Leafbuyer (LBUY) 10-K 24 Sep 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2019	Sep. 23, 2019	Dec. 31, 2018
Document And Entity Information
Entity Registrant Name	LEAFBUYER TECHNOLOGIES, INC.
Entity Central Index Key	0001643721
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--06-30
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Common Stock Shares Outstanding		78,220,286
Entity Public Float			$ 10,053,553

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Current assets:
Cash and cash equivalents	$ 181,647	$ 375,938
Accounts receivable (net of allowance for doubtful accounts of $53,815 and $6,617, respectively)	68,821	8,279
Inventory	1,230	3,530
Prepaid expenses and other current assets	129,323	172,566
Total current assets	381,021	560,313
Noncurrent assets:
Fixed assets, net	3,534,174	873
Total assets	3,915,195	561,186
Current liabilities:
Accounts Payable	290,032	290,783
Accrued liabilities	530,968	66,087
Deferred revenue	275,624	156,530
Debt, current	2,182,247	805,684
Total current liabilities	3,278,871	1,319,084
Total liabilities	3,278,871	1,319,084
Commitments and contingencies (Note 6)
Equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 3,000,000 and 3,000,000 shares issued and outstanding for class A convertible preferred stock and 1,120,000 and 1,120,000 shares issued and outstanding for class B convertible preferred stock at June 30, 2019 and June 30, 2018, respectively	4,120	4,120
Common stock, $0.001 par value; 150,000,000 shares authorized; 47,914,967 shares issued and outstanding at June 30, 2019 and 42,661,228 shares issued and outstanding at June 30, 2018, respectively	47,915	42,661
Additional paid in capital	11,076,165	3,133,531
Accumulated deficit	(10,491,876)	(3,938,210)
Total equity (deficit)	636,324	(757,898)
Total liabilities and equity	$ 3,915,195	$ 561,186

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Current assets:
Allowance for doubtful accounts receivable	$ 53,815	$ 6,617
Equity:
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	47,914,967	42,661,228
Common stock, shares outstanding	47,914,967	42,661,228
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	3,000,000	3,000,000
Preferred stock, shares outstanding	3,000,000	3,000,000
Class A Convertible Preferred Stock [Member]
Equity:
Preferred stock, shares issued	1,120,000	1,120,000
Preferred stock, shares outstanding	1,120,000	1,120,000
Class B Convertible Preferred Stock [Member]
Equity:
Preferred stock, shares issued	1,120,000	1,120,000
Preferred stock, shares outstanding	1,120,000	1,120,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Consolidated Statements of Operations
Sales revenue	$ 1,789,823	$ 1,128,245
Cost of sales
Gross profit	1,789,823	1,128,245
Operating expenses:
Selling expenses	280,961	206,831
General and administrative	7,382,985	3,870,548
Total operating expenses	7,663,946	4,077,379
Loss from operations	(5,874,123)	(2,949,134)
Other income (expense):
Interest expense	(679,543)	(35,541)
Other income		5,000
Other income (expense), net	(679,543)	(30,541)
Net loss	$ (6,553,666)	$ (2,979,675)
Net loss per common share:
Basic and diluted	$ (0.15)	$ (0.07)
Weighted average common shares outstanding:
Basic and diluted	44,900,459	39,905,933

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net loss	$ (6,553,666)	$ (2,979,675)
Adjustments to reconcile net income to net cash used in operating activities
Stock based compensation	2,285,543	810,962
Stock issued for services	48,690	280,850
Amortization of note payable discount	573,371
Depreciation	389,257	627
Changes in assets and liabilities:
Accounts receivable	(60,542)	(8,279)
Inventory	2,300	(3,530)
Prepaid expenses and other	43,243	(141,699)
Accounts payable and accrued liabilities	(751)	311,821
Other assets and liabilities, net	383,975	100,997
Net cash used in operating activities	(2,888,580)	(1,627,926)
Cash flows from investing activities:
Intangible assets	(922,558)
Net cash provided by (used in) investing activities	(922,558)
Cash flows from financing activities:
Proceeds from issuance of stock	1,136,847	1,033,500
Proceeds from issuance of debts	2,700,000	805,684
Repayment of debt	(220,000)
Net cash provided by financing activities	3,616,847	1,839,184
Net change in cash and cash equivalents	(194,291)	211,258
Cash and cash equivalents, beginning of period	375,938	164,680
Cash and cash equivalents, end of period	181,647	375,938
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest
Cash paid for taxes
Conversion of preferred stock		2,880
Issuance of Common stock for acquisition of intangible assets	2,800,000
Issuance of Common stock for conversion of notes payable and accrued interest	$ 460,336

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)	Total	Preferred Stock	Common Stock	Acc Deficit	APIC
Balance, shares at Jun. 30, 2017		7,000,000	38,000,663
Balance, amount at Jun. 30, 2017	$ 96,465	$ 7,000	$ 38,000	$ (958,535)	$ 1,010,000
Net Income (Loss)	(2,979,675)			(2,979,675)
Issuance of common stock in conversion of preferred stock, shares		(2,880,000)	2,880,000
Stock based compensation	810,962			$ 810,962
Issuance of common stock for cash, shares			1,589,565
Issuance of common stock in conversion of preferred stock, amount		$ (2,880)	$ 2,880
Issuance of comon stock for services, shares			137,000
Issuance of comon stock for services, amount	$ 280,850		$ 137		280,713
Issuance of common stock for exercise of options, shares	(54,000)		54,000
Issuance of common stock for exercise of options, amount	$ 13,500		$ 54		13,446
Issuance of common stock for cash, amount	$ 1,020,000		$ 1,590		$ 1,018,410
Balance, shares at Jun. 30, 2018		4,120,000	42,661,228
Balance, amount at Jun. 30, 2018	$ (757,898)	$ 4,120	$ 42,661	$ (3,938,210)	$ 3,133,531
Net Income (Loss)	(6,553,666)			$ (6,553,666)
Stock based compensation	$ 2,285,543				2,285,543
Issuance of common stock for acquisition, shares			2,916,667
Issuance of common stock for convertible note payable, shares			657,623
Issuance of common stock in conversion of notes payable and accrued interest, shares			123,324
Issuance of common stock for cash, shares			1,116,738
Issuance of comon stock for services, shares	62,000		72,000
Issuance of comon stock for services, amount	$ 48,690		$ 72		48,618
Issuance of common stock for exercise of options, shares	(367,387)		367,387
Issuance of common stock for exercise of options, amount	$ 91,847		$ 367		91,480
Issuance of warrant for convertible note payable	257,171				257,171
Issuance of common stock in conversion of notes payable and accrued interest, amount	119,923		123		119,800
Issuance of common stock for acquisition, amount	2,800,000		2,917		2,797,083
Beneficial Conversion Feature of Notes Payable	839,378				839,378
Issuance of common stock for convertible note payable, amount	460,336		658		459,678
Issuance of common stock for cash, amount	$ 1,045,000		$ 1,117		$ 1,043,883
Balance, shares at Jun. 30, 2019		4,120,000	47,914,967
Balance, amount at Jun. 30, 2019	$ 636,324	$ 4,120	$ 47,915	$ (10,491,876)	$ 11,076,165

Description of Business

Description of Business	12 Months Ended
	Jun. 30, 2019
Description of Business
Note 1 - Description of Business	Formation of the Company On March 23, 2017, AP Event Inc. (“AP” or the “Registrant”) consummated an Agreement and Plan of Merger (the “Merger Agreement”) with LB Media Group, LLC, a Colorado limited liability Company (“LB Media”), August Petrov (the principal stockholder of AP), and LB Acquisition Corp., a Colorado corporation and a wholly-owned subsidiary of AP (“Acquisition”) whereby Acquisition was merged with and into LB Media (the “Merger”). (See Note 3) As a result of the Merger, LB Media became a wholly-owned subsidiary of the Registrant, and immediately following the consummation of the Merger and giving effect to the securities sold in the Offering, the members of LB Media beneficially owned approximately fifty-five percent (55%) of the issued and outstanding Common Stock of the Registrant. The Merger Agreement contains customary representations, warranties, and covenants of the Registrant and LB Media for like transactions. As a result of the reorganization and name change discussed later, Leafbuyer Technologies, Inc. (“Leafbuyer”) became the publicly quoted parent holding company with LB Media becoming a wholly owned subsidiary of Leafbuyer. Upon consummation of the Agreement, Leafbuyer common stock was deemed to be registered under Section 12(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 12g-3(a) promulgated thereunder. For purposes of Rule 12g-3(a), Leafbuyer is the successor issuer to AP. AP was established under the corporation laws in the State of Nevada on October 16, 2014. On March 24, 2017, the Registrant changed its name to Leafbuyer Technologies, Inc. All references herein to “us,” “we,” “our,” “Leafbuyer,” or the “Company” refer to Leafbuyer Technologies, Inc. and its subsidiary, LB Media. Description of Business We are focused on providing valuable information for the savvy cannabis consumer looking to make a purchase via deals and a dispensary database. We connect consumers with dispensaries by working alongside businesses to showcase their unique products and build a network of loyal patrons. Our national network of cannabis deals and information reaches millions of consumers monthly. LB Media was founded in 2012 by a group of technology and industry veterans and provides online resources for cannabis deals and specials. Our headquarters is located in Greenwood Village, Colorado. Basis of Presentation Our financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The preparation of our financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Although these estimates are based on our knowledge of current events and actions we may undertake in the future, actual results may ultimately differ from these estimates and assumptions. Furthermore, when testing assets for impairment in future periods, if management uses different assumptions or if different conditions occur, impairment charges may result. Going Concern As shown in the accompanying financial statements, we had an equity balance of $636,324 and a working capital balance of ($2,897,850) as of June 30, 2019. We reported a net loss of $6,553,666 for the year ended June 30, 2019, and we anticipate our monthly cash requirements to fund our operating activities to be approximately $150,000. Accordingly, there is substantial doubt about our ability to continue as a going concern within one year after the date the financial statements are issued. Our ability to continue as a going concern is dependent upon our generating profitable operations in the future and / or obtaining the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Management believes that actions presently being taken to further implement our business plan of expansion of products, geographical locations we sell our services and deeper market penetration will generate additional revenues and eventually positive cash flow and provide opportunity for the Company to continue as a going concern. While we believe in the viability of our strategy to generate additional revenues and our ability to raise additional funds, there can be no assurances to that effect.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2019
Summary of Significant Accounting Policies
Note 2 - Summary of Significant Accounting Policies	Significant Accounting Policies Fair Value Measurements The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value, and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, and debt are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The Company has no assets or liabilities valued at fair value on a recurring basis. Revenue Recognition The Company follows the guidance of the Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers” which is effective as of the annual reporting period beginning after December 15, 2017 using either of two methods: (1) retrospective application of Topic 606 to each prior reporting period presented with the option to elect certain practical expedients as defined within Topic 606 or (2) retrospective application of Topic 606 with the cumulative effect of initially applying Topic 606 recognized at the date of initial application and providing certain additional disclosures as defined per Topic 606. We adopted Topic 606 pursuant to the method (2) and we determined that any cumulative effect for the initial application did not require an adjustment to retained earnings at July 1, 2018. For revenue recognition arrangements that we determine are within the scope of Topic ASC 606, we perform the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. We only apply the five-step model to arrangements that meet the definition of a contract under Topic 606, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, we evaluate the goods or services promised within each contract related performance obligation and assess whether each promised good or service is distinct. We then recognize as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. We recognize revenue upon completion of our performance obligations or expiration of the contractual time to use services such as bulk texting. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, LB Media. All significant inter-company transactions and balances have been eliminated in consolidation. Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, cash includes demand deposits, time deposits, certificates of deposit, and short-term liquid investments with original maturities of three months or less when purchased. As of June 30, 2019 and 2018, the Company did not hold any cash equivalents. The Federal Deposit Insurance Corporation provides coverage for all accounts of up to $250,000. As of June 30, 2019 and 2018, none of the Company’s cash was in excess of federally insured limits. Accounts Receivable, Net Accounts receivable are stated at the amount management expects to collect. An allowance for doubtful accounts is recorded, as a charge to bad debt expense, where collection is considered to be doubtful due to credit issues. These allowances together reflect the Company’s estimate of potential losses inherent in accounts receivable balances, based on historical loss and known factors impacting its customers. Management has determined that there was a $53,815 and $6,617 allowance required for the years ended June 30, 2019 and 2018, respectively. The Company does not accrue interest on past due receivables. Inventory Inventory consists of merchandise and is stated at the lower of cost, determined by last-in, first-out method or market. Market is determined based on the net realizable value, with appropriate consideration given to obsolescence, excessive levels, deterioration and other factors. At June 30, 2019 and 2018, the Company had $1,230 and $3,530 of inventory, respectively. A reserve is recorded for any inventory deemed excessive or obsolete. No reserve is considered necessary at June 30, 2019 and 2018. Use of Estimates Management uses estimates and assumptions in preparing these consolidated financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Examples of estimates include loss contingencies; useful lives of our tangible and intangible assets; allowances for doubtful accounts; and stock-based compensation forfeiture rates. Examples of assumptions include: the elements comprising a software arrangement, including the distinction between upgrades or enhancements and new products; when technological feasibility is achieved for our products; the potential outcome of future tax consequences of events that have been recognized in our financial statements or tax returns. Actual results could differ from those estimates. Reclassifications Certain reclassifications have been made to the financial statements as of and for the year ended June 30, 2018 to conform to the presentation as of and for the year ended June 30, 2019. Internal Use Software The Company capitalizes certain development costs related to upgrades and enhancements to its cloud commerce platform when it is probable the expenditures will result in additional functionality. Such development costs are capitalized when the preliminary project stage is completed and it is probable that the project will be completed and the software will be used to perform the function intended. These capitalized costs include external direct costs of services consumed in developing or obtaining internal-use software and personnel and related expenses for employees who are directly associated with and who devote time to internal-use software projects. Capitalization of these costs cease once the project is substantially complete and the software is ready for its intended purpose. Post configuration training and maintenance costs are expensed as incurred. Capitalized internal use software costs are recorded as part of fixed assets and amortized using a straight-line method, over the estimated useful life of the software, generally three to seven years, commencing when the software is ready for its intended use. Impairment Assessment of Long-Lived Assets The Company reviews identified intangible assets and long-lived assets to be held-and-used for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. If the sum of the undiscounted expected future cash flows over the remaining useful life of a long-lived asset is less than its carrying amount, the asset is considered to be impaired. Impairment losses are measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset. When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risks associated with the recovery of the asset. As of June 30, 2019 and 2018, there were no impairments of intangible assets. Convertible Debt and Securities The Company follows beneficial conversion feature guidance in ASC 470-20, which applies to convertible stock as well as convertible debt. A beneficial conversion feature is defined as a nondetachable conversion feature that is in the money at the commitment date. The beneficial conversion feature guidance requires recognition of the conversion option's in-the-money portion, the intrinsic value of the option, in equity, with an offsetting reduction to the carrying amount of the instrument. The resulting discount is amortized as interest over the life of the instrument, if a stated maturity date exists, or to the earliest conversion date, if there is no stated maturity date. If the earliest conversion date is immediately upon issuance, the expense must be recognized at inception. When there is a subsequent change to the conversion ratio based on a future occurrence, the new conversion price may trigger the recognition of an additional beneficial conversion feature on occurrence. Stock-Based Compensation The Company accounts for stock-based awards to employees in accordance with applicable accounting principles, which requires compensation expense related to share-based transactions, including employee stock options, to be measured and recognized in the financial statements based on a determination of the fair value of the stock options. The grant date fair value is determined using the Black-Scholes-Merton (“Black-Scholes”) pricing model. For all employee stock options, we recognize expense over the requisite service period on an accelerated basis over the employee’s requisite service period (generally the vesting period of the equity grant). The Company’s option pricing model requires the input of highly subjective assumptions, including the expected stock price volatility and expected term. Any changes in these highly subjective assumptions significantly impact stock-based compensation expense. Options awarded to purchase shares of common stock issued to non-employees in exchange for services are accounted for as variable awards in accordance with applicable accounting principles. Such options are valued using the Black-Scholes option pricing model. See Note 8 for the assumptions used to calculate the fair value of stock-based employee and non-employee compensation. The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of ASC 505-50 Equity-Based Payments to Non-Employees Earnings or Loss per Share Basic earnings or loss per share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised. We have prepared the calculation of earnings or loss per share using the weighted-average number of common shares of the Company that were outstanding for the years ended June 30, 2019 and 2018. Dilutive instruments had no effect on the calculation of earnings or loss per share during the years ended June 30, 2019 and 2018. Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences 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 results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. As of June 30, 2019, the Company had approximately $10,818,000 of net operating loss carry forward that was unrecognized tax benefits. Under Internal Revenue Code 382, if a corporation undergoes an “ownership change,” the corporation’s ability to use its pre-change NOL carryforwards and other pre-change tax attributes to offset its post-change income may be limited. We have not completed a study to assess whether an “ownership change” has occurred or whether there have been multiple ownership changes since we became a “loss corporation” as defined in Section 382. Future changes in our stock ownership, which may be outside of our control, may trigger an “ownership change”. In addition, future equity offerings or acquisitions that have equity as a component of the purchase price could result in an “ownership change.” If an “ownership change” has occurred or does occur in the future, utilization of the NOL carryforwards or other tax attributes may be limited, which could potentially result in increased future tax liability to us. ASC Topic 740 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. There are no material uncertain tax positions at June 30, 2019, other than as disclosed in Note 6. On December 22, 2017, the U.S. government enacted the Tax Act, which made significant changes to the Internal Revenue Code of 1986, as amended, including, but not limited to, reducing the U.S. corporate statutory tax rate and the net operating loss incurred after December 31, 2017 can be carried forward indefinitely and the two year net operating loss carried back was eliminated (prohibited). Recently Issued Accounting Pronouncements In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842), which supersedes the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. In July 2018, the FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases.” The amendments in ASU 2018-10 clarify, correct or remove inconsistencies in the guidance provided under ASU 2016-02 related to sixteen specific issues identified. Also in July 2018, the FASB issued ASU No. 2018-11 “Leases (Topic 842): Targeted Improvement” which now allows entities the option of recognizing the cumulative effect of applying the new standard as an adjustment to the opening balance of retained earnings in the year of adoption while continuing to present all prior periods under previous lease accounting guidance. The effective date and transition requirements for these two ASUs are the same as the effective date and transition requirements as ASU 2016-02. The standard will be effective for the Company for the fiscal year beginning July 1, 2019. The adoption of this standard will increase assets and liabilities by approximately $409,900, which will be accreted over the remainder of the lease agreements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, which clarifies the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard will be effective for the Company in the first quarter of 2020. The adoption of this standard does not have a material impact on the consolidated financial statements. In June 2018, the FASB issued ASU 2018-07, which simplifies the accounting for non-employee share-based payment transactions. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The standard will be effective in the first quarter of fiscal year 2019, although early adoption is permitted. The adoption of this standard does not have a material impact on the consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), No other recent accounting pronouncements were issued by FASB and the SEC that are believed by management to have a material impact on the Company’s present or future condensed consolidated financial statements.

Property and Equipment

Property and Equipment	12 Months Ended
	Jun. 30, 2019
Property and Equipment
Note 3 - Property and Equipment	Property and equipment consist of the following: June 30, 2019 June 30, 2018 Software platform $ 3,922,558 $ - Furniture and fixtures 1,500 1,500 Less accumulated amortization (389,884 ) (627 ) Property and equipment, net $ 3,534,174 $ 873 On November 6, 2018, the Company acquired a customer facing software (“Loyalty Software”) through a Stock Purchase Agreement, where the Company acquired all the issued and outstanding capital stock of Greenlight Technologies, Inc. (“GTI”) from its shareholders. At the time of the transaction, there were no employees working for GTI, no systems and no assets, other than the Loyalty Software. GTI’s legal entity will be dissolved in the transition and the Loyalty Software will be assumed by the Company. Management determined that the purchase of GTI did not constitute a business purchase and recorded the transaction as a purchase of software. The consideration for the Loyalty Software was 2,666,667 shares of common stock, par value $0.001 per share and cash of approximately $450,000. Total value of the Loyalty Software was estimated at approximately $3,010,000. The additional consideration for future developments will be evaluated and considered enhancements which will either be capitalized to the software or expensed as research and development costs. The additional Incentive Shares is approximately $1,152,000. During the year ended June 30, 2019 the Company capitalized approximately $912,558 of software enhancements. GTI provides cannabis consumers real-time mobile ordering and loyalty rewards through an internally developed application that integrates with the local dispensary’s point of sale system. The Company plans to fully integrate this technology into the current platform and create an “Ultimate Bundle” of services for the cannabis industry. The current revenues of GTI are minimal, and the Company expects higher sales in the California market as the system is fully integrated. During the year ended June 30, 2019, the Company capitalized approximately $3.9 million of software acquisition costs. Amortization expense related to internal use software totaled $388,752 during the year ended June 30, 2019. There was no software capitalized or amortized during the year end June 30, 2018. During the years ended June 30, 2019 and 2018, the Company expensed approximately $212,209 and $499,876, respectively.

Capital Stock and Equity Transa

Capital Stock and Equity Transactions	12 Months Ended
	Jun. 30, 2019
Capital Stock and Equity Transactions
Note 4 - Capital Stock and Equity Transactions	The Company has 150,000,000 shares of common stock authorized with a par value of $0.001 per share as of June 30, 2019. In addition, the Company has 10,000,000 preferred stock authorized with a par value of $0.001 per share as of June 30, 2019. On April 19, 2018, the Company entered into a Standby Equity Distribution Agreement (the “SEDA”) with YA II PN Ltd. (“Investor”), a Cayman Island exempt limited partnership and an affiliate of Yorkville Advisors Global, LLC, whereby the Company sold and the Investor purchased 869,565 shares (the “Initial Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”) for the purchase price of One Million Dollars ($1,000,000), Additionally, under the SEDA the Company may sell to the Investor up to $5 million of shares of Common Stock over a two-year commitment period. Under the terms of the SEDA, the Company may from time to time, in its discretion, sell newly issued shares of its common stock to the Investor at a discount to market of 8% of the lowest daily volume weighted average price during the relevant pricing period. The Company is obligated to register the Initial Shares, the Commitment Shares (as defined below), and the shares of Common Stock issuable under the SEDA pursuant to a registration statement under the Securities Act of 1933, as amended (the “Securities Act”). The Company is not obligated to utilize any portion of the SEDA and there are no minimum commitments or minimum use penalties provided the Company does not terminate the SEDA within 18 months wherein the Company would be required to pay a termination fee of $100,000. The Company issued One Hundred Thousand (100,000) shares of Common Stock as a commitment fee (the “Commitment Shares”) to an affiliate of the Investor. The total amount of funds that ultimately can be raised under the SEDA over the two-year term will depend on the market price for the Company’s common stock and the number of shares actually sold. Series A Convertible Preferred Stock was originally convertible into 3,000,000 common shares based on the total outstanding equity as of March 23, 2017. As of June 30, 2019, the Series A Convertible Preferred Stock would be convertible into approximately 5,371,630 common shares, based on 47,914,967 common shares outstanding as of June 30, 2019. The Series B Convertible Preferred Stock is convertible into 1,480,000 common shares. The SEDA does not impose any restrictions on the Company’s operating activities. During the term of the SEDA, the Investor is prohibited from engaging in any short selling or hedging transactions related to the Common Stock. In connection with the SEDA, the Company engaged Garden State Securities, Inc. (“GSS”) as its exclusive selling/placement agent. In connection with the transactions set forth in the SEDA, GSS shall receive a fee equal to 10% of the purchase price of the Initial Shares in cash plus warrants to purchase 86,957 shares of Common Stock at an exercise price of $1.15 per share, expiring in five years. GSS will also receive a cash fee equal to 5% of the amount paid by the Investor for each Advance under the SEDA. On October 9, 2018, the Company used the SEDA to receive $400,000. The Company issued 274,292 common shares for a per share price of the issuance of approximately $1.46 per common share. On October 22, 2018, the Company used the SEDA to receive $300,000. The Company issued 300,000 common shares for a per share price of the issuance of approximately $1.00 per common share. Issuance of Common Stock During the year ended June 30, 2018, the Company accepted subscriptions for the issuance of 1,589,565 shares of Common Stock for total subscriptions of $1,020,000 in cash. During the year ended June 30, 2018, the Company issued 54,000 shares of Common Stock for the exercise of options and $13,500 cash. The Company also received notice from a Preferred Stock Series B stockholder to convert 180,000 shares of preferred stock into 2,880,000 shares of Common Stock. During the year ended June 30, 2018, the Company issued 137,000 shares of Common Stock to vendor’s for services rendered. These shares were valued at fair market value of $280,850 and expensed in the accompanying Consolidated Statements of Operations. During February 2018, the Company entered into two promissory notes with an investor of the Company in the amount of $28,000 and $84,000 in exchange for $25,000 and $75,000, respectively. Each of the notes have an original issue discount of $3,000 and $9,000, respectively that is being amortized to interest expense over the term of the notes. The principle and interest were converted into common stock and the Company issued 123,324 shares of Common Stock in full satisfaction of the note on September 24, 2018. During the year ended June 30, 2019, the Company issued 367,387 shares of Common Stock to employees and consultants related to the exercise of stock options. The Company received $91,847 for the issuance of these shares. During the year ended June 30, 2019, the Company accepted subscriptions for the issuance of 1,116,738 shares of Common Stock for total subscriptions of $1,045,000 in cash. During the year ended June 30, 2019, the Company issued 62,000 shares of Common Stock to vendors for services rendered. These shares were valued at fair market value of $40,560 and expensed in the accompanying Consolidated Statements of Operations. During the year ended June 30, 2019, the Company issued a total of 10,000 shares of Common Stock to two members of the Board of Directors for services rendered. These shares were valued at fair market value of $8,130 and expensed in the accompanying Consolidated Statements of Operations.

Debt

Debt	12 Months Ended
	Jun. 30, 2019
Debt
Note 5 - Debt	The Company follows beneficial conversion feature guidance in ASC 470-20, which applies to convertible stock as well as convertible debt. A beneficial conversion feature is defined as a nondetachable conversion feature that is in the money at the commitment date. The beneficial conversion feature guidance requires recognition of the conversion option’s in-the-money portion, the intrinsic value of the option, in equity, with an offsetting reduction to the carrying amount of the instrument. The resulting discount is amortized as interest over the life of the instrument, if a stated maturity date exists, or to the earliest conversion date, if there is no stated maturity date. If the earliest conversion date is immediately upon issuance, the expense must be recognized at inception. When there is a subsequent change to the conversion ratio based on a future occurrence, the new conversion price may trigger the recognition of an additional beneficial conversion feature on occurrence. On September 28, 2017, the Company entered into a promissory note with an investor of the Company in the amount of $200,000. The note bears no interest and was payable in full on September 30, 2018. In addition, on December 20, 2017, the Company entered into a promissory note with the same investor of the Company in the amount of $150,000. During January 2018, the Company entered into a note with an investor of the Company in the amount of $224,000 in exchange for $200,000. As of December 31, 2018, the discount was fully amortized. The notes bear interest at 12% and were payable in full in July 2018. As of June 30, 2019, the amounts were fully repaid to the investor. During February 2018, the Company entered into two promissory notes with an investor of the Company in the amount of $28,000 and $84,000 in exchange for $25,000 and $75,000, respectively. Each of the notes have an original issue discount of $3,000 and $9,000, respectively that was amortized to interest expense over the term of the notes. The principle and interest were converted into 123,324 shares of Common Stock in full satisfaction of the notes. During February 2018, the Company issued a promissory note in favor of an investor of the Company in the amount of $150,000 in exchange for $132,000 cash. The note has an original issue discount of $18,000 that is being amortized to interest expense over the term of the note. As of March 31, 2019, the loan maturity date was extended to August 8, 2019, the discount is fully amortized and total unpaid principal and interest is approximately $170,564, accruing at 12%. On September 21, 2018, the Company entered into a promissory note with an investor of the Company with a face value of $440,000 in exchange for $400,000 cash payment (“the Convertible Note”), the discount of the Convertible Note will be amortized over the life of the Convertible Note and have an interest rate of 10%. The Convertible Note has a twelve-month term with no payment required for the initial six months; after six months, the Company will repay the investors interest and principle in six equal installments. The principle and interest of the note is convertible into the Company’s common stock at a purchase price of $0.70 per common share after the six months. If the Company defaults on the Convertible Note, the interest is increased to 12% and at the investors’ option, the principle and interest can be converted into the Company’s common stock at a 20% discount to the then current market. In addition, the Company issued five-year warrants to purchase up to 200,000 common shares of the Company’s common stock at a price of $0.75 per share. The cash for this Convertible Note was received prior to September 30, 2018. As of April 15, 2019, the investor has agreed to extend the Convertible Note for six months to September 2019. On September 21, 2018, the Company entered several promissory notes with various investors of the Company with a face value of $880,000 in exchange for $800,000 cash payment (“the Notes”), the discount of the Notes will be amortized over the life of the Note and have an interest rate of 10%. The Notes have a twelve-month term with no payment required for the initial six months; after six months, the Company will repay the investors interest and principle in six equal installments. The principle and interest of the note is convertible into the Company’s common stock at a purchase price of $0.70 per common share after the six months. If the Company defaults on the Notes, the interest is increased to 12% and at the investors’ option, the principle and interest can be converted into the Company’s common stock at a 20% discount to the then current market price. In addition, the Company issued five-year warrants to purchase up to 400,000 of the Company’s common shares at a price of $0.75 per share. The cash for these Notes was received prior to September 30, 2018. One investor has agreed to extend the Convertible Note of $220,000 to September 2019, while the other investors have agreed to convert notes with a face value of $660,000 and accrued interest into 987,641 shares of the Company’s common stock. During the period ended March 31, 2019, the Company entered into several promissory notes with various investors of the Company with a face value of $960,000 in exchange for a total of $900,000 cash payments (“the Notes”). The Notes have a beneficial conversion feature valued at $839,378, which is recorded as a discount. The total discount on the Notes will be amortized over the life of the Notes and recorded as interest expense. The notes have an interest rate of 7% and have an eighteen-month term with no payment required for the initial six months; after six months, the Company will repay the investors interest and principle in twelve equal installments. The principle and interest of the note is convertible into the Company’s common stock at a purchase price of $0.75 per common share at any time after the Original Issue Date. If the Company defaults on the Notes, the interest is increased to 15% and at the investors’ option, the principle and interest can be converted into the Company common stock at a 20% discount to the then current market price. The Company recognized $679,678 and $35,598 of interest expense for the years ended June 30, 2019 and 2018, respectively. As of June 30, 2019 and 2018, accrued interest on the above notes was $118,193 and $11,885, respectively. Notes payable and long-term debt outstanding as of June 30, 2019 and 2018 are summarized below: Maturity Date June 30, 2019 June 30, 2018 12% $150,000 Convertible Note Payable, net of unamortized discount of $0 and $14,320, respectively August 8, 2019 $ 150,000 $ 146,320 12% $112,000 Convertible Note Payable, net of unamortized discount of $0 and $9,365, respectively August 8, 2018 — 109,364 12% $200,000 Convertible Note Payable September 30, 2018 — 200,000 10% $440,000 Convertible Note Payable, net of unamortized discount of $28,589 September 24, 2019 411,411 — 10% $220,000 Convertible Note Payable, net of unamortized discount of $14,295 September 24, 2019 205,705 — 10% $220,000 Convertible Note Payable, net of unamortized discount of $14,295 September 24, 2019 205,705 — 7% $426,667 Convertible Note Payable, net of unamortized discount of $314,401 August 15, 2020 112,266 — 7% $106,667 Convertible Note Payable, net of unamortized discount of $78,601 August 15, 2020 28,066 — 7% $213,333 Convertible Note Payable, net of unamortized discount of $153,786 September 20, 2020 59,547 — 7% $213,333 Convertible Note Payable, net of unamortized discount of $153,786 September 20, 2020 59,547 — 5% Note Payable Due on Demand 600,000 — 5% Note Payable Due on Demand 350,000 350,000 Total notes payable 2,182,247 805,684 Less current portion of notes payable 2,182,247 805,684 Notes payable, less current portion $ — $ —

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2019
Commitments and Contingencies
Note 6 - Commitments and Contingencies	The Company leases office space. Future minimum lease payments are as follows: June 30, 2020 $ 171,727 June 30, 2021 $ 125,419 June 30, 2022 $ 70,842 The Company does not have a concentration of revenues from any individual customer (less than 10%). The Company records tax contingencies when the exposure item becomes probable and reasonably estimable. As of June 30, 2019, the Company had a tax contingency related to stock options granted below the fair market value on date of grant. The Company is in the process of determining the possible exposure and necessary expense accrual for the related tax, penalties and interest. Management has not been able to determine the amount as of the date of this report, however, does not expect the amount to be material to the financial statements. To the best of the Company’s knowledge and belief, no legal proceedings of merit are currently pending or threatened against the Company.

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Jun. 30, 2019
Stock Based Compensation
Note 7 - Stock Based Compensation	The equity incentive plan of the Company was established in February of 2017. The Board of Directors of the Company may from time to time, in its discretion grant to directors, officers, consultants and employees of the Company, non-transferable options to purchase common shares, provided that the number of options issued do not exceed 10,000,000. The options are exercisable for a period of up to 10 years from the date of the grant. The number of options to purchase common shares was increased from 5,000,000 to 10,000,000 through a consent of stockholders to amend and restate the equity incentive plan. The following table reflects the continuity of stock options for the years ended June 30, 2019 and 2018: A summary of stock option activity is as follows: June 30, 2019 June 30, 2018 Number of options outstanding: Beginning of year 4,145,735 - Granted 1,537,152 4,398,935 Exercised, converted (367,387 ) (54,000 ) Forfeited / exchanged / modification (716,677 ) (199,200 ) End of period 4,598,823 4,145,735 Number of options exercisable at end of period 763,453 1,181,435 Number of options available for grant at end of period 4,562,408 764,565 Weighted average option prices per share: Granted during the period $ 0.69 $ 0.25 Exercised during the period $ 0.26 $ 0.25 Terminated during the period $ 0.45 $ 0.25 Outstanding at end of period $ 0.37 $ 0.25 Exercisable at end of period $ 0.32 $ 0.25 The average fair value of stock options granted was estimated to be $0.88 per share for the period ended June 30, 2019. This estimate was made using the Black-Scholes option pricing model and the following weighted average assumptions: 2019 2018 Expected option life (years) 3 - 5 2.5-3 Expected stock price volatility 147%-170 % 144 % Expected dividend yield — % — % Risk-free interest rate 2.35%-3.01 % 2.31%-2.78 % Stock-based compensation expense attributable to stock options was approximately $2,285,543 for the year ended June 30, 2019. As of June 30, 2019, there was approximately $3,098,667 of unrecognized compensation expense related to unvested stock options outstanding, and the weighted average vesting period for those options was 3 years. Stock-based compensation expense attributable to stock options was approximately $810,962 for the year ended June 30, 2018. As of June 30, 2018, there was approximately $4,948,460 of unrecognized compensation expense related to unvested stock options outstanding, and the weighted average vesting period for those options was 3 years. Warrants At June 30, 2019, the Company had outstanding warrants to purchase the Company’s common stock which were issued in connection with multiple financing arrangements. Information relating to these warrants is summarized as follows: Warrants Remaining Number Outstanding Weighted Average Remaining Life (Years) Weighted Average Exercise Price Warrants-Financing 86,957 3,11 $ 1.15 Warrants-Issued with Convertible Notes 600,000 4.24 $ 0.75 Total 686,957

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2019
Subsequent Events
Note 8 - Subsequent Events	On July 2, 2019, the Company, entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors (the “Investors”), pursuant to which the Company agreed to issue and sell directly to the Investors in a private offering (the “Offering”), an aggregate of 7,211,538 shares of common stock (the “Shares”), par value $0.001 per share, at $0.624 per Share or a 20% discount to the closing price as of July 2, 2019, for gross proceeds of approximately $4,500,000 before deducting offering expenses. The Purchase Agreement contains customary representations and warranties, and the Offering was subject to customary closing conditions. The Shares were offered by the Company pursuant to the exemption provided in Section 4(a)(2) under the Securities Act, and Rule 506(b) promulgated thereunder. The Company is obligated in accordance with the terms of a Registration Rights Agreement (the “Rights Agreement”) to register the Shares and the shares of common stock underlying the warrants described below, within 90 days from the date of the Purchase Agreement. As additional consideration for the purchase of the Shares, the Company agreed to issue to the Investors Series A Warrants, Series B Warrants, and Series C Warrants (collectively, the “Warrants”). The number of shares for the Warrants and exercise price of the Warrants is subject to adjustment; provided, however, on each of (i) the 3rd Trading Day following the effective date (the “Effective Date”) of the Registration Statement to be filed by the Company (the “Interim True-Up Date”), and (ii) the 6th Trading Day following the Effective Date (the “Final True-Up Date”), the Exercise Price shall be reduced, and only reduced, to equal the lower of (1) the then Exercise Price and (2) 100% of the lowest VWAP during the 2 Trading Days prior to the Interim True-Up Date or 5 Trading Days prior to the Final True-Up Date, as applicable, immediately following the Effective Date. The Series C Warrants, which are considered pre-funded, allow each Investor to purchase an amount of shares equal to the sum of (a) any shares purchased by the Investor pursuant to the Purchase Agreement that would have resulted in the beneficial ownership of greater than 4.99% of the outstanding common shares of the Company, (b) on the 3 rd th The Company issued 29,999,998 shares of common stock for the private placement and the issuance of the Series C Warrants. The Company received approximately $4,060,000, net of the placement fees, legal and other expenses incurred for the placement of the share. The investors received Series A Warrants to allow the Investors to purchase an aggregate of 7,018,091 shares of common stock, and Series B Warrants to allow the Investors to purchase an aggregate of 28,072,364 shares of common stock at a purchase price of $0.1603 per common share. The Company has evaluated subsequent events through September 18, 2019 and has not identified any other items requiring additional disclosure.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2019
Summary of Significant Accounting Policies
Fair Value Measurements	The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value, and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The Company has no assets or liabilities valued at fair value on a recurring basis.
Revenue Recognition	The Company follows the guidance of the Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers” which is effective as of the annual reporting period beginning after December 15, 2017 using either of two methods: (1) retrospective application of Topic 606 to each prior reporting period presented with the option to elect certain practical expedients as defined within Topic 606 or (2) retrospective application of Topic 606 with the cumulative effect of initially applying Topic 606 recognized at the date of initial application and providing certain additional disclosures as defined per Topic 606. We adopted Topic 606 pursuant to the method (2) and we determined that any cumulative effect for the initial application did not require an adjustment to retained earnings at July 1, 2018. For revenue recognition arrangements that we determine are within the scope of Topic ASC 606, we perform the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. We only apply the five-step model to arrangements that meet the definition of a contract under Topic 606, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, we evaluate the goods or services promised within each contract related performance obligation and assess whether each promised good or service is distinct. We then recognize as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. We recognize revenue upon completion of our performance obligations or expiration of the contractual time to use services such as bulk texting.
Principles of Consolidation	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, LB Media. All significant inter-company transactions and balances have been eliminated in consolidation.
Cash and Cash Equivalents	For purposes of the consolidated statements of cash flows, cash includes demand deposits, time deposits, certificates of deposit, and short-term liquid investments with original maturities of three months or less when purchased. As of June 30, 2019 and 2018, the Company did not hold any cash equivalents. The Federal Deposit Insurance Corporation provides coverage for all accounts of up to $250,000. As of June 30, 2019 and 2018, none of the Company’s cash was in excess of federally insured limits.
Accounts Receivable, Net	Accounts receivable are stated at the amount management expects to collect. An allowance for doubtful accounts is recorded, as a charge to bad debt expense, where collection is considered to be doubtful due to credit issues. These allowances together reflect the Company’s estimate of potential losses inherent in accounts receivable balances, based on historical loss and known factors impacting its customers. Management has determined that there was a $53,815 and $6,617 allowance required for the years ended June 30, 2019 and 2018, respectively. The Company does not accrue interest on past due receivables.
Inventory	Inventory consists of merchandise and is stated at the lower of cost, determined by last-in, first-out method or market. Market is determined based on the net realizable value, with appropriate consideration given to obsolescence, excessive levels, deterioration and other factors. At June 30, 2019 and 2018, the Company had $1,230 and $3,530 of inventory, respectively. A reserve is recorded for any inventory deemed excessive or obsolete. No reserve is considered necessary at June 30, 2019 and 2018.
Use of Estimates	Management uses estimates and assumptions in preparing these consolidated financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Examples of estimates include loss contingencies; useful lives of our tangible and intangible assets; allowances for doubtful accounts; and stock-based compensation forfeiture rates. Examples of assumptions include: the elements comprising a software arrangement, including the distinction between upgrades or enhancements and new products; when technological feasibility is achieved for our products; the potential outcome of future tax consequences of events that have been recognized in our financial statements or tax returns. Actual results could differ from those estimates.
Reclassifications	Certain reclassifications have been made to the financial statements as of and for the year ended June 30, 2018 to conform to the presentation as of and for the year ended June 30, 2019.
Internal Use Software	The Company capitalizes certain development costs related to upgrades and enhancements to its cloud commerce platform when it is probable the expenditures will result in additional functionality. Such development costs are capitalized when the preliminary project stage is completed and it is probable that the project will be completed and the software will be used to perform the function intended. These capitalized costs include external direct costs of services consumed in developing or obtaining internal-use software and personnel and related expenses for employees who are directly associated with and who devote time to internal-use software projects. Capitalization of these costs cease once the project is substantially complete and the software is ready for its intended purpose. Post configuration training and maintenance costs are expensed as incurred. Capitalized internal use software costs are recorded as part of fixed assets and amortized using a straight-line method, over the estimated useful life of the software, generally three to seven years, commencing when the software is ready for its intended use.
Impairment Assessment of Long-Lived Assets	The Company reviews identified intangible assets and long-lived assets to be held-and-used for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. If the sum of the undiscounted expected future cash flows over the remaining useful life of a long-lived asset is less than its carrying amount, the asset is considered to be impaired. Impairment losses are measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset. When fair values are not available, the Company estimates fair value using the expected future cash flows discounted at a rate commensurate with the risks associated with the recovery of the asset. As of June 30, 2019 and 2018, there were no impairments of intangible assets.
Convertible Debt and Securities	The Company follows beneficial conversion feature guidance in ASC 470-20, which applies to convertible stock as well as convertible debt. A beneficial conversion feature is defined as a nondetachable conversion feature that is in the money at the commitment date. The beneficial conversion feature guidance requires recognition of the conversion option's in-the-money portion, the intrinsic value of the option, in equity, with an offsetting reduction to the carrying amount of the instrument. The resulting discount is amortized as interest over the life of the instrument, if a stated maturity date exists, or to the earliest conversion date, if there is no stated maturity date. If the earliest conversion date is immediately upon issuance, the expense must be recognized at inception. When there is a subsequent change to the conversion ratio based on a future occurrence, the new conversion price may trigger the recognition of an additional beneficial conversion feature on occurrence.
Stock-Based Compensation	The Company accounts for stock-based awards to employees in accordance with applicable accounting principles, which requires compensation expense related to share-based transactions, including employee stock options, to be measured and recognized in the financial statements based on a determination of the fair value of the stock options. The grant date fair value is determined using the Black-Scholes-Merton (“Black-Scholes”) pricing model. For all employee stock options, we recognize expense over the requisite service period on an accelerated basis over the employee’s requisite service period (generally the vesting period of the equity grant). The Company’s option pricing model requires the input of highly subjective assumptions, including the expected stock price volatility and expected term. Any changes in these highly subjective assumptions significantly impact stock-based compensation expense. Options awarded to purchase shares of common stock issued to non-employees in exchange for services are accounted for as variable awards in accordance with applicable accounting principles. Such options are valued using the Black-Scholes option pricing model. See Note 8 for the assumptions used to calculate the fair value of stock-based employee and non-employee compensation. The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of ASC 505-50 Equity-Based Payments to Non-Employees
Earnings or Loss per Share	Basic earnings or loss per share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised. We have prepared the calculation of earnings or loss per share using the weighted-average number of common shares of the Company that were outstanding for the years ended June 30, 2019 and 2018. Dilutive instruments had no effect on the calculation of earnings or loss per share during the years ended June 30, 2019 and 2018.
Income Taxes	The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences 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 results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. As of June 30, 2019, the Company had approximately $10,818,000 of net operating loss carry forward that was unrecognized tax benefits. Under Internal Revenue Code 382, if a corporation undergoes an “ownership change,” the corporation’s ability to use its pre-change NOL carryforwards and other pre-change tax attributes to offset its post-change income may be limited. We have not completed a study to assess whether an “ownership change” has occurred or whether there have been multiple ownership changes since we became a “loss corporation” as defined in Section 382. Future changes in our stock ownership, which may be outside of our control, may trigger an “ownership change”. In addition, future equity offerings or acquisitions that have equity as a component of the purchase price could result in an “ownership change.” If an “ownership change” has occurred or does occur in the future, utilization of the NOL carryforwards or other tax attributes may be limited, which could potentially result in increased future tax liability to us. ASC Topic 740 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. There are no material uncertain tax positions at June 30, 2019. other than as disclosed in Note 6. On December 22, 2017, the U.S. government enacted the Tax Act, which made significant changes to the Internal Revenue Code of 1986, as amended, including, but not limited to, reducing the U.S. corporate statutory tax rate and the net operating loss incurred after December 31, 2017 can be carried forward indefinitely and the two year net operating loss carried back was eliminated (prohibited).
Recently Issued Accounting Pronouncements	In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842), which supersedes the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. In July 2018, the FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases.” The amendments in ASU 2018-10 clarify, correct or remove inconsistencies in the guidance provided under ASU 2016-02 related to sixteen specific issues identified. Also in July 2018, the FASB issued ASU No. 2018-11 “Leases (Topic 842): Targeted Improvement” which now allows entities the option of recognizing the cumulative effect of applying the new standard as an adjustment to the opening balance of retained earnings in the year of adoption while continuing to present all prior periods under previous lease accounting guidance. The effective date and transition requirements for these two ASUs are the same as the effective date and transition requirements as ASU 2016-02. The standard will be effective for the Company for the fiscal year beginning July 1, 2019. The adoption of this standard will increase assets and liabilities by approximately $409,900, which will be accreted over the remainder of the lease agreements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, which clarifies the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard will be effective for the Company in the first quarter of 2020. The adoption of this standard does not have a material impact on the consolidated financial statements. In June 2018, the FASB issued ASU 2018-07, which simplifies the accounting for non-employee share-based payment transactions. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The standard will be effective in the first quarter of fiscal year 2019, although early adoption is permitted. The adoption of this standard does not have a material impact on the consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), No other recent accounting pronouncements were issued by FASB and the SEC that are believed by management to have a material impact on the Company’s present or future condensed consolidated financial statements.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Jun. 30, 2019
Property and Equipment
Schedule of property and equipment	June 30, 2019 June 30, 2018 Software platform $ 3,922,558 $ - Furniture and fixtures 1,500 1,500 Less accumulated amortization (389,884 ) (627 ) Property and equipment, net $ 3,534,174 $ 873

Debt (Tables)

Debt (Tables)	12 Months Ended
	Jun. 30, 2019
Debt (Tables)
Summary of Notes Payable and Long-term debt outstanding	Maturity Date June 30, 2019 June 30, 2018 12% $150,000 Convertible Note Payable, net of unamortized discount of $0 and $14,320, respectively August 8, 2019 $ 150,000 $ 146,320 12% $112,000 Convertible Note Payable, net of unamortized discount of $0 and $9,365, respectively August 8, 2018 — 109,364 12% $200,000 Convertible Note Payable September 30, 2018 — 200,000 10% $440,000 Convertible Note Payable, net of unamortized discount of $28,589 September 24, 2019 411,411 — 10% $220,000 Convertible Note Payable, net of unamortized discount of $14,295 September 24, 2019 205,705 — 10% $220,000 Convertible Note Payable, net of unamortized discount of $14,295 September 24, 2019 205,705 — 7% $426,667 Convertible Note Payable, net of unamortized discount of $314,401 August 15, 2020 112,266 — 7% $106,667 Convertible Note Payable, net of unamortized discount of $78,601 August 15, 2020 28,066 — 7% $213,333 Convertible Note Payable, net of unamortized discount of $153,786 September 20, 2020 59,547 — 7% $213,333 Convertible Note Payable, net of unamortized discount of $153,786 September 20, 2020 59,547 — 5% Note Payable Due on Demand 600,000 — 5% Note Payable Due on Demand 350,000 350,000 Total notes payable 2,182,247 805,684 Less current portion of notes payable 2,182,247 805,684 Notes payable, less current portion $ — $ —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2019
Commitments and Contingencies (Tables)
Schedule of future minimum lease payments	June 30, 2020 $ 171,727 June 30, 2021 $ 125,419 June 30, 2022 $ 70,842

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2019
Stock Based Compensation (Tables)
Schedule of stock option activity	June 30, 2019 June 30, 2018 Number of options outstanding: Beginning of year 4,145,735 - Granted 1,537,152 4,398,935 Exercised, converted (367,387 ) (54,000 ) Forfeited / exchanged / modification (716,677 ) (199,200 ) End of period 4,598,823 4,145,735 Number of options exercisable at end of period 763,453 1,181,435 Number of options available for grant at end of period 4,562,408 764,565 Weighted average option prices per share: Granted during the period $ 0.69 $ 0.25 Exercised during the period $ 0.26 $ 0.25 Terminated during the period $ 0.45 $ 0.25 Outstanding at end of period $ 0.37 $ 0.25 Exercisable at end of period $ 0.32 $ 0.25
Schedule of weighted average assumptions	2019 2018 Expected option life (years) 3 - 5 2.5-3 Expected stock price volatility 147%-170 % 144 % Expected dividend yield — % — % Risk-free interest rate 2.35%-3.01 % 2.31%-2.78 %
Schedule of stockholders equity note warrants or rights	Warrants Remaining Number Outstanding Weighted Average Remaining Life (Years) Weighted Average Exercise Price Warrants-Financing 86,957 3,11 $ 1.15 Warrants-Issued with Convertible Notes 600,000 4.24 $ 0.75 Total 686,957

Description of Business (Detail

Description of Business (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Description of Business (Details Narrative)
State of incorporation	Nevada
Date of incorporation	Oct. 16, 2014
Net income (loss)	$ (6,553,666)	$ (2,979,675)
Working capital deficit	(2,897,850)
Total equity (deficit)	636,324	$ (757,898)	$ 96,465
Payments for other operating activities	$ 150,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Summary of Significant Accounting Policies (Details Narrative)
Inventory	$ 1,230	$ 3,530
Federal Deposit Insurance Corporation, coverage	250,000
Allowance for doubtful accounts	53,815	$ 6,617
Increase in assets and liabilities	409,900
Operating loss carry forward	$ 10,818,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Property and Equipment
Software platform	$ 3,922,558
Furniture and fixtures	1,500	1,500
Less accumulated amortization	(389,884)	(627)
Property and equipment, net	$ 3,534,174	$ 873

Property and Equipment (Detai_2

Property and Equipment (Details Narrative) - USD ($)	Nov. 06, 2018	Jun. 30, 2019	Jun. 30, 2018
Common stock par value		$ 0.001	$ 0.001
Loyalty Software [Member]
Purchase of software consideration transferred or transferrable, shares issued	$ 2,666,667
Common stock par value	$ 0.001
Purchase of software consideration paid in cash	$ 450,000
Amount of acquisition cost capitalized		$ 3,900,000
Amortization expense		388,752
Operating expenses		212,209	$ 499,876
Purchase of software total consideration paid or payable	$ 3,010,000
Purchase of software additional incentive shares issued or issuable	1,152,000
Amount of software enhancement cost capitalized		$ 912,558

Capital Stock and Equity Tran_2

Capital Stock and Equity Transactions (Details Narrative) - USD ($)	Oct. 09, 2018	Oct. 22, 2018	Apr. 19, 2018	Feb. 28, 2018	Jan. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Sep. 24, 2018	Mar. 23, 2017
Class of Stock [Line Items]
Common stock, shares authorized (in shares)						150,000,000	150,000,000
Common stock, par value (in dollars per share)						$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)						10,000,000	10,000,000
Preferred stock, par value (in dollars per share)						$ 0.001	$ 0.001
Issuance of common stock for cash, Shares						1,116,738
Issuance of common stock for cash, Amount						$ 1,045,000
Common stock, shares outstanding (in shares)						47,914,967	42,661,228
Stock subscriptions (in shares)							1,589,565
Stock subscriptions value						$ 1,045,000	$ 1,020,000
Issuance of common stock for exercise of options (in shares)						(367,387)	(54,000)
Issuance of common stock for exercise of options, value						$ 91,847
Issuance of common stock for services (in shares)						62,000
Issuance of common stock for services, value						$ 48,690	$ 280,850
Common stock shares issued						47,914,967	42,661,228
Preferred stock, shares outstanding (in shares)						3,000,000	3,000,000
Face amount of note					$ 224,000
Debt instrument, exchange amount					$ 200,000	$ 257,171
Board Of Director [Member]
Class of Stock [Line Items]
Common stock issued for services rendered, shares						10,000
Common stock issued for services rendered, value						$ 8,130
Loans Payable Four [Member]
Class of Stock [Line Items]
Common stock shares issued								123,324
Face amount of note				$ 84,000
Debt instrument, exchange amount				75,000
Debt instrument, discount				9,000
Loans Payable Three [Member]
Class of Stock [Line Items]
Face amount of note				28,000
Debt instrument, exchange amount				25,000
Debt instrument, discount				$ 3,000
Garden State Securities, Inc. ("GSS") [Member]
Class of Stock [Line Items]
Percentage of purchase price of common stock			10.00%
Warrant to purchase shares of common stock (in shares)			86,957
Exercise price of warrants (in dollars per share)			$ 1.15
Warrant expiration period			5 years
Percentage of amount paid by investor			5.00%
Common Stock
Class of Stock [Line Items]
Stock subscriptions value						$ 1,117	$ 1,590
Issuance of common stock for exercise of options (in shares)						367,387	54,000
Issuance of common stock for exercise of options, value							$ 13,500
Issuance of common stock for services (in shares)						72,000	137,000
Issuance of common stock for services, value						$ 72	$ 137
Issuance of common stock in conversion of preferred stock (in shares)							2,880,000
Issuance of common stock for services, value							$ 280,850
Series B Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)						1,480,000
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)						47,914,967			3,000,000
Preferred stock, shares outstanding (in shares)						5,371,630
Standby Equity Distribution Agreement [Member]
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 1.46	$ 1
Common stock shares issued	274,292	300,000
Proceeds from issuance of stock	$ 400,000	$ 300,000
Yorkville Advisors Global, LLC [Member]
Class of Stock [Line Items]
Common stock, par value (in dollars per share)			$ 0.001
Stock subscriptions (in shares)			869,565
Value of shares authorized for sale			$ 5,000,000
Sale of stock, commitment period			2 years
Sale of stock at discount rate			8.00%
Termination period of SEDA			18 months
Termination fee of SEDA			$ 100,000
Shares issued as commitment fees (in shares)			100,000
Commitment period			2 years
Yorkville Advisors Global, LLC [Member] | Initial Shares [Member]
Class of Stock [Line Items]
Proceeds from issuance of stock			$ 1,000,000

Debt (Details)

Debt (Details) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Total notes payable	$ 2,182,247	$ 805,684
Less current portion of notes payable	2,182,247	805,684
Notes payable, less current portion
Debt instrument, maturity date
Convertible Notes Payable [Member]
Total notes payable	$ 150,000	146,320
Debt instrument, maturity date	Aug. 8, 2019
Convertible Notes Payable Seven [Member]
Total notes payable	$ 28,066
Debt instrument, maturity date	Aug. 15, 2020
Convertible Notes Payable One [Member]
Total notes payable		109,364
Debt instrument, maturity date	Aug. 8, 2018
Convertible Notes Payable Two [Member]
Total notes payable		200,000
Debt instrument, maturity date	Sep. 30, 2018
Convertible Notes Payable Three [Member]
Total notes payable	$ 411,411
Debt instrument, maturity date	Sep. 24, 2019
Convertible Notes Payable Four [Member]
Total notes payable	$ 205,705
Debt instrument, maturity date	Sep. 24, 2019
Convertible Notes Payable Five [Member]
Total notes payable	$ 205,705
Debt instrument, maturity date	Sep. 24, 2019
Convertible Notes Payable Six [Member]
Total notes payable	$ 112,266
Debt instrument, maturity date	Aug. 15, 2020
Convertible Notes Payable Eight [Member]
Total notes payable	$ 59,547
Debt instrument, maturity date	Sep. 20, 2020
Convertible Notes Payable Nine [Member]
Total notes payable	$ 59,547
Debt instrument, maturity date	Sep. 20, 2020
Convertible Notes Payable Ten [Member]
Total notes payable	$ 600,000
Debt instrument, maturity date, description	Due on Demand
Convertible Notes Payable Eleven [Member]
Total notes payable	$ 350,000	$ 350,000
Debt instrument, maturity date, description	Due on Demand

Debt (Details Narrative)

Debt (Details Narrative)	1 Months Ended			3 Months Ended	12 Months Ended
	Sep. 21, 2018USD ($)integer$ / sharesshares	Feb. 28, 2018USD ($)integer	Jan. 31, 2018USD ($)	Mar. 31, 2019USD ($)	Jun. 30, 2019USD ($)shares	Jun. 30, 2018USD ($)shares	Sep. 24, 2018shares	Dec. 20, 2017USD ($)	Sep. 28, 2017USD ($)
Face amount of note			$ 224,000
Accrued interest					$ 118,193	$ 11,885
Interest expense					679,678	$ 35,598
Interest rate			12.00%
Number of promissory notes | integer		2
Debt instrument, exchange amount			$ 200,000		$ 257,171
Maturity date
Common stock, shares issued | shares					47,914,967	42,661,228
Warrant [Member]
Common stock purchase price per share | $ / shares	$ 0.75
Warrant period	5 years
Warrant to purchase shares of common stock | shares	400,000
Promissory note [Member]
Face amount of note	$ 440,000
Interest rate	10.00%
Exchange for cash payment	$ 400,000
Common stock purchase price per share | $ / shares	$ 0.70
Debt Instrument, Term	12 months
Number of installments | integer	6
Increase in interest	12.00%
Discount on conversion common stock	20.00%
Loans Payable Four [Member]
Face amount of note		$ 84,000
Interest rate		12.00%
Debt instrument, exchange amount		$ 75,000
Debt instrument, discount		9,000
Common stock, shares issued | shares							123,324
Loans Payable Three [Member]
Face amount of note		28,000
Debt instrument, exchange amount		25,000
Debt instrument, discount		3,000
Loans Payable Two [Member]
Face amount of note								$ 150,000
Loans Payable Five [Member]
Face amount of note		150,000
Debt instrument, exchange amount		132,000
Maturity date				Aug. 8, 2019
Debt instrument, discount		$ 18,000
Debt default, interest rate				12.00%
Amount of unpaid principal and interest balance				$ 170,564
Loans Payable One [Member]
Face amount of note									$ 200,000
Several promissory notes [Member]
Face amount of note	$ 880,000
Interest rate	10.00%
Exchange for cash payment	$ 800,000
Common stock purchase price per share | $ / shares	$ 0.70
Debt Instrument, Term	12 months
Number of installments | integer	6
Increase in interest	12.00%
Discount on conversion common stock	20.00%
Several promissory notes [Member] | Investors [Member]
Face amount of note				$ 960,000
Interest rate				7.00%
Exchange for cash payment				$ 900,000
Debt Instrument, Term				18 months
Convertible debt, beneficial conversion feature				$ 839,378
Description for the repayment of debt				After six months, the Company will repay the investors interest and principle in twelve equal installments
Convertible debt, terms of conversion feature				The principle and interest of the note is convertible into the Company’s common stock at a purchase price of $0.75 per common share at any time after the Original Issue Date
Debt default, description				If the Company defaults on the Notes, the interest is increased to 15% and at the investors option, the principle and interest can be converted into the Company common stock at a 20% discount to the then current market price
Several promissory notes [Member] | One investor [Member]
Maturity date					Sep. 30, 2019
Convertible debt					$ 220,000
Several promissory notes [Member] | Other investors [Member]
Convertible debt					660,000
Convertible debt, accrued interest					$ 987,641

Commitments and Contingencies_2

Commitments and Contingencies (Details)	Jun. 30, 2019USD ($)
Commitments and Contingencies (Details)
June 30, 2020	$ 171,727
June 30, 2021	125,419
June 30, 2022	$ 70,842

Commitments and Contingencies_3

Commitments and Contingencies (Details Narrative)	12 Months Ended
	Jun. 30, 2019
Commitments and Contingencies (Details Narrative)
Description of commitments and contingencies	The Company does not have a concentration of revenues from any individual customer (less than 10%).

Stock Based Compensation (Detai

Stock Based Compensation (Details) - $ / shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Number of options outstanding:
Beginning of year	4,145,735
Granted	1,537,152	4,398,935
Exercised, converted	(367,387)	(54,000)
Forfeited / exchanged / modification	(716,677)	(199,200)
End of Period	4,598,823	4,145,735
Number of options exercisable at end of period	763,453	1,181,435
Number of options available for grant at end of period	4,562,408	764,565
Weighted average option prices per share:
Granted during the period	$ 0.69	$ 0.25
Exercised during the period	0.26	0.25
Terminated during the period	0.45	0.25
Outstanding at end of period	0.37	0.25
Exercisable at end of period	$ 0.32	$ 0.25

Stock Based Compensation (Det_2

Stock Based Compensation (Details 1)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Stock Options [Member]
Weighted Average Assumptions
Expected dividend yield	0.00%	0.00%
Stock Options [Member] | Maximum [Member]
Weighted Average Assumptions
Expected option life (years)	5 years	3 years
Expected stock price volatility	170.00%
Risk-free interest rate	3.01%	2.78%
Warrants-Financing [Member]
Weighted Average Assumptions
Expected option life (years)	3 years	2 years 6 months
Expected stock price volatility	147.00%	144.00%
Risk-free interest rate	2.35%	2.31%

Stock Based Compensation (Det_3

Stock Based Compensation (Details 2)	12 Months Ended
	Jun. 30, 2019$ / sharesshares
Warrants-Financing [Member]
Warrants
Remaining Number Outstanding	86,957
Weighted Average Remaining Life (Years)	3 years 1 month 9 days
Weighted Average Exercise Price | $ / shares	$ 1.15
Warrants-Issued with Convertible Notes [Member]
Warrants
Remaining Number Outstanding	600,000
Weighted Average Remaining Life (Years)	4 years 2 months 27 days
Weighted Average Exercise Price | $ / shares	$ 0.75
Total [Member]
Warrants
Remaining Number Outstanding	686,957
Weighted Average Remaining Life (Years)

Stock Based Compensation (Det_4

Stock Based Compensation (Details Narrative) - Stock Options [Member] - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Stock-based compensation expense	$ 2,285,543	$ 810,962
Average fair value of stock options granted	$ 0.88
Unrecognized compensation expense	$ 3,098,667	$ 4,948,460
Weighted average vesting period	3 years
Equity Incentive Plan 2017 [Member]
Stock options exercisable period	10 years
Description for shares issuable upon exercise of options	The number of options to purchase common shares was increased from 5,000,000 to 10,000,000 through a consent of stockholders to amend and restate the equity incentive plan
Equity Incentive Plan 2017 [Member] | Maximum [Member]
Options issued for purchase of common shares	10,000,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Jul. 02, 2019	Jun. 30, 2019	Jun. 30, 2018
Common stock, par value (in dollars per share)		$ 0.001	$ 0.001
Subsequent Event [Member] | Investor Member [Member]
Common stock issuable description	Company agreed to issue and sell directly to the Investors in a private offering (the “Offering”), an aggregate of 7,211,538 shares of common stock (the “Shares”), par value $0.001 per share, at $0.624 per Share or a 20% discount to the closing price as of July 2, 2019, for gross proceeds of approximately $4,500,000 before deducting offering expenses.
Common stock, par value (in dollars per share)	$ 0.001
Receivable from private offering	$ 4,500,000
Series B Warrants to purchase common shares	28,072,364
Proceeds from issuance common stock	$ 4,060,000