Discontinued Operations - Sale of Infusionz to Bloomios (Table)

6 Months Ended

Dec. 31, 2022

Discontinued Operations - Sale of Infusionz to Bloomios

Schedule Of Sale of Infusionz to Bloomios

Tangible assets, inventory / working capital*	$	(1,344,000	)
Tangible assets, warehouse and manufacturing equipment, net of accumulated depreciation*		(679,327	)
Goodwill		(2,413,814	)
Intangible assets, net of accumulated amortization		(946,996	)
Accrued and incurred expenses related to the transaction and additional working capital*		(2,051,500	)
Consideration received, including cash, debt and equity, net		15,000,000
Total gain recognized	$	7,564,363

Schedule Of Discontinued Operations

	Three Months Ended December 31,
	2022			2021
Discontinued Operations
Revenue	$	419,252		$	9,565,802
Cost of sales		244,829			5,836,328
Sales, general and administrative expenses		397,942			751,028
Depreciation and amortization		69,388			158,255
Income (loss) from discontinued operations		(292,907	)		2,280,190
Accounts receivable net of allowance for doubtful accounts		-			791,085
Fixed assets, net of accumulated depreciation		-			674,389
Total assets		-			8,108,542
Total liabilities	$	-		$	1,322,253

	Six Months Ended December 31,
	2022			2021
Discontinued Operations
Revenue	$	3,042,878		$	14,145,466
Cost of sales		1,803,643			7,524,668
Sales, general and administrative expenses		1,300,102			2,280,659
Depreciation and amortization		277,551			372,456
Income (loss) from discontinued operations		(338,418	)		3,967,622
Accounts receivable net of allowance for doubtful accounts		-			791,085
Fixed assets, net of accumulated depreciation		-			674,389
Total assets		-			8,108,542
Total liabilities	$	-		$	1,322,253

Schedule Of Investments - Bloomios

Senior secured convertible debenture	$	4,500,000
Series D convertible preferred stock		8,500,000
Convertible Secured Subordinate Promissory Note		5,000,000
Excess working capital		388,556
Senior secured convertible debenture - OID		192,690
Reserve on Investments - Bloomios		(8,500,000	)
Total Investments - Bloomios	$	10,081,246