Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Deficit) (Tables)

v3.19.1
Stockholders' Equity (Deficit) (Tables)
 9 Months Ended
Mar. 31, 2019
Stockholders' Equity Note [Abstract]  
Summary of the Liquidation Preference and Conversion Terms Table Text Block [Text Block]
The original issue price and conversion terms for all Series AA Shares outstanding as of March 31, 2019, are as follows:
 
 
 
Number
 
 
Conversion Value
 
 
Common Stock Conversion
 
Holder
 
of Shares
 
 
Per Share
 
 
Amount
 
 
Price
 
 
Shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New Investors
 
 
2,500,000
 
 
$
10.00
 
 
$
25,000,000
 
 
$
0.22
 
 
 
113,636,350
 
Fiscal 2018 Note holders
 
 
767,519
 
 
 
10.00
 
 
 
7,675,190
 
 
 
0.22
 
 
 
34,887,190
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
3,267,519
 
 
 
 
 
 
$
32,675,190
 
 
 
 
 
 
 
148,523,540
 
Schedule of Stockholders Equity [Table Text Block] The following table presents changes in stockholders’ equity (deficit) for the three months ended March 31, 2019:
 
 
 
Series AA
 
 
 
 
 
 
 
 
Additional
 
 
 
 
 
Total
 
 
 
Preferred Stock
 
 
Common Stock
 
 
Paid-in
 
 
Accumulated
 
 
Stockholders'
 
 
 
Shares
 
 
Amount
 
 
Shares
 
 
Amount
 
 
Capital
 
 
Deficit
 
 
Equity (Deficit)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances, December 31, 2018
 
 
-
 
 
$
-
 
 
 
61,866,319
 
 
$
61,866
 
 
$
91,860,840
 
 
$
(101,710,403
)
 
$
(9,787,697
)
Stock-based compensation
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
696,047
 
 
 
-
 
 
 
696,047
 
Fair value of warrants:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Issued to consultants for services
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
3,109
 
 
 
-
 
 
 
3,109
 
Modification for debt discount to former member of Board of Directors
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
137,845
 
 
 
-
 
 
 
137,845
 
Beneficial conversion feature related to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2018 Notes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
2,233,000
 
 
 
-
 
 
 
2,233,000
 
Series AA Preferred Stock
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
2,273,000
 
 
 
(2,273,000
)
 
 
-
 
Issuance of Series AA Preferred Stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For cash
 
 
2,500,000
 
 
 
25,000,000
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
25,000,000
 
For conversion of debt
 
 
767,519
 
 
 
6,140,117
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
6,140,117
 
Net loss
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(19,772,805
)
 
 
(19,772,805
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances, March 31, 2019
 
 
3,267,519
 
 
$
31,140,117
(1) 
 
 
61,866,319
 
 
$
61,866
 
 
$
97,203,841
 
 
$
(123,756,208
)
 
$
4,649,616
 
  
 
 
(1)
Consists of the aggregate par value of $3,268 and additional paid-in capital related to the Series AA Preferred Stock of $31,136,849.
 
Changes in stockholders’ equity for the nine months ended March 31, 2018, are as follows:
 
 
 
 
 
 
 
 
 
Additional
 
 
 
 
 
Total
 
 
 
Common Stock
 
 
Paid-in
 
 
Accumulated
 
 
Stockholders'
 
 
 
Shares
 
 
Amount
 
 
Capital
 
 
Deficit
 
 
Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances, June 30, 2017
 
 
49,228,640
 
 
$
49,230
 
 
$
72,800,699
 
 
$
(64,321,962
)
 
$
8,527,967
 
Issuance of Common Stock, net of issuance costs of $60,000
 
 
4,500,000
 
 
 
4,500
 
 
 
4,435,500
 
 
 
 
 
 
 
4,440,000
 
Stock-based compensation
 
 
-
 
 
 
-
 
 
 
1,507,699
 
 
 
-
 
 
 
1,507,699
 
Fair value of warrants issued to consultants
 
 
-
 
 
 
-
 
 
 
14,847
 
 
 
-
 
 
 
14,847
 
Net loss
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(6,684,612
)
 
 
(6,684,612
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances, September 30, 2017
 
 
53,728,640
 
 
 
53,730
 
 
 
78,758,745
 
 
 
(71,006,574
)
 
 
7,805,901
 
Stock-based compensation
 
 
-
 
 
 
-
 
 
 
1,194,029
 
 
 
-
 
 
 
1,194,029
 
Fair value of warrants issued to consultants
 
 
-
 
 
 
-
 
 
 
520,455
 
 
 
-
 
 
 
520,455
 
Commitment fee for issuance of Common Stock
 
 
344,669
 
 
 
345
 
 
 
(345
)
 
 
-
 
 
 
-
 
Net loss
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(5,718,587
)
 
 
(5,718,587
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances, December 31, 2017
 
 
54,073,309
 
 
 
54,075
 
 
 
80,472,884
 
 
 
(76,725,161
)
 
 
3,801,798
 
Stock-based compensation
 
 
-
 
 
 
-
 
 
 
1,473,765
 
 
 
-
 
 
 
1,473,765
 
Fair value of warrants issued to consultants for services
 
 
-
 
 
 
-
 
 
 
225,205
 
 
 
-
 
 
 
225,205
 
Net loss
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(4,967,838
)
 
 
(4,967,838
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances, March 31, 2018
 
 
54,073,309
 
 
$
54,075
 
 
$
82,171,854
 
 
$
(81,692,999
)
 
$
532,930