Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,468,666) $ (2,139,139)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 25,834 12,986
Amortization of intangibles 3,112 1,412
Share-based compensation 2,247,862 147,148
Change in fair value of derivative liabilities 869,462 (19,429)
Changes in operating assets and liabilities:    
Accounts receivable (29,000)
Inventory 359
Prepaid expenses (38,431) (8,075)
Other assets (10,000) (50,255)
Accounts payable and accrued expenses 244,109 349,653
Deferred revenue 29,000
Net Cash Used In Operating Activities (2,126,359) (1,705,699)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (444,429) (123,407)
Cash paid for intangibles (39,650) (16,901)
Net Cash Used In Investing Activities (484,079) (140,308)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 3,456,460
Net Cash Provided By Financing Activities 3,456,460
Net Increase (Decrease) in Cash 846,022 (1,846,007)
Cash - Beginning of Period 4,155,444 4,329,496
Cash - End of Period 5,001,466 2,483,489
Cash Paid During the Period for:    
Income taxes
Interest
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable 208,699 37,450
Warrants issued for stock issuance costs 107,432
Reclassification of derivative liability to additional paid in capital $ 1,795,363