Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.8.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 4,684,567 $ 1,710,512
Other receivable 150,617 232,597
Lease payments receivable - short term 60,571 59,319
Prepaid expenses 369,377 472,489
Total current assets 5,265,132 2,474,917
Fixed assets, net of accumulated depreciation 4,358 2,315
Other assets 21,961 21,961
Lease payments receivable - long term 322,110 337,730
Total assets 5,613,561 2,836,923
Current liabilities:    
Accounts payable 350,542 529,558
Accrued expenses 407,307 394,558
Note payable 194,164 276,670
Derivative liabilities 2,518,011 175,853
Total current liabilities 3,470,024 1,376,639
Promissory notes payable, net of discount of $3,801,125 678,875
Total liabilities 4,148,899 1,376,639
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value, 200,000,000 shares authorized, no shares issued or outstanding
Common stock, $0.001 par value,100,000,000 shares authorized, 12,545,120 and 12,528,374 shares issued and outstanding, respectively 12,545 12,528
Additional paid-in capital 87,817,258 86,831,211
Accumulated deficit (86,365,141) (85,383,455)
Total stockholders' equity 1,464,662 1,460,284
Total liabilities and stockholders' equity 5,613,561 2,836,923
Class A convertible preferred stock    
Stockholders' equity:    
Preferred stock, $0.001 par value, 200,000,000 shares authorized, no shares issued or outstanding