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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Consolidated Statements Of Operations    
Revenues, net $ 4,362,585 $ 4,367,644
Cost of goods sold 2,851,940 3,368,659
Gross profit 1,510,645 1,268,985
Operating expenses:    
Selling, general and administrative expenses 1,734,830 1,627,713
Advertising and Promotion Expense 430,141 203,213
Marketing and Research Expense 514,394 44,883
Professional Expense 1,128,896 848,158
Salaries and Wages 572,683 337,609
Stock Compensation Expense 9,255,277 3,122,486
Total Selling, General and Administrative Expenses 13,636,221 6,184,062
Loss from operations (12,125,567) (4,915,077)
Non-operating income (expense):    
Interest expense (1,613,044) (1,418,754)
Warrant Expense (119,526) 15,742
Change in fair value of derivative liabilities (1,442,295) (4,191,727)
Amortization of debt discount (3,823,500) (1,026,324)
Bad Debt (240,157)
Gain on debt forgiveness 590,226 (298,510)
Other income 3,064 34,473
Gain on debt conversion (184,626) 8,763
Loss on debt settlement (393,135) (295,963)
Loss on Impairment (2,066,958)
Loss on asset disposal (119,044) (5,242)
Total non-operating income (expense) (9,408,994) (7,314,073)
Net income (loss) (21,534,562) (12,229,151)
Less: net loss attributable to the noncontrolling interest (195,416)
Net loss attributable to SugarMade Inc. $ (21,339,146) $ (12,229,151)
Basic net income (loss) per share $ (0.02) $ (0.02)
Diluted net income (loss) per share $ (0.02) $ (0.02)
Basic and diluted weighted average common shares outstanding [1] 939,171,416 496,507,241
[1] Shares issuable upon conversion of convertible debts and exercising of warrants were excluded in calculating diluted loss per share.