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Reliabrand Inc. - Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Jun. 30, 2014
Current Assets:    
Cash $ 2,310 $ 188,763
Accounts receivable, net 58,054 58,054
Inventory, net 540,930 [1] 557,558 [1]
Prepaid expenses 405,568 397,649
TOTAL CURRENT ASSETS 1,006,862 1,202,024
OTHER ASSETS    
Deposits 5,278 5,278
Property and equipment, net 61,235 [2] 76,746 [2]
Intellectual and product properties 125,000 [3] 125,000 [3]
Patents, net of amortization 1,028,443 [4] 1,041,446 [4]
Product molds, net of amortization 43,112 [5] 57,603 [5]
TOTAL OTHER ASSETS 1,263,068 1,306,072
Total Assets 2,269,930 2,508,096
Current liabilities:    
Accounts payable 94,488 81,923
Accounts payable, related party current 34,158  
Accrued taxes payable 153 5,955
Shareholder advances 56,998 [6]    [6]
Note payable to shareholder 134,012 [7] 131,965 [7]
Contingent royalties payable 70,000 70,000
Royalties payable, related party 34,412 25,300
Accrued liabilities, related party      
TOTAL CURRENT LIABILITIES 424,221 315,143
LONG TERM LIABILITY- Contingent royalites payable 592,907 592,907
TOTAL LIABILITIES 1,017,128 908,050
COMMITMENT AND CONTINGENCIES    [8]    [8]
Stockholders' Equity    
Convertible Preferred Stock, series A 1 [9] 1 [9]
Convertible Preferred Stock, Series B    [10]    [10]
Convertible Preferred Stock, Series C 5 [11] 5 [11]
Common Stock 9,847 [12] 9,847 [12]
Paid-in capital 6,139,499 6,139,499
Subscription receivable (52,253) (52,253)
Stock due from shareholder (12,500) (12,500)
Accumulated (Deficit) (4,831,797) (4,484,553)
Total Stockholders' Equity 1,252,802 1,600,046
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,269,930 $ 2,508,096
[1] see note 4
[2] see note 3
[3] see note 5
[4] see note 5; Patents net of amortization of $175,311 as of September 30, 2014 and $162,308 as of June 30, 2014
[5] see note 3; Product molds, net of amortization of $130,770 as of September 30, 2014 and $116,279 as of June 30, 2014
[6] See Note 7
[7] See Note 6
[8] See Note 8
[9] Preferred stock, par value $0.0001; 10,000,000 shares authorized; 10,000 issued and outstanding- September 30, 2014 and June 30, 2014
[10] Preferred stock, Series B, par value $0.0001, 150,000 shares authorized, none issued and outstanding as of September 30, 2014 and June 30, 2014
[11] Preferred stock, Series C, par value $0.0001, 100,000 shares authorized, 50,000 issued and outstanding as of September 30, 2014 and June 30, 2014
[12] Common stock; par value $0.0001, 150,000,000 and 100,000,000 shares authorized, respectively: 98,471,371 issued and outstanding- September 30, 2014; 98,471,371 issued and outstanding- June 30, 2014