Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.6.0.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Assets:    
Cash and cash equivalents $ 5,001,466 $ 4,155,444
Accounts receivable 29,000
Inventory 43,185 43,544
Prepaid expenses 93,249 54,818
Total current assets 5,166,900 4,253,806
Property and equipment, net 625,580 206,985
Intangibles, net 107,771 71,233
Other assets 20,715 10,715
Total Assets 5,920,966 4,542,739
Current Liabilities:    
Accounts payable and accrued expenses 918,370 543,646
Deferred revenue 29,000
Total current liabilities 947,370 543,646
Long-term Liabilities:    
Derivative liabilities 396,828 1,322,729
Total Liabilities 1,344,198 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; 16,569,978 and 15,375,981 shares issued and outstanding at December 31, 2016 and June 30, 2016, respectively 16,570 15,376
Additional paid in capital 16,703,677 9,335,801
Accumulated deficit (12,143,479) (6,674,813)
Total Stockholders' Equity 4,576,768 2,676,364
Total Liabilities and Stockholders' Equity $ 5,920,966 $ 4,542,739