Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Current assets    
Cash $ 4,436,563 $ 4,062,013
Other current assets 413,037 430,094
Total current assets 4,849,600 4,492,107
Non-current assets    
Fixed assets, net 5,461,114 5,984,670
Intangibile assets, net 46,145 51,614
Deposit 375,000 375,000
Other non-current assets 63,233 0
Total non-current assets 5,945,492 6,411,284
Total Assets 10,795,092 10,903,391
Current liabilities:    
Accounts payable and accrued expenses 1,887,726 1,500,650
Convertible notes payable 10,000 60,000
Deferred lease liability, current portion 119,269 119,688
Lease payable 0 23,128
Interest payable 2,762 15,079
Warrant derivative liability 438 11,955
Total current liabilities 2,020,195 1,730,500
Non-current liabilities:    
Deferred lease liability, less current portion 314,655 400,038
Total non-current liabilities 314,655 400,038
Total Liabilities 2,334,850 2,130,538
Commitments and Contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 45,452,450 and 35,110,916 shares issued and outstanding, March 31, 2017 and June 30, 2016 45,454 35,114
Additional paid-in capital 66,548,014 52,782,569
Accumulated deficit (58,133,226) (44,044,830)
Total stockholders' equity 8,460,242 8,772,853
Total Liabilities and Stockholders' Equity $ 10,795,092 $ 10,903,391