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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
REVENUES        
MyStudio Session Revenues $ 0 $ 5,300 $ 0 $ 9,030
AfterMaster Revenues 19,320 18,680 75,254 70,925
Licensing Revenues 0 0 1,800,000 200,000
Total Revenues 19,320 23,980 1,875,254 279,955
COSTS AND EXPENSES        
Cost of Revenues (Exclusive of Depreciation and Amortization) 115,345 70,872 317,428 238,493
Depreciation and Amortization Expense 18,927 9,809 53,928 53,702
Research and Development 177,315 23,789 331,681 28,052
Advertising and Promotion Expense 125,597 200 269,982 1,389
Legal and Professional Expense 85,390 62,390 342,803 87,522
Warrant and Stock issued for services 886,874 51,399 3,074,385 1,359,174
General and Administrative Expenses 841,976 855,006 2,869,063 2,018,239
Total Costs and Expenses 2,251,424 1,073,465 7,259,270 3,786,571
Loss from Operations (2,232,104) (1,049,485) (5,384,016) (3,506,616)
Other Expense        
Interest Expense (275,449) (252,341) (706,174) (2,342,338)
Derivative Expense 0 0 0 (126,126)
Change in Fair Value of Derivative 0 200,190 4,374,585 (552,948)
Loss on Available for Sale Securities 0 0 (1,770,000) 0
Gain (Loss) on Extinguishment of Debt 0 0 143,344 (28,517)
Total Other Income (Expense) (275,449) (52,151) 2,041,755 (3,049,929)
Loss Before Income Taxes (2,507,553) (1,101,636) (3,342,261) (6,556,545)
Income Tax Expense 0 0 0 0
NET LOSS (2,507,553) (1,101,636) (3,342,261) (6,556,545)
Preferred Stock Accretion and Dividends (27,565) (15,880) (67,712) (48,777)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (2,535,118) $ (1,117,516) $ (3,409,973) $ (6,605,322)
Basic and Diluted Loss Per Share of Common Stock $ (0.03) $ (0.01) $ (0.03) $ (0.08)
Weighted Average Number of Shares Outstanding 99,896,132 86,878,895 97,988,045 81,235,026
Other Comprehensive Income, net of tax        
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (2,535,118) $ (1,117,516) $ (3,409,973) $ (6,605,322)
Unrealized loss on AFS Securities 18,000 0 18,000 0
COMPREHENSIVE LOSS $ (2,517,118) $ (1,117,516) $ (3,391,973) $ (6,605,322)