Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
REVENUES        
Advertising revenues $ 185,317 $ 344,017
Hardware revenues 19,494 110,195 50,660
Hardware revenues - related party 1,677,462 1,196,552 4,531,287
Service related revenues - related party 157,560 611,735
Software revenues - related party 171,993 66,456 205,223
TOTAL REVENUES 185,317 2,026,509 1,717,220 5,398,905
COST OF REVENUES 55,272 1,654,592 1,896,255 4,476,652
GROSS PROFIT(LOSS) 130,045 371,917 (179,035) 922,253
EXPENSES        
General and administrative 833,681 722,162 2,350,220 1,471,810
Research and development 37,934 119,407 257,838 216,306
TOTAL EXPENSES 871,615 841,569 2,608,058 1,688,116
LOSS FROM OPERATIONS (741,570) (469,652) (2,787,093) (765,863)
OTHER INCOME (EXPENSE)        
Derivative liability expense - insufficient shares (85,960)
Change in fair value of derivative (18,584) 43,834
Gain on forgiveness of debt 597,312
Loss on settlement of debt (48,000)
Amortization of debt and warrant discount and financing costs (690,998) (1,608,708)
Other income (823) 2,053
Interest expense (204,120) (443,268) (756,442) (1,182,116)
TOTAL OTHER INCOME (EXPENSE) (913,702) (444,091) (2,369,316) (668,711)
LOSS BEFORE INCOME TAXES (1,655,272) (913,743) (5,156,409) (1,434,574)
Income tax expense
NET LOSS $ (1,655,272) $ (913,743) $ (5,156,409) $ (1,434,574)
NET LOSS PER COMMON SHARE        
Basic and diluted $ (0.02) $ (0.01) $ (0.05) $ (0.02)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic and diluted 106,217,807 78,773,014 99,364,166 77,797,425