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

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS
 3 Months Ended 12 Months Ended
Sep. 30, 2015
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (838,894) $ (783,300) $ (3,412,754) $ (829,564)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:        
Issuance of common stock for services and voluntary ratchet 458,331 69,726 276,792 237,833
Issuance of preferred stock for services     1,067 0
Fair value of warrants issued for services     51,488 0
(Gain) loss on settlement 0 405,002 (375,547) 0
Settlement fees paid in the form of debt     150,000 0
Amortization of prepaid shares issued for services     0 6,667
Foreign currency transaction loss (10,784) 0 31,548 0
Depreciation expense 171 0 81 538
Amortization of debt discount 206,935 98,013 295,795 49,029
Change in fair value of derivative liabilities (795,853) (114,536) 541,981 16,522
Promissory note payable issued for services 0 50,000    
Accretion of put premium 154,198 83,636 1,044,196 27,187
Original issue discount 0 2,500    
Changes in Assets and Liabilities:        
GST receivable (4,495) (1,705) (10,879) 0
Prepaid expenses and other assets 8,192 (7,117) (74,303) 294
Accounts payable 87,636 79,500 (47,977) 94,607
Employee benefit liability 6,797 1,920 20,362 11,598
Accrued expenses 77,152 16,551 115,941 158,847
Accrued interest 23,379 0 (34,270) 0
NET CASH USED IN OPERATING ACTIVITIES (627,235) (99,810) (1,426,479) (226,442)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Payment for security deposit     (1,684) 0
Purchase of equipment (679) 0 (3,901) 0
NET CASH USED IN INVESTING ACTIVITIES (679) 0 (5,585) 0
CASH FLOWS FROM FINANCING ACTIVITIES:        
Bank overdraft     0 (6)
Loan repayments to principal stockholder (13,549) (8,725) (28,455) (45,512)
Loan repayments (19,613) 0    
Investor advances - related party 0 2,164    
Proceeds from convertible promissory notes 552,500 22,700 1,438,500 273,959
Repayments of convertible promissory notes (104,000) 0 (157,000) 0
Proceeds from issuance of common stock for cash     29,000 0
Loan proceeds     0 10,542
Loan proceeds from principal stockholder     0 72,158
NET CASH PROVIDED BY FINANCING ACTIVITIES 415,338 16,139 1,282,045 311,141
Effect of exchange rate changes on cash 182,407 385 169,847 3,100
NET INCREASE (DECREASE) IN CASH (30,169) (83,286) 19,828 87,799
CASH AT BEGINNING OF PERIOD 107,627 87,799 87,799 0
CASH AT END OF PERIOD 77,458 4,513 107,627 87,799
Cash paid during the period:        
Interest 0 0 0 0
Income Tax 0 0 0 0
Supplemental Disclosure of Non-Cash Investing and Financing Activities        
Common stock issued for settlement of debt     152,285 0
Prepaid common stock issued for services 18,139 0 269,682 6,667
Prepaid warrants issued for services     138,314 0
Reduction of put premium related to conversions of convertible note 122,727 0 71,370 0
Conversion of accrued expenses to common stock     0 27,500
Conversion of convertible notes and accrued interest to common stock 278,487 152,102 374,771 0
Discounts related to warrants issued with convertible debenture     0 133,095
Discounts related to lender costs 0 27,500 48,500 30,000
Discounts related to derivative liability 200,000 0 305,000 0
Conversion of loan payable to convertible debenture     0 27,963
Conversion of loan payable to common stock $ 0 $ 67,892 66,389 0
Prepaid settlement fee paid through issuance of convertible note     $ 0 $ 25,000