The Glimpse Group, Inc. (VRAR) 10-K 28 Sep 22 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jun. 30, 2022	Sep. 20, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--06-30
Entity File Number	001-40556
Entity Registrant Name	THE GLIMPSE GROUP, INC.
Entity Central Index Key	0001854445
Entity Tax Identification Number	81-2958271
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	15 West 38th St, 9th Fl
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10018
City Area Code	(917)
Local Phone Number	292-2685
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	VRAR
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float		$ 63,068,992
Entity Common Stock, Shares Outstanding		13,593,734
ICFR Auditor Attestation Flag	false
Auditor Firm ID	694
Auditor Name	Hoberman & Lesser CPA’s, LLP
Auditor Location	New York NY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Jun. 30, 2021
ASSETS
Cash and cash equivalents	$ 16,249,666	$ 1,771,929
Investments	239,314
Accounts receivable	1,332,922	626,244
Deferred costs/contract assets	39,484	29,512
Prepaid expenses and other current assets	479,483	281,047
Pre-offering costs		470,136
Total current assets	18,340,869	3,178,868
Equipment, net	245,970	42,172
Note receivable	250,000
Intangible assets, net	4,063,485
Goodwill	13,464,760
Other assets	32,000
Restricted cash	2,000,000
Total assets	38,397,084	3,221,040
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Accounts payable	340,139	381,510
Accrued liabilities	188,417	168,745
Accrued bonuses	169,262	440,357
Deferred revenue/contract liabilities	841,389	98,425
Asset purchase payable	734,037
Contingent consideration for acquisitions, current portion	1,966,171	1,250,000
Total current liabilities	4,239,415	2,339,037
Long term liabilities
Contingent consideration for acquisition, net of current portion	5,340,800
Paycheck Protection Program loan		623,828
Convertible promissory notes, net		1,429,953
Total liabilities	9,580,215	4,392,818
Stockholders’ Equity (Deficit)
Preferred Stock, par value $0.001 per share, 20 million shares authorized; 0 shares issued and outstanding
Common Stock, par value $0.001 per share, 300 million shares authorized; 12,747,624 and 7,579,285 issued and outstanding	12,749	7,580
Additional paid-in capital	56,885,815	20,936,050
Accumulated deficit	(28,081,695)	(22,115,408)
Total stockholders’ equity (deficit)	28,816,869	(1,171,778)
Total liabilities and stockholders’ equity (deficit)	$ 38,397,084	$ 3,221,040

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Jun. 30, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	12,747,624	7,579,285
Common stock, shares outstanding	12,747,624	7,579,285

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenue
Total Revenue	$ 7,267,613	$ 3,421,495
Cost of goods sold	1,241,149	1,461,210
Gross Profit	6,026,464	1,960,285
Operating expenses:
Research and development expenses	6,158,395	3,183,055
General and administrative expenses	4,931,877	2,210,811
Sales and marketing expenses	3,141,033	1,267,088
Additional asset purchase consideration	568,571	1,250,000
Change in fair value of acquisition contingent consideration	(2,430,800)
Total operating expenses	12,369,076	7,910,954
Loss from operations before other income (expense)	(6,342,612)	(5,950,669)
Other income (expense)
Forgiveness of Paycheck Protection Program loan	623,828	548,885
Interest income	32,227	6,202
Interest expense		(180,641)
Loss on conversion of convertible notes	(279,730)	(515,464)
Total other income (expense), net	376,325	(141,018)
Net Loss	$ (5,966,287)	$ (6,091,687)
Basic and diluted net loss per share	$ (0.51)	$ (0.84)
Weighted-average shares used to compute basic and diluted net loss per share	11,731,383	7,259,249
Software Services [Member]
Revenue
Total Revenue	$ 6,720,416	$ 3,082,528
Software License [Member]
Revenue
Total Revenue	$ 547,197	$ 338,967

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Deficit) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jun. 30, 2020	$ 7,036	$ 15,710,996	$ (16,023,721)	$ (305,689)
Beginning balance, shares at Jun. 30, 2020	7,035,771
Sales of common stock to investors	$ 77	345,933		346,010
Sales of common stock to investors, shares	76,891
Common stock issued for convertible note conversion	$ 332	1,486,727		1,487,059
Common stock issued for convertible note conversion, shares	332,063
Common stock issued to satisfy contingent liability	$ 13	67,162		67,175
Common stock issued to satisfy contingent liability, shares	13,435
Common stock issued to employees for compensation	$ 19	92,746		92,765
Common stock issued to employees for compensation, shares	18,553
Common stock issued to convertible promissory note holders for prepaid interest	$ 30	147,471		147,501
Common stock issued to convertible promissory note holders for prepaid interest, shares	29,500
Common stock issued to convertible promissory note holders as additional consideration	$ 44	192,347		192,391
Common stock issued to convertible promissory note holders as additional consideration, shares	44,250
Common stock issued to vendors for compensation	$ 29	134,387		134,416
Common stock issued to vendors for compensation, shares	28,822
Stock option-based compensation expense		2,576,058		2,576,058
Stock option-based board of directors expense		182,223		182,223
Net loss			(6,091,687)	$ (6,091,687)
Common stock issued for exercise of options, shares
Ending balance, value at Jun. 30, 2021	$ 7,580	20,936,050	(22,115,408)	$ (1,171,778)
Ending balance, shares at Jun. 30, 2021	7,579,285
Common stock issued for convertible note conversion	$ 324	1,605,852		$ 1,606,176
Common stock issued for convertible note conversion, shares	324,150
Common stock issued to employees for compensation, shares				11,000
Common stock issued to vendors for compensation	$ 20	198,207		$ 198,227
Common stock issued to vendors for compensation, shares	19,753
Stock option-based board of directors expense		478,949		478,949
Net loss			(5,966,287)	(5,966,287)
Common stock issued in Initial Public Offering, net	$ 1,913	11,819,451		11,821,364
Common stock issued in Initial Public Offering, net, shares	1,912,500
Common stock issued in Securities Purchase Agreement, net	$ 1,500	13,576,900		13,578,400
Common stock issued in Securities Purchase Agreement, net, shares	1,500,000
Common stock issued for acquisitions	$ 388	3,346,915		3,347,303
Common stock issued for acquisitions, shares	388,342
Common stock issued for legacy acquisition obligation	$ 453	1,249,547		1,250,000
Common stock issued for legacy acquisition obligation, shares	452,978
Common stock issued for exercise of options	$ 560	1,325,484		$ 1,326,044
Common stock issued for exercise of options, shares	559,775			969,775
Stock based compensation expense	$ 11	2,348,460		$ 2,348,471
Stock based compensation expense, shares	10,841
Ending balance, value at Jun. 30, 2022	$ 12,749	$ 56,885,815	$ (28,081,695)	$ 28,816,869
Ending balance, shares at Jun. 30, 2022	12,747,624

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net loss	$ (5,966,287)	$ (6,091,687)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation	540,196	27,054
Common stock and stock option based compensation for employees and board of directors	2,893,297	2,945,487
Accrued common stock issuance for additional asset acquisition consideration	568,571	1,250,000
Issuance of common stock to vendors as compensation	188,336	134,416
Loss on conversion of convertible notes	279,730	515,464
Forgiveness of Paycheck Protection Program loan	(623,828)	(548,885)
Acquisition contingent consideration fair value adjustment	(2,430,800)
Amortization of paid-in kind common stock interest on convertible notes		180,642
Issuance of common stock to employees to satisfy contingent liability		92,765
Issuance of common stock for additional cost to satisfy contingent liability		20,217
Changes in operating assets and liabilities:
Accounts receivable	(295,076)	(411,571)
Deferred costs/contract assets	(17,900)	136,925
Prepaid expenses and other current assets	(330,496)	(25,933)
Pre-offering costs	470,136
Other assets	(32,000)
Accounts payable	(132,032)	260,002
Accrued liabilities	(73,475)	97,068
Accrued bonuses	(271,095)	440,357
Deferred revenue/contract liabilities	291,858	(231,937)
Net cash used in operating activities	(4,940,865)	(1,209,616)
Cash flow from investing activities:
Purchases of equipment	(201,998)	(28,003)
Acquisitions, net of cash acquired	(4,615,894)
Purchase of investments	(239,314)
Net cash used in investing activities	(5,057,206)	(28,003)
Cash flows from financing activities:
Proceeds from initial public offering, net	11,821,364
Proceeds from securities purchase agreement, net	13,578,400
Proceeds from exercise of stock options	1,326,044
Issuance of note receivable	(250,000)
Proceeds from Paycheck Protection Program loan		623,828
Proceeds from convertible promissory notes		1,475,000
Proceeds from issuance of common equity to investors		346,010
Pre-offering costs incurred		(470,136)
Net cash provided by financing activities	26,475,808	1,974,702
Net change in cash, cash equivalents and restricted cash	16,477,737	737,083
Cash, cash equivalents and restricted cash, beginning of year	1,771,929	1,034,846
Cash, cash equivalents and restricted cash, end of year	18,249,666	1,771,929
Non-cash Investing and Financing activities:
Common stock issued for S5D acquisition	2,297,303
Common stock issued for asset acquisitions	1,050,000
Common stock to be issued for asset acquisitions	734,037
Conversion of convertible promissory notes into common stock	1,606,176	1,487,059
Contingent acquisition consideration liability	6,738,400
Forgiveness of Paycheck Protection Program loan	623,828	548,885
Issuance of warrants in connection with initial public offering	522,360
Issuance of warrants in connection with securities purchase agreement	8,797,546
Issuance of common stock for satisfaction of legacy acquisition liability	1,250,000
Common stock issued to convertible note holders as additional compensation		192,347
Common stock issued for interest paid-in kind on convertible notes		147,471
Issuance of common stock for satisfaction of contingent liability		$ 46,958

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	12 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1. DESCRIPTION OF BUSINESS The Glimpse Group, Inc. (“Glimpse” and together with its wholly owned subsidiaries, collectively, the “Company”) is a Virtual (VR) and Augmented (AR) Reality company, comprised of a diversified portfolio of wholly owned VR and AR software and services companies. Glimpse’s subsidiary companies are located in the United States, Turkey and Australia. The Company was incorporated in the State of Nevada in June 2016. Glimpse’s robust VR/AR ecosystem, collaborative environment and business model strive to simplify the many challenges faced by companies in an emerging industry. Glimpse cultivates, optimizes and manages business operations while providing a strong network of professional relationships, thereby allowing the subsidiary company to maximize their time and resources in pursuit of mission-critical endeavors, reducing time to market, optimizing costs, improving product quality and leveraging joint go-to-market strategies, while simultaneously providing investors an opportunity to invest directly into the VR/AR industry via a diversified platform. The Company completed an initial public offering (“IPO”) of its common stock on the Nasdaq Capital Market Exchange (“Nasdaq”) on July 1, 2021, under the ticker VRAR. In addition, pursuant to a Securities Purchase Agreement (“SPA”) the Company sold additional common stock to certain institutional investors in November 2021. See Note 9.

LIQUIDITY AND CAPITAL RESOURCES

LIQUIDITY AND CAPITAL RESOURCES	12 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
LIQUIDITY AND CAPITAL RESOURCES	NOTE 2. LIQUIDITY AND CAPITAL RESOURCES The Company incurred losses of $ 5.97 6.09 On July 1, 2021 the Company completed an IPO in which, as a result of the sale of its common shares at $ 7.00 11.8 13.6 The Company expects to continue to generate net losses for the foreseeable future as it makes investments to grow its business. Management believes that the Company’s existing balances of cash and cash equivalents, which are approximately $ 11.5

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Principles of Consolidation The accompanying consolidated financial statements include the balances of Glimpse and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Use of Accounting Estimates The preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the accompanying consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The principal estimates relate to the valuation of allowance for doubtful accounts, common stock, stock options, warrants, revenue recognition, cost of goods sold and allocation of the purchase price of assets relating to business combinations. Cash and Cash Equivalents, Restricted cash Cash and cash equivalents consist of cash and deposits in bank checking accounts with immediate access and cash equivalents that represent highly liquid investments. Restricted cash represents escrowed cash related to the Sector 5 Digital, LLC acquisition (see Note 4). The components of cash, cash equivalents and restricted cash on the consolidated statement of cash flows as of June 30, 2022 and 2021 are as follows: SCHEDULE OF COMPONENTS OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH As of June 30, 2022 2021 Cash and cash equivalents $ 16,249,666 $ 1,771,929 Restricted cash 2,000,000 - Total $ 18,249,666 $ 1,771,929 Accounts Receivable Accounts receivable consists primarily of amounts due from customers under normal trade terms. Allowances for uncollectible accounts are provided for based upon a variety of factors, including historical amounts written-off, an evaluation of current economic conditions, and assessment of customer collectability. As of June 30, 2022 and 2021 no allowance for doubtful accounts was recorded as all amounts were considered collectible. Customer Concentration and Credit Risk Two customers accounted for approximately 54 40 14 49 26 23 Two customers accounted for approximately 59 37 22 71 57 14 The Company maintains cash in accounts that, at times, may be in excess of the Federal Deposit Insurance Corporation limit. The Company has not experienced any losses on such accounts. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Equipment, net Equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. The costs of improvements and betterments are capitalized and expenditures for repairs and maintenance are expensed in the period incurred. The Company assesses the recoverability of equipment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. There was no impairment of equipment for the periods presented. Business Combinations The results of a business acquired in a business combination are included in the Company’s consolidated financial statements from the date of the acquisition. Purchase accounting results in assets and liabilities of an acquired business generally being recorded at their estimated fair values as of the acquisition date. Any excess consideration over the fair value of assets acquired and liabilities assumed is recognized as goodwill. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred. The Company performs valuations of assets acquired and liabilities assumed and allocates the purchase price to its respective assets and liabilities. Determining the fair value of assets acquired and liabilities assumed may require management to use significant judgment and estimates, including the selection of valuation methodologies, estimates of future revenues, costs and cash flows. Estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which is typically one year from the acquisition date, if new information is obtained about facts and circumstances that existed as of the acquisition date, changes in the estimated values of the net assets recorded may change the amount of the purchase price allocated to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded in the consolidated statement of operations. At times, the Company engages the assistance of valuation specialists in concluding on fair value measurements in connection with determining fair values of assets acquired and liabilities assumed in a business combination. Intangible assets (other than Goodwill) Intangibles represent the allocation of a portion of the acquisitions purchase price (see Note 5). Intangibles are stated at allocated cost less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of the related assets. The Company reviews intangibles, being amortized, for impairment when current events indicate that the fair value may be less than the carrying value. Goodwill Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations accounted for under the acquisition method. Goodwill is not amortized but instead is tested at least annually for impairment, or more frequently when events or changes in circumstances indicate that goodwill might be impaired. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Fair Value of Financial Instruments Fair value is defined 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. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy, which is based on three levels of inputs, the first two of which are considered observable and the last unobservable, that may be used to measure fair value, is as follows: ● Level 1 — quoted prices (unadjusted) in active markets for identical assets or liabilities; ● Level 2 — inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or ● Level 3 — unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company classifies its cash equivalents and investments within Level 1 of the fair value hierarchy on the basis of valuations based on quoted prices for the specific securities in an active market. The Company’s contingent consideration is categorized as Level 3 within the fair value hierarchy. Contingent consideration is recorded within contingent consideration, current and contingent consideration, non-current in the Company’s consolidated balance sheets as of June 30, 2022 and 2021. Contingent consideration has been recorded at its fair values using unobservable inputs and have included using the Monte Carlo simulation option pricing framework, incorporating contractual terms and assumptions regarding financial forecasts, discount rates, and volatility of forecasted revenue. The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management with the assistance of a third-party valuation specialist. The Company’s other financial instruments consist primarily of accounts receivable, note receivable, accounts payable, accrued liabilities and other liabilities approximate fair value due to the short-term nature of these instruments. The Company’s convertible debt approximated fair value due to its short-term nature and market rate of interest. Revenue Recognition Nature of Revenues The Company reports its revenues in two categories: ● Software Services: Virtual and Augmented Reality projects, solutions and consulting services. ● Software License and Software-as-a-Service (“SaaS”): Virtual and Augmented Reality software that is sold either as a license or as a SaaS subscription. The Company applies the following steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: ● identify the contract with a customer; ● identify the performance obligations in the contract; ● determine the transaction price; ● allocate the transaction price to performance obligations in the contract; ● recognize revenue as the performance obligation is satisfied; ● determine that collection is reasonably assured. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer or service is performed and collection is reasonably assured. A performance obligation is a promise in a contract to transfer a distinct product or service to a customer. A portion of the Company’s contracts have a single performance obligation, as the promise to transfer products or services is not separately identifiable from other promises in the contract and, therefore, not distinct. Other contracts can include various services and products which are at times capable of being distinct, and therefore may be accounted for as separate performance obligations. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products or providing services. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales taxes and other taxes are excluded from revenues. For distinct performance obligations recognized at a point in time, any unrecognized portion of revenue and any corresponding unrecognized expenses are presented as deferred revenue/contract liability and deferred costs/contract asset, respectively, in the accompanying consolidated balance sheets. Contract assets include cash and equity based payroll costs, and may include payments to consultants and vendors. For distinct performance obligations recognized over time, the Company records a contract asset (costs in excess of billings) when revenue is recognized prior to invoicing, or a contract liability (billings in excess of costs) when revenue is recognized subsequent to invoicing. Significant Judgments The Company’s contracts with customers may include promises to transfer multiple products/services. Determining whether products/services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. Further, judgment may be required to determine the standalone selling price for each distinct performance obligation. Disaggregation of Revenue The Company generated revenue for the years ended June 30, 2022 and 2021 by delivering: (i) Software Services, consisting primarily of VR/AR software projects, solutions and consulting services, and (ii) Software Licenses & SaaS, consisting primarily of VR and AR software licenses or SaaS. The Company currently generates its revenues primarily from customers in the United States. Revenue for a significant portion of Software Services projects and solutions (projects whereby, the development of the project leads to an identifiable asset with an alternative use to the Company) is recognized at the point of time in which the customer obtains control of the project, customer accepts delivery and confirms completion of the project. Software Services Revenue for Software Services consulting services and website maintenance is recognized when the Company performs the services, typically on a monthly retainer basis. Revenue for Software License is recognized at the point of time in which the Company delivers the software and customer accepts delivery. If there are significant contractually stated ongoing service obligations to be performed during the term of the Software License or SaaS contract, then revenues are recognized ratably over the term of the contract. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Timing of Revenue The timing of revenue recognition for the years ended June 30, 2022 and 2021 was as follows: SCHEDULE OF TIMING REVENUE RECOGNITION For the Years Ended June 30, 2022 2021 Products and services transferred at a point in time $ 5,181,482 $ 2,967,586 Products and services transferred/recognized over time 2,086,131 453,909 Total Revenue $ 7,267,613 $ 3,421,495 Remaining Performance Obligations Timing of revenue recognition may differ from the timing of invoicing to customers. The Company generally records a receivable/contract asset when revenue is recognized prior to invoicing, or deferred revenue/contract liability when revenue is recognized subsequent to invoicing. For certain Software Services project contracts the Company invoices customers after the project has been delivered and accepted by the customer. Software Service project contracts typically consist of designing and programming software for the customer. In most cases, there is only one distinct performance obligation, and revenue is recognized upon completion, delivery and customer acceptance. Contracts may include multiple distinct projects that can each be implemented and operated independently of subsequent projects in the contract. In such cases, the Company accounts for these projects as separate distinct performance obligations and recognizes revenue upon the completion of each project or obligation, its delivery and customer acceptance. For contracts recognized over time, contract liabilities include billings invoiced for software projects for which the contract’s performance obligations are not complete. For certain other Software Services project contracts, the Company invoices customers for a substantial portion of the project upon entering into the contract due to their custom nature and revenue is recognized based upon percentage of completion. Revenue recognized subsequent to invoicing is recorded as a deferred revenue/contract liability (billings in excess of cost) and revenue recognized prior to invoicing is recorded as a deferred cost/contract asset (cost in excess of billings). For Software Services consulting or retainer contracts, the Company generally invoices customers monthly at the beginning of each month in advance for services to be performed in the following month. The sole performance obligation is satisfied when the services are performed. Software Services consulting or retainer contracts typically consist of ongoing support for a customer’s software or specified business practices. For Software License contracts, the Company generally invoices customers when the software has been delivered to and accepted by the customer, which is also when the performance obligation is satisfied. For SaaS contracts, the Company generally invoices customers in advance at the beginning of the service term. For multi-period Software License contracts, the Company generally invoices customers annually at the beginning of each annual coverage period. Software License consist of providing clients with software designed by the Company. For Software License contracts, there are generally no ongoing support obligations unless specified in the contract (becoming a Software Service). Unfulfilled performance obligations represent amounts expected to be earned by the Company on executed contracts. As of June 30, 2022, the Company had approximately $ 2.61 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Employee Stock-Based Compensation The Company recognizes stock-based compensation expense related to grants to employees or service providers based on grant date fair values of common stock or the stock options, which are amortized over the requisite period, as well as forfeitures as they occur. The Company values the options using the Black-Scholes Merton (“Black Scholes”) method utilizing various inputs such as expected term, expected volatility and the risk-free rate. The expected term reflects the application of the simplified method, which is the weighted average of the contractual term of the grant and the vesting period for each tranche. Expected volatility is derived from a weighted average of volatility inputs for the Company since its IPO. Prior to its IPO, expected volatility is derived from a weighted average of volatility inputs for comparable software and technology service companies. The risk-free rate is based on the implied yield of U.S. Treasury notes as of the grant date with a remaining term approximately equal to the expected life of the award. Research and Development Costs Research and development expenses are expensed as incurred, and include payroll, employee benefits and stock-based compensation expense. Research and development expenses also include third-party development and programming costs. Given the emerging industry and uncertain market environment the Company operates in, research and development costs are not capitalized. Income Taxes The Company records income taxes using the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax effects attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases, and operating loss and tax credit carryforwards. The Company establishes a valuation allowance if it is more likely than not that the deferred tax assets will not be recovered based on an evaluation of objective verifiable evidence. For tax positions that are more likely than not of being sustained upon audit, the Company recognizes the largest amount of the benefit that is greater than 50% The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, Income Taxes The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest for the years ended June 30, 2022 and 2021. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Earnings Per Share Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential shares of common stock outstanding during the period using the treasury stock method. Dilutive potential common shares include the issuance of potential shares of common stock for outstanding stock options, warrants and convertible debt. Reclassifications Certain accounts in the prior period financial statements have been reclassified for comparative purposes to conform with the presentation in the current period financial statements. Recent Accounting Pronouncements Leases In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases Financial Instruments – Credit Losses In June 2016, the FASB issued a new standard to replace the incurred loss impairment methodology under current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates (ASC 326). The Company will be required to use a forward-looking expected credit loss model for accounts receivable, notes receivable, loans, and other financial instruments. Credit losses relating to available-for-sale debt securities, if any, will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. The Company does not expect to adopt this standard prior to July 1, 2023. The Company is currently evaluating the impact of this standard on its consolidated financial statements. Income Taxes In December 2019, the FASB issued ASU 2019-12 to simplify the accounting in ASC 740, Income Taxes THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	NOTE 4. ACQUISITIONS Purchase of S5D In December 2021, Glimpse entered into a Membership Interest Sale Agreement (the “Agreement”), with Sector 5 Digital, LLC (“S5D”) and each of the equity holders of S5D named therein (collectively, the “Members”). S5D is an enterprise focused, immersive technology company that combines innovative storytelling with emerging technologies for industry leading organizations. The acquisition significantly expands the Company’s operating and financial scale, introduces new tier 1 customers specifically in the defense contractor and industrial segments, and bolsters the executive management team. In February 2022, S5D became a wholly-owned subsidiary of Glimpse. The aggregate consideration consisted of: (a) $ 4.0 277,201 4.0 19.0 2.0 19.0 2.0 7.00 The fair value allocation for the purchase price consideration paid at close was recorded as follows: SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION Purchase price consideration: Cash paid to members at closing $ 4,000,000 Company common stock fair value when released from escrow at closing 2,297,303 Fair value of contingent consideration to be achieved 9,169,200 Total purchase price $ 15,466,503 Fair value allocation of purchase price: Cash and cash equivalents $ 184,106 Accounts receivable 411,602 Other current assets 10,259 Equipment, net 60,479 Other assets 9,246 Accounts payable and accrued expenses (183,806 ) Contract liability (billings in excess of cost) (451,106 ) Intangible assets - customer relationships 2,820,000 Goodwill 12,605,723 $ 15,466,503 The Company’s fair value estimate of the contingent consideration for the S5D acquisition was determined using a Monte Carlo simulation method which accounts for the probabilities of various outcomes. The Company’s fair value estimate related to the identified intangible asset of customer relationships was determined using the Multi-Period Excess Earnings Method. This valuation method requires management to project revenues, customer attrition and cash flows for the reporting unit over a multiyear period, as well as determine the weighted average cost of capital to be used as a discount rate. The goodwill recognized in connection with the acquisition is primarily attributable to new markets access and will be deductible for tax purposes. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 In accordance with GAAP, the fair value of the contingent consideration was remeasured at June 30, 2022, based on market conditions as of that date. The remeasurement resulted in a fair value amount at June 30, 2022 of $ 6.74 2.43 Unaudited Pro Forma Results The unaudited pro forma financial information in the table below summarizes the combined results of operations for Glimpse and S5D, as if the companies were combined for the years ended June 30, 2022 and 2021. The unaudited pro forma financial information includes the business combination accounting effects resulting from this acquisition, including adjustments to reflect recognition of intangible asset amortization. The unaudited pro forma financial information as presented below is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisitions had taken place at July 1, 2020. The approximate unaudited pro forma financial information if S5D was included since July 1, 2020 would be: SCHEDULE OF PROFORMA FINANCIAL INFORMATION For the Year Ended June 30, 2022 2021 Revenue $ 9,768,000 $ 5,973,000 Net loss $ (5,841,000 ) $ (6,685,000 ) The pro forma net loss was adjusted to exclude approximately $ 182,000 2.43 Costs related to the acquisition, which include legal, accounting and valuation fees, in the amount of approximately $ 182,000 The Company recognized approximately $ 1,395,000 1,784,000 2,430,800 AUGGD Asset Acquisition In August 2021, the Company, through its wholly owned subsidiary company, MotionZone, LLC (dba AUGGD), completed an acquisition of certain assets, as defined, from Augmented Reality Investments Pty Ltd (“ARI”), an Australia based company providing augmented reality software and services. Over time, the acquisition may facilitate the Company’s endeavors in the Architecture, Engineering and Construction market segments. Initial consideration for the purchase was $ 0.75 77,264 7.00 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 No liabilities were assumed as part of the acquisition and the primary assets acquired included employees, customer relationships and technology. The Company recorded the purchase price allocation as follows: SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION Intangible assets: Customer relationships $ 250,000 Technology 250,000 Goodwill 250,000 Total $ 750,000 The goodwill recognized in connection with the acquisition is primarily attributable to new markets access and will be deductible for tax purposes. In June 2022, AUGGD achieved its initial revenue threshold as defined in the asset acquisition agreement, and was issued shares of Company stock in July 2022 reflecting the payment of additional asset acquisition consideration. This additional consideration of approximately $ 0.57 The results of operations of AUGGD have been included in the Company’s consolidated financial statements from the date of acquisition and did not have a material impact on the Company’s consolidated financial statements. XR Terra Asset Acquisition In October 2021, the Company, through its wholly owned subsidiary company, XR Terra, LLC, completed an acquisition of certain assets, as defined, from XR Terra, Inc., a developer of teaching platforms utilized in coding software used in VR and AR programming, a potential strategic growth segment for the Company as the immersive technology industry expands. Initial consideration for the purchase was $ 0.60 50% in Company common stock and 50% in cash 0.30 33,877 7.00 No liabilities were assumed as part of the acquisition and the primary assets acquired included employees and technology. The Company recorded the purchase price allocation as follows: SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION Intangible assets: Technology $ 300,000 Goodwill 300,000 Total $ 600,000 The goodwill recognized in connection with the acquisition is primarily attributable to new markets access and will be deductible for tax purposes. The results of operations of XR Terra have been included in the Company’s consolidated financial statements from the date of acquisition and did not have a material impact on the Company’s consolidated financial statements. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 PulpoAR Asset Acquisition In May 2022, the Company, through its wholly owned subsidiary companies, Qreal, LLC and PulpoAR, LLC, completed an acquisition of certain assets, as defined, from PulpoAR Pulpoar Bilisim Anonim Sirketi, a Turkey based AR technology e-commerce company providing virtual try-on solutions primarily for the Beauty and Retail markets. Upon integration, PulpoAR’s technology is expected to propel the business development efforts of QReal. Initial consideration for the purchase was $ 2.0 75% in Company common stock (subject to a common stock floor price as defined) and 25% in cash 0.50 214,286 7.00 No liabilities were assumed as part of the acquisition and the primary assets acquired included employees and technology. The Company recorded the purchase price allocation as follows: SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION Intangible assets: Technology $ 925,000 Goodwill 309,037 Total $ 1,234,037 The goodwill recognized in connection with the acquisition is primarily attributable to new markets access and will be deductible for tax purposes. The results of operations of PulpoAR have been included in the Company’s consolidated financial statements from the date of acquisition and did not have a material impact on the Company’s consolidated financial statements. All acquisitions above were considered business combinations in accordance with GAAP. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 5. INTANGIBLE ASSETS Intangible assets, their respective amortization period, and accumulated amortization at June 30, 2022 are as follows: SCHEDULE OF INTANGIBLE ASSETS, AMORTIZATION PERIOD AND ACCUMULATED AMORTIZATION As of June 30, 2022 Value ($) Amortization Period (Years) S5D AUGGD XR Terra PulpoAR Total Intangible Assets Customer Relationships $ 2,820,000 $ 250,000 $ - - $ 3,070,000 5 3 Technology - 250,000 300,000 925,000 1,475,000 3 Less: Accumulated Amortization (235,000 ) (145,824 ) (74,997 ) (25,694 ) (481,515 ) Intangible Assets, net $ 2,585,000 $ 354,176 $ 225,003 $ 899,306 $ 4,063,485 Intangible asset amortization expense for the year ended June 30, 2022 was approximately $ 482,000 Estimated intangible asset amortization expense for the next five years is as follow: SCHEDULE OF INTANGIBLE ASSET AMORTIZATION EXPENSE Fiscal Year Ended June 30, 2023 $ 1,139,000 Fiscal Year Ended June 30, 2024 $ 1,139,000 Fiscal Year Ended June 30, 2025 $ 893,000 Fiscal Year Ended June 30, 2026 $ 564,000 Fiscal Year Ended June 30, 2027 $ 329,000

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Jun. 30, 2022
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS	NOTE 6. FINANCIAL INSTRUMENTS Cash and Cash Equivalents and Investments The Company’s money market funds and investments (short term, investment grade corporate bonds) are categorized as Level 1 within the fair value hierarchy. As of June 30, 2022, the Company’s cash and cash equivalents and investments were as follows: SCHEDULE OF CASH AND CASH EQUIVALENTS AND INVESTMENTS As of June 30, 2022 Cost Unrealized Gain (Loss) Fair Value Cash and Cash Equivalents Investments Cash $ 1,233,608 $ - $ 1,233,608 Level 1: Money market funds 15,016,058 - 15,016,058 15,016,058 Total cash and cash equivalents $ 16,249,666 $ - $ 15,016,058 $ 16,249,666 Level 1: Investments $ 245,187 $ (5,873 ) $ 239,314 $ 239,314 As of June 30, 2021, cash and cash equivalents consisted only of cash. Contingent Consideration As of June 30, 2022, the Company’s contingent consideration liabilities related to the acquisitions are categorized as Level 3 within the fair value hierarchy. Contingent consideration was valued at the time of acquisitions and at June 30, 2022 using unobservable inputs and have included using the Monte Carlo simulation model. This model incorporates revenue volatility, internal rate of return, and risk-free rate. The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management with the assistance of a third-party valuation specialist. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 A summary of the quantitative significant inputs used to value S5D’s contingent consideration as of June 30, 2022 was: revenue volatility of 60.1 12.6 3.0 As of June 30, 2022, the Company’s contingent consideration liability related to AUGGD is categorized as Level 3 within the fair value hierarchy as it is based on contractual amounts pursuant to the acquisition agreement. As of June 30, 2022, the Company’s contingent consideration liabilities current and non-current balances were as follows: SCHEDULE OF FAIR VALUE OF CONTINGENT CONSIDERATION Cost Changes in Fair Value Fair Value Contingent Consideration As of June 30, 2022 Cost Changes in Fair Value Fair Value Contingent Consideration Level 3: Contingent consideration, current - S5D $ 2,060,300 $ (662,700 ) $ 1,397,600 $ 1,397,600 Contingent consideration, current - AUGGD 568,571 - 568,571 568,571 Total contingent consideration, current $ 2,628,871 $ (662,700 ) $ 1,966,171 $ 1,966,171 Level 3: Contingent consideration, non-current - S5D $ 7,108,900 $ (1,768,100 ) $ 5,340,800 $ 5,340,800 Contingent consideration, non-current $ 7,108,900 $ (1,768,100 ) $ 5,340,800 $ 5,340,800 As of June 30, 2021, the Company’s contingent consideration liabilities related to legacy acquisitions (see Note 13) are categorized as Level 3 within the fair value hierarchy as they are based on contractual amounts pursuant to the respective acquisition agreements. As of June 30, 2021, the Company’s contingent consideration liabilities current balances were as follows: Cost Changes in Fair Value Fair Value Contingent Consideration As of June 30, 2021 Cost Changes in Fair Value Fair Value Contingent Consideration Level 3: Contingent consideration, current $ - $ 1,250,000 $ 1,250,000 $ 1,250,000

DEFERRED COSTS_CONTRACT ASSETS

DEFERRED COSTS/CONTRACT ASSETS and DEFERRED REVENUE/CONTRACT LIABILITIES	12 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
DEFERRED COSTS/CONTRACT ASSETS and DEFERRED REVENUE/CONTRACT LIABILITIES	NOTE 7. DEFERRED COSTS/CONTRACT ASSETS and DEFERRED REVENUE/CONTRACT LIABILITIES At June 30, 2022 and 2021, deferred costs/contract assets totaling $ 39,484 29,512 35,469 29,512 4,015 0 841,389 98,425 533,214 98,425 308,175 0 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 The following table shows the reconciliation of the costs in excess of billings and billings in excess of costs for contracts recognized over time: SCHEDULE OF RECONCILIATION OF COST IN EXCESS OF BILLING FOR CONTRACT RECOGNIZED OVER TIME As of June 30, 2022 Cost incurred on uncompleted contracts $ 199,571 Estimated earnings 437,944 Earned revenue 637,515 Less: billings to date 941,676 Billings in excess of costs, net $ (304,161 ) Balance Sheet Classification Contract assets includes, costs and estimated earnings in excess of billings on uncompleted contracts $ 4,015 Contract liabilities includes, billings in excess of costs and estimated earnings on uncompleted contracts (308,175 ) Billings in excess of costs, net $ (304,161 )

DEBT

DEBT	12 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
DEBT	NOTE 8. DEBT Convertible Promissory Notes 1 In December 2019 the Company raised $ 1.33 three-year The Notes 1 bore an interest rate of 10 Interest expense on the Notes 1 was approximately $ 103,000 The Notes 1 were convertible by a Note 1 holder at any time during the term into common stock of the Company at a fixed price of $4.50/share, or approximately 295,000 In December 2020 and primarily in January 2021, Note 1 holders converted approximately $ 1.21 0.33 4.00 0.52 The holders of the remaining unconverted Notes 1, equating to approximately $ 117,000 8,000 4.25 The Company recorded a loss, during the year ended June 30, 2022, on conversion of the remaining Notes 1 of approximately $ 18,000 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Convertible Promissory Notes 2 In March 2021, the Company raised $ 1.48 The Notes 2 bore an interest rate of 10 Interest expense on the Notes 2 was approximately $ 78,000 The Notes 2 were convertible by a note holder at any time during the term into common stock of the Company at a fixed price of $ 5.00 295,000 March 5, 2023 5.00 1.313 0.16 The Company recorded a loss, during the year ended June 30, 2022, on conversion of the Notes 2 of approximately $ 0.26 Paycheck Protection Program Loan In March 2022 and February 2021, the Small Business Administration forgave principal and interest on $ 0.62 0.55

EQUITY

EQUITY	12 Months Ended
	Jun. 30, 2022
Equity [Abstract]
EQUITY	NOTE 9. EQUITY Initial Public Offering (“IPO”) On July 1, 2021, the Company completed an IPO of common stock on the Nasdaq under the symbol “VRAR”, at a price of $ 7.00 The Company sold approximately 1.91 11.82 In connection with the IPO, and for services rendered, the underwriter was issued a warrant to purchase 87,500 7.00 0.52 5 129 0.87 0 As stated in Note 8, in conjunction with the IPO, the outstanding convertible promissory Notes 1 and 2 were satisfied in full through the issuance of 324,150 0.28 Securities Purchase Agreement (“SPA”) In November 2021, the Company sold $ 15.0 13.58 Under the terms of the SPA, the Company sold 1.50 0.75 10.00 14.63 0.56 five years 0.19 5 146 1.22 0 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Common Stock Issued Common stock sold to Investors During the year ended June 30, 2022, the Company sold approximately 1.91 7.00 11.82 1.50 0.75 13.58 During the year ended June 30, 2021, the Company sold approximately 77,000 4.50 0.35 Common stock issued to Investors During the year ended June 30, 2022, in connection with the conversion of convertible promissory notes and in conjunction with the IPO, the Company issued approximately 324,000 332,000 74,000 Common stock issued for Acquisitions During the year ended June 30, 2022, the Company issued approximately 111,000 1.05 277,000 2.30 Common stock issued for satisfaction of contingent consideration During the year ended June 30, 2022 the Company issued approximately 453,000 1.25 32,000 Common stock issued to Vendors During the years ended June 30, 2022 and 2021, the Company issued approximately 20,000 29,000 198,000 134,000 Common stock issued for Exercise of Stock Options During the year ended June 30, 2022, the Company issued approximately 560,000 1.33 Common stock-based Compensation expense During the year ended June 30, 2022, the Company issued approximately 11,000 96,000 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Employee Stock-Based Compensation The Company’s 2016 Equity Incentive Plan (the “Plan”), as amended, has approximately 10.62 5.17 The Company recognizes compensation expense relating to awards ratably over the requisite period, which is generally the vesting period. Stock options have been recorded at their fair value. The Black-Scholes option-pricing model assumptions used to value the issuance of stock options under the Plan, are noted in the following table: SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTIONS 2022 2021 For the Years Ended June 30, 2022 2021 Weighted average expected terms (in years) 5.7 5.3 Weighted average expected volatility 236.7 % 126.6 % Weighted average risk-free interest rate 1.7 % 0.5 % Expected dividend yield 0.0 % 0.0 % The grant date fair value, for options granted during the years ended June 30, 2022 and 2021 was approximately $ 8.83 2.94 The following is a summary of the Company’s stock option activity for the years ended June 30, 2022 and 2021: SUMMARY OF STOCK OPTION ACTIVITY Weighted Average Remaining Exercise Contractual Intrinsic Options Price Term (Yrs) Value Outstanding at July 1, 2020 4,092,593 $ 3.19 8.4 $ 5,553,916 Options Granted 766,419 4.66 9.7 383,210 Options Exercised - - - - Options Forfeited / Cancelled (118,102 ) 4.28 8.9 (89,956 ) Outstanding at June 30, 2021 4,740,910 $ 3.40 8.5 $ 7,893,467 Exercisable at June 30, 2021 4,346,734 $ 3.29 8.4 $ 7,659,692 Weighted Average Remaining Exercise Contractual Intrinsic Options Price Term (Yrs) Value Outstanding at July 1, 2021 4,740,910 $ 3.40 8.5 $ 7,893,467 Options Granted 1,037,252 9.15 9.6 2,578,954 Options Exercised (969,775 ) 2.90 5.4 (8,419,947 ) Options Forfeited / Cancelled (323,771 ) 5.65 7.9 (1,908,018 ) Outstanding at June 30, 2022 4,484,616 $ 4.68 7.0 $ 2,404,249 Exercisable at June 30, 2022 3,546,297 $ 3.54 6.3 $ 2,404,249 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 The Company’s stock option-based expense for the years ended June 30, 2022 and 2021 consisted of the following: SCHEDULE OF STOCK OPTION-BASED EXPENSE Year Ended Year Ended Stock option-based expense: Research and development expenses $ 1,470,039 $ 1,381,168 General and administrative expenses 210,876 373,506 Sales and marketing expenses 585,380 477,561 Cost of goods sold 49,617 526,156 Board option expense 481,386 187,096 Total $ 2,797,298 $ 2,945,487 At June 30, 2022 total unrecognized compensation expense to employees, board members and vendors related to stock options was approximately $ 6.71 2.42 The intrinsic value of stock options at June 30, 2022 and 2021 was computed using a fair market value of the common stock of $ 3.98 5.00

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 10. EARNINGS PER SHARE The following table presents the computation of basic and diluted net loss per common share: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE For the Years Ended June 31 Numerator: 2022 2021 Net loss $ (5,966,287 ) $ (6,091,687 ) Denominator: Weighted-average common shares outstanding for basic and diluted net loss per share 11,731,383 7,259,249 Basic and diluted net loss per share $ (0.51 ) $ (0.84 ) Potentially dilutive securities that were not included in the calculation of diluted net loss per share attributable to common stockholders because their effect would be anti-dilutive are as follows (in common equivalent shares): SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES At June 30, 2022 At June 30, 2021 Stock Options 4,484,616 4,740,910 Warrants 837,500 - Convertible Notes - 324,150 Total 5,322,116 5,065,060 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021

PROVISION FOR INCOME TAXES

PROVISION FOR INCOME TAXES	12 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
PROVISION FOR INCOME TAXES	NOTE 11. PROVISION FOR INCOME TAXES There was no The Company’s deferred tax assets as of June 30, 2022 and 2021 consist of the following: SCHEDULE OF DEFERRED TAX ASSETS 2022 2021 As of June 30, As of June 30, 2022 2021 Deferred tax assets: Net-operating loss carryforward $ 7,795,509 $ 3,923,012 Stock-based compensation 392,174 536,265 Intangible asset amortization and other 180,297 - Total Deferred Tax Assets 8,367,980 4,459,277 Valuation allowance (8,367,980 ) (4,459,277 ) Deferred Tax Asset, Net $ - $ - The Company maintains a valuation allowance on deferred tax assets due to the uncertainty regarding the ability to utilize these deferred tax assets in the future. At June 30, 2022, the Company had potential utilizable aggregate net operating loss carryforwards (“NOLs”) of approximately $ 22.56 NOLs for the periods ending June 30, 2018 and prior ($ 2.88 19.68 Section 382 of the U.S. Internal Revenue Code generally imposes an annual limitation on the amount of net operating loss carryforwards that might be used to offset taxable income when a corporation has undergone significant changes in stock ownership. The Company has not completed a Section 382 analysis of the NOL carryforwards. Consequently, the Company’s NOL carryforwards may be subject to annual limitations under Section 382. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and taxing strategies in making this assessment. As a result of the uncertainty in the realization of the Company’s deferred tax assets, the Company has provided a valuation allowance for the full amount of the deferred tax assets at June 30, 2022 and June 30, 2021. The Company’s valuation allowance during the years ended June 30, 2022 and 2021 increased by approximately $ 3.91 1.30 The expected tax expense (benefit) based on the U.S. federal statutory rate is reconciled with actual tax expense (benefit) as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE For the year ended For the year ended Statutory Federal Income Tax Rate (21.00 )% (21.00 )% State and Local Taxes, Net of Federal Tax Benefit (13.56 )% (13.56 )% Stock Based Compensation Expense (ISO) 12.78 % 13.20 % Change in Valuation Allowance 21.78 % 21.36 % Income Taxes Provision (Benefit) 0.00 0.00 Upon completion of its 2022 U.S. income tax return, the Company may identify additional remeasurement adjustments. The Company will continue to assess its provision for income taxes as future guidance is issued, but does not currently anticipate significant revisions will be necessary. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12. RELATED PARTY TRANSACTIONS ARI In March 2022, the Company lent to ARI, the entity from which the assets of AUGGD were bought (see Note 4), $ 0.25 The note bears interest at the rate of 1 The Company recognized no The note was extinguished subsequent to June 30, 2022. See note 14. Debt The convertible promissory Notes 1 included participation by the Company’s executives and independent members of the Company’s Board in the amount of $ 0.2

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 13. COMMITMENTS AND CONTINGENCIES Operating Leases New York The Company has an office space lease expiring on December 31, 2024. Texas The Company has an office space lease expiring, as amended, on February 28, 2025. The lease requires the Company to pay a pro-rata share of common area maintenance, insurance and real estate taxes. Turkey The Company has four office space leases expiring in November 2022 through January 2023. The approximate future aggregate minimum rental commitments under all non-cancelable operating leases (including common area maintenance) are as follows: SCHEDULE OF OPERATING LEASES MINIMUM RENTAL COMMITMENT Fiscal Year Ended June 30, 2023 $ 390,000 Fiscal Year Ended June 30, 2024 $ 309,000 Fiscal Year Ended June 30, 2025 $ 178,000 Rent expense for the years ended June 30, 2022 and 2021 was approximately $ 408,000 296,000 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Contingent Consideration for Acquisitions Contingent consideration for acquisitions, consists of the following as of June 30, 2022 and 2021, respectively: SCHEDULE OF CONTINGENT CONSIDERATION FOR ACQUISITIONS 2022 2021 As of June 30, 2022 2021 S5D, current portion (see Note 4) $ 1,397,600 $ - AUGGD (see Note 4) 568,571 - Kabaq 3D Technologies, LLC - 750,000 KreatAR, LLC - 500,000 Subtotal $ 1,966,171 $ 1,250,000 S5D, net of current portion (see Note 4) 5,340,800 - Total contingent consideration for acquisitions $ 7,306,971 $ 1,250,000 Kabaq 3D Technologies, LLC The Company’s November 2016 acquisition of assets relating to the acquisition of Kabaq 3D Technologies, LLC contained a provision for additional acquisition consideration triggered by a potential listing of the Company’s common stock on a national securities exchange and certain stock trading volume thresholds. In August 2021, the milestones triggering the additional consideration were met and the Company incurred $ 0.75 375,000 2.00 KreatAR, LLC The Company’s October 2016 acquisition of assets relating to the acquisitions of KreatAR, LLC contained a provision for additional acquisition consideration triggered by a potential listing of the Company’s common stock on a national securities exchange and certain stock trading volume thresholds. In August 2021, the milestones triggering the additional consideration were met. In connection therewith, the Company incurred $ 0.5 35,000 2.00 42,978 0.43 Potential Future Distributions Upon Divestiture or Sale Upon a divestiture or sale of a subsidiary company, the Company is contractually obligated to distribute up to 10% of the net proceeds from such divestiture or sale to the senior management team of the divested subsidiary company. Currently, there were no active discussions pertaining to a potential divestiture or sale of any of the Company’s subsidiaries. COVID-19 The COVID-19 pandemic caused significant business and financial markets disruption worldwide and there was significant uncertainty around the duration of this disruption and its ongoing effects on our business. This has primarily manifested itself in prolonged sales cycles. We continue to monitor the situation and the effects on our business and operations. While some level of potential uncertainty remains, given the current state of the pandemic, our expected revenue growth and current cash balance, we do not expect the impact of COVID-19 to be material to our business and operations. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14. SUBSEQUENT EVENTS Purchase of Brightline Interactive, LLC In May 2022, the Company entered into an Agreement and Plan of Merger (the “BLI Agreement”) to purchase all of the membership interests of Brightline Interactive, LLC (“BLI”), an immersive technology company that provides VR and AR based training scenarios and simulations for commercial and government customers. The transaction’s total potential purchase price is $ 32.5 8.0 3.0 5.0 0.71 24.5 12 7.00 In August 2022, the BLI transaction closed and BLI became a wholly-owned subsidiary of the Company. $ 3 0.71 BLI had revenue for the year ended December 31, 2021 of approximately $ 5 The Company is currently in the process of determining its potential contingent liability for the purchase, as well as allocation of the purchase price amongst the assets purchased, intangible assets, goodwill and liabilities assumed. Accordingly, these amounts are not included here. Extinguishment of ARI Note Receivable In July 2022, the Company and ARI agreed to extinguish the note, including all accrued interest. The note amount reduced the amount the Company owed ARI for AUGGD achieving its initial revenue threshold as defined in the asset purchase agreement.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the balances of Glimpse and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021
Use of Accounting Estimates	Use of Accounting Estimates The preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the accompanying consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The principal estimates relate to the valuation of allowance for doubtful accounts, common stock, stock options, warrants, revenue recognition, cost of goods sold and allocation of the purchase price of assets relating to business combinations.
Cash and Cash Equivalents, Restricted cash	Cash and Cash Equivalents, Restricted cash Cash and cash equivalents consist of cash and deposits in bank checking accounts with immediate access and cash equivalents that represent highly liquid investments. Restricted cash represents escrowed cash related to the Sector 5 Digital, LLC acquisition (see Note 4). The components of cash, cash equivalents and restricted cash on the consolidated statement of cash flows as of June 30, 2022 and 2021 are as follows: SCHEDULE OF COMPONENTS OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH As of June 30, 2022 2021 Cash and cash equivalents $ 16,249,666 $ 1,771,929 Restricted cash 2,000,000 - Total $ 18,249,666 $ 1,771,929
Accounts Receivable	Accounts Receivable Accounts receivable consists primarily of amounts due from customers under normal trade terms. Allowances for uncollectible accounts are provided for based upon a variety of factors, including historical amounts written-off, an evaluation of current economic conditions, and assessment of customer collectability. As of June 30, 2022 and 2021 no allowance for doubtful accounts was recorded as all amounts were considered collectible.
Customer Concentration and Credit Risk	Customer Concentration and Credit Risk Two customers accounted for approximately 54 40 14 49 26 23 Two customers accounted for approximately 59 37 22 71 57 14 The Company maintains cash in accounts that, at times, may be in excess of the Federal Deposit Insurance Corporation limit. The Company has not experienced any losses on such accounts. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021
Equipment, net	Equipment, net Equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. The costs of improvements and betterments are capitalized and expenditures for repairs and maintenance are expensed in the period incurred. The Company assesses the recoverability of equipment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. There was no impairment of equipment for the periods presented.
Business Combinations	Business Combinations The results of a business acquired in a business combination are included in the Company’s consolidated financial statements from the date of the acquisition. Purchase accounting results in assets and liabilities of an acquired business generally being recorded at their estimated fair values as of the acquisition date. Any excess consideration over the fair value of assets acquired and liabilities assumed is recognized as goodwill. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred. The Company performs valuations of assets acquired and liabilities assumed and allocates the purchase price to its respective assets and liabilities. Determining the fair value of assets acquired and liabilities assumed may require management to use significant judgment and estimates, including the selection of valuation methodologies, estimates of future revenues, costs and cash flows. Estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which is typically one year from the acquisition date, if new information is obtained about facts and circumstances that existed as of the acquisition date, changes in the estimated values of the net assets recorded may change the amount of the purchase price allocated to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded in the consolidated statement of operations. At times, the Company engages the assistance of valuation specialists in concluding on fair value measurements in connection with determining fair values of assets acquired and liabilities assumed in a business combination.
Intangible assets (other than Goodwill)	Intangible assets (other than Goodwill) Intangibles represent the allocation of a portion of the acquisitions purchase price (see Note 5). Intangibles are stated at allocated cost less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of the related assets. The Company reviews intangibles, being amortized, for impairment when current events indicate that the fair value may be less than the carrying value.
Goodwill	Goodwill Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations accounted for under the acquisition method. Goodwill is not amortized but instead is tested at least annually for impairment, or more frequently when events or changes in circumstances indicate that goodwill might be impaired. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined 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. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy, which is based on three levels of inputs, the first two of which are considered observable and the last unobservable, that may be used to measure fair value, is as follows: ● Level 1 — quoted prices (unadjusted) in active markets for identical assets or liabilities; ● Level 2 — inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or ● Level 3 — unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company classifies its cash equivalents and investments within Level 1 of the fair value hierarchy on the basis of valuations based on quoted prices for the specific securities in an active market. The Company’s contingent consideration is categorized as Level 3 within the fair value hierarchy. Contingent consideration is recorded within contingent consideration, current and contingent consideration, non-current in the Company’s consolidated balance sheets as of June 30, 2022 and 2021. Contingent consideration has been recorded at its fair values using unobservable inputs and have included using the Monte Carlo simulation option pricing framework, incorporating contractual terms and assumptions regarding financial forecasts, discount rates, and volatility of forecasted revenue. The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management with the assistance of a third-party valuation specialist. The Company’s other financial instruments consist primarily of accounts receivable, note receivable, accounts payable, accrued liabilities and other liabilities approximate fair value due to the short-term nature of these instruments. The Company’s convertible debt approximated fair value due to its short-term nature and market rate of interest.
Revenue Recognition	Revenue Recognition Nature of Revenues The Company reports its revenues in two categories: ● Software Services: Virtual and Augmented Reality projects, solutions and consulting services. ● Software License and Software-as-a-Service (“SaaS”): Virtual and Augmented Reality software that is sold either as a license or as a SaaS subscription. The Company applies the following steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: ● identify the contract with a customer; ● identify the performance obligations in the contract; ● determine the transaction price; ● allocate the transaction price to performance obligations in the contract; ● recognize revenue as the performance obligation is satisfied; ● determine that collection is reasonably assured. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer or service is performed and collection is reasonably assured. A performance obligation is a promise in a contract to transfer a distinct product or service to a customer. A portion of the Company’s contracts have a single performance obligation, as the promise to transfer products or services is not separately identifiable from other promises in the contract and, therefore, not distinct. Other contracts can include various services and products which are at times capable of being distinct, and therefore may be accounted for as separate performance obligations. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products or providing services. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales taxes and other taxes are excluded from revenues. For distinct performance obligations recognized at a point in time, any unrecognized portion of revenue and any corresponding unrecognized expenses are presented as deferred revenue/contract liability and deferred costs/contract asset, respectively, in the accompanying consolidated balance sheets. Contract assets include cash and equity based payroll costs, and may include payments to consultants and vendors. For distinct performance obligations recognized over time, the Company records a contract asset (costs in excess of billings) when revenue is recognized prior to invoicing, or a contract liability (billings in excess of costs) when revenue is recognized subsequent to invoicing. Significant Judgments The Company’s contracts with customers may include promises to transfer multiple products/services. Determining whether products/services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. Further, judgment may be required to determine the standalone selling price for each distinct performance obligation. Disaggregation of Revenue The Company generated revenue for the years ended June 30, 2022 and 2021 by delivering: (i) Software Services, consisting primarily of VR/AR software projects, solutions and consulting services, and (ii) Software Licenses & SaaS, consisting primarily of VR and AR software licenses or SaaS. The Company currently generates its revenues primarily from customers in the United States. Revenue for a significant portion of Software Services projects and solutions (projects whereby, the development of the project leads to an identifiable asset with an alternative use to the Company) is recognized at the point of time in which the customer obtains control of the project, customer accepts delivery and confirms completion of the project. Software Services Revenue for Software Services consulting services and website maintenance is recognized when the Company performs the services, typically on a monthly retainer basis. Revenue for Software License is recognized at the point of time in which the Company delivers the software and customer accepts delivery. If there are significant contractually stated ongoing service obligations to be performed during the term of the Software License or SaaS contract, then revenues are recognized ratably over the term of the contract. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021 Timing of Revenue The timing of revenue recognition for the years ended June 30, 2022 and 2021 was as follows: SCHEDULE OF TIMING REVENUE RECOGNITION For the Years Ended June 30, 2022 2021 Products and services transferred at a point in time $ 5,181,482 $ 2,967,586 Products and services transferred/recognized over time 2,086,131 453,909 Total Revenue $ 7,267,613 $ 3,421,495 Remaining Performance Obligations Timing of revenue recognition may differ from the timing of invoicing to customers. The Company generally records a receivable/contract asset when revenue is recognized prior to invoicing, or deferred revenue/contract liability when revenue is recognized subsequent to invoicing. For certain Software Services project contracts the Company invoices customers after the project has been delivered and accepted by the customer. Software Service project contracts typically consist of designing and programming software for the customer. In most cases, there is only one distinct performance obligation, and revenue is recognized upon completion, delivery and customer acceptance. Contracts may include multiple distinct projects that can each be implemented and operated independently of subsequent projects in the contract. In such cases, the Company accounts for these projects as separate distinct performance obligations and recognizes revenue upon the completion of each project or obligation, its delivery and customer acceptance. For contracts recognized over time, contract liabilities include billings invoiced for software projects for which the contract’s performance obligations are not complete. For certain other Software Services project contracts, the Company invoices customers for a substantial portion of the project upon entering into the contract due to their custom nature and revenue is recognized based upon percentage of completion. Revenue recognized subsequent to invoicing is recorded as a deferred revenue/contract liability (billings in excess of cost) and revenue recognized prior to invoicing is recorded as a deferred cost/contract asset (cost in excess of billings). For Software Services consulting or retainer contracts, the Company generally invoices customers monthly at the beginning of each month in advance for services to be performed in the following month. The sole performance obligation is satisfied when the services are performed. Software Services consulting or retainer contracts typically consist of ongoing support for a customer’s software or specified business practices. For Software License contracts, the Company generally invoices customers when the software has been delivered to and accepted by the customer, which is also when the performance obligation is satisfied. For SaaS contracts, the Company generally invoices customers in advance at the beginning of the service term. For multi-period Software License contracts, the Company generally invoices customers annually at the beginning of each annual coverage period. Software License consist of providing clients with software designed by the Company. For Software License contracts, there are generally no ongoing support obligations unless specified in the contract (becoming a Software Service). Unfulfilled performance obligations represent amounts expected to be earned by the Company on executed contracts. As of June 30, 2022, the Company had approximately $ 2.61 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021
Employee Stock-Based Compensation	Employee Stock-Based Compensation The Company recognizes stock-based compensation expense related to grants to employees or service providers based on grant date fair values of common stock or the stock options, which are amortized over the requisite period, as well as forfeitures as they occur. The Company values the options using the Black-Scholes Merton (“Black Scholes”) method utilizing various inputs such as expected term, expected volatility and the risk-free rate. The expected term reflects the application of the simplified method, which is the weighted average of the contractual term of the grant and the vesting period for each tranche. Expected volatility is derived from a weighted average of volatility inputs for the Company since its IPO. Prior to its IPO, expected volatility is derived from a weighted average of volatility inputs for comparable software and technology service companies. The risk-free rate is based on the implied yield of U.S. Treasury notes as of the grant date with a remaining term approximately equal to the expected life of the award.
Research and Development Costs	Research and Development Costs Research and development expenses are expensed as incurred, and include payroll, employee benefits and stock-based compensation expense. Research and development expenses also include third-party development and programming costs. Given the emerging industry and uncertain market environment the Company operates in, research and development costs are not capitalized.
Income Taxes	Income Taxes The Company records income taxes using the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax effects attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases, and operating loss and tax credit carryforwards. The Company establishes a valuation allowance if it is more likely than not that the deferred tax assets will not be recovered based on an evaluation of objective verifiable evidence. For tax positions that are more likely than not of being sustained upon audit, the Company recognizes the largest amount of the benefit that is greater than 50% The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, Income Taxes The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest for the years ended June 30, 2022 and 2021. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021
Earnings Per Share	Earnings Per Share Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential shares of common stock outstanding during the period using the treasury stock method. Dilutive potential common shares include the issuance of potential shares of common stock for outstanding stock options, warrants and convertible debt.
Reclassifications	Reclassifications Certain accounts in the prior period financial statements have been reclassified for comparative purposes to conform with the presentation in the current period financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Leases In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases Financial Instruments – Credit Losses In June 2016, the FASB issued a new standard to replace the incurred loss impairment methodology under current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates (ASC 326). The Company will be required to use a forward-looking expected credit loss model for accounts receivable, notes receivable, loans, and other financial instruments. Credit losses relating to available-for-sale debt securities, if any, will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. The Company does not expect to adopt this standard prior to July 1, 2023. The Company is currently evaluating the impact of this standard on its consolidated financial statements. Income Taxes In December 2019, the FASB issued ASU 2019-12 to simplify the accounting in ASC 740, Income Taxes THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2022 AND 2021

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SCHEDULE OF COMPONENTS OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH	The components of cash, cash equivalents and restricted cash on the consolidated statement of cash flows as of June 30, 2022 and 2021 are as follows: SCHEDULE OF COMPONENTS OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH As of June 30, 2022 2021 Cash and cash equivalents $ 16,249,666 $ 1,771,929 Restricted cash 2,000,000 - Total $ 18,249,666 $ 1,771,929
SCHEDULE OF TIMING REVENUE RECOGNITION	The timing of revenue recognition for the years ended June 30, 2022 and 2021 was as follows: SCHEDULE OF TIMING REVENUE RECOGNITION For the Years Ended June 30, 2022 2021 Products and services transferred at a point in time $ 5,181,482 $ 2,967,586 Products and services transferred/recognized over time 2,086,131 453,909 Total Revenue $ 7,267,613 $ 3,421,495

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Jun. 30, 2022
Augmented Reality Investments Pty Ltd [Member]
Business Acquisition [Line Items]
SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION	SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION Intangible assets: Customer relationships $ 250,000 Technology 250,000 Goodwill 250,000 Total $ 750,000
XR Terra, Inc. [Member]
Business Acquisition [Line Items]
SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION	SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION Intangible assets: Technology $ 300,000 Goodwill 300,000 Total $ 600,000
PulpoAR, LLC [Member]
Business Acquisition [Line Items]
SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION	SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION Intangible assets: Technology $ 925,000 Goodwill 309,037 Total $ 1,234,037
Sector 5 Digital, LLC [Member]
Business Acquisition [Line Items]
SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION	The fair value allocation for the purchase price consideration paid at close was recorded as follows: SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION Purchase price consideration: Cash paid to members at closing $ 4,000,000 Company common stock fair value when released from escrow at closing 2,297,303 Fair value of contingent consideration to be achieved 9,169,200 Total purchase price $ 15,466,503 Fair value allocation of purchase price: Cash and cash equivalents $ 184,106 Accounts receivable 411,602 Other current assets 10,259 Equipment, net 60,479 Other assets 9,246 Accounts payable and accrued expenses (183,806 ) Contract liability (billings in excess of cost) (451,106 ) Intangible assets - customer relationships 2,820,000 Goodwill 12,605,723 $ 15,466,503
SCHEDULE OF PROFORMA FINANCIAL INFORMATION	The approximate unaudited pro forma financial information if S5D was included since July 1, 2020 would be: SCHEDULE OF PROFORMA FINANCIAL INFORMATION For the Year Ended June 30, 2022 2021 Revenue $ 9,768,000 $ 5,973,000 Net loss $ (5,841,000 ) $ (6,685,000 )

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSETS, AMORTIZATION PERIOD AND ACCUMULATED AMORTIZATION	Intangible assets, their respective amortization period, and accumulated amortization at June 30, 2022 are as follows: SCHEDULE OF INTANGIBLE ASSETS, AMORTIZATION PERIOD AND ACCUMULATED AMORTIZATION As of June 30, 2022 Value ($) Amortization Period (Years) S5D AUGGD XR Terra PulpoAR Total Intangible Assets Customer Relationships $ 2,820,000 $ 250,000 $ - - $ 3,070,000 5 3 Technology - 250,000 300,000 925,000 1,475,000 3 Less: Accumulated Amortization (235,000 ) (145,824 ) (74,997 ) (25,694 ) (481,515 ) Intangible Assets, net $ 2,585,000 $ 354,176 $ 225,003 $ 899,306 $ 4,063,485
SCHEDULE OF INTANGIBLE ASSET AMORTIZATION EXPENSE	Estimated intangible asset amortization expense for the next five years is as follow: SCHEDULE OF INTANGIBLE ASSET AMORTIZATION EXPENSE Fiscal Year Ended June 30, 2023 $ 1,139,000 Fiscal Year Ended June 30, 2024 $ 1,139,000 Fiscal Year Ended June 30, 2025 $ 893,000 Fiscal Year Ended June 30, 2026 $ 564,000 Fiscal Year Ended June 30, 2027 $ 329,000

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Jun. 30, 2022
Investments, All Other Investments [Abstract]
SCHEDULE OF CASH AND CASH EQUIVALENTS AND INVESTMENTS	SCHEDULE OF CASH AND CASH EQUIVALENTS AND INVESTMENTS As of June 30, 2022 Cost Unrealized Gain (Loss) Fair Value Cash and Cash Equivalents Investments Cash $ 1,233,608 $ - $ 1,233,608 Level 1: Money market funds 15,016,058 - 15,016,058 15,016,058 Total cash and cash equivalents $ 16,249,666 $ - $ 15,016,058 $ 16,249,666 Level 1: Investments $ 245,187 $ (5,873 ) $ 239,314 $ 239,314
SCHEDULE OF FAIR VALUE OF CONTINGENT CONSIDERATION	As of June 30, 2022, the Company’s contingent consideration liabilities current and non-current balances were as follows: SCHEDULE OF FAIR VALUE OF CONTINGENT CONSIDERATION Cost Changes in Fair Value Fair Value Contingent Consideration As of June 30, 2022 Cost Changes in Fair Value Fair Value Contingent Consideration Level 3: Contingent consideration, current - S5D $ 2,060,300 $ (662,700 ) $ 1,397,600 $ 1,397,600 Contingent consideration, current - AUGGD 568,571 - 568,571 568,571 Total contingent consideration, current $ 2,628,871 $ (662,700 ) $ 1,966,171 $ 1,966,171 Level 3: Contingent consideration, non-current - S5D $ 7,108,900 $ (1,768,100 ) $ 5,340,800 $ 5,340,800 Contingent consideration, non-current $ 7,108,900 $ (1,768,100 ) $ 5,340,800 $ 5,340,800 As of June 30, 2021, the Company’s contingent consideration liabilities current balances were as follows: Cost Changes in Fair Value Fair Value Contingent Consideration As of June 30, 2021 Cost Changes in Fair Value Fair Value Contingent Consideration Level 3: Contingent consideration, current $ - $ 1,250,000 $ 1,250,000 $ 1,250,000

DEFERRED COSTS_CONTRACT ASSET_2

DEFERRED COSTS/CONTRACT ASSETS and DEFERRED REVENUE/CONTRACT LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
SCHEDULE OF RECONCILIATION OF COST IN EXCESS OF BILLING FOR CONTRACT RECOGNIZED OVER TIME	The following table shows the reconciliation of the costs in excess of billings and billings in excess of costs for contracts recognized over time: SCHEDULE OF RECONCILIATION OF COST IN EXCESS OF BILLING FOR CONTRACT RECOGNIZED OVER TIME As of June 30, 2022 Cost incurred on uncompleted contracts $ 199,571 Estimated earnings 437,944 Earned revenue 637,515 Less: billings to date 941,676 Billings in excess of costs, net $ (304,161 ) Balance Sheet Classification Contract assets includes, costs and estimated earnings in excess of billings on uncompleted contracts $ 4,015 Contract liabilities includes, billings in excess of costs and estimated earnings on uncompleted contracts (308,175 ) Billings in excess of costs, net $ (304,161 )

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Jun. 30, 2022
Equity [Abstract]
SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTIONS	Stock options have been recorded at their fair value. The Black-Scholes option-pricing model assumptions used to value the issuance of stock options under the Plan, are noted in the following table: SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTIONS 2022 2021 For the Years Ended June 30, 2022 2021 Weighted average expected terms (in years) 5.7 5.3 Weighted average expected volatility 236.7 % 126.6 % Weighted average risk-free interest rate 1.7 % 0.5 % Expected dividend yield 0.0 % 0.0 %
SUMMARY OF STOCK OPTION ACTIVITY	The following is a summary of the Company’s stock option activity for the years ended June 30, 2022 and 2021: SUMMARY OF STOCK OPTION ACTIVITY Weighted Average Remaining Exercise Contractual Intrinsic Options Price Term (Yrs) Value Outstanding at July 1, 2020 4,092,593 $ 3.19 8.4 $ 5,553,916 Options Granted 766,419 4.66 9.7 383,210 Options Exercised - - - - Options Forfeited / Cancelled (118,102 ) 4.28 8.9 (89,956 ) Outstanding at June 30, 2021 4,740,910 $ 3.40 8.5 $ 7,893,467 Exercisable at June 30, 2021 4,346,734 $ 3.29 8.4 $ 7,659,692 Weighted Average Remaining Exercise Contractual Intrinsic Options Price Term (Yrs) Value Outstanding at July 1, 2021 4,740,910 $ 3.40 8.5 $ 7,893,467 Options Granted 1,037,252 9.15 9.6 2,578,954 Options Exercised (969,775 ) 2.90 5.4 (8,419,947 ) Options Forfeited / Cancelled (323,771 ) 5.65 7.9 (1,908,018 ) Outstanding at June 30, 2022 4,484,616 $ 4.68 7.0 $ 2,404,249 Exercisable at June 30, 2022 3,546,297 $ 3.54 6.3 $ 2,404,249
SCHEDULE OF STOCK OPTION-BASED EXPENSE	The Company’s stock option-based expense for the years ended June 30, 2022 and 2021 consisted of the following: SCHEDULE OF STOCK OPTION-BASED EXPENSE Year Ended Year Ended Stock option-based expense: Research and development expenses $ 1,470,039 $ 1,381,168 General and administrative expenses 210,876 373,506 Sales and marketing expenses 585,380 477,561 Cost of goods sold 49,617 526,156 Board option expense 481,386 187,096 Total $ 2,797,298 $ 2,945,487

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE	The following table presents the computation of basic and diluted net loss per common share: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE For the Years Ended June 31 Numerator: 2022 2021 Net loss $ (5,966,287 ) $ (6,091,687 ) Denominator: Weighted-average common shares outstanding for basic and diluted net loss per share 11,731,383 7,259,249 Basic and diluted net loss per share $ (0.51 ) $ (0.84 )
SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES	Potentially dilutive securities that were not included in the calculation of diluted net loss per share attributable to common stockholders because their effect would be anti-dilutive are as follows (in common equivalent shares): SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES At June 30, 2022 At June 30, 2021 Stock Options 4,484,616 4,740,910 Warrants 837,500 - Convertible Notes - 324,150 Total 5,322,116 5,065,060

PROVISION FOR INCOME TAXES (Tab

PROVISION FOR INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
SCHEDULE OF DEFERRED TAX ASSETS	The Company’s deferred tax assets as of June 30, 2022 and 2021 consist of the following: SCHEDULE OF DEFERRED TAX ASSETS 2022 2021 As of June 30, As of June 30, 2022 2021 Deferred tax assets: Net-operating loss carryforward $ 7,795,509 $ 3,923,012 Stock-based compensation 392,174 536,265 Intangible asset amortization and other 180,297 - Total Deferred Tax Assets 8,367,980 4,459,277 Valuation allowance (8,367,980 ) (4,459,277 ) Deferred Tax Asset, Net $ - $ -
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE	The expected tax expense (benefit) based on the U.S. federal statutory rate is reconciled with actual tax expense (benefit) as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE For the year ended For the year ended Statutory Federal Income Tax Rate (21.00 )% (21.00 )% State and Local Taxes, Net of Federal Tax Benefit (13.56 )% (13.56 )% Stock Based Compensation Expense (ISO) 12.78 % 13.20 % Change in Valuation Allowance 21.78 % 21.36 % Income Taxes Provision (Benefit) 0.00 0.00

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF OPERATING LEASES MINIMUM RENTAL COMMITMENT	The approximate future aggregate minimum rental commitments under all non-cancelable operating leases (including common area maintenance) are as follows: SCHEDULE OF OPERATING LEASES MINIMUM RENTAL COMMITMENT Fiscal Year Ended June 30, 2023 $ 390,000 Fiscal Year Ended June 30, 2024 $ 309,000 Fiscal Year Ended June 30, 2025 $ 178,000
SCHEDULE OF CONTINGENT CONSIDERATION FOR ACQUISITIONS	Contingent consideration for acquisitions, consists of the following as of June 30, 2022 and 2021, respectively: SCHEDULE OF CONTINGENT CONSIDERATION FOR ACQUISITIONS 2022 2021 As of June 30, 2022 2021 S5D, current portion (see Note 4) $ 1,397,600 $ - AUGGD (see Note 4) 568,571 - Kabaq 3D Technologies, LLC - 750,000 KreatAR, LLC - 500,000 Subtotal $ 1,966,171 $ 1,250,000 S5D, net of current portion (see Note 4) 5,340,800 - Total contingent consideration for acquisitions $ 7,306,971 $ 1,250,000

LIQUIDITY AND CAPITAL RESOURC_2

LIQUIDITY AND CAPITAL RESOURCES (Details Narrative) - USD ($)		1 Months Ended	5 Months Ended	12 Months Ended
	Jul. 02, 2021	Nov. 30, 2021	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net loss			$ (1,784,000)	$ 5,966,287	$ 6,091,687
Proceeds from initial public offering				11,821,364
Proceeds from issuance of common stock					346,010
Cash and cash equivalents		$ 11,500,000	$ 16,249,666	$ 16,249,666	$ 1,771,929
Security Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from issuance of common stock		$ 13,600,000
IPO [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued price per share	$ 7		$ 7	$ 7
Proceeds from initial public offering	$ 11,800,000

SCHEDULE OF COMPONENTS OF CASH,

SCHEDULE OF COMPONENTS OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details) - USD ($)	Jun. 30, 2022	Nov. 30, 2021	Jun. 30, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 16,249,666	$ 11,500,000	$ 1,771,929
Restricted cash	2,000,000
Total	$ 18,249,666		$ 1,771,929

SCHEDULE OF TIMING REVENUE RECO

SCHEDULE OF TIMING REVENUE RECOGNITION (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total Revenue	$ 7,267,613	$ 3,421,495
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	5,181,482	2,967,586
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 2,086,131	$ 453,909

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Product Information [Line Items]
Revenue remaining performance obligation	$ 2,610,000
Income tax examination, likelihood of unfavorable settlement	greater than 50%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Two Customers [Member]
Product Information [Line Items]
Concentration risk percentage	54%	49%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Product Information [Line Items]
Concentration risk percentage	40%	26%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer Two [Member]
Product Information [Line Items]
Concentration risk percentage	14%	23%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Customers [Member]
Product Information [Line Items]
Concentration risk percentage	59%	71%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Product Information [Line Items]
Concentration risk percentage	37%	57%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Two [Member]
Product Information [Line Items]
Concentration risk percentage	22%	14%

SCHEDULE OF BUSINESS ACQUISITIO

SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION (Details) - USD ($)		12 Months Ended
	Feb. 01, 2022	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Company common stock fair value when released from escrow at closing		$ 2,297,303
Goodwill		$ 13,464,760
Membership Interest Sale Agreement [Member] | Sector 5 Digital, LLC [Member]
Business Acquisition [Line Items]
Cash paid	$ 4,000,000
Company common stock fair value when released from escrow at closing	2,297,303
Fair value of contingent consideration to be achieved	9,169,200
Total Purchase price	15,466,503
Cash and cash equivalents	184,106
Accounts receivables	411,602
Other current assets	10,259
Equipment, net	60,479
Other assets	9,246
Accounts payable and accrued expenses	(183,806)
Contract liability	(451,106)
Intangible assets - customer relationships	2,820,000
Goodwill	12,605,723
Total purchase price consideration	$ 15,466,503

SCHEDULE OF PROFORMA FINANCIAL

SCHEDULE OF PROFORMA FINANCIAL INFORMATION (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Revenue	$ 9,768,000	$ 5,973,000
Net loss	$ (5,841,000)	$ (6,685,000)

SCHEDULE OF ASSETS ACQUISITION

SCHEDULE OF ASSETS ACQUISITION PURCHASE PRICE ALLOCATION (Details) - USD ($)	Jun. 30, 2022	May 31, 2022	Oct. 31, 2021	Aug. 31, 2021	Jun. 30, 2021
Business Acquisition [Line Items]
Goodwill	$ 13,464,760
Customer Relationships [Member]
Business Acquisition [Line Items]
Technology	3,070,000
Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Technology	1,475,000
Augmented Reality Investments Pty Ltd [Member]
Business Acquisition [Line Items]
Goodwill				$ 250,000
Total				750,000
Augmented Reality Investments Pty Ltd [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Technology				250,000
Augmented Reality Investments Pty Ltd [Member] | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Technology				$ 250,000
XR Terra, LLC. [Member]
Business Acquisition [Line Items]
Goodwill			$ 300,000
Total			600,000
XR Terra, LLC. [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Technology
XR Terra, LLC. [Member] | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Technology	300,000		$ 300,000
PulpoAR, LLC [Member]
Business Acquisition [Line Items]
Goodwill		$ 309,037
Total		1,234,037
PulpoAR, LLC [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Technology
PulpoAR, LLC [Member] | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Technology	$ 925,000	$ 925,000

ACQUISITIONS (Details Narrative

ACQUISITIONS (Details Narrative) - USD ($)		1 Months Ended					5 Months Ended	6 Months Ended	12 Months Ended
	Feb. 01, 2022	Sep. 30, 2022	Jun. 30, 2022	May 31, 2022	Oct. 31, 2021	Aug. 31, 2021	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Change in fair value of acquisition contingent consideration									$ 2,430,800
Revenues							$ 1,395,000
Net income loss							$ 1,784,000		(5,966,287)	$ (6,091,687)
Augmented Reality Investments Pty Ltd [Member]
Business Acquisition [Line Items]
Share price						$ 7
Assets acquisition, intial consideration						$ 750,000
Stock issued for acquisition of assets						77,264
XR Terra, Inc. [Member]
Business Acquisition [Line Items]
Share price					$ 7
Assets acquisition, intial consideration					$ 600,000
Stock issued for acquisition of assets					33,877
Assets acquisition, consideration payment					$ 300,000
Assets acquisition, payment description					50% in Company common stock and 50% in cash
PulpoAR, LLC [Member]
Business Acquisition [Line Items]
Share price				$ 7
Assets acquisition, intial consideration				$ 2,000,000
Assets acquisition, consideration payment			$ 500,000	$ 500,000
Asset acquisition, description				75% in Company common stock (subject to a common stock floor price as defined) and 25% in cash
PulpoAR, LLC [Member] | Forecast [Member]
Business Acquisition [Line Items]
Stock issued for acquisition of assets		214,286
Operating Expense [Member] | Augmented Reality Investments Pty Ltd [Member]
Business Acquisition [Line Items]
Assets acquisition, consideration payment			$ 570,000
Membership Interest Sale Agreement [Member] | Sector 5 Digital, LLC [Member]
Business Acquisition [Line Items]
Payment to acquire business	$ 4,000,000
Shares issued for acquisition, shares	277,201
Shares issued for acquisition, value	$ 4,000,000
Share price	$ 7
Fair value of asset acquired								$ 6,740,000
Reduction of asset acquired								$ 2,430,000
Business acquisition related costs									182,000
Change in fair value of acquisition contingent consideration									2,430,800
Membership Interest Sale Agreement [Member] | Sector 5 Digital, LLC [Member] | General and Administrative Expense [Member]
Business Acquisition [Line Items]
Business acquisition related costs									$ 182,000
Membership Interest Sale Agreement [Member] | Sector 5 Digital, LLC [Member] | Contingent Consideration Liability [Member]
Business Acquisition [Line Items]
Restricted cash	$ 2,000,000
Membership Interest Sale Agreement [Member] | Sector 5 Digital, LLC [Member] | Maximum [Member]
Business Acquisition [Line Items]
Contingent consideration liability	19,000,000
Payment for contingent liability	$ 2,000,000

SCHEDULE OF INTANGIBLE ASSETS,

SCHEDULE OF INTANGIBLE ASSETS, AMORTIZATION PERIOD AND ACCUMULATED AMORTIZATION (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	May 31, 2022	Oct. 31, 2021	Jun. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization	$ (481,515)
Intangible Assets, net	4,063,485
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross	3,070,000
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross	$ 1,475,000
Intangible assets amortization period	3 years
Sector 5 Digital [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization	$ (235,000)
Intangible Assets, net	2,585,000
Sector 5 Digital [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross	$ 2,820,000
Intangible assets amortization period	5 years
Sector 5 Digital [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross
AUGGD [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization	(145,824)
Intangible Assets, net	354,176
AUGGD [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross	$ 250,000
Intangible assets amortization period	3 years
AUGGD [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross	$ 250,000
XR Terra, LLC. [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization	(74,997)
Intangible Assets, net	225,003
XR Terra, LLC. [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross
XR Terra, LLC. [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross	300,000		$ 300,000
PulpoAR, LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization	(25,694)
Intangible Assets, net	899,306
PulpoAR, LLC [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross
PulpoAR, LLC [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross	$ 925,000	$ 925,000

SCHEDULE OF INTANGIBLE ASSET AM

SCHEDULE OF INTANGIBLE ASSET AMORTIZATION EXPENSE (Details)	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Fiscal Year Ended June 30, 2023	$ 1,139,000
Fiscal Year Ended June 30, 2024	1,139,000
Fiscal Year Ended June 30, 2025	893,000
Fiscal Year Ended June 30, 2026	564,000
Fiscal Year Ended June 30, 2027	$ 329,000

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative)	12 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset amortization expense	$ 482,000

SCHEDULE OF CASH AND CASH EQUIV

SCHEDULE OF CASH AND CASH EQUIVALENTS AND INVESTMENTS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Nov. 30, 2021	Jun. 30, 2021
Impairment Effects on Earnings Per Share [Line Items]
Cash and Cash Equivalents	$ 16,249,666	$ 11,500,000	$ 1,771,929
Cash [Member]
Impairment Effects on Earnings Per Share [Line Items]
Cost	1,233,608
Cash and Cash Equivalents	1,233,608
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Impairment Effects on Earnings Per Share [Line Items]
Cost	15,016,058
Cash and Cash Equivalents	15,016,058
Fair Value	15,016,058
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Impairment Effects on Earnings Per Share [Line Items]
Cost	16,249,666
Cash and Cash Equivalents	16,249,666
Fair Value	15,016,058
Investments [Member] | Fair Value, Inputs, Level 1 [Member]
Impairment Effects on Earnings Per Share [Line Items]
Cost	245,187
Fair Value	239,314
Unrealized Gain (Loss)	(5,873)
Investments	$ 239,314

SCHEDULE OF FAIR VALUE OF CONTI

SCHEDULE OF FAIR VALUE OF CONTINGENT CONSIDERATION (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	$ 1,966,171	$ 1,250,000
Sector 5 Digital, LLC [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	1,397,600
Contingent consideration, non-current	5,340,800
AUGGD [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	568,571
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	2,628,871
Estimate of Fair Value Measurement [Member] | Sector 5 Digital, LLC [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	2,060,300
Contingent consideration, non-current	7,108,900
Estimate of Fair Value Measurement [Member] | AUGGD [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	568,571
Changes Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	(662,700)	1,250,000
Changes Measurement [Member] | Sector 5 Digital, LLC [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	(662,700)
Contingent consideration, non-current	(1,768,100)
Changes Measurement [Member] | AUGGD [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	1,966,171	$ 1,250,000
Reported Value Measurement [Member] | Sector 5 Digital, LLC [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	1,397,600
Contingent consideration, non-current	5,340,800
Reported Value Measurement [Member] | AUGGD [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total contingent consideration, current	$ 568,571

SCHEDULE OF CONTINGENT CONSIDER

SCHEDULE OF CONTINGENT CONSIDERATION (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent consideration, current	$ 1,966,171	$ 1,250,000
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent consideration, current	2,628,871
Changes Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent consideration, current	(662,700)	1,250,000
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent consideration, current	$ 1,966,171	$ 1,250,000

FINANCIAL INSTRUMENTS (Details

FINANCIAL INSTRUMENTS (Details Narrative) - Sector 5 Digital, LLC [Member]	Jun. 30, 2022
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Business combination, contingent consideration, measurement input	60.1
Measurement Input, Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Business combination, contingent consideration, measurement input	12.6
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Business combination, contingent consideration, measurement input	3

SCHEDULE OF RECONCILIATION OF C

SCHEDULE OF RECONCILIATION OF COST IN EXCESS OF BILLING FOR CONTRACT RECOGNIZED OVER TIME (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Contract assets includes, costs and estimated earnings in excess of billings on uncompleted contracts	$ 39,484	$ 29,512
Contract liabilities includes, billings in excess of costs and estimated earnings on uncompleted contracts	(841,389)	(98,425)
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Cost incurred on uncompleted contracts	199,571
Estimated earnings	437,944
Earned revenue	637,515
Less: billings to date	941,676
Billings in excess of costs, net	(304,161)
Contract assets includes, costs and estimated earnings in excess of billings on uncompleted contracts	4,015	0
Contract liabilities includes, billings in excess of costs and estimated earnings on uncompleted contracts	(308,175)	$ 0
Billings in excess of costs, net	$ (304,161)

DEFERRED COSTS_CONTRACT ASSET_3

DEFERRED COSTS/CONTRACT ASSETS and DEFERRED REVENUE/CONTRACT LIABILITIES (Details Narrative) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Contract assets	$ 39,484	$ 29,512
Contract with customer liabilities	841,389	98,425
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Contract assets	35,469	29,512
Contract with customer liabilities	533,214	98,425
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Contract assets	4,015	0
Contract with customer liabilities	$ 308,175	$ 0

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)	1 Months Ended					2 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2021	Feb. 28, 2021	Dec. 31, 2019	Jan. 31, 2021	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Short-Term Debt [Line Items]
Stock issued during period value								$ 11,821,364
Gain loss on debt								623,828	$ 548,885
Note One [Member]
Short-Term Debt [Line Items]
Proceeds from issuance of unsecured debt					$ 1,330,000
Debt instrument term, description					three-year
Debt instrument interest rate percentage					10%
Interest expense							$ 103,000
Debt interest payment description					during the term into common stock of the Company at a fixed price of $4.50/share, or approximately 295,000 shares of common stock upon full conversion
Debt conversion converted instrument shares					295,000	330,000
Stock issued during period value						$ 1,210,000
Debt instrument convertible conversion price1						$ 4	$ 4.25		$ 4.25
Convertible promissory notes							$ 117,000		$ 117,000
Original issue discount on notes							8,000		8,000
Loss on conversion of convertible notes								$ 18,000
Note One [Member] | Third Year Interest [Member]
Short-Term Debt [Line Items]
Gain loss on debt									520,000
Note Two [Member]
Short-Term Debt [Line Items]
Proceeds from issuance of unsecured debt			$ 1,480,000
Debt instrument interest rate percentage			10%
Interest expense									78,000
Debt conversion converted instrument shares								295,000
Debt instrument convertible conversion price1	$ 5							$ 5
Convertible promissory notes							1,313,000		1,313,000
Original issue discount on notes							$ 160,000		$ 160,000
Loss on conversion of convertible notes	$ 260,000
Debt instrument maturity date								Mar. 05, 2023
Share issued price per share	$ 5							$ 5
Paycheck Protection Program [Member]
Short-Term Debt [Line Items]
Debts instrument periodic payament		$ 620,000		$ 550,000

SCHEDULE OF STOCK OPTION FAIR V

SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTIONS (Details)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Equity [Abstract]
Weighted average expected terms (in years)	5 years 8 months 12 days	5 years 3 months 18 days
Weighted average expected volatility	236.70%	126.60%
Weighted average risk-free interest rate	1.70%	0.50%
Expected dividend yield	0%	0%

SUMMARY OF STOCK OPTION ACTIVIT

SUMMARY OF STOCK OPTION ACTIVITY (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Equity [Abstract]
Options outstanding, beginning balance	4,740,910	4,092,593
Weighted average exercise price, outstanding, beginning balance	$ 3.40	$ 3.19
Weighted average remaining contractual term (Yrs), Outstanding Beginning	8 years 6 months	8 years 4 months 24 days
Intrinsic value, outstanding Beginning balance	$ 7,893,467	$ 5,553,916
Options, granted	1,037,252	766,419
Weighted average exercise price, options granted	$ 9.15	$ 4.66
Weighted average remaining contractual term (Yrs), options granted	9 years 7 months 6 days	9 years 8 months 12 days
Intrinsic value, options granted	$ 2,578,954	$ 383,210
Options, exercised	(969,775)
Weighted average exercise price, options exercised	$ 2.90
Weighted average remaining contractual term (Yrs), options exercised	5 years 4 months 24 days
Intrinsic value, options exercised	$ (8,419,947)
Options, dorfeited/Cancelled	(323,771)	(118,102)
Weighted average exercise price, options forfeited/Cancelled	$ 5.65	$ 4.28
Weighted average remaining contractual term (Yrs), options forfeited/Cancelled	7 years 10 months 24 days	8 years 10 months 24 days
Intrinsic value, options forfeited/Cancelled	$ (1,908,018)	$ (89,956)
Options outstanding, ending balance	4,484,616	4,740,910
Weighted average exercise price, outstanding, Ending balance	$ 4.68	$ 3.40
Weighted average remaining contractual term (Yrs), Outstanding Ending	7 years	8 years 6 months
Intrinsic value, outstanding Ending balance	$ 2,404,249	$ 7,893,467
Options exercisable, ending balance	3,546,297	4,346,734
Weighted average exercise price, exercisable, Ending balance	$ 3.54	$ 3.29
Weighted average remaining contractual term (Yrs), exercisable, Ending	6 years 3 months 18 days	8 years 4 months 24 days
Intrinsic value, exercisable Ending balance	$ 2,404,249	$ 7,659,692

SCHEDULE OF STOCK OPTION-BASED

SCHEDULE OF STOCK OPTION-BASED EXPENSE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Total	$ 2,797,298	$ 2,945,487
Research and Development Expense [Member]
Total	1,470,039	1,381,168
General and Administrative Expense [Member]
Total	210,876	373,506
Selling and Marketing Expense [Member]
Total	585,380	477,561
Cost of Sales [Member]
Total	49,617	526,156
Board Option Expense [Member]
Total	$ 481,386	$ 187,096

EQUITY (Details Narrative)

EQUITY (Details Narrative)		1 Months Ended	6 Months Ended	12 Months Ended
	Jul. 02, 2021 USD ($) $ / shares shares	Nov. 30, 2021 $ / shares shares	Dec. 31, 2021 shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares
Subsidiary, Sale of Stock [Line Items]
Proceeds from sale of common stock | $					$ 346,010
Stock issued during period, value, new issues | $				3,347,303
Legacy acquisition obligation | $				1,250,000
Stock issued during period, value, issued for services | $				13,578,400
Stock issued during period value | $				$ 11,821,364
Stock based compensation share				11,000
Stock based compensation value | $				$ 96,000
Options granted, fair value | $ / shares				$ 8,830,000	$ 2,940,000
2016 Equity Incentive Plan [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period shares				10,620,000
Unrecognized compensation expense to employees and vendors | $				$ 6,710,000
Weighted average period				2 years 5 months 1 day
Stock options intrinsic value per share | $ / shares				$ 3.98	$ 5
Twenty Sixteen Equity Incentive Plan [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period value | $				$ 5,170,000
Equity Option [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period shares				560,000
Stock issued during period value | $				$ 1,330,000
Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Share-based payment arrangement, expense				1,500,000
Stock issued during period shares				1,912,500
Stock issues conversion of convertible securities				324,150	332,063
Stock issued during period, shares, new issues				388,342
Stock issued during period, value, new issues | $				$ 388
Stock issued during period, value, issued for services | $				1,500
Stock issued during period value | $				$ 1,913
Stock based compensation share					18,553
Common Stock [Member] | AUGGD [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, shares, new issues				111,000
Stock issued during period, value, new issues | $				$ 1,050,000
Common Stock [Member] | S5D [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, shares, new issues				277,000
Stock issued during period, value, new issues | $				$ 2,300,000
Common Stock [Member] | Legacy Acquisition Obligation [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period shares				453,000	32,000
Common Stock [Member] | Convertible Notes Payable [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period shares				74,000
Investor [Member]
Subsidiary, Sale of Stock [Line Items]
Share price | $ / shares					$ 4.50
Stock issued during period shares				1,910,000	77,000
Proceeds from sale of common stock | $				$ 1,500,000	$ 350,000
Vendors [Member]
Subsidiary, Sale of Stock [Line Items]
Share-based payment arrangement, expense				20,000	29,000
Stock issued during period, value, issued for services | $				$ 198,000	$ 134,000
Securities Purchase Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Share price | $ / shares		$ 10
Sale of stock		1,500,000
Stock issued during period shares		15,000,000
Warrants price per share		750,000
Warrants price per share | $ / shares		$ 14.63
Warrants to purchase shares exercised				0.56
Warrants and rights outstanding term description		five years
Share based compensation arrangement byShare based payment award non option equity instruments not exercised				190,000
Securities Purchase Agreement [Member] | Investor [Member]
Subsidiary, Sale of Stock [Line Items]
Proceeds from sale of common stock | $				$ 13,580,000
Valuation Technique, Option Pricing Model [Member] | Securities Purchase Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants and rights outstanding term				5 years
Fairvalue of measurement input				146
Valuation Technique, Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member] | Securities Purchase Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Fairvalue of measurement input				1.22
Valuation Technique, Option Pricing Model [Member] | Measurement Input, Expected Dividend Rate [Member] | Securities Purchase Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Fairvalue of measurement input				0
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Share price | $ / shares	$ 7			$ 7
Sale of stock	1,910,000
Proceeds from issuance of equity | $	$ 11,820,000
Share-based payment arrangement, expense			87,500
Fairvalue of adjustment of warants | $				$ 520,000
Shares issued for satisfaction of convertable promisary note				324,150
Loss on conversion of convertible notes | $				$ 280,000
Stock issues conversion of convertible securities				332,000
IPO [Member] | Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period shares				324,000
IPO [Member] | Investor [Member]
Subsidiary, Sale of Stock [Line Items]
Share price | $ / shares				$ 7
Proceeds from sale of common stock | $				$ 11,820,000
IPO [Member] | Securities Purchase Agreement [Member] | Investor [Member]
Subsidiary, Sale of Stock [Line Items]
Share price | $ / shares				$ 0.75
IPO [Member] | Valuation Technique, Option Pricing Model [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants and rights outstanding term				5 years
Fairvalue of measurement input				1.29
IPO [Member] | Valuation Technique, Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member]
Subsidiary, Sale of Stock [Line Items]
Fairvalue of measurement input				0.0087
IPO [Member] | Valuation Technique, Option Pricing Model [Member] | Measurement Input, Expected Dividend Rate [Member]
Subsidiary, Sale of Stock [Line Items]
Fairvalue of measurement input				0

SCHEDULE OF COMPUTATION OF BASI

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE (Details) - USD ($)	5 Months Ended	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net loss	$ 1,784,000	$ (5,966,287)	$ (6,091,687)
Weighted-average common shares outstanding for basic and diluted net loss per share		11,731,383	7,259,249
Basic and diluted net loss per share		$ (0.51)	$ (0.84)

SCHEDULE OF POTENTIALLY DILUTIV

SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES (Details) - shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	5,322,116	5,065,060
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	4,484,616	4,740,910
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	837,500
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		324,150

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Net-operating loss carryforward	$ 7,795,509	$ 3,923,012
Stock-based compensation	392,174	536,265
Intangible asset amortization and other	180,297
Total Deferred Tax Assets	8,367,980	4,459,277
Valuation allowance	(8,367,980)	(4,459,277)
Deferred Tax Asset, Net

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE (Details)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Statutory Federal Income Tax Rate	(21.00%)	(21.00%)
State and Local Taxes, Net of Federal Tax Benefit	(13.56%)	(13.56%)
Stock Based Compensation Expense (ISO)	12.78%	13.20%
Change in Valuation Allowance	21.78%	21.36%
Income Taxes Provision (Benefit)	0%	0%

PROVISION FOR INCOME TAXES (Det

PROVISION FOR INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Provision for income tax	$ 0	$ 0
Operating loss carry forwards	$ 22,560,000		$ 2,880,000
Operating loss carry forwards expiration date	NOLs for the periods ending June 30, 2018 and prior ($2.88 million) begin to expire in 2037
Net operating loss carry forwards no expiration	$ 19,680,000
Valuation allowance	$ 3,910,000	$ 1,300,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Independent [Member]
Restructuring Cost and Reserve [Line Items]
Convertible notes payable current	$ 200,000
Augmented Reality Investments Pty Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Equity method investment ownership percentage		1%
Augmented Reality Investments Pty Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Due to related parties		$ 250,000
Interest Income Expense	$ 0

SCHEDULE OF OPERATING LEASES MI

SCHEDULE OF OPERATING LEASES MINIMUM RENTAL COMMITMENT (Details)	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Fiscal Year Ended June 30, 2023	$ 390,000
Fiscal Year Ended June 30, 2024	309,000
Fiscal Year Ended June 30, 2025	$ 178,000

SCHEDULE OF CONTINGENT CONSID_2

SCHEDULE OF CONTINGENT CONSIDERATION FOR ACQUISITIONS (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Asset Acquisition [Line Items]
Subtotal	$ 1,966,171	$ 1,250,000
S5D, net of current portion (see Note 4)	5,340,800
Total contingent consideration for acquisitions	7,306,971	1,250,000
S 5D Current Portion [Member]
Asset Acquisition [Line Items]
Subtotal	1,397,600
S5D, net of current portion (see Note 4)	5,340,800
AUGGD [Member]
Asset Acquisition [Line Items]
Subtotal	568,571
Kabaq 3D Technologies LLC [Member]
Asset Acquisition [Line Items]
Subtotal		750,000
Kreat AR LLC [Member]
Asset Acquisition [Line Items]
Subtotal		$ 500,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Rent expense		$ 408,000	$ 296,000
Stock issued during period, value, new issues		$ 11,821,364
Common Stock [Member]
Restructuring Cost and Reserve [Line Items]
Stock issued during period, share, new issues		1,912,500
Stock issued during period, value, new issues		$ 1,913
Kabaq 3D Technologies LLC [Member]
Restructuring Cost and Reserve [Line Items]
Additional acquisition cost	$ 750,000
Kabaq 3D Technologies LLC [Member] | Equity Option [Member]
Restructuring Cost and Reserve [Line Items]
Stock issued during period, share, new issues	375,000
Share price	$ 2
Kreat AR LLC [Member]
Restructuring Cost and Reserve [Line Items]
Additional acquisition cost	$ 500,000
Share price		$ 2
Kreat AR LLC [Member] | Common Stock [Member]
Restructuring Cost and Reserve [Line Items]
Stock issued during period, share, new issues		42,978
Stock issued during period, value, new issues		$ 430,000
Kreat AR LLC [Member] | Equity Option [Member]
Restructuring Cost and Reserve [Line Items]
Stock issued during period, value, new issues		$ 35,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) $ / shares in Units, shares in Thousands	1 Months Ended			12 Months Ended
	Aug. 31, 2022	May 31, 2022	Dec. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Subsequent Event [Line Items]
Purchase price of acquisition				$ 3,347,303
Common stock issued in Initial Public Offering, net				11,821,364
Revenue				$ 7,267,613	$ 3,421,495
BLI Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Purchase of assets in cash	$ 3,000,000
Number of purchase of shares	710
Brightline Interactive LLC [Member]
Subsequent Event [Line Items]
Revenue			$ 5,000,000
Brightline Interactive LLC [Member] | BLI Agreement [Member]
Subsequent Event [Line Items]
Purchase price of acquisition		$ 32,500,000
Initial payment of acquisition		8,000,000
Purchase of assets in cash		3,000,000
Common stock issued in Initial Public Offering, net		$ 5,000,000
Number of purchase of shares		710
Purchase price consideration		$ 24,500,000
Payment for acquisition		$ 12,000,000
Shares issued price per share		$ 7