General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Jun. 30, 2017
CURRENT ASSETS:    
Cash $ 19,921 $ 69,043
GST tax receivable 6,257 8,111
Prepaid expenses and other current assets 34,712 4,822
TOTAL CURRENT ASSETS 60,890 81,976
Security deposit - related party 2,220 2,303
Property and equipment, net 8,277 10,790
TOTAL ASSETS 71,387 95,069
CURRENT LIABILITIES:    
Accounts payable 1,157,369 483,513
Accrued expenses and other payables 364,404 477,347
Convertible notes and related accrued interest, net of discounts and premiums 4,699,299 3,479,845
Loans payable 2,303
Embedded conversion option liabilities 371,532 877,403
Warrant derivative liability 3,769
Due to directors - related parties 32,898 35,204
Loans from directors and officer - related parties 54,753 56,802
Employee benefit liability 143,052 120,634
TOTAL CURRENT LIABILITIES 6,823,307 5,536,820
Commitments and Contingencies (See Note 9)  
STOCKHOLDERS' DEFICIT:    
Common stock, $0.001 par value; 400,000,000 shares authorized; 46,429,423 and 4,578,284 shares issued; 46,404,945 and 4,553,806 outstanding as of June 30, 2018 and June 30, 2017, respectively 46,429 4,578
Additional paid-in capital 38,167,877 32,980,420
Accumulated other comprehensive income (loss) 357,929 (141,749)
Accumulated deficit (45,282,678) (38,243,523)
Treasury stock (46,477) (46,477)
TOTAL STOCKHOLDERS' DEFICIT (6,751,920) (5,441,751)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 71,387 95,069
Series A Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock, 1,500,005 shares authorized, $0.01 par value: 5,000 5,000
TOTAL STOCKHOLDERS' DEFICIT 5,000 5,000
Series B Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock, 1,500,005 shares authorized, $0.01 par value:
TOTAL STOCKHOLDERS' DEFICIT