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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net Loss $ (3,342,261) $ (6,556,545)
Adjustments to reconcile net loss to cash from operating activities:    
Depreciation and amortization 53,928 53,702
Share-based compensation - Common Stock 277,012 720,333
Share-based compensation - warrants 525,803 1,329,791
Common stock issued for services and rent 225,413 146,017
Common stock issued as incentive with Convertible debt 0 10,261
Common stock issued for preferred dividends 11,981 8,613
Common stock issued to extend the maturity dates on debt 0 15,750
Closing fees 15,000 0
Amortization of debt discount and issuance costs 75,416 659,803
(Gain)/Loss on extinguishment of debt (143,344) 28,517
Derivative Expense 0 126,126
Gain (loss) re-measurement of derivative (4,374,585) 552,948
Licensing Revenue from the issuance of AFS Securities (1,800,000) 0
Changes in Operating Assets and Liabilities:    
Accounts receivable, net (4,465) (49,858)
Loss on Available for Sale Securities 1,770,000 0
Other assets 2,508,809 (30,300)
Deposits (3,986) (17,750)
Accounts payable and accrued expenses 586,082 1,200,217
Accrued interest 8,456 45,421
Deferred revenue 428,066 2,500
Accrued consulting services - related party (82,267) (196,300)
Net Cash Used in Operating Activities (3,264,942) (1,950,754)
INVESTING ACTIVITIES    
Purchase of property and equipment (63,420) (94,686)
Net Cash Used in Investing Activities (63,420) (94,686)
FINANCING ACTIVITIES    
Common Stock issued for exercise of warrants 155,915 0
Common Stock issued for cash, net of offering costs of $0 and $20,125, respectively 0 1,876,025
A-1 Preferred Stock issued for cash, net of offering costs of $209,100 and $0, respectively 734,089 50,000
Proceeds from convertible notes payable 845,000 527,000
Repayments of convertible notes payable (17,500) (9,000)
Repayments of notes payable 0 (35,000)
Lease Payable (27,710) (38,984)
Net Cash Provided by Financing Activities 1,689,794 2,370,041
NET DECREASE IN CASH (1,638,568) 324,601
CASH AT BEGINNING OF PERIOD 2,185,702 77,876
CASH AT END OF PERIOD 547,134 402,477
CASH PAID FOR:    
Interest 0 6,221
NON CASH FINANCING ACTIVITIES:    
Conversion of Notes and Interest into common stock 990,147 2,152,668
Conversion of warrants for common stock 0 10,000
Conversion of preferred stock for common stock 50 100
Common Stock and warrants issued for interest 0 527,000
Derivative Liability 8,440,357 1,532,627
Beneficial conversion feature 23,236 0
Original Issue Discount 100,000 0
Initial Derivative Liability 0 0
Conversion of Derivative Liability 0 0
MTM on AFS securities (18,000) 0
Common Stock issued as incentive with convertible debt $ 10,284 $ 0