Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Tables)

v3.10.0.1
Convertible Notes Payable (Tables)
 6 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Convertible Debt [Table Text Block]
As of December 31, 2018, the Company's convertible notes payable consist of the following:
 
 
 
Interest
 
 
Principal
 
 
Unaccreted
 
 
Net Carrying
 
 
Accrued
 
Issuance Date
 
Rate
 
 
Balance
 
 
Debt Discount
 
 
Value
 
 
Interest
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
May 10, 2010
 
 
8.0
%
 
$
10,000
 
 
$
-
 
 
$
10,000
 
 
$
2,762
 
February 26, 2018
 
 
15.0
% 
(1)
 
 
500,000
 
 
 
36,428
 
 
 
463,572
 
 
 
88,767
 
April 3, 2018
 
 
15.0
% 
(1)
 
 
4,040,000
 
 
 
288,924
 
 
 
3,751,076
 
 
 
539,257
 
April 3, 2018
 
 
15.0
% 
(1)
 
 
700,000
 
 
 
1,826
 
 
 
698,174
 
 
 
120,526
 
April 11, 2018
 
 
15.0
% 
(1)
 
 
100,000
 
 
 
7,048
 
 
 
92,952
 
 
 
12,822
 
Total
 
 
 
 
 
 
5,350,000
 
 
 
334,226
 
 
 
5,015,774
 
 
 
764,134
 
Less current maturities
 
 
 
 
 
 
(10,000
)
 
 
-
 
 
 
(10,000
)
 
 
(2,762
)
Long-term debt
 
 
 
 
 
$
5,340,000
 
 
$
334,226
 
 
$
5,005,774
 
 
$
761,372
 
 
 
(1)
 Represents the interest rate that was in effect for the six months ended December 31, 2018.
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
The following table sets forth a reconciliation of changes in the fair value of the embedded derivative liability for the six months ended December 31, 2018:
 
Liability as of June 30, 2018
$
73,904
 
Gain from reduction in fair value of embedded derivative
 
(73,904
)
Liability as of December 31, 2018
$
-