$VRTC
VERITEC INC Stock $vrtc

$vrtc Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-Q Financial Statement

#000160706223000092 Filed on February 14, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2021 Q4
Revenue	$87.00K	$107.0K	$81.00K
YoY Change	-3.33%	32.1%	-39.1%
Cost Of Revenue	$72.00K	$48.00K	$48.00K
YoY Change	38.46%	0.0%	-12.73%
Gross Profit	$15.00K	$59.00K	$33.00K
YoY Change	-60.53%	78.79%	-57.69%
Gross Profit Margin	17.24%	55.14%	40.74%
Selling, General & Admin	$236.0K	$209.0K	$165.0K
YoY Change	49.37%	26.67%	-14.06%
% of Gross Profit	1573.33%	354.24%	500.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$236.0K	$209.0K	$165.0K
YoY Change	49.37%	26.67%	-14.06%
Operating Profit	-$221.0K	-$150.0K	-$132.0K
YoY Change	84.17%	13.64%	15.79%
Interest Expense	$125.0K	$122.0K	-$109.0K
YoY Change	-209.65%	-211.93%	10.1%
% of Operating Profit
Other Income/Expense, Net	-$125.0K	-$122.0K	$9.000K
YoY Change	9.65%	-1455.56%
Pretax Income	-$346.0K	-$272.0K	-$123.0K
YoY Change	47.86%	121.14%	-42.25%
Income Tax
% Of Pretax Income
Net Earnings	-$346.0K	-$272.0K	-$123.0K
YoY Change	47.86%	121.14%	-42.25%
Net Earnings / Revenue	-397.7%	-254.21%	-151.85%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.01	-$0.01	-$3.075K
COMMON SHARES
Basic Shares Outstanding	39.99M shares	39.99M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q1	2022 Q4	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$128.0K	$183.0K	$179.0K
YoY Change	-32.28%	2.23%	-5.29%
Cash & Equivalents	$128.0K	$183.0K
Short-Term Investments
Other Short-Term Assets	$4.000K	$6.000K	$6.000K
YoY Change	0.0%	0.0%	20.0%
Inventory
Prepaid Expenses	$4.000K	$6.000K
Receivables	$7.000K	$7.000K	$8.000K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$139.0K	$196.0K	$193.0K
YoY Change	-30.5%	1.55%	-4.46%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$0.00	$0.00	$0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets	$139.0K	$196.0K	$193.0K
Total Long-Term Assets	$0.00	$0.00	$0.00
Total Assets	$139.0K	$196.0K	$193.0K
YoY Change	-30.5%	1.55%	-4.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$300.0K	$288.0K	$777.0K
YoY Change	-60.73%	-62.93%	-3.72%
Accrued Expenses	$72.00K	$58.00K	$60.00K
YoY Change	7.46%	-3.33%	5.26%
Deferred Revenue	$54.00K	$26.00K
YoY Change
Short-Term Debt	$7.625M	$7.379M	$6.430M
YoY Change	13.69%	14.76%	16.49%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$8.203M	$7.903M	$7.323M
YoY Change	8.45%	7.92%	13.82%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$301.0K	$312.0K	$155.0K
YoY Change	94.19%	101.29%	0.0%
Total Long-Term Liabilities	$301.0K	$312.0K	$155.0K
YoY Change	94.19%	101.29%	0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$8.203M	$7.903M	$7.323M
Total Long-Term Liabilities	$301.0K	$312.0K	$155.0K
Total Liabilities	$8.504M	$8.215M	$7.478M
YoY Change	10.17%	9.86%	13.49%
SHAREHOLDERS EQUITY
Retained Earnings	-$26.92M	-$26.58M
YoY Change
Common Stock	$400.0K	$400.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$8.365M	-$8.019M	-$7.285M
YoY Change
Total Liabilities & Shareholders Equity	$139.0K	$196.0K	$193.0K
YoY Change	-30.5%	1.55%	-4.46%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2021 Q4
OPERATING ACTIVITIES
Net Income	-$346.0K	-$272.0K	-$123.0K
YoY Change	47.86%	121.14%	-42.25%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$176.0K	-$19.00K	-$177.0K
YoY Change	14.29%	-89.27%	56.64%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	121.0K	50.00K	92.00K
YoY Change	-26.22%	-45.65%	-53.3%
NET CHANGE
Cash From Operating Activities	-176.0K	-19.00K	-177.0K
Cash From Investing Activities
Cash From Financing Activities	121.0K	50.00K	92.00K
Net Change In Cash	-55.00K	31.00K	-85.00K
YoY Change	-650.0%	-136.47%	-201.19%
FREE CASH FLOW
Cash From Operating Activities	-$176.0K	-$19.00K	-$177.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Entity Central Index Key EntityCentralIndexKey	0000773318
	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-15113
	dei	Entity Registrant Name EntityRegistrantName	VERITEC, INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	95-3954373
	dei	Entity Address Address Line1 EntityAddressAddressLine1	2445 Winnetka Avenue N.
	dei	Entity Address City Or Town EntityAddressCityOrTown	Golden Valley
	dei	Entity Address State Or Province EntityAddressStateOrProvince	MN
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	55427
	dei	City Area Code CityAreaCode	(763)
	dei	Local Phone Number LocalPhoneNumber	253-2670
	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01 per share
	dei	Trading Symbol TradingSymbol	VRTC
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	39988007	shares
CY2022Q4	us-gaap	Cash Cash	183000	usd
CY2022Q2	us-gaap	Cash Cash	66000	usd
CY2022Q4	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	7000	usd
CY2022Q2	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	7000	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	6000	usd
CY2022Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	6000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	196000	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	79000	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	288000	usd
CY2022Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	271000	usd
CY2022Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	109000	usd
CY2022Q2	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	102000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	58000	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	59000	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	26000	usd
CY2022Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	25000	usd
CY2022Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	43000	usd
CY2022Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	0	usd
CY2022Q4	VRTC	Convertible Notes And Notes Payable In Default ConvertibleNotesAndNotesPayableInDefault	515000	usd
CY2022Q2	VRTC	Convertible Notes And Notes Payable In Default ConvertibleNotesAndNotesPayableInDefault	506000	usd
CY2022Q4	us-gaap	Notes And Loans Payable Current NotesAndLoansPayableCurrent	560000	usd
CY2022Q2	us-gaap	Notes And Loans Payable Current NotesAndLoansPayableCurrent	550000	usd
CY2022Q4	VRTC	Convertible Notes And Notes Payable Related Party In Default ConvertibleNotesAndNotesPayableRelatedPartyInDefault	238000	usd
CY2022Q2	VRTC	Convertible Notes And Notes Payable Related Party In Default ConvertibleNotesAndNotesPayableRelatedPartyInDefault	223000	usd
CY2022Q4	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	6819000	usd
CY2022Q2	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	6353000	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	7903000	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	7360000	usd
CY2022Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	157000	usd
CY2022Q2	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	0	usd
CY2022Q4	VRTC	Contingent Earnout Liability ContingentEarnoutLiability	155000	usd
CY2022Q2	VRTC	Contingent Earnout Liability ContingentEarnoutLiability	155000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	8215000	usd
CY2022Q2	us-gaap	Liabilities Liabilities	7515000	usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1.00
CY2022Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1.00
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	1000	usd
CY2022Q2	us-gaap	Preferred Stock Value PreferredStockValue	1000	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	39988007	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	39988007	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	39988007	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	39988007	shares
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	400000	usd
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	400000	usd
CY2022Q4	VRTC	Common Stock To Be Issued CommonStockToBeIssued	12000	usd
CY2022Q2	VRTC	Common Stock To Be Issued CommonStockToBeIssued	12000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	18143000	usd
CY2022Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	18143000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-26575000	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-25992000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-8019000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-7436000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	196000	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	79000	usd
CY2022Q4	VRTC	Mobile Banking Technology Revenue MobileBankingTechnologyRevenue	70000	usd
CY2021Q4	VRTC	Mobile Banking Technology Revenue MobileBankingTechnologyRevenue	23000	usd
	VRTC	Mobile Banking Technology Revenue MobileBankingTechnologyRevenue	90000	usd
	VRTC	Mobile Banking Technology Revenue MobileBankingTechnologyRevenue	47000	usd
CY2022Q4	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	37000	usd
CY2021Q4	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	58000	usd
	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	118000	usd
	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	150000	usd
CY2022Q4	us-gaap	Revenues Revenues	107000	usd
CY2021Q4	us-gaap	Revenues Revenues	81000	usd
	us-gaap	Revenues Revenues	208000	usd
	us-gaap	Revenues Revenues	197000	usd
CY2022Q4	us-gaap	Cost Of Revenue CostOfRevenue	48000	usd
CY2021Q4	us-gaap	Cost Of Revenue CostOfRevenue	48000	usd
	us-gaap	Cost Of Revenue CostOfRevenue	98000	usd
	us-gaap	Cost Of Revenue CostOfRevenue	98000	usd
CY2022Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	209000	usd
CY2021Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	165000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	451000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	355000	usd
CY2022Q4	us-gaap	Costs And Expenses CostsAndExpenses	257000	usd
CY2021Q4	us-gaap	Costs And Expenses CostsAndExpenses	213000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	549000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	453000	usd
CY2022Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-150000	usd
CY2021Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-132000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-341000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-256000	usd
CY2021Q4	VRTC	Gain On Forgiveness Of Sba Ppp Loans GainOnForgivenessOfSbaPppLoans	118000	usd
	VRTC	Gain On Forgiveness Of Sba Ppp Loans GainOnForgivenessOfSbaPppLoans	118000	usd
CY2022Q4	us-gaap	Interest Expense InterestExpense	122000	usd
CY2021Q4	us-gaap	Interest Expense InterestExpense	109000	usd
	us-gaap	Interest Expense InterestExpense	242000	usd
	us-gaap	Interest Expense InterestExpense	217000	usd
CY2022Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-122000	usd
CY2021Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	9000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-242000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-99000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	-272000	usd
CY2021Q4	us-gaap	Net Income Loss NetIncomeLoss	-123000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-583000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-355000	usd
CY2022Q4	VRTC	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.01
CY2021Q4	VRTC	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.00
	VRTC	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.01
	VRTC	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.01
CY2022Q4	VRTC	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	39988007	shares
CY2021Q4	VRTC	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	39988007	shares
	VRTC	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	39988007	shares
	VRTC	Weighted Average Number Of Shares Outstanding Basic And Diluted WeightedAverageNumberOfSharesOutstandingBasicAndDiluted	39988007	shares
CY2022Q4	VRTC	Includes Expenses To Related Party IncludesExpensesToRelatedParty	14000	usd
CY2021Q4	VRTC	Includes Expenses To Related Party IncludesExpensesToRelatedParty	14000	usd
	VRTC	Includes Expenses To Related Party IncludesExpensesToRelatedParty	26000	usd
	VRTC	Includes Expenses To Related Party IncludesExpensesToRelatedParty	26000	usd
CY2022Q4	VRTC	Includes Interest Expense To Related Parties IncludesInterestExpenseToRelatedParties	117000	usd
CY2021Q4	VRTC	Includes Interest Expense To Related Parties IncludesInterestExpenseToRelatedParties	105000	usd
	VRTC	Includes Interest Expense To Related Parties IncludesInterestExpenseToRelatedParties	232000	usd
	VRTC	Includes Interest Expense To Related Parties IncludesInterestExpenseToRelatedParties	207000	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	-7747000	usd
CY2022Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-272000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-8019000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-7436000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-583000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-8019000	usd
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	-7162000	usd
CY2021Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-123000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-7285000	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-6930000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-355000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-7285000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-583000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-355000	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	242000	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	217000	usd
	VRTC	Gain On Forgiveness Of Sba Ppp Loans GainOnForgivenessOfSbaPppLoans	118000	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-0	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	1000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	1000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-41000	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	200000	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	0	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	17000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-10000	usd
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	7000	usd
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	0	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-1000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-11000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-117000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-319000	usd
	us-gaap	Increase Decrease In Notes Payable Related Parties IncreaseDecreaseInNotesPayableRelatedParties	234000	usd
	us-gaap	Increase Decrease In Notes Payable Related Parties IncreaseDecreaseInNotesPayableRelatedParties	260000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	234000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	260000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	117000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-59000	usd
CY2022Q2	us-gaap	Cash Cash	66000	usd
CY2021Q2	us-gaap	Cash Cash	238000	usd
CY2022Q4	us-gaap	Cash Cash	183000	usd
CY2021Q4	us-gaap	Cash Cash	179000	usd
	us-gaap	Interest Paid Net InterestPaidNet	0	usd
	us-gaap	Interest Paid Net InterestPaidNet	0	usd
	us-gaap	Net Income Loss NetIncomeLoss	-583000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-117000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-8019000	usd
CY2022Q4	VRTC	Notes Payable In Default NotesPayableInDefault	753000	usd
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zlQdOb0Vdij" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_zj09m6YqX2kc">Concentrations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the three month period ended December 31, 2022, the Company had three customers, one that represented <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20221001__20221231__srt--MajorCustomersAxis__custom--CustomerOneMember_zcCkCHIKJhO7" title="Sales percentage from major customers">47</span>% of our revenue, one that represented <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_c20221001__20221231__srt--MajorCustomersAxis__custom--CustomerTwoMember_zxvU23yLrTde" title="Sales percentage from major customers">13</span>% of our revenue, and one, a related party, that represented <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_c20221001__20221231__srt--MajorCustomersAxis__custom--CustomerThreeMember_zMFpVT7yWtI4" title="Sales percentage from major customers">35</span>% of our revenues. During the three month period ended December 31, 2021, the Company had two customers, one that represented <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_c20211001__20211231__srt--MajorCustomersAxis__custom--CustomerOneMember_zvH7437qb4Bj" title="Sales percentage from major customers">21</span>% of our revenue, and one, a related party, that represented <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_dp_c20211001__20211231__srt--MajorCustomersAxis__custom--CustomerTwoMember_zCGg1h3n4W8j" title="Sales percentage from major customers">72</span>% of our revenue. No other customer represented more than 10% of our revenues.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the six month period ended December 31, 2022, the Company had three customers, one that represented <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_c20220701__20221231__srt--MajorCustomersAxis__custom--CustomerOneMember_zZLTVkQYeze6" title="Sales percentage from major customers">24</span>% of our revenue, one that represented <span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20220701__20221231__srt--MajorCustomersAxis__custom--CustomerTwoMember_zbvNI7c9wRD" title="Sales percentage from major customers">13</span>% of our revenue, and one, a related party, that represented <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_c20220701__20221231__srt--MajorCustomersAxis__custom--CustomerThreeMember_zVQdHh4gxWY9" title="Sales percentage from major customers">57</span>% of our revenues. During the six month period ended December 31, 2021, the Company had two customers, one that represented <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_dp_c20210701__20211231__srt--MajorCustomersAxis__custom--CustomerOneMember_zuuC6EWOLhR5" title="Sales percentage from major customers">18</span>% of our revenue, and one, a related party, that represented <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_c20210701__20211231__srt--MajorCustomersAxis__custom--CustomerTwoMember_zS7katf873oj" title="Sales percentage from major customers">76</span>% of our revenue. No other customer represented more than 10% of our revenues.</span></p>
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84B_eus-gaap--UseOfEstimates_z2SZfdi7XUQc" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_z09Jdwf2kna5">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Those estimates and assumptions include estimates for reserves of uncollectible accounts, analysis of impairments of long-lived assets, accruals for potential liabilities, assumptions made in valuing stock instruments issued for services, and valuation of deferred tax assets. Actual results could differ from those estimates.</span></p>
	us-gaap	Revenue Recognition Leases Operating RevenueRecognitionLeasesOperating	<p id="xdx_84D_eus-gaap--RevenueRecognitionLeasesOperating_zsYbFr19u5F2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_zHQbMxQuQIj4">Revenue Recognition</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenues for the Company are classified into management fee revenue and mobile banking technology.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company recognizes revenue in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASC 606”). The underlying principle of ASC 606 is to recognize revenue to depict the transfer of goods or services to customers at the amount expected to be collected. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying the Company’s performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.</span></p> <p style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Mobile Banking Technology Revenue</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company, as a merchant payment processor and a distributor, recognizes revenue from transaction fees charged to cardholders for the use of its issued mobile debit cards. The fees are recognized on a monthly basis after all cardholder transactions have been summarized and reconciled with third party processors.</span></p> <p style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Other Revenue, Management Fee – Related Party</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 30, 2015, the Company sold all of its assets of its Barcode Technology, which was comprised solely of its intellectual property, to The Matthews Group (a related party, see Note 6). The Company subsequently entered into a management services agreement with The Matthews Group to manage all facets of the barcode technology operations through June 30, 2023. The Company earned a fee of 35% of all revenues billed up to December 31, 2022. The Company recognizes management fee revenue as services are performed.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">Disaggregation of Net Sales</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table shows the Company’s disaggregated net sales by product type:</span></p> <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--DisaggregationOfRevenueTableTextBlock_zFVGMgeJwjWc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Disaggregated revenue (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span id="xdx_8BC_zle7RnaTnfri" style="display: none">Disaggregated revenue</span></td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Three months ended <br/> December 31,</span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Six months ended <br/> December 31,</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2022</span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2021</span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2022</span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2021</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mobile banking technology revenue</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_985_eus-gaap--Revenues_pp0p0_c20221001__20221231__srt--ProductOrServiceAxis__custom--MobileBankingMember_zDOhR0C8Jzdj" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">70,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_98A_eus-gaap--Revenues_pp0p0_c20211001__20211231__srt--ProductOrServiceAxis__custom--MobileBankingMember_zxLf08VR4BL6" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">23,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_986_eus-gaap--Revenues_pp0p0_c20220701__20221231__srt--ProductOrServiceAxis__custom--MobileBankingMember_zrchtX0ROd34" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">90,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_981_eus-gaap--Revenues_c20210701__20211231__srt--ProductOrServiceAxis__custom--MobileBankingMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">47,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other revenue, management fee related party</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_986_eus-gaap--Revenues_pp0p0_c20221001__20221231__srt--ProductOrServiceAxis__custom--OtherRevenueMember_zkG2CHolcda3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">37,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20211001__20211231__srt--ProductOrServiceAxis__custom--OtherRevenueMember_zFy5ODpVp1me" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">58,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_98E_eus-gaap--Revenues_c20220701__20221231__srt--ProductOrServiceAxis__custom--OtherRevenueMember_pp0p0" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">118,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_988_eus-gaap--Revenues_c20210701__20211231__srt--ProductOrServiceAxis__custom--OtherRevenueMember_pp0p0" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">150,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total revenue</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_98A_eus-gaap--Revenues_pp0p0_c20221001__20221231_zjxz5gHTsYdl" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">107,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_986_eus-gaap--Revenues_pp0p0_c20211001__20211231_zMzYPHqWCESk" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">81,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_982_eus-gaap--Revenues_c20220701__20221231_pp0p0" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">208,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_984_eus-gaap--Revenues_c20210701__20211231_pp0p0" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">197,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table shows the Company’s disaggregated net sales by customer type for our Mobile banking technology:</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Three months ended <br/> December 31,</span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Six months ended <br/> December 31,</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2022</span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2021</span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2022</span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2021</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 40%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medical</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_984_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20221001__20221231__srt--ProductOrServiceAxis__custom--MedicalMember_zhA7JOhl6wdi" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_986_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20211001__20211231__srt--ProductOrServiceAxis__custom--MedicalMember_z6IkhH2K0Hla" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_98A_eus-gaap--RevenuesNetOfInterestExpense_c20220701__20221231__srt--ProductOrServiceAxis__custom--MedicalMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">28,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_988_eus-gaap--RevenuesNetOfInterestExpense_c20210701__20211231__srt--ProductOrServiceAxis__custom--MedicalMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">35,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Banking</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_988_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20221001__20221231__srt--ProductOrServiceAxis__us-gaap--BankingMember_ztWE64PnyqEl" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">50,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_988_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_d0_c20211001__20211231__srt--ProductOrServiceAxis__us-gaap--BankingMember_zhbyPvUyOD71" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">— </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_981_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20220701__20221231__srt--ProductOrServiceAxis__us-gaap--BankingMember_z3Ey4IWsLvdh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">50,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_981_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_d0_c20210701__20211231__srt--ProductOrServiceAxis__us-gaap--BankingMember_zHWkkLdLqBy7" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">— </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Associations</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_986_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20221001__20221231__srt--ProductOrServiceAxis__custom--AssociationsMember_zic5qXRvqyfh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_983_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20211001__20211231__srt--ProductOrServiceAxis__custom--AssociationsMember_zIFki6dX4xa8" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_989_eus-gaap--RevenuesNetOfInterestExpense_c20220701__20221231__srt--ProductOrServiceAxis__custom--AssociationsMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_98B_eus-gaap--RevenuesNetOfInterestExpense_c20210701__20211231__srt--ProductOrServiceAxis__custom--AssociationsMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Education</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_98C_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20221001__20221231__srt--ProductOrServiceAxis__custom--EducationMember_zOwA3xqTkPF" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_98F_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20211001__20211231__srt--ProductOrServiceAxis__custom--EducationMember_zW3r6U97MA56" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_981_eus-gaap--RevenuesNetOfInterestExpense_c20220701__20221231__srt--ProductOrServiceAxis__custom--EducationMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_983_eus-gaap--RevenuesNetOfInterestExpense_c20210701__20211231__srt--ProductOrServiceAxis__custom--EducationMember_pp0p0" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other revenue, management fee related party</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_98A_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20221001__20221231__srt--ProductOrServiceAxis__custom--OtherRevenueMember_zsepRLd1EOpc" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">37,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_98D_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20211001__20211231__srt--ProductOrServiceAxis__custom--OtherRevenueMember_zsO4CuCtei4k" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">58,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_984_eus-gaap--RevenuesNetOfInterestExpense_c20220701__20221231__srt--ProductOrServiceAxis__custom--OtherRevenueMember_pp0p0" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">118,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_986_eus-gaap--RevenuesNetOfInterestExpense_c20210701__20211231__srt--ProductOrServiceAxis__custom--OtherRevenueMember_pp0p0" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">150,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total revenue</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_98B_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20221001__20221231_zCUsPsYO67O3" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">107,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_98F_eus-gaap--RevenuesNetOfInterestExpense_pp0p0_c20211001__20211231_zbd8W5HdUfpj" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">81,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_988_eus-gaap--RevenuesNetOfInterestExpense_c20220701__20221231_pp0p0" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">208,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td id="xdx_98A_eus-gaap--RevenuesNetOfInterestExpense_c20210701__20211231_pp0p0" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Revenue"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">197,000</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p id="xdx_8AD_zME85JznRiQh" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the periods ended December 31, 2022 and 2021, all of the Company’s Mobile banking technology revenues were earned in the United States of America. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other revenue, management fee - related party revenue was $<span id="xdx_908_eus-gaap--RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty_pp0p0_c20221001__20221231_zG6dQyKM0N2e" title="Other revenue related party">37,000</span> and $<span id="xdx_901_eus-gaap--RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty_pp0p0_c20211001__20211231_zTUKfTROb5Eb" title="Other revenue related party">118,000</span>, and $<span id="xdx_900_eus-gaap--RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty_pp0p0_c20220701__20221231_zgkvOafL7hF3" title="Other revenue related party">58,000</span> and $<span id="xdx_908_eus-gaap--RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty_pp0p0_c20210701__20211231_zfruhPIFEEfe" title="Other revenue related party">150,000</span> for the three and six month periods ended December 31, 2022 and 2021, respectively, and realized from our management services agreement with The Matthews Group, a related party, which requires us to manage The Matthews Group’s barcode technology operations. The Matthews Group’s barcode technology customers are primarily manufacturing companies located in China.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 4, 2022, the Company entered into an agreement (“Nugen Agreement”) with Nugen Universe, LLC (“Nugen”), a corporation located in Wrightsville Beach, North Carolina. Nugen seeks the Company to modify, create, or build a “private label” system for Nugen, with an initial interest in the Company’s blinxPay technology and Bio-ID verification system. Nugen paid the Company $<span id="xdx_90A_ecustom--PaymentOnMobileBankingTechnologyRevenue_c20220701__20220704__us-gaap--TransactionTypeAxis__custom--NugenAgreementMember_zcw3nUCsFhF1" title="Payment on mobile banking technology revenue">50,000</span> at the Nugen Agreement signing date. During the period ended December 31, 2022, the Company delivered its obligations under the Nugen Agreement, and the $<span id="xdx_90B_ecustom--PaymentOnMobileBankingTechnologyRevenue_c20220701__20221231__us-gaap--TransactionTypeAxis__custom--NugenAgreementMember_zdPkN1LdJ1Nj" title="Payment on mobile banking technology revenue">50,000</span> payment was recorded as Mobile banking technology revenue during the period ended December 31, 2022. The Nugen Agreement requires Nugen to pay the Company a 5% ongoing royalty for licensing the Company’s blinxPay technology and Bio-ID verification system. As of December 31, 2022, no royalties have been realized under the Nugen Agreement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On October 10, 2022, the Company entered into a License and Distributor Agreement (“License Agreement”) with Nugen. The License Agreement became effective on receipt of $<span id="xdx_900_eus-gaap--ProceedsFromLicenseFeesReceived_c20220701__20221231__us-gaap--TransactionTypeAxis__custom--LicenseAgreementMember_zTgkEJMcHC93" title="Receipt on license">200,000</span> in December 31, 2022 and extends through August 31, 2027. The License Agreement grants Nugen a Worldwide license and distribution for the Company’s blinxPay Close-Loop Virtual Wallet and blinxPay Open-Loop Visa Debit and all hardware products of the Company. Per the terms of the License Agreement, Nugen agrees to pay the Company a one-time license payment of $<span id="xdx_90B_eus-gaap--TaxesAndLicenses_c20220701__20221231__us-gaap--TransactionTypeAxis__custom--LicenseAgreementMember_zQrMZmG8Y9a2" title="Payment of license fee">1,000,000</span> for the right to market the Company’s products noted above, of which $<span id="xdx_909_eus-gaap--ProceedsFromLicenseFeesReceived_c20220701__20221231_z31bwdH9wva8" title="Receipt on license">200,000</span> was received by the Company in December 2022. The initial $<span id="xdx_90A_eus-gaap--DeferredRevenue_iI_c20221231_zpKpQjnu6UF5" title="Deferred revenue">200,000</span> has been recorded as deferred revenue in the Condensed Consolidated Balance Sheet and will be amortized to Mobile banking technology revenue over the remaining term of the License Agreement, which expires on August 31, 2027. The remaining balance of $<span id="xdx_90D_eus-gaap--PaymentsForFees_c20220701__20221231_zmgOg70CjLX6" title="Remaining balance paid">800,000</span> is scheduled to be paid as outlined in the License Agreement. In addition to the one-time license payment, Nugen agrees to pay a minimum monthly support fee plus 5% royalty from all sales of products noted above. As of December 31, 2022, no royalty related revenues have been realized under the License Agreement.</span></p>
CY2022Q4	us-gaap	Revenues Revenues	107000	usd
CY2021Q4	us-gaap	Revenues Revenues	81000	usd
	us-gaap	Revenues Revenues	208000	usd
	us-gaap	Revenues Revenues	197000	usd
CY2022Q4	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	107000	usd
CY2021Q4	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	81000	usd
	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	208000	usd
	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	197000	usd
CY2022Q4	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	37000	usd
CY2021Q4	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	118000	usd
	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	58000	usd
	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	150000	usd
	us-gaap	Proceeds From License Fees Received ProceedsFromLicenseFeesReceived	200000	usd
CY2022Q4	us-gaap	Deferred Revenue DeferredRevenue	200000	usd
	us-gaap	Payments For Fees PaymentsForFees	800000	usd
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	27353994	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	28321142	shares
CY2022Q4	VRTC	Convertible Notes Payable In Default ConvertibleNotesPayableInDefault	65000	usd
CY2022Q2	VRTC	Convertible Notes Payable In Default ConvertibleNotesPayableInDefault	64000	usd
CY2022Q4	VRTC	Notes Payable In Default No Relation NotesPayableInDefaultNoRelation	466000	usd
CY2022Q2	VRTC	Notes Payable In Default No Relation NotesPayableInDefaultNoRelation	458000	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	29000	usd
CY2022Q2	us-gaap	Notes Payable NotesPayable	28000	usd
CY2022Q4	us-gaap	Notes And Loans Payable NotesAndLoansPayable	560000	usd
CY2022Q2	us-gaap	Notes And Loans Payable NotesAndLoansPayable	550000	usd
CY2022Q4	us-gaap	Debt Instrument Convertible Conversion Price1 DebtInstrumentConvertibleConversionPrice1	0.08
CY2022Q2	us-gaap	Notes Payable NotesPayable	28000	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	29000	usd
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	0	usd
CY2022Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	0	usd
CY2022Q4	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	6819000	usd
CY2022Q2	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	6353000	usd
CY2022Q4	VRTC	Common Stock To Be Issued Shares CommonStockToBeIssuedShares	145000	shares
CY2022Q2	VRTC	Common Stock To Be Issued Shares CommonStockToBeIssuedShares	145000	shares
CY2022Q4	VRTC	Common Stock To Be Issued CommonStockToBeIssued	12000	usd
CY2022Q2	VRTC	Common Stock To Be Issued CommonStockToBeIssued	12000	usd
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	900000	shares
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.03
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	0
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares	0	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	0
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	900000	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.03
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	900000	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	0.03
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	0	usd
CY2017Q2	VRTC	Managament Fee Percent Of Revenue ManagamentFeePercentOfRevenue	0.20	pure
	VRTC	Managament Fee Percent Of Revenue ManagamentFeePercentOfRevenue	0.35	pure
CY2022Q4	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	37000	usd
CY2021Q4	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	118000	usd
	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	58000	usd
	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	150000	usd
	us-gaap	Increase Decrease In Notes Payable Related Parties IncreaseDecreaseInNotesPayableRelatedParties	234000	usd
	us-gaap	Increase Decrease In Notes Payable Related Parties IncreaseDecreaseInNotesPayableRelatedParties	260000	usd
CY2016Q3	VRTC	Convertible Note Payable Relinquished ConvertibleNotePayableRelinquished	365000	usd
CY2016Q3	VRTC	Shares To Be Returned SharesToBeReturned	500000	shares
CY2022Q2	VRTC	Program Setup Fee ProgramSetupFee	10000	usd
CY2021Q4	VRTC	Sales Commissions SalesCommissions	0.15	pure
CY2021Q4	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	500000	shares
CY2021Q4	us-gaap	Sale Of Stock Consideration Received On Transaction SaleOfStockConsiderationReceivedOnTransaction	2000000	usd
CY2008Q4	VRTC	Incentive Compensation Plan Percentage IncentiveCompensationPlanPercentage	0.10	pure
CY2008Q4	VRTC	Incentive Compensation Bonus Minimum Threshold IncentiveCompensationBonusMinimumThreshold	3000000	usd
CY2008Q4	us-gaap	Termination Loans TerminationLoans	1000000	usd
	us-gaap	Payments To Employees PaymentsToEmployees	75000	usd
	us-gaap	Payments To Employees PaymentsToEmployees	75000	usd

Files In Submission

Name	View Source	Status
0001607062-23-000092-index-headers.html	Edgar Link	pending
0001607062-23-000092-index.html	Edgar Link	pending
0001607062-23-000092.txt	Edgar Link	pending
0001607062-23-000092-xbrl.zip	Edgar Link	pending
ex31_1.htm	Edgar Link	pending
ex32_1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vrtc-20221231.xsd	Edgar Link	pending
vrtc123122form10q.htm	Edgar Link	pending
vrtc-20221231_cal.xml	Edgar Link	unprocessable
vrtc-20221231_def.xml	Edgar Link	unprocessable
vrtc-20221231_lab.xml	Edgar Link	unprocessable
vrtc-20221231_pre.xml	Edgar Link	unprocessable
vrtc123122form10q_htm.xml	Edgar Link	completed

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$VRTC
VERITEC INC Stock $vrtc

2023 Q1 Form 10-Q Financial Statement

#000160706223000092 Filed on February 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VRTC VERITEC INC Stock $vrtc

2023 Q1 Form 10-Q Financial Statement

#000160706223000092 Filed on February 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VRTC
VERITEC INC Stock $vrtc