Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Jun. 30, 2016
Current assets:    
Cash $ 10,121 $ 2,640
Advances to related party 5,000
Investment and advances to unconsolidated subsidiary 549,619
Other current assets 2,000
Total assets 566,740 2,640
Current liabilities:    
Accounts payable 897,785 1,345,811
Accounts payable - related party 50,000  
Accrued expenses 102,962
Accrued expenses - related party 512,302  
Advances - related party 25,500 5,000
Short term loan - net of discount of $12,760 and $19,417 12,240 5,583
Total liabilities 1,600,789 1,356,394
Commitments and contingencies  
Stockholders' deficit:    
Common stock, par value $0.001 per share; 300,000,000 shares authorized; 73,005,628 and 44,977,822 shares issued and outstanding 73,006 44,978
Additional paid-in capital 26,293,038 24,410,394
Accumulated deficit (27,412,822) (25,526,018)
Total stockholders' deficit attributable to MV Portfolios, Inc. (1,034,049) (1,057,949)
Total stockholders' equity attributable to non-controlling interest (295,805)
Total stockholders' deficit (1,034,049) (1,353,754)
Total liabilities and stockholders' deficit 566,740 2,640
Series A Preferred Stock [Member]    
Stockholders' deficit:    
Convertible preferred stock 8,000 8,000
Total stockholders' deficit 8,000 8,000
Series B Preferred Stock [Member]    
Stockholders' deficit:    
Convertible preferred stock 749 749
Total stockholders' deficit 749 749
Series C Preferred Stock [Member]    
Stockholders' deficit:    
Convertible preferred stock 3,875 3,928
Total stockholders' deficit 3,875 3,928
Series D Preferred Stock [Member]    
Stockholders' deficit:    
Convertible preferred stock 20 20
Total stockholders' deficit 20 $ 20
Series E Preferred Stock [Member]    
Stockholders' deficit:    
Convertible preferred stock 85  
Total stockholders' deficit $ 85