Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 887,494 $ 2,238,943
Other receivable 7,617
Lease payments receivable - short-term 65,846 64,486
Prepaid expenses 316,818 426,921
Total current assets 1,270,158 2,737,967
Fixed assets, net of accumulated depreciation 10,676 12,080
Other assets 18,908 24,788
Lease payments receivable - long-term 256,264 273,244
Total assets 1,556,006 3,048,079
Current liabilities:    
Accounts payable 1,019,357 765,439
Accrued expenses 966,161 659,455
Units to be issued 404,500
Notes payable 200,204 285,170
Derivative liabilities 4,513,175 4,194,634
Total current liabilities 7,103,397 5,904,698
Promissory notes payable, net of discount of $4,012,023 and $4,548,543 3,192,977 2,656,457
Total liabilities 10,296,374 8,561,155
Commitments and contingencies
Stockholders' equity:    
Preferred stock value
Common stock, $0.001 par value,100,000,000 shares authorized, 12,549,870 and 12,549,870 shares issued and outstanding, respectively 12,550 12,550
Additional paid-in capital 88,971,482 88,818,681
Accumulated deficit (97,724,400) (94,344,307)
Total stockholders' equity (deficit) (8,740,368) (5,513,076)
Total liabilities and stockholders' equity (deficit) 1,556,006 3,048,079
Class A Convertible Preferred Stock    
Stockholders' equity:    
Preferred stock value