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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]        
Revenues, net $ 1,285,300 $ 404,843 $ 3,689,906 $ 2,851,822
Cost of goods sold 495,217 229,818 1,344,029 1,502,247
Gross profit 790,083 175,025 2,345,877 1,349,575
Selling, general and administrative expenses 602,717 300,188 1,899,601 1,446,038
Advertising and promotion expense 336,824 99,481 1,395,938 378,068
Marketing and research expense 53,805 48,324 126,210 364,580
Professional expense 258,880 137,399 759,630 756,444
Salaries and wages 455,864 174,634 1,396,026 368,616
Stock compensation expense 463,750 16,250 587,750 82,250
Total operating expenses 2,171,840 776,276 6,165,155 3,395,996
Loss from operations (1,381,757) (601,251) (3,819,278) (2,046,421)
Non-operating income (expense):        
Other income 16,643 1,957 19,535 5,099
Gain in loss of control of VIE 313,928
Interest expense (280,737) (725,688) (1,531,965) (1,920,660)
Bad debts (235) (256) (242) (133,235)
Change in fair value of derivative liabilities (2,788,496) (3,485,549) (2,853,569) 506,559
Warrant income (expense) 2,116 (14,694) 16,753 55,695
Loss on settlement (80,000)
Loss on asset disposal (4,767) (4,795)
Amortization of debt discount (125,812) (759,219) (282,463) (2,605,144)
Amortization of intangible assets (492,937) (494,954)
Other expenses (1,459) (55,054)
Unrealized gain on securities (12,153) (870,132)
Total non-operating expenses, net (3,686,378) (4,984,908) (6,001,832) (3,912,812)
Equity method investment loss (8,330) (69,077) (2,114)
Net loss (5,076,465) (5,586,159) (9,890,187) (5,961,347)
Less: net loss attributable to the non-controlling interest (147,548) (48,756) (509,067) (48,756)
Net loss attributable to SugarMade Inc. $ (4,928,917) $ (5,537,403) $ (9,381,120) $ (5,912,591)
Basic net loss per share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Diluted net loss per share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Basic and diluted weighted average common shares outstanding [1] 9,200,365,590 4,121,621,837 8,855,737,902 3,247,070,176
[1] Shares issuable upon conversion of convertible debt and exercising of warrants were excluded in calculating diluted loss per share.