Income Statement

v3.6.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
REVENUES        
Advertising revenues $ 158,700 $ 158,700
Hardware revenues 101,325 6,724 110,195 31,166
Hardware revenues - related party 1,196,552 2,011,404 1,196,552 2,853,825
Service related revenues - related party 150,572 454,175
Software revenues - related party 16,614 33,230 66,456 33,230
TOTAL REVENUES 1,473,191 2,201,930 1,531,903 3,372,396
COST OF REVENUES 1,784,956 1,902,108 1,840,983 2,822,060
GROSS PROFIT(LOSS) (311,765) 299,822 (309,080) 550,336
EXPENSES        
General and administrative 693,830 451,452 1,516,539 749,648
Research and development 69,772 64,830 219,904 96,899
TOTAL EXPENSES 763,502 516,282 1,736,443 846,547
LOSS FROM OPERATIONS (1,075,267) (216,460) (2,045,523) (296,211)
OTHER INCOME (EXPENSE)        
Derivative liability expense - insufficient shares (85,960)
Change in fair value of derivative 2,561 62,418
Gain on forgiveness of debt 597,312
Loss on settlement of debt (48,000) (48,000)
Amortization of debt and warrant discount and financing costs (458,855) (917,710)
Other income 2,876
Interest expense (298,049) (386,544) (552,322) (738,848)
TOTAL OTHER INCOME (EXPENSE) (802,343) (386,544) (1,455,614) (224,620)
LOSS BEFORE INCOME TAXES (1,877,610) (603,004) (3,501,137) (520,831)
Income tax expense
NET LOSS $ (1,877,610) $ (603,004) $ (3,501,137) $ (520,831)
NET LOSS PER COMMON SHARE        
Basic and diluted $ (0.02) $ (0.01) $ (0.04) $ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic and diluted 98,731,644 77,759,535 95,993,522 77,314,933

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