Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.7.0.1
Subsequent Events
9 Months Ended
Mar. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events
12. Subsequent Events ● 

The Company entered into a convertible promissory note and security purchase agreement on May 10 which was funded on May 15, 2017 in the amount of $80,000.  The lender was Auctus Fund, LLC.  The note is not convertible until six months from issuance and is convertible at a discount to the then market price of the note as set forth in the note. The Registrant plans to prepay the notes from its equity purchase agreement previously reported on Form 8-K, filed on February 13, 2017. After discounts, expenses and other fees due the lender, the Registrant received net proceeds of $71,250 which was applied to working capital. 

       
    The Company entered into a convertible promissory note and security purchase agreement on May 16, 2017 which has not yet funded as of the date of this filing, but is expected to fund by May 19, 2017 in the amount of $75,000.  The lender was EMA Financial, LLC.  The note is not convertible until six months from issuance and is convertible at a discount to the then market price of the note as set forth in the note. The Registrant plans to prepay the notes from its equity purchase agreement previously reported on Form 8-K, filed on February 13, 2017. After discounts, expenses and other fees due the lender, the Registrant received net proceeds of $67,000 which was applied to working capital.
       
    On  May 10, 2017, the Company entered into a Consulting Agreement with Common Thread Collective, LLC for online advertising, digital marketing, website development, content creation, and celebrity influencer strategies and services. The agreement calls for upfront development fees and a monthly retainer, along with accelerated stock bonuses which begin if Consultant helps the Company achieve a minimum online revenue target of $10,000,000 for calendar 2018.