Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,072,945) $ (1,068,532)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 12,885 4,530
Amortization of intangibles 1,350 1,034
Share-based compensation 704,220 65,725
Change in fair value of derivative liabilities 157,216 (14,015)
Changes in operating assets and liabilities:    
Prepaid expenses (38,881) 5,190
Other assets (120,000) (8,100)
Accounts payable and accrued expenses 289,036 217,923
Net Cash Used In Operating Activities (1,067,119) (796,245)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (20,293) (103,957)
Cash paid for intangibles (13,724) (14,873)
Net Cash Used In Investing Activities (34,017) (118,830)
Net Decrease in Cash (1,101,136) (915,075)
Cash - Beginning of Period 4,155,444 4,329,496
Cash - End of Period 3,054,308 3,414,421
Cash Paid During the Period for:    
Income taxes
Interest
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable $ 74,457 $ 37,450