Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Jun. 30, 2018
Current assets:    
Cash $ 258,188 $ 1,645,872
Assets held for sale 72,537 0
Other current assets 91,553 361,915
Total current assets 422,278 2,007,787
Non-current assets:    
Intangibile assets, net 33,384 37,030
Fixed assets, net 0 368,374
Lease deposits and other 0 89,691
Total assets 455,662 2,502,882
Current liabilities:    
Accounts payable and accrued expenses 2,091,017 1,706,154
Accrued payroll 872,431 770,976
Convertible notes payable, net 10,000 3,434,611
Interest payable 2,762 148,372
Embedded derivative liability 0 73,904
Deferred lease liability 0 113,997
Total current liabilities 2,976,210 6,248,014
Non-current liabilities:    
Convertible notes payable, net 5,005,774 0
Interest payable on convertible notes payable 761,372 0
Exclusivity Payment 1,500,000 0
Long-term portion of deferred lease liability 0 190,577
Sublease deposit liability 0 25,046
Total liabilities 10,243,356 6,463,637
Commitments and contingencies (Notes 10 and 11)
Stockholders' deficit:    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; 15,000,000 shares designated as Series A; no shares issued 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized; 61,866,319 and 62,166,309 shares issued and outstanding as of December 31, 2018 and June 30, 2018, respectively 61,869 62,168
Additional paid-in capital 91,860,840 90,160,815
Accumulated deficit (101,710,403) (94,183,738)
Total stockholders' deficit (9,787,694) (3,960,755)
Total liabilities and stockholders' deficit $ 455,662 $ 2,502,882