v3.10.0.1
Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2018
Organization And Summary Of Significant Accounting Policies Tables Abstract  
Schdule of Basic Loss Per Share of Common Stock
    For the Year     For the Year  
    Ended June 30,      Ended June 30,  
    2018     2017  
             
Loss (numerator)   $ (1,266,552 )   $ (1,237,661 )
                 
Shares (denominator)     71,188,830       67,331,791  
                 
Per Share Amount   $ (0.02 )   $ (0.02 )
Schedule of deferred tax assets

The Company’s total deferred tax liabilities, deferred tax assets, and deferred tax asset valuation allowances at June 30, 2018 and June 30, 2017 are as follows:

 

    2018     2017  
Net Operating Losses:            
Federal   $ (58,145,400 )   $ (57,201,767 )
State     -       -  
Total net operating losses   $ (58,145,400 )   $ (57,201,767 )
                 
Deferred Tax Asset:                
NOL Carryover     10,451,834       19,406,225  
Less valuation allowance     (10,451,834 )     (19,406,225 )
                 
Net Deferred Tax Asset   $ -     $ -  

Schedule of tax provision (benefit)

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years ended June 30, 2018 and 2017 due to the following:

 

    2018     2017  
Book Loss   $ (241,468 )   $ (38,429 )
Warrant Expense     19,644       -  
Extended Warrants     8,368       -  
Loss on Derivatives     15,247       -  
Meals & Entertainment     833       -  
Change in Depreciation     53       -  
Valuation allowance     197,323       38,429  
Income tax provision   $ -     $ -  

Impact of errors on the balance sheet
    As of           As of  
    June 30, 2017           June 30, 2017  
    As Presented     Adjustment     As Revised  
                   
Derivative Liability   $ -     $ 78,084     $ 78,084  
                         
Common Stock     70,119       -       70,119  
                         
Additional Paid in Capital     18,461,314       46,550       18,507,864  
                         
Accumulated Deficit     (20,907,712 )     (124,634 )     (21,032,346 )
                         
Total Deficit   $ (2,376,279 )   $ (78,084 )   $ (2,454,363 )
Impact of errors on the statement of operations
    For the Year Ended           For the Year Ended  
    June 30, 2017           June 30, 2017  
    As Presented     Adjustment     As Revised  
                   
Net Loss   $ (1,113,027 )   $ (124,634 )   $ (1,237,661 )
                         
Net Loss per Common Share   $ (.02 )     -     $ (.02 )
                         
Weighted Average Shares Calculation     67,331,791       -       67,331,791