Credit Facilities	12 Months Ended
Jun. 30, 2017
Credit Facilities
Credit Facilities	6 CREDIT FACILITIES Line of Credit The Company has assumed an outstanding liability related to a bank line of credit agreement from the acquisition of Indaba Group LLC. As of June 30, 2017 and 2016, the balances were zero and $83,540, respectively. Secured Borrowing On November 30, 2016, the Company entered into a 12 month agreement with a third party to sell the rights to amounts due from our customers, in exchange for a borrowing facility in amounts up to a total of $400,000. The agreement was amended on March 23, 2017, which increased the allowable borrowing amount by $100,000, to a maximum of $500,000. The proceeds from the facility are determined by the amounts we invoice our customers. The Company evaluated this facility in accordance with ASC 860, classifying it as a secured borrowing arrangement. As such, we record the amounts due from customers in accounts receivable and the amount due to the third party as a liability, presented as a “line of credit” on the Balance Sheet. The principal borrowed through this facility is secured by the accounts receivable balances, in addition to the other assets of the Company. During the term of this facility, the third party lender has a first priority security interest in the Company, and will, therefore, we will require such third party lender’s written consent to obligate the Company further or pledge our assets against additional borrowing facilities. Because of this position, it may be difficult for the Company to secure additional secured borrowing facilities. The cost of this secured borrowing facility is 0.05% of the daily balance. During the year ended June 30, 2017, the Company included $33,733 in interest expense, related to the secured borrowing facility, and as of June 30, 2017, the outstanding balance was $205,368.

Credit Facilities

12 Months Ended

Jun. 30, 2017

6 CREDIT FACILITIES

Line of Credit

The Company has assumed an outstanding liability related to a bank line of credit agreement from the acquisition of Indaba Group LLC. As of June 30, 2017 and 2016, the balances were zero and $83,540, respectively.

Secured Borrowing

On November 30, 2016, the Company entered into a 12 month agreement with a third party to sell the rights to amounts due from our customers, in exchange for a borrowing facility in amounts up to a total of $400,000. The agreement was amended on March 23, 2017, which increased the allowable borrowing amount by $100,000, to a maximum of $500,000. The proceeds from the facility are determined by the amounts we invoice our customers. The Company evaluated this facility in accordance with ASC 860, classifying it as a secured borrowing arrangement. As such, we record the amounts due from customers in accounts receivable and the amount due to the third party as a liability, presented as a “line of credit” on the Balance Sheet. The principal borrowed through this facility is secured by the accounts receivable balances, in addition to the other assets of the Company. During the term of this facility, the third party lender has a first priority security interest in the Company, and will, therefore, we will require such third party lender’s written consent to obligate the Company further or pledge our assets against additional borrowing facilities. Because of this position, it may be difficult for the Company to secure additional secured borrowing facilities. The cost of this secured borrowing facility is 0.05% of the daily balance. During the year ended June 30, 2017, the Company included $33,733 in interest expense, related to the secured borrowing facility, and as of June 30, 2017, the outstanding balance was $205,368.