Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Jun. 30, 2017
Current assets    
Cash $ 868,071 $ 4,486,538
Other current assets 295,728 442,015
Total current assets 1,163,799 4,928,553
Non-current assets    
Fixed assets, net 4,797,823 5,325,401
Intangible assets, net 40,676 44,322
Deferred lease asset 74,831 86,293
Deposits 244,341 244,341
Total non-current assets 5,157,671 5,700,357
Total Assets 6,321,470 10,628,910
Current liabilities:    
Accounts payable and accrued expenses 2,121,854 1,652,677
Convertible notes payable 10,000 10,000
Deferred lease liability, current portion 116,234 105,295
Interest payable 2,762 2,762
Warrant derivative liability 90 588
Total current liabilities 2,250,940 1,771,322
Non-current liabilities:    
Deferred lease liability, less current portion 243,686 304,575
Deposit liability 25,046 25,046
Total non-current liabilities 268,732 329,621
Total Liabilities 2,519,672 2,100,943
Commitments and Contingencies (Note 10)
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; 54,073,309 and 49,228,640 shares issued and outstanding, December 31, 2017 and June 30, 2017 54,075 49,230
Additional paid-in capital 80,472,885 72,800,699
Accumulated deficit (76,725,162) (64,321,962)
Total stockholders' equity 3,801,798 8,527,967
Total Liabilities and Stockholders' Equity $ 6,321,470 $ 10,628,910