XML 18 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
REVENUES    
AfterMaster Revenues $ 338,725 $ 118,226
Product Revenues 541,259 0
Licensing Revenues 0 1,800,000
Total Revenues 879,984 1,918,226
COSTS AND EXPENSES    
Cost of Revenues (Exclusive of Depreciation and Amortization) 1,250,365 484,507
Depreciation and Amortization Expense 178,071 83,620
Research and Development 221,437 386,949
Advertising and Promotion Expense 45,183 366,740
Legal and Professional Expense 119,520 377,047
Non-Cash Consulting Expense 2,209,950 4,119,978
General and Administrative Expenses 2,956,464 3,590,584
Total Costs and Expenses 6,980,990 9,409,425
Loss from Operations (6,101,006) (7,491,199)
Other Income (Expense)    
Interest Expense (1,876,031) (967,721)
Derivative Expense (376,427) 0
Change in Fair Value of Derivative (138,694) 4,376,281
Loss on Available for Sale Securities 0 (1,770,000)
Gain Loss on Extinguishment of Debt 1,724 232,894
Impairment of assets (27,926) 0
Total Other Income (Expense) (2,417,353) 1,871,454
Loss Before Income Taxes (8,518,359) (5,619,745)
Income Tax Expense 0 0
NET LOSS (8,518,359) (5,619,745)
Preferred Stock Accretion and Dividends (169,850) (105,603)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (8,688,209) $ (5,725,348)
Basic and Diluted Loss Per Share of Common Stock $ (0.08) $ (0.06)
Weighted Average Number of Shares Outstanding 108,520,687 98,802,908
Other comprehensive income, net of tax $ 93,600 $ 33,600
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS (8,688,209) (5,725,348)
Unrealized gain on AFS securities 60,000 33,600
COMPREHENSIVE LOSS $ (8,628,209) $ (5,691,748)