Annual report pursuant to Section 13 and 15(d)

Balance Sheet Disclosures

v3.19.2
Balance Sheet Disclosures
 12 Months Ended
Jun. 30, 2019
Balance Sheet Disclosures [Abstract]  
Balance Sheet Disclosures

Note 3 - Balance Sheet Disclosures

 

Prepaid expenses consist of the following:

 

    June 30,     June 30,  
    2019     2018  
Software and technology   $ 237,930     $ 115,516  
Professional services     169,804       47,626  
Insurance     159,940       18,096  
Deposit     10,000       10,000  
    $ 577,674     $ 191,238  

 

Accrued liabilities consist of the following:

 

    June 30,     June 30,  
    2019     2018  
Professional fees   $ 49,205     $ 24,404  
Sales taxes     36,358       66,347  
Compensation     354,724       251,393  
Leaf Data Systems contractors     19,557       -  
Other     40,706       31,690  
                 
    $ 500,550     $ 373,834  

 

The accrued compensation as of June 30, 2018 includes $122,000 of accrued bonus earned by the Company’s Chief Executive Officer and a member of the Company’s Board of Managers during the year ended June 30, 2018 and such bonus is calculated based on the Company’s operational results. The accrued compensation as of June 30, 2019, includes approximately $215,000 of accrued bonus earned by the Company’s Chief Executive Officer.