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

CONSOLIDATED BALANCE SHEETS

v3.3.0.814
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Jun. 30, 2014
CURRENT ASSETS:      
Cash $ 77,458 $ 107,627 $ 87,799
GST tax receivable 15,109 11,647 946
Prepaid expenses and other current assets 207,347 502,616 25,000
TOTAL CURRENT ASSETS 299,914 621,890 113,745
Security deposit 1,535 1,684 0
Property and equipment, net 3,672 3,494 0
TOTAL ASSETS 305,121 627,068 113,745
CURRENT LIABILITIES:      
Accounts payable 303,127 236,466 350,004
Accrued expenses and other payables 429,198 386,311 422,326
Convertible notes and related accrued interest, net 2,148,900 1,794,375 272,424
Loans payable 6,278 27,558 33,909
Embedded conversion option liabilities 350,063 780,281 0
Warrant derivative liability 86,662 269,648 158,244
Due to directors - related parties 31,994 35,108 60,350
Loans from directors and officer - related parties 59,360 79,416 161,975
Employee benefit liability 71,883 71,421 62,827
TOTAL CURRENT LIABILITIES $ 3,487,465 $ 3,680,584 $ 1,522,059
Commitments and Contingencies
STOCKHOLDERS' DEFICIT:      
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 356,624,597 and 347,442,013 shares issued and outstanding as of September 30, 2015 and June 30, 2015, respectively $ 356,625 $ 347,442 $ 72,685
Additional paid-in capital 17,901,198 17,458,745 16,374,781
Accumulated other comprehensive income (loss) 359,398 100,968 (302,863)
Accumulated deficit (21,804,565) (20,965,671) (17,552,917)
TOTAL STOCKHOLDERS' DEFICIT (3,182,344) (3,053,516) (1,408,314)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 305,121 627,068 113,745
Series A Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT:      
Preferred stock value 5,000 5,000 0
TOTAL STOCKHOLDERS' DEFICIT   5,000 0
Series B Preferred Stock [Member]      
STOCKHOLDERS' DEFICIT:      
Preferred stock value $ 0 0 0
TOTAL STOCKHOLDERS' DEFICIT   $ 0 $ 0