Balance Sheet

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Jun. 30, 2017
CURRENT ASSETS    
Cash $ 12 $ 310,749
Accounts receivable 6,700
Inventory, net 2,151,290 2,201,759
Prepaid expenses 296,240 196,240
Other current assets 3,000 3,000
TOTAL CURRENT ASSETS 2,457,242 2,711,748
PROPERTY AND EQUIPMENT, net of accumulated depreciation 2,942,749 17,569
INTANGIBLES, net of accumulated amortization 168,357 170,229
TOTAL ASSETS 5,568,348 2,899,546
CURRENT LIABILITIES    
Accounts payable and accrued expenses 3,680,094 2,753,444
Payroll taxes, interest and penalties 833,777 663,840
Accrued interest 3,128,035 2,557,435
Unearned revenue 2,057,607
Warrants and Derivative liability 973,864 408,286
Current portion of convertible debt, net of unamortized debt discount of $468,955 and $660,141 and net of unamortized warrant discount of $6,110 and $79,783 and net of financing costs of $125,561 and $322,229, respectively 8,124,415 7,216,032
Notes payable, net of unamortized debt discount of $-0- and $74,821, respectively 865,000 220,179
Nonconvertible Series B Preferred Stock, related party 10
TOTAL CURRENT LIABILITIES 17,605,195 15,876,823
Convertible debt, net of current portion, net of unamortized debt discount of $121,378 and $-0- and net of unamortized share discount of $16,015 and $-0, respectively 12,607
TOTAL LIABILITIES 17,617,802 15,876,823
STOCKHOLDERS' DEFICIT    
Common stock, par value $0.001 per share Authorized -400,000,000 shares - issued and outstanding - 152,671,220 and 134,431,613, respectively 152,672 134,432
Common stock to be issued for services and cash, par value $0.001 per share, 2,165,789 and 475,000, respectively 93,000 34,250
Additional paid-in capital 30,736,678 28,987,431
Less receivable for stock (50,000) (50,000)
Accumulated deficit (42,981,804) (42,083,390)
TOTAL STOCKHOLDERS' DEFICIT (12,049,454) (12,977,277)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 5,568,348 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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