Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Jun. 30, 2017
Current assets    
Cash $ 78,119 $ 4,486,538
Other current assets 367,810 442,015
Total current assets 445,929 4,928,553
Non-current assets    
Fixed assets, net 4,531,043 5,325,401
Intangible assets, net 38,853 44,322
Deferred lease asset 68,667 86,293
Deposits 56,841 244,341
Total non-current assets 4,695,404 5,700,357
Total Assets 5,141,333 10,628,910
Current liabilities:    
Accounts payable and accrued expenses 3,208,980 1,652,677
Convertible notes payable, net 924,697 10,000
Embedded derivative liability 92,603 0
Deferred lease liability, current portion 121,705 105,295
Interest payable 23,014 2,762
Warrant derivative liability 0 588
Total current liabilities 4,370,999 1,771,322
Non-current liabilities:    
Deferred lease liability, less current portion 212,358 304,575
Deposit liability 25,046 25,046
Total non-current liabilities 237,404 329,621
Total Liabilities 4,608,403 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, March 31, 2018 and June 30, 2017 54,075 49,230
Additional paid-in capital 82,171,854 72,800,699
Accumulated deficit (81,692,999) (64,321,962)
Total stockholders' equity 532,930 8,527,967
Total Liabilities and Stockholders' Equity $ 5,141,333 $ 10,628,910