XML 29 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net Loss $ (9,302,739) $ (4,253,199)
Adjustments to reconcile net loss to cash from operating activities:    
Depreciation and amortization 84,448 158,507
Share-based compensation - Common Stock 397,386 353,949
Share-based compensation - warrants and options 0 246,868
Share based compensation - preferred stock 148,116 0
Common stock issued for charitable contribution 0 7,000
Common stock issued as incentive with Convertible debt 0 16,897
Warrants issued as incentive to modify derivative instruments 68,854 0
Amortization of debt discount and issuance costs 2,086,956 1,856,791
Impairment of assets 0 74,991
(Gain)/Loss on extinguishment of debt 0 (4,762,594)
Derivative Expense 2,288,380 2,787,712
Gain (loss) remeasurement of derivative (5,562) (1,161,227)
Gain on Available for Sale Securities 0 (240,000)
Changes in Operating Assets and Liabilities:    
Accounts receivables 179,492 (106,617)
Inventory (306,762) 104,891
Other assets 688,872 235,274
Deposits 900 8,246
Accounts payable and accrued expenses 365,297 1,250,908
Accrued interest 747,083 968,372
Deferred revenue 1,521 (268,223)
Accrued consulting services - related party 140,503 48,557
Net Cash Used in Operating Activities (2,417,256) (2,672,897)
INVESTING ACTIVITIES    
Purchase of property and equipment (1,907) (5,425)
Sale of available for sale securities 0 270,000
Purchase of intangible assets 0 (3,150)
Net Cash Used in Investing Activities (1,907) 261,425
FINANCING ACTIVITIES    
Common Stock issued for cash 281,500 642,750
Proceeds from notes payable 375,000 950,000
Repayments of notes payable (72,500) (255,000)
Proceeds from notes payable - related party 154,000 119,500
Repayments of notes payable - related party 0 (278,500)
Proceeds from convertible notes payable - related party 0 89,500
Proceeds from convertible notes payable 1,867,350 2,022,122
Repayments of convertible notes payable (210,249) (737,500)
Lease payable 0 (1,937)
Net Cash Provided by Financing Activities 2,395,101 2,550,935
NET CHANGE IN CASH (24,062) 139,463
CASH AT BEGINNING OF PERIOD 390,191 250,728
CASH AT END OF PERIOD 366,129 390,191
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 234,378 186,860
Taxes 0 0
NON CASH FINANCING ACTIVITIES:    
Beneficial conversion feature 0 188,521
Conversion of notes and Interest into common stock 576,796 217,628
Conversion of related party payables into preferred stock 50,000 0
Derivative Liability 1,867,350 1,406,506
Conversion of Derivative Liability 2,041,476 2,660,894
Market To Market on Available For Sale securities 0 64,800
Common stock issued with notes payable 0 317,261
Common stock issued with convertible debt 0 836,833
Common stock issued for prepaid expenses 475,765 107,290
Convertible notes payable issued for prepaid expenses 120,000 0
Cancellation of common shares as part of settlement of debt 0 14,838
Original issue discount 241,396 281,765
Common stock issued from stock to be issued 28,553 0
Assignment of Debt 11,238 16,532
Conversion of accrued interest into common stock 0 8,570
Warrants issued for prepaid expenses $ 16,029 $ 0