Balance Sheet

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Jun. 30, 2017
CURRENT ASSETS    
Cash $ 131,494 $ 310,749
Inventory, net 2,180,104 2,201,759
Prepaid expenses 196,240 196,240
Other current assets 3,000 3,000
TOTAL CURRENT ASSETS 2,510,838 2,711,748
PROPERTY AND EQUIPMENT, net of accumulated depreciation 12,986 17,569
INTANGIBLES, net of accumulated amortization 168,981 170,229
TOTAL ASSETS 2,692,805 2,899,546
CURRENT LIABILITIES    
Accounts payable and accrued expenses 3,297,860 2,753,444
Payroll taxes, interest and penalties 784,916 663,840
Accrued interest 2,883,266 2,557,435
Unearned revenue 2,057,607 2,057,607
Derivative liability 605,221 408,286
Current portion of convertible debt, net of unamortized debt discount of $500,552 and $660,141 and net of unamortized warrant discount of $12,379 and $79,783 and net of financing costs of $104,338 and $322,229, respectively 7,723,416 7,216,032
Notes payable, net of unamortized debt discount of $107,823 and $74,821, respectively 757,177 220,179
Nonconvertible Series B Preferred Stock, related party 10
TOTAL CURRENT LIABILITIES 18,109,473 15,876,823
Convertible debt, net of current portion, net of unamortized debt discount of $132,258 and $-0- and net of unamortized share discount of $17,452 and $-0, respectively 290
TOTAL LIABILITIES 18,109,763 15,876,823
STOCKHOLDERS' DEFICIT    
Common stock, par value $0.001 per share Authorized -400,000,000 shares - issued and outstanding - 142,857,067 and 134,431,613, respectively 142,857 134,432
Common stock to be issued for services and cash, par value $0.001 per share, 1,415,789 and 475,000, respectively 58,000 34,250
Additional paid-in capital 30,331,319 28,987,431
Less receivable for stock (50,000) (50,000)
Accumulated deficit (45,899,134) (42,083,390)
TOTAL STOCKHOLDERS' DEFICIT (15,416,958) (12,977,277)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 2,692,805 2,899,546
Series A preferred stock    
STOCKHOLDERS' DEFICIT    
Preferred stock value
Series B preferred stock    
STOCKHOLDERS' DEFICIT    
Preferred stock value

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