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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Net revenue        
Net revenue $ 8,298,771 $ 8,793,688 $ 26,002,524 $ 27,963,824
Cost of revenue 2,194,762 2,065,422 6,449,457 7,132,249
Gross profit 6,104,009 6,728,266 19,553,067 20,831,575
Operating expense        
Salaries and compensation 2,354,903 1,969,998 7,530,000 6,677,378
General and administrative expense 1,750,148 1,651,057 5,268,952 4,973,337
Fund operations 1,080,834 1,171,282 3,333,666 3,375,135
Marketing and advertising 612,333 755,403 1,936,504 2,160,180
Depreciation and amortization 139,656 136,909 436,685 424,727
Legal settlement 0 0 0 2,500,000
Total operating expenses 5,937,874 5,684,649 18,505,807 20,110,757
Income from operations 166,135 1,043,617 1,047,260 720,818
Other income (expense):        
Interest and dividend income 58,690 5,546 173,875 19,030
Interest expense (4,887) (9,856) (16,315) (30,142)
Other income (expense) (96,390) 251,767 (67,644) 46,398
Total other income (expense), net (42,587) 247,457 89,916 35,286
Income before income taxes 123,548 1,291,074 1,137,176 756,104
Benefit (provision) of income taxes 29,746 (420,940) (304,920) (743,628)
Net income $ 153,294 $ 870,134 $ 832,256 $ 12,476
Weighted average shares of common stock        
Basic (in shares) 40,370,659 38,831,576 40,370,659 38,561,536
Diluted (in shares) 40,438,348 38,831,576 40,401,952 38,561,536
Net income per common share        
Basic (in dollars per share) $ 0.00 $ 0.02 $ 0.02 $ 0.00
Diluted (in dollars per share) $ 0.00 $ 0.02 $ 0.02 $ 0.00
Related Party [Member]        
Net revenue        
Revenue $ 5,022,398 $ 5,868,558 $ 15,708,004 $ 17,226,969
Related Party [Member] | Beauty Products [Member]        
Net revenue        
Revenue 745,468 702,779 2,334,009 2,716,702
Nonrelated Party [Member] | Food and Beverage [Member]        
Net revenue        
Revenue 1,824,789 1,667,345 5,701,714 6,131,791
Nonrelated Party [Member] | Security Alarm Monitoring [Member]        
Net revenue        
Revenue 576,248 555,006 1,870,986 1,888,362
Nonrelated Party [Member] | Financial Service [Member]        
Net revenue        
Revenue $ 129,868 $ 0 $ 387,811 $ 0