XML 16 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (805,500) $ (748,100)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 91,800 91,900
Accretion of fair value - contingent payments 9,300 9,400
Stock-based compensation for options 0 27,800
Exercisable warrants issued under note payable to Anderson Family Trust 3,600 0
Reserve recorded for American Citizenship Center, LLC note receivable 0 50,000
Changes in operating assets and liabilities:    
Accounts receivable - trade 1,300 23,800
Other receivables - related party 2,800 (2,900)
Prepaid expenses and other current assets (200) 137,000
Trust account - asset retirement obligation (10,700) (9,400)
Accounts payable and accrued expenses 134,000 (52,400)
Net cash used in operating activities (573,600) (472,900)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from repayment of American Citizenship Center, LLC note receivable 0 22,400
Purchase of land, property, and equipment (1,000) (6,800)
Net cash provided by investing activities (1,000) 15,600
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from note payable to Anderson Family Trust 440,000 0
Net cash provided by financing activities 440,000 0
NET DECREASE IN CASH AND CASH EQUIVALENTS (134,600) (457,300)
CASH AND CASH EQUIVALENTS, beginning of period 139,600 788,900
CASH AND CASH EQUIVALENTS, end of period 5,000 331,600
Non-cash investing & financing activities:    
Value of exercisable warrants issued under note payable to Anderson Family Trust 3,600 0
Value of stock-based compensation for options $ 0 $ 27,800