Liquidity and Going Concern (Details Narrative) - USD ($) |
9 Months Ended | ||
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May 11, 2021 |
Mar. 31, 2021 |
Jun. 30, 2020 |
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Accumulated deficit | $ (9,532,345) | $ (183,137) | |
Cash and cash equivalents | 3,307,083 | $ 3,024,980 | |
IPO [Member] | |||
Stock issued during period new issues | 3,000,000 | ||
Share price | $ 7.00 | ||
Proceeds from common stock | $ 21,000,000 | ||
Series A Convertible Preferred Stock [Member] | |||
Proceeds from convertible preferred stock | $ 3,200,000 |
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from issuance of preferred stocks identified as being convertible into another form of financial instrument, typically the entity's common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
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- Definition Number of new stock issued during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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