Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (2,310,314) $ (3,440,159)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on deconsolidation of LocatorX, Inc. 396,538
Amortization of debt discounts and deferred financing costs 7,157 521
Gain on change in fair value of derivative liabilities (11,700)
Stock-based compensation 663,119 1,894,994
Common stock issued for services 50,000
Warrants issued for services   152,167
Loss on common stock issued for liabilities   105,000
Change in operating assets and liabilities:    
Other current assets (7,000)
Accounts payable (336,026)
Accounts payable-related parties 50,000  
Accrued expenses 102,962 361,385
Accrued expenses-related parties 512,302  
Net cash used in operating activities (871,262) (937,792)
Cash flows from financing activities:    
Contribution by non-controlling interest 345,658 481,924
Repayment of convertible notes
Proceeds from the sale of common stock 513,000 420,000
Proceeds from the sale of Series E preferred stock 85
Proceeds from related party debt 20,000 5,000
Proceeds from issuing debt 25,000
Net cash provided by financing activities 878,743 931,924
Net increase (decrease) in cash 7,481 (5,868)
Cash, beginning of period 2,640 8,508
Cash, end of period 10,121 2,640
Supplemental disclosures of cash flow information:    
Interest paid
Income taxes paid
Non-cash investing and financing activities:    
Conversion of Series C Preferred stock to common stock 53 161
Common stock issued for liabilities 112,000 485,000
Debt discount on warrants $ 19,938