Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,532,838) $ (2,888,530)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 61,374 23,403
Amortization of intangibles 5,063 2,212
Share-based compensation 2,952,850 441,190
Change in fair value of derivative liabilities 877,490 108,565
Changes in operating assets and liabilities:    
Inventory (5,990) (43,544)
Prepaid expenses (70,896) 351
Cash paid for deposits (688,651)
Other assets
Accounts payable and accrued expenses 339,561 143,731
Deferred revenue 30,500
Net Cash Used In Operating Activities (4,031,537) (2,212,622)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (542,551) (124,672)
Cash paid for intangibles (51,684) (31,784)
Net Cash Used In Investing Activities (594,235) (156,456)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 9,841,027 769,687
Proceeds from the exercise of warrants 55,000
Net Cash Provided By Financing Activities 9,896,027 769,687
Net Increase (Decrease) in Cash 5,270,255 (1,599,391)
Cash - Beginning of Period 4,155,444 4,329,496
Cash - End of Period 9,425,699 2,730,105
Cash Paid During the Period for:    
Income taxes
Interest
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable 485,916 101,045
Warrants issued for stock issuance costs 715,081
Reclassification of derivative liability to additional paid in capital $ 2,200,219