Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,125,722) $ (4,862,882)
Adjustments to Reconcile Net loss to Net Cash Used in Operating Activities:    
Issuance and amortization of common stock for services 40,419 437,235
Issuance of convertible promissory notes for services 310,000 250,000
Warrant modification expense 23,495
Gain on settlement of accounts payable (36,814) 131,900
Foreign currency transaction loss 9,152 251,334
Depreciation expense 1,128 1,091
Amortization of debt discount 400,284 1,371,171
Change in fair value of derivative liabilities 229,771 (330,393)
Loss on extinguishment of debt 83,727
Stock option expense 329,761 989,285
Accretion of put premium 876,462 319,103
Changes in Assets and Liabilities:    
GST receivable 3,862 19,047
Prepaid expenses and other assets 4,897
Prepaid expenses and other assets - related parties 2,262
Accounts payable 952,931 85,790
Accounts payable - related parties 80,089
Employee benefit liability 12,160 11,765
Payment for security deposit 1,659
Accrued expenses (265,568) 199,295
Accrued interest 102,224 14,126
NET CASH USED IN OPERATING ACTIVITIES (1,071,326) (1,004,628)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible promissory notes 1,274,000 495,000
Proceeds from the exercise of warrants 464,285
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,274,000 959,285
Effect of exchange rate changes on cash (159,221) (32,809)
NET INCREASE (DECREASE) IN CASH 43,453 (78,152)
CASH AT BEGINNING OF PERIOD 69,043 121,070
CASH AT END OF PERIOD 112,496 42,918
Supplemental Disclosure of Cash Flow Information    
Interest
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Cancellation of shares for convertible note payable 112,500
Reduction of put premium related to conversions of convertible note 337,437 89,591
Conversion of convertible notes and accrued interest to common stock 1,377,928 577,984
Discounts related to warrants issued with convertible debenture 910,178
Discounts related to derivative liability $ 310,000 $ 400,000