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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net Income (Loss) $ (6,636,058) $ (3,342,261)
Adjustments to reconcile net loss to cash from operating activities:    
Depreciation and amortization 131,876 53,928
Share-based compensation - Common Stock 328,128 277,012
Share-based compensation - warrants and options 27,607 0
Share-based compensation - warrants 0 525,803
Common stock issued for services and rent 25,383 225,413
Common stock issued for preferred dividends 0 11,981
Common stock issued to extend the maturity dates on debt 184,105 0
Common stock issued as incentive with Convertible debt 127,500 0
Amortization of debt discount and issuance costs 170,168 75,416
Closing fees 0 15,000
(Gain)/Loss on extinguishment of debt (9,236) (143,344)
Derivative Expense 197,200 0
Gain (loss) remeasurement of derivative 434,699 (4,374,585)
Loss on Available for Sale Securities 0 1,770,000
Licensing Revenue from the issuance of AFS Securities 0 (1,800,000)
Changes in Operating Assets and Liabilities:    
Accounts receivable, net (106,911) (4,465)
Inventory (506,566) 0
Other assets 1,530,910 2,504,823
Accounts payable and accrued expenses 275,651 586,082
Accrued interest 690,844 8,456
Deferred revenue (77,802) 428,066
Accrued consulting services - related party 19,369 (82,267)
Net Cash Used in Operating Activities (3,193,133) (3,264,942)
INVESTING ACTIVITIES    
Purchase of property and equipment (124,223) (63,420)
Purchase of intangible assets (31,800) 0
Net Cash Used in Investing Activities (156,023) (63,420)
FINANCING ACTIVITIES    
Common Stock issued for cash 359,000 0
Common Stock issued for conversion of options/warrants 906,224 155,915
A-1 Preferred Stock issued for cash 353,148 734,089
Proceeds from convertible notes payable - related party 17,500 0
Repayments of convertible notes payable - related party (12,500) 0
Proceeds from convertible notes payable 1,703,000 845,000
Repayments of convertible notes payable (215,000) (17,500)
Lease Payable 12,913 (27,710)
Net Cash Provided by Financing Activities 3,124,285 1,689,794
NET CHANGE IN CASH (224,871) (1,638,568)
CASH AT BEGINNING OF PERIOD 394,325 2,185,702
CASH AT END OF PERIOD 169,454 547,134
CASH PAID FOR:    
Interest 0 0
NON CASH FINANCING ACTIVITIES:    
Beneficial conversion feature 30,519 23,236
Conversion of Notes and Interest into common stock 220,164 990,147
Conversion of preferred stock for common stock 105 50
Conversion of Derivative Liability 95,492 8,440,357
MTM on AFS securities 600 (18,000)
Common Stock issued as incentive with convertible debt 33,349 10,284
Common stock issued for prepaid expenses 822,233 0
Original Issue Discount 88,000 100,000
Warrants issued for prepaid expenses $ 376,041 $ 0