XML 44 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
11. INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2018
Income Tax Disclosure [Abstract]  
Schedule of Income Tax (benefit) Provision
    As of  
    June 30,     June 30,  
    2018     2017  
Current            
Federal   $ -     $ -  
State     -       -  
Total Current     -       -  
                 
Deferred                
Federal     -       -  
State     -       -  
Total Deferred     -       -  
                 
Income tax provision   $ -     $ -  
Schedule of reconciliation of the Expected Income Tax benefit (provision)
    As of  
    June 30,     June 30,  
    2018     2017  
Income tax benefit based on federal statutory rate   $ (11,780,000 )   $ (4,914,000 )
State income tax benefit, net of federal income tax     (462,000 )     (475,000 )
Change in deferred tax valuation allowance     12,242,000       5,389,000  
Other, net     -       -  
Income tax provision   $ -     $ -  
Schedule of Deferred Tax Asset and Liabilities
    As of  
    June 30,     June 30,  
    2018     2017  
Deferred tax assets:            
Debt extinguishment   $ -     $ -  
Impairment of fixed assets     74,991       -  
Domestic net operating loss carryforwards     10,286,000       11,671,000  
Total gross deferred tax assets     10,360,991       11,671,000  
                 
Less valuation allowance on deferred tax assets     (10,360,991 )     (11,671,000 )
Net deferred tax assets     -       -  
                 
Deferred tax liabilities:                
Deferred costs     -       -  
                 
Total deferred tax liabilities     -       -  
Net deferred taxes   $ -     $ -