XML 27 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net loss $ (1,865,062) $ (2,126,532)
Adjustments to reconcile net loss to cash from operating activities:    
Depreciation and amortization 29,437 23,467
Share-based compensation - common stock 91,608 65,047
Common stock issued for services 0 366,015
Amortization of debt discount and issuance costs 452,715 500,457
Derivative expense 71,359 1,043,090
(Gain)/loss remeasurement of derivative 324,692 (612,212)
Changes in Operating Assets and Liabilities:    
Accounts receivables (3,079) (58,838)
Inventory 3,960 (2,568)
Other assets 25,387 (300,899)
Deposits 0 900
Accounts payable and accrued expenses 91,531 (88,615)
Lease payments (15,351) 0
Accrued interest 180,955 293,975
Accrued consulting services - related party 33,766 37,304
Net cash used in operating activities (578,082) (859,409)
INVESTING ACTIVITIES    
Net cash used in investing activities 0 0
FINANCING ACTIVITIES    
Common stock issued for cash 189,000 0
Proceeds from notes payable 50,000 125,000
Repayments of notes payable 0 (10,000)
Proceeds from notes payable - related party 40,000 39,000
Proceeds from convertible notes payable 107,250 577,850
Repayments of convertible notes payable (110,204) (126,759)
Net cash provided by financing activities 276,046 605,091
Net change in cash (302,036) (254,318)
Cash at beginning of period 366,129 390,191
Cash at end of period 64,093 135,873
CASH PAID FOR:    
Interest 56,703 102,217
Taxes 0 0
NON CASH FINANCING ACTIVITIES:    
Beneficial conversion feature 0 274,310
Conversion of notes and interest into common stock 0 90,000
Derivative liability 107,250 577,850
Conversion of derivative liability 120 959,587
Market to market on available for sale securities 0 366,015
Right-to-use asset 154,541 0
Warrants issued in private placement 755,117 0
Convertible notes payable issued for prepaid expenses 0 120,000
Original issue discount 14,750 102,000
Assignment of debt $ 164,204 $ 11,238