XML 16 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Consolidated Statements of Operations [Abstract]    
Revenue $ 96,713 $ 222,332
Cost of goods sold 18,692 0
Gross profit 78,021 222,332
Operating expenses:    
Selling, general, and administrative expenses 2,885,753 3,745,562
Research and development 661,371 655,432
Total operating expenses 3,547,124 4,400,994
Fair value (loss) gain on derivative financial liabilities (815,491) 49,724
Fair value gain on warrant liability 37,500 0
Net loss on extinguishment of liabilities 0 (139,400)
Gain (loss) on extinguishment of convertible debenture 149,194 (6,577)
Other income 6,680 257
Interest expense (548,478) (157,959)
Net Loss $ (4,639,698) $ (4,432,617)
Net loss per share - basic and diluted (in dollars per share) $ (0.04) $ (0.04)
Weighted average number of common shares outstanding (in shares) 120,011,421 106,267,953