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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Consolidated Statements Of Operations    
Revenues, net $ 2,146,326 $ 753,974
Cost of goods sold 1,028,815 492,168
Gross profit 1,117,512 261,806
Operating expenses:    
Selling, general and administrative expenses 602,805 335,830
Advertising and Promotion Expense 277,806 41,356
Marketing and Research Expense 222,348 4,971
Professional Expense 503,430 680,096
Salaries and Wages 362,524 129,376
Stock Compensation Expense 18,750 12,000
Total selling, general and administrative expenses 1,987,763 1,203,629
Loss from operations (870,251) (941,823)
Non-operating income (expense):    
Other income 1,231
Interest expense (466,774) (584,604)
Bad Debt (3,517)
Change in fair value of derivative liabilities 3,495,147 1,022,878
Warrant Expense 66,216 (55,278)
Loss on debt settlement (75,000) (149,859)
Loss on asset disposal 7,000
Amortization of debt discount (814,545) (1,155,000)
Gain on debt forgiveness (172,096)
Other expenses (51,299)
Total non-operating income (expenses), net 2,150,227 (1,085,728)
Net income (loss) 1,279,977 (2,027,551)
Less: net loss attributable to the noncontrolling interest 1,165
Net income (loss) attributable to Sugarmade, Inc. $ 1,278,812 $ (2,027,551)
Basic net income (loss) per share $ 0.00 $ 0.00
Diluted net income (loss) per share $ 0.00 $ 0.00
Basic and diluted weighted average common shares outstanding [1] 2,422,975,968 777,839,270
[1] Shares issuable upon conversion of convertible debts and exercising of warrants were excluded in calculating diluted loss per share