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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
REVENUES        
MyStudio Session Revenues $ 0 $ 2,310 $ 0 $ 3,730
AfterMaster Revenues 36,154 24,505 55,934 52,245
Licensing Revenues 0 0 1,800,000 200,000
Total Revenues 36,154 26,815 1,855,934 255,975
COSTS AND EXPENSES        
Cost of Revenues (Exclusive of Depreciation and Amortization) 108,949 84,444 202,083 167,621
Depreciation and Amortization Expense 17,983 9,537 35,001 43,893
Research and Development 42,300 0 69,085 0
Advertising and Promotion Expense 142,867 504 144,385 1,189
Legal and Professional Expense 130,678 15,937 257,412 31,212
Non-Cash Consulting Expense 1,307,966 589,169 2,187,511 948,472
General and Administrative Expenses 980,387 995,057 2,112,369 1,520,719
Total Costs and Expenses 2,731,130 1,694,648 5,007,846 2,713,106
Loss from Operations (2,694,976) (1,667,833) (3,151,912) (2,457,131)
Other Expense        
Interest Expense (250,345) (1,561,649) (430,725) (2,089,997)
Derivative Expense 0 (66,381) 0 (126,126)
Change in Fair Value of Derivative 0 (725,593) 4,374,585 (753,138)
Loss on Available for Sale Securities (1,770,000) 0 (1,770,000) 0
Gain (Loss) on Extinguishment of Debt 47,897 0 143,344 (28,517)
Total Other Income (Expense) (1,972,448) (2,353,623) 2,317,204 (2,997,778)
Loss Before Income Taxes (4,667,424) (4,021,456) (834,708) (5,454,909)
Income Tax Expense 0 0 0 0
NET LOSS (4,667,424) (4,021,456) (834,708) (5,454,909)
Preferred Stock Accretion and Dividends (16,789) (15,881) (19,427) (32,897)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (4,684,213) $ (4,037,337) $ (854,135) $ (5,487,806)
Basic and Dilited Loss Per Share of Common Stock $ (.05) $ (0.05) $ (.01) $ (0.07)
Weighted Average Number of Shares Outstanding 98,587,644 82,078,713 97,041,083 78,474,438