Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.8.0.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Sep. 30, 2017
Jun. 30, 2017
Assets:    
Cash and cash equivalents $ 5,442,036 $ 9,631,520
Accounts receivable 304,620
Inventory 79,282 188,476
Prepaid expenses 198,372 158,457
Deposits 50,319 42,808
Total current assets 6,074,629 10,021,261
Property and equipment, net 10,169,136 7,853,814
Intangibles, net 214,239 206,527
Other assets 181,004 10,715
Total Assets 16,639,008 18,092,317
Current Liabilities:    
Accounts payable and accrued expenses 3,802,416 1,336,368
Deferred revenue 36,636 14,500
Total current liabilities 3,839,052 1,350,868
Long-term Liabilities:    
Contingent real estate liability 1,730,542 1,730,542
Total long-term liabilities 1,730,542 1,730,542
Total Liabilities 5,569,594 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; 19,184,583 and 19,075,050 shares issued and outstanding at September 30, 2017 and June 30, 2017, respectively 19,185 19,075
Additional paid in capital 32,201,484 31,499,889
Accumulated deficit (21,151,255) (16,508,057)
Total Stockholders' Equity 11,069,414 15,010,907
Total Liabilities and Stockholders' Equity $ 16,639,008 $ 18,092,317