Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Jun. 30, 2016
CURRENT ASSETS:    
Cash $ 42,918 $ 121,070
GST tax receivable 10,368 29,355
Prepaid expenses and other current assets 69,252 210,122
Prepaid rent - related party 0 2,220
TOTAL CURRENT ASSETS 122,538 362,767
Security deposit 0 1,628
Security deposit - related party 2,159 2,220
Property and equipment, net 11,141 12,527
TOTAL ASSETS 135,838 379,142
CURRENT LIABILITIES:    
Accounts payable 441,769 250,403
Accounts payable - related parties 76,435 119,690
Accrued expenses and other payables 323,901 137,487
Convertible notes and related accrued interest, net of discount and premiums 1,824,170 1,202,523
Loans payable 2,159 2,220
Embedded conversion option liabilities 1,100,368 994,343
Warrant derivative liability 19,543 55,839
Due to directors - related parties 33,008 33,943
Loans from directors and officer - related parties 53,258 54,767
Employee benefit liability 101,879 93,220
TOTAL CURRENT LIABILITIES 3,976,490 2,944,435
Commitments and Contingencies (See Note 7)
STOCKHOLDERS' DEFICIT:    
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 867,281,734 and 728,616,312 shares issued and outstanding as of December 31, 2016 and June 30, 2016, respectively 867,282 728,617
Additional paid-in capital 30,137,809 26,945,849
Accumulated other comprehensive income 388,162 131,264
Accumulated deficit (35,238,905) (30,376,023)
TOTAL STOCKHOLDERS' DEFICIT (3,840,652) (2,565,293)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 135,838 379,142
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