Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Deficit

v3.5.0.2
Consolidated Statements of Stockholders' Deficit - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Jun. 30, 2014 93,274,000      
Balance at Jun. 30, 2014 $ 93,000 $ 7,399,000 $ (8,276,000) $ (784,000)
Issuance of common stock - services (in shares) 240,000      
Issuance of common stock - services   21,000   21,000
Issuance of common stock - private placement (in shares) 5,950,000      
Issuance of common stock - private placement $ 6,000 495,000   501,000
Warrants issued related to debt financing   170,000   170,000
Stock-based compensation   313,000   313,000
Net loss     (2,415,000) (2,415,000)
Balance (in shares) at Jun. 30, 2015 99,464,000      
Balance at Jun. 30, 2015 $ 99,000 8,398,000 (10,691,000) (2,194,000)
Issuance of common stock - services (in shares) 615,000      
Issuance of common stock - services $ 1,000 28,000   29,000
Issuance of common stock - private placement (in shares) 24,375,000      
Issuance of common stock - private placement $ 24,000 938,000   962,000
Stock-based compensation   109,000   109,000
Net loss     (4,571,000) (4,571,000)
Balance (in shares) at Jun. 30, 2016 209,375,000      
Balance at Jun. 30, 2016 $ 209,000 13,195,000 $ (15,262,000) (1,858,000)
Issuance of common stock – conversion of related party debt to equity (in shares) 84,921,000      
Issuance of common stock – conversion of related party debt to equity $ 85,000 3,312,000   3,397,000
Private placement subscription   100,000   100,000
Deferred financing costs related to debt modification   $ 310,000   $ 310,000