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

CONSOLIDATED BALANCE SHEETS

v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Jun. 30, 2015
Jun. 30, 2014
CURRENT ASSETS:      
Cash $ 1,479,026 $ 107,627 $ 87,799
GST tax receivable 21,628 11,647 946
Prepaid expenses and other current assets 117,096 502,616 25,000
TOTAL CURRENT ASSETS 1,617,750 621,890 113,745
Security deposit 1,687 1,684 0
Property and equipment, net 3,678 3,494 0
TOTAL ASSETS 1,623,115 627,068 113,745
CURRENT LIABILITIES:      
Accounts payable 159,323 236,466 350,004
Accrued expenses and other payables 60,627 386,311 422,326
Convertible notes and related accrued interest, net 999,089 1,794,375 272,424
Loans payable 2,300 27,558 33,909
Embedded conversion option liabilities 3,659,506 780,281 0
Warrant derivative liability 80,630 269,648 158,244
Due to directors - related parties 35,168 35,108 60,350
Loans from directors and officer - related parties 56,743 79,416 161,975
Employee benefit liability 90,602 71,421 62,827
TOTAL CURRENT LIABILITIES 5,143,988 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; 602,454,054 and 347,442,013 shares issued and outstanding as of March 31, 2016 and June 30, 2015, respectively 602,455 347,442 72,685
Additional paid-in capital 23,415,658 17,458,745 16,374,781
Accumulated other comprehensive income (loss) (25,445) 100,968 (302,863)
Accumulated deficit (27,518,541) (20,965,671) (17,552,917)
TOTAL STOCKHOLDERS' DEFICIT (3,520,873) (3,053,516) (1,408,314)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 1,623,115 627,068 113,745
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