Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2018
Jun. 30, 2017
Current assets:    
Cash $ 380,196 $ 16,764
Accounts receivable 425
Prepaid expenses 5,000 11,979
Total current assets 385,196 29,168
Deferred financial costs 148,362 201,432
Property and Equipment, net 64,677 70,324
Total assets 598,235 300,924
Current Liabilities:    
Accounts payable and accrued expenses 2,020,742 1,928,983
Related party payable 345,925 483,087
Loans payable 390,981 16,800
Deferred revenue 50,000 50,000
Convertible debentures 601,581 162,821
Derivative liabilities 1,011,857 988,463
Warrant derivative 456,002
Total current liabilities 4,877,088 3,630,154
Deferred revenue, net of current portion 233,333 270,833
Total liabilities 5,110,421 3,900,987
Stockholders’ deficit:    
Preferred stock and paid-in capital in excess of $0.001 par value, 20,000,000 shares authorized, 0 (June 30, 2017 - 0) issued and outstanding
Common stock and paid in capital in excess of $0.001 par value, 250,000,000 shares authorized, 241,890,006 (June 30, 2017 - 133,506,044) issued and outstanding 61,363,720 59,672,609
Share subscriptions and obligations to issue shares 41,250 41,250
Accumulated other comprehensive income 46,267 46,267
Accumulated deficit (65,963,423) (63,360,189)
Total stockholders’ deficit (4,512,186) (3,600,063)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 598,235 $ 300,924