Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
REVENUE        
Revenue $ 0 $ 0 $ 0 $ 0
OPERATING EXPENSES        
Administration expenses 1,735,893 996,129 2,740,396 1,845,108
Occupancy expenses 5,991 4,889 14,588 9,827
Research and development 167,202 142,803 328,399 296,277
TOTAL OPERATING EXPENSES 1,909,086 1,143,821 3,083,383 2,151,212
LOSS FROM OPERATIONS (1,909,086) (1,143,821) (3,083,383) (2,151,212)
OTHER INCOME (EXPENSE)        
Interest expense (1,255,627) (1,155,645) (1,727,014) (1,574,289)
Interest income 5 0 13 2,027
Change in fair value of derivative liabilities (38,980) (1,347,743) 330,393 (551,890)
Gain (loss) on debt settlements, net (131,902) (58,893) (131,557) (58,893)
Foreign currency transaction gain (loss) (425,323) 72,035 (251,334) (138,704)
TOTAL OTHER INCOME (EXPENSE) (1,851,827) (2,490,246) (1,779,499) (2,321,749)
LOSS BEFORE INCOME TAXES (3,760,913) (3,634,067) (4,862,882) (4,472,961)
INCOME TAX BENEFIT 0 72,000 0 72,000
NET LOSS (3,760,913) (3,562,067) (4,862,882) (4,400,961)
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation gain (loss) 481,717 (146,551) 256,898 111,879
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 481,717 (146,551) 256,898 111,879
TOTAL COMPREHENSIVE LOSS $ (3,279,196) $ (3,708,618) $ (4,605,984) $ (4,289,082)
BASIC AND DILUTED NET LOSS PER SHARE $ (0.00) $ (0.01) $ (0.01) $ (0.01)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 831,755,755 399,822,354 799,533,647 375,025,485