Income Statement

v3.8.0.1
Condendsed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
REVENUES        
Advertising revenues $ 158,700 $ 158,700
Hardware revenues 101,325 15,750 110,195
Hardware revenues - related party 1,196,552 1,196,552
Software revenues - related party 16,614 66,456
TOTAL REVENUES 1,473,191 15,750 1,531,903
COST OF REVENUES 237,246 1,784,956 256,113 1,840,983
GROSS (LOSS) PROFIT (237,246) (311,765) (240,363) (309,080)
EXPENSES        
General and administrative 678,951 693,730 1,695,799 1,516,539
Research and development 40,482 69,772 89,111 219,904
TOTAL OPERATING EXPENSES 719,433 763,502 1,784,910 1,736,443
LOSS FROM OPERATIONS (956,679) (1,075,267) (2,025,273) (2,045,523)
OTHER INCOME (EXPENSE)        
Change in fair value of derivative liability 47,440 2,561 160,770 62,418
Debt modification expense (40,000)
Loss on settlement of debt (48,000) (48,000)
Amortization of debt and warrant discount and financing costs (612,855) (458,855) (1,246,277) (917,710)
Interest expense (291,196) (298,049) (664,964) (552,322)
TOTAL OTHER EXPENSE (856,611) (802,343) (1,790,471) (1,455,614)
LOSS BEFORE INCOME TAXES (1,813,290) (1,877,610) (3,815,744) (3,501,137)
Income tax expense
NET LOSS $ (1,813,290) $ (1,877,610) $ (3,815,744) $ (3,501,137)
NET LOSS PER COMMON SHARE        
Basic and diluted $ (0.01) $ (0.02) $ (0.03) $ (0.04)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic and diluted 140,956,477 98,731,644 138,595,199 95,993,522

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