General form of registration statement for all companies including face-amount certificate companies

Balance Sheet Disclosures

v3.20.2
Balance Sheet Disclosures
 12 Months Ended
Jun. 30, 2020
Balance Sheet Disclosures [Abstract]  
Balance Sheet Disclosures

Note 4 - Balance Sheet Disclosures

 

Prepaid expenses and other current assets as of June 30, 2020 and 2019 consisted of the following:

 

    2020     2019  
Software and technology   $ 571,695     $ 237,930  
Professional services, dues, and subscriptions     473,731       169,804  
Insurance     105,814       159,940  
Rental deposit     38,303       10,000  
Other     25,798       —  
Total Prepaid Expenses and Other Current Assets   $ 1,215,341     $ 577,674  

 

Accounts payable and accrued liabilities as of June 30, 2020 and 2019 consisted of the following:

 

    2020     2019  
Accounts payable   $ 1,443,895     $ 1,317,566  
Professional fees     2,273,659       49,205  
Sales taxes     59,825       36,358  
Compensation     260,042       354,724  
Contractors     782,366       19,557  
Other     42,141       40,706  
Total accounts payable and accrued liabilities   $ 4,861,928     $ 1,818,116  

 

The accrued compensation includes accrued executive bonuses of $128,000 and $215,000 as of June 30, 2020, and 2019, respectively.