Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Jun. 30, 2016
Assets:    
Cash and cash equivalents $ 9,631,520 $ 4,155,444
Inventory 188,476 43,544
Prepaid expenses 158,457 54,818
Other current assets 42,808
Total current assets 10,021,261 4,253,806
Property and equipment, net 7,853,814 206,985
Intangibles, net 206,527 71,233
Other assets 10,715 10,715
Total Assets 18,092,317 4,542,739
Current Liabilities:    
Accounts payable and accrued expenses 1,336,368 543,646
Deferred revenue 14,500
Total current liabilities 1,350,868 543,646
Long-term Liabilities:    
Contingent real estate liability 1,730,542
Derivative liabilities 1,322,729
Total long-term liabilities 1,730,542 1,322,729
Total Liabilities 3,081,410 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; 19,075,050 and 15,375,981 shares issued and outstanding at June 30, 2017 and June 30, 2016, respectively 19,075 15,376
Additional paid in capital 30,774,885 9,335,801
Accumulated deficit (15,783,053) (6,674,813)
Total Stockholders' Equity 15,010,907 2,676,364
Total Liabilities and Stockholders' Equity $ 18,092,317 $ 4,542,739