or contracts, with a customer; 2) Identification of the performance obligations in the contract; 3) Determination of the transaction price; 4) Allocation of the transaction price to the performance obligations in the contract; and 5) Recognition of revenue when or as, the Company satisfies a performance obligation. When a contract with a customer or an agent is signed, the Company assesses whether collection of the fees under the arrangement is probable. The Company estimates the amount to reserve for uncollectible amounts at the end of each reporting period based on the aging of the contract balance, current and historical customer trends, and communications with its customers. These reserves are recorded against the related accounts receivable. The transaction price is the consideration that the Company expects to receive from its customers and agents in exchange for its products or services. In determining the allocation of the transaction price, the Company identifies performance obligations in contracts with customers, which may include subscriptions to software and services, support, professional services and customization. In the case of the Company’s software contracts and support services prices are predetermined based on the specific terms of the contract either in flat fee customization/license fee charges or as hourly support and/or software customization charges. Charges relative to license fees are amortized over the term of the license. Charges relative to customization of the software are charged over the term of the scope of work on a percentage of completion basis. Charges relative to support and ongoing services and professional fees are charged when incurred and control has been transferred or the work has been completed. Income earned through the sale of appointments to agents by PERA LLC are recognized on the date of the service appointment. License fees and customization of software License and implementation fees are charged as flat fees which are amortized over the term of the contract. For contracts with elements related to customized software solutions and certain build-outs or software systems that require significant modification or customization, the Company will recognize revenue using the percentage-of-completion method. In using the percentage-of-completion method, revenues are generally recorded based on completion of milestones under a scope of work or based on total estimated cost of work and percentage completion as at the balance sheet date. Software Revenue The Company generates software revenue monthly on a single fee per subscribed user basis. The Company recognizes software revenue monthly on a per user for each user that is able to deploy software and provided all revenue recognition criteria have been met. If the revenue recognition criteria has not been met, the revenue is deferred or not recognized. Customization, support and maintenance Revenue from the Company’s customization of software to meet a particular client’s needs is recognized on a percentage of completion basis over the term of the customization work and until control of the goods or services is transferred to the customer or such date the customer agrees the scope of work has been completed and the intended functionality of the software is complete and able to perform the desired service. Support and maintenance revenue is generated from recurring monthly support and is invoiced monthly based on hourly fees at predetermined rates based on each customer contract. The Customer is credited a certain number of services hours monthly based on the numbers of users actively subscribed to the software which amounts offset any monthly user fees. Support and maintenance services include e-mail and telephone support, unspecified rights to software fixes and product updates and upgrades and enhancements available on a when-and-if available basis. Professional services and other Professional services and other revenue is generated through services including onsite training, product implementation and other similar services. Professional services are generally flat fee services based on a number of hours or scope of work for each specific service. Depending on the services to be provided, revenue from professional services and other is generally recognized at the time of delivery when the services have been completed and control has been transferred. Income from agent appointments Income generated by booking appointments for insurance agents is earned on the date on which the appointment takes place. Appointment fees which are collected in advance of appointments are recorded as unearned revenue. Unearned Revenue Unearned revenue represents billings or payments received in advance of revenue recognition and is recognized upon transfer of control. Balances consist primarily of appointment fees collected from member agents where the client appointment has not yet occurred, license fees being amortized over the term of the customer contract and customization services which have not yet been concluded and are being deferred using the percentage-of-completion method. Campground space rentals and concession sales Revenues from our campsite operations from the sales of concession items, equipment rentals or campsite locations are recoded on the cash basis due to the nature of collection of campsite fees and concession items, which occur daily as the site is rented and sundry items are purchased. Commissions earned on insurance coverage (Appreciation Financial LLC) Appreciation Financial LLC earns commissions paid by insurance carriers for the binding of insurance coverage. Commissions are earned at a point in time upon the effective date of bound insurance coverage, as no performance obligation exists after coverage is bound. If there are other services within the contract, Appreciation estimates the stand-alone selling price for each separate performance obligation, and the corresponding apportioned revenue is recognized over a period of time as the performance obligations are fulfilled. Incentive commissions represent a form of variable consideration which includes additional commissions over base commissions received from insurance carriers based on predetermined production levels mutually agreed upon by both parties. Incentive commissions are estimated with a constraint applied and accrued relative to the recognition of the corresponding core commissions based on the amount of consideration that will be received in the coming year such that a significant reversal of revenue is not probable. Advance Commissions are paid by insurance carriers under agreed terms of certain individual customer policies. Advance Commissions are recorded as deferred revenue and amortized over the term of the contract. Appreciation Management determines the policy cancellation reserve based upon historical cancellation experience adjusted for any known circumstance. Commission revenues – Prior to the adoption of Topic 606, commission revenues, including those billed on an installment basis, were recognized on the latter of the policy effective date or the date that the premium was billed to the customer. As a result of the adoption of Topic 606, commission revenues associated with the issuance of policies are now recognized upon the effective date of the associated policy. The overall impact of these changes is expected to be significant. These commission revenues, including those billed on an installment basis, will now be recognized earlier than they had been previously. Revenue is accrued based upon the completion of the performance obligation, thereby creating a current asset for the unbilled revenue, until such time as an invoice is generated. Incentive and contingent commissions – Prior to the adoption of Topic 606, revenue that was not fixed and determinable because a contingency existed was not recognized until the contingency was resolved. Under Topic 606, Appreciation must estimate the amount of consideration that will be received in the coming year such that a significant reversal of revenue is not probable. Incentive and contingent commissions represent a form of variable consideration associated with the placement of coverage, for which we earn commissions and fees. In connection with Topic 606, these commissions are estimated with a constraint applied and accrued relative to the recognition of the corresponding core commissions. The resulting effect on the timing of recognizing of these contingent commissions will now more closely follow a similar pattern as our commissions and fees with any true-ups recognized when payments are received or as additional information that affects the estimate becomes available. Fee Revenues: Appreciation earns fee revenue related to the onboarding of its agents which is recorded at the time of the transaction. Additionally, Appreciation is required to evaluate the impact of ASC Topic 340 – Other Assets and Deferred Cost (“ASC 340”) which requires companies to defer certain incremental cost to obtain customer contracts, and certain costs to fulfill customer contracts. Incremental cost to obtain – The adoption of ASC 340 is expected to result in Appreciation deferring certain costs to obtain customer contracts primarily as they relate to commission-based compensation for which the Company pays an incremental amount of compensation on new business. These incremental costs are expected to be deferred and amortized based on the term of customer polices and expected renewals. Cost to fulfill – The adoption of ASC 340 may result in Appreciation deferring certain costs to fulfill contracts and recognizing costs as the associated performance obligations are fulfilled. In order for contract fulfillment costs to be deferred under ASC 340, the costs must (1) relate directly to a specific contract or anticipated contract, (2) generate or enhance resources that Appreciation will use in satisfying its obligations under the contract, and (3) be expected to be recovered through sufficient net cash flows from the contract. As of the filing date, Appreciation Financial is unable to estimate with certainty its historical renewal rates for the insurance policies previously sold and therefore has not included commission revenue to be earned upon renewal based on this estimate. This also means that Appreciation is unable to estimate the costs to be deferred under ASC 340, or the costs to be expensed upon recognition of renewal revenue under ASC 606. Appreciation Financial prior to the combination of its financial statements herein did not previously report the results of its operations and financial position under US GAAP and is currently in the process of developing the systems and processes in which to estimate these amounts. The Company currently expects that the processes and systems will be in place for the reporting for the Company’s year ended June 30, 2021 financial statements.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows the fair value measurement rules, which provides guidance on the use of fair value in accounting and disclosure for assets and liabilities when such accounting and disclosure is called for by other accounting literature. These rules establish a fair value hierarchy for inputs to be used to measure fair value of financial assets and liabilities. This hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three levels: Level 1 (highest priority), Level 2, and Level 3 (lowest priority). Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the balance sheet date. Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3—Inputs are unobservable and reflect the Company’s assumptions as to what market participants would use in pricing the asset or liability. The Company develops these inputs based on the best information available. The carrying amount of receivables and accounts payable and accrued expenses approximates fair value due to the short-term nature of those instruments. The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of lease receivables, accounts payable, and accrued liabilities approximate fair value given their short-term nature or effective interest rates, which constitutes level three inputs.
Income Taxes	Income taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss and credit carryforwards. Deferred tax assets and liabilities are measured at rates expected to apply to taxable income in the years in which those temporary differences and carryforwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statement of operations in the period that includes the enactment date. A valuation allowance is recorded when it is not more likely than not that all or a portion of the net deferred tax assets will be realized. In the quarters ended September 30, 2020 and 2019, the Company issued a significant number of new shares in its acquisition of PERA LLC and Bombshell Technologies, Inc. (see Note 4) and the cancellation of then outstanding shares upon the sale of WCS Enterprises, LLC (see Note 5). The effect of these issuances and cancellations is that most likely, the Company experienced the requisite change of control as promulgated under the US Internal Revenue Code section 382. The effect of this will be that going forward, the ability of the Company to utilize the US Federal net operating loss carryforwards of Grow Capital, Inc. from prior to these transactions will be limited in its usage. In order to determine the specific effect, the Company must perform the computations required under the Internal Revenue Code, which have not yet been performed. The Company expects it will perform the required computations once its evident that profits are likely.
Net (loss) income per share	Net (loss) income per share Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of shares of Common Stock outstanding for the period and contains no dilutive securities. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. All dilutive common stock equivalents are reflected in our earnings (loss) per share calculations. Anti-dilutive common stock equivalents are not included in our earnings (loss) per share calculations. There were no potential dilutive shares outstanding as of March 31, 2021 and June 30, 2020.
Reclassification	Reclassification Certain prior period balances have been reclassified to conform to the current period presentation in the Company’s consolidated financial statements and the accompanying notes. These reclassifications had no effect on net income for the prior periods. In addition, we have included the results of operations and financial position of the Resort at Lake Selmac for all periods presented in discontinued operations and assets and liabilities held for sale, respectively. The Company accepted an offer to sell the Resort at Lake Selmac effective January 27, 2021, and the transaction was closed on March 3, 2021.
Recent accounting pronouncements	Recent Accounting Pronouncements Fair Value Measurements (“ASU 2018-03”). The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of ASU 2018-13. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU 2018-13 and delay adoption of the additional disclosures until their effective date. The Company is currently assessing the impact that ASU 2018-13 will have on its financial statements. Financial Instruments – Credit Losses (“ASU 2016-13”). The standard was originally effective for interim and annual reporting periods beginning after December 15, 2019 and early adoption is permitted for interim and annual reporting periods beginning after December 15, 2018. However, in November 2019, the Financial Accounting Standard Board (FASB) issued ASU 2019-10, Financial Instruments—Credit Losses, (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) — Effective Dates ASU 2019-10

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2021
Table Text Block Supplement [Abstract]
Schedule of Estimated useful lives assets	The estimated useful lives of the Company's real estate assets by class are generally as follows: Land Indefinite Buildings 40 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term

Note 3 - Prepaid expenses (Tabl

Note 3 - Prepaid expenses (Tables)	9 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Schesule of Prepaid expenses	Prepaid expenses at March 31, 2021 and June 30, 2020 consist of the following: March 31, June 30, Professional fees $ 103,106 $ 50,000 Other expenses 6,807 13,204 Total $ 109,913 $ 63,204

Note 4 - Merger with PERA LLC (

Note 4 - Merger with PERA LLC (Tables)	9 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Schedule of assets acquired and liabilities assumed	The following table provides information as of August 19, 2020 of the assets acquired and the liabilities assumed in the merger: PERA Appreciation Combined Assets Cash $ 27,693 $ 856,580 $ 884,273 Accounts receivable 67,779 28,534 96,313 Due to/from related parties (356,096 ) 388,596 32,500 Prepaid and other assets 32,440 187,283 219,723 Property and equipment - 106,791 106,791 Right to use assets 157,795 1,575,145 1,732,940 Grow Capital stock held* 140,600 60,000 200,600 Total Assets $ 70,211 $ 3,202,929 $ 3,273,140 Liabilities Accounts payable and accrued liabilities $ 36,186 $ 885,625 $ 921,811 Accounts payable and accrued liabilities, related parties - 201,252 201,252 Unearned revenue 5,667 3,326,726 3,332,393 Debt 75,000 5,201,321 5,276,321 Lease liabilities 153,413 1,598,068 1,751,481 Total liabilities $ 270,266 $ 11,212,992 $ 11,483,258 Net Assets $ (200,055 ) $ (8,010,063 ) $ (8,210,118 ) Consideration: 9,358,185 shares $ 9,358 Additional paid in capital (209,413 ) Members’ equity (8,010,063 ) Total $ (8,210,118 ) * The Grow Capital, Inc. common stock held by PERA LLC and Appreciation Financial at the time of the closing was included as treasury stock.

Note 5 - Discontinued Operati_2

Note 5 - Discontinued Operations (Tables)	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Schedule of Discounted Operations	The Results of the Discounted Operations are as follows: Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 Net revenues $ 25,844 $ - $ 148,381 $ 140,912 Operating expenses Cost of revenue 1,190 2,463 16,852 38,716 General and administrative 21,500 8,036 66,111 73,780 Depreciation, amortization and impairment 1,004 776 2,968 11,636 Total operating expenses 23,694 11,275 85,931 124,132 Income (Loss) from operations 2,150 (11,275 ) 62,450 16,780 Gain (loss) on sale (31,075 ) - (31,075 ) 492,439 Interest expense (6,031 ) (8,937 ) (26,131 ) (26,917 ) Income (loss) from discontinued operations $ (34,956 ) $ (20,212 ) $ 5,244 $ 482,302
Assets and liabilities disposed	Assets and liabilities disposed of are as follows: March 3, 2021 June 30,2020 Assets: Lease receivable $ 5,903 $ 5,903 Prepaid expenses - 5,521 Property, plant and equipment, net 781,382 783,993 Other assets 4,435 500 Total Assets $ 791,720 $ 795,917 Liabilities: Accrued liabilities $ 22,725 $ 23,483 Debt 590,257 596,308 Total Liabilities 612,982 619,791 Net Assets $ 178,738 $ 176,126 Consideration: Proceeds from sale of property $ 147,663 $ - Purchaser return 9,093,888 shares of common stock, FMV at $0.10 - 909,389 Payment on certain items during closing - (2,030 ) Total consideration 147,663 907,359 Gain (loss) on sale of Resort on Selmac and WCS $ (31,075 ) $ 492,439
Schedule of Mortgage on Lake Selmac Property	March 31, June 30, 2020 Note payable, Resort at Lake Selmac $ - $ 596,308

Note 6 - Property and Equipme_2

Note 6 - Property and Equipment, Net (Tables)	9 Months Ended
	Mar. 31, 2021
Table Text Block Supplement [Abstract]
Schedule of Property and Improvements	Property and improvements consisted of the following as of March 31, 2021 and June 30, 2020: March 31, 2021 June 30, 2020 Automobiles 216,637 - Leaseholder improvement 156,653 67,644 Furniture, Fixtures and Equipment 107,601 8,947 480,891 76,591 Less: accumulated depreciation (331,676 ) (17,609 ) $ 149,215 $ 58,982

Note 8 - Accounts Payable and_2

Note 8 - Accounts Payable and Accrued Liabilities (Tables)	9 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities at March 31, 2021 and June 30, 2020 consist of the following: March 31, June 30, 2020 Accounts payable $ 626,009 $ 496,574 Accrued salaries and wages 48,888 23,748 Accrued commission fees 586,501 - Accrued professional fees 145,000 126,173 Others 32,892 1,325 $ 1,439,290 $ 647,820

Note 9 - Debts and Other Nonc_2

Note 9 - Debts and Other Noncurrent Liabilities (Tables)	9 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Schedule of Paycheck Protection Program and SBA	Paycheck Protection Program  Paycheck Protection Program (“PPP loan”) $ 332,837 EIDL loan 149,900 Total $ 482,737
Schedule of loan agreements	Appreciation had certain loan agreements with National Life Distribution, LLC (“NLD”) as below: March 31, 2021 Revolving line of credit loan up to $5M dated December 21, 2018 with maturity date on December 20, 2023: Interest rate at 6% per annum, increasing to 11% per annum in default. The line of credit is secured by a personal guarantee of our CEO and Board Member. In addition, the line of credit has a conversion feature that allows the lender at any time prior to maturity to convert the line of credit into membership interest of Appreciation, LLC at the rate of 100 divided by the principal and unpaid interest converted multiplied by four (4) times the prior calendar year EBITDA of Appreciation, LLC. The line of credit also contains certain cross default provisions with respect to the November 2, 2018 note below. $ 4,389,047 Promissory note dated November 2, 2018 361,901 Total $ 4,750,948
Schedule of future aggregate principal payments	For all our debt, future maturities over the remaining term of the debt are as follows: 2021 $ 361,901 2022 482,737 2023 4,389,047 Subtotal 5,233,685 Less: current portion (436,901 ) Long-term portion of debt $ 4,796,784

Note 10 - Operating Leases (Tab

Note 10 - Operating Leases (Tables)	9 Months Ended
	Mar. 31, 2021
Disclosure Text Block [Abstract]
Schedule of future aggregate minimum lease payments	Future minimum lease payments in respect of the above under non-cancellable leases as of March 31, 2021 as presented in accordance with ASC 842 were as follows: 2021 368,366 2022 376,496 2023 295,240 2024 288,050 2025 245,903 Remaining periods 762,394 Total future minimum lease payments 2,336,449 Less: imputed interest (472,940 ) Total 1,863,509 Current portion of operating lease 275,958 Long term portion of operating lease $ 1,587,551

Note 12 - Related Party Trans_2

Note 12 - Related Party Transactions (Tables)	9 Months Ended
	Mar. 31, 2021
Bombshell Technologies
Summary of revenue from related parties	The following table summarizes the revenue from the Company’s related parties. Revenues below reflect the transactions between Bombshell, PERA and Appreciation to the time of acquisition, consolidation and combination effective August 20, 2020, thereafter intercorporate sales are eliminated: Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 Appreciation Financial LLC (1)(2) $ - $ 195,065 $ 101,217 $ 586,154 Public Employee Retirement Assistance (PERA) (1)(2) - 47,261 74,856 187,189 Superior Performers Inc. (1) - 180,916 240,106 649,829 Others 15,085 111,365 69,349 234,737 Grand Total $ 15,085 $ 534,607 $ 485,528 $ 1,657,909 (1) The Company had a significant concentration of revenue from these three related party customers totaling 0% and 86% in the three and nine months ended March 31, 2021 and, 79% and 86% of gross related party revenues during the three and nine months ended March 31, 2020, respectively. Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company. (2) The amounts included in this table are for periods prior to the entity being consolidated/combined. The amounts in the periods shown from August 20, 2020 and forward include intercompany eliminations due to consolidation.
Summary of accounts receivable from related parties	The following table summarizes the accounts receivable from the Company’s related parties: March 31, 2021 June 30, 2020 Appreciation Financial LLC (1) $ - $ 140,289 Public Employee Retirement Assistance (PERA) (1) - 49,737 Superior Performers Inc. (1) 4,701 58,061 Others 15,717 970 Grand Total $ 20,418 $ 249,057 (1) The Company had a significant concentration of accounts receivable from these three customers totaling 99% as at June 30, 2020. Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.
Summary of costs of sales from related parties	The following table summarizes the Costs of Sales – related parties: Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 Trendsic Corporation Inc. (1)(2) $ - $ - $ - $ 178,799 Ambiguous Holdings LLC (1)(2) - - - 7,555 Others 1,800 - 1,800 - Total $ 1,800 $ - $ 1,800 $ 186,354 (1) The Company had a significant concentration of total costs of goods sold from these two related party vendors totaling 0% and 100% of related party costs of goods sold in the three and nine months ended March 31, 2020, respectively. (2) Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.
Summary General and administrative related parties	The following table summarizes expense related to commission fees included as General and administrative – related parties: Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 Zeake, LLC (1) $ 47,237 $ 56,819 $ 156,679 $ 167,260 (1) Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.
Summary of accounts payable to related parties	The following table summarizes accounts payable to the Company’s related parties: March 31, June 30, 2020 Trendsic Corporation Inc. (1) $ - $ 61,948 Zeake, LLC (1) 118,045 78,515 Grand Total $ 118,045 $ 140,463 (1) Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.
Pera
Summary of costs of sales from related parties	The following table summarizes the Costs of Sales – related parties: Three months ended March 31, 2021 For the period August 20, 2020 to March 31, 2021 PERA Wizards, LLC (1) $ 591,142 $ 1,514,984 Wingbrook Partners, LLC (1) 321,396 894,385 Total $ 912,538 $ 2,409,367 (1) Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.
Summary General and administrative related parties	The following table summarizes expense related to commission fees paid to related parties and included as General and administrative – related parties: Three months ended For the period August 20, 2020 to March 31, 2021 Management fee $ 55,519 $ 147,250 Commission fee 75,070 201,872 Total $ 130,589 $ 349,122
Appreciation Financial
Summary of costs of sales from related parties	The following table summarizes the Costs of Sales – related parties: Three months ended For the period August 20, 2020 to March 31, 2021 Member of Appreciation $ 24,315 $ 77,128
Summary General and administrative related parties	The following table summarizes expense related to compensation included as General and administrative – related parties: Three months ended For the period August 20, 2020 to March 31, 2021 Member of Appreciation $ 376,745 $ 1,072,042
Summary of accounts payable to related parties	Upon combination of Appreciation, the Company assumed accounts payable as below: March 31, 2021 Member of Appreciation $ 201,252

Note 13 - Segment Reporting (Ta

Note 13 - Segment Reporting (Tables)	9 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The costs associated with management overhead for Grow Capital are dedicated to our key operating segment in the FinTech industry, Bombshell Technologies and all corporate overhead has been included in this segment disclosure as a result. As of March 31, As of June 30, 2021 2020 Assets by segment Bombshell Technologies and corporate $ 999,879 $ 1,117,341 PERA 392,331 - Appreciation 2,109,034 - Assets held for sale - 795,917 Total assets $ 3,501,244 $ 1,913,258 Three months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 2020 Revenues by segment: Bombshell Technologies and corporate (*) $ 161,309 $ 565,314 PERA 1,395,747 - Appreciation 6,514,420 - Total revenue from continuing operations $ 8,071,476 $ 565,314 Segment profit (loss) Bombshell Technologies and corporate (*) $ (578,150 ) $ (594,824 ) PERA 51,389 - Appreciation (280,795 ) - Total segment profit from continuing operations $ (807,556 ) $ (594,824 ) Nine months ended March 31, 2021 and 2020: Nine Months Ended March 31, 2021 2020 Revenues by segment: Bombshell Technologies and corporate (*) $ 791,512 $ 1,800,739 PERA 3,520,406 - Appreciation 17,269,573 - Total revenue from continuing operations $ 21,581,491 $ 1,800,739 Segment profit (loss) Bombshell Technologies and corporate (*) $ (1,491,687 ) $ (1,725,340 ) PERA (56,360 ) - Appreciation (1,078,205 ) - Total segment profit from continuing operations $ (2,626,252 ) $ (1,725,340 ) (*) Excludes discontinued operations related to assets held for sale

Note 1 - Organization and Des_2

Note 1 - Organization and Description of Business (Details) - USD ($)	May 13, 2020	Aug. 19, 2020	Jul. 30, 2020	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jan. 27, 2021	Jun. 30, 2020	Aug. 29, 2019	Jun. 30, 2019	Jun. 22, 2018
Date of Incorporation						Oct. 22, 1999
Increase in authorised capital										550,000,000		180,000,000
Common Stock, shares authorized				500,000,000		500,000,000			500,000,000	500,000,000
Common Stock, par or stated value				$ 0.001		$ 0.001			$ 0.001			$ 0.001
Preferred Stock, shares authorized				50,000,000		50,000,000			50,000,000	50,000,000
Preferred Stock, par or stated value				$ 0.001		$ 0.001			$ 0.001			$ 0.001
Reverse stock split	Reverse split on the outstanding shares of the Company’s common stock on a one-for-20 basis		Reverse split on the outstanding shares of the Company’s common stock on a one-for-20 basis
Net income (loss)				$ (842,512)	$ (613,379)	$ (2,621,008)	$ (1,243,038)
Working capital defcit						(1,553,807)
Cash on hand				$ 1,097,443	$ 156,377	1,097,443	156,377		$ 246,761		$ 483,430
Cash provided by operations						$ (857,192)	$ (609,190)
WCS Enterprises, LLC
Date of Incorporation						Sep. 9, 2013
Smoke on the Water [Member]
Date of Incorporation						Oct. 21, 2016
Bombshell Technologies
Date of Incorporation						Jun. 24, 2019
Date of Acquisition						Jul. 23, 2019
PERA LLC
Date of Acquisition		Aug. 3, 2020
Resort at Lake Selmac [Member]
Offering price of resort location								$ 740,000

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies : Concentration of Credit Risk (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Disclosure Text Block [Abstract]
FDIC insured limit	$ 122,222	$ 0

Note 2 - Summary of Significa_5

Note 2 - Summary of Significant Accounting Policies : Concentration Risk - Revenues (Details) - Revenue	3 Months Ended	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2021
One Customer
Concentration of risk	55.00%	55.00%
Non Related Parties
Concentration of risk	55.00%	56.00%
Appreciation Financial LLC
Concentration of risk	68.00%	68.00%

Note 2 - Summary of Significa_6

Note 2 - Summary of Significant Accounting Policies : Concentration of Financing Risk (Details)	9 Months Ended
	Mar. 31, 2021USD ($)
Disclosure Text Block [Abstract]
Proceeds from customer advances	$ 3,300,000
Proceeds from loan	$ 47,500,000

Note 2 - Summary of Significa_7

Note 2 - Summary of Significant Accounting Policies: Accounts Receivable and Allowance for Doubtful Accounts (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Text Block [Abstract]
Allowance For Doubtful Accounts	$ 100,150	$ 35,350

Note 2 - Summary of Significa_8

Note 2 - Summary of Significant Accounting Policies : Leases (Details) - USD ($)	Mar. 31, 2021	Aug. 19, 2020	Jun. 30, 2020	Jul. 02, 2019
Operating Lease, Liability	$ 1,863,509			$ 291,753
Estimated incremental borrowing rate				6.75%
Operating Lease, Right-of-Use Asset	$ 1,824,573		$ 335,645	$ 289,089
PERA LLC
Operating Lease, Liability		$ 153,413
Operating Lease, Right-of-Use Asset		157,795
Appreciation Financial LLC
Operating Lease, Liability		1,598,068
Operating Lease, Right-of-Use Asset		$ 1,575,145

Note 2 - Summary of Significa_9

Note 2 - Summary of Significant Accounting Policies: Investment (Details)	9 Months Ended
	Mar. 31, 2021
Land {1}
Property, Plant and Equipment, Estimated Useful Lives	Indefinite
Building
Property, Plant and Equipment, Estimated Useful Lives	40 years
Tenant Improvements
Property, Plant and Equipment, Estimated Useful Lives	Lesser of useful life or lease term
Intangible Lease Assets
Property, Plant and Equipment, Estimated Useful Lives	Lease term

Note 2 - Summary of Signific_10

Note 2 - Summary of Significant Accounting Policies: Net (loss) income per share (Details) - shares	9 Months Ended	12 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Text Block [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0

Note 3 - Prepaid expenses _ Sch

Note 3 - Prepaid expenses : Schesule of Prepaid expenses (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Total Prepaid expenses	$ 109,913	$ 63,204
Professional fees [Member]
Total Prepaid expenses	103,106	50,000
Other Expense [Member]
Total Prepaid expenses	$ 6,807	$ 13,204

Note 4 - Merger with PERA LLC_2

Note 4 - Merger with PERA LLC (Details) - USD ($)	1 Months Ended	3 Months Ended
	Aug. 19, 2020	Sep. 30, 2020
Number of common stock aquisition, value		$ 8,410,718
PERA LLC
Ownership, percentage	100.00%
PERA LLC | Consideration Shares
Number of common stock aquisition	9,358,185
PERA LLC | Exchange Shares
Number of common stock aquisition, value	$ 10,000,000
PERA LLC | Earn-out Shares
Number of common stock aquisition, value	$ 5,000,000

Note 4 - Merger with PERA LLC _

Note 4 - Merger with PERA LLC : Assets acquired and liabilities assumed (Details)	1 Months Ended
	Aug. 19, 2020USD ($)
Assets
Cash	$ 884,273
Accounts receivable	96,313
Due to/from related parties	32,500
Prepaid and other assets	219,723
Property and equipment	106,791
Right to use assets	1,732,940
Grow Capital stock held*	200,600	[1]
Total Assets	3,273,140
Liabilities
Accounts payable and accrued liabilities	921,811
Accounts payable and accrued liabilities, related parties	201,252
Unearned revenue	3,332,393
Debt	5,276,321
Lease liabilities	1,751,481
Total liabilities	11,483,258
Net Assets	(8,210,118)
Consideration: 5,533,773 shares	9,358
Additional paid in capital	(209,413)
Members' equity	(8,010,063)
Total	(8,210,118)
PERA LLC
Assets
Cash	27,693
Accounts receivable	67,779
Due to/from related parties	(356,096)
Prepaid and other assets	32,440
Property and equipment	0
Right to use assets	157,795
Grow Capital stock held*	140,600	[1]
Total Assets	70,211
Liabilities
Accounts payable and accrued liabilities	36,186
Accounts payable and accrued liabilities, related parties	0
Unearned revenue	5,667
Debt	75,000
Lease liabilities	153,413
Total liabilities	270,266
Net Assets	(200,055)
Appreciation Financial LLC
Assets
Cash	856,580
Accounts receivable	28,534
Due to/from related parties	388,596
Prepaid and other assets	187,283
Property and equipment	106,791
Right to use assets	1,575,145
Grow Capital stock held*	60,000	[1]
Total Assets	3,202,929
Liabilities
Accounts payable and accrued liabilities	885,625
Accounts payable and accrued liabilities, related parties	201,252
Unearned revenue	3,326,726
Debt	5,201,321
Lease liabilities	1,598,068
Total liabilities	11,212,992
Net Assets	$ (8,010,063)
[1]	The Grow Capital, Inc. common stock held by PERA LLC and Appreciation Financial at the time of the closing was included as treasury stock.

Note 5 - Discontinued Operati_3

Note 5 - Discontinued Operations (Details) - USD ($)	1 Months Ended
	Dec. 31, 2019	Jan. 27, 2021	Mar. 06, 2017
Original principal amount			$ 625,000
Resort at Lake Selmac [Member]
Offering price of resort location		$ 740,000
Membership Interest Purchase Agreement [Member] | Zallen Trust [Member]
Purchase price	$ 782,450
Puechase price description	The Zallen Trust paid the purchase price by transferring to the Company 434,694 shares of the Company’s Common Stock, valued at $2.00 per share. The Purchase Agreement also provided that Mr. Zallen transfer to the Company an additional 20,000 shares of Common Stock to settle $36,000 in back rent owed at the time of the sale.
Forgiveness of salary accruals for services	$ 367,000
Payroll taxes	61,000
Gain on sale	$ 553,000

Note 5 - Discontinued Operati_4

Note 5 - Discontinued Operations : Discounted Operations of Smoke on the water and WCS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Net revenues	$ 8,071,476	$ 565,314	$ 21,581,491	$ 1,800,739
Operating expenses
Cost of revenue	6,697,750	290,285	17,657,361	900,463
General and administrative	1,293,133	596,234	3,098,025	1,712,152
Total operating expenses	2,366,220	869,853	6,633,304	2,630,339
Income (Loss) from operations	(992,494)	(594,824)	(2,709,174)	(1,730,063)
Interest expense	(68,226)	0	(174,435)	0
Income (loss) from discontinued operations	(34,956)	(20,212)	5,244	482,302
Discontinued Operations [Member]
Net revenues	25,844	0	148,381	140,912
Operating expenses
Cost of revenue	1,190	2,463	16,852	38,716
General and administrative	21,500	8,036	66,111	73,780
Depreciation, amortization and impairment	1,004	776	2,968	11,636
Total operating expenses	23,694	11,275	85,931	124,132
Income (Loss) from operations	2,150	(11,275)	62,450	16,780
Gain (loss) on sale	(31,075)	0	(31,075)	492,439
Interest expense	(6,031)	(8,937)	(26,131)	(26,917)
Income (loss) from discontinued operations	$ (34,956)	$ (20,212)	$ 5,244	$ 482,302

Note 5 - Discontinued Operati_5

Note 5 - Discontinued Operations :Assets and liabilities disposed of Smoke on the water and WCS (Details) - USD ($)	Mar. 03, 2021	Jun. 30, 2020	Mar. 31, 2021	Aug. 19, 2020
Assets:
Prepaid expenses		$ 63,204	$ 109,913
Property, plant and equipment, net		58,982	149,215
Total Assets		1,913,258	3,501,244
Liabilities:
Debt		0	436,901
Total Liabilities		1,921,303	$ 13,123,492
Net Assets				$ (8,210,118)
Smoke on the water and WCS [Member]
Assets:
Lease receivable	$ 5,903	5,903
Prepaid expenses	0	5,521
Property, plant and equipment, net	781,382	783,993
Other assets	4,435	500
Total Assets	791,720	795,917
Liabilities:
Accrued liabilities	22,725	23,483
Debt	590,257	596,308
Total Liabilities	612,982	619,791
Net Assets	178,738	176,126
Consideration:
Proceeds from sale of property	147,663	0
Purchaser return 9,093,888 shares of common stock, FMV at $0.10	0	909,389
Payment on certain items during closing	0	(2,030)
Total consideration	147,663	907,359
Gain (loss) on sale of Resort on Selmac and WCS	$ (31,075)	$ 492,439

Note 5 - Discontinued Operati_6

Note 5 - Discontinued Operations : Lake Selmac Property (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Lake Selmac
Note payable	$ 0	$ 596,308

Note 6 - Property and Equipme_3

Note 6 - Property and Equipment, Net (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Text Block [Abstract]
Depreciation expense	$ (868)	$ 1,758	$ 10,635	$ 7,032

Note 6 - Property and Equipme_4

Note 6 - Property and Equipment, Net: Property and Improvements (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Text Block [Abstract]
Automobiles	$ 216,637	$ 0
Leaseholder improvement	156,653	67,644
Furniture, Fixtures and Equipment	107,601	8,947
Property, Plant and Equipment, Gross	480,891	76,591
Less: accumulated depreciation and impairment	(331,676)	(17,609)
Property, Plant and Equipment, Net	$ 149,215	$ 58,982

Note 7 - Promissory Note Rece_2

Note 7 - Promissory Note Receivable (Details) - USD ($)	Jul. 08, 2019	Sep. 25, 2020	Jun. 30, 2020	Mar. 31, 2021	Mar. 06, 2017
Loan				$ 482,737
Proceeds from periodic payment			$ 16,000
Interest income			6,304
Note receivable			$ 88,510	54,000
Principal amount					$ 625,000
Loan Agreement | Promissory note
Loan	$ 100,000
Rate of interest	5.00%
Periodic payment	$ 2,000
Frequency of periodic payment	Monthly
Addendum | Promissory note | Borrower
Rate of interest		5.00%
Periodic payment		$ 6,000
Frequency of periodic payment		Monthly
Principal amount		$ 72,000		$ 54,000
Maturity date		Oct. 1, 2021
Repayment of related party debt		$ 16,510
Original amount		$ 100,000

Note 8 - Accrued Liabilities (D

Note 8 - Accrued Liabilities (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Payables and Accruals [Abstract]
Accounts payable	$ 626,009	$ 496,574
Accrued salaries and wages	48,888	23,748
Accrued commission fees	586,501	0
Accrued professional fees	145,000	126,173
Others	32,892	1,325
Accrued Liabilities	$ 1,439,290	$ 647,820

Note 9 - Debts and Other Nonc_3

Note 9 - Debts and Other Noncurrent Liabilities (Details) - USD ($)	1 Months Ended		3 Months Ended	9 Months Ended
	Dec. 31, 2020	May 02, 2020	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Mar. 06, 2017
Proceeds from loan				$ 47,500,000
Other income			$ 250,772	250,772	$ 0
Principal amount						$ 625,000
SBA
Proceeds from loan	$ 325,772	$ 332,837
Rate of interest		1.00%
EIDL
Maturity date		Aug. 11, 2050
Proceeds from loan		$ 149,900
Rate of interest		3.75%
PPP
Principal amount			$ 257,837	$ 257,837

Note 9 - Debts and Other Nonc_4

Note 9 - Debts and Other Noncurrent Liabilities : Paycheck Protection Program and SBA (Details)	Mar. 31, 2021USD ($)
Loan payable	$ 482,737
PPP loan
Loan payable	332,837
EIDL
Loan payable	$ 149,900

Note 9 - Debts and Other Nonc_5

Note 9 - Debts and Other Noncurrent Liabilities : Loans from National Life Group (Details)	9 Months Ended
	Mar. 31, 2021USD ($)
Loan payable	$ 482,737
National Life Distribution, LLC
Loan payable	4,750,948
National Life Distribution, LLC | Revolving Line of Credit
Loan payable	4,389,047
Line of credit, maximum borrowing capacity	$ 5,000,000
Maturity date	Dec. 20, 2023
Interest rate	11.00%
National Life Distribution, LLC | Promissory note
Loan payable	$ 361,901
Maturity date	Nov. 30, 2020
Interest rate	10.00%
Periodic payment	$ 5,000
Frequency of payment	Weekly

Note 9 - Debts and Other Nonc_6

Note 9 - Debts and Other Noncurrent Liabilities : Future Maturities (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Payables and Accruals [Abstract]
2021	$ 361,901
2022	482,737
2023	4,389,047
Subtotal	5,233,685
Less: current portion	(436,901)
Long-term portion of debt	$ 4,796,784	$ 0

Note 10 - Operating Leases _ Sc

Note 10 - Operating Leases : Schedule of future aggregate minimum lease payments (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020	Jul. 02, 2019
Disclosure Text Block [Abstract]
2021	$ 368,366
2022	376,496
2023	295,240
2024	288,050
2025	245,903
Remaining periods	762,394
Total future minimum lease payments	2,336,449
Less: imputed interest	(472,940)
Total	1,863,509		$ 291,753
Current portion of operating lease	275,958	$ 45,957
Long term portion of operating lease	$ 1,587,551	$ 293,664

Note 11 - Capital Stock (Detail

Note 11 - Capital Stock (Details) - USD ($)	May 13, 2020	Aug. 19, 2020	Jul. 30, 2020	Sep. 30, 2019	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020	Aug. 29, 2019	Jun. 30, 2019	Jun. 22, 2018	Jun. 30, 2015
Common Stock, Shares Authorized					500,000,000				500,000,000		500,000,000	500,000,000
Preferred Stock, Shares Authorized					50,000,000				50,000,000		50,000,000	50,000,000
Preferred Stock, Par or Stated Value Per Share					$ 0.001				$ 0.001		$ 0.001			$ 0.001
Reverse stock split	Reverse split on the outstanding shares of the Company’s common stock on a one-for-20 basis		Reverse split on the outstanding shares of the Company’s common stock on a one-for-20 basis
Proceeds from private placements									$ 450,000	$ 350,000
Stock issued upon settlement of certain liabilities									52,571
Liability settlement									$ 45,000
Stock based compensation									$ 20,177
Share price					$ 1				$ 1
Options unvested											0		0
Options outstanding intrinsic value											$ 0		$ 0
Options terminated									25,000
Stock Retired				9,093,888
Sale Price				$ 869,380				$ (909,389)
Offset Lease Receivable				$ 40,000
2015 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award									The Incentive Plan is administered by the Board unless a separate delegation to an administrator is made by the Board. Options granted under the Incentive Plan carry a maximum term of 10 years, except to a grantee who is also a 10% beneficial owner at the time of grant, in which case the maximum term is 5 years.
Shares authorized under plan					100,000				100,000
Granted options to purchase									100,000
Term									10 years
Option exercised									75,000
Option Vested									25,000
2015 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award									The Stock Plan allows for the issuance of up to a maximum of 100,000 shares of Common Stock of the Company. The Stock Plan is administered by the Board unless a separate delegation to an administrator is made by the Board.
Series A Convertible Preferred Stock
Preferred Stock, Shares Authorized															5,000,000
Preferred Stock, Par or Stated Value Per Share															$ 0.001
Bombshell Technologies
Shares issued for acquisition						110,675,328
Officers And Directors
Stock issued for share based compensation									832,913
Stock based compensation									$ 937,346
Unregistered Restricted Stock [Member]
Shares issued for acquisition		9,358,185
Stock issued for private placement, shares					1,500,000	75,000	3,277,778
Proceeds from private placements					$ 375,000	$ 75,000	$ 200,000
Proceeds from subscription receivable						$ 35,000	$ 150,000
Stock issued upon settlement of certain liabilities							1,288,984
Liability settlement							$ 91,433
Stock based compensation							$ 23,230
Officers And Directors
Stock issued for share based compensation							3,175,948
Stock based compensation							$ 290,882

Note 12 - Related Party Trans_3

Note 12 - Related Party Transactions (Details) - USD ($)	May 15, 2020	Feb. 12, 2020	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2021
Unregistered Restricted Stock [Member]
Stock Issued During Period, Shares, Restricted Stock			75,000
Proceeds from issuance of stock			$ 75,000
Third Parties and Related Entities
Stock Issued During Period, Shares, Restricted Stock					500,000
Proceeds from issuance of stock					$ 125,000
Carl Sanko
Stock issued for service, value			$ 20,000
Officers And Directors
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures					832,913
Stock based compensation					$ 937,346
Consulting Agreement | Trevor Hall [Member]
Restricted common stock issued for consulting fees		60,000
Compensation Agreement | Terry Kennedy [Member]
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures				50,000
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures				$ 44,040
Additional unregistered restricted shares issued					50,000
Fee Agreements | Jonathan Bonnette
Fixed fees description	Mr. Bonnette received a fixed fee of $320,000 for his service as Chief Executive Officer of the Company and for outside business management and consulting services of which 1/3, or $106,667 was immediately payable. by way of anupfront payment of $133,333 unregistered, restricted shares of Common Stock valued at $113,017 and deemed to cover the three-month period from May 15, 2020 to August 15, 2020.The balance of Mr. Bonnette’s compensation of $213,333 will vest monthly but be paid in shares of Common Stock quarterly in installments of $71,111 within 10 days following each of thethree-month periods ending of November 15, 2020, February 15, 2021, and May 15, 2021.
Fee Agreements | Carl Sanko
Fixed fees description	Mr. Sanko received a fixed fee of $270,000 for his services as Secretary of the Company and foroutside business management and consulting services, of which 1/3 or $90,000 was immediately payable by way of an upfront payment of 112,500 unregistered, restricted shares of Common Stock valued at $95,400and deemed to cover the three-month period fromMay 15, 2020 to August 15, 2020; The balance of Mr. Sanko’s compensation of $180,000 will vest monthly but be paid in shares of Common Stock in quarterly in installments of $60,000 within 10 days following each of the three-month periods ending of November 15, 2020, February 15, 2021, and May 15, 2021.

Note 12 - Related Party Trans_4

Note 12 - Related Party Transactions: Revenue from related parties (Details) - USD ($)		3 Months Ended		9 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Revenues from related party		$ 15,085	$ 534,607	$ 485,528	$ 1,657,909
Appreciation Financial
Revenues from related party	[1],[2]	0	195,065	101,217	586,154
Public Employee Retirement Assistance
Revenues from related party	[1],[2]	0	47,261	74,856	187,189
Superior Performers
Revenues from related party	[1]	0	180,916	240,106	649,829
Others
Revenues from related party		$ 15,085	$ 111,365	$ 69,349	$ 234,737
[1]	The Company had a significant concentration of revenue from these three related party customers totaling 0% and 86% in the three and nine months ended March 31, 2021 and, 79% and 86% of gross related party revenues during the three and nine months ended March 31, 2020, respectively. Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.
[2]	The amounts included in this table are for periods prior to the entity being consolidated/combined. The amounts in the periods shown from August 20, 2020 and forwad include intercompany eliminations due to consolidation.

Note 12 - Related Party Trans_5

Note 12 - Related Party Transactions: Accounts receivable from related parties (Details) - USD ($)		Mar. 31, 2021	Jun. 30, 2020
Accounts receivable from related parties		$ 20,418	$ 249,057
Appreciation Financial
Accounts receivable from related parties	[1]	0	140,289
Public Employee Retirement Assistance
Accounts receivable from related parties	[1]	0	49,737
Superior Performers
Accounts receivable from related parties	[1]	4,701	58,061
Other
Accounts receivable from related parties		$ 15,717	$ 970
[1]	The Company had a significant concentration of accounts receivable from these three customers totaling 99% as at June 30, 2020. Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.

Note 12 - Related Party Trans_6

Note 12 - Related Party Transactions: Costs of sales from related parties (Details) - USD ($)		3 Months Ended		9 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Cost of sale, related parties		$ 1,800	$ 0	$ 1,800	$ 186,354
Trendsic Corporation
Cost of sale, related parties	[1],[2]	0	0	0	178,799
Ambiguous Holdings
Cost of sale, related parties	[1],[2]	0	0	0	7,555
Others
Cost of sale, related parties		$ 1,800	$ 0	$ 1,800	$ 0
[1]	Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.
[2]	The Company had a significant concentration of total costs of goods sold from these two related party vendors totaling 0% and 100% of related party costs of goods sold in the three and nine months ended March 31, 2020, respectively.

Note 12 - Related Party Trans_7

Note 12 - Related Party Transactions: General and administrative related parties (Details) - USD ($)		3 Months Ended		9 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
General and administrative - related parties		$ 574,571	$ 56,819	$ 1,597,843	$ 167,261
Zeake
General and administrative - related parties	[1]	$ 47,237	$ 56,819	$ 156,679	$ 167,260
[1]	Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.

Note 12 - Related Party Trans_8

Note 12 - Related Party Transactions: Accounts payable to related parties (Details) - USD ($)		Mar. 31, 2021	Jun. 30, 2020
Accounts payable to related parties		$ 118,045	$ 140,463
Trendsic Corporation
Accounts payable to related parties	[1]	0	61,948
Zeake
Accounts payable to related parties	[1]	$ 118,045	$ 78,515
[1]	Related entities are controlled by over 5% shareholders of the Company and/or officer/directors of the Company.

Note 12 - Related Party Trans_9

Note 12 - Related Party Transactions: Costs of sales - related parties (Details) - USD ($)	3 Months Ended	4 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Cost of sale, related parties	$ 912,538	$ 2,409,367
Pera Wizards, LLC
Cost of sale, related parties	591,142	1,514,984
Wingbrook Partners, LLC
Cost of sale, related parties	$ 321,396	$ 894,385

Note 12 - Related Party Tran_10

Note 12 - Related Party Transactions: General and administratives related parties (Details) - USD ($)	3 Months Ended	4 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
General and administrative - related parties	$ 130,589	$ 349,122
Management fee
General and administrative - related parties	55,519	147,250
Commission fee
General and administrative - related parties	$ 75,070	$ 201,872

Note 12 - Related Party Tran_11

Note 12 - Related Party Transactions : Appreciation Financial LLC (Details) - USD ($)	3 Months Ended		4 Months Ended	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Cost of sale, related parties	$ 912,538		$ 2,409,367
General and administrative - related parties	574,571	$ 56,819		$ 1,597,843	$ 167,261
Accounts payable to related parties	118,045			118,045		$ 140,463
Appreciation Financial LLC
Cost of sale, related parties	24,315		77,128
General and administrative - related parties	376,745		$ 1,072,042
Accounts payable to related parties	$ 201,252			$ 201,252

Note 13 - Segment Reporting_ Sc

Note 13 - Segment Reporting: Schedule of Segment Reporting Information, by Segment (Details) - USD ($)		3 Months Ended		9 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Total Assets		$ 3,501,244		$ 3,501,244		$ 1,913,258
Revenue		8,071,476	$ 565,314	21,581,491	$ 1,800,739
Total segment profit		(807,556)	(593,167)	(2,626,252)	(1,725,340)
Bombshell
Total Assets		999,879		999,879		1,117,341
Revenue	[1]	161,309	565,314	791,512	1,800,739
Total segment profit		(578,150)	(594,824)	(1,491,687)	(1,725,340)
PERA LLC
Total Assets		392,331		392,331		0
Revenue		1,395,747	0	3,520,406	0
Total segment profit		51,389	0	(56,360)	0
Appreciation Financial LLC
Total Assets		2,109,034		2,109,034		0
Revenue		6,514,420	0	17,269,573	0
Total segment profit		(280,795)	$ 0	(1,078,205)	$ 0
Assets held for sale [Member]
Total Assets		$ 0		$ 0		$ 795,917
[1]	Excludes discontinued operations related to assets held for sale

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Details)	Dec. 13, 2019USD ($)
Disclosure Text Block [Abstract]
Unspecified damages	$ 75,000
Accrued settlement liabilities	$ 494,458

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details) - USD ($)	May 15, 2021	May 14, 2021	Apr. 07, 2021	Apr. 01, 2021	May 15, 2020	May 20, 2021	Apr. 19, 2021	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020
Proceeds from private placement									$ 450,000	$ 350,000
Carl Sanko
Stock issued for service, value								$ 20,000
Carl Sanko | Fee Agreements
Fixed fees description					Mr. Sanko received a fixed fee of $270,000 for his services as Secretary of the Company and foroutside business management and consulting services, of which 1/3 or $90,000 was immediately payable by way of an upfront payment of 112,500 unregistered, restricted shares of Common Stock valued at $95,400and deemed to cover the three-month period fromMay 15, 2020 to August 15, 2020; The balance of Mr. Sanko’s compensation of $180,000 will vest monthly but be paid in shares of Common Stock in quarterly in installments of $60,000 within 10 days following each of the three-month periods ending of November 15, 2020, February 15, 2021, and May 15, 2021.
Jonathan Bonnette | Fee Agreements
Fixed fees description					Mr. Bonnette received a fixed fee of $320,000 for his service as Chief Executive Officer of the Company and for outside business management and consulting services of which 1/3, or $106,667 was immediately payable. by way of anupfront payment of $133,333 unregistered, restricted shares of Common Stock valued at $113,017 and deemed to cover the three-month period from May 15, 2020 to August 15, 2020.The balance of Mr. Bonnette’s compensation of $213,333 will vest monthly but be paid in shares of Common Stock quarterly in installments of $71,111 within 10 days following each of thethree-month periods ending of November 15, 2020, February 15, 2021, and May 15, 2021.
Subsequent Event [Member] | Carl Sanko
Stock issued for service, value				$ 20,000
Subsequent Event [Member] | Carl Sanko | Fee Agreements
Fixed fees description	Mr. Sanko received a fixed fee of $270,000 for his services as Secretary of the Company and for outside business management and consulting services, of which 1/3 or $90,000 was immediately payable by way of an upfront payment of unregistered, restricted shares of Common Stock deemed to cover the three-month period from May 15, 2021 to August 15, 2021; The balance of Mr. Sanko’s compensation of $180,000 will vest monthly but be paid in shares of Common Stock in quarterly in installments of $60,000 within 10 days following each of the three-month periods ending of November 15, 2021, February 15, 2022, and May 15, 2022.
Subsequent Event [Member] | Terry Kennedy [Member]
Restricted common shares issued		50,000		50,000
Subsequent Event [Member] | Trevor Hall [Member]
Monthly compensation fees				$ 5,000
Subsequent Event [Member] | Officers And Directors
Restricted common shares issued			107,257
Subsequent Event [Member] | Consultant [Member] | Consulting Agreement
Restricted common shares issued							3,174
Stock issued for service, value							$ 12,000
Subsequent Event [Member] | Related parties
Restricted common shares issued		600,000
Proceeds from private placement		$ 150,000
Subsequent Event [Member] | Jonathan Bonnette | Fee Agreements
Fixed fees description	Mr. Bonnette received a fixed fee of $320,000 for his service as Chief Executive Officer of the Company and for outside business management and consulting services of which 1/3, or $106,667 is immediately payable by way of the issuance of unregistered, restricted shares of Common Stock and deemed to cover the three-month period from May 15, 2021to August 15, 2021. The balance of Mr. Bonnette’s compensation of $213,333 will vest monthly but be paid in shares of Common Stock quarterly in installments of $71,111 within 10 days following each of the three-month periods ending of November 15, 2021, February 15, 2022, and May 15, 2022.
Subsequent Event [Member] | Director
Restricted common shares issued						53,406
Subsequent Event [Member] | Two Ofiicers
Restricted common shares issued						191,327
Subsequent Event [Member] | Two Ofiicers Concurrent
Restricted common shares issued						226,758