Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]    
Revenues $ 196,742 $ 21,644
Operating expenses    
Cost of product sold 116,158 31,798
Advertising and promotional 189,352 12,319
Selling, general and administrative 551,962 239,856
Professional Fees 1,177,318 449,485
Total operating expenses 2,034,790 733,458
Loss from operations (1,838,048) (711,814)
Other expenses    
Interest expense - bank debt 223 714
Interest expense - shareholder 20,487 5,501
Interest expense - other 1,088,400 153,366
Change in fair value of derivative liability 88,329 44,022
Amortization of Beneficial Conversion Feature 2,193,891
Other Expense 10,115
Total other expenses 3,401,445 203,603
Provision for income tax
Net loss $ (5,239,493) $ (915,417)
Basic and diluted net loss per common share $ (0.15) $ (0.03)
Weighted average shares of capital outstanding - basic and diluted 35,544,034 29,020,192