Income Statement

v3.8.0.1
Condendsed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
REVENUES        
Advertising revenues $ 185,317 $ 344,017
Hardware revenues 17,223 32,973 110,195
Hardware revenues - related party 1,196,552
Software revenues - related party 66,456
TOTAL REVENUES 17,223 185,317 32,973 1,717,220
COST OF REVENUES 38,858 55,272 294,971 1,896,255
GROSS (LOSS) PROFIT (21,635) 130,045 (261,998) (179,035)
EXPENSES        
General and administrative 621,486 833,681 2,317,285 2,350,220
Research and development 31,037 37,934 120,148 257,838
TOTAL OPERATING EXPENSES 652,523 871,615 2,437,433 2,608,058
LOSS FROM OPERATIONS (674,158) (741,570) (2,699,431) (2,787,093)
OTHER INCOME (EXPENSE)        
Change in fair value of warrant and derivative liability 28,919 (18,584) 189,689 43,834
Debt modification expense (40,000)
Gain on debt extinguishment (10,267)   (10,267)  
Loss on settlement of debt (48,000)
Gain on settlement 4,189,808 4,189,808
Gain on sale of fixed assets 410,605 410,605
Amortization of debt and warrant discount and financing costs (795,189) (690,998) (2,041,466) (1,608,708)
Interest expense (252,922) (204,120) (917,886) (756,442)
TOTAL OTHER INCOME (EXPENSE) 3,591,488 (913,702) 1,801,107 (2,369,316)
INCOME (LOSS) BEFORE INCOME TAXES 2,917,330 (1,655,272) (898,414) (5,156,409)
Income tax expense
NET INCOME (LOSS) $ 2,917,330 $ (1,655,272) $ (898,414) $ (5,156,409)
NET INCOME (LOSS) PER COMMON SHARE        
Basic and diluted $ 0.20 $ (0.02) $ (0.01) $ (0.05)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic and diluted 146,861,920 106,217,807 141,310,545 99,364,166

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