Cash Flow

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (898,414) $ (5,156,409)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on the sale of fixed assets (410,605)
Gain on settlement (4,189,808)
Gain on debt extinguishment (10,267)  
Non-cash compensation 110,000 424,390
Loss on debt settlement 48,000
Debt modification expense 40,000
Depreciation expense 36,640 6,875
Inventory reserve 130,000
Amortization 1,872 1,872
Amortization of prepaid financing cost 327,729 622,329
Amortization of prepaid expenses 396,529
Amortization of debt discount 1,258,647 669,136
Amortization of warrant discount 95,433 212,910
Fair value of options expense 554,184 4,496
Fair value of warrants expense 530 30,626
Change in the fair value of warrant and derivative liability (189,689) (43,834)
Non-cash interest expense 359,657 104,334
Non-cash interest expenses paid by promissory noteholder on behalf of the Company 87,485
Changes in operating assets and liabilities:    
Accounts receivable (6,700) (12,000)
Inventory (498,545) 1,307,377
Prepaid expenses (100,000)
Accounts payable and accrued liabilities 991,650 (188,771)
Preferred stock liability 10 (100)
Payroll taxes, interest and penalties 169,937 32,110
Accrued interest 588,221 234,520
Unearned revenue (1,362,009)
NET CASH USED IN OPERATING ACTIVITIES (1,552,033) (2,667,619)
CASH FLOWS FROM INVESTING ACTIVITIES:    
NET CASH USED IN INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible notes payable, net of fees 882,801 355,000
Payments on debt settlement (16,795)
Payments on promissory notes (5,000) 61,500
Proceeds from promissory notes, net of fees 103,495
Proceeds from the sale of common stock, net of fees 260,000 730,000
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES 1,241,296 1,129,705
NET DECREASE IN CASH AND CASH EQUIVALENTS (310,737) (1,537,914)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 310,749 2,175,543
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 12 637,629
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 146,232 521,923
Taxes paid
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of shares of common stock for debt and accrued interest conversion 229,410 1,555,581
Fair value of warrant issued for debt discount and deferred financing cost 264,446
Common stock to be issued now issued 26,250 254,166
Derivative liability reclass into additional paid in capital upon notes conversion 120,495 125,710
Payment of promissory note with issuance of promissory note 500,000
Derivative liability reclass into additional paid in capital upon notes repayment 219,672
Initial warrant and derivative liability and debt discount at the issuance of notes 735,755 409,240
Debt discount on promissory note issuance 50,000 61,500
Convertible note reclassified into promissory notes 15,000
Proceeds from promissory notes directly paid to convertible notes, accrued payable and expenses on behalf of the Company 329,020
Proceeds from convertible notes directly paid to accounts payable and expenses on behalf of the Company 76,000
Debt discount on modified convertible note 80,000
Shares issued in conjunction with convertible note issuance accounted as debt discount on shares 17,500
Shares issued in conjunction with cashless warrant exercise $ 159

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