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

CONSOLIDATED BALANCE SHEETS

v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Jun. 30, 2014
CURRENT ASSETS:      
Cash $ 1,168,118 $ 107,627 $ 87,799
GST tax receivable 6,808 11,647 946
Prepaid expenses and other current assets 327,785 502,616 25,000
TOTAL CURRENT ASSETS 1,502,711 621,890 113,745
Security deposit 1,606 1,684 0
Property and equipment, net 3,671 3,494 0
TOTAL ASSETS 1,507,988 627,068 113,745
CURRENT LIABILITIES:      
Accounts payable 107,134 236,466 350,004
Accrued expenses and other payables 43,505 386,311 422,326
Convertible notes and related accrued interest, net 1,949,519 1,794,375 272,424
Loans payable 2,189 27,558 33,909
Embedded conversion option liabilities 2,511,405 780,281 0
Warrant derivative liability 82,086 269,648 158,244
Due to directors - related parties 33,471 35,108 60,350
Loans from directors and officer - related parties 54,005 79,416 161,975
Employee benefit liability 80,538 71,421 62,827
TOTAL CURRENT LIABILITIES 4,863,852 $ 3,680,584 1,522,059
Commitments and Contingencies (See Note 7)    
STOCKHOLDERS' DEFICIT:      
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 432,719,886 and 347,442,013 shares issued and outstanding as of December 31, 2015 and June 30, 2015, respectively 432,720 $ 347,442 72,685
Additional paid-in capital 21,360,201 17,458,745 16,374,781
Accumulated other comprehensive income (loss) 212,847 100,968 (302,863)
Accumulated deficit (25,366,632) (20,965,671) (17,552,917)
TOTAL STOCKHOLDERS' DEFICIT (3,355,864) (3,053,516) (1,408,314)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 1,507,988 627,068 113,745
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