Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.7.0.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Assets:    
Cash and cash equivalents $ 9,425,699 $ 4,155,444
Inventory 49,534 43,544
Prepaid expenses 125,714 54,818
Deposits 688,651
Total current assets 10,289,598 4,253,806
Property and equipment, net 688,162 206,985
Intangibles, net 117,854 71,233
Other assets 10,715 10,715
Total Assets 11,106,329 4,542,739
Current Liabilities:    
Accounts payable and accrued expenses 1,271,794 543,646
Deferred revenue 30,500
Total current liabilities 1,302,294 543,646
Long-term Liabilities:    
Derivative liabilities 1,322,729
Total Liabilities 1,302,294 1,866,375
Commitments and contingencies
Stockholders' Equity    
Preferred Stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 45,000,000 shares authorized; 18,105,349 and 15,375,981 shares issued and outstanding at March 31, 2017 and June 30, 2016, respectively 18,105 15,376
Additional paid in capital 23,993,581 9,335,801
Accumulated deficit (14,207,651) (6,674,813)
Total Stockholders' Equity 9,804,035 2,676,364
Total Liabilities and Stockholders' Equity $ 11,106,329 $ 4,542,739