Quarterly report pursuant to Section 13 or 15(d)

Significant Transactions (Tables)

v3.22.4
Significant Transactions (Tables)
6 Months Ended
Dec. 31, 2022
Stock Purchase Agreement [Member]  
Summary of Purchase Price Allocation of Asset Acquisition

The Company accounted for the agreements as an asset purchase and allocated the purchase price of $7,500,000 as follows:

Preferred stock

$

1,760,000

Intangible assets

4,300,000

Prepaid expenses

1,440,000

$

7,500,000

Asset Purchase Agreement [Member]  
Summary of Purchase Price Allocation of Asset Acquisition

The Company accounted for the agreements as an asset purchase and allocated the purchase price of approximately $1,342,000 as follows:

Intangible assets

$

1,228,000

Fixed assets

114,000

$

1,342,000