Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net loss $ (7,184,607) $ (4,090,054)
Adjustment to reconcile net loss to net cash used in operating activities    
Bad debt expense 724,350 101,446
Stock-based compensation expense 492,650
Changes in operating assets and liabilities    
Accounts receivable (1,221,011) (240,351)
Prepaid expenses and other current assets (531,243) (72,063)
Accounts payable 352,439 603,652
Accrued liabilities 63,798 336,758
Deferred revenue 220,167 (128,577)
Net cash used in operating activities (7,083,457) (3,489,189)
Cash flows from investing activities    
Investment acquired in Zol Solutions (250,000)
Net cash used in investing activities (250,000)
Cash flows from financing activities    
Cash received in connection with exercise of warrants 4,247,065
Cash received in connection with issuance of shares 10,000,000
Net cash provided by financing activities 4,247,065 10,000,000
Net change in cash and restricted cash (3,086,392) 6,510,811
Cash and restricted cash - beginning of period 22,367,289 2,572,401
Cash and restricted cash - end of period 19,280,897 9,083,212
Cash paid for taxes
Cash paid for interest $ 2,355 $ 987
Supplemental disclosure of non-cash investing and financing activity:    
Forfeiture of Restricted Shares included in outstanding common stock (3)