Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (915,417) $ (726,596)
Adjustments to reconcile net loss to net cash used in operations activities:    
Stock issued for services 186,800 293,875
Amortization of debt discount and deferred financing fees 153,366
Change in derivative liability 44,022
Stock issued as part of loan agreement 5,000 7,000
Increase in sales allowance 9,758
Change in operating assets and liabilities    
Accounts receivable 977 23,411
Inventories 25,841 (74,770)
Other current assets (2,091) 3,686
Accounts payable 40,519 68,220
Accrued expenses 72,000 72,000
Net cash used in operating activities (388,984) (323,415)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the sale of common stock 10,001 297,500
Proceeds from the issuance of debt-net 414,250
Advance from shareholders 21,984 19,000
Repayment to shareholders (44,989)
Repayment of related party advance (3,417) (3,663)
Net cash provided by financing activities 397,829 312,837
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 8,845 (10,578)
Cash and cash equivalents, beginning of year 5,481 16,059
Cash and cash equivalents, end of year 14,326 5,481
Cash Paid For:    
Interest 1,214 1,267
Income taxes
Summary of Non-Cash Investing and Financing Information:    
Debt discount due to beneficial conversion feature 430,000
Value of embedded derivative liabilities $ 101,511