Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Jun. 30, 2017
Assets:    
Cash and cash equivalents $ 14,816,717 $ 9,631,520
Accounts receivable 214,659
Inventory 57,556 188,476
Prepaid expenses 305,942 158,457
Other current assets 484,173 42,808
Total current assets 15,879,047 10,021,261
Property and equipment, net 12,820,169 7,853,814
Intangibles, net 264,295 206,527
Assets held for sale, net 333,250
Other assets 11,155 10,715
Total Assets 29,307,916 18,092,317
Current Liabilities:    
Accounts payable and accrued expenses 2,593,432 1,336,368
Deferred revenue 52,938 14,500
Total current liabilities 2,646,370 1,350,868
Long-term Liabilities:    
Contingent real estate liability 1,229,966 1,730,542
Convertible notes payable, net of debt discount and issuance costs 11,464,632
Other long term liabilities 117,086
Total long-term liabilities 12,811,684 1,730,542
Total Liabilities 15,458,054 3,081,410
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; 22,203,437 and 19,075,050 shares issued and outstanding at June 30, 2018 and June 30, 2017, respectively 22,203 19,075
Additional paid in capital 52,074,343 31,499,889
Accumulated deficit (38,246,684) (16,508,057)
Total Stockholders' Equity 13,849,862 15,010,907
Total Liabilities and Stockholders' Equity $ 29,307,916 $ 18,092,317