Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.8.0.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Dec. 31, 2017
Jun. 30, 2017
Assets:    
Cash and cash equivalents $ 11,698,531 $ 9,631,520
Accounts receivable 298,797
Inventory 74,979 188,476
Prepaid expenses 182,307 158,457
Deposits 42,549 42,808
Total current assets 12,297,163 10,021,261
Property and equipment, net 12,283,207 7,853,814
Intangibles, net 231,701 206,527
Other assets 32,861 10,715
Total Assets 24,844,932 18,092,317
Current Liabilities:    
Accounts payable and accrued expenses 3,027,331 1,336,368
Deferred revenue 77,447 14,500
Total current liabilities 3,104,778 1,350,868
Long-term Liabilities:    
Contingent real estate liability 1,809,847 1,730,542
Total long-term liabilities 1,809,847 1,730,542
Total Liabilities 4,914,625 3,081,410
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; 22,320,700 and 19,075,050 shares issued and outstanding at December 31, 2017 and June 30, 2017, respectively 22,321 19,075
Additional paid in capital 46,599,657 31,499,889
Accumulated deficit (26,691,671) (16,508,057)
Total Stockholders' Equity 19,930,307 15,010,907
Total Liabilities and Stockholders' Equity $ 24,844,932 $ 18,092,317