General form of registration statement for all companies including face-amount certificate companies

Summary of significant accounting policies (Tables)

v3.7.0.1
Summary of significant accounting policies (Tables)
 9 Months Ended 12 Months Ended
Mar. 31, 2017
Jun. 30, 2016
Accounting Policies [Abstract]    
Schedule of inventory  

Inventory is stated at lower of cost or market using the first-in, first-out (FIFO) valuation method. Inventory was comprised of the following at June 30, 2016, June 30, 2015, March 31, 2016 and March 31, 2015:

 

    June 30, 2016     June 30, 2015     March 31, 2016     March 31, 2015  
Finished goods held for resale   $ 43,544     $ -     $ 43,544     $ -  
Raw materials     -       -       -       30,521  
    $ 43,544     $ -     $ 43,544     $ 30,521
Schedule of common stock equivalents

The Company had the following common stock equivalents at March 31, 2017 and 2016:

 

    March 31, 2017     March 31, 2016  
Options     160,000       160,000  
Warrants     642,448       324,650  
Totals     802,448       484,650  

The Company had the following Common Stock equivalents at June 30, 2016, June 30, 2015, March 31, 2016 and 2015:

 

    June 30,
2016		     June 30,
2015		     March 31,
2016		     March 31,
2015		  
Options     160,000       160,000       160,000       —  
Warrants     471,697       324,650       324,650       —  
Totals     631,697       484,650       484,650       —