Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Jun. 30, 2018
Current assets    
Cash $ 400,871 $ 1,645,872
Other current assets 372,114 361,915
Total current assets 772,985 2,007,787
Non-current assets    
Fixed assets, net 178,719 368,374
Intangible assets, net 35,207 37,030
Deferred lease asset 25,439 32,850
Deposits 56,841 56,841
Total non-current assets 296,206 495,095
Total Assets 1,069,191 2,502,882
Current liabilities:    
Accounts payable and accrued expenses 1,788,387 1,706,154
Accrued payroll 868,565 770,976
Convertible notes payable, net 4,137,232 3,434,611
Embedded derivative liability 55,000 73,904
Deferred lease liability, current portion 132,922 113,997
Interest payable 356,996 148,372
Total current liabilities 7,339,102 6,248,014
Non-current liabilities:    
Deferred lease liability, less current portion 148,224 190,577
Deposit liability 25,046 25,046
Total non-current liabilities 173,270 215,623
Total Liabilities 7,512,372 6,463,637
Commitments and Contingencies (Note 10)
Stockholders' (deficit) 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; 62,166,309 shares issued and outstanding, September 30, 2018 and June 30, 2018 62,168 62,168
Additional paid-in capital 91,043,622 90,160,815
Accumulated deficit (97,548,971) (94,183,738)
Total stockholders' deficit (6,443,181) (3,960,755)
Total Liabilities and Stockholders' Deficit $ 1,069,191 $ 2,502,882