Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,616,728) $ (6,234,008)
Adjustments to Reconcile Net loss to Net Cash Used in Operating Activities:    
Issuance and amortization of common stock for services 139,845 531,958
Issuance of convertible promissory notes for services 310,000 500,000
Warrant modification expense 23,495
Loss on settlements 34,337 131,900
Foreign currency transaction loss (gain) 239,498 (143,169)
Depreciation expense 1,684 1,628
Amortization of debt discount 628,066 1,835,899
Change in fair value of derivative liabilities 22,035 (603,938)
Gain on extinguishment of debt (156,574)
Stock option expense 491,058 1,473,174
Reduction of put premium due to payment of debt (80,769)
Accretion of put premium 1,492,516 619,436
Changes in Assets and Liabilities:    
GST receivable 5,864 19,953
Prepaid expenses and other assets (83,305)
Prepaid expenses and other assets - related parties 2,267
Accounts payable 745,659 119,443
Accounts payable - related parties 15,450
Employee benefit liability 20,076 17,682
Payment for security deposit 1,662
Accrued expenses (76,514) 190,899
Accrued interest 153,167 47,189
NET CASH USED IN OPERATING ACTIVITIES (1,730,085) (1,449,080)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Loan repayments (2,345)
Proceeds from convertible promissory notes 2,385,781 923,750
Repayments of convertible promissory notes (490,181)
Proceeds from the exercise of warrants 464,286
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,893,255 1,388,036
Effect of exchange rate changes on cash (222,917) (50,968)
NET DECREASE IN CASH (59,747) (112,012)
CASH AT BEGINNING OF PERIOD 69,043 121,070
CASH AT END OF PERIOD 9,296 9,058
Supplemental Disclosure of Cash Flow Information    
Interest 16,899
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Cancellation of shares for convertible note payable 112,500
Reduction of put premium related to conversions of convertible note 678,806 132,955
Conversion of convertible notes and accrued interest to common stock 2,174,699 934,241
Discounts related to warrants issued with convertible debenture 910,178
Discounts related to derivative liability 510,000 650,000
Settlement of accounts payable for shares of common stock $ 50,000