Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Sep. 30, 2016
Jun. 30, 2016
Assets:    
Cash and cash equivalents $ 3,054,308 $ 4,155,444
Inventory 43,544 43,544
Prepaid expenses 93,699 54,818
Total current assets 3,191,551 4,253,806
Property and equipment, net 214,393 206,985
Intangibles, net 83,607 71,233
Other assets 130,715 10,715
Total Assets 3,620,266 4,542,739
Current Liabilities:    
Accounts payable and accrued expenses 837,116 543,646
Total current liabilities 837,116 543,646
Long-term Liabilities:    
Derivative liabilities 1,479,945 1,322,729
Total Liabilities 2,317,061 1,866,375
Commitments and contingencies
Stockholders' Equity    
Preferred Stock, par value $0.001: 10,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 300,000,000 shares authorized; 15,828,981 and 15,375,981 shares issued and outstanding at September 30, 2016 and June 30, 2016, respectively 15,829 15,376
Additional paid in capital 10,035,134 9,335,801
Accumulated deficit (8,747,758) (6,674,813)
Total Stockholders' Equity 1,303,205 2,676,364
Total Liabilities and Stockholders' Equity $ 3,620,266 $ 4,542,739