XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,005,555) $ (3,061,444)
Adjustments to reconcile net loss to net cash used in operating activities    
Preferred shares issued as compensation 158,799 182,898
Common shares issued as compensation and for services 38,250 38,250
Warrants granted to Scientific Advisory Board 5,773 17,148
Depreciation 166,189 163,286
Amortization 2,068 2,067
Change in fair value of derivative liability (564,848) (13,291)
Amortization of debt discount on convertible debentures 239,351 403,462
Changes in operating assets and liabilities:    
Prepaid expenses (2,254) 11,895
Other assets 14,257 8,678
Accounts payable (45,427) 172,864
Accounts payable - related party 478,088 (109,015)
Accrued expenses 188 47
Deferred interest payable (41,667) (41,668)
NET CASH USED IN OPERATING ACTIVITIES (1,556,788) (2,224,823)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (30,433) (24,435)
CASH FLOWS FROM FINANCING ACTIVITIES:    
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,587,221) (2,249,258)
Cash and cash equivalents at beginning of period 15,099,461 24,162,185
Cash and cash equivalents at end of period 13,512,240 21,912,927
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Interest paid $ 166,667 $ 286,667