4. DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Mar. 31, 2016

Results of Discontinued Operations for the

	Nine Months Ended March 31, 2016									Nine Months Ended March 31, 2015
		IM Business			Infinity			Total			IM Business			Infinity			Total
Revenues	$	31,275		$	—		$	31,275		$	280,575		$	—		$	280,575
Operating expenses		3,939			3,734			7,673			385,277			4,152			389,429
Income (Loss) from operations		27,336			(3,734	)		23,602			(104,702	)		(4,152	)		(108,854	)
Unrealized gain (loss) on marketable securities		—			(19,292	)		(19,292	)		—			(29,563	)		(29,563	)
Loss on Divestiture		(212,563	)		—			(212,563	)		—			—			—

Net Income (Loss)	$	(185,227	)	$	(23,026	)	$	(208,253	)	$	(104,702	)	$	(33,715	)	$	(138,417	)

	Three Months Ended March 31, 2016							Three Months Ended March 31, 2015
		IM Business		Infinity			Total		IM Business			Infinity			Total
Revenues	$	5,871	$	—		$	5,871	$	56,612		$	—		$	56,612
Operating expenses		720		1,225			1,945		120,426			1,301			121,727
Income (Loss) from operations		5,151		(1,225	)		3,926		(63,814	)		(1,301	)		(65,115	)
Unrealized gain on marketable securities		—		14,354			14,354		—			(19,313	)		(19,313	)

Net Income (Loss)	$	5,151	$	13,129		$	18,280	$	(63,814	)	$	(20,614	)	$	(84,428	)

Assets and Liabilities of Discontinued Operations as of

	March 31, 2016						June 30, 2015
		IM Business		Infinity		Total		IM Business		Infinity		Total

Assets

Cash	$	—	$	—	$	—	$	—	$	—	$	—
Prepaid expenses		—		—		—		—		—		—
Marketable securities		—		61,479		61,479		—		80,771		80,771

Total Current Assets		—		61,479		61,479		—		80,771		80,771

Intangible Assets		—		—		—		35,680		—		35,680
Goodwill		—		—		—		255,495		—		255,495

Total Assets of Discontinued Operations	$	—	$	61,479	$	61,479	$	291,175	$	80,771	$	371,946

Liabilities

Accounts payable	$	—	$	19,375	$	19,375	$	—	$	19,375	$	19,375
Accrued expenses		—		71,466		71,466		—		67,732		67,732
Notes payable		—		49,550		49,550		—		51,550		51,550
Due to related parties		—		21,000		21,000		—		21,000		21,000

Total Liabilities of Discontinued Operations	$	—	$	161,391	$	161,391	$	—	$	159,657	$	159,657

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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