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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]            
Revenues, net $ 1,235,825 $ 300,652 $ 2,404,606 $ 2,446,979 $ 3,979,049 $ 4,362,585
Cost of goods sold 461,873 242,531 848,812 1,272,429 2,153,311 2,851,940
Gross profit 773,952 58,121 1,555,794 1,174,550 1,825,738 1,510,645
Selling, general and administrative expenses 683,745 271,549 1,296,884 875,358 1,824,757 1,734,830
Advertising and promotion expense 545,647 682 1,059,114 278,587 844,890 430,141
Marketing and research expense 36,992 93,908 72,405 316,256 431,913 514,394
Professional expense 190,249 115,615 500,750 619,045 1,438,341 1,128,896
Salaries and wages 479,738 105,700 940,162 464,474 709,041 572,683
Stock compensation expense 22,500 47,250 124,000 66,000 518,393 9,255,277
Total operating expenses 1,958,871 634,704 3,993,315 2,619,720 5,767,335 13,636,221
Loss from operations (1,184,919) (576,583) (2,437,521) (1,445,170) (3,941,597) (12,125,576)
Non-operating income (expense):            
Other (expense) income 7,886 2,280 2,892 (50,453) 12,637 3,064
Gain in loss of control of VIE 313,928 313,928 313,928
Interest expense (1,093,317) (728,197) (1,251,228) (1,194,972) (1,700,420) (1,613,044)
Bad debts (7) (130,467) (7) (132,979) (522,352) (240,157)
Change in fair value of derivative liabilities (390,306) 496,961 (65,073) 3,992,108 1,087,485 (1,442,295)
Warrant Expense 6,347 4,174 14,637 70,389 58,868 (119,526)
Loss on impairment         (43,800) (2,066,958)
Loss on settlement (5,000) (80,000) (106,051) (393,135)
Inventory loss         (3,742)
Gain (Loss) on asset disposal (28) (119,044)
Amortization of debt discount (24,071) (1,031,379) (156,651) (1,845,925) (2,617,274) (3,823,500)
Amortization of intangible assets (483) (2,017) (2,206) (1,400)
Debt forgiveness         96,595 590,226
Gain on debt conversion         (184,626)
Loss on deposits         (119,000)
Unrealized gain on securities (215,862) (857,979) 1,451,922
Total non-operating expenses, net (1,709,814) (1,077,700) (2,315,454) 1,072,096 (2,091,204) (9,408,995)
Equity Method Investment Loss (16,270) (2,114) (60,747) (2,114) (81,725)
Net loss (2,911,002) (1,656,397) (4,813,722) (375,188) (6,114,526) (21,534,571)
Less: net loss attributable to the noncontrolling interest (54,168) (361,519) (188,392) (195,416)
Net loss attributable to SugarMade Inc. $ (2,856,834) $ (1,656,397) $ (4,452,203) $ (375,188) $ (5,926,134) $ (21,339,155)
Basic net income (loss) per share $ (0.00) $ (0.00) $ (0.00) $ (0.00) $ (0.00) $ (0.02)
Diluted net income (loss) per share $ (0.00) $ (0.00) $ (0.00) $ (0.00) $ (0.00) $ (0.02)
Basic and diluted weighted average common shares outstanding * 8,728,862,892 [1] 3,233,135,446 [1] 8,509,797,777 [1] 2,864,951,348 [1] 3,851,836,959 [2] 939,171,416 [2]
[1] Shares issuable upon conversion of convertible debts and exercising of warrants were excluded in calculating diluted loss per share.
[2] Shares issuable upon conversion of convertible debts and exercising of warrants were excluded in calculating diluted loss per share