The Glimpse Group, Inc. (VRAR) 10-K 30 Sep 24 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Sep. 27, 2024	Dec. 29, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
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., 12th 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				$ 16,034,185
Entity Common Stock, Shares Outstanding			18,166,217
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	76	694
Auditor Name	Turner, Stone & Company, L.L.P.	Hoberman & Lesser CPA’s, LLP
Auditor Location	Dallas, Texas	New York, NY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Jun. 30, 2023
ASSETS
Cash and cash equivalents	$ 1,848,295	$ 5,619,083
Accounts receivable	723,032	1,453,770
Deferred costs/contract assets	170,781	158,552
Prepaid expenses and other current assets	778,181	562,163
Total current assets	3,520,289	7,793,568
Equipment, net	167,325	264,451
Right-of-use assets, net	452,808	627,832
Intangible assets, net	487,867	4,284,151
Goodwill	10,857,600	11,236,638
Other assets	72,714	71,767
Total assets	15,558,603	24,278,407
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	181,668	455,777
Accrued liabilities	340,979	635,616
Accrued non cash performance bonus		1,041,596
Deferred revenue/contract liabilities	72,788	466,393
Lease liabilities, current portion	364,688	405,948
Contingent consideration for acquisitions, current portion	1,467,475	5,120,791
Total current liabilities	2,427,598	8,126,121
Long term liabilities
Contingent consideration for acquisitions, net of current portion	1,413,696	4,505,000
Lease liabilities, net of current portion	178,824	423,454
Total liabilities	4,020,118	13,054,575
Stockholders’ Equity
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; 18,158,217 and 14,701,929 issued and outstanding, respectively	18,158	14,702
Additional paid-in capital	74,559,600	67,854,108
Accumulated deficit	(63,039,273)	(56,644,978)
Total stockholders’ equity	11,538,485	11,223,832
Total liabilities and stockholders’ equity	$ 15,558,603	$ 24,278,407

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Jun. 30, 2023
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	18,158,217	14,701,929
Common stock, shares outstanding	18,158,217	14,701,929

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenue
Total Revenue	$ 8,804,199	$ 13,482,364
Cost of goods sold	2,941,460	4,266,013
Gross Profit	5,862,739	9,216,351
Operating expenses:
Research and development expenses	5,455,612	8,793,991
General and administrative expenses	4,292,001	5,037,359
Sales and marketing expenses	2,819,668	7,489,978
Amortization of acquisition intangible assets	1,241,228	2,045,587
Goodwill impairment	379,038	12,855,723
Intangible asset impairment	2,563,331	2,496,119
Change in fair value of acquisition contingent consideration	(4,272,080)	(696,722)
Total operating expenses	12,478,798	38,022,035
Loss from operations before other income	(6,616,059)	(28,805,684)
Other income
Interest income	221,764	242,401
Net Loss	$ (6,394,295)	$ (28,563,283)
Basic net loss per share	$ (0.38)	$ (2.05)
Diluted net loss per share	$ (0.38)	$ (2.05)
Weighted-average shares used to compute basic net loss per share	16,681,234	13,929,135
Weighted-average shares used to compute diluted net loss per share	16,681,234	13,929,135
Software Services [Member]
Revenue
Total Revenue	$ 8,130,515	$ 12,587,192
Software License [Member]
Revenue
Total Revenue	$ 673,684	$ 895,172

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Jun. 30, 2022	$ 12,749	$ 56,885,815	$ (28,081,695)	$ 28,816,869
Balance, shares at Jun. 30, 2022	12,747,624
Common stock issued for acquisition	$ 714	2,845,430		2,846,144
Common stock issued for acquisition, shares	714,286
Common stock issued for satisfaction of prior year acquisition liability	$ 214	733,823		734,037
Common stock issued for satisfaction of prior year acquisition liability, shares	214,288
Common stock issued for purchase of intangible asset - technology	$ 71	326,364		326,435
Common stock issued for purchase of intangible asset - technology, shares	71,430
Common stock issued to vendors	$ 2	5,236		5,238
Common stock issued to vendors, shares	1,800
Common stock issued for exercise of options	$ 42	66,069		$ 66,111
Common stock issued for exercise of options, shares	42,341			104,932
Common stock issued to satisfy contingent acquisition obligations	$ 755	3,058,608		$ 3,059,363
Common stock issued for contingent acquisition obligation, shares	755,255
Common stock and stock option based compensation expense	$ 155	3,491,009		3,491,164
Common stock and stock option based compensation expense, shares	154,905
Stock option-based board of directors expense		441,754		441,754
Net loss			(28,563,283)	(28,563,283)
Balance at Jun. 30, 2023	$ 14,702	67,854,108	(56,644,978)	11,223,832
Balance, shares at Jun. 30, 2023	14,701,929
Common stock issued to vendors	$ 44	100,328		100,372
Common stock issued to vendors, shares	44,197
Common stock issued for exercise of options	$ 9	(9)
Common stock issued for exercise of options, shares	8,819			25,000
Common stock issued to satisfy contingent acquisition obligations	$ 785	973,861		$ 974,646
Common stock issued for contingent acquisition obligation, shares	785,714
Common stock and stock option based compensation expense	$ 399	2,009,402		2,009,801
Common stock and stock option based compensation expense, shares	399,201
Net loss			(6,394,295)	(6,394,295)
Common stock issued in Securities Purchase Agreement, net	$ 1,886	2,966,615		2,968,501
Common stock issued in Securities Purchase Agreement, net, shares	1,885,715
Common stock and stock option based board of directors expense	$ 333	655,295		$ 655,628
Common stock and stock option based board of directors expense, shares				332,642
Balance at Jun. 30, 2024	$ 18,158	$ 74,559,600	$ (63,039,273)	$ 11,538,485
Balance, shares at Jun. 30, 2024	18,158,217

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net loss	$ (6,394,295)	$ (28,563,283)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation	1,361,628	2,192,982
Common stock and stock option based compensation for employees and board of directors	2,175,072	4,974,519
Accrued non cash performance bonus fair value adjustment	(551,239)
Acquisition contingent consideration fair value adjustment	(4,272,080)	(696,722)
Impairment of intangible assets	2,942,369	15,351,842
Gain on divestiture of subsidiary	1,000,000
Reserve on note received in connection with divestiture of subsidiary	(1,000,000)
Issuance of common stock to vendors	100,372	5,238
Adjustment to operating lease right-of-use assets and liabilities	(110,866)	(8,330)
Changes in operating assets and liabilities:
Accounts receivable	730,738	132,193
Deferred costs/contract assets	(12,229)	433,557
Prepaid expenses and other current assets	(216,018)	(182,410)
Other assets	(948)	149,963
Accounts payable	(274,109)	(419,716)
Accrued liabilities	(294,637)	(120,181)
Deferred revenue/contract liabilities	(393,605)	(2,412,066)
Net cash used in operating activities	(5,209,847)	(9,162,414)
Cash flow from investing activities:
Purchases of equipment	(31,548)	(146,333)
Acquisitions, net of cash acquired		(2,627,261)
Payment of contingent consideration for acquisitions	(1,497,894)	(1,000,000)
Sale of investments		239,314
Net cash used in investing activities	(1,529,442)	(3,534,280)
Cash flows provided by financing activities:
Proceeds from securities purchase agreement, net	2,968,501
Proceeds from exercise of stock options		66,111
Cash provided by financing activities	2,968,501	66,111
Net change in cash, cash equivalents and restricted cash	(3,770,788)	(12,630,583)
Cash, cash equivalents and restricted cash, beginning of year	5,619,083	18,249,666
Cash and cash equivalents, end of year	1,848,295	5,619,083
Non-cash Investing and Financing activities:
Issuance of common stock for satisfaction of contingent liability	974,646	3,059,363
Issuance of common stock for non cash performance bonus	490,357
Lease liabilities arising from right-of-use assets		429,329
Common stock issued for acquisition		2,846,144
Contingent acquisition consideration liability recorded at closing		7,325,000
Common stock issued for purchase of intangible asset - technology		326,435
Issuance of common stock for satisfaction of prior year acquisition liability		734,037
Issuance of common stock for satisfaction of contingent liability, net of note extinguishment		318,571
Extinguishment of note receivable for satisfaction of contingent liability		$ 250,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (6,394,295)	$ (28,563,283)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
No Insider Trading Flag	true

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	3 Months Ended
	Jun. 30, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1. DESCRIPTION OF BUSINESS The Glimpse Group, Inc. (“Glimpse”, the “Company”) is an Immersive technology company, providing Virtual Reality (“VR”), Augmented Reality(“AR”) and Spatial Computing software and services. Glimpse’s operating entities are located in the United States and Turkey. The Company was incorporated in the State of Nevada in June 2016. Glimpse’s unique business model builds scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. The Company completed an initial public offering (“IPO”) of its common stock on the Nasdaq Capital Market Exchange on July 1, 2021, under the ticker VRAR.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 2. GOING CONCERN At each reporting period, the Company evaluates whether there are conditions or events that raise doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. The Company’s evaluation entails analyzing expectations for the Company’s cash needs and comparing those needs to the current cash and cash equivalent balances. The Company is required to make certain additional disclosures if it concludes substantial doubt exists and it is not alleviated by the Company’s plans or when its plans alleviate substantial doubt about the Company’s ability to continue as a going concern. The Company has incurred recurring losses since its inception, including a net loss of approximately $ 6.39 63.0 Outside of potential revenue growth generated by the Company, in order to restore the going concern the Company may take actions which could include but are not limited to: further cost reductions, equity or debt financings and restructuring of potential future cash contingent acquisition liabilities. There is no assurance that these actions will be taken or be successful if pursued. The financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the ordinary course of business. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of the uncertainties described. Potential liquidity resources Potential liquidity resources may include the further sale of common stock pursuant to the unused portion of the $ 100 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2024
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. 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, stock options, warrants, revenue recognition, allocation of the purchase price of assets relating to business combinations, calculation of contingent consideration for acquisitions, fair value of intangible assets and goodwill impairment. Cash and Cash Equivalents, Restricted Cash Cash and equivalents represent cash and short-term, highly liquid investments, that are both readily convertible to known amounts of cash and so near their maturity they present insignificant risk of changes in value because of changes in interest rates, with maturities three months or less at the date of purchase. Restricted cash represented $ 2.0 Accounts Receivable Accounts receivable consists primarily of amounts due from customers under normal trade terms. We recognize accounts receivable at the amount we expect to collect from our customers. We provide an allowance for credit losses to reflect the estimated amount of accounts receivable that may not be collectible. We determine the allowance for credit losses through a combination of specific identification of troubled accounts, historical loss experience, industry trends, current market conditions, and customer creditworthiness.The allowance for credit losses is adjusted periodically to reflect changes in these factors. Our accounting policy for credit losses is in accordance with Accounting Standards Codification (ASC) 310, Receivables. As of June 30, 2024 and 2023 no allowance for doubtful accounts was recorded as all amounts were considered collectible. Customer Concentration and Credit Risk Two customers accounted for approximately 38 23 15 47 26 21 Three customers accounted for approximately 49 21 16 12 43 29 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, 2024 AND 2023 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. Acquisition 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 determining fair values of assets acquired and liabilities assumed in a business combination. Intangible assets (other than Goodwill) Intangible assets include acquired customer relationships and developed technology purchased. Intangible assets are stated at allocated cost less accumulated amortization and less impairments. 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. Impairment of Long-Lived Assets The Company reviews long-lived assets to be held and used, other than goodwill, whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If an evaluation of recoverability is required, the estimated undiscounted future cashflows directly associated with the asset are compared with the asset’s carrying amount. If the estimated future cash flows from the use of the asset are less than the carrying value, an impairment charge would be recorded to write down the asset to its estimated fair value. 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; THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 ● 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 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, 2024 and 2023. 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, at times, the assistance of a third-party valuation specialist. The Company’s other financial instruments consist primarily of accounts receivable, accounts payable and other liabilities, and approximate fair value due to the short-term nature of these instruments. Equipment Equipment, comprised of computer hardware, is stated at cost less accumulated depreciation. It is depreciated using the straight-line method over the estimated useful life of the asset, which is primarily 3 0.12 0.14 Revenue Recognition Nature of Revenues The Company reports its revenues in two categories: ● Software Services: VR, AR and Spatial Computing projects, solutions and consulting services. ● Software License and Software-as-a-Service (“SaaS”): VR, AR or Spatial Computing 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, 2024 AND 2023 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, 2024 and 2023 by delivering: (i) Software Services, consisting primarily of VR/AR/Spatial Computing software projects, solutions and consulting services, and (ii) Software Licenses & SaaS, consisting primarily of VR, AR and Spatial Computing 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. Certain other Software Services revenues are custom project solutions (projects whereby, the development of the custom project leads to an identifiable asset with no alternative use to the Company, and, in which, the Company also has an enforceable right to payment under the contract) and are therefore recognized based on the percentage of completion using an input model with a master budget. The budget is reviewed periodically and percentage of completion adjusted accordingly. 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 Licenses is recognized at the point of time in which the Company delivers the software and customer accepts delivery. Software Licenses often include third party components that are a fully integrated part of the Software License stack and are therefore considered as one deliverable and performance obligation. 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, 2024 AND 2023 Timing of Revenue The timing of revenue recognition for the years ended June 30, 2024 and 2023 was as follows: SCHEDULE OF TIMING REVENUE RECOGNITION 2024 2023 For theYears Ended June 30, 2024 2023 Products and services transferred at a point in time $ 7,371,004 $ 10,455,829 Products and services transferred/recognized over time 1,433,195 3,026,535 Total Revenue $ 8,804,199 $ 13,482,364 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 contracts 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). THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 Unfulfilled performance obligations represent amounts expected to be earned by the Company on executed contracts. As of June 30, 2024 and 2023, the Company had approximately $ 5.95 2.16 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 based upon historical volatility for a rolling previous year’s trading days of the Company’s common stock. 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. Foreign Currency Assets and liabilities recorded in foreign currency are translated at the exchange rate on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Translation adjustments resulting from this process, which are deminimis, are recorded in general and administrative expenses on the consolidated statement of operations. 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% likely of being realized. For tax positions that are not more likely than not of being sustained upon audit, the Company does not recognize any portion of the benefit. The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, Income Taxes 38,588 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 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, 2024 and 2023. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position. 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. Recently Adopted Accounting Pronouncements In September 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2016-13, Financial Instruments – Credit Losses (Topic 326) which requires measurement and recognition of expected credit losses for financial assets held. The Company adopted this guidance on July 1, 2023 and the impact of the adoption was not material to our consolidated financial statements as credit losses are not expected to be significant based on historical collection trends, the financial condition of payment partners, and external market factors. In December 2019, the FASB issued ASU No. 2019-12 to simplify the accounting in Accounting Standards Codification (“ASC”) 740, Income Taxes. This standard removes certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. This guidance also clarifies and simplifies other areas of ASC 740. The Company adopted this guidance on July 1, 2023 using the prospective transition method. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Recent Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning July 1, 2025. The Company is currently evaluating the ASU to determine its impact on the Company’s disclosures. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023

BUSINESS ACQUISITION AND ASSET

BUSINESS ACQUISITION AND ASSET ACQUISTION - TECHNOLOGY	12 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS ACQUISITION AND ASSET ACQUISTION - TECHNOLOGY	NOTE 4. BUSINESS ACQUISITION AND ASSET ACQUISTION - TECHNOLOGY Acquisition – Brightline Interactive, LLC (“BLI”) On May 25, 2022, Glimpse entered into an Agreement and Plan of Merger (the “Merger Agreement”), with BLI and each of the equity holders of BLI named therein (collectively, the “Members”). BLI is an immersive technology company that provides Spatial Computing, VR and AR based training scenarios and simulations for commercial and government customers. The acquisition significantly expands the Company’s operating and financial scale, introduces new tier 1 customers specifically in the communication, entertainment and government segments, and bolsters the executive management team. In August 2022, BLI became a wholly-owned subsidiary of Glimpse. The aggregate consideration to the Members per the Merger Agreement consisted of: (a) $ 568,046 505,787 1,926,167 714,286 24,500,000 24,500,000 12,000,000 7.00 The BLI acquisition’s fair value at Closing was $ 12,665,357 The fair value allocation for the purchase price consideration paid at Closing was recorded as follows: SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION Purchase price consideration: Cash paid to members at Closing $ 2,494,213 Company common stock fair value at Closing 2,846,144 Fair value of contingent consideration to be achieved 7,325,000 Total purchase price $ 12,665,357 Fair value allocation of purchase price: Cash and cash equivalents $ 15,560 Accounts receivable 253,041 Deferred costs/contract assets 552,625 Other assets 10,000 Equipment, net 55,580 Accounts payable and accrued expenses (848,079 ) Deferred revenue/contract liabilities (2,037,070 ) Intangible assets - customer relationships 3,310,000 Intangible assets - technology 880,000 Goodwill 10,473,700 Total fair value allocation of purchase price $ 12,665,357 The Company’s fair value estimate of the contingent consideration for the BLI acquisition was determined using a Monte Carlo simulation and other methods which account 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 Company’s fair value estimate related to the identified intangible asset of technology was determined using the Relief from Royalty Method. This valuation method requires management to estimate the royalty rate based on market data for royalty arrangements involving similar technology, the obsolesce rate, and the weighted average cost of capital to be used as a discount rate. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 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 BLI have been included in the Company’s consolidated financial statements from the date of acquisition. For the years ended June 30, 2024 and 2023, BLI had revenue of $ 2.78 4.85 2.63 2.14 1.87 1.11 Asset Acquisition - Technology In November 2022, the Company entered into a technology assignment agreement with inciteVR (“IVR”), whereby the Company purchased the entire right, title and interest to certain VR/AR technology, as defined, to expand product offerings. The Company issued 71,430 327,000 327,000 Certain IVR owners became employees of Glimpse after the assignment.

IMPAIRMENT OF GOODWILL AND LONG

IMPAIRMENT OF GOODWILL AND LONG-LIVED ASSETS	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
IMPAIRMENT OF GOODWILL AND LONG-LIVED ASSETS	NOTE 5. IMPAIRMENT OF GOODWILL AND LONG-LIVED ASSETS PulpoAR, LLC (“Pulpo”) The assets of Pulpo were acquired by the Company in May 2022. Pulpo has not and is not expected to meet any future revenue performance milestones as defined in the asset acquisition agreement. In addition, Pulpo has generated negative cash flows and is expected to continue doing so for the foreseeable future, and its business has become less strategically aligned with the Company’s current focus. As a result, a decision was made by the Company to divest the operations of its wholly owned subsidiary Pulpo. Accordingly, the fair value of intangible assets, including goodwill, originally recorded at the time of the purchase, were determined to be to be zero. The net assets of $ 0.90 0.52 0.38 On December 1, 2023 the Company executed an asset purchase agreement whereby the Pulpo assets, as defined, were transferred to a new independent entity, PulpoAR, Inc., majority owned by the original sellers of Pulpo, in return for a 10 1.0 1.0 The Note is due November 30, 2026 1 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 The Company has fully reserved against the Note and accrued interest as collectability is considered remote and accounts for this investment at cost ($ 0 For the years ended June 30, 2024 and 2023, Pulpo had revenue of $ 0.07 0.49 0.42 0.87 The divestiture did not have a material impact on the Company’s operations or financial results. BLI As part of the BLI acquisition in August 2022, $ 3.31 Accordingly, at June 30, 2024, it was determined that the BLI intangible assets – customer relationships was fully impaired. This resulted in an intangible asset impairment non-cash expense of approximately $ 2.04 S5D As part of the Company’s annual review of goodwill impairment, it was determined that unfavorable trends in the S5D business indicated goodwill and long-lived assets of this subsidiary were impaired as of June 30, 2023. The Company purchased S5D in February 2022 for the initial fair value consideration of $ 15.47 12.61 2.82 Based on the expectations that the S5D business may not be able to produce positive cash flow for the foreseeable future and there is no expected market for selling the S5D business, it was determined that S5D’s long-lived assets and goodwill were fully impaired as of June 30, 2023. This determination, based on undiscounted cash flow projections, resulted in an intangible asset impairment expense of $ 14.87 SCHEDULE OF IMPAIRMENT OF GOODWILL AND LONG-LIVED ASSETS Goodwill $ 12,605,723 Intangible asset - customer relationships 2,021,000 (net of accumulated amortization) Operating lease - right-of-use asset 209,901 (net of accumulated amortization) Fixed assets (net of accumulated depreciation) 36,037 Total S5D intangible asset impairment expense $ 14,872,661 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 The S5D business continues to operate. For the years ended June 30, 2024 and 2023, S5D had revenue was $ 1.78 2.73 0.31 1.26 AUGGD In March 2023, primarily due to a lack of market traction, a decision was made by the Company to cease the operations of its wholly owned subsidiary MotionZone, LLC (dba “AUGGD”) and divest any related assets and potential liabilities. The assets of AUGGD were originally acquired by the Company in August 2021 for a fair value of $ 0.75 19.99 The Company accounts for this investment at cost ($ 0 0.65 Accordingly, the net book value of intangible assets, including goodwill, originally recorded at the time of purchase of AUGGD, were written off during the year ended June 30, 2023. The $ 0.48 0.11 0.12 0.25 For the year ended June 30, 2023 (which is the cease of operations of AUGGD), AUGGD had revenue was $ 0.01 0.33

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	NOTE 6. GOODWILL AND INTANGIBLE ASSETS The composition of goodwill at June 30, 2024 and 2023 is as follows: SCHEDULE OF COMPOSITION OF GOODWILL XRT PulpoAR BLI Total Year ended June 30, 2024 XRT PulpoAR BLI Total Goodwill - beginning of year $ 300,000 $ 379,038 $ 10,557,600 $ 11,236,638 Acquisitions Adjustments Impairments - (379,038 ) - (379,038 ) Goodwill - end of year $ 300,000 $ - $ 10,557,600 $ 10,857,600 AUGGD XRT S5D PulpoAR BLI Total Year ended June 30, 2023 AUGGD XRT S5D PulpoAR BLI Total Goodwill - beginning of year $ 250,000 $ 300,000 $ 12,605,723 $ 309,037 $ - $ 13,464,760 Acquisitions - - - - 10,473,700 10,473,700 Adjustments - - - 70,001 83,900 153,901 Impairments (250,000 ) - (12,605,723 ) - - (12,855,723 ) Goodwill - end of year $ - $ 300,000 $ - $ 379,038 $ 10,557,600 $ 11,236,638 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 Intangible assets, their respective amortization period, and accumulated amortization at June 30, 2024 and 2023 are as follows: SCHEDULE OF INTANGIBLE ASSETS, AMORTIZATION PERIOD AND ACCUMULATED AMORTIZATION XR Terra Pulpo BLI inciteVR Total As of June 30, 2024 Value ($) Amortization Period (Years) XR Terra Pulpo BLI inciteVR Total Intangible Assets Customer Relationships - beginning of year $ - $ - $ 3,310,000 $ - $ 3,310,000 5 Customer Relationships - impairment - - (3,310,000 ) - (3,310,000 ) Customer Relationships - end of year - - - - - Technology - beginning of year 300,000 925,000 880,000 326,435 2,431,435 3 Technology impairment - (925,000 ) - - (925,000 ) Technology - end of year 300,000 - 880,000 326,435 1,506,435 Less: Accumulated Amortization (274,995 ) - (562,214 ) (181,359 ) (1,018,568 ) Intangible Assets, net $ 25,005 $ - $ 317,786 $ 145,076 $ 487,867 XR Terra S5D AUGGD Pulpo BLI inciteVR Total As of June 30, 2023 Value ($) Amortization Period (Years) XR Terra S5D AUGGD Pulpo BLI inciteVR Total Intangible Assets Customer Relationships - beginning of year $ - $ 2,820,000 $ 250,000 $ - $ - $ - $ 3,070,000 3 5 Customer Relationships additions - - - - 3,310,000 - 3,310,000 5 Customer Relationships impairment - (2,820,000 ) (250,000 ) - - - (3,070,000 ) Customer Relationships - end of year - - - - 3,310,000 - 3,310,000 Technology - beginning of year 300,000 - 250,000 925,000 - - 1,475,000 3 Technology additions - - - - 880,000 326,435 1,206,435 3 Technology impairment - - (250,000 ) - - - (250,000 ) Technology - end of year 300,000 - - 925,000 880,000 326,435 2,431,435 Less: Accumulated Amortization (174,995 ) - - (334,025 ) (875,722 ) (72,542 ) (1,457,284 ) Intangible Assets, net $ 125,005 $ - $ - $ 590,975 $ 3,314,278 $ 253,893 $ 4,284,151 Intangible asset amortization expense for the years ended June 30, 2024 and 2023 was approximately $ 1.24 2.05 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 Amortization attributable to Pulpo was $ 0.08 0.30 Amortization attributable to BLI customer relationships was $ 0.66 0.61 Amortization attributable to S5D and AUGGD was $ 0.69 Estimated intangible asset amortization expense for the remaining lives are as follows: SCHEDULE OF INTANGIBLE ASSET AMORTIZATION EXPENSE Years Ended June 30, 2025 $ 427,000 2026 $ 61,000

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Jun. 30, 2024
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS	NOTE 7. FINANCIAL INSTRUMENTS Cash and Cash Equivalents The Company’s money market funds are categorized as Level 1 within the fair value hierarchy. As June 30, 2024 and 2023, the Company’s cash and cash equivalents were as follows: SCHEDULE OF CASH AND CASH EQUIVALENTS AND INVESTMENTS As of June 30, 2024 Cost Unrealized Gain (Loss) Fair Value Cash and Cash Equivalents Cash $ 109,659 $ - - $ 109,659 Level 1: Money market funds 1,738,636 - $ 1,738,636 1,738,636 Total cash and cash equivalents $ 1,848,295 $ - $ 1,738,636 $ 1,848,295 As of June 30, 2023 Cost Unrealized Gain (Loss) Fair Value Cash and Cash Equivalents Cash $ 242,271 $ - $ 242,271 Level 1: Money market funds 5,376,812 - $ 5,376,812 5,376,812 Total cash and cash equivalents $ 5,619,083 $ - $ 5,376,812 $ 5,619,083 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 Contingent Consideration As of June 30, 2024 and 2023, the Company’s contingent consideration liabilities related to acquisitions are categorized as Level 3 within the fair value hierarchy. Contingent consideration was valued at June 30, 2024 using unobservable inputs, primarily internal revenue forecasts. Contingent consideration was valued at the time of acquisitions and at June 30, 2023 using unobservable inputs and have included using the Monte Carlo simulation model. This model incorporates revenue volatility, internal rate of return, and a 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, at times, of a third-party valuation specialist. As of June 30, 2024, the Company’s contingent consideration liabilities current and non-current balances were as follows: SCHEDULE OF FAIR VALUE OF CONTINGENT CONSIDERATION Contingent Consideration at Purchase Date Consideration Paid Changes in Fair Value Fair Value Contingent Consideration As of June 30, 2024 Contingent Consideration at Purchase Date Consideration Paid Changes in Fair Value Fair Value Contingent Consideration Level 3: Contingent consideration, current - S5D $ 2,060,300 $ (1,359,001 ) $ (701,299 ) $ - $ - Contingent consideration, current - BLI 1,264,200 - 167,561 1,431,761 1,431,761 Contingent consideration, current - XRT - (499,288 ) 535,002 35,714 35,714 Total contingent consideration, current portion $ 3,324,500 $ (1,858,289 ) $ 1,264 $ 1,467,475 $ 1,467,475 Level 3: Contingent consideration, non-current - S5D $ 7,108,900 $ (2,857,143 ) $ (4,251,757 ) $ - $ - Contingent consideration, non-current - BLI 6,060,700 (1,497,894 ) (3,149,110 ) 1,413,696 1,413,696 Total contingent consideration, net of current portion $ 13,169,600 $ (4,355,037 ) $ (7,400,867 ) $ 1,413,696 $ 1,413,696 S5D has significantly underperformed revenue expectations that were employed to determine fair value at acquisition. The possibility of achieving any remaining revenue targets to trigger additional consideration is remote and all earned consideration has been paid. Accordingly, there is no future contingent consideration recorded related to the S5D acquisition as of June 30, 2024. The range of potential additional contingent consideration related to S5D in excess of the amounts reflected on the balance sheet at June 30, 2024 is zero 10.0 7.00 Revenue projections for BLI are expected to trigger potential additional gross consideration of $ 3.0 3.0 zero 15.0 7.5 7.00 The change in fair value of contingent consideration for S5D and BLI for the year ended June 30, 2024 was a non-cash gain of approximately $ 2.35 1.87 0.81 1.49 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 The change in fair value of contingent consideration for XR Terra, LLC (“XRT”) for the year ended June 30, 2024 reflects payouts to the sellers of XRT for consideration recorded as of June 30, 2023. These payouts were made in September 2023 and January 2024 in the form of Company common stock, fair valued at $ 0.17 zero 0.08 0.04 7.00 zero 0.75 7.00 The range of potential contingent consideration related to the previous divestiture of AUGGD assets at June 30, 2024 is zero 0.40 7.00 As of June 30, 2023, the Company’s contingent consideration liabilities current and non-current balances were as follows: Contingent Consideration at Purchase Date Consideration Paid Changes in Fair Value Fair Value Contingent Consideration As of June 30, 2023 Contingent Consideration at Purchase Date Consideration Paid Changes in Fair Value Fair Value Contingent Consideration Level 3: Contingent consideration, current - S5D $ 2,060,300 $ (1,359,001 ) $ 1,207,501 $ 1,908,800 $ 1,908,800 Contingent consideration, current - BLI 1,264,200 - 1,693,500 2,957,700 2,957,700 Contingent consideration, current - AUGGD - (568,571 ) 568,571 - - Contingent consideration, current - XRT - (331,786 ) 586,077 254,291 254,291 Total contingent consideration, current portion $ 3,324,500 $ (2,259,358 ) $ 4,055,649 $ 5,120,791 $ 5,120,791 Level 3: Contingent consideration, non-current - S5D $ 7,108,900 $ (2,050,000 ) $ (3,807,200 ) $ 1,251,700 $ 1,251,700 Contingent consideration, non-current - BLI 6,060,700 - (2,807,400 ) 3,253,300 3,253,300 Total contingent consideration, net of current portion $ 13,169,600 $ (2,050,000 ) $ (6,614,600 ) $ 4,505,000 $ 4,505,000 A summary of the quantitative significant inputs used to value S5D’s contingent consideration as of June 30, 2023 was: $ 3.56 66.6 15.7 5.1 A summary of the quantitative significant inputs used to value BLI’s contingent consideration as of June 30, 2023 was: $ 3.56 75.6 16.4 4.8 The change in fair value of contingent consideration for S5D and BLI for the year ended June 30, 2023 was a non-cash gain of approximately $ 0.17 1.11 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 The change in fair value of contingent consideration also reflects the first anniversary payout to the sellers of S5D based on the achievement of certain revenue thresholds as defined in the respective purchase agreement. This payout was made in March 2023 in the form of Company common stock with a fair value of $ 1.36 2.0 1.0 1.05 1.0 As of June 30, 2023, the Company’s contingent consideration liability related to XR Terra, LLC (“XRT”) is categorized as Level 3 within the fair value hierarchy as it is based on contractual amounts pursuant to the acquisition agreement, of which certain inputs are unobservable. The change in fair value of contingent consideration for XRT for the year ended June 30, 2023 was a non-cash expense of approximately $ 0.59 The change in fair value of contingent consideration for AUGGD for the year ended June 30, 2023 reflects the issuance of common stock to the sellers, net of a note repayment (see Notes 9 and 12). The range of potential additional contingent consideration through December 2024 related to the divestiture of AUGGD assets at June 30, 2023 is zero 0.65 The range of potential additional contingent consideration through April 2025 related to the PulpoAR acquisition at June 30, 2023 is zero 13.0 12.5 0.5

DEFERRED COSTS_CONTRACT ASSETS

DEFERRED COSTS/CONTRACT ASSETS AND DEFERRED REVENUE/CONTRACT LIABILITIES	12 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
DEFERRED COSTS/CONTRACT ASSETS AND DEFERRED REVENUE/CONTRACT LIABILITIES	NOTE 8. DEFERRED COSTS/CONTRACT ASSETS AND DEFERRED REVENUE/CONTRACT LIABILITIES At June 30, 2024 and 2023, deferred costs/contract assets totaling $ 170,781 158,552 135,057 158,552 35,724 0 72,788 466,393 72,788 459,510 0 6,883 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 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, 2024 As of June 30, 2023 Cost incurred on uncompleted contracts $ 106,035 $ 78,771 Estimated earnings 105,689 226,096 Earned revenue 211,724 304,867 Less: billings to date 176,000 311,750 Billings in excess of costs, net $ 35,724 $ (6,883 ) Balance Sheet Classification Contract assets includes, costs and estimated earnings in excess of billings on uncompleted contracts $ 35,724 $ - Contract liabilities includes, billings in excess of costs and estimated earnings on uncompleted contracts - (6,883 ) Billings in excess of costs, net $ 35,724 $ (6,883 )

EQUITY

EQUITY	12 Months Ended
	Jun. 30, 2024
Equity [Abstract]
EQUITY	NOTE 9. EQUITY Securities Purchase Agreement (“SPA”) On September 28, 2023, the Company entered into a SPA with certain institutional investors to sell 1,885,715 3.30 1.75 2.97 The SPA shares were issued on October 3, 2023. Simultaneously, the exercise price on warrants to purchase 750,000 14.63 1.75 Common Stock Issued Common stock issued to satisfy Contingent Acquisition Obligations During the year ended June 30, 2024, the Company issued approximately 714,000 0.81 71,000 0.17 During the year ended June 30, 2023 the Company issued approximately 577,000 2.41 107,000 0.32 0.57 0.25 71,000 0.33 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 Common stock issued to Employees as Compensation During the year ended June 30, 2024, the Company issued approximately 399,000 0.58 During the year ended June 30, 2023, the Company issued approximately 155,000 0.64 Common stock issued to Board of Directors During the year ended June 30, 2024, the Company issued approximately 258,000 443,000 0.37 75,000 0.11 Common stock issued for Exercise of Stock Options During the years ended June 30, 2024 and 2023, the Company issued approximately 9,000 42,000 0.0 0.07 Common stock issued to Vendors During the years ended June 30, 2024 and 2023, the Company issued approximately 44,000 2,000 0.10 0.01 Common stock issued for Business Acquisition and Asset Acquisition - Technology During the year ended June 30, 2023, the Company issued approximately: 714,000 2.85 71,000 0.33 214,000 0.73 Warrants In connection with the July 2021 IPO and the November 2021 SPA, the Company issued warrants, which are exercisable into Company common shares on a one-for-one basis, as detailed below. No THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 SCHEDULE OF WARRANTS OUTSTANDING Warrants Outstanding Exercise Price Expiration Date July 2021 IPO 87,500 $ 7.00 June 2026 November 2021 SPA 555,000 $ 1.75 November 2026 November 2021 SPA 195,000 $ 1.75 May 2027 Total 837,500 Employee Stock-Based Compensation Stock Option issuance to Executives In February 2023, pursuant to the Equity Incentive Plan, the Company granted certain executive officers 2.32 7.00 0.22 Equity Incentive Plan The Company’s 2016 Equity Incentive Plan (the “Plan”), as amended, has approximately 12.2 5.4 2.1 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 for the specific periods below are noted in the following table: SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTION 2024 2023 For the Years Ended 2024 2023 Weighted average expected terms (in years) 5.1 6.0 Weighted average expected volatility 103.3 % 88.8 % Weighted average risk-free interest rate 4.3 % 3.9 % Expected dividend yield 0.0 % 0.0 % The weighted average expected term (in years) in the table above excludes the executive Target Options. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 In February 2024, the Company offered current domestic employees the ability to cancel vested and non-vested stock options in return for a lesser amount of newly granted stock options at lower exercise prices and a new three-year vesting schedule. Pursuant to this offer, the Company cancelled approximately 828,000 578,000 31,000 21,000 250,000 250,000 The grant date fair value for options granted during the years ended June 30, 2024 (including the new grants detailed above) and 2023 (excluding executive Target Options), was approximately $ 1.53 6.40 8.53 The following is a summary of the Company’s stock option activity for the year ended June 30, 2024 and 2023, excluding the executive Target Options: SUMMARY OF STOCK OPTION ACTIVITY Weighted Average Remaining Exercise Contractual Intrinsic Options Price Term (Yrs) Value Outstanding at July 1, 2023 6,128,381 $ 4.84 7.0 $ 1,676,966 Options Granted 1,380,662 2.35 8.3 98,542 Options Exercised (25,000 ) 2.00 2.4 - Options Forfeited / Cancelled (3,840,163 ) 4.81 6.5 - Outstanding at June 30, 2024 3,643,880 $ 3.95 6.5 $ - Exercisable at June 30, 2024 1,973,499 $ 4.06 5.0 $ - The above table excludes executive Target Options: 2,100,000 7.00 8.6 Weighted Average Remaining Exercise Contractual Intrinsic Options Price Term (Yrs) Value Outstanding at July 1, 2022 4,484,616 $ 4.68 7.0 $ 2,404,249 Options Granted 2,155,909 5.63 9.6 - Options Exercised (104,932 ) 3.94 6.1 99,505 Options Forfeited / Cancelled (407,212 ) 7.39 8.5 28,830 Outstanding at June 30, 2023 6,128,381 $ 4.84 7.0 $ 1,676,966 Exercisable at June 30, 2023 3,741,523 $ 3.96 5.6 $ 1,676,966 The above table excludes executive Target Options: 2,100,000 7.00 9.7 The intrinsic value of stock options at June 30, 2024 and 2023 was computed using a fair market value of the common stock of $ 1.02 3.56 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 The Company’s stock option-based expense for the years ended June 30, 2024 and 2023 consisted of the following: SCHEDULE OF STOCK OPTION BASED EXPENSE 2024 2023 For the Years Ended June 30, 2024 2023 Stock option-based expense : Research and development expenses $ 731,638 $ 1,717,955 General and administrative expenses 346,309 299,664 Sales and marketing expenses 349,377 833,817 Cost of goods sold - 755 Board option expense 179,950 441,754 Total $ 1,607,275 $ 3,293,945 There is no expense included for the executive officers’ Target Options. At June 30, 2024 total unrecognized compensation expense to employees, board members and vendors related to stock options was approximately $ 2.67 8.53 2.06

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Jun. 30, 2024
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 2024 2023 For the Years Ended June 30, 2024 2023 Numerator: Net loss $ (6,394,295 ) $ (28,563,283 ) Denominator: Weighted-average common shares outstanding for basic and diluted net loss per share 16,681,234 13,929,135 Basic and diluted net loss per share $ (0.38 ) $ (2.05 ) Potentially dilutive securities, on a weighted average basis, 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 ANTI_DILUTIVE POTENTIALLY DILUTIVE SECURITIES At At Stock options 6,583,972 6,424,273 Warrants 837,500 837,500 Total 7,421,472 7,261,773 Stock options include 2,100,000 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023

PROVISION FOR INCOME TAXES

PROVISION FOR INCOME TAXES	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
PROVISION FOR INCOME TAXES	NOTE 11. PROVISION FOR INCOME TAXES The components of loss before provision for income taxes for the years ended June 30, 2024 and 2023 were as follows: SCHEDULE OF LOSS BEFORE PROVISION FOR INCOME TAXES For the Years ended June 30, 2024 2023 Loss subject to domestic income taxes $ (4,195,185 ) $ (25,743,631 ) Loss subject to foreign income taxes (2,199,110 ) (2,819,652 ) Total loss $ (6,394,295 ) $ (28,563,283 ) The Company recorded provision for foreign income taxes for the years ended June 30, 2024 and 2023 consists of the following: SCHEDULE OF PROVISION FOR FOREIGN INCOME TAXES For the Years ended June 30, 2024 2023 Current $ 38,588 $ 0 Deferred (38,588 ) 0 Total provision for income taxes $ 0 $ 0 There was no The reconciliation of taxes at the U.S. federal statutory rate to our provision for income taxes for the two years ended June 30, 2024 and 2023 were as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE For the Years ended 2024 2023 Statutory Federal income tax rate (21.00 )% (21.00 )% State and Local taxes, net of Federal tax benefit (10.15 )% (10.15 )% Stock based compensation expense (ISO) 3.46 % 3.21 % Foreign tax rate differential (4.00 )% (4.00 )% GAAP to Statutory 13.76 % (0 )% Change in valuation allowance 17.93 % 31.94 % Income Taxes Provision 0.00 % 0.00 % The Company had deferred tax assets as of June 30, 2024 and 2023 as follows: SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS As of As of June 30, 2024 June 30, 2023 Net-operating loss carryforward $ 9,347,624 $ 9,243,620 Goodwill and intangible asset impairment 2,949,790 2,399,309 Stock based compensation 306,274 368,831 Other 1,610,589 1,025,503 Total Deferred Tax Assets 14,214,277 13,037,263 Valuation allowance (14,175,689 ) (13,037,263 ) Deferred Tax Asset, Net $ 38,588 $ - The Company has established a valuation allowance against the net U.S. deferred tax assets due to uncertainty regarding the ability to utilize these deferred tax assets in the future. At June 30, 2024, the Company had aggregate net operating loss carryforwards (“NOLs”) of approximately $ 85.05 Federal NOLs for the periods ending June 30, 2018 and prior ($ 2.88 35.56 24.19 22.42 Section 382 of the U.S. Internal Revenue Code imposes an annual limitation on the amount of net operating loss carryforwards that may 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 stock ownership and its effect upon federal and state 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, 2024 and June 30, 2023. The Company’s valuation allowance during the years ended June 30, 2024 and 2023 increased by approximately $ 1.14 9.43 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 Upon completion of its 2023 (for fiscal year ending June 30, 2024) 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. Uncertain Tax Positions The following table summarizes the activity related to unrecognized tax benefits for the years ended June 30, 2024 and 2023: SCHEDULE OF UNRECOGNIZED TAX BENEFITS 2024 2023 For the Years ended June 30, 2024 2023 Unrecognized tax benefit -beginning of year $ 0 $ 0 Gross increases – prior year tax positions 0 0 Gross decreases – prior year tax positions 0 0 Gross increases – current year tax positions 38,588 0 Gross decreases – current year tax positions 0 0 Statute lapse 0 0 Unrecognized tax benefit – end of year $ 38,588 $ 0 At June 30, 2024 and 2023, the total amount of unrecognized tax benefits of $ 38,588 0 No interest and penalties were incurred or accrued for the years ended June 30, 2024 and 2023. The Company files U.S., state and foreign tax returns with varying statutes of limitations. No examinations by U.S., state or foreign authorities are currently under way.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12. RELATED PARTY TRANSACTIONS Augmented Reality Investments Pty Ltd (“ARI”) In March 2022, the Company lent to ARI, the entity from which the assets of AUGGD (see Notes 5) were bought, $ 0.25 The note bore interest at the rate of 1 The note and any accrued interest were extinguished in July 2022 (see Note 9).

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 13. COMMITMENTS AND CONTINGENCIES Lease Costs The Company made cash payments for all operating leases for the years ended June 30, 2024 and 2023, of approximately $ 0.58 0.60 1.13 8.43 The total rent expense for all operating leases for the years ended June 30, 2024 and 2023, was approximately $ 0.46 0.54 Lease Commitments The Company has various operating leases for its offices. These existing leases have remaining lease terms ranging from approximately 1 to 3 years. Certain lease agreements contain options to renew, with renewal terms that generally extend the lease terms by 1 to 3 years for each option. The Company determined that none of its current leases are reasonably certain to renew. THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 Future approximate undiscounted lease payments for the Company’s operating lease liabilities and a reconciliation of these payments to its operating lease liabilities at June 30, 2024 are as follows: SCHEDULE OF UNDISCOUNTED LEASE PAYMENTS Years Ended June 30, 2025 $ 400,000 2026 192,000 Total future minimum lease commitments, including short-term leases 592,000 Less: future minimum lease payments of short -term leases (15,000 ) Less: imputed interest (33,000 ) Present value of future minimum lease payments, excluding short term leases $ 544,000 Current portion of operating lease liabilities $ 365,000 Non-current portion of operating lease liabilities 179,000 Total operating lease liability $ 544,000 Contingent Consideration for Acquisitions Contingent consideration for acquisitions, consists of the following as of June 30, 2024 and, 2023 respectively (see Note 6): SCHEDULE OF CONTINGENT CONSIDERATION FOR ACQUISITIONS As of June 30, As of June 30, 2024 2023 S5D, current portion $ - $ 1,908,800 BLI, current portion 1,431,761 2,957,700 XRT 35,714 254,291 Subtotal current portion 1,467,475 5,120,791 S5D, net of current portion - 1,251,700 BLI, net of current portion 1,413,696 3,253,300 Contingent consideration for acquisitions, net of current portion 1,413,696 3,253,300 Total contingent consideration for acquisitions $ 2,881,171 $ 9,625,791 Employee Bonus During this fiscal year, a certain employee met the revenue threshold to earn a bonus payout and this was included in accrued non cash performance bonus in the consolidated balance sheet at June 30, 2023. This bonus was paid in February 2024 entirely in the form of Company common stock with a fair value of approximately $ 0.36 zero 0.55 Potential Future Distributions Upon Divestiture or Sale In some instances, upon a divestiture or sale of a subsidiary company or capital raise into subsidiary company, the Company is contractually obligated to distribute a portion of the net proceeds or capital raise to the senior management team of the divested subsidiary company.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14. SUBSEQUENT EVENTS On September 3, 2024, the Company received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $ 1.00 1.00 The Company’s receipt of the notification letter has no immediate effect on the listing of the Company’s shares, which will continue to trade uninterrupted on Nasdaq under the ticker “VRAR”. In addition, it does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission. In order to regain compliance with the Minimum Bid Price Requirements, the Company and its Board of Directors are reviewing various potential measures. The Company is not considering a reverse stock split at this time.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2024
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.
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, stock options, warrants, revenue recognition, allocation of the purchase price of assets relating to business combinations, calculation of contingent consideration for acquisitions, fair value of intangible assets and goodwill impairment.
Cash and Cash Equivalents, Restricted Cash	Cash and Cash Equivalents, Restricted Cash Cash and equivalents represent cash and short-term, highly liquid investments, that are both readily convertible to known amounts of cash and so near their maturity they present insignificant risk of changes in value because of changes in interest rates, with maturities three months or less at the date of purchase. Restricted cash represented $ 2.0
Accounts Receivable	Accounts Receivable Accounts receivable consists primarily of amounts due from customers under normal trade terms. We recognize accounts receivable at the amount we expect to collect from our customers. We provide an allowance for credit losses to reflect the estimated amount of accounts receivable that may not be collectible. We determine the allowance for credit losses through a combination of specific identification of troubled accounts, historical loss experience, industry trends, current market conditions, and customer creditworthiness.The allowance for credit losses is adjusted periodically to reflect changes in these factors. Our accounting policy for credit losses is in accordance with Accounting Standards Codification (ASC) 310, Receivables. As of June 30, 2024 and 2023 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 38 23 15 47 26 21 Three customers accounted for approximately 49 21 16 12 43 29 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, 2024 AND 2023
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. Acquisition 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 determining fair values of assets acquired and liabilities assumed in a business combination.
Intangible assets (other than Goodwill)	Intangible assets (other than Goodwill) Intangible assets include acquired customer relationships and developed technology purchased. Intangible assets are stated at allocated cost less accumulated amortization and less impairments. 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.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews long-lived assets to be held and used, other than goodwill, whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If an evaluation of recoverability is required, the estimated undiscounted future cashflows directly associated with the asset are compared with the asset’s carrying amount. If the estimated future cash flows from the use of the asset are less than the carrying value, an impairment charge would be recorded to write down the asset to its estimated fair value.
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; THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 ● 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 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, 2024 and 2023. 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, at times, the assistance of a third-party valuation specialist. The Company’s other financial instruments consist primarily of accounts receivable, accounts payable and other liabilities, and approximate fair value due to the short-term nature of these instruments.
Equipment	Equipment Equipment, comprised of computer hardware, is stated at cost less accumulated depreciation. It is depreciated using the straight-line method over the estimated useful life of the asset, which is primarily 3 0.12 0.14
Revenue Recognition	Revenue Recognition Nature of Revenues The Company reports its revenues in two categories: ● Software Services: VR, AR and Spatial Computing projects, solutions and consulting services. ● Software License and Software-as-a-Service (“SaaS”): VR, AR or Spatial Computing 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, 2024 AND 2023 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, 2024 and 2023 by delivering: (i) Software Services, consisting primarily of VR/AR/Spatial Computing software projects, solutions and consulting services, and (ii) Software Licenses & SaaS, consisting primarily of VR, AR and Spatial Computing 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. Certain other Software Services revenues are custom project solutions (projects whereby, the development of the custom project leads to an identifiable asset with no alternative use to the Company, and, in which, the Company also has an enforceable right to payment under the contract) and are therefore recognized based on the percentage of completion using an input model with a master budget. The budget is reviewed periodically and percentage of completion adjusted accordingly. 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 Licenses is recognized at the point of time in which the Company delivers the software and customer accepts delivery. Software Licenses often include third party components that are a fully integrated part of the Software License stack and are therefore considered as one deliverable and performance obligation. 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, 2024 AND 2023 Timing of Revenue The timing of revenue recognition for the years ended June 30, 2024 and 2023 was as follows: SCHEDULE OF TIMING REVENUE RECOGNITION 2024 2023 For theYears Ended June 30, 2024 2023 Products and services transferred at a point in time $ 7,371,004 $ 10,455,829 Products and services transferred/recognized over time 1,433,195 3,026,535 Total Revenue $ 8,804,199 $ 13,482,364 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 contracts 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). THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 Unfulfilled performance obligations represent amounts expected to be earned by the Company on executed contracts. As of June 30, 2024 and 2023, the Company had approximately $ 5.95 2.16
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 based upon historical volatility for a rolling previous year’s trading days of the Company’s common stock. 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.
Foreign Currency	Foreign Currency Assets and liabilities recorded in foreign currency are translated at the exchange rate on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Translation adjustments resulting from this process, which are deminimis, are recorded in general and administrative expenses on the consolidated statement of operations.
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% likely of being realized. For tax positions that are not more likely than not of being sustained upon audit, the Company does not recognize any portion of the benefit. The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, Income Taxes 38,588 THE GLIMPSE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 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, 2024 and 2023. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.
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.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In September 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2016-13, Financial Instruments – Credit Losses (Topic 326) which requires measurement and recognition of expected credit losses for financial assets held. The Company adopted this guidance on July 1, 2023 and the impact of the adoption was not material to our consolidated financial statements as credit losses are not expected to be significant based on historical collection trends, the financial condition of payment partners, and external market factors. In December 2019, the FASB issued ASU No. 2019-12 to simplify the accounting in Accounting Standards Codification (“ASC”) 740, Income Taxes. This standard removes certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. This guidance also clarifies and simplifies other areas of ASC 740. The Company adopted this guidance on July 1, 2023 using the prospective transition method. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning July 1, 2025. The Company is currently evaluating the ASU to determine its impact on the Company’s disclosures.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SCHEDULE OF TIMING REVENUE RECOGNITION	The timing of revenue recognition for the years ended June 30, 2024 and 2023 was as follows: SCHEDULE OF TIMING REVENUE RECOGNITION 2024 2023 For theYears Ended June 30, 2024 2023 Products and services transferred at a point in time $ 7,371,004 $ 10,455,829 Products and services transferred/recognized over time 1,433,195 3,026,535 Total Revenue $ 8,804,199 $ 13,482,364

BUSINESS ACQUISITION AND ASSE_2

BUSINESS ACQUISITION AND ASSET ACQUISTION - TECHNOLOGY (Tables)	12 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION	The fair value allocation for the purchase price consideration paid at Closing was recorded as follows: SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION Purchase price consideration: Cash paid to members at Closing $ 2,494,213 Company common stock fair value at Closing 2,846,144 Fair value of contingent consideration to be achieved 7,325,000 Total purchase price $ 12,665,357 Fair value allocation of purchase price: Cash and cash equivalents $ 15,560 Accounts receivable 253,041 Deferred costs/contract assets 552,625 Other assets 10,000 Equipment, net 55,580 Accounts payable and accrued expenses (848,079 ) Deferred revenue/contract liabilities (2,037,070 ) Intangible assets - customer relationships 3,310,000 Intangible assets - technology 880,000 Goodwill 10,473,700 Total fair value allocation of purchase price $ 12,665,357

IMPAIRMENT OF GOODWILL AND LO_2

IMPAIRMENT OF GOODWILL AND LONG-LIVED ASSETS (Tables)	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF IMPAIRMENT OF GOODWILL AND LONG-LIVED ASSETS	SCHEDULE OF IMPAIRMENT OF GOODWILL AND LONG-LIVED ASSETS Goodwill $ 12,605,723 Intangible asset - customer relationships 2,021,000 (net of accumulated amortization) Operating lease - right-of-use asset 209,901 (net of accumulated amortization) Fixed assets (net of accumulated depreciation) 36,037 Total S5D intangible asset impairment expense $ 14,872,661

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF COMPOSITION OF GOODWILL	The composition of goodwill at June 30, 2024 and 2023 is as follows: SCHEDULE OF COMPOSITION OF GOODWILL XRT PulpoAR BLI Total Year ended June 30, 2024 XRT PulpoAR BLI Total Goodwill - beginning of year $ 300,000 $ 379,038 $ 10,557,600 $ 11,236,638 Acquisitions Adjustments Impairments - (379,038 ) - (379,038 ) Goodwill - end of year $ 300,000 $ - $ 10,557,600 $ 10,857,600 AUGGD XRT S5D PulpoAR BLI Total Year ended June 30, 2023 AUGGD XRT S5D PulpoAR BLI Total Goodwill - beginning of year $ 250,000 $ 300,000 $ 12,605,723 $ 309,037 $ - $ 13,464,760 Acquisitions - - - - 10,473,700 10,473,700 Adjustments - - - 70,001 83,900 153,901 Impairments (250,000 ) - (12,605,723 ) - - (12,855,723 ) Goodwill - end of year $ - $ 300,000 $ - $ 379,038 $ 10,557,600 $ 11,236,638
SCHEDULE OF INTANGIBLE ASSETS, AMORTIZATION PERIOD AND ACCUMULATED AMORTIZATION	Intangible assets, their respective amortization period, and accumulated amortization at June 30, 2024 and 2023 are as follows: SCHEDULE OF INTANGIBLE ASSETS, AMORTIZATION PERIOD AND ACCUMULATED AMORTIZATION XR Terra Pulpo BLI inciteVR Total As of June 30, 2024 Value ($) Amortization Period (Years) XR Terra Pulpo BLI inciteVR Total Intangible Assets Customer Relationships - beginning of year $ - $ - $ 3,310,000 $ - $ 3,310,000 5 Customer Relationships - impairment - - (3,310,000 ) - (3,310,000 ) Customer Relationships - end of year - - - - - Technology - beginning of year 300,000 925,000 880,000 326,435 2,431,435 3 Technology impairment - (925,000 ) - - (925,000 ) Technology - end of year 300,000 - 880,000 326,435 1,506,435 Less: Accumulated Amortization (274,995 ) - (562,214 ) (181,359 ) (1,018,568 ) Intangible Assets, net $ 25,005 $ - $ 317,786 $ 145,076 $ 487,867 XR Terra S5D AUGGD Pulpo BLI inciteVR Total As of June 30, 2023 Value ($) Amortization Period (Years) XR Terra S5D AUGGD Pulpo BLI inciteVR Total Intangible Assets Customer Relationships - beginning of year $ - $ 2,820,000 $ 250,000 $ - $ - $ - $ 3,070,000 3 5 Customer Relationships additions - - - - 3,310,000 - 3,310,000 5 Customer Relationships impairment - (2,820,000 ) (250,000 ) - - - (3,070,000 ) Customer Relationships - end of year - - - - 3,310,000 - 3,310,000 Technology - beginning of year 300,000 - 250,000 925,000 - - 1,475,000 3 Technology additions - - - - 880,000 326,435 1,206,435 3 Technology impairment - - (250,000 ) - - - (250,000 ) Technology - end of year 300,000 - - 925,000 880,000 326,435 2,431,435 Less: Accumulated Amortization (174,995 ) - - (334,025 ) (875,722 ) (72,542 ) (1,457,284 ) Intangible Assets, net $ 125,005 $ - $ - $ 590,975 $ 3,314,278 $ 253,893 $ 4,284,151
SCHEDULE OF INTANGIBLE ASSET AMORTIZATION EXPENSE	Estimated intangible asset amortization expense for the remaining lives are as follows: SCHEDULE OF INTANGIBLE ASSET AMORTIZATION EXPENSE Years Ended June 30, 2025 $ 427,000 2026 $ 61,000

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Jun. 30, 2024
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, 2024 Cost Unrealized Gain (Loss) Fair Value Cash and Cash Equivalents Cash $ 109,659 $ - - $ 109,659 Level 1: Money market funds 1,738,636 - $ 1,738,636 1,738,636 Total cash and cash equivalents $ 1,848,295 $ - $ 1,738,636 $ 1,848,295 As of June 30, 2023 Cost Unrealized Gain (Loss) Fair Value Cash and Cash Equivalents Cash $ 242,271 $ - $ 242,271 Level 1: Money market funds 5,376,812 - $ 5,376,812 5,376,812 Total cash and cash equivalents $ 5,619,083 $ - $ 5,376,812 $ 5,619,083
SCHEDULE OF FAIR VALUE OF CONTINGENT CONSIDERATION	As of June 30, 2024, the Company’s contingent consideration liabilities current and non-current balances were as follows: SCHEDULE OF FAIR VALUE OF CONTINGENT CONSIDERATION Contingent Consideration at Purchase Date Consideration Paid Changes in Fair Value Fair Value Contingent Consideration As of June 30, 2024 Contingent Consideration at Purchase Date Consideration Paid Changes in Fair Value Fair Value Contingent Consideration Level 3: Contingent consideration, current - S5D $ 2,060,300 $ (1,359,001 ) $ (701,299 ) $ - $ - Contingent consideration, current - BLI 1,264,200 - 167,561 1,431,761 1,431,761 Contingent consideration, current - XRT - (499,288 ) 535,002 35,714 35,714 Total contingent consideration, current portion $ 3,324,500 $ (1,858,289 ) $ 1,264 $ 1,467,475 $ 1,467,475 Level 3: Contingent consideration, non-current - S5D $ 7,108,900 $ (2,857,143 ) $ (4,251,757 ) $ - $ - Contingent consideration, non-current - BLI 6,060,700 (1,497,894 ) (3,149,110 ) 1,413,696 1,413,696 Total contingent consideration, net of current portion $ 13,169,600 $ (4,355,037 ) $ (7,400,867 ) $ 1,413,696 $ 1,413,696 As of June 30, 2023, the Company’s contingent consideration liabilities current and non-current balances were as follows: Contingent Consideration at Purchase Date Consideration Paid Changes in Fair Value Fair Value Contingent Consideration As of June 30, 2023 Contingent Consideration at Purchase Date Consideration Paid Changes in Fair Value Fair Value Contingent Consideration Level 3: Contingent consideration, current - S5D $ 2,060,300 $ (1,359,001 ) $ 1,207,501 $ 1,908,800 $ 1,908,800 Contingent consideration, current - BLI 1,264,200 - 1,693,500 2,957,700 2,957,700 Contingent consideration, current - AUGGD - (568,571 ) 568,571 - - Contingent consideration, current - XRT - (331,786 ) 586,077 254,291 254,291 Total contingent consideration, current portion $ 3,324,500 $ (2,259,358 ) $ 4,055,649 $ 5,120,791 $ 5,120,791 Level 3: Contingent consideration, non-current - S5D $ 7,108,900 $ (2,050,000 ) $ (3,807,200 ) $ 1,251,700 $ 1,251,700 Contingent consideration, non-current - BLI 6,060,700 - (2,807,400 ) 3,253,300 3,253,300 Total contingent consideration, net of current portion $ 13,169,600 $ (2,050,000 ) $ (6,614,600 ) $ 4,505,000 $ 4,505,000

DEFERRED COSTS_CONTRACT ASSET_2

DEFERRED COSTS/CONTRACT ASSETS AND DEFERRED REVENUE/CONTRACT LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2024
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, 2024 As of June 30, 2023 Cost incurred on uncompleted contracts $ 106,035 $ 78,771 Estimated earnings 105,689 226,096 Earned revenue 211,724 304,867 Less: billings to date 176,000 311,750 Billings in excess of costs, net $ 35,724 $ (6,883 ) Balance Sheet Classification Contract assets includes, costs and estimated earnings in excess of billings on uncompleted contracts $ 35,724 $ - Contract liabilities includes, billings in excess of costs and estimated earnings on uncompleted contracts - (6,883 ) Billings in excess of costs, net $ 35,724 $ (6,883 )

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Jun. 30, 2024
Equity [Abstract]
SCHEDULE OF WARRANTS OUTSTANDING	SCHEDULE OF WARRANTS OUTSTANDING Warrants Outstanding Exercise Price Expiration Date July 2021 IPO 87,500 $ 7.00 June 2026 November 2021 SPA 555,000 $ 1.75 November 2026 November 2021 SPA 195,000 $ 1.75 May 2027 Total 837,500
SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTION	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 for the specific periods below are noted in the following table: SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTION 2024 2023 For the Years Ended 2024 2023 Weighted average expected terms (in years) 5.1 6.0 Weighted average expected volatility 103.3 % 88.8 % Weighted average risk-free interest rate 4.3 % 3.9 % 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 year ended June 30, 2024 and 2023, excluding the executive Target Options: SUMMARY OF STOCK OPTION ACTIVITY Weighted Average Remaining Exercise Contractual Intrinsic Options Price Term (Yrs) Value Outstanding at July 1, 2023 6,128,381 $ 4.84 7.0 $ 1,676,966 Options Granted 1,380,662 2.35 8.3 98,542 Options Exercised (25,000 ) 2.00 2.4 - Options Forfeited / Cancelled (3,840,163 ) 4.81 6.5 - Outstanding at June 30, 2024 3,643,880 $ 3.95 6.5 $ - Exercisable at June 30, 2024 1,973,499 $ 4.06 5.0 $ - Weighted Average Remaining Exercise Contractual Intrinsic Options Price Term (Yrs) Value Outstanding at July 1, 2022 4,484,616 $ 4.68 7.0 $ 2,404,249 Options Granted 2,155,909 5.63 9.6 - Options Exercised (104,932 ) 3.94 6.1 99,505 Options Forfeited / Cancelled (407,212 ) 7.39 8.5 28,830 Outstanding at June 30, 2023 6,128,381 $ 4.84 7.0 $ 1,676,966 Exercisable at June 30, 2023 3,741,523 $ 3.96 5.6 $ 1,676,966
SCHEDULE OF STOCK OPTION BASED EXPENSE	The Company’s stock option-based expense for the years ended June 30, 2024 and 2023 consisted of the following: SCHEDULE OF STOCK OPTION BASED EXPENSE 2024 2023 For the Years Ended June 30, 2024 2023 Stock option-based expense : Research and development expenses $ 731,638 $ 1,717,955 General and administrative expenses 346,309 299,664 Sales and marketing expenses 349,377 833,817 Cost of goods sold - 755 Board option expense 179,950 441,754 Total $ 1,607,275 $ 3,293,945

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Jun. 30, 2024
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 2024 2023 For the Years Ended June 30, 2024 2023 Numerator: Net loss $ (6,394,295 ) $ (28,563,283 ) Denominator: Weighted-average common shares outstanding for basic and diluted net loss per share 16,681,234 13,929,135 Basic and diluted net loss per share $ (0.38 ) $ (2.05 )
SCHEDULE OF ANTI_DILUTIVE POTENTIALLY DILUTIVE SECURITIES	Potentially dilutive securities, on a weighted average basis, 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 ANTI_DILUTIVE POTENTIALLY DILUTIVE SECURITIES At At Stock options 6,583,972 6,424,273 Warrants 837,500 837,500 Total 7,421,472 7,261,773

PROVISION FOR INCOME TAXES (Tab

PROVISION FOR INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
SCHEDULE OF LOSS BEFORE PROVISION FOR INCOME TAXES	The components of loss before provision for income taxes for the years ended June 30, 2024 and 2023 were as follows: SCHEDULE OF LOSS BEFORE PROVISION FOR INCOME TAXES For the Years ended June 30, 2024 2023 Loss subject to domestic income taxes $ (4,195,185 ) $ (25,743,631 ) Loss subject to foreign income taxes (2,199,110 ) (2,819,652 ) Total loss $ (6,394,295 ) $ (28,563,283 )
SCHEDULE OF PROVISION FOR FOREIGN INCOME TAXES	The Company recorded provision for foreign income taxes for the years ended June 30, 2024 and 2023 consists of the following: SCHEDULE OF PROVISION FOR FOREIGN INCOME TAXES For the Years ended June 30, 2024 2023 Current $ 38,588 $ 0 Deferred (38,588 ) 0 Total provision for income taxes $ 0 $ 0
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE	The reconciliation of taxes at the U.S. federal statutory rate to our provision for income taxes for the two years ended June 30, 2024 and 2023 were as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE For the Years ended 2024 2023 Statutory Federal income tax rate (21.00 )% (21.00 )% State and Local taxes, net of Federal tax benefit (10.15 )% (10.15 )% Stock based compensation expense (ISO) 3.46 % 3.21 % Foreign tax rate differential (4.00 )% (4.00 )% GAAP to Statutory 13.76 % (0 )% Change in valuation allowance 17.93 % 31.94 % Income Taxes Provision 0.00 % 0.00 %
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS	The Company had deferred tax assets as of June 30, 2024 and 2023 as follows: SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS As of As of June 30, 2024 June 30, 2023 Net-operating loss carryforward $ 9,347,624 $ 9,243,620 Goodwill and intangible asset impairment 2,949,790 2,399,309 Stock based compensation 306,274 368,831 Other 1,610,589 1,025,503 Total Deferred Tax Assets 14,214,277 13,037,263 Valuation allowance (14,175,689 ) (13,037,263 ) Deferred Tax Asset, Net $ 38,588 $ -
SCHEDULE OF UNRECOGNIZED TAX BENEFITS	The following table summarizes the activity related to unrecognized tax benefits for the years ended June 30, 2024 and 2023: SCHEDULE OF UNRECOGNIZED TAX BENEFITS 2024 2023 For the Years ended June 30, 2024 2023 Unrecognized tax benefit -beginning of year $ 0 $ 0 Gross increases – prior year tax positions 0 0 Gross decreases – prior year tax positions 0 0 Gross increases – current year tax positions 38,588 0 Gross decreases – current year tax positions 0 0 Statute lapse 0 0 Unrecognized tax benefit – end of year $ 38,588 $ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF UNDISCOUNTED LEASE PAYMENTS	Future approximate undiscounted lease payments for the Company’s operating lease liabilities and a reconciliation of these payments to its operating lease liabilities at June 30, 2024 are as follows: SCHEDULE OF UNDISCOUNTED LEASE PAYMENTS Years Ended June 30, 2025 $ 400,000 2026 192,000 Total future minimum lease commitments, including short-term leases 592,000 Less: future minimum lease payments of short -term leases (15,000 ) Less: imputed interest (33,000 ) Present value of future minimum lease payments, excluding short term leases $ 544,000 Current portion of operating lease liabilities $ 365,000 Non-current portion of operating lease liabilities 179,000 Total operating lease liability $ 544,000
SCHEDULE OF CONTINGENT CONSIDERATION FOR ACQUISITIONS	Contingent consideration for acquisitions, consists of the following as of June 30, 2024 and, 2023 respectively (see Note 6): SCHEDULE OF CONTINGENT CONSIDERATION FOR ACQUISITIONS As of June 30, As of June 30, 2024 2023 S5D, current portion $ - $ 1,908,800 BLI, current portion 1,431,761 2,957,700 XRT 35,714 254,291 Subtotal current portion 1,467,475 5,120,791 S5D, net of current portion - 1,251,700 BLI, net of current portion 1,413,696 3,253,300 Contingent consideration for acquisitions, net of current portion 1,413,696 3,253,300 Total contingent consideration for acquisitions $ 2,881,171 $ 9,625,791

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)		12 Months Ended
	Oct. 28, 2022	Jun. 30, 2024	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss		$ 6,394,295	$ 28,563,283
Accumulated deficit		$ 63,039,273	$ 56,644,978
Proceeds from issuance or sale of equity	$ 100,000,000

SCHEDULE OF TIMING REVENUE RECO

SCHEDULE OF TIMING REVENUE RECOGNITION (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total Revenue	$ 8,804,199	$ 13,482,364
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	7,371,004	10,455,829
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 1,433,195	$ 3,026,535

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Product Information [Line Items]
Restricted Cash	$ 2,000,000
Estimated useful life	3 years
Depreciation expense	$ 120,000	$ 140,000
Revenue remaining performance obligation	5,950,000	2,160,000
Unrecognized tax benefit	$ 38,588	$ 0	$ 0
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Two Customers [Member]
Product Information [Line Items]
Concentration risk percentage	38%	47%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Product Information [Line Items]
Concentration risk percentage	23%	26%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer Two [Member]
Product Information [Line Items]
Concentration risk percentage	15%	21%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Customers [Member]
Product Information [Line Items]
Concentration risk percentage		43%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Product Information [Line Items]
Concentration risk percentage	21%	29%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Two [Member]
Product Information [Line Items]
Concentration risk percentage	16%	14%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Three Customers [Member]
Product Information [Line Items]
Concentration risk percentage	49%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Three [Member]
Product Information [Line Items]
Concentration risk percentage	12%

SCHEDULE OF BUSINESS ACQUISITIO

SCHEDULE OF BUSINESS ACQUISITION PURCHASE PRICE CONSIDERATION (Details) - USD ($)	Aug. 01, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Intangible assets - technology		$ 327,000	$ 327,000
Goodwill		$ 10,857,600	$ 11,236,638	$ 13,464,760
Merger Agreement [Member] | Brightline Interactive LLC [Member]
Business Acquisition [Line Items]
Cash paid to members at closing	$ 2,494,213
Company common stock fair value at closing	2,846,144
Fair value of contingent consideration to be achieved	7,325,000
Total purchase price	12,665,357
Cash and cash equivalents	15,560
Accounts receivable	253,041
Deferred costs/contract assets	552,625
Cash paid to members at closing	10,000
Equipment, net	55,580
Accounts payable and accrued expenses	(848,079)
Deferred revenue/contract liabilities	(2,037,070)
Intangible assets - customer relationships	3,310,000
Intangible assets - technology	880,000
Goodwill	10,473,700
Total fair value allocation of purchase price	$ 12,665,357

BUSINESS ACQUISITION AND ASSE_3

BUSINESS ACQUISITION AND ASSET ACQUISTION - TECHNOLOGY (Details Narrative) - USD ($)		1 Months Ended	12 Months Ended
	Aug. 01, 2022	Nov. 30, 2022	Jun. 30, 2024	Jun. 30, 2023
Business Acquisition [Line Items]
Payment for contingent liability			$ 1,497,894	$ 1,000,000
Net loss			(6,394,295)	(28,563,283)
Intangible assets technology			327,000	327,000
Brightline Interactive LLC [Member]
Business Acquisition [Line Items]
Revenue			2,780,000	4,850,000
Net loss			2,630,000	2,140,000
Gain on fair value adjustment			$ 1,870,000	$ 1,110,000
Merger Agreement [Member] | Brightline Interactive LLC [Member]
Business Acquisition [Line Items]
Payment to acquire business	$ 568,046
Working capital	$ 505,787
Shares issued for acquisition, shares	714,286
Share price	$ 7
Total Purchase price	$ 12,665,357
Intangible assets technology	880,000
Merger Agreement [Member] | Brightline Interactive LLC [Member] | Minimum [Member]
Business Acquisition [Line Items]
Contingent consideration liability	24,500,000
Merger Agreement [Member] | Brightline Interactive LLC [Member] | Maximum [Member]
Business Acquisition [Line Items]
Contingent consideration liability	24,500,000
Payment for contingent liability	12,000,000
Merger Agreement [Member] | Brightline Interactive LLC [Member] | Debt [Member]
Business Acquisition [Line Items]
Payment to acquire business	$ 1,926,167
Assignment Agreement [Member]
Business Acquisition [Line Items]
Shares issued		71,430
Value issued		$ 327,000

SCHEDULE OF IMPAIRMENT OF GOODW

SCHEDULE OF IMPAIRMENT OF GOODWILL AND LONG-LIVED ASSETS (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Operating lease - right-of-use asset	$ 452,808	$ 627,832
Fixed assets (net of accumulated depreciation)	167,325	$ 264,451
Sector 5 Digital [Member]
Restructuring Cost and Reserve [Line Items]
Goodwill	12,605,723
Intangible asset - customer relationships	2,021,000
Operating lease - right-of-use asset	209,901
Fixed assets (net of accumulated depreciation)	36,037
Total S5D intangible asset impairment expense	$ 14,872,661

SCHEDULE OF COMPOSITION OF GOOD

SCHEDULE OF COMPOSITION OF GOODWILL (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Goodwill - beginning of year	$ 11,236,638	$ 13,464,760
Acquisitions		10,473,700
Adjustments		153,901
Impairments	(379,038)	(12,855,723)
Goodwill - end of year	10,857,600	11,236,638
XR Terra, LLC. [Member]
Restructuring Cost and Reserve [Line Items]
Goodwill - beginning of year	300,000	300,000
Acquisitions
Adjustments
Impairments
Goodwill - end of year	300,000	300,000
PulpoAR, LLC [Member]
Restructuring Cost and Reserve [Line Items]
Goodwill - beginning of year	379,038	309,037
Acquisitions
Adjustments		70,001
Impairments	(379,038)
Goodwill - end of year		379,038
Brightline Interactive, LLC [Member]
Restructuring Cost and Reserve [Line Items]
Goodwill - beginning of year	10,557,600
Acquisitions		10,473,700
Adjustments		83,900
Impairments
Goodwill - end of year	10,557,600	10,557,600
AUGGD [Member]
Restructuring Cost and Reserve [Line Items]
Goodwill - beginning of year		250,000
Acquisitions
Adjustments
Impairments		(250,000)
Goodwill - end of year
Sector 5 Digital [Member]
Restructuring Cost and Reserve [Line Items]
Goodwill - beginning of year		12,605,723
Acquisitions
Adjustments
Impairments		(12,605,723)
Goodwill - end of year

SCHEDULE OF INTANGIBLE ASSETS,

SCHEDULE OF INTANGIBLE ASSETS, AMORTIZATION PERIOD AND ACCUMULATED AMORTIZATION (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Technology impairment	$ (2,563,331)	$ (2,496,119)
Less: Accumulated Amortization	(1,018,568)	(1,457,284)
Intangible Assets, net	487,867	4,284,151
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year	$ 3,310,000	3,070,000
Intangible assets amortization period	5 years
Technology - end of year		$ 3,310,000
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period		3 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period		5 years
Customer Relationships Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment	(3,310,000)	$ (3,070,000)
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year	$ 2,431,435	$ 1,475,000
Intangible assets amortization period	3 years	3 years
Technology - end of year	$ 1,506,435	$ 2,431,435
Technolgy Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment	(925,000)	$ (250,000)
Customer Relationships Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period		5 years
Technology impairment		$ 3,310,000
Technolgy Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment		$ 1,206,435
Technology Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period		3 years
XR Terra, LLC. [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization	(274,995)	$ (174,995)
Intangible Assets, net	25,005	125,005
XR Terra, LLC. [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year
Technology - end of year
XR Terra, LLC. [Member] | Customer Relationships Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
XR Terra, LLC. [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year	300,000	300,000
Technology - end of year	300,000	300,000
XR Terra, LLC. [Member] | Technolgy Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
XR Terra, LLC. [Member] | Customer Relationships Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
XR Terra, LLC. [Member] | Technolgy Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
PulpoAR, LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization		(334,025)
Intangible Assets, net		590,975
PulpoAR, LLC [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year
Technology - end of year
PulpoAR, LLC [Member] | Customer Relationships Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
PulpoAR, LLC [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year	925,000	925,000
Technology - end of year		925,000
PulpoAR, LLC [Member] | Technolgy Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment	(925,000)
PulpoAR, LLC [Member] | Customer Relationships Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
PulpoAR, LLC [Member] | Technolgy Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
Brightline Interactive, LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization	(562,214)	(875,722)
Intangible Assets, net	317,786	3,314,278
Brightline Interactive, LLC [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year	3,310,000
Technology - end of year		3,310,000
Brightline Interactive, LLC [Member] | Customer Relationships Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment	(3,310,000)
Brightline Interactive, LLC [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year	880,000
Technology - end of year	880,000	880,000
Brightline Interactive, LLC [Member] | Technolgy Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
Brightline Interactive, LLC [Member] | Customer Relationships Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment		3,310,000
Brightline Interactive, LLC [Member] | Technolgy Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment		880,000
InciteVR [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization	(181,359)	(72,542)
Intangible Assets, net	145,076	253,893
InciteVR [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year
Technology - end of year
InciteVR [Member] | Customer Relationships Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
InciteVR [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year	326,435
Technology - end of year	326,435	326,435
InciteVR [Member] | Technolgy Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
InciteVR [Member] | Customer Relationships Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
InciteVR [Member] | Technolgy Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment		326,435
Sector 5 Digital, LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization
Intangible Assets, net
Sector 5 Digital, LLC [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year		2,820,000
Technology - end of year
Sector 5 Digital, LLC [Member] | Customer Relationships Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment		(2,820,000)
Sector 5 Digital, LLC [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year
Technology - end of year
Sector 5 Digital, LLC [Member] | Technolgy Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
Sector 5 Digital, LLC [Member] | Customer Relationships Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
Sector 5 Digital, LLC [Member] | Technolgy Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
AUGGD [Member]
Finite-Lived Intangible Assets [Line Items]
Less: Accumulated Amortization
Intangible Assets, net
AUGGD [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year		250,000
Technology - end of year
AUGGD [Member] | Customer Relationships Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment		(250,000)
AUGGD [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Technology - beginning of year		250,000
Technology - end of year
AUGGD [Member] | Technolgy Impairment [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment		(250,000)
AUGGD [Member] | Customer Relationships Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment
AUGGD [Member] | Technolgy Additions [Member]
Finite-Lived Intangible Assets [Line Items]
Technology impairment

IMPAIRMENT OF GOODWILL AND LO_3

IMPAIRMENT OF GOODWILL AND LONG-LIVED ASSETS (Details Narrative) - USD ($)		1 Months Ended		12 Months Ended
	Dec. 01, 2023	Mar. 31, 2023	Feb. 28, 2022	Jun. 30, 2024	Jun. 30, 2023	Apr. 01, 2023	Aug. 31, 2022	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible asset impairment				$ 10,857,600	$ 11,236,638			$ 13,464,760
Net loss				(6,394,295)	(28,563,283)
Impairment of intangible assets				2,563,331	2,496,119
Intangible asset impairment expense				2,942,369	15,351,842
Stock issued during period, value, new issues					2,846,144
Impairment of goodwill				379,038	12,855,723
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset - customer relationships				1,506,435	2,431,435			1,475,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset - customer relationships					3,310,000			3,070,000
PulpoAR, LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets written off				900,000
Intangible asset impairment					379,038			309,037
Ownership percentage	10%
Secured debt	$ 1,000,000
Non cash gaiin on divestiture	$ 1,000,000
Maturity date	Nov. 30, 2026
Interest rate	1%
Investment at cost	$ 0
Revenue				70,000	490,000
Net loss				420,000	870,000
Impairment of goodwill				379,038
PulpoAR, LLC [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets written off				520,000
Intangible asset impairment				380,000
Intangible asset - customer relationships					925,000			925,000
PulpoAR, LLC [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset - customer relationships
Brightline Interactive LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Revenue				2,780,000	4,850,000
Net loss				2,630,000	2,140,000
Impairment of intangible assets				2,040,000
Brightline Interactive LLC [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset - customer relationships							$ 3,310,000
Sector 5 Digital, LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset impairment			$ 12,610,000
Net loss				310,000	1,260,000
Fair value consideration			15,470,000
Intangible assets			$ 2,820,000
Intangible asset impairment expense				14,870,000
Revenues				$ 1,780,000	2,730,000
Sector 5 Digital, LLC [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset - customer relationships
Sector 5 Digital, LLC [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset - customer relationships								2,820,000
AUGGD [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets written off					480,000
Intangible asset impairment								250,000
Ownership percentage						19.99%
Investment at cost		$ 0
Revenue					10,000
Net loss					330,000
Stock issued during period, value, new issues		750,000
Payments of dividends common stock		$ 650,000
Impairment of goodwill					250,000
AUGGD [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets written off					120,000
Intangible asset - customer relationships								250,000
AUGGD [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets written off					110,000
Intangible asset - customer relationships								$ 250,000

SCHEDULE OF INTANGIBLE ASSET AM

SCHEDULE OF INTANGIBLE ASSET AMORTIZATION EXPENSE (Details)	Jun. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 427,000
2026	$ 61,000

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Intangible asset amortization expense	$ 1,241,228	$ 2,045,587
PulpoAR, LLC [Member]
Restructuring Cost and Reserve [Line Items]
Intangible asset amortization expense	80,000	300,000
Brightline Interactive LLC [Member]
Restructuring Cost and Reserve [Line Items]
Intangible asset amortization expense	$ 660,000	610,000
Sector 5 Digital, LLC [Member]
Restructuring Cost and Reserve [Line Items]
Intangible asset amortization expense		690,000
AUGGD [Member]
Restructuring Cost and Reserve [Line Items]
Intangible asset amortization expense		$ 690,000

SCHEDULE OF CASH AND CASH EQUIV

SCHEDULE OF CASH AND CASH EQUIVALENTS AND INVESTMENTS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Impairment Effects on Earnings Per Share [Line Items]
Cash and Cash Equivalents	$ 1,848,295	$ 5,619,083
Cash [Member]
Impairment Effects on Earnings Per Share [Line Items]
Cost	109,659	242,271
Unrealized Gain (Loss)
Fair Value
Cash and Cash Equivalents	109,659	242,271
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Impairment Effects on Earnings Per Share [Line Items]
Cost	1,738,636	5,376,812
Unrealized Gain (Loss)
Fair Value	1,738,636	5,376,812
Cash and Cash Equivalents	1,738,636	5,376,812
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Impairment Effects on Earnings Per Share [Line Items]
Cost	1,848,295	5,619,083
Unrealized Gain (Loss)
Fair Value	1,738,636	5,376,812
Cash and Cash Equivalents	$ 1,848,295	$ 5,619,083

SCHEDULE OF FAIR VALUE OF CONTI

SCHEDULE OF FAIR VALUE OF CONTINGENT CONSIDERATION (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Contingent Consideration Liability Current [Member]
Restructuring Cost and Reserve [Line Items]
Contingent Consideration at Purchase Date	$ 3,324,500	$ 3,324,500
Consideration Paid	(1,858,289)	(2,259,358)
Changes in Fair Value	1,264	4,055,649
Fair Value	1,467,475	5,120,791
Contingent Consideration	1,467,475	5,120,791
Contingent Consideration Liability Noncurrent [Member]
Restructuring Cost and Reserve [Line Items]
Contingent Consideration at Purchase Date	13,169,600	13,169,600
Consideration Paid	(4,355,037)	(2,050,000)
Changes in Fair Value	(7,400,867)	(6,614,600)
Fair Value	1,413,696	4,505,000
Contingent Consideration	1,413,696	4,505,000
Sector 5 Digital, LLC [Member] | Contingent Consideration Liability Current [Member]
Restructuring Cost and Reserve [Line Items]
Contingent Consideration at Purchase Date	2,060,300	2,060,300
Consideration Paid	(1,359,001)	(1,359,001)
Changes in Fair Value	(701,299)	1,207,501
Fair Value		1,908,800
Contingent Consideration		1,908,800
Sector 5 Digital, LLC [Member] | Contingent Consideration Liability Noncurrent [Member]
Restructuring Cost and Reserve [Line Items]
Contingent Consideration at Purchase Date	7,108,900	7,108,900
Consideration Paid	(2,857,143)	(2,050,000)
Changes in Fair Value	(4,251,757)	(3,807,200)
Fair Value		1,251,700
Contingent Consideration		1,251,700
Brightline Interactive, LLC [Member] | Contingent Consideration Liability Current [Member]
Restructuring Cost and Reserve [Line Items]
Contingent Consideration at Purchase Date	1,264,200	1,264,200
Consideration Paid
Changes in Fair Value	167,561	1,693,500
Fair Value	1,431,761	2,957,700
Contingent Consideration	1,431,761	2,957,700
Brightline Interactive, LLC [Member] | Contingent Consideration Liability Noncurrent [Member]
Restructuring Cost and Reserve [Line Items]
Contingent Consideration at Purchase Date		6,060,700
Consideration Paid
Changes in Fair Value		(2,807,400)
Fair Value		3,253,300
Contingent Consideration		3,253,300
XR Terra, LLC. [Member] | Contingent Consideration Liability Current [Member]
Restructuring Cost and Reserve [Line Items]
Contingent Consideration at Purchase Date
Consideration Paid	(499,288)	(331,786)
Changes in Fair Value	535,002	586,077
Fair Value	35,714	254,291
Contingent Consideration	35,714	254,291
Brightline Interactive LLC [Member] | Contingent Consideration Liability Noncurrent [Member]
Restructuring Cost and Reserve [Line Items]
Contingent Consideration at Purchase Date	6,060,700
Consideration Paid	(1,497,894)
Changes in Fair Value	(3,149,110)
Fair Value	1,413,696
Contingent Consideration	$ 1,413,696
AUGGD [Member] | Contingent Consideration Liability Current [Member]
Restructuring Cost and Reserve [Line Items]
Contingent Consideration at Purchase Date
Consideration Paid		(568,571)
Changes in Fair Value		568,571
Fair Value
Contingent Consideration

FINANCIAL INSTRUMENTS (Details

FINANCIAL INSTRUMENTS (Details Narrative)	1 Months Ended	6 Months Ended	12 Months Ended
	May 31, 2024 USD ($)	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Mar. 31, 2024 USD ($)	Jan. 31, 2024 USD ($)	Sep. 30, 2023 USD ($)	May 31, 2023 USD ($)
Contingent consideration payable in cash			$ 3,000,000
Cash discounted at risk-free interest rate		$ 3,000,000	3,000,000
Common stock value		18,158	18,158	$ 14,702
Sector 5 Digital, LLC [Member]
Company common stock			1,050,000
Fair value of contingent consideration		2,350,000	2,350,000	170,000
Common stock value				1,360,000
Escrowed cash		1,000,000	1,000,000	1,000,000				$ 2,000,000
Brightline Interactive, LLC [Member]
Fair value of contingent consideration		1,870,000	1,870,000	1,110,000
Common stock value					$ 810,000
Cash payment	$ 1,490,000
XR Terra, LLC. [Member]
Fair value of contingent consideration				590,000
Common stock value		$ 40,000	40,000			$ 170,000	$ 170,000
Noncash gain			0	80,000
XR Terra, LLC. [Member] | Minimum [Member]
Company common stock			0
XR Terra, LLC. [Member] | Maximum [Member]
Company common stock			750,000
AUGGD, LLC [Member] | Minimum [Member]
Company common stock			0
AUGGD, LLC [Member] | Maximum [Member]
Company common stock			$ 400,000
PulpoAR, LLC [Member]
Cash				500,000
Common stock value				$ 12,500,000
Measurement Input, Commodity Market Price [Member] | Sector 5 Digital, LLC [Member]
Share price | $ / shares		$ 7	$ 7
Business combination, contingent consideration, measurement input				3.56
Measurement Input, Commodity Market Price [Member] | Sector 5 Digital, LLC [Member] | Common Stock [Member] | Minimum [Member]
Company common stock		$ 0
Measurement Input, Commodity Market Price [Member] | Sector 5 Digital, LLC [Member] | Common Stock [Member] | Maximum [Member]
Company common stock		$ 10,000,000
Measurement Input, Commodity Market Price [Member] | Brightline Interactive, LLC [Member]
Share price | $ / shares		$ 7	$ 7
Business combination, contingent consideration, measurement input				3.56
Measurement Input, Commodity Market Price [Member] | Brightline Interactive, LLC [Member] | Common Stock [Member] | Minimum [Member]
Company common stock			$ 0
Measurement Input, Commodity Market Price [Member] | Brightline Interactive, LLC [Member] | Common Stock [Member] | Maximum [Member]
Company common stock			15,000,000
Cash		$ 7,500,000	$ 7,500,000
Measurement Input, Commodity Market Price [Member] | XR Terra, LLC. [Member]
Share price | $ / shares		$ 7	$ 7
Measurement Input, Commodity Market Price [Member] | AUGGD [Member]
Share price | $ / shares		$ 7	$ 7
Measurement Input, Commodity Market Price [Member] | AUGGD [Member] | Common Stock [Member] | Minimum [Member]
Company common stock				$ 0
Measurement Input, Commodity Market Price [Member] | AUGGD [Member] | Common Stock [Member] | Maximum [Member]
Company common stock				650,000
Measurement Input, Commodity Market Price [Member] | PulpoAR, LLC [Member] | Common Stock [Member] | Minimum [Member]
Company common stock				0
Measurement Input, Commodity Market Price [Member] | PulpoAR, LLC [Member] | Common Stock [Member] | Maximum [Member]
Company common stock				$ 13,000,000
Measurement Input, Price Volatility [Member] | Sector 5 Digital, LLC [Member]
Business combination, contingent consideration, measurement input				66.6
Measurement Input, Price Volatility [Member] | Brightline Interactive, LLC [Member]
Business combination, contingent consideration, measurement input				75.6
Measurement Input, Discount Rate [Member] | Sector 5 Digital, LLC [Member]
Business combination, contingent consideration, measurement input				15.7
Measurement Input, Discount Rate [Member] | Brightline Interactive, LLC [Member]
Business combination, contingent consideration, measurement input				16.4
Measurement Input, Risk Free Interest Rate [Member] | Sector 5 Digital, LLC [Member]
Business combination, contingent consideration, measurement input				5.1
Measurement Input, Risk Free Interest Rate [Member] | Brightline Interactive, LLC [Member]
Business combination, contingent consideration, measurement input				4.8

SCHEDULE OF RECONCILIATION OF C

SCHEDULE OF RECONCILIATION OF COST IN EXCESS OF BILLING FOR CONTRACT RECOGNIZED OVER TIME (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Contract assets includes, costs and estimated earnings in excess of billings on uncompleted contracts	$ 170,781	$ 158,552
Contract liabilities includes, billings in excess of costs and estimated earnings on uncompleted contracts	(72,788)	(466,393)
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Cost incurred on uncompleted contracts	106,035	78,771
Estimated earnings	105,689	226,096
Earned revenue	211,724	304,867
Less: billings to date	176,000	311,750
Billings in excess of costs, net	35,724	(6,883)
Contract assets includes, costs and estimated earnings in excess of billings on uncompleted contracts	35,724
Contract liabilities includes, billings in excess of costs and estimated earnings on uncompleted contracts		(6,883)
Billings in excess of costs, net	$ 35,724	$ (6,883)

DEFERRED COSTS_CONTRACT ASSET_3

DEFERRED COSTS/CONTRACT ASSETS AND DEFERRED REVENUE/CONTRACT LIABILITIES (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Contract assets	$ 170,781	$ 158,552
Contract with customer liabilities	72,788	466,393
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Contract assets	135,057	158,552
Contract with customer liabilities	72,788	459,510
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Contract assets	35,724
Contract with customer liabilities		$ 6,883

SCHEDULE OF WARRANTS OUTSTANDIN

SCHEDULE OF WARRANTS OUTSTANDING (Details)	Jun. 30, 2024 USD ($) $ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants Outstanding	$ 837,500
July 2021 IPO [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants Outstanding	$ 87,500
Exercise Price | $ / shares	$ 7
Expiration Date	June 2026
November 2021 SPA [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants Outstanding	$ 555,000
Exercise Price | $ / shares	$ 1.75
Expiration Date	November 2026
November 2021 SAP [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants Outstanding	$ 195,000
Exercise Price | $ / shares	$ 1.75
Expiration Date	May 2027

SCHEDULE OF STOCK OPTION FAIR V

SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTION (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Equity [Abstract]
Weighted average expected terms (in years)	5 years 1 month 6 days	6 years
Weighted average expected volatility	103.30%	88.80%
Weighted average risk-free interest rate	4.30%	3.90%
Expected dividend yield	0%	0%

SUMMARY OF STOCK OPTION ACTIVIT

SUMMARY OF STOCK OPTION ACTIVITY (Details) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 29, 2024	Jun. 30, 2024	Jun. 30, 2023
Equity [Abstract]
Options outstanding, beginning balance		6,128,381	4,484,616
Weighted average exercise price, outstanding, beginning balance		$ 4.84	$ 4.68
Weighted average remaining contractual term (Yrs), Outstanding Beginning		7 years	7 years
Intrinsic value, outstanding Beginning balance		$ 1,676,966	$ 2,404,249
Options, granted	21,000	1,380,662	2,155,909
Weighted average exercise price, options granted		$ 2.35	$ 5.63
Weighted average remaining contractual term (Yrs), options granted		8 years 3 months 18 days	9 years 7 months 6 days
Intrinsic value, options granted		$ 98,542
Options, exercised		(25,000)	(104,932)
Weighted average exercise price, options exercised		$ 2	$ 3.94
Weighted average remaining contractual term (Yrs), options exercised		2 years 4 months 24 days	6 years 1 month 6 days
Intrinsic value, options exercised			$ (99,505)
Options, Forfeited / Cancelled	(828,000)	(3,840,163)	(407,212)
Weighted average exercise price, options forfeited/Cancelled		$ 4.81	$ 7.39
Weighted average remaining contractual term (Yrs), options forfeited/Cancelled		6 years 6 months	8 years 6 months
Intrinsic value, options forfeited/Cancelled			$ (28,830)
Options outstanding, ending balance		3,643,880	6,128,381
Weighted average exercise price, outstanding, ending balance		$ 3.95	$ 4.84
Weighted average remaining contractual term (Yrs), Outstanding Ending		6 years 6 months	7 years
Intrinsic value, outstanding Ending balance			$ 1,676,966
Options exercisable, ending balance		1,973,499	3,741,523
Weighted average exercise price, exercisable, Ending balance		$ 4.06	$ 3.96
Weighted average remaining contractual term (Yrs), exercisable, Ending		5 years	5 years 7 months 6 days
Intrinsic value, exercisable Ending balance			$ 1,676,966

SCHEDULE OF STOCK OPTION BASED

SCHEDULE OF STOCK OPTION BASED EXPENSE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Total	$ 1,607,275	$ 3,293,945
Research and Development Expense [Member]
Total	731,638	1,717,955
General and Administrative Expense [Member]
Total	346,309	299,664
Selling and Marketing Expense [Member]
Total	349,377	833,817
Cost of Sales [Member]
Total		755
Board Option Expense [Member]
Total	$ 179,950	$ 441,754

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)			1 Months Ended				12 Months Ended
	Oct. 03, 2023	Sep. 28, 2023	Mar. 31, 2024	Feb. 29, 2024	Mar. 31, 2023	Feb. 28, 2023	Jun. 30, 2024	Jun. 30, 2023	Nov. 30, 2021	Nov. 29, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock value issued for acquisition								$ 2,846,144
Stock options exercised								$ 66,111
Options granted				21,000			1,380,662	2,155,909
Weighted average exercise price, options granted							$ 2.35	$ 5.63
Options vested						220,000
Number of shares cancelled				828,000			3,840,163	407,212
Number of shares vested				31,000
Number of shares non-vested granted				250,000
Options granted, fair value							$ 1,530,000	$ 6,400,000
Exercise price							$ 3.95	$ 4.84
Remaining term							7 years	7 years
Options outstanding, beginning balance							6,128,381	4,484,616
Weighted average exercise price, outstanding, beginning balance							$ 4.84	$ 4.68
Intrinsic value, outstanding Beginning balance							$ 1,676,966	$ 2,404,249
Weighted average remaining contractual term (Yrs), options granted							8 years 3 months 18 days	9 years 7 months 6 days
Intrinsic value, options granted							$ 98,542
Options, exercised							(25,000)	(104,932)
Weighted average exercise price, options exercised							$ 2	$ 3.94
Weighted average remaining contractual term (Yrs), options exercised							2 years 4 months 24 days	6 years 1 month 6 days
Intrinsic value, options exercised								$ 99,505
Options, Forfeited / Cancelled				(828,000)			(3,840,163)	(407,212)
Weighted average exercise price, options forfeited/Cancelled							$ 4.81	$ 7.39
Weighted average remaining contractual term (Yrs), options forfeited/Cancelled							6 years 6 months	8 years 6 months
Intrinsic value, options forfeited/Cancelled								$ 28,830
Options outstanding, ending balance							3,643,880	6,128,381
Weighted average exercise price, outstanding, ending balance							$ 3.95	$ 4.84
Weighted average remaining contractual term (Yrs), Outstanding Ending							6 years 6 months	7 years
Intrinsic value, outstanding Ending balance								$ 1,676,966
Options exercisable, ending balance							1,973,499	3,741,523
Weighted average exercise price, exercisable, Ending balance							$ 4.06	$ 3.96
Weighted average remaining contractual term (Yrs), exercisable, Ending							5 years	5 years 7 months 6 days
Intrinsic value, exercisable Ending balance								$ 1,676,966
Executive Target Options [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Options granted, fair value								$ 8,530,000
Employees [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Options granted			578,000
New Options [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Options granted			250,000
2016 Equity Incentive Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period shares							12,200,000
Shares available for issuance							5,400,000
Stock options intrinsic value per share							$ 1.02	$ 3.56
Unrecognized compensation expense to employees and vendors							$ 2,670,000
Share-Based Payment Arrangement, Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrant exercised							9,000	42,000
Stock options exercised							$ 0	$ 70,000
Target Options [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Options granted							2,100,000	2,100,000
Exercise price							$ 7	$ 7
Remaining term							8 years 7 months 6 days	9 years 8 months 12 days
Weighted average exercise price, outstanding, beginning balance							$ 7
Weighted average exercise price, outstanding, ending balance							$ 7	$ 7
Target Options [Member] | 2016 Equity Incentive Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares available for issuance							2,100,000
Unrecognized compensation expense to employees and vendors							$ 8,530,000
Weighted average period							2 years 21 days
Employees [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of common stock for services, shares							399,000	155,000
Share-based compensation							$ 580,000	$ 640,000
Board of Directors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share-based compensation							$ 110,000
Stock issued during period, shares, new issues							75,000
Vendors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of common stock for services, shares							44,000	2,000
Share-based compensation							$ 100,000	$ 10,000
Executive Officer [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Options granted						2,320,000
Weighted average exercise price, options granted						$ 7
AUGGD [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock value issued for acquisition					$ 750,000
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, shares, new issues								714,286
Common stock value issued for acquisition								$ 714
Number of common stock for services, shares							1,885,715
Options, exercised							(8,819)	(42,341)
Common Stock [Member] | Board of Directors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of common stock for services, shares							258,000
Share-based compensation							$ 370,000
Number of shares vested							443,000
Common Stock [Member] | Sector 5 Digital, LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, shares, new issues							714,000	577,000
Common stock value issued for acquisition							$ 810,000	$ 2,410,000
Common Stock [Member] | XR Terra, LLC. [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, shares, new issues							71,000	107,000
Common stock value issued for acquisition							$ 170,000
Common Stock [Member] | AUGGD [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock value issued for acquisition								$ 320,000
Contingent acquisition obligation								570,000
Repayment of secured debt								$ 250,000
Common Stock [Member] | Brightline Interactive, LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, shares, new issues								714,000
Common stock value issued for acquisition								$ 2,850,000
Common Stock [Member] | InciteVR [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, shares, new issues								71,000
Common stock value issued for acquisition								$ 330,000
Common Stock [Member] | PulpoAR, LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, shares, new issues								214,000
Common stock value issued for acquisition								$ 730,000
XR Terra [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock issued during period, shares, new issues								71,000
Common stock value issued for acquisition								$ 330,000
Securities Purchase Agreement [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reprice per share									$ 1.75	$ 14.63
Securities Purchase Agreement [Member] | Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants tp purchase common stock, shares	750,000
Number of warrant exercised							0
Investor [Member] | Securities Purchase Agreement [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of stock, shares		1,885,715
Sale of stock		$ 3,300,000
Sale of stock, per share		$ 1.75
Net proceeds	$ 2,970,000

SCHEDULE OF COMPUTATION OF BASI

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net loss	$ (6,394,295)	$ (28,563,283)
Weighted-average common shares outstanding for basic net loss per share	16,681,234	13,929,135
Weighted-average common shares outstanding for diluted net loss per share	16,681,234	13,929,135
Basic net loss per share	$ (0.38)	$ (2.05)
Diluted net loss per share	$ (0.38)	$ (2.05)

SCHEDULE OF ANTI_DILUTIVE POTEN

SCHEDULE OF ANTI_DILUTIVE POTENTIALLY DILUTIVE SECURITIES (Details) - shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	7,421,472	7,261,773
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	6,583,972	6,424,273
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	837,500	837,500

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options	7,421,472	7,261,773
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options	6,583,972	6,424,273
Share-Based Payment Arrangement, Option [Member] | Target Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options	2,100,000	2,100,000

SCHEDULE OF LOSS BEFORE PROVISI

SCHEDULE OF LOSS BEFORE PROVISION FOR INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Loss subject to domestic income taxes	$ (4,195,185)	$ (25,743,631)
Loss subject to foreign income taxes	(2,199,110)	(2,819,652)
Total loss	$ (6,394,295)	$ (28,563,283)

SCHEDULE OF PROVISION FOR FOREI

SCHEDULE OF PROVISION FOR FOREIGN INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Current	$ 38,588	$ 0
Deferred	(38,588)	0
Total provision for income taxes	$ 0	$ 0

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION STATUTORY RATE (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Statutory Federal income tax rate	(21.00%)	(21.00%)
State and Local taxes, net of Federal tax benefit	(10.15%)	(10.15%)
Stock based compensation expense (ISO)	3.46%	3.21%
Foreign tax rate differential	(4.00%)	(4.00%)
GAAP to Statutory	13.76%	(0.00%)
Change in valuation allowance	17.93%	31.94%
Income Taxes Provision	0%	0%

SCHEDULE OF COMPONENTS OF DEFER

SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Net-operating loss carryforward	$ 9,347,624	$ 9,243,620
Goodwill and intangible asset impairment	2,949,790	2,399,309
Stock based compensation	306,274	368,831
Other	1,610,589	1,025,503
Total Deferred Tax Assets	14,214,277	13,037,263
Valuation allowance	(14,175,689)	(13,037,263)
Deferred Tax Asset, Net	$ 38,588

SCHEDULE OF UNRECOGNIZED TAX BE

SCHEDULE OF UNRECOGNIZED TAX BENEFITS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Unrecognized tax benefit -beginning of year	$ 0	$ 0
Gross increases – prior year tax positions	0	0
Gross decreases – prior year tax positions	0	0
Gross increases – current year tax positions	38,588	0
Gross decreases – current year tax positions	0	0
Statute lapse	0	0
Unrecognized tax benefit – end of year	$ 38,588	$ 0

PROVISION FOR INCOME TAXES (Det

PROVISION FOR INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2019	Jun. 30, 2018
Effective Income Tax Rate Reconciliation [Line Items]
Current income tax provision	$ 0	$ 0
Deferred income tax provision	0	0
Operating loss carry forwards	$ 85,050,000				$ 2,880,000
Operating loss carry forwards expiration date	Federal 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				$ 35,560,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 1,140,000	9,430,000
Unrecognized tax benefit	38,588	$ 0	$ 0
State and Local Jurisdiction [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Operating loss carry forwards	24,190,000
State and Local Tax Jurisdiction, Other [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Operating loss carry forwards	$ 22,420,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - Augmented Reality Investments Pty Ltd [Member] - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2024
Related Party Transaction [Line Items]
Repayment of secured debt	$ 250
Interest rate		1%

SCHEDULE OF UNDISCOUNTED LEASE

SCHEDULE OF UNDISCOUNTED LEASE PAYMENTS (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
2025	$ 400,000
2026	192,000
Total future minimum lease commitments, including short-term leases	592,000
Less: future minimum lease payments of short -term leases	(15,000)
Less: imputed interest	(33,000)
Present value of future minimum lease payments, excluding short term leases	544,000
Current portion of operating lease liabilities	364,688	$ 405,948
Non-current portion of operating lease liabilities	178,824	$ 423,454
Total operating lease liability	$ 544,000

SCHEDULE OF CONTINGENT CONSIDER

SCHEDULE OF CONTINGENT CONSIDERATION FOR ACQUISITIONS (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Asset Acquisition [Line Items]
Subtotal current portion	$ 1,467,475	$ 5,120,791
Contingent consideration for acquisitions, net of current portion	1,413,696	4,505,000
Total contingent consideration for acquisitions	2,881,171	9,625,791
Sector 5 Digital, LLC [Member]
Asset Acquisition [Line Items]
Subtotal current portion		1,908,800
Contingent consideration for acquisitions, net of current portion		1,251,700
Brightline Interactive, LLC [Member]
Asset Acquisition [Line Items]
Subtotal current portion	1,431,761	2,957,700
Contingent consideration for acquisitions, net of current portion	1,413,696	3,253,300
XR Terra, LLC. [Member]
Asset Acquisition [Line Items]
Subtotal current portion	$ 35,714	$ 254,291

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 29, 2024	Jun. 30, 2024	Jun. 30, 2023
Payments for rent		$ 580,000	$ 600,000
Weighted average remaining lease term		1 year 1 month 17 days
Weighted average discount rate		8.43%
Operating lease rent expense		$ 460,000	540,000
Fair value of bonus		$ 0	$ 550,000
Common Stock [Member]
Fair value of bonus	$ 360,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	Sep. 03, 2024 $ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock price per share	$ 1