Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Deficit

v3.7.0.1
Consolidated Statements of Changes in Stockholders' Deficit - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Jun. 30, 2015 9,946,000      
Balance at Jun. 30, 2015 $ 10,000 $ 8,487,000 $ (10,691,000) $ (2,194,000)
Issuance of common stock – conversion of related party debt to equity (in shares) 8,492,000      
Issuance of common stock – conversion of related party debt to equity $ 9,000 3,388,000   3,397,000
Issuance of common stock - services (in shares) 62,000      
Issuance of common stock - services   29,000   29,000
Issuance of common stock - private placement transactions, net (in shares) 2,438,000      
Issuance of common stock - private placement transactions, net $ 2,000 1,060,000   1,062,000
Deferred financing costs related to debt modification   310,000   310,000
Stock based compensation   109,000   109,000
Net loss     (4,571,000) (4,571,000)
Balance at Jun. 30, 2016 $ 21,000 13,383,000 (15,262,000) (1,858,000)
Balance (in shares) at Jun. 30, 2016 20,938,000      
Issuance of common stock – conversion of related party debt to equity (in shares) 1,000,000      
Issuance of common stock – conversion of related party debt to equity $ 1,000 399,000   400,000
Issuance of common stock - services (in shares) 46,000      
Issuance of common stock - services   19,000   19,000
Issuance of common stock - private placement transactions, net (in shares) 2,938,000      
Issuance of common stock - private placement transactions, net $ 3,000 1,072,000   1,075,000
Warrants exchanged for common stock (in shares) 163,000      
Warrants exchanged for common stock 10,000   10,000
Stock based compensation   40,000   40,000
Net loss     (4,435,000) (4,435,000)
Balance at Jun. 30, 2017 $ 25,000 $ 14,923,000 $ (19,697,000) $ (4,749,000)
Balance (in shares) at Jun. 30, 2017 25,085,000