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CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2016 | Jun. 30, 2015
--- | --- | ---
CURRENT ASSETS: |  |
Cash | $ 121,070 | $ 107,627
GST tax receivable | 29,355 | 11,647
Prepaid expenses and other current assets | 210,122 | 502,616
Prepaid rent - related party | 2,220 | 0
TOTAL CURRENT ASSETS | 362,767 | 621,890
Security deposit | 1,628 | 1,684
Security deposit - related party | 2,220 | 0
Property and equipment, net | 12,527 | 3,494
TOTAL ASSETS | 379,142 | 627,068
CURRENT LIABILITIES: |  |
Accounts payable | 370,093 | 236,466
Accrued expenses and other payables | 137,487 | 386,311
Convertible notes and related accrued interest, net of discount and premiums | 1,202,523 | 1,794,375
Loans payable | 2,220 | 27,558
Embedded conversion option liabilities | 994,343 | 780,281
Warrant derivative liability | 55,839 | 269,648
Due to directors - related parties | 33,943 | 35,108
Loans from directors and officer - related parties | 54,767 | 79,416
Employee benefit liability | 93,220 | 71,421
TOTAL CURRENT LIABILITIES | 2,944,435 | 3,680,584
Commitments and Contingencies (See Note 9) |  |
STOCKHOLDERS' DEFICIT: |  |
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 728,616,312 and 347,442,013 shares issued and outstanding as of June 30, 2016 and June 30, 2015, respectively | 728,617 | 347,442
Additional paid-in capital | 26,945,849 | 17,458,745
Accumulated other comprehensive income | 131,264 | 100,968
Accumulated deficit | (30,376,023) | (20,965,671)
TOTAL STOCKHOLDERS' DEFICIT | (2,565,293) | (3,053,516)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | 379,142 | 627,068
Series A Preferred Stock [Member] |  |
STOCKHOLDERS' DEFICIT: |  |
Preferred stock value | 5,000 | 5,000
TOTAL STOCKHOLDERS' DEFICIT | 5,000 | 5,000
Series B Preferred Stock [Member] |  |
STOCKHOLDERS' DEFICIT: |  |
Preferred stock value | 0 | 0
TOTAL STOCKHOLDERS' DEFICIT | $ 0 | $ 0

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