Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.3
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]    
Revenues $ 352,172 $ 196,742
Operating expenses    
Cost of product sold 190,251 116,158
Advertising and promotional 732,297 189,352
Selling, general and administrative 559,996 551,962
Professional Fees 781,178 1,177,318
Total operating expenses 2,263,722 2,034,790
Loss from operations (1,911,550) (1,838,048)
Other expenses    
Interest expense - bank debt 223
Interest expense - shareholder 95,805 20,487
Interest expense - other 83,223 221,730
Change in fair value of derivative liability 712,627 954,999
Amortization of Beneficial Conversion Feature 1,794,359 2,193,891
Other Expense 779 10,115
Total other expenses 2,686,793 3,401,445
Provision for income tax
Net loss $ (4,598,343) $ (5,239,493)
Basic and diluted net loss per common share $ (0.09) $ (0.15)
Weighted average shares of capital outstanding - basic and diluted 47,827,114 35,544,034