Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Cash Flow

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Consolidated Statement of Cash Flow - USD ($)
 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (367,134) $ (1,144,325)
Adjustments to reconcile net loss to net cash used in operations activities:    
Stock issued for services 65,490 $ 1,019,640
Increase in sales allowance 12,923
(Increase) decrease in accounts receivable (47,421) $ 7
(Increase) decrease in inventory 25,479 (72,415)
Increase in other current assets (3,586) (1,500)
Increase in accounts payable 70,666 15,648
Increase (decrease) in accrued expenses 45,894 10,910
Increase (decrease) in deferred revenue (457) 457
Net cash used in operating activities (198,146) (171,577)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the sale of stock 164,500 $ 223,000
Short-term borrowings-related party 5,000
Repayment of short-term debt (4,323) $ (3,308)
Net cash provided by financing activities 165,177 219,692
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (32,969) 48,115
Cash and cash equivalents, beginning of year 49,028 913
Cash and cash equivalents, end of year $ 16,059 $ 49,028
Supplemental Disclosure of Cash Flow Information:    
Cash Paid For:
Interest $ 743 $ 1,369
Income taxes
Conversion of Debt Principal $ 134,517