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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net Profit (Loss) $ 3,832,716 $ (1,433,453)
Adjustments to reconcile net loss to cash from operating activities:    
Depreciation and amortization 17,018 33,072
Share-based compensation - Common Stock 128,061 285,745
Share-based compensation - warrants 0 510,662
Common stock issued for services and rent 140,917 63,015
Common stock issued as incentive with Convertible debt 0 10,261
Common stock issued for preferred dividends 11,981 0
Common stock issued to extend the maturity dates on debt 0 15,750
Amortization of debt discount and issuance costs 0 221,860
(Gain)/Loss on extinguishment of debt (95,447) 28,517
Derivative Expense 0 59,745
Gain (loss) on derivative (4,374,585) 27,545
Licensing Revenue paid for with AFS Securities (1,800,000) 0
Changes in Operating Assets and Liabilities:    
Other receivables 3,500 2,615
Other assets 789,364 (182,770)
Accounts payable and accrued expenses and deferred revenue 221,489 3,226
Net Cash Used in Operating Activities (1,124,986) (354,210)
INVESTING ACTIVITIES    
Purchase of property and equipment (15,395) (39,966)
Net Cash Used in Investing Activities (15,395) (39,966)
FINANCING ACTIVITIES    
Offering costs for Common shares sold (104,910) (9,500)
Common Stock issued for cash 0 300,000
Proceeds from convertible notes payable 119,000 0
Repayments of convertible notes payable 0 362,000
Repayments of notes payable (17,500) (8,520)
Lease Payable (10,732) (4,000)
Net Cash Provided by Financing Activities (14,142) 639,980
NET INCREASE (DECREASE) IN CASH (1,154,523) 245,804
CASH AT BEGINNING OF PERIOD 2,185,702 77,876
CASH AT END OF PERIOD 1,031,179 323,680
CASH PAID FOR:    
Interest 0 918
NON CASH FINANCING ACTIVITIES:    
Conversion of Notes and Interest into common stock 296,693 585,496
Conversion of preferred stock for common stock 50 0
Common Stock and warrants issued for interest $ 527,000 $ 362,000