Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Jun. 30, 2016
CURRENT ASSETS:    
Cash $ 24,913 $ 121,070
GST tax receivable 9,948 29,355
Prepaid expenses and other current assets 129,511 210,122
Prepaid rent - related party 2,300 2,220
TOTAL CURRENT ASSETS 166,672 362,767
Security deposit 0 1,628
Security deposit - related party 2,300 2,220
Property and equipment, net 12,423 12,527
TOTAL ASSETS 181,395 379,142
CURRENT LIABILITIES:    
Accounts payable 326,096 370,093
Accrued expenses and other payables 83,340 137,487
Convertible notes and related accrued interest, net of discount and premiums 546,571 1,202,523
Loans payable 2,300 2,220
Embedded conversion option liabilities 795,658 994,343
Warrant derivative liability 36,934 55,839
Due to directors - related parties 35,163 33,943
Loans from directors and officer - related parties 56,736 54,767
Employee benefit liability 102,551 93,220
TOTAL CURRENT LIABILITIES 1,985,349 2,944,435
Commitments and Contingencies (See Note 7)
STOCKHOLDERS' DEFICIT:    
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 793,924,744 and 728,616,312 shares issued and outstanding as of September 30, 2016 and June 30, 2016, respectively 793,925 728,617
Additional paid-in capital 28,968,668 26,945,849
Accumulated other comprehensive (loss) income (93,555) 131,264
Accumulated deficit (31,477,992) (30,376,023)
TOTAL STOCKHOLDERS' DEFICIT (1,803,954) (2,565,293)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 181,395 379,142
Series A Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock value 5,000 5,000
Series B Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock value $ 0 $ 0