Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.20.4
Subsequent Events
6 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events
17. Subsequent Events On February 22, 2021 the Company entered into a convertible promissory note and security purchase agreement dated and funded February 22, 2021, in the amount of $205,700. The lender was Eagle Equities, LLC.
       
   

Between the dates of January 1, 2021 and February 22, 2021, noteholder Eagle Equities converted a total of $338,147 of principal and interest from outstanding notes to Company stock. The average conversion price in these transactions was $.062. 5,462,951  shares were issued to the noteholder in these transactions which reduced the principal amount of convertible debt balance by $300,000. 

   

    ●  During January of 2021, the Company issued 205,000 shares to vendors in exchange for services.
       
    In January of 2021, the Company issued a total of 760,000 Warrants. 360,000 warrants with a strike price of $.01 were issued to a 3rd Party licensed and registered Investment Banker who is working with Management to help with restructuring of cap table and balance sheet, and sourcing non-debt capital. 400,000 warrants with a strike price of $.30 were issued to Mr. Sean Folkson, Nightfood CEO, in conjunction with Folkson's agreement to lock-up 100% of his shares in the Company through February 4, 2022.