0001511164-16-001073.txt : 20161013 0001511164-16-001073.hdr.sgml : 20161013 20161013171316 ACCESSION NUMBER: 0001511164-16-001073 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 82 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20161013 DATE AS OF CHANGE: 20161013 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VAPOR HUB INTERNATIONAL INC. CENTRAL INDEX KEY: 0001515718 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] IRS NUMBER: 273191889 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55363 FILM NUMBER: 161935468 BUSINESS ADDRESS: STREET 1: 67 W EASY STREET UNIT 115 CITY: SIMI VALLEY STATE: CA ZIP: 93065 BUSINESS PHONE: 805-309-0530 MAIL ADDRESS: STREET 1: 67 W EASY STREET UNIT 115 CITY: SIMI VALLEY STATE: CA ZIP: 93065 FORMER COMPANY: FORMER CONFORMED NAME: DogInn Inc. DATE OF NAME CHANGE: 20110316 10-K 1 vhub10k2016.htm FORM 10-K Converted by EDGARwiz

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

(Mark One)

[X]

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the year ended June 30, 2016

OR

[   ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from_____ to _____

Commission file number   000-55363

VAPOR HUB INTERNATIONAL INC.

(Exact Name of Registrant as Specified in Charter)

Nevada

 

27-3191889

(State or Other Jurisdiction of Incorporation or Organization)

 

(I.R.S. Employer Identification No.)

1871 Tapo Street

Simi Valley, CA

 

93063

(Address of Principal Executive Offices)

 

(Zip Code)

(805) 309-0530

(Registrant’s telephone number, including area code)

Securities registered under Section 12(b) of the Exchange Act:

None

Securities registered under Section 12(g) of the Exchange Act:

Common Stock par value $0.001 per share


Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes [  ] No [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.

Yes [  ] No [X]

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X] No [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [X] No [  ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.                                                                                                                                                                            [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer

[  ]

Accelerated Filer

         [  ]

Non-accelerated Filer

[  ] (Do not check if smaller reporting company)

Smaller Reporting Company      [X]




1





Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act).

Yes [  ] No [X]


The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, as of the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $1,075,264, based on a closing price of $0.0281 on December 31, 2015.  


At October 13, 2016, the registrant had 90,292,443 shares of common stock, $0.001 par value, outstanding.


DOCUMENTS INCORPORATED BY REFERENCE

None



2




VAPOR HUB INTERNATIONAL INC.

FORM 10-K

For The Fiscal Year Ended June 30, 2016


INDEX

 

 

 

 

 Page

PART I

ITEM 1.

Business

4

ITEM 1A.

Risk Factors 

13

ITEM 1B.

Unresolved Staff Comments

28

ITEM 2.

Properties

28

ITEM 3.

Legal Proceedings

28

ITEM 4.

Mine Safety Disclosures

28

 

PART II

ITEM 5.

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

29

ITEM 6.

Selected Financial Data

30

ITEM 7.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

30

ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

36

ITEM 8.

Financial Statements and Supplementary Data

37

ITEM 9.

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

67

ITEM 9A.

Controls and Procedures

67

ITEM 9B.

Other Information

68

 

PART III

ITEM 10.

Directors, Executive Officers and Corporate Governance

69

ITEM 11.

Executive Compensation

72

ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

74

ITEM 13.

Certain Relationships and Related Transactions, and Director Independence

75

ITEM 14.

Principal Accounting Fees and Services

77

 

PART IV

ITEM 15.

Exhibits, Financial Statement Schedules

78

 



3




PART I


Item 1.  Business


As used in this annual report, the terms “we”, “us”, “our” and “our company” mean Vapor Hub International Inc., unless otherwise indicated.


Cautionary Statement Regarding Forward-Looking Statements


This Annual Report on Form 10-K (“Annual Report”) contains forward-looking statements. Such statements contain words such as “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “may,” “will,” “might,” “should,” “could,” “would,” “seek,” “pursue,” and “anticipate” or the negative or other variation of these or similar words, or may include discussions of strategy or risks and uncertainties. Forward-looking statements in this Annual Report include, among other things, statements concerning:


expectations regarding our business, results of operations and prospects for future development;

expenses and our ability to operate efficiently;

expectations regarding trends that will affect our market and the electronic cigarette industry generally and the impact of those trends on our business and results of operations; and

the potential impact of governmental regulation on our industry.


Any forward-looking statement is based upon a number of estimates and assumptions that, while considered reasonable by us, is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control, and are subject to change. Actual results of operations may vary materially from any forward-looking statement made herein. Forward-looking statements should not be regarded as a representation by us or any other person that the forward-looking statements will be achieved. Undue reliance should not be placed on any forward-looking statements. Some of the contingencies and uncertainties to which any forward-looking statement contained herein is subject include, but are not limited to, the following:


the risk that we will not be able to fund our operations and continue as a going concern;

the potential impact of governmental regulation on our ability to operate our business;

the effects of intense competition that exists in the electronic cigarette industry;

general economic and business conditions including changes in customer demand; and

adverse outcomes of legal proceedings.


For additional contingencies and uncertainties, see Item 1A. Risk Factors.


Given these risks and uncertainties, we can give no assurances that results contemplated by any forward-looking statements will in fact occur and therefore caution investors not to place undue reliance on them. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this Annual Report might not occur.


Market and Industry Data


Some of the market and industry data contained in this Annual Report are based on independent industry publications or other publicly available information. Although we believe that these independent sources are reliable, we have not independently verified and cannot assure you as to the accuracy or completeness of this information. As a result, you should be aware that the market and industry data contained herein, and our beliefs and estimates based on such data, may not be reliable.




4



Overview


We design, source, market and sell the next generation of smokeless electronic cigarettes which are popularly known as “vaping” devices.  We provide a selection of premium vaping devices and related accessories which we design and source, including our popular “Limitless Mods” and “Limitless Atomizers”, and we also purchase vaping devices and related accessories from third parties for resale.  We distribute our products nationally and internationally to wholesale customers and retail customers, including through our website www.vapor-hub.com.  We also market and sell our products through a retail location located in southern California.


History of the Company


Vapor Hub International Inc. was incorporated in the State of Nevada on July 15, 2010 under the name DogInn, Inc. On February 14, 2014, we entered into a Share Exchange Agreement with Vapor Hub, Inc., a California corporation (“Vapor”), Delite Products, Inc., a California corporation (“Delite”) and the shareholders of both companies (the “Exchange Agreement”).  Pursuant to the terms of Exchange Agreement, we agreed to acquire all 30,000 of the issued and outstanding shares of Vapor’s common stock, as well as all 30,000 of the issued and outstanding shares of Delite’s common stock in exchange for the issuance by us of 38,000,001 shares of our common stock to the shareholders of both companies.  On March 14, 2014, we completed the acquisition of Vapor and issued all of the 38,000,001 shares to the shareholders of Vapor, who were also the shareholders of Delite.  On March 26, 2014, we completed the acquisition of Delite.  As a result of the closing of the transactions contemplated by the Exchange Agreement, Vapor and Delite became our wholly owned subsidiaries.  In connection with the acquisition of Vapor, we changed our corporate name from Doginn, Inc. to Vapor Hub International Inc. and our stock symbol changed from “DOGI” to “VHUB.”  On May 18, 2015, Vapor and Delite were merged with and into the company, ending the separate existences of Vapor and Delite. Prior to our acquisition of Vapor, we existed as a “shell company” with nominal assets whose sole business was to identify, evaluate and investigate various companies to acquire or with which to merge.


Our principal executive office is located at 1871 Tapo Street, Simi Valley CA 93063.  The telephone number at our principal executive office is (805) 309-0530.  


Our Products - Vaping Devices  


Vaping devices (as well as electronic cigarettes, also known as e-cigarettes) are battery-powered products that allow users to inhale vapor instead of the smoke, ash, tar and carbon monoxide associated with traditional cigarettes.  In contrast to e-cigarettes, vaping devices are often precision manufactured from metallic materials and do not look like traditional cigarettes.  Vaping devices, as compared to e-cigarettes, also offer a unique user experience as a result of greater vapor production, enriched taste, and an ability to highly customize a device with different mechanical components and fashionable accessories, including different colors and finishes.  Vaping devices generally consist of three primary components: a battery unit, an atomizer (which includes a heating element), and a tank filled with an “e-liquid,” which e-liquids are available with or without nicotine and in a myriad of flavors.


Battery


Most vaping devices are powered by a lithium-ion rechargeable battery. The housing for the battery and electronic circuitry is usually the largest component of a vaping device. It is generally referred to simply as the battery. This unit may contain an electronic airflow sensor for automated operation, or a button for manual operation. A timed cutoff switch (to prevent overheating) and/or a colored LED may also be included. To recharge the batteries, many different types of battery chargers such as AC outlet, car, and USB adaptors are usually available. Some manufacturers also offer a “Portable Charging Case,” or “PCC”, which contains a large rechargeable battery that is then used to charge a smaller battery within the individual vaping device.



5




Atomizer


The atomizer is a heating element that serves to vaporize the e-liquid so it can be inhaled.  The atomizer contains a filament that degrades over time due to a buildup of sediment, or "burns out" entirely, requiring periodic replacement.  To address atomizer degradation, manufacturers introduced swappable replacement parts.


Tank


The tank is a small, sometimes disposable, plastic container with openings on each end. It generally houses an absorbent, sponge-like material saturated with the e-liquid solution to be vaporized. The mouthpiece is constructed so that the vapor produced can flow past the solution container to reach the user's mouth. When the e-liquid in the tank has been depleted, the user can refill the tank with an e-liquid of their choice.


E-Liquid


Liquids used to produce vapor in vaping devices are sold separately for use in refillable tanks.  Liquids may or may not contain nicotine and are available in differing nicotine concentrations to suit user preferences.  Liquids are available in a myriad of flavors and we offer flavors such as blackberry, krazy kola, blueberry, churro, lemonade, menthol, root beer float and watermelon, as well as proprietary blends we have innovated.  Liquid solution consists of flavoring and/or nicotine dissolved in one or several hygroscopic components, which turns the water in the solution into the smoke-like vapor when heated. The most commonly used hygroscopic components are propylene glycol, vegetable glycerin or polyethylene glycol 400.  Our proprietary brands of E-liquids are sourced from an ISO Class 7 certified manufacturer in the USA, which helps ensure their purity and quality.


Device Operation


The above-described components may work in conjunction in an assembled vaping device as follows:


·

User presses button to activate the lithium ion battery.

·

User draws on the vaping device through a mouth piece.

·

The battery charges the atomizer.

·

The atomizer vaporizes the e-liquid.

·

User gets the smoking experience, which includes water vapor in place of smoke.


[vhub10k2016001.jpg]

Product Examples


The following are examples of some of the products that we market and distribute:


Limitless Mechanical Mods:  Our Limitless Mechanical Mod (pictured below) was developed in August 2014 by our CEO Kyle Winther and our President Jake Perlingos. The Limitless Mechanical Mod allows a consumer to change the look and feel of their device by interchanging sleeves and is available in aluminum, brass, copper, black rhodium plated aluminum and gold plated brass finishes to accommodate market demand.  We market and sell our Limitless Mechanical Mods directly to consumers at prices ranging from $99 to $180 and also sell our Limitless Mechanical Mods through our wholesale distribution channels at prices ranging from $45 to $135.  



6




[vhub10k2016002.jpg]



Binary Premium E-Liquid:  Our Binary Premium e-liquid was developed internally over a period of approximately six months and is currently available in five flavors at a retail price point of approximately $12 per bottle.  To provide consumers with alternatives when reducing their nicotine consumption, we offer our Binary Premium e-liquid with 0mg, 2.5mg, 5.0mg, 7.5mg, or 10mg of nicotine per bottle. In contrast, it is typical for bottles of e-liquid to be available with the following nicotine levels per bottle:  0mg, 3mg, 6mg, 12mg, and 18mg. To help ensure quality, our Binary Premium e-liquid is manufactured by a third party supplier in the United States in an ISO and GMP certified lab.  

Our Business


Sourcing


We use third party contract manufacturers to produce and finish our mods (“Mods”), including our Limitless Mechanical Mod, from facilities located in both Southern California and China.  Our Mods, which are made from a metallic material such as steel, brass or copper, are custom machined to meet our design specifications.  Once machined, unfinished products are delivered to our location in Simi Valley or to a third party service provider to be buffed, polished and to add various treatments and embellishments, such as paint and engravings.  Finished products are then held in inventory for distribution and sale. In our fiscal year ended June 30, 2015, we relied on one manufacturer to machine all of our Mods and in the fiscal year ended June 30, 2016, we relied on two.  Although we have relied on a limited number of manufacturers to machine our Mods, we believe manufacturing capacity is available to meet our current and planned needs. We do not currently have any long term agreements in place for the manufacture of our Mods.



7




With respect to our custom designed atomizers which we market and distribute globally, in our fiscal year ended June 30, 2016, we sourced these products from one manufacturer located in the United States.  In our fiscal year ended June 30, 2015, we sourced our atomizers from two manufacturers located in the United States.  We believe that suppliers for our atomizers are available to meet our current and planned needs.


We source our proprietary E-liquids (such as our Binary Premium E-Liquid) from an ISO Class 7 certified manufacturer in the USA, which helps ensure their purity and quality.  In addition to sourcing our own e-liquids, we also purchase e-liquid from other reputable American suppliers for resale through our distribution channels.  


Product Distribution


Products distributed by the Company include vaping devices and related accessories purchased from third parties for resale as well as our own vaping devices and related accessories, which we design and source, including our popular “Limitless Mechanical Mods”, “Limitless Box Mod” and “Limitless Atomizer”, as well as “Binary Premium e-Liquid”.


We market and sell our vaping devices and related products to end customers through our website www.vapor-hub.com, to retail stores through direct sales both in the United States and internationally, and through third party wholesalers both in the United States and internationally who then resell our products to retailers in their territory.  Retailers of our products include vaping shops throughout the United States and in approximately 23 other countries.   We also distribute our products on a limited basis through convenience stores and gas stations.  In 2016, approximately 28% of our sales were to customers outside of the United States.  


With respect to vaping devices and related products that we sell through third party wholesalers, we typically sell our products to these wholesalers for their re-sale on a non-exclusive basis and we also typically do not have long term contractual arrangements with any of our wholesalers.  


Operation of Retail Stores


We sell our products and those of third parties to end consumers directly through our retail location located in Simi Valley, California.  Through our retail location, we sell and market vaping devices as well as e-liquid, accessories, and supplies relating to vaping devices to both novice users as well as consumers who demand high end technical devices.  October 15, 2015, we closed a second retail location that we previously operated in Chatsworth, California and we have no plans to open additional stores.


We opened our retail locations in order to create brand recognition for our products and also to enable us to gather information about user preferences in the rapidly evolving vaping industry.  In 2016 and 2015, our retail sales accounted for approximately 6.6% and 10% of our revenue, respectively.


Marketing


We advertise our products primarily through our websites, through email marketing campaigns, magazines, paid social media advertisements, at industry trade shows and through point of sale materials and displays at our retail locations. We also attempt to build brand awareness through innovative social media marketing activities on Facebook, Instagram and Twitter, through in-store and on-premise promotions and through public relation initiatives, such as radio interviews and press releases. We intend to strategically expand our advertising activities in fiscal year 2017 and also increase our public relations campaigns to gain editorial coverage for our products.  


Competition


Our industry is highly competitive and there are low barriers to entry.  We compete with numerous regional, national and international electronic cigarette companies, and several large tobacco companies offer or are in the process of developing electronic cigarette products.  We also compete to some extent with traditional tobacco products for customers, and to a lesser extent, we compete with companies that offer smoking cessation aids.



8




We compete for customers based on a variety of factors, including the design and quality of our products which we target to the premium segment of the vaping market, price and customer service.  We believe that we compete effectively in our industry as a result of, among other reasons, our innovative products, our team of experienced industry professionals, our marketing initiatives and the reputation of our brands.  At a retail price point between $99 to $250, we believe that our Mods are competitively priced in the premium vaping market segment to which we cater.


Markets


According to estimates released by Euromonitor International, growth in global vapor products slowed substantially in 2015 but the market still recorded an increase of 21% to reach US$8 billion.  Euromonitor International further reports that the United States and the United Kingdom are the world’s biggest markets for vaping products and the western european region alone is larger than all other regions (aside from North America).  Euromonitor International also noted a continuing shift in 2015 in the market from traditional e-cigarettes to tank systems. Euromonitor International notes that excluding the US market – where the split between traditional e-cigarettes to tank systems is closer to 50/50 largely due to the stronger involvement of tobacco companies – 85% of world e-cigarette use was in tank systems against just 15% of world vapers consuming traditional e-cigarettes.  Euromonitor International estimates that the vaping market will continue to grow to about US $20 billion by 2020.  There can be no assurances, however, that such predictions will manifest, especially since governmental regulations could severely impact the growth of the electronic cigarette market both in the United States and internationally.  


Intellectual Property


We are the registered owner of the federal trademarks for “Vapor Hub”, “Tac Mods USA” and “T TAC MODS USA MADE IN USA” and design.  


We plan to continue to expand our brand names and our proprietary trademarks, designs and patents worldwide as our business grows.


Government Regulation


On May 5, 2016, the U.S. Food and Drug Administration (“FDA”) issued a final rule deeming certain products to be subject to the Federal Food, Drug, and Cosmetic Act and regulations thereunder (the “FD&C Act”), which products include electronic cigarettes and their component parts, including e-liquids, atomizers, batteries, cartomizers, tank systems, flavors, vials that contain e-liquids and programmable software.  On August 8, 2016, the newly deemed products became subject to all provisions of the FD&C Act and FDA regulations applicable to cigarettes, cigarette tobacco and other tobacco products.  However, for certain provisions that require labeling changes or information submission to the FDA, the FDA has provided an extended compliance period.  Among other requirements, under the new rules:

·

The sale of covered tobacco products to individuals under the age of 18 is prohibited beginning August 8, 2016;

·

Vending machine sales of covered tobacco products are prohibited unless sold in adult-only facilities beginning August 8, 2016;

·

Beginning August 8, 2016, the newly deemed products are subject to rules and regulations relating to adulterated or misbranded products, including rules that prohibit the sale and distribution of products with modified risk descriptors (such as “light”, “low” and “mild”) unless authorized by the FDA;

·

The distribution of free samples of the newly deemed tobacco products is prohibited as of August 8, 2016;



9



·

Companies that own or operate domestic manufacturing establishments engaged in the manufacturing of newly deemed tobacco products are required to register with the FDA and submit details about their products beginning August 8, 2016;

·

Subject to certain exceptions, packaging and advertisements of all covered tobacco products will be required to bear an addictiveness warning beginning May 10, 2018; and

·

Newly deemed tobacco products that were not commercially marketed in the United States as of February 15, 2007 or any modification (including a change in design, any component, any part, or any constituent or in the content, delivery or form of nicotine, or any other additive or ingredient) of a tobacco product where the modified product was commercially marketed in the United States after February 15, 2007 are required to have premarket authorization prior to commercial distribution.  


The FDA process to obtain pre-market authorization will be phased in.  For newly deemed tobacco products that were on the market as of August 8, 2016, but that were not on the market as of February 15, 2007, FDA is providing two compliance periods:  one for submission to the FDA of applications and one for obtaining premarket authorization.  During these compliance periods, the FDA does not intend to take enforcement action for products remaining on the market without authorization.  New products for which no application has been submitted by August 8, 2018 will be subject to enforcement.  With certain exceptions, newly deemed tobacco products for which timely premarket submissions have been submitted will be subject to an additional compliance period of twelve months after the initial compliance period for submissions ends.  Once the continued compliance period ends, new tobacco products on the market without authorization will be subject to enforcement.  For newly deemed tobacco products that were not on the market as of August 8, 2016, the above compliance periods will not apply and the new products must obtain a marketing order from FDA specific to the product prior to commercial distribution.


As a result of the new regulations, we will have until August 8, 2018 to submit applications to obtain approval to continue to sell our products in the United States which were on the market as of August 8, 2016. We may continue to sell these existing products during this two-year period and, provided we timely submit applications, we can continue to sell existing products for an additional year while the FDA reviews our applications. Failure to submit applications for any of our existing products would prevent us from marketing and selling such products in the United States beginning in August 2018, which could have a material adverse effect on our business, financial condition and results of operations at that time.  


State and Local Regulations


State and local governments currently legislate and regulate tobacco products, including what is considered a tobacco product, how tobacco taxes are calculated and collected, to whom and by whom tobacco products can be sold and where tobacco products may or may not be smoked. Certain municipalities have enacted local ordinances which preclude the use of electronic cigarettes where traditional tobacco burning cigarettes cannot be used and certain states like California have adopted legislation that categorize electronic cigarettes as tobacco products, equivalent to their tobacco burning counterparts.  If a significant number of jurisdictions enact prohibitive laws and regulations, electronic cigarettes may lose their appeal as an alternative to cigarettes, which may have the effect of reducing the demand for our products and as a result have a material adverse effect on our business, results of operations and financial condition.  In addition, additional regulations will increase our regulatory compliance costs, which will adversely impact our results from operations and financial condition.



10




International Regulations


The tobacco industry expects significant regulatory developments to take place over the next few years, driven principally by the WHO Framework Convention on Tobacco Control (FCTC).  The objective of the FCTC is to establish a global agenda for tobacco regulation with the purpose of reducing initiation of tobacco use and encouraging cessation. Regulatory initiatives that have been proposed, introduced or enacted include:


the levying of substantial and increasing tax and duty charges;

restrictions or bans on advertising, marketing and sponsorship;

the display of larger health warnings, graphic health warnings and other labeling requirements;

restrictions on packaging design, including the use of colors and generic packaging;

restrictions or bans on the display of tobacco product packaging at the point of sale, and restrictions or bans on cigarette vending machines;

requirements regarding testing, disclosure and performance standards for tar, nicotine, carbon monoxide and other smoke constituents levels;

requirements regarding testing, disclosure and use of tobacco product ingredients;

increased restrictions on smoking in public and work places and, in some instances, in private places and outdoors;

elimination of duty free allowances for travelers; and

encouraging litigation against tobacco companies.


Any additional regulations, to the extent they are applicable to our business, will increase our regulatory compliance costs and will adversely impact our results from operations and financial condition.


Research and Development Expenditures


We do not have a formal research and development department.  However, an in-house team of approximately four employees is responsible for the design and development of our Mods and related accessories, including e-liquids.  


Employees


As of June 30, 2016, we had 22 full-time employees in general and administrative, operations, engineering, research and development, business development, sales and marketing, and finance.  


Emerging Growth Company


We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act (the “JOBS Act”).  As an "emerging growth company," we are able to take advantage of specified reduced reporting and other burdens that are otherwise generally applicable to public companies.


The JOBS Act permits emerging growth companies to take advantage of an extended transition period to comply with new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies.  Additionally, we are eligible to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not "emerging growth companies." These provisions include, among other matters:


•  

the ability to provide fewer years of financial statements and other financial data in an initial public offering registration statement;

•  

an exemption from the auditor attestation requirement in the assessment of the emerging growth company's internal control over financial reporting;

the ability to omit the compensation discussion and analysis and reduce compensation disclosure in our periodic reports and proxy statements; and

•  

no requirement to seek non-binding advisory votes on executive compensation or golden parachute arrangements.



11




We intend to take advantage of these exemptions as long as we qualify as an emerging growth company. We will remain an emerging growth company until the earliest of:


•  

the last day of the fiscal year following the fifth anniversary of the date of the first sale of our common equity securities pursuant to an effective registration statement;

•  

the last day of the fiscal year in which we have annual gross revenues of $1.0 billion or more;

•  

the date on which we have, during the previous three-year period, issued more than $1.0 billion in non-convertible debt; and

•  

the date on which we are deemed to be a "large accelerated filer," which will occur at such time as we (a) have an aggregate worldwide market value of common equity securities held by non-affiliates of $700 million or more as of the last business day of our most recently completed second fiscal quarter, (b) have been required to file annual and quarterly reports under the Securities Exchange Act of 1934, or the Exchange Act, for a period of at least 12 months, and (c) have filed at least one annual report pursuant to the Exchange Act.



12





ITEM 1A. RISK FACTORS


Investing in our common stock involves a high degree of risk. You should carefully consider the following risk factors and all other information contained in this annual report before purchasing shares of our common stock. If any of the following risks occur, our business, financial condition and/or results of operations could be materially and adversely affected. In that case, the trading price of our common stock could decline, and you may lose some or all of your investment.


Risks Related to Our Business and Our Industry


We have incurred losses in the past and cannot assure you that we will achieve or maintain profitable operations.


As of June 30, 2016, we had an accumulated deficit of $1,672,246 due to our continuing losses from operations.  For the years ended June 30, 2016 and 2015, we had net losses of $634,643 and $613,997, respectively.  We cannot assure you that we will generate operating profits on a sustainable basis or at all as we continue to expand our infrastructure, further develop our marketing efforts and otherwise implement our business initiatives.  


There is doubt about our ability to continue as a going concern due to insufficient cash resources to meet our business objectives.


Our continuation as a going concern is dependent on our ability to generate sufficient cash flows from operations to meet our obligations, which we have not been able to accomplish to date, and/or obtain additional financing from equity financings, debt financings, or from other sources.  The extent of our future capital requirements will depend on many factors, including results of operations and the growth rate of our business.  At June 30, 2016, we had a working capital deficit of $934,884 and we currently face liquidity and capital resources constraints.  


Our near term objective is to raise debt or equity capital on more favorable terms to the company to fund our immediate cash needs and to finance our longer term growth.  We cannot provide assurance that we will be able to raise additional debt or equity capital, and if we are unsuccessful, we may not be able to grow our operations as planned, may not be able to meet our other obligations as they become due and may even need to cease our operations. If we are successfully able to raise capital, the issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders and if capital is raised through debt facilities, such facilities will increase our liabilities and future cash commitments, and may also impose restrictive covenants relating to the operation of our business. We presently do not have any arrangements for additional financing and we continue to evaluate various financing strategies to support our current operations and fund our future growth.


Electronic cigarettes become subject to regulation by the FDA


On May 5, 2016, the U.S. Food and Drug Administration (“FDA”) issued a final rule deeming certain products to be subject to the Federal Food, Drug, and Cosmetic Act and regulations thereunder (the “FD&C Act”), which products include electronic cigarettes and their component parts, including e-liquids, atomizers, batteries, cartomizers, tank systems, flavors, vials that contain e-liquids and programmable software.  On August 8, 2016, the newly deemed products became subject to all provisions of the FD&C Act and FDA regulations applicable to cigarettes, cigarette tobacco and other tobacco products.  However, for certain provisions that require labeling changes or information submission to the FDA, the FDA has provided an extended compliance period.  Among other requirements, under the new rules:

·

The sale of covered tobacco products to individuals under the age of 18 is prohibited beginning August 8, 2016;



13



·

Vending machine sales of covered tobacco products are prohibited unless sold in adult-only facilities beginning August 8, 2016;

·

Beginning August 8, 2016, the newly deemed products are subject to rules and regulations relating to adulterated or misbranded products, including rules that prohibit the sale and distribution of products with modified risk descriptors (such as “light”, “low” and “mild”) unless authorized by the FDA;

·

The distribution of free samples of the newly deemed tobacco products is prohibited as of August 8, 2016;

·

Companies that own or operate domestic manufacturing establishments engaged in the manufacturing of newly deemed tobacco products are required to register with the FDA and submit details about their products beginning August 8, 2016;

·

Subject to certain exceptions, packaging and advertisements of all covered tobacco product will be required to bear an addictiveness warning beginning May 10, 2018; and

·

Newly deemed tobacco products that were not commercially marketed in the United States as of February 15, 2007 or any modification (including a change in design, any component, any part, or any constituent or in the content, delivery or form of nicotine, or any other additive or ingredient) of a tobacco product where the modified product was commercially marketed in the United States after February 15, 2007 are required to have premarket authorization prior to commercial distribution.  


The FDA process to obtain pre-market authorization will be phased in.  For newly deemed tobacco products that were on the market as of August 8, 2016, but that were not on the market as of February 15, 2007, FDA is providing two compliance periods:  one for submission to the FDA of applications and one for obtaining premarket authorization.  During these compliance periods, the FDA does not intend to take enforcement action for products remaining on the market without authorization.  New products for which no application has been submitted by August 8, 2018 will be subject to enforcement.  With certain exceptions, newly deemed tobacco products for which timely premarket submissions have been submitted will be subject to an additional compliance period of twelve months after the initial compliance period for submissions ends.  Once the continued compliance period ends, new tobacco products on the market without authorization will be subject to enforcement.  For newly deemed tobacco products that were not on the market as of August 8, 2016, the above compliance periods will not apply and the new products must obtain a marketing order from FDA specific to the product prior to commercial distribution.


As a result of the new regulations, we will have until August 8, 2018 to submit applications to obtain approval to continue to sell our products in the United States which were on the market as of August 8, 2016. We may continue to sell these existing products during this two-year period and, provided we timely submit applications, we can continue to sell existing products for an additional year while the FDA reviews our applications. Failure to submit applications for any of our existing products would prevent us from marketing and selling such products in the United States beginning in August 2018.


We believe our costs to comply with the new regulations will be substantial, both in terms of management time and out of pocket expenditures.  Moreover, if we elect not to obtain or are unable to secure pre-market authorization to continue selling our existing products and any new products targeted for introduction, our future sales in the United States will be adversely impacted.  We plan to further evaluate the impact of the new rules and regulations on our business and modify our business strategies accordingly to comply with the new rules and regulations.  However, we cannot guarantee that we will be able to comply with the new rules and regulations, particularly the premarket authorization requirement, and the new legislation (including penalties imposed for failure to comply) could have a material adverse effect on our business, results of operations and financial condition.



14



We may face liability for improper marketing, medical claims and labeling.


As a distributor and marketer of tobacco products, the Company faces potential fines, sanctions, administrative actions, penalties, and other liability for: improper labeling, making improper claims, referencing or publishing to its websites, marketing materials, advertisements, testimonials or representations that certain of our products have the ability or potential to treat, cure or otherwise improve a medical condition, and or provide a healthier alternative to other more traditional tobacco products.


Any violation of law with respect to the Company’s marketing materials and or labeling could expose our company to liability including but not limited to fines, sanctions, administrative actions, penalties, civil actions and or criminal prosecution.  Although our company maintains general liability insurance, our company’s insurance may not cover potential claims of this type or may not be adequate to indemnify our company for all liability that may be imposed. Any imposition of liability that is not covered by insurance or is in excess of insurance coverage could have a material adverse effect on our company’s business, results of operations and financial condition.


We may experience product liability claims in our business, which could adversely affect our business.


The tobacco industry in general has historically been subject to frequent product liability claims. As a result, we may experience product liability claims from the marketing and sale of electronic cigarettes and defects in the products we distribute, including claims relating to exploding batteries or other product defects. Any product liability claim brought against us, with or without merit, could result in:


·

liabilities that substantially exceed our product liability insurance, which we would then be required to pay from other sources, if available;

·

an increase of our product liability insurance rates or the inability to maintain insurance coverage in the future on acceptable terms, or at all;

·

damage to our reputation and the reputation of our products, resulting in lower sales;

·

regulatory investigations that could require costly recalls or product modifications;

·

litigation costs; and

·

the diversion of management’s attention from managing our business.


Any one or more of the foregoing could have a material adverse effect on our business, results of operations and financial condition.


Our Convertible Note financing may result in significant dilution to existing stockholders and could cause us to incur significant financial penalties


On December 24, 2015, we entered into a Senior Secured Credit Facility Agreement with TCA Global Credit Master Fund, LP (“TCA”) and issued to TCA a Convertible Promissory Note in the principal amount of $750,000 (the “TCA Note”).   The payment and performance of all our indebtedness and other obligations to TCA, including all borrowings under the loan agreement and related agreements, are secured by liens on substantially all of our assets pursuant to a Security Agreement.


Upon the occurrence and during the continuance of an event of default under the transaction documents, including as a result of our failure to meet our payment obligations or to satisfy our covenants under the transaction documents, TCA may terminate its commitments to us and declare all of our obligations to TCA to be immediately due and payable.  In addition, upon the occurrence and during the continuance of an event of default under the transaction documents, TCA may also exercise all of its rights as a secured creditor and obtain our assets.   If we lose all or a substantial portion of our assets, our shares will likely significantly decline in value or become worthless.  



15




While the TCA Note is outstanding, but only upon the occurrence of (i) an event of default under the loan agreement with TCA or any related transaction document or (ii) our mutual agreement with TCA, TCA may convert, subject to certain beneficial ownership limitations, all or any portion of the outstanding principal, accrued and unpaid interest and any other sums due and payable under the Note or any other transaction document (such total amount, the “Conversion Amount”) into a number of shares of our common stock equal to: (i) the Conversion Amount divided by (ii) eighty-five percent (85%) of the lowest of the daily volume weighted average price of our common stock during the five business days immediately prior to the conversion date (the “Conversion Shares”).  Upon liquidation by TCA of Conversion Shares, if TCA realizes a net amount from such liquidation equal to less than the Conversion Amount, we are obligated to issue to TCA additional shares of our common stock equal to: (a) the Conversion Amount minus the net realized amount, divided by (b) the average volume weighted average price of our common stock during the five business days immediately prior to the date upon which TCA requests additional shares.  In the event we issue Conversion Shares to pay obligations under the TCA Note, our existing stockholders will likely be significantly diluted pursuant to the terms of the TCA Note and our shares may significantly decline in value or become worthless.


Similarly, in connection with the loan agreement with TCA, we agreed to pay to TCA a fee for advisory services provided to us prior to the entry into the loan agreement in the amount of $126,000 (the “Advisory Fee”).  As partial payment of the Advisory Fee, we issued to TCA 3,810,000 shares of our common stock on December 24, 2015 (the “Advisory Fee Shares”).  In the event that TCA receives net proceeds from the sale of such shares that are less than the Advisory Fee, TCA may require us to issue additional shares of common stock in an amount sufficient such that, when sold and the net proceeds from such sale are added to the net proceeds from the sale of any of the previously issued and sold Advisory Fee Shares, TCA shall have received total net funds equal to the Advisory Fee.  Notwithstanding the foregoing, subject to certain conditions, we have the right to redeem the Advisory Fee Shares then in TCA’s possession for an amount payable in cash equal to the Advisory Fee, less any net cash proceeds received by TCA from previous sales of Advisory Fee Shares.  In the event TCA has not realized net proceeds from the sale of Advisory Fee Shares equal to at least the Advisory Fee by the earlier to occur of: (i) December 24, 2016; (ii) the occurrence of an event of default under the transaction documents; or (iii) the Maturity Date, then at any time thereafter, TCA has the right to require us to redeem all of the Advisory Fee Shares then in TCA’s possession for cash equal to the Advisory Fee, less any cash proceeds received by TCA from any previous sales of Advisory Fee Shares.  In the event TCA sells its Advisory Fee Shares in the market, our share price may significantly decline.  In addition, in the event we issue additional Advisory Fee Shares to pay the Advisory Fee, our existing stockholders will likely be significantly diluted and our shares may significantly decline in value or become worthless.


In addition to our agreements with TCA, we are party to a Second Exchange Note with Iliad Research & Trading, L.P. pursuant to which we may be required to issue shares of our common stock upon conversion of such note.  See Note 14 for a further discussion of the Second Exchange Note.  As of October 10, 2016, the outstanding balance on the Second Exchange Note was $23,264.  In the event we issue shares of our common stock to pay obligations under the Second Exchange Note, our existing stockholders will likely be significantly diluted and our shares may significantly decline in value.



16




Our lenders have rights that are senior to those of our common stockholders


Our ability to pay interest and principal on our indebtedness and to satisfy our other obligations will depend upon, among other things, our future financial and operating performance, which is affected by prevailing economic conditions and financial, business, regulatory and other factors, some of which are beyond our control. If our operating results are not sufficient to service our current or future indebtedness, we will be forced to take actions such as reducing or delaying our business activities, acquisitions, investments or capital expenditures, selling assets, restructuring or refinancing our debt, or seeking additional equity capital. We may be unable to effect any of these actions on satisfactory terms, or at all. In the event we issue common stock or other equity securities to satisfy our debt obligations, our existing stockholders may suffer significant dilution.  Furthermore, any proceeds that we could realize from any financings or the disposition of assets may not be adequate to meet our debt service or other obligations then due, which would have an immediate material adverse effect on our business, results of operations and financial condition.  In the event of our bankruptcy, dissolution or liquidation, the claims of our lenders (including TCA) must be satisfied before any distributions can be made on our common stock. As a result, our common stockholders would receive distributions only after priority distributions to our lenders are satisfied and may receive nothing in the event of our bankruptcy, dissolution or liquidation.


We operate a developing business, and it is difficult to accurately predict our future sales and appropriately budget expenses.


Because our business is evolving, including as a result of recent regulatory changes announced by the FDA, it is difficult to accurately predict our future sales and appropriately budget our expenses.  Our operations will be subject to risks inherent in the establishment of a developing business, including, among other things, efficiently deploying our capital, developing our products, developing and implementing our marketing campaigns and strategies and developing brand awareness and acceptance of our products. Our ability to generate future sales will be dependent on a number of factors, many of which are beyond our control, including the pricing of competing products, overall demand for our products, changes in consumer preferences, market competition and government regulation. While we believe that we have the opportunity to be successful in the electronic cigarette industry, there can be no assurance that we will be successful in accomplishing our business initiatives, or that we will be able to achieve any significant levels of revenues or net income, from the sale of our products.  


Our failure to compete effectively could have a material adverse effect on our business, results of operations and financial condition.


We face competition from direct and indirect competitors, including tobacco companies, other known and established or yet to be formed electronic cigarette companies, and pharmaceutical companies that market smoking cessation aids and alternative nicotine delivery products, each of whom pose a competitive threat to our current business and future prospects.  We compete primarily on the basis of product quality, brand recognition, brand loyalty, service, marketing, advertising and price.  There can be no assurance that we will be able to compete successfully against any of the aforementioned competitors and our inability to successfully compete against these or any of our competitors could have a material adverse effect our business, results of operations and financial condition.



17




Our products may become obsolete and unmarketable if we are unable to respond adequately to rapidly changing technology and customer demands.


Our industry is characterized by rapid changes in technology and customer demands. As a result, our products and services may quickly become obsolete and unmarketable. Our future success will depend on our ability to adapt to technological advances, anticipate customer demands, develop new products and enhance our current products on a timely and cost-effective basis. Further, our products must remain competitive with those of other companies with substantially greater resources. We may experience technical or other difficulties that could delay or prevent the development, introduction or marketing of new products or enhanced versions of existing products. Also, we may not be able to adapt new or enhanced services to emerging industry standards, and our new products may not be favorably received.  If we are unable to meet the changing demands of our customers, our business and financial condition will likely be materially adversely affected.


We must attract and maintain key personnel or our business could be materially adversely affected.


We must continue to attract and retain key personnel in order to successfully operate our business. We compete with other companies both within and outside the tobacco/ electronic cigarette industry to recruit and retain competent employees.  If we cannot retain qualified employees to meet the needs of our anticipated growth, our business and financial condition could be materially adversely affected.


If we are not able to adequately protect our intellectual property, our financial performance may be adversely impacted.


Our commercial success may depend, in part, on obtaining and maintaining patent protection of our technologies and product candidates as well as successfully defending third-party challenges to such technologies and candidates.  We may also rely on trade secrets to protect our technologies, especially where we do not believe patent protection is appropriate or obtainable. However, trade secrets are difficult to protect. While we seek to protect trade secrets and confidential information, in part, through confidentiality agreements with our consultants and other advisors, they may unintentionally or willfully disclose our information to competitors. Enforcing a claim against a third party related to the illegal acquisition and use of trade secrets can be expensive and time consuming, and the outcome is often unpredictable.  If we are not able to maintain patent or trade secret protection on our technologies and product candidates, then we may not be able to exclude competitors from developing or marketing competing products which could adversely impact our financial performance.


In addition to patents and trade secrets, we also consider our trademarks important in our ability to continue to develop and maintain the goodwill and recognition associated with our brands.  If we are not able to maintain trademark protection on our brands, then our results of operations may be adversely effected.


Any litigation relating to the protection of our intellectual property could be time-consuming and costly.


We may need to bring legal claims to enforce or protect our intellectual property rights. Any litigation, whether successful or unsuccessful, could result in substantial costs and diversions of resources. In addition, notwithstanding any rights we have secured in our intellectual property, other persons may bring claims against us that we have infringed on their intellectual property rights and such parties may further argue that our intellectual property rights are not valid. Any claims against us, with or without merit, could be time consuming and costly to defend or litigate, divert our attention and resources, result in the loss of goodwill associated with our service marks or require us to make changes to our website or other of our technologies, all of which could negatively impact our stock price.



18




If we are the subject of an intellectual property infringement claim, the cost of participating in any litigation could materially adversely affect our business.


There has been, and we believe that there will continue to be, significant litigation and demands for licenses in our industry regarding patent and other intellectual property rights. Although we anticipate having a valid defense to any allegation that our current products, production methods and other activities infringe the valid and enforceable intellectual property rights of any third parties, we cannot be certain that a third party will not challenge our position in the future. Other parties may own patent rights that we might infringe with our products or other activities, and our competitors or other patent holders may assert that our products and the methods we employ are covered by their patents. These parties could bring claims against us that would cause us to incur substantial litigation expenses and, if successful, may require us to pay substantial damages. Some of our potential competitors may be better able to sustain the costs of complex patent litigation, and depending on the circumstances, we could be forced to stop or delay our research, development, manufacturing or sales activities. Any of these costs could cause us to go out of business.


If we fail to effectively manage our growth, our future business results could be harmed and our managerial and operational resources may be strained.


We anticipate that we will need to hire additional personnel as we grow, including staff to help source our products, manage operations, increase our sales and marketing efforts and perform finance and accounting functions. This growth is likely to place a strain on our management and operational resources. The failure to develop and implement effective systems, or to hire and retain sufficient personnel for the performance of all of the functions necessary to effectively service and manage our potential business, or the failure to manage growth effectively, could have a materially adverse effect on our business and financial condition.


Limitations by states and cities on sales of electronic cigarettes and other regulatory restrictions may have a material adverse effect on our ability to sell our products in the United States and will cause us to incur additional compliance costs


Certain states and cities have enacted laws which preclude the use of electronic cigarettes where traditional tobacco-burning cigarettes cannot be used and others have adopted or proposed legislation that categorize electronic cigarettes as tobacco products, equivalent to their tobacco burning counterparts. If a significant number of jurisdictions enact prohibitive laws and regulations, electronic cigarettes may lose their appeal as an alternative to cigarettes, which may have the effect of reducing the demand for our products and as a result have a material adverse effect on our business, results of operations and financial condition.  In addition, additional regulations will increase our regulatory compliance costs, which will adversely impact our results from operations and financial condition.


The use of electronic cigarettes may pose health risks as great as, or greater than, regular tobacco products.


According to the FDA, electronic cigarettes may contain ingredients that are known to be toxic to humans and may contain other ingredients that may not be safe. Additionally, electronic cigarettes may be attractive to young people and may lead them to try other tobacco products, including conventional cigarettes that are known to cause disease. In addition, there have been instances of electronic cigarettes exploding, especially during charging.  Consequently, there is a risk that an electronic cigarette can cause disease and/or serious bodily injury and the publicity from such instances of disease or injury could dramatically slow the growth of the market for electronic cigarettes and negatively impact our operations.



19




The recent development of electronic cigarettes has not allowed the medical profession to sufficiently study the long-term health effects of electronic cigarette use.


Because electronic cigarettes were recently developed, the medical profession has not had a sufficient period of time to study the long-term health effects of electronic cigarette use and it is uncertain whether or not electronic cigarettes are safe for their intended use. If the medical profession were to determine conclusively that electronic cigarette usage poses long-term health risks, electronic cigarette usage could decline, which could have a material adverse effect on our business, results of operations and financial condition.


If we experience product recalls, we may incur significant and unexpected costs and our business reputation could be adversely affected.


We may be exposed to product recalls and adverse public relations if our products are alleged to cause illness or injury, or if we are alleged to have violated governmental regulations. A product recall could result in substantial and unexpected expenditures that could exceed our product recall insurance coverage limits and harm to our reputation, which could have a material adverse effect on our business, results of operations and financial condition. In addition, a product recall may require significant management time and attention and may adversely impact the value of our brands. Product recalls may also lead to greater scrutiny by federal or state regulatory agencies and increased litigation, which could have a material adverse effect on our business, results of operations and financial condition.


Our products contain nicotine which is considered to be a highly addictive substance.


Certain of our products contain nicotine, a chemical found in cigarettes and other tobacco products which is considered to be highly addictive. The Family Smoking Prevention and Tobacco Control Act empowers the FDA to regulate the amount of nicotine found in tobacco products, but may not require the reduction of nicotine yields of a tobacco product to zero. Any FDA regulation may require us to reformulate, recall and or discontinue certain of the products we may sell from time to time, which may have a material adverse effect on our ability to market our products and have a material adverse effect on our business, financial condition, results of operations, cash flows and/or future prospects.


Our business may be affected if we are taxed like other tobacco products or if we are required to collect and remit sales tax on certain of our internet sales.


Presently our products are not taxed like cigarettes or other tobacco products, all of which have faced significant increases in the amount of taxes collected on the sale of their products. Should state and federal governments and or taxing authorities impose taxes similar to those levied against cigarettes and tobacco products on our products, it may have a material adverse effect on the demand for our products.


Our success is dependent upon our marketing efforts.


If we are unable to generate significant market awareness for our products and our brands, our operations may not generate sufficient revenues for us to execute our business plan.  We rely, in part, on the efforts of our independent sales distributors and outside broker/dealer network to augment our internal sales efforts and distribute our product to wholesalers and or retailers to generate revenues. No single distributor currently accounts for a material percentage of our revenues and we believe that should any of these relationships terminate we would be able to find suitable replacements.  



20




We depend on a small number of third party suppliers and manufacturers for critical raw materials, components and certain of our electronic cigarette products.


 

We depend on a small number of third-party suppliers and manufacturers for raw materials, components and certain of our electronic cigarette products.  We depend on such suppliers to supply materials, components and products in a timely manner, in adequate quantities, consistent quality and at reasonable costs.  An interruption in supply and or consistency of our products may harm our relationships and goodwill with customers, and have a materially adverse effect on our cash flow and our operations.  


Although we believe that several alternative and redundant sources for our products are available, any failure to obtain the components, chemical constituents and manufacturing services necessary for the production of our products could have a material adverse effect on our business and prevent us from timely execution of our business plan and may result in additional expenditures of time and money in seeking viable new sources of supply and manufacturer alternatives.


Our financial results may vary significantly from period-to-period due to unpredictable sales cycles in certain of the markets into which we sell our products, and changes in the mix of products we sell during a period, which may lead to volatility in our stock price.


The size and timing of our potential revenue from sales to our customers is difficult to predict and is market-dependent. Our sales efforts will often require us to educate our customers about the use and benefits of our products, including their technical and performance characteristics. We intend to spend substantial amounts of time and money on our sales efforts and there is no assurance that these investments will produce any sales within expected time frames or at all.


Our profitability from period-to-period may also vary significantly due to the mix of products that we may sell in different periods. Consequently, sales of individual products may not necessarily be consistent across periods, which could affect product mix and cause gross and operating profits to vary significantly. As a result of these factors, we believe that quarter-to-quarter comparisons of our operating results cannot necessarily be relied upon to be meaningful and that these comparisons cannot be relied upon as indicators of future performance.


Product exchanges, returns and warranty claims may adversely affect our business.


If we are unable to maintain an acceptable degree of quality control of our products, we will incur costs associated with the exchange and return of our products as well as servicing our customers for warranty claims. Any of the foregoing on a significant scale may have a material adverse effect on our business, results of operations and financial condition.


Adverse economic conditions may adversely affect the demand for our products.


Electronic cigarettes are new to market and may be regarded by users as a novelty item and expendable. When economic conditions are prosperous, discretionary spending typically increases; conversely, when economic conditions are unfavorable, discretionary spending often declines. Any significant decline in economic conditions that affects consumer spending could have a material adverse effect on our business, results of operations and financial condition.



21




Internet security poses a risk to our e-commerce sales.


At present, we generate revenues through the sale of our products through our websites. We manage our websites and e-commerce platform internally and as a result any compromise of our security or misappropriation of proprietary information could have a material adverse effect on our business, prospects, financial condition and results of operations. We rely on encryption and authentication technology licensed from other companies to provide the security and authentication necessary to effect secure Internet transmission of confidential information, such as credit and other proprietary information. Advances in computer capabilities, new discoveries in the field of cryptography or other events or developments may result in a compromise or breach of the technology used by us to protect client transaction data. Anyone who is able to circumvent our security measures could misappropriate proprietary information or cause material interruptions in our operations. We may be required to expend significant capital and other resources to protect against security breaches or to minimize problems caused by security breaches. To the extent that our activities or the activities of others involve the storage and transmission of proprietary information, security breaches could damage our reputation and expose us to a risk of loss or litigation, government sanction, and possible liability. Our failure to prevent these security breaches may further result in consumer distrust and may also adversely affect our business, results of operations and financial condition.


We may incur losses that are not adequately covered by insurance, which may harm our results of operations. In addition, our insurance costs may increase and we may not be able to obtain similar insurance coverage in the future.


Although we believe we maintain insurance that is customary and appropriate for our business and its size, each of our insurance policies is subject to certain exclusions. The lack of adequate insurance for certain types or levels of risk could expose us to significant losses in the event that a catastrophe occurred for which we are underinsured. In addition to the damage caused to our properties by a casualty loss, we may suffer business disruption as a result of the casualty event or be subject to claims by third parties that may be injured or harmed. While we carry general liability insurance and business interruption insurance, there can be no assurance that insurance will be available or adequate to cover all loss and damage to which our business or our assets might be subjected. In addition, certain casualty events, such as labor strikes, nuclear events, loss of income due to terrorism, deterioration or corrosion, insect or animal damage and pollution, may not be covered under our policies. Any losses we incur that are not adequately covered by insurance may decrease our future operating income, require us to fund replacements or repairs for destroyed property and reduce the funds available for payments of our obligations.


We renew our insurance policies on an annual basis. To the extent that the cost of insurance coverage increases, we may be required to reduce our policy limits or agree to exclusions from our coverage.


We are subject to litigation in the ordinary course of our business. An adverse determination with respect to any such disputed matter could result in substantial losses.


We are, from time to time, during the ordinary course of operating our businesses, subject to various litigation claims and legal disputes, including contract, lease, employment and regulatory claims as well as claims made by visitors to our retail locations. Certain litigation claims may not be covered entirely or at all by our insurance policies or our insurance carriers may seek to deny coverage. In addition, litigation claims can be expensive to defend and may divert our attention from the operations of our businesses. Further, litigation, even if without merit, can attract adverse media attention. As a result, litigation can have a material adverse effect on our businesses and, because we cannot predict the outcome of any action, it is possible that adverse judgments or settlements could significantly reduce our earnings or result in losses.



22




Risks Relating to Ownership of Our Securities


Our stock price may be volatile, which may result in losses to our shareholders.


The stock markets have experienced significant price and trading volume fluctuations, and the market prices of companies listed on the Over-the-counter Bulletin Board quotation system in which shares of our common stock are listed, have been volatile in the past and have experienced sharp share price and trading volume changes. The trading price of our common stock is likely to be volatile and could fluctuate widely in response to many factors, including the following, some of which are beyond our control:


·

variations in our operating results;

·

changes in expectations of our future financial performance, including financial estimates by securities analysts and investors;

·

changes in regulations that are applicable to our industry;

·

changes in operating and stock price performance of other companies in our industry;

·

additions or departures of key personnel; and

·

future sales of our common stock, including common stock issued upon the conversion of existing indebtedness.


Domestic and international stock markets often experience significant price and volume fluctuations. These fluctuations, as well as general economic and political conditions unrelated to our performance, may also adversely affect the price of our common stock.  


Our common shares may become thinly traded and you may be unable to sell at or near ask prices, or at all.


We cannot predict the extent to which an active public market for trading our common stock will be sustained. Our common stock has historically been sporadically or “thinly-traded,” meaning that the number of persons interested in purchasing our common shares at or near bid prices at certain given time may be relatively small or non-existent.


This situation is attributable to a number of factors, including the fact that we are a small company which is relatively unknown to stock analysts, stock brokers, institutional investors and others in the investment community who generate or influence sales volume.  Even if we came to the attention of such persons, those persons tend to be risk-averse and may be reluctant to follow, purchase, or recommend the purchase of shares of an unproven company such as ours until such time as we become more seasoned and viable. As a consequence, there may be periods of several days or more when trading activity in our shares is minimal or non-existent, as compared to a seasoned issuer which has a large and steady volume of trading activity that will generally support continuous sales without an adverse effect on share price. We cannot give you any assurance that a broader or more active public trading market for our common stock will develop or be sustained.



23




Our stock is a penny stock, which may subject our common stock to abuse.


Shareholders should be aware that, according to SEC Release No. 34-29093, the market for penny stocks has suffered in recent years from patterns of fraud and abuse. Such patterns include (1) control of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer; (2) manipulation of prices through prearranged matching of purchases and sales and false and misleading press releases; (3) boiler room practices involving high-pressure sales tactics and unrealistic price projections by inexperienced sales persons; (4) excessive and undisclosed bid-ask differential and markups by selling broker-dealers; and (5) the wholesale dumping of the same securities by promoters and broker-dealers after prices have been manipulated to a desired level, along with the resulting inevitable collapse of those prices and with consequent investor losses. Our management is aware of the abuses that have occurred historically in the penny stock market. Although we do not expect to be in a position to dictate the behavior of the market or of broker-dealers who participate in the market, management will strive within the confines of practical limitations to prevent the described patterns from being established with respect to our securities. The occurrence of these patterns or practices could increase the volatility of our share price.


Because our common stock is a “penny stock,” trading therein will be subject to regulatory restrictions.


Our common stock is currently, and in the near future will likely continue to be, considered a “penny stock.” The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks generally are equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system). The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, to deliver a standardized risk disclosure document prepared by the SEC, which specifies information about penny stocks and the nature and significance of risks of the penny stock market. The broker-dealer also must provide the customer with bid and offer quotations for the penny stock, the compensation of the broker-dealer and any salesperson in the transaction, and monthly account statements indicating the market value of each penny stock held in the customer’s account. In addition, the penny stock rules require that, prior to a transaction in a penny stock not otherwise exempt from those rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. These disclosure and other requirements may adversely affect the trading activity in the secondary market for our common stock.


We do not anticipate paying any cash dividends to our common shareholders.


We presently do not anticipate that we will pay any cash dividends on any of our common stock in the foreseeable future. If payment of dividends does occur at some point in the future, it would be contingent upon our revenues and earnings, if any, capital requirements, and general financial condition. The payment of any cash dividends will be within the discretion of our Board of Directors, but subject to the terms of restrictive covenants that may be present in our contractual arrangements. We presently intend to retain all earnings to implement our business plan; accordingly, we do not anticipate the declaration of any cash dividends in the foreseeable future.


Volatility in our common share price may subject us to securities litigation.


The market for our common stock is characterized by significant price volatility as compared to seasoned issuers, and we expect that our share price will continue to be more volatile than a seasoned issuer for the indefinite future. In the past, plaintiffs have often initiated securities class action litigation against a company following periods of volatility in the market price of its securities. We may, in the future, be the target of similar litigation. Securities litigation could result in substantial costs and liabilities and could divert management's attention and resources.



24




The elimination of monetary liability against our directors, officers and employees under Nevada law and the existence of indemnification rights of our directors, officers and employees may result in substantial expenditures by our company and may discourage lawsuits against our directors, officers and employees.


Our Articles of Incorporation include a specific provision to eliminate the liability of our directors and officers for monetary damages to our company and shareholders to the maximum extent provided for by Nevada law. We may also adopt contractual indemnification obligations under employment agreements that we may enter into with our officers. The foregoing indemnification obligations could result in our company incurring substantial expenditures to cover the cost of settlement or damage awards against directors and officers, which we may be unable to recoup. These provisions and resultant costs may also discourage our company from bringing a lawsuit against directors and officers for breaches of their fiduciary duties, and may similarly discourage the filing of derivative litigation by our shareholders against our directors and officers even though such actions, if successful, might otherwise benefit our company and shareholders.


Our board of directors is authorized to issue additional shares of stock which could dilute existing shareholders.


We are currently authorized to issue up to 1,010,000,000 shares of common stock, of which 90,292,443 shares are currently issued and outstanding and up to 10,000,000 shares of preferred stock, none of which are issued and outstanding.  Additional shares of our common stock or preferred stock may be issued by our board of directors for such consideration as they may consider sufficient without seeking stockholder approval. The issuance of additional shares of common stock in the future will reduce the proportionate ownership and voting power of current stockholders and the issuance of preferred stock may also have a similar impact.


Provisions in our organizational documents and Nevada law will make it more difficult for someone to acquire control of us.


Our amended and restated articles of incorporation, amended and restated bylaws and Nevada law contain provisions that could discourage, delay or prevent a third party from acquiring our company, even if doing so may be beneficial to our stockholders. As an example, our restated articles of incorporation and amended and restated bylaws provide:


·

The ability to our board of directors to issue shares of our preferred stock in one or more series without further authorization of our stockholders;

·

A prohibition on stockholder action by written consent; and

·

A requirement that stockholders provide advance notice of any stockholder nominations of directors or any proposal of new business to be considered at any meeting of stockholders.


In addition, these provisions could limit the price investors would be willing to pay in the future for shares of our common stock.  


The majority of our board does not consist of independent directors, which limits our ability to establish effective independent corporate governance procedures.


Our board is composed of four directors, none of whom are independent based on the NASDAQ listing rules.  Without a majority of independent directors on our board, our ability to establish effective corporate governance procedures to oversee functions such as audit, compensation and corporate governance is limited.  Furthermore, a majority of our directors are also executive officers of the Company.  This structure gives our executive officers significant control over all corporate issues and decisions.



25




In the absence of a majority of independent directors, our executive officers, most of whom are also principal stockholders and directors, could establish policies and enter into transactions without independent review and approval.  This could present the potential for a conflict of interest between us and our shareholders generally and the controlling officers, shareholders or directors.  Although we anticipate seeking independent directors in the future, there can be no assurance as to whether or when we will be successful in appointing any new directors.


We are an “emerging growth company” under the JOBS Act of 2012, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.


We are an “emerging growth company,” as defined in the JOBS Act, and we may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements of section 404 of the Sarbanes-Oxley Act (which may increase the risk that weaknesses or deficiencies in our internal control over financial reporting go undetected), reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. We cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile. We will remain an “emerging growth company” for up to five years, although we will lose that status sooner if our revenues exceed $1 billion, if we issue more than $1 billion in non-convertible debt in a three year period, or if the market value of our common stock that is held by non-affiliates exceeds $700 million as of any June 30.


Because we have elected to use the extended transition period for complying with new or revised accounting standards for an “emerging growth company” our financial statements may not be comparable to companies that comply with public company effective dates.


We have elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act.  This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.  As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates.  Because our financial statements may not be comparable to companies that comply with public company effective dates, investors may have difficulty evaluating or comparing our business, performance or prospects in comparison to other public companies, which may have a negative impact on the value and liquidity of our common stock.


If securities analysts do not publish research or reports about our company, or if they issue unfavorable commentary about us or our industry and markets or downgrade our common stock, the price of our common stock could decline.


The trading market for our common stock will depend in part on the research and reports that third-party securities analysts publish about our company and our industry and markets. One or more analysts could downgrade our common stock or issue other negative commentary about our company or our industry or markets. In addition, we may be unable or slow to attract sufficient research coverage. Alternatively, if one or more of these analysts cease coverage of our company, we could lose visibility in the market. As a result of one or more of these factors, the trading price and volume of our common stock could decline.



26




Our officers, directors and principal stockholders can exert significant influence over our business and may make decisions that are not in the best interests of all stockholders.


Our officers, directors and principal stockholders (greater than 5% stockholders) collectively own approximately 42.3% of our issued and outstanding common stock.  As a result of such ownership, these stockholders will be able to affect the outcome of, or exert significant influence over, all matters requiring stockholder approval, including the election and removal of directors and any change in control. In particular, this concentration of ownership of our common stock could have the effect of delaying or preventing a change of control of our company or otherwise discouraging or preventing a potential acquirer from attempting to obtain control of our company. This, in turn, could have a negative effect on the market price of our common stock. It could also prevent our stockholders from realizing a premium over the market prices for their shares of our common stock.


The requirements of being a public company, including compliance with the reporting requirements of the Securities Exchange Act of 1934, as amended, and the requirements of the Sarbanes-Oxley Act of 2002, may strain our resources, increase our costs and distract management, and we may be unable to comply with these requirements in a timely or cost-effective manner.


As a public company, we need to comply with laws, regulations and requirements, certain corporate governance provisions of the Sarbanes-Oxley Act of 2002, related regulations of the SEC, and requirements of the principal trading market upon which our common stock may trade, with which we are not required to comply as a private company. As a result, we will incur significant legal, accounting and other expenses that a private company would not incur. Complying with these statutes, regulations and requirements will occupy a significant amount of the time of our board of directors and management, will require us to have additional finance and accounting staff, may make it more difficult to attract and retain qualified officers and members of our board of directors, particularly to serve on the audit committee (upon its formation), and may make some activities more difficult, time consuming and costly. We will need to:


·

institute a more comprehensive compliance function;

·

maintain internal policies, such as those relating to disclosure controls and procedures and insider trading;

·

design, establish, evaluate and maintain a system of internal control over financial reporting in compliance with the requirements of the Sarbanes-Oxley Act of 2002 and the related rules and regulations of the SEC and the Public Company Accounting Oversight Board;

·

prepare and distribute periodic reports in compliance with our obligations under the federal securities laws including the Securities Exchange Act of 1934, as amended (the “Exchange Act”);

·

involve and retain to a greater degree outside counsel and accountants in the above activities; and

·

establish an investor relations function.


If we are unable to accomplish these objectives in a timely and effective fashion for our business, our ability to comply with financial reporting requirements and other rules that apply to reporting companies could be impaired. If our finance and accounting personnel insufficiently support our business in fulfilling these public-company compliance obligations, or if we are unable to hire adequate finance and accounting personnel, we could face significant legal liability, which could have a material adverse effect on our financial condition and results of operations. Furthermore, if we identify any issues in complying with those requirements (for example, if our company or the independent registered public accountants identified a material weakness or significant deficiency in our company’s internal control over financial reporting), we could incur additional costs rectifying those issues, and the existence of those issues could adversely affect our reputation or investor perceptions of our company.



27




ITEM 1B. UNRESOLVED STAFF COMMENTS


None.


ITEM 2. PROPERTIES

 

Our principal corporate office and warehouse is located at 1871 Tapo Street, Simi Valley CA 93063.  Our corporate office is a leased facility comprised of approximately 5,000 square feet of office space, and is leased from a related party. We also operate one retail location from a leased premises located at 665 E. Los Angeles Ave, Simi Valley, CA 93065.  Our Simi Valley retail location measures approximately 1,600 square feet.  Our aggregate monthly rent for the above-described properties as well as an 1,800 square ft. storage facility is approximately $10,556.00 We believe our facilities are adequate to meet our current and near-term needs.  Our telephone number is (805) 309-0530.


ITEM 3. LEGAL PROCEEDINGS


Except as described below, we know of no material existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.  


On November 4, 2015, the Company filed a lawsuit in the Superior Court of California, County of Orange, Case Number 30-2015-00818492-CU-BC-CJC against Kevin Crump, an individual, Magnavape, Inc. and Magnavon, Inc. alleging breach of contract, fraud, negligent misrepresentation, intentional interference with economic advantage and negligent interference with economic advantage relating to the production by the defendants of the Company’s AR Mods. The lawsuit prayer is for $3,000,000. This amount includes general damages, lost profits and punitive damages against the defendants.  A mandatory settlement conference is scheduled for February 24, 2017 and a jury trial is scheduled for March 27, 2017. 



ITEM 4. MINE SAFETY DISCLOSURES.


Not applicable.



28




PART II


ITEM 5. MARKET FOR THE COMPANY’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES


Common Stock


Our common stock is currently quoted on the OTC Pink under the Symbol “VHUB”. Our common stock was originally listed for quotation on August 15, 2011 under the symbol “DOGI”.


The following table reflects the high and low bid information for our common stock and reflects inter-dealer prices, without retail mark-up, markdown or commission, and may not necessarily represent actual transactions.  On October 10, 2016, the closing sales price of our common stock as reported on the Over-The-Counter Bulletin Board was $0.0155 per share.  


 

 

High

 

Low

 

 

 

 

 

Year Ended June 30, 2016

 

 

 

 

First Quarter

 

0.048

 

0.02

Second Quarter

 

0.04

 

0.02

Third Quarter

 

0.049

 

0.018

Fourth Quarter

 

0.0301

 

0.0036


Year Ended June 30, 2015

 

 

 

 

First Quarter

 

0.16

 

0.01

Second Quarter

 

0.02

 

0.01

Third Quarter

 

0.05

 

0.01

Fourth Quarter

 

0.04

 

0.02

Stockholders of Record

 

As of October 13, 2016, an aggregate of 90,292,443 shares of our common stock were issued and outstanding and were owned by 6 stockholders of record.  Island Stock Transfer Inc., Roosevelt Office Center, 15500 Roosevelt Boulevard, Suite 301, Clearwater, Florida 33760 (Telephone: 727.289.0010) is the registrar and transfer agent for our common shares.


Dividends

 

We have not paid any cash dividends on our common stock and do not anticipate paying cash dividends in the foreseeable future.  We currently intend to retain all earnings, if and when generated, to finance our operations. The declaration of cash dividends in the future will be determined by our Board in its discretion based upon our earnings, financial condition, capital requirements, contractual obligations which may prohibit the payment of dividends, including our current or any future indebtedness, and other relevant factors, including restrictions imposed under Nevada statutes.  



29




Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities


During the fiscal year ended June 30, 2016, we issued the following equity securities:


Date of Issuance

Number of Shares of Common Stock

Recipient

Consideration

December 24, 2015

3,810,000

TCA Global Credit Master Fund, LP

Advisory services rendered.

February 16, 2016

918,386

Typenex Co-Investment, LLC

Conversion of debt into common stock.

March 15, 2016

918,386

Typenex Co-Investment, LLC

Conversion of debt into common stock.

April 15, 2016

3,160,556

Typenex Co-Investment, LLC

Conversion of debt into common stock.

May 15, 2016

5,597,441

Typenex Co-Investment, LLC

Conversion of debt into common stock.


In addition, on February 23, 2016, we issued a warrant exercisable on or before February 23, 2020 to purchase 100,000 shares of our common stock at an exercise price per share of $0.15 in connection with the termination of a profit sharing arrangement (see Note 3).  


The above issuances were made in reliance upon the exemption from registration set forth in Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D thereunder for transactions not involving a public offering.  Each investor represented that it is an “accredited investor” as defined in Regulation D.


Other than as described above, we did not sell any equity securities which were not registered under the Securities Act during the year ended June 30, 2016 that were not otherwise disclosed on our quarterly reports on Form 10-Q or our current reports on Form 8-K filed during the year ended June 30, 2016.  


ITEM 6. SELECTED FINANCIAL DATA


As a “smaller reporting company”, we are not required to provide the information required by this Item.


ITEM 7. MANAGEMENTS’ DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


The following discussion summarizes the significant factors affecting the operating results, financial condition and liquidity and cash flows of our company for the fiscal years ended June 30, 2016 and June 30, 2015.  You should read this discussion together with the consolidated financial statements, related notes and other financial information included in this Annual Report.  Except for historical information, the matters discussed in this Management’s Discussion and Analysis of Financial Condition and Results of Operations are forward looking statements that involve risks and uncertainties, including those discussed under Part I, Item 1A—”Risk Factors” and elsewhere in this Annual Report, and are based upon judgments concerning various factors that are beyond our control. These risks could cause our actual results to differ materially from any future performance suggested below.



30




Overview


We design, source, market and sell the next generation of smokeless electronic cigarettes which are popularly known as “vaping” devices.  We provide a selection of premium vaping devices and related accessories which we design and source, including our popular “Limitless Mods” and “Limitless Atomizers”, and we also purchase vaping devices and related accessories from third parties for resale.  We distribute our products nationally and internationally to wholesale customers and retail customers, including through our website www.vapor-hub.com.  We also market and sell our products through a retail location located in southern California.


Going Concern


Our consolidated financial statements have been presented on the basis that we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. Our cash balance as of June 30, 2016 along with other factors including our continuing net losses and working capital deficit raise doubt about our ability to continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the company to continue as a going concern.


We continue to face liquidity and capital resources constraints.  We do not believe that the proceeds from our existing financing facilities along with our operating cash flows will be sufficient to meet our financing needs for the next twelve months, and the extent of our future capital requirements will depend on many factors, including results of operations and the growth rate of our business.   Our near term objective is to raise debt or equity capital on the most favorable terms available to us to refinance our existing indebtedness and to finance our longer term growth. We are also continuing to pursue various means to increase revenues, reduce operating costs and improve cash flow.


Critical Accounting Policies and Estimates


We prepare our consolidated financial statements in accordance with U.S. GAAP. The preparation of consolidated financial statements also requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses, and related disclosures. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ significantly from the estimates made by our management. To the extent that there are differences between our estimates and actual results, our future financial statement presentation, financial condition, results of operations, and cash flows will be affected. Please refer to Note 2 “SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES” for further discussion.


Recently Issued Accounting Pronouncements


In August 2016 the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). ASU 2016-15 will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017. The new standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. We are currently in the process of evaluating the impact of adoption on our consolidated financial statements.



31




In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. We are currently in the process of evaluating the impact of the adoption on our financial statements.

 

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently evaluating the impact of adopting this guidance.


In November 2015, the FASB issued ASU 2015-17, which simplifies the presentation of deferred tax assets and liabilities on the balance sheet.  Previous GAAP required an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet.  The amendment requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet.  This ASU is effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018.  We are currently evaluating the potential impact this standard will have on our financial statements and related disclosures.


In September 2015, the FASB issued ASU 2015-16, which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This ASU is effective for interim and annual reporting period beginning after December 15, 2016, including interim periods within those fiscal years, with the option to early adopt for financial statements that have not been issued. We are currently evaluating the potential impact this standard will have on our financial statements and related disclosures.


In July 2015, the FASB issued ASU 2015-11, which requires an entity to measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments apply to inventory that is measured using first-in, first-out (FIFO) or average cost. This ASU is effective for interim and annual reporting periods beginning after December 15, 2016, with the option to early adopt as of the beginning of an annual or interim period. We do not expect the adoption of this ASU to have a significant impact on our financial position, results of operations and cash flows.


In April 2015, the FASB issued ASU 2015-03, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. We do not expect the adoption of this ASU to have a significant impact on our financial position, results of operations and cash flows.


We have reviewed other recent accounting pronouncements issued prior to the date of issuance of our financial statements included in this report, and do not believe any of these pronouncements will have a material impact on our consolidated financial statements.



32




Result of Operations for Year Ended June 30, 2016 and June 30, 2015


The following table sets forth, for the periods indicated, consolidated statements of operations information:


 

Year Ended June 30, 2016

 

Year Ended June 30, 2015

 

Change (Dollars)

Change (Percentage)

Revenue

$

6,497,550 

 

$

5,296,342 

 

$

1,201,208

22.68 

Cost of revenue

3,551,069 

 

3,202,067 

 

349,002  

10.90 

Gross Profit

2,946,481 

 

2,094,275 

 

      852,206

40.69 

General and administrative expenses

2,715,662 

 

2,510,360 

 

205,302  

8.18 

Net Profit (Loss) from Operations

230,819

 

(416,085)

 

646,904  

155.47

Other income (expense)

(864,662)

 

(195,512) 

 

    (669,150)

(342.26).

Net Loss

(634,643)

 

(613,997)

 

(20,646)

3.36 


Revenues:


Revenues are comprised of gross sales less returns and discounts.  In the year ended June 30, 2016, we generated revenues of $6,497,550 (net of returns and discounts of $35,917) and for the year ending June 30, 2015, we generated revenues of $5,296,342 (net of returns and discounts of $133,500).  The increase in revenues compared to the prior year period primarily results from growth of our wholesale distribution and direct distribution to retail store sales.  We expect revenues derived from our wholesale distribution, direct distribution to retail stores and sales through our websites, which collectively account for approximately 95% of our revenue, to increase as we increase our marketing initiatives. We anticipate that retail sales, which account for approximately 6.6% of our revenues, to remain flat or decline in subsequent periods.  We expect our sales growth to be driven by sales of our Limitless Mods, Limitless Atomizers and our Binary Premium e-Liquid line, which have been well received in the marketplace and collectively account for a majority of our sales.  


In 2016, approximately 28% of our sales were to customers outside of the United States.  We anticipate that our international sales will account for a greater portion of our revenues in fiscal year 2017 as we continue to increase our international marketing efforts, particularly in the United Kingdom and China.


Cost of Revenue:


Our cost of revenue primarily represents the cost of our outsourced manufacturing of our products and also the cost of purchasing products from third parties for resale.  Generally, our cost of revenue is lower on products that we directly source and is higher when we purchase products for resale from third parties. Our cost of revenue for the year ended June 30, 2016 was $3,551,069 and for the year ending June 30, 2015 was $3,202,067.  The increase in cost of revenues during the year ended June 30, 2016 compared to the prior year is primarily attributable to the period-over-period increase in our revenues.


Gross Profit:  Gross profit represents revenue less the cost of revenue.  During the year ended June 30, 2016, our gross profit was $2,946,481 and for the year ended June 30, 2015 our gross profit was $2,094,275.  The increase in gross profit during the year ended June 30, 2016 compared to the prior year is primarily attributable to the period-over-period increase in our revenues.  Our gross margin (which is gross profit as a percentage of revenue) for the year ended June 30, 2016 was 45.3% compared to 39.5 % for the prior year.  The increase in our gross margin during our year ended June 30, 2016 results primarily from our sale of a greater portion of higher margin products. We expect our gross profit and profit margins to increase in subsequent periods as we sell more of our proprietary products, including, without limitation our Limitless Mods and Binary Premium e-Liquids and our newly launched Limitless Atomizer, which have higher margins than products we purchase for resale.



33




General and Administrative Expense:   General and administrative expenses consist primarily of payroll and related costs, sales and marketing costs, infrastructure costs and costs associated with being a public reporting company.  During the year ended June 30, 2016, we incurred general and administrative expenses of $2,715,662 and in the comparable prior year ending June 30, 2015 we incurred general and administrative expenses of $2,510,360.  The increase in general and administrative expense during the year ended June 30, 2016 compared to the prior year period is attributable to increased sales and marketing costs, including costs associated with marketing our brands internationally, and costs associated with being a public reporting company.  Although our general and administrative expenses increased by 8.18% during the year ended June 30, 2016, as a percentage of revenues, our general administrative expenses decreased from 47.4% to 41.6% in 2016 compared to the prior year period.  We are continuing to evaluate our general and administrative expenses in an effort to reduce costs and improve our future profitability and cash flow.  


Other Expense: Other Expense for the year ended June 30, 2016 was $864,662 and primarily consists of interest expense of $176,560, finance fees of $103,695 incurred in connection with our credit facilities, amortization of debt discount of $348,316 and loss on extinguishment of debt of $475,575 offset by a change in derivative liability of $254,484 associated with our credit facilities with Typenex Co-Investment, LLC, Iliad Research & Trading, L.P and TCA Global Credit Master Fund, LP.  For the year ending June 30, 2015, we had Other Expense of $195,512 consisting primarily of interest expense of $163,016 and change in derivative liability of $19,609.


Net Loss: Net loss was $634,643 for the year ended June 30, 2016 and $613,997 for the year ending June 30, 2015, despite income from operations of $230,819 during the fiscal year ended June 30, 2016 as compared to a net loss from operations of $416,085 during the fiscal year ended June 30, 2015.  The increase in net loss from the prior year period primarily results from increased general and administrative expenses and other expenses offset by increased revenue and gross profit.


Seasonality


Our operating results and operating cash flows tend to be lower in the three month period ending March 31, compared to other periods. Due to the post-holiday season, the industry as a whole tends to be slower in January and February, with a moderate increase in sales beginning in March.    


Liquidity and Capital Resources


As of June 30, 2016, we had cash and cash equivalents of $607,960 and a working capital deficit of $934,884.  On June 30, 2015, we had cash and cash equivalents of $351,081 and a working capital deficit of $539,496.  A summary of our net working capital as of June 30, 2016 and 2015 and our cash flows for the year ended June 30, 2016 and June 30, 2015 from our operating, investing and financing activities are summarized in the following tables:


Net Working Capital

 

 

 

 

  

 

As of

 June 30, 2016

 

As of

June 30, 2015

Current Assets

 

$

1,376,305 

 

794,377 

Current Liabilities

 

2,311,189 

 

1,333,873 

Net Working Capital (deficit)

 

$

(934,884)

 

(539,496)




34




Cash Flows

Year Ended

 

Year Ended

 

June 30, 2016

 

June 30, 2015

Net cash provided (used) in Operating Activities

$

138,176 

 

$

(437,359)

Net cash used in Investing Activities

(5,734)

 

(39,890)

Net cash provided by Financing Activities

124,437 

 

520,763 

Increase (Decrease) in Cash during the Year

256,879 

 

43,514 

Cash, Beginning of Period

351,081 

 

307,567 

Cash, End of Year

607,960 

 

351,081 


Operating Activities


Net cash provided by operating activities was $138,176 for the year ended June 30, 2016 compared to net cash used by operating activities of $437,359 for the year June 30, 2015.  For the year ended June 30, 2016, net operating cash provided by operations primarily results from amortization of debt discount on convertible notes, amortization of debt discount on short term note, amortization of deferred finance costs, loss on extinguishment of old loans, increased accounts payable and accrued expenses and a decrease in other prepaid expenses and other current assets offset by net loss from operations, change in derivative liability and an increase in inventory.  For the year ending June 30, 2015, net operating cash used in operations primarily results from our net loss, increases in inventory and a decrease in deferred income offset by an increase in accounts payable and accrued expenses.


Investing Activities


Net cash used in investing activities was $5,734 for the year ended June 30, 2016 compared to $39,890 for the year ending June 30, 2015 and consists of the purchase of equipment in both fiscal years.  


Financing Activities


Net cash provided by financing activities was $124,437 for the year ended June 30, 2016 and $520,763 for the year ending June 30, 2015.  For the year ending June 30, 2016, net cash provided by financing activities includes proceeds from convertible promissory notes payable of $593,350 offset by payments on convertible notes payable of $531,359; proceeds from short term notes payable of $296,639 offset by payments for short term loans of $157,295; payments on financed insurance premiums of $73,750; payments on leased property loans and auto loans of $10,245, and net proceeds on affiliate loans of $7,097.  For the year ended June 30, 2015, net cash provided by financing activities includes proceeds from convertible promissory notes payable of $272,008, proceeds from short term notes payable of $483,071, proceeds from affiliate loans of $80,543 offset by payments on affiliate loans of $85,608, payments on convertible notes payable of $70,313 and payments on short term notes payable of $152,291.


As of June 30, 2016, we had a balance of approximately $103,409 outstanding as related party loans from Kyle Winther, our CEO, Lori Winther, our CFO and Winther & Company (an entity owned by Lori Winther and her husband, Niels Winther, who is a director of the company). The outstanding balances are non-interest bearing and repayable upon demand.  


For a description of our financing facilities, please see Notes 7 and 9.



35




Future Capital Requirements


Our capital requirements for the next twelve months will not be able to be funded in their entirety from our operating cash flows.  We believe it will be necessary to raise additional funds to finance our operations, and intend to do so through equity financings, debt financings, or from other sources.  The extent of our future capital requirements will depend on many factors, including results of operations and the growth rate of our business.


Although we intend to raise capital to finance our operations, there can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain additional financing on a timely basis, we may not be able to grow our operations as planned, may not be able to meet our other obligations as they become due and may ultimately be forced to restructure our operations.


If we are successfully able to raise capital, the issuance of additional equity securities by us could result in significant dilution in the equity interests of our current stockholders and if capital is raised through debt facilities, such facilities will increase our liabilities and future cash commitments, and may also impose restrictive covenants relating to the operation of our business.


We presently do not have any arrangements for additional financing and will continue to evaluate various financing strategies to support our current operations and fund our future growth.


Off Balance Sheet Arrangements


We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.


Contractual Obligations


As a “smaller reporting company”, we are not required to provide tabular disclosure obligations.


ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


As a “smaller reporting company”, we are not required to provide the information required by this Item.




36




ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA





INDEX TO CONSOLIDATED FINANCIAL STATEMENTS


Audited Financial Statements: 

Page

 

 

Report of Independent Registered Public Accounting Firm

38

 

 

Consolidated Balance Sheets at June 30, 2016 and 2015

40

 

 

Consolidated Statements of Operations for the Years Ended June 30, 2016 and 2015

41

 

 

Consolidated Statement of Stockholders’ Deficit for the Years Ended June 30, 2016 and 2015

42

 

 

Consolidated Statements of Cash Flows for the Years Ended June 30, 2016 and 2015

43

 

 

Notes to Consolidated Financial Statements

44

 



37





REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

To the Board of Directors and Stockholders

of Vapor Hub International, Inc.


We have audited the accompanying consolidated balance sheet of Vapor Hub International, Inc. (the “Company”) as of June 30, 2016, and the related consolidated statements of operations, changes in stockholders’ deficit, and cash flows for the year ended June 30, 2016. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.


We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement.  The Company has determined that it is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting.  Accordingly, we express no such opinion.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our audit provide a reasonable basis for our opinion.


In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Vapor Hub International, Inc. as of June 30, 2016, and the consolidated results of its operations and its cash flows for the year ended June 30, 2016, in conformity with accounting principles generally accepted in the United States of America.


The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern.  As discussed in Note 2 to the consolidated financial statements, the Company has no revenues, a history of incurring net losses and net operating cash flow deficits and has limited cash.  The Company may not have adequate readily available resources to fund operations through fiscal 2017.  These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans regarding these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.



/s/ HALL & COMPANY

Irvine, California

October 13, 2016



38



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 


To the Board of Directors and

Stockholders of Vapor Hub International, Inc.


We have audited the accompanying consolidated balance sheets of Vapor Hub International, Inc. (the “Company”) as of June 30, 2015, and the related consolidated statements of operations, stockholders’ deficit, and cash flows for the year ended June 30, 2015. The Company’s management is responsible for these consolidated financial statements. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.


We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our audit provide a reasonable basis for our opinion.


In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of June 30, 2015, and the results of its consolidated operations and its cash flows for the year ended June 30, 2015 in conformity with accounting principles generally accepted in the United States of America.


The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern.  As discussed in Note 2 to the consolidated financial statements, the Company has incurred losses from operations.  The Company requires additional funds to meet its working capital requirements.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.  Management’s plans in this regard are described in Note 2.  The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.


/s/ Hartley Moore Accountancy Corporation

Irvine, California

October 13, 2015



39



VAPOR HUB INTERNATIONAL INC. AND SUBSIDIARIES

Balance Sheets


 

June 30, 2016

 

June 30, 2015

                                         Assets

 

 

 

Current assets

 

 

 

     Cash

$

607,960 

 

$

351,081 

     Account receivable

880

 

9,511 

     Inventory

585,489

 

323,784 

     Prepaid expenses and other current assets

38,254

 

61,269 

     Deferred finance costs

133,166

 

39,258 

     Other current assets

10,556 

 

9,474 

Total current assets

1,376,305 

 

794,377 

Fixed assets, net

134,223 

 

159,546 

Long term assets

14,341 

 

6,895 

     Total assets

$

1,524,869 

 

$

960,818 

 

 

 

 

                       Liabilities and Stockholders' Deficit

 

 

 

Current liabilities

 

 

 

     Accounts payable and accrued expenses

$

828,146

 

$

509,618 

     Deferred income

94,754 

 

82,499 

     Equipment leases payable

                       1,247

 

                              -

     Convertible notes payable, net of unamortized debt discount

448,539 

 

192,091 

     Notes payable, net of unamortized debt discount

7,211 

 

384,769 

     Loans from related parties

103,409 

 

96,312 

     Derivative liabilities

827,883 

 

68,584 

     Total current liabilities

2,311,189 

 

1,333,873 

 

 

 

 

Long term liabilities

 

 

 

     Equipment leases payable

 

5,440 

     Notes Payable

    23,137 

 

29,189 

 

 

 

 

     Long term liabilities

23,137 

 

34,629 

          Total liabilities

2,334,326 

 

1,368,502 

 

 

 

 

Commitments and contingencies

 

 

 

 

 

Stockholders' deficit

 

 

 

     Preferred stock, $0.001 par value, 10,000,000 authorized, 0 issued and outstanding as of June 30, 2016 and 2015

 

     Common stock, $0.001 par value, 1,010,000,000 and 140,000,000 shares authorized, 86,860,375 and 72,455,606 issued and outstanding as of June 30, 2016 and 2015, respectively

86,860 

 

72,456 

     Additional paid-in capital

775,929 

 

557,463

    Accumulated deficit

(1,672,246)

 

(1,037,603)

          Total stockholders' deficit

(809,457)

 

(407,684)

          Total liabilities and stockholders' deficit

$

1,524,869 

 

$

960,818 


The accompanying notes are an integral part of these financial statements



40



VAPOR HUB INTERNATIONAL INC. AND SUBSIDIARIES

Statements of Operations


 

Year Ended

June 30, 2016

 

Year Ended

June 30, 2015

Revenue

$

6,497,550 

 

$

5,296,342 

 

 

 

 

Cost of revenue

3,551,069 

 

3,202,067 

 

 

 

 

Gross profit

2,946,481 

 

2,094,275 

 

 

 

 

    Wages and Payroll Taxes

1,392,805 

 

1,207,369 

    Other general and administrative expenses

1,322,857 

 

1,302,991 

 

 

 

 

General and administrative expenses

2,715,662 

 

2,510,360 

 

 

 

 

Net income  (loss) from operations

230,819 

 

(416,085)

 

 

 

 

Other income (expense)

 

 

 

     Investor Settlement

(15,000)

 

     Interest expense

(176,560)

 

(163,016)

     Finance fees

(103,695)

 

(6,762)

     Interest expense- debt discount

(348,316)

 

(6,125)

     Loss on extinguishment of debt

(475,575)

 

     Change in derivative liability

254,484 

 

(19,609)

Other income (expense)

(864,662)

 

(195,512)

 

 

 

 

Loss before taxes

(633,843)

 

(611,597)

 

 

 

 

Income tax provision

800 

 

2,400 

 

 

 

 

Net loss

$

(634,643)

 

$

(613,997)

 

 

 

 

Net loss per share:

 

 

 

Basic and diluted

$

(0.01)

 

$

(0.01)

 

 

 

 

Weighted average shares outstanding:

 

 

 

Basic and diluted

76,419,180 

 

68,164,099 



The accompanying notes are an integral part of these financial statements




41




VAPOR HUB INTERNATIONAL INC. AND SUBSIDIARIES

Statement of Changes in Stockholders’ Deficit

For the year ending June 30, 2016 and 2015


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional

 

 

 

Total

 

 

 

 

Common Stock

 

Paid-In

 

Accumulated

 

Stockholders’

 

 

 

 

Shares

 

Amount

 

Capital

 

 Deficit

 

Deficit

 

Balance, July 1, 2014

68,060,001

 

$

68,060

 

$

(69,331)

 

$

(423,606)

 

$

(427,877)

 

 

Stock issued for services

300,000

 

300

 

5,700 

 

 

6,000 

 

 

Stock options granted

-

 

-

 

10,850 

 

 

10,850 

 

 

Gotama note conversion

4,095,605

 

4,096

 

610,244 

 

 

614,340 

 

 

Net loss

-

 

-

 

 

(613,997)

 

(613,997)

 

Balance, June 30, 2015

72,455,606

 

72,456

 

557,463 

 

(1,037,603)

 

(407,684)

 

       Stock issued for advisory fee

3,810,000

 

3,810

 

99,060 

 

 

102,870 

 

       Stock issued for Conversion of Debt

10,594,769

 

10,594

 

119,406 

 

 

130,000 

 

       Net loss

-

 

-

 

 

(634,643)

 

(634,643)

 

Balance, June 30, 2015

86,860,375

 

$

86,860

 

$

775,929 

 

$

(1,672,246)

 

$

(809,457)

 

 

 

 

 

 

 

 

 

 

 

 



The accompanying notes are an integral part of these financial statements




42




VAPOR HUB INTERNATIONAL INC. AND SUBSIDIARIES

Statements of Cash Flows

 

Year Ended June 30, 2016

 

Year Ended June 30, 2015

Operating Activities

 

 

 

     Net loss

$

(634,643)

 

$

(613,997)

     Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

          Depreciation

31,057 

 

22,051 

          Amortization of debt discount on convertible notes

348,316 

 

3,226 

          Amortization of debt discount on short term note

 

5,902 

          Amortization of deferred finance costs

83,380 

 

6,762 

          Amortization of derivative debt discount

 

6,125 

          Loss on extinguishment of old loans

475,575 

 

          Change in derivative liability

(254,484)

 

19,609 

          Non cash finance fees

 

11,875 

          Non cash interest for conversion of notes payable

 

54,341 

          Share based compensation for services- common stock

 

6,000 

          Share based compensation - options

 

10,850 

     Changes in operating assets and liabilities:

 

 

 

          Accounts receivable

8,631 

 

(9,511)

          Inventory

(261,705)

 

(127,621)

          Prepaid expenses and other current assets

54,811 

 

96,638 

          Security deposit

(7,446)

 

5,267 

          Deferred income

12,255 

 

(224,636)

          Accounts payable and accrued expenses

282,430 

 

289,760 

Net cash used in operating activities

138,176 

 

(437,359)

 

 

 

 

Investing Activities

 

 

 

     Purchase of property and equipment

(5,734)

 

(39,890)

Net cash used in investing activities

(5,734)

 

(39,890)

 

 

 

 

Financing Activities

 

 

 

     Payment on leased property loans

(4,193)

 

(3,772)

     Payments on financed insurance premiums

(73,750)

 

 

     Proceeds from related party loans

75,000 

 

80,543 

     Payments on related party loans

(67,903)

 

(85,608)

     Net proceeds from convertible notes payable

593,350 

 

272,008 

     Payments on convertible notes payable

(531,359)

 

(70,313)

     Net proceeds from short term notes payable

296,639 

 

483,071 

     Payments on short term notes payable

(157,295)

 

(152,291)

     Payments on auto loan payable

(6,052)

 

(2,875)

Net cash provided by financing activities

124,437 

 

520,763 

 

 

 

 

Net change in cash

256,879 

 

43,514 

Cash at beginning of period

351,081 

 

307,567 

Cash at end of period

$

607,960 

 

$

351,081 

 

 

 

 

Supplemental disclosure of cash flow information:

 

 

 

     Cash paid for:

 

 

 

          Interest

$

161,274 

 

$

106,738 

          Income taxes

$

800 

 

$

2,400 

 

 

 

 

Non-cash transactions:

 

 

 

          Insurance premium financing

$

32,878 

 

$

13,001 

          Non cash assumption of vehicle note payable ($36,976 vehicle cost and $2,299 prepaid warranty)

$

 

$

39,275 

          Common stock issued for convertible notes payable

$

130,000 

 

$

614,340 

          Non cash repayment and borrowings of short term note payable

$

 

$

69,054 

          Non-cash additions to note payable

$

831,256 

 

$

          Debt extinguishment

$

715,289 

 

$

         Original issue discount on notes payable

$

 

$

60,000 

          Additional debt discount

$

83,089 

 

$

         Advisory fee paid in common stock

$

102,870 

 

$

          Derivative liability

$

706,911 

 

$

48,975 


The accompanying notes are an integral part of these financial statements



43




VAPOR HUB INTERNATIONAL INC. AND SUBSIDIARIES

Notes to Financial Statements


NOTE 1- INCORPORATION, NATURE OF OPERATIONS AND ACQUISITION


Vapor Hub International Inc. (formerly DogInn, Inc.) (hereinafter known as “the Company”) was incorporated in the State of Nevada on July 15, 2010. On February 14, 2014, the Company entered into a Share Exchange Agreement with Vapor Hub Inc., a California corporation (“Vapor”), Delite Products, Inc., a California corporation (“Delite”) and the shareholders of both companies (the “Exchange Agreement”).  As a result of the closing of the transactions contemplated by the Exchange Agreement, Vapor and Delite became the Company’s wholly owned subsidiaries (which subsidiaries were subsequently merged into the Company on May 18, 2015, ending the separate existences of Vapor and Delite.) and the Company now carries on the business of developing, producing, marketing and selling the next generation of electronic cigarettes, known as vaping devices, and related accessories, including e-liquids, batteries and atomizers.


Business Overview


Product Description


Vaping devices (as well as electronic cigarettes, also known as e-cigarettes) are battery-powered products that allow users to inhale water vapor instead of the smoke, ash, tar and carbon monoxide associated with traditional cigarettes. In contrast to e-cigarettes, vaping devices are often precision manufactured from metallic materials and do not look like traditional cigarettes. Vaping devices, as compared to e-cigarettes, also offer a unique user experience as a result of greater vapor production, enriched taste, and an ability to highly customize a device with different mechanical components and fashionable accessories, including different colors and finishes.


Sourcing


The Company uses third party contract manufacturers to produce and finish its mods (“Mods”), including its Limitless Mechanical Mod, from facilities located in both Southern California and China.  The Company’s Mods, which are made from a metallic material such as steel, brass or copper, are custom machined to meet the Company’s design specifications.  Once machined, unfinished products are delivered to the Company’s location in Simi Valley or to a third party service provider to be buffed, polished and to add various treatments and embellishments, such as paint and engravings.  Finished products are then held in inventory for distribution and sale. In the Company’s fiscal year ended June 30, 2015, the Company relied on one manufacturer to machine all of its Mods and in the fiscal year ended June 30, 2016, the Company relied on two.  Although the Company has relied on a limited number of manufacturers to machine its Mods, the Company believes manufacturing capacity is available to meet its current and planned needs. The Company does not currently have any long term agreements in place for the manufacture of its Mods.


With respect to the Company’s custom designed atomizers which it markets and distributes globally, in the Company’s fiscal year ended June 30, 2016, the Company sourced these products from one manufacturer located in the United States.  In the Company’s fiscal year ended June 30, 2015, the Company sourced its atomizers from two manufacturers located in the United States.  The Company believes that suppliers for its atomizers are available to meet its current and planned needs.


The Company sources its proprietary E-liquids (such as our Binary Premium E-Liquid) from an ISO Class 7 certified manufacturer in the USA, which helps ensure their purity and quality.  In addition to sourcing its own e-liquids, the Company also purchases e-liquid from other reputable American suppliers for resale through its distribution channels.



44




Product Distribution


Products distributed by the Company include vaping devices and related accessories purchased from third parties for resale as well as its own vaping devices and related accessories, which it designs and sources, including its popular “Limitless Mechanical Mods”, “Limitless Box Mod” and “Limitless Atomizer”, as well as “Binary Premium e-Liquid”.


The Company markets and sells its vaping devices and related products to end customers through its website www.vapor-hub.com, to retail stores through direct sales both in the United States and internationally, and through third party wholesalers both in the United States and internationally who then resell the Company’s products to retailers in their territory.  Retailers of the Company’s products include vaping shops throughout the United States and in approximately 23 other countries.   The Company also distributes its products on a limited basis through convenience stores and gas stations.  In 2016 and 2015, approximately 28% and 6%, respectively, of the Company’s sales were to customers outside of the United States.  All such sales are denominated in United States Dollars, therefore, there are no foreign currency risks associated with international sales by the Company. All assets and liabilities are generated and located in the United States.


With respect to vaping devices and related products that the Company sells through third party wholesalers, the Company typically sells its products to these wholesalers for their re-sale on a non-exclusive basis and the Company also typically does not have long term contractual arrangements with any of its wholesalers.  


Operation of Retail Stores


The Company sells its products and those of third parties to end consumers directly through its retail location located in Simi Valley, California.  Through its retail location, the Company sells and markets vaping devices as well as e-liquid, accessories, and supplies relating to vaping devices to both novice users as well as consumers who demand high end technical devices.  October 15, 2015, the Company closed a second retail location that it previously operated in Chatsworth, California and the Company has no plans to open additional stores.


The Company opened its retail locations in order to create brand recognition for its products and also to enable the Company to gather information about user preferences in the rapidly evolving vaping industry.  In 2016 and 2015, the Company’s retail sales accounted for approximately 6.6% and 10% of its revenue, respectively.  


NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  


This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s consolidated financial statements. The consolidated financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to GAAP and have been consistently applied in the preparation of the consolidated financial statements.


Basis of Presentation


The financial statements, and the accompanying notes, are prepared in accordance with US GAAP and pursuant to the instructions to Form 10-K of the Securities and Exchange Commission.  The Company’s fiscal year end is June 30.


The Company operates in one segment, in accordance with accounting guidance Financial Accounting Standards Board (“FASB”) ASC Topic 280, Segment Reporting. The Company’s Chief Executive Officer has been identified as the chief operating decision maker as defined by FASB ASC Topic 280.




45




Going Concern


The Company’s consolidated financial statements have been presented on the basis that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company’s cash balance as of June 30, 2016 along with its continued net losses and working capital deficit along with other factors raise substantial doubt about its ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.  


The Company continues to face liquidity and capital resources constraints despite generating $138,176 in cash from operations in the fiscal year ended June 30, 2016.  The Company does not believe that the proceeds from its debt facilities (see Note 7 and Note 9) along with its operating cash flows will be sufficient to meet its financing needs for the next twelve months. The extent of the Company’s future capital requirements will depend on many factors, including the Company’s results from operations and the growth rate of the Company’s business. The Company’s near term objective is to raise debt or equity capital to fund its immediate cash needs and to finance its longer term growth on terms that are more favorable than the company’s existing credit facilities. The Company is also pursuing various means to increase revenues, reduce operating costs and to improve overall cash flow.


The Company presently does not have any arrangements for additional financing. However, the Company continues to evaluate various financing strategies to support its current operations and fund its future growth.


Use of Estimates


The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates significant estimates and assumptions related to its accounts receivable allowance, accounts payable, deferred income tax asset valuation allowances, fair value of derivative liability, fair value of stock and stock options, useful life of fixed assets, recoverability of long lived assets, inventory reserves, estimates of sales return and accrual for potential liabilities. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.


Cash and Cash Equivalents


The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. At June 30, 2016, the Company had no cash equivalents.


Concentration of Risk


Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash. The Company places its cash with high quality banking institutions.  The Company had $295,799 in excess of FDIC insured limits.


The Company relied on two and one manufacturer(s) to make all of the Company’s Mods during the years ended June 30, 2016 and 2015, respectively.



46




Financial Instruments and Fair Value Measurement


Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:


Level 1- applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.


Level 2- applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.


Level 3- applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.


The Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, and amounts due to related parties, and derivative liabilities and convertible notes payable. Pursuant to ASC 820, the fair value of the Company’s cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. Pursuant to ASC 820, the fair value of the Company’s derivative liability is determined based on “Level 3” inputs, which consist of unobservable inputs. The Company believes that the recorded values of all of its other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.


Revenue Recognition


The Company recognizes revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.


For retail transactions, revenue is recognized at the point of sale.  For wholesale and online transactions, revenue is recognized at the time goods are shipped.


Shipping and Handling


Payments by customers to the Company for shipping and handling costs are included in revenue on the statements of operations, while the Company’s expense is included in cost of goods sold. Shipping and handling for inventory is included as a component of inventory on the balance sheets, and in cost of revenues in the statements of operations when the product is sold.


Deferred Income


The Company accrues deferred income when customer payments are received, but product has not yet shipped. As of June 30, 2016 and 2015, the Company had recorded $94,754 and $82,499, respectively for deferred income as a result of prepayments for product made by customers. Those prepayments are recognized into revenue at the point those prepaid products have subsequently shipped. The Company recognized the $82,499 into revenue during the year ended June 30, 2016. The Company expects to recognize the $94,754 into revenue during the following fiscal year.



47




Inventories


Inventories consist primarily of vaping devices, electronic cigarettes, e-liquid and related supplies and accessories and are stated at the lower of cost (first-in, first-out) or market value.


Property and Equipment


Property and equipment consists of computer equipment, furniture, facility equipment, and leasehold improvements which are carried at historical cost and are depreciated over the estimated useful lives of the related assets. Estimated useful lives are from 3 to 10 years. Expenditures for maintenance and repairs are charged against operations. The modified accelerated cost recovery system (straight line) is used for federal income tax purposes and also for financial reporting as the difference between the two does not appear to be material.


Impairment of Long-lived Assets and Goodwill


The Company evaluates goodwill for impairment annually in the fourth quarter, and whenever events or changes in circumstances indicate it is more likely than not that the fair value of a reporting unit containing goodwill is less than its carrying amount.  The goodwill impairment test consists of a two-step process, if necessary. The first step is to compare the fair value of a reporting unit to its carrying value, including goodwill. The Company typically uses discounted cash flow models to determine the fair value of a reporting unit. The assumptions used in these models are consistent with those the Company believes hypothetical marketplace participants would use. If the fair value of the reporting unit is less than its carrying value, the second step of the impairment test must be performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill.


The Company periodically evaluates whether the carrying value of property, equipment and intangible assets has been impaired when circumstances indicate the carrying value of those assets may not be recoverable.  The carrying amount is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset.  If the carrying value is not recoverable, the impairment loss is measured as the excess of the asset’s carrying value over its fair value.


The Company’s impairment analyses require management to apply judgment in estimating future cash flows as well as asset fair values, including forecasting useful lives of the assets, assessing the probability of different outcomes, and selecting the discount rate that reflects the risk inherent in future cash flows. If the carrying value is not recoverable, the Company assess the fair value of long-lived assets using commonly accepted techniques, and may use more than one method, including, but not limited to, recent third party comparable sales and discounted cash flow models.  If actual results are not consistent with the Company’s assumptions and estimates, or the Company’s assumptions and estimates change due to new information, the Company may be exposed to an impairment charge in the future.


Advertising Expense


Advertising costs are expensed as incurred. Advertising expense for the year ended June 30, 2016 and 2015 were $106,734 and $140,771, respectively and are included in general and administrative expenses.



48




Debt


The Company issues debt that may have separate warrants, conversion features, or no equity-linked attributes.


Convertible debt – derivative treatment – When the Company issues debt with a conversion feature, the Company must first assess whether the conversion feature meets the requirements to be treated as a derivative, as follows:  a) one or more underlyings, typically the price of our common stock; b) one or more notional amounts or payment provisions or both, generally the number of shares upon conversion; c) no initial net investment, which typically excludes the amount borrowed; and d) net settlement provisions, which in the case of convertible debt generally means the stock received upon conversion can be readily sold for cash. An embedded equity-linked component that meets the definition of a derivative does not have to be separated from the host instrument if the component qualifies for the scope exception for certain contracts involving an issuer’s own equity.  The scope exception applies if the contract is both a) indexed to its own stock; and b) classified in stockholders’ equity in its statement of financial position.


If the conversion feature within convertible debt meets the requirements to be treated as a derivative, the Company estimates the fair value of the convertible debt derivative using Black-Scholes upon the date of issuance.  If the fair value of the convertible debt derivative is higher than the face value of the convertible debt, the excess is immediately recognized as interest expense.  Otherwise, the fair value of the convertible debt derivative is recorded as a liability with an offsetting amount recorded as a debt discount, which offsets the carrying amount of the debt.  The convertible debt derivative is revalued at the end of each reporting period and any change in fair value is recorded as a gain or loss in the statement of operations.  The debt discount is amortized through interest expense over the life of the debt.


Convertible debt – beneficial conversion feature – If the conversion feature is not treated as a derivative, the Company assess whether it is a beneficial conversion feature (“BCF’).  A BCF exists if the conversion price of the convertible debt instrument is less than the stock price on the commitment date.  This typically occurs when the conversion price is less than the fair value of the stock on the date the instrument was issued.  The value of a BCF is equal to the intrinsic value of the feature, the difference between the conversion price and the common stock into which it is convertible, and is recorded as additional paid in capital and as a debt discount in the balance sheet.  The Company amortizes the balance over the life of the underlying debt as amortization of debt discount expense in the consolidated statement of operations.  If the debt is retired early, the associated debt discount is then recognized immediately as amortization of debt discount expense in the statement of operations.


If the conversion feature does not qualify for either the derivative treatment or as a BCF, the convertible debt is treated as traditional debt.


Accounting for Derivatives Liabilities


The Company evaluates contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40, Derivative Instruments and Hedging: Contracts in Entity’s Own Equity. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date. See Note 8 for disclosure of derivatives and their valuation related to various convertible debt agreements.



49




Modification of Debt Instruments


Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different.  The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument.  The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test.  If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.


Deferred Financing Costs, Net


Costs with respect to the issuance of common stock, warrants, stock options or debt instruments by the Company are initially deferred and ultimately offset against the proceeds from such equity transactions or amortized to interest expense over the term of any debt funding, if successful, or expensed if the proposed equity or debt transaction is unsuccessful.


For the year ending June 30, 2016, the Company incurred $199,750 in costs in connection with the negotiation of a financing transaction with TCA Global Credit Master Fund, LP. The unamortized finance costs for the years ended June 30, 2016 and 2015 were $133,167 and $39,654 respectively.  


Basic and Diluted Net Income per Share


The Company computes net income per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants or debentures. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of June 30, 2016 and 2015, there were no dilutive securities as the Company had incurred net losses.


Income Taxes


The Company accounts for income taxes under the provisions of ASC Topic 740-10, Income Taxes, which requires the Company to recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined and income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes determined on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. As of June 30, 2016 and 2015, the Company has federal and state net operating loss carry forwards of approximately $746,000 and $463,000, respectively, which will begin to expire in 2030 unless utilized in earlier years.



50




When there are uncertainties related to potential income tax benefits, in order to qualify for recognition, the position the Company takes has to have at least a “more likely than not” chance of being sustained (based on the position’s technical merits) upon challenge by the respective authorities. The term “more likely than not” means a likelihood of more than 50 percent. Otherwise, the Company may not recognize any of the potential tax benefit associated with the position. The Company recognizes a benefit for a tax position that meets the “more likely than not” criterion at the largest amount of tax benefit that is greater than 50 percent likely of being realized upon its effective resolution. Unrecognized tax benefits involve management’s judgment regarding the likelihood of the benefit being sustained. The final resolution of uncertain tax positions could result in adjustments to recorded amounts and may affect our results of operations, financial position and cash flows.


The Company reviews its filing positions for all open tax years in all U.S. federal and state jurisdictions where the Company is required to file. The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The tax years subject to examination by major tax jurisdictions include the 2011 Fiscal Period and forward by the U.S. Internal Revenue Service, and the 2011 Fiscal Period and forward for various states.


Stock Based Compensation


Issuances of the Company’s common stock for acquiring goods or services are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The measurement date for the fair value of the equity instruments issued to consultants or vendors is determined at the earlier of (i) the date at which a commitment for performance to earn the equity instruments is reached (a “performance commitment” which would include a penalty considered to be of a magnitude that is a sufficiently large disincentive for nonperformance) or (ii) the date at which performance is complete. However, situations may arise in which counter performance may be required over a period of time but the equity award granted to the party performing the service is fully vested and non-forfeitable on the date of the agreement. As a result, in this situation in which vesting periods do not exist as the instrument is fully vested on the date of agreement, the Company determines such date to be the measurement date and will record the estimated fair market value of the instrument granted as a prepaid expense and amortize such amount to general and administrative expense in the accompanying statement of operations over the contract period. When it is appropriate for the Company to recognize the cost of a transaction during financial reporting periods prior to the measurement date, for purposes of recognition of costs during those periods, the equity instrument is measured at the then-current fair values at each of those interim financial reporting dates.


For purposes of determining the variables used in the calculation of stock compensation expense under the provisions of FASB ASC Topic 505, “Equity” and FASB ASC Topic 718, “Compensation — Stock Compensation,” the Company performs an analysis of current market data and historical Company data to calculate an estimate of implied volatility, the expected term of the option and the expected forfeiture rate. With the exception of the expected forfeiture rate, which is not an input, the Company uses these estimates as variables in the Black-Scholes option pricing model. Depending upon the number of stock options granted, any fluctuations in these calculations could have a material effect on the results presented in the Company’s consolidated statements of operations. In addition, any differences between estimated forfeitures and actual forfeitures could also have a material impact on the Company’s financial statements. For the years ended June 30, 2016 and 2015, the Company had $0 and $10,850, respectively, of stock based compensation relating to employees.


Non-Cash Equity Transactions


Shares of equity instruments issued for non-cash consideration are recorded at the fair value of the consideration received based on the market value of services to be rendered, or at the value of the stock given, considered in reference to current market price.



51




Recent Accounting Pronouncements


In August 2016 the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). ASU 2016-15 will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017. The new standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.


In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently in the process of evaluating the impact of the adoption on its financial statements.

 

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance.


In November 2015, the FASB issued ASU 2015-17, which simplifies the presentation of deferred tax assets and liabilities on the balance sheet.  Previous GAAP required an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet.  The amendment requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet.  This ASU is effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018.  The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.


In September 2015, the FASB issued ASU 2015-16, which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This ASU is effective for interim and annual reporting period beginning after December 15, 2016, including interim periods within those fiscal years, with the option to early adopt for financial statements that have not been issued. The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.


In July 2015, the FASB issued ASU 2015-11, which requires an entity to measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments apply to inventory that is measured using first-in, first-out (FIFO) or average cost. This ASU is effective for interim and annual reporting periods beginning after December 15, 2016, with the option to early adopt as of the beginning of an annual or interim period. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.


In April 2015, the FASB issued ASU 2015-03, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.



52




The Company has reviewed other recent accounting pronouncements issued prior to the date of issuance of its financial statements included in this report, and does not believe any of these pronouncements will have a material impact on its consolidated financial statements.


NOTE 3 – CAPITAL STOCK


The Company is authorized to issue 1,010,000,000 shares of common stock and had 86,860,375 and 72,455,606 shares of common stock issued and outstanding as of June 30, 2016 and 2015, respectively. On February 2, 2015, the Board of Directors of the Company approved an Amended and Restated Articles of Incorporation of the Company (the “Amended and Restated Articles”) and the Amended and Restated Articles were filed by the Company with the Secretary of State of the State of Nevada on February 5, 2015. The Amended and Restated Articles increase the authorized number of shares of common stock, par value $0.001, of the Company from 140,000,000 shares to 1,010,000,000.


The Company is also authorized to issue 10,000,000 shares of preferred stock and had no shares of preferred stock issued and outstanding as of June 30, 2016. On February 2, 2015, the Company filed a Certificate of Withdrawal of Certificate of Designation (“Certificate of Withdrawal”) with the Secretary of State of the state of Nevada. The certificate withdraws the Certificate of Designation filed by the Company on January 9, 2014, which designated all of the Company’s preferred stock as “Series A Preferred Stock.” Following the filing of the Certificate of Withdrawal, the Company has 10,000,000 shares of undesignated preferred stock, par value $0.001, available for future designation by the Company’s Board of Directors.


On March 10, 2015 the Company entered into an independent contractor agreement with a service provider. Pursuant to the terms of the agreement, the Company agreed to grant the service provider 300,000 non-forfeitable, fully vested shares of its common stock, valued at $6,000 (based on the estimated fair market value of the shares on March 10, 2015, the date of grant) as partial consideration for the services provided to the Company pursuant to the terms of the agreement.


On June 30, 2015, the Company converted the Gotama Capital S.A. convertible promissory notes with an aggregate balance of $614,340 at a price of $0.15 per share, representing the entire principal amount and all accrued interest of the three convertible promissory notes issued to Gotama Capital S.A., into an aggregate of 4,095,605 shares of the Company’s common stock, par value $0.001 per share.


On December 25, 2015, the Company issued to TCA Global Credit Master Fund, LP 3,810,000 shares of its common stock as partial consideration for advisory services rendered to the Company (see Note 7).


During 2016, the Company issued to Typenex Co-Investment, LLC shares of its common stock as partial payment of the Company’s outstanding debt obligations to Typenex as follows (see Note 7):


Date of Issuance

Number of Shares of Common Stock

Conversion Price

Consideration

February 16, 2016

918,386

$0.016333

Conversion of $15,000.00 of debt.

March 15, 2016

918,386

$0.016333

Conversion of $15,000.00 of debt.

April 15, 2016

3,160,556

$0.015820

Conversion of $50,000.00 of debt.

May 15, 2016

5,597,441

$0.008754

Conversion of $49,000.00 of debt.




53




Stock-Option Plans


On February 2, 2015, the Company adopted its 2015 Omnibus Incentive Plan (the “2015 Plan”).  The 2015 Plan provides for the grant of stock options (both incentive stock options and non-qualified stock options), restricted stock, restricted stock units, stock appreciation rights, performance-based awards, dividend equivalents, stock payments and deferred stock units to eligible participants. Eligible participants include officers, employees, non-employee directors and certain consultants and advisers. The aggregate number of shares of the Company’s common stock authorized for issuance under the 2015 Plan is 20,400,000, subject to adjustment as described in the 2015 Plan. The outstanding options (each of which were granted on June 30, 2015) each have an exercise price of $0.0419 per share of Common Stock.


The Company estimates the fair value of each option on the grant date using the Black-Scholes model.  The following assumptions were made in estimating the fair value:


 

 

2015

 

Annual dividend yield

 

-

 

Expected life (years)

 

5

 

Risk-free interest rate

 

1.63%

 

Expected volatility

 

121.10%

 

Fair value of options granted

 

0.035

 


The expected volatility was estimated by calculating the standard deviation of daily price changes in the Company’s stock from the Company’s date of inception to the date of the grant and the five-year constant maturity treasury rate on the date of the grant was used for the risk free rate. Stock-based compensation expense is recognized over the employees’ or service provider’s requisite service period, generally the vesting period of the award. Stock-based compensation expense included in the accompanying statements of operations for the years ending June 30, 2016 and 2015 was $0 and $10,850, respectively.


A summary of stock option activity is as follows:

 

 

Number of Shares

 

Weighted Average Exercise Price

 

Outstanding at July 1, 2014

 

-

$

-

 

Granted

 

310,000

 

0.0419

 

Exercised

 

-

 

-

 

Forfeited

 

-

 

-

 

Outstanding at June 30, 2015

 

310,000

$

0.0419

 

Granted

 

-

 

-

 

Exercised

 

-

 

-

 

Forfeited

 

-

 

-

 

Outstanding at June 30, 2016

 

310,000

$

0.0419

 

 

 

 

 

 

 


All the 310,000 options outstanding at June 30, 2016 and 2015 were fully vested on the grant date, have an exercise price of $0.0419, a weighted average remaining life of 9 years, and an aggregate intrinsic value at $0.00 price per share at June 30, 2016.



54




Warrant Issuance


During the period from inception (July 12, 2013) to June 30, 2014, the Company received a fee of $30,000 in exchange for the right of an unaffiliated third party to share in 10% of the net profits derived from operations of the Chatsworth Vapor Hub lounge. The profit sharing arrangement was terminated on February 23, 2016 in exchange for the payment by the Company of $15,000 and the issuance by the Company of a warrant exercisable on or before February 23, 2020 to purchase 100,000 shares of the Company’s common stock at an exercise price per share of $0.15.  The Company valued the warrant using the Black Scholes Option Pricing Model resulting in a de-minimis fair market value.  The inputs used for the Black Scholes calculation were: stock price of $0.03, exercise price of $0.15, volatility of 218% and risk free interest rate of 0.23%.  Prior to the termination of the profit sharing arrangement, no amounts had been earned and no obligations were due under the arrangement.   There are no other warrants outstanding as of June 30, 2016.


NOTE 4 – INVENTORIES


As of June 30, 2016 and 2015, the Company had a balance of $585,489 and $323,784, respectively, as inventories which consist of vaping devices, electronic cigarettes, e-liquid, related supplies, and accessories. There was no reserve for inventory obsolescence as of either June 30, 2016 or 2015.


NOTE 5 – LEASE COMMITMENTS


The Company entered into a lease agreement with S. J. Real Estate Group, LLC to lease a retail space in Chatsworth, California, effective September 13, 2013. The lease term was for two years with a monthly lease payment of $2,214. Effective October 15, 2015, the Company and the landlord agreed to terminate the lease and the Company closed its retail store located at the location. The Company has no further obligation due under the lease agreement.


On February 28, 2015, the Company entered into a lease agreement with landlord Samantha Carrington to provide retail space for its Simi Valley retail location and on April 1, 2015, the Simi Valley retail location opened at the new premises. The lease term extends through March 31, 2017 with a monthly lease payment of $3,190. The Company has a remaining commitment under this lease as of June 30, 2016 of $28,710 and a security deposit of $6,380 was paid to the landlord in relation to this lease.


The Company entered into a lease agreement with S.B.P.W., LLC to lease warehouse and office space in Simi Valley, California effective August 5, 2013 which agreement was subsequently amended on February 20, 2014. The lease term extended through April 30, 2015 with a monthly lease payment of $2,035 which increased to $4,070 effective July 1, 2014. On September 1, 2015, the Company terminated this lease and surrendered its facility at 67 W Easy St., Unit 115, Simi Valley, CA 93065.  The Company has no further obligation due under the lease agreement.


On September 1, 2015, the Company entered into a Commercial Lease Agreement with the Winther Family Trust, pursuant to which the Company leases property located at 1871 Tapo Street, Simi Valley, CA 93065 (the “Premises”), for a term of 60 months commencing on September 1, 2015. The Company will pay a base rent of $5,650 per month for the duration of the term and also made a security deposit in the same amount. The Premises is replacing the Company’s prior facility located at 67 W. Easy St., Unit 115, Simi Valley, CA 93065 and will serve as the Company’s primary office location. In addition to providing office space, the approximately 5,000 square foot facility will also be used for warehousing and shipping.  The lessor of the Premises, the Winther Family Trust, is controlled by Niels Winther and Lori Winther. Both Niels Winther and Lori Winther are Directors of the Company, and Lori Winther also serves as the Company’s Chief Financial Officer and Secretary.



55




On September 15, 2015, the Company entered into a lease agreement with Santa Susana Business Center, LLC to lease warehouse and office space at 4685 Runway Street, Unit D, Simi Valley, CA 93063. The lease term extends through September 30, 2017 with a monthly lease payment of $1,716 and increasing to $1,802 on October 1, 2016. The Company has a remaining commitment under this lease of $26,772 as of June 30, 2016 and a security deposit of $1,716 was paid to the landlord in relation to this lease.  


Rent expense for the years ended June 30, 2016 and 2015 was $133,664 and $92,185, respectively.


NOTE 6 – RELATED PARTIES


As of June 30, 2016 and June 30, 2015, the Company had a balance of $103,409 and $96,312, respectively, outstanding as related party loans from Kyle Winther, the Company’s CEO, Lori Winther, the Company’s CFO and Winther & Company, CPAs (an entity owned by Lori Winther, and her husband, Niels Winther, CPA, who is a director of the Company), as well as Chase Bank Line of Credit (which was extended to the Company, though owed personally by Niels and Lori Winther). The outstanding balances are unsecured, non-interest bearing and repayable upon demand.  


From time to time the Company will engage the services of Winther & Co. an accounting firm owned by the husband of the Company’s CFO. Winther & Co. provides bookkeeping, accounting and tax services to the Company. For the years ended June 30, 2016 and 2015, the Company incurred approximately $56,180 and $82,000, respectively, in fees with Winther & Co. As of June 30, 2016 and June 30, 2015 the Company had Accounts Payable outstanding to related parties for accounting fees of $0 and $12,369, respectively. 


Reference is also made to the Commercial Lease Agreement with the Winther Family Trust described in Note 5.


NOTE 7 – CONVERTIBLE NOTES PAYABLE


Note Holder

Balance June 30, 2015

 

Unamortized Original

Derivative Discount

Unamortized Original Issue Discount

Balance of

Debt Discount

 

Balance, net of Discount 6/30/2015

Typenex Co-Investment, LLC

 $163,131

 

 $  (27,718)

 $ (14,594)

 $ (42,313)

 

 $  120,818

Typenex Co-Investment, LLC

        89,057

 

     (15,132)

      (2,652)

    (17,784)

 

        71,273

Total Convertible Notes Payable

 $252,188

 

 $  (42,850)

 $ (17,246)

 $ (60,097)

 

 $  192,091



Note Holder

Balance

June 30, 2016

 

Unamortized Original

Derivative Discount

 

 

Balance

net of Derivative Discount 6/30/16

 

Iliad Co Loan Payable

$        272,250

 

    $                   -

 

 

$   272,250

TCA Global Loan Payable

659,409

 

          (483,120)

 

 

  176,289

Total Convertible Notes Payable

$       931,659

 

    $    (483,120)

 

 

     $  448,539




56



Description of Outstanding Convertible Note Obligations


Iliad Co-Investment Note


On August 12, 2015, the Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with Iliad Research & Trading, L.P, a Utah limited liability partnership (“Iliad”), pursuant to which the Company concurrently issued to the investor an unsecured non-convertible Promissory Note in a principal amount of $245,000 (the “Original August Note”). The principal amount includes an original issue discount of $40,000 plus an additional $5,000 to cover the investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the transaction. In consideration for the Original August Note, the investor paid an aggregate cash purchase price of $200,000, computed as follows: $245,000 original principal balance, less the original issue discount of $40,000, and less the transaction costs.  The Original August Note was originally scheduled to mature on February 12, 2016 and the Company could prepay all or a portion of the amount owed earlier than it is due without penalty. The original issue discount of $40,000 was recorded as debt discount and fully amortized to interest expense during the fiscal year ended June 30, 2016.  


Interest did not accrue on the unpaid principal balance of the Original August Note unless an event of default occurred.  Upon the occurrence of an event of default, the outstanding balance of the Original August Note will bear interest at the lesser of the rate of 18% per annum or the maximum rate permitted by applicable law.  In addition, if an event of default occurs under the Original August Note, the investor may declare all unpaid principal, plus all accrued interest and other amounts due under the Original August Note to be immediately due and payable at an amount equal to 115% of the outstanding balance of the Original August Note as of the date of the applicable event of default, plus all interest, fees and charges that may accrue on such outstanding balance thereafter.  


On February 19, 2016, the Company entered into an Amendment to Promissory Note with Iliad which extended the maturity date of the Original August Note to April 12, 2016 and increased the principal amount of the note by $2,500 as consideration for the extension. The Company evaluated the Amendment to Promissory Note under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”), noting it did not meet the criteria for substantial modification under ASC 470, and accordingly treated the amendment as a modification to the Original August Note, adding $2,500 to the balance and extending the due date under the modified terms.


On May 12, 2016 but effective as of April 15, 2016, the Company entered into an Exchange Agreement with Iliad (the “Exchange Agreement”). Pursuant to the Exchange Agreement, the Company and Iliad exchanged the Original August Note for a new promissory note in the original principal amount of $272,250 (the “Exchange Note”), which balance includes an exchange fee of $24,750.  The Company evaluated the Exchange Agreement under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”), noting it met the criteria for substantial modification under ASC 470, and accordingly treated the Exchange Agreement as an extinguishment of debt and recorded a loss of extinguishment of debt of $54,225.  The related derivative liability was also extinguished (see Note 8 for further discussion).  The Exchange Note was issued in substitution of and not in satisfaction of the Original August Note.  


The Exchange Note provided that the Company was to make the following payments to Iliad: (a) a payment in shares of the Company’s common stock within three trading days of June 15, 2016 based on a note conversion amount of $50,000 and a conversion price that was equal to 70% of the average of the three lowest closing bid prices of the Company’s common stock in the twenty trading days immediately preceding such conversion (this payment of shares was not made by the Company as a result of a subsequent note amendment, see Note 14); and (b) a payment equal to the remaining aggregate outstanding balance of the Exchange Note on or before July 15, 2016, which payment must be made in cash.  The Company identified an embedded derivative liability in the Exchange Note with an original estimated fair market value of $29,475 and recorded this as a derivative liability. See Note 8 for a discussion relating to the original derivative liability and re-measurement of such derivate liability and Note 14 for a discussion of a further modification to this facility.


As of June 30, 2016, the outstanding balance on the Exchange Note was $272,250.  



57




TCA Global Credit Master Fund, LP Note December 2015


On December 24, 2015, the Company entered into a Senior Secured Credit Facility Agreement (the “Loan Agreement”) with TCA Global Credit Master Fund, LP (“TCA”).  At the initial closing on December 24, 2015, the Company issued to TCA a Convertible Promissory Note in the principal amount of $750,000 (the “TCA Note”).  The TCA Note is scheduled to mature on June 24, 2017 (the “Maturity Date”).  At any time prior to the Maturity Date or the earlier termination of the Loan Agreement, the Company can request up to $9,250,000 of additional loans, which additional loans may be made in the sole discretion of TCA.  The Company may prepay borrowings at any time, in whole or in part, without penalty.  Upon origination, the Company recorded a debt discount of $750,000 and amortized $266,880 during the year ended June 30, 2016, leaving an unamortized balance of $483,120.


The loan will accrue interest on the unpaid principal balance at an annual rate of 18%.  The Company made interest only payments of $11,250 on each of January 24, February 24 and March 24, 2016, and thereafter, will make payments of approximately $56,208 of principal and interest per month until the Maturity Date.  In the event the Company is in default under the loan agreement with TCA or any related transaction document, including as a result of a default in the Company’s payment obligations, any amount due to TCA under the facility will, at TCA’s option, bear interest from the date due until such past due amount is paid in full at an annual rate of 22%.  In addition, upon the occurrence and during the continuance of an event of default under the transaction documents, TCA may terminate its commitments to the Company and declare all of the Company’s obligations to TCA to be immediately due and payable.


While the Note is outstanding, but only upon the occurrence of (i) an event of default under the loan agreement with TCA or any related transaction document or (ii) the Company’s mutual agreement with TCA, TCA may convert, subject to certain beneficial ownership limitations, all or any portion of the outstanding principal, accrued and unpaid interest and any other sums due and payable under the Note or any other transaction document (such total amount, the “Conversion Amount”) into a number of shares of the Company’s common stock equal to: (i) the Conversion Amount divided by (ii) eighty-five percent (85%) of the lowest of the daily volume weighted average price of the Company’s common stock during the five business days immediately prior to the conversion date (the “Conversion Shares”).  Upon liquidation by TCA of Conversion Shares, if TCA realizes a net amount from such liquidation equal to less than the Conversion Amount, the Company is obligated to issue to TCA additional shares of the Company’s common stock equal to: (a) the Conversion Amount minus the net realized amount, divided by (b) the average volume weighted average price of the Company’s common stock during the five business days immediately prior to the date upon which TCA requests additional shares.  The Company accounted for the conversion feature as a derivate liability (see Note 8 for further discussion).


The payment and performance of all the Company’s indebtedness and other obligations to TCA, including all borrowings under the loan agreement and related agreements, are secured by liens on substantially all of the Company’s assets pursuant to a Security Agreement.


Of the proceeds received at the initial closing, approximately $106,000 was used to pay in full all indebtedness outstanding under the Company’s Business Loan and Security Agreement with B of I Federal Bank (the “Bank”), entered into on November 3, 2015.  Upon repayment of the Company’s indebtedness under the Business Loan and Security Agreement, the Bank released its liens on the Company’s assets.  After the payment of approximately $51,000 of fees and cash expenses to TCA in connection with the loan transaction, the Company received net proceeds of approximately $593,000. As of June 30, 2016 the outstanding balance of the TCA Note was $659,409.



58




In connection with the Loan Agreement, the Company agreed to pay to TCA a fee for advisory services provided to the Company prior to the entry into the Loan Agreement in the amount of $126,000 (the “Advisory Fee”).  As partial payment of the Advisory Fee, the Company issued to TCA 3,810,000 shares of the Company’s common stock on December 24, 2015 (the “Advisory Fee Shares”), representing 4.99% of the Company’s issued and outstanding shares of common stock on such date.  In the event that TCA receives net proceeds from the sale of such shares that are less than the Advisory Fee, TCA may require the Company to issue additional shares of common stock in an amount sufficient such that, when sold and the net proceeds from such sale are added to the net proceeds from the sale of any of the previously issued and sold Advisory Fee Shares, TCA shall have received total net funds equal to the Advisory Fee.  Notwithstanding the foregoing, subject to certain conditions, the Company has the right to redeem the Advisory Fee Shares then in TCA’s possession for an amount payable in cash equal to the Advisory Fee, less any net cash proceeds received by TCA from previous sales of Advisory Fee Shares.  In the event TCA has not realized net proceeds from the sale of Advisory Fee Shares equal to at least the Advisory Fee by the earlier to occur of: (i) December 24, 2016; (ii) the occurrence of an event of default under the transaction documents; or (iii) the Maturity Date, then at any time thereafter, TCA has the right to require the Company to redeem all of the Advisory Fee Shares then in TCA’s possession for cash equal to the Advisory Fee, less any cash proceeds received by TCA from any previous sales of Advisory Fee Shares.  The Advisory Fee was recorded as a deferred finance fee of $126,000 and the Company amortized $42,000 during the year ended June 30, 2016, leaving an unamortized balance of $84,000.  The Company determined that the Conversion feature of the TCA Note and the Advisory Fee meets the definition of an embedded derivative that should be separated and accounted for as a derivative liability. See Note 8 for a discussion relating to derivative liability.

 

Description of Terminated Convertible Note Obligations


Notes Issued to Gotama Capital S.A.


On March 14, 2014, the Company closed the first of three tranches of a financing transaction pursuant to the terms of the Exchange Agreement. At the closing, the Company issued a convertible promissory note in the principal amount of $185,000 to Gotama Capital S.A. in exchange for cash proceeds of $185,000. The note bore interest at a rate of 8% per annum, with interest being payable on May 15th of each year that the note remained outstanding. The principal amount of the note was convertible at any time, in whole or in part, at the Company’s election or the election of the holder into shares of the Company’s common stock at a price equal to the greater of $0.15 or 90% of the average closing prices of the Company’s common stock for the ten trading days immediately preceding the applicable conversion date. Unless earlier converted or repaid, the principal amount of the note was due and payable on March 14, 2017. On April 10, 2014, the Company closed the second tranche of the financing contemplated pursuant to the terms of the Exchange Agreement. At the closing, the Company issued a convertible promissory note in the principal amount of $200,000 to the same investor in exchange for cash proceeds of $200,000. The note had the same terms as the note described above, except that unless earlier converted or repaid, the principal amount of the note was due and payable on April 10, 2017. On May 19, 2014, the Company closed the third tranche of the financing contemplated pursuant to the terms of the Exchange Agreement. At the closing, the Company issued a convertible promissory note in the principal amount of $175,000 to the same investor in exchange for cash proceeds of $149,881 and $25,000 of expenses paid on behalf of the Company, which the Company immediately recorded as its own expense. The note had the same terms as the notes described above, except that unless earlier converted or repaid, the principal amount of the note was due and payable on May 19, 2017.


On June 30, 2015, the Company converted $614,340 at a price of $0.15 per share, representing the entire principal amount of $560,000 and all accrued interest in the amount of $54,340 on the three convertible promissory notes issued to Gotama Capital S.A., into an aggregate of 4,095,605 shares of the Company’s common stock, par value $0.001 per share.  As a result of the conversion, the three notes issued to Gotama Capital are no longer outstanding.



59




Note Issued to Typenex Co-Investment, LLC in November, 2014


On November 4, 2014, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with Typenex Co-Investment, LLC, a Utah limited liability company (the “Investor”), pursuant to which the Company concurrently issued to Investor a Secured Convertible Promissory Note in a principal amount of $1,687,500 (the “November Note”).  The outstanding balance of this note as of June 30, 2016 and 2015 was $0 and $252,188, respectively.  As of June 30, 2015, the unamortized debt discount balance was $60,096, the Company amortized $7,337 during the year ended June 30, 2016, leaving an unamortized debt discount of $52,759 which was recorded to loss on extinguishment of debt upon extinguishment of the November Note.


As further described below, on December18, 2015 the company entered into a Note Settlement Agreement relating to the November Note.  


Typenex Co-Investment June 2015 Note (See Note 9)

On June 4, 2015, the Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with Typenex Co-Investment, LLC, a Utah limited liability company, pursuant to which the Company concurrently issued to the investor an unsecured non-convertible Promissory Note in a principal amount of $245,000 (the “June Note”).   In consideration for the June Note, the investor paid an aggregate cash purchase price of $200,000, computed as follows: $245,000 original principal balance, less the original issue discount of $40,000, and less the transaction costs.  The June Note matured on December 4, 2015 and, as further described below, on December 18, 2015 the company entered into a Note Settlement Agreement relating to the June Note.  As of June 30, 2015 the outstanding balance on the June Note was $245,000 and as of June 30, 2016, the outstanding balance on the June Note was $0.  As of June 30, 2015, the unamortized debt discount balance was $34,098 and the Company amortized $34,098 during the year ended June 30, 2016, leaving an unamortized debt discount of $0.


Note Settlement Agreement relating to the November Notes and the June Note


On December 18, 2015, the Company and Typenex Co-Investment, LLC (the “Investor”) entered into a Note Settlement Agreement. The Note Settlement Agreement relates to the November Note and the June Note (collectively, the “Modified Notes”).  

 

The Note Settlement Agreement restructured the payment provision of the notes, including the June Note which was due and payable in full on December 4, 2015.  The Company was to have made $50,000 monthly payments beginning December 15, 2015 and the remaining outstanding balance was to have been paid on or before March 15, 2016.  This payment schedule was amended on February 19, 2016 (see below for a description of the Amendment to Note Settlement Agreement).

 

As consideration for Investor’s agreement to enter into the Note Settlement Agreement, the Company agreed to increase the outstanding balance of each note by 15% (the “Restructure Effect”). Following the application of the Restructure Effect and including a $5,000 transaction expense fee, the outstanding balance of the November Note was $107,443 and the outstanding balance of the June Note was $281,750.  The Company identified a derivative liability associated with the Note Settlement Agreement (See Note 8 below).

  

The Company evaluated the Note Settlement Agreement under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”). ASC 470 requires modifications to debt instruments to be evaluated to assess whether the modifications are considered “substantial modifications”. A substantial modification of terms shall be accounted for like an extinguishment. For extinguished debt, a difference between the re-acquisition price and the net carrying amount of the extinguished debt shall be recognized currently in income of the period of extinguishment as losses or gains. The Company noted the change in terms per the Note Settlement Agreement, met the criteria for substantial modification under ASC 470, and accordingly treated the modification as extinguishment of the original November Note and June Note, replaced by the new convertible note under the modified terms. The Company recorded a loss on extinguishment of debt of $427,848 (which includes the unamortized debt discount of $52,759 noted above) during the year ended June 30, 2016, including true-up shares of 3,432,068 accrued in the amount of approximately $36,000 in the accompanying balance sheet (See Note 14).



60




Amendment to Note Settlement Agreement


On February 19, 2016, the Company entered into an Amendment to Note Settlement Agreement (the “Settlement Agreement Amendment”) with Investor.  The Settlement Agreement Amendment relates to the Note Settlement Agreement (the “Original Agreement”) entered into between the parties on December 18, 2015.   


The Original Agreement, as amended by the Settlement Agreement Amendment, restructures the payment provision of the Modified Notes.  The Settlement Agreement Amendment restructures the payment provisions contained in the Original Agreement and provides that the Company is to make the following payments to Investor, in lieu of the previously agreed to $50,000 cash payments, notwithstanding the terms of the Modified Notes (the “Restructure”): (a) a cash payment in the amount of $35,000 payable upon execution of the Settlement Agreement Amendment together with 918,386 shares of the Company’s common stock (subject to adjustment as described in the Settlement Agreement Amendment) based on a note conversion amount of $15,000 and a conversion price of $0.016333, which shares are to be issued and delivered pursuant to the terms of the Settlement Agreement Amendment and (b) a cash payment on or before March 15, 2016 in the amount of $35,000 together with shares of the Company’s common stock based on a note conversion amount of $15,000 and a conversion price of $0.016333, which 918,386 shares were issued and delivered pursuant to the terms of the Settlement Agreement Amendment; and (c) a payment equal to the remaining aggregate outstanding balance of the Modified Notes on or before April 15, 2016, which payment must be made in cash (collectively, the “Note Payments”). This Settlement Agreement Amendment was further modified on May 12, 2016 as described below.  

 

As consideration for Investor’s agreement to enter into the Settlement Agreement Amendment, the Company agreed to pay Investor a restructuring fee of $2,500.00.


The Company evaluated the Settlement Agreement Amendment under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”). The Company noted the change in terms per the Settlement Agreement Amendment did not meet the criteria for substantial modification under ASC 470, and accordingly treated the amendment as a modification to the Note Settlement Agreement, adding $2,500 to the balance and extending the due date under the modified terms.


On May 12, 2016 but effective as of April 15, 2016, the Company entered into Amendment #2 to Note Settlement Agreement (the “Second Amendment”) with Typenex Co-Investment, LLC (the “Investor”).  The Second Amendment relates to the Note Settlement Agreement entered into between the parties on December 18, 2015, as previously amended on February 19, 2016 (as previously amended, the “Original Agreement”). 

The Original Agreement, as amended by the Second Amendment, restructures the payment provision of the Modified Notes.  The Second Amendment restructures the payment provisions contained in the Original Agreement and provides that the Company is to make the following payments to Investor notwithstanding the terms of the Modified Notes (the “Restructure”): (a) a cash payment in the amount of $35,000 payable on or before April 15, 2016 together with 3,160,556 shares of the Company’s common stock (subject to adjustment as described in the Settlement Agreement Amendment) based on a note conversion amount of $50,000 and a conversion price of $0.015820, which shares are to be issued and delivered pursuant to the terms of the Settlement Agreement Amendment and (b) a cash payment on or before May 15, 2016 in the amount of $35,000 together with shares of the Company’s common stock based on a note conversion amount of $50,000 and a conversion price to be determined in accordance with the Notes, which shares are to be issued and delivered pursuant to the terms of the Settlement Agreement Amendment (see Note 3 for share issuance description); and (c) a payment equal to the remaining aggregate outstanding balance of the Notes on or before June 15, 2016, which payment must be made in cash (collectively, the “Note Payments”). The Second Amendment also provides that outstanding balance on each of the November Note and the June Note will bear interest at the rate of 10% per annum from the effective date of the amendment until such notes are repaid in full; previously, the June Note did not accrue interest on the unpaid principal balance of the note unless an event of default occurred.

 



61




As consideration for Investor’s agreement to enter into the Second Amendment, the Company agreed to pay Investor a restructuring fee of $15,316.  The Company evaluated the Second Amendment under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”), noting it did not meet the criteria for substantial modification under ASC 470, and accordingly treated the amendment as a modification to the Original Agreement.  

  

During the year ended June 30, 2016, the Company made principal payments of $277,009 and converted $130,000 of the Note Settlement into 10,594,769 shares.  As of June 30, 2016, the outstanding balance under the November Note and June Note is $0.  Upon the final payoff of the November Note and June Note, the Company recorded a gain on extinguishment of debt of $6,498 related to the re-measurement of the derivative liability.


NOTE 8 –DERIVATIVE LIABILITIES


Note name

 

June 30, 2015

Estimated Fair Value Upon Issuance

Change in Estimated Fair Value

Extinguishment of Debt

June 30, 2016

EMBEDDED CONVERSION FEATURE:

 

 

 

 

 

 

Chicago ventures

 

68,584

 

1,597 

(70,181)*

-

Typenex

 

 

330,946

(324,448)

(6,498)

-

Iliad

 

 

29,475

82,465 

 

111,940

TCA

 

 

706,911

(105,534)

 

601,376

TCA Advisory fee

 

 

23,130

91,440 

 

114,570

Total

 

68,584

1,090,462

(254,481)

(76,679)

827,887


*this was accounted for as part of the $427,848 loss described in Note 7.


The Company evaluated each of the Typenex November Note and June Note (see Note 7), Iliad Co-Investment Note (see Note 7), the TCA Note (see Note 7) and the terms of the Advisory Fee payable to TCA (see Note 7) under the requirements of ASC 480 “Distinguishing Liabilities from Equity” and concluded that none of the foregoing fall within the scope of ASC 480.  The Company then evaluated each of the Iliad Co-Investment Note, the TCA Note and the terms of the Advisory Fee payable to TCA under the requirements of ASC 815 “Derivatives and Hedging” and concluded that each the foregoing contain features that result in an embedded derivative.  


The Company has recorded the fair value of each derivative as a current liability in the balance sheet as of June 30, 2016.  The change in fair value was recorded as other expense in the statement of operations for the year ended June 30, 2016.


In arriving at fair-value estimates, the Company utilizes the most observable inputs available for the valuation technique employed. If a fair-value measurement reflects inputs at multiple levels within the fair value hierarchy, the fair-value measurement is characterized based upon the lowest level input. For the Company, recurring fair-value measurements are performed for the derivative liability.


The derivative liability is recognized in the balance sheet at fair value. Changes in the fair value of the derivative liability are reported in the statement of operations. The Company does not have any liabilities that reduce risk associated with hedging exposure and has not designated the derivative liability as a hedge instrument.



62




The Company did not have any derivatives valued using Level 1 and Level 2 inputs as of June 30, 2016. The Company categorized the derivative liability as Level 3 with a fair value of $827,887 as of June 30, 2016 using the Black-Scholes pricing model. The Company used the following input ranges: stock price $0.006-$0.01; expected term 0.58-0.96 years; risk-free rate 0.36%-0.45%; and volatility 150%-156%. Unobservable inputs were the prevailing interest rates, the Company’s stock volatility and the expected term.


There have been no transfers between Level 1, Level 2, or Level 3 categories. Level 3 as of June 30, 2015 was $68,584; Level 3 additions for the twelve months ended June 30, 2016 were $1,090,464 for the initial recognition with a $(254,481) valuation adjustment and a $(76,679) adjustment related to extinguishment of debt at June 30, 2016; Level 3 at June 30, 2016 was $827,887.


NOTE 9 –NOTES PAYABLE

Note Holder

Balance 6/30/2015

 

Unamortized Original Issue Discount

 

Balance, net of Discount 6/30/2015

Typenex Unsecured Short Term (Note 7)

$  245,000

 

$  (34,098)

 

$  210,902

B of I Bank

153,655

 

-   

 

153,655

The Hartford

13,001

 

-   

 

13,001

Bank of the West - short term portion

7,211

 

-   

 

7,211

Total Short Term Notes Payable

$  418,867

 

$  (34,098)

 

$  384,769

 

 

 

 

 

 

Bank of the West - long term portion

$    29,189

 

$              -   

 

$    29,189

Total Long Term Notes Payable

$    29,189

 

$              -   

 

$    29,189




Note Holder

Balance June 30, 2016

 

Unamortized Original Issue Discount

 

Balance, net of Discount June 30, 2016

Bank of the West - short term portion

 $                7,211

 

 $                      -   

 

 $                     7,211

Bank of the West - long term

                 23,137

 

                         -   

 

                      23,137

 

 $              30,348

 

 $                      -

 

 $                   30,348


Bank of the West


On December 29, 2014, Kyle Winther, the Company’s CEO, entered into a vehicle financing agreement with the Bank of the West. Pursuant to the agreement, the amount financed was $39,275, payable in 48 monthly payments plus accrued interest at a rate of 3.9%, with monthly payments of $614 and a maturity date of December 29, 2018.  In January 2015, the Company agreed to assume the payments on this loan and capitalized the vehicle. As of June 30, 2016 the outstanding balance was $30,348, with $7,211 and $23,137 classified as short term and long term, respectively.  As of June 30, 2015 the outstanding balance was $36,400, with $7,211 and $29,189 classified as short term and long term, respectively.



63




Terminated Facilities with B of I Federal Bank


On January 2, 2015, the Company entered into a Business Loan and Security Agreement with B of I Federal Bank (the “Bank”).  Pursuant to the agreement, the Company borrowed $200,000 from the Bank and received net proceeds of $195,000 USD after deducting an origination fee of $5,000.  The loan was payable in 147 payments of $1,728 due each business day beginning on and after January 5, 2015, with the initial total repayment amount (subject to certain exceptions) being equal to $254,000.


On June 2, 2015, the Company entered into a new Business Loan and Security Agreement with the Bank.  Pursuant to the agreement, the Company borrowed $175,000 from the Bank and received net proceeds of $104,071 after deducting an origination fee of $1,875 and the repayment of $69,054 in full satisfaction of the Company’s remaining obligations under that certain Business Loan and Security Agreement entered into with the Bank on January 2, 2015. The new loan was payable in 126 payments of $1,708 due each business day beginning on June 3, 2015, with the total repayment amount (subject to certain exceptions) being equal to $215,249 (the “Total Repayment Amount”). As of June 30, 2016 and 2015, the outstanding balance was $0 and $153,655, respectively.


On November 3, 2015, the Company entered into a new Business Loan and Security Agreement with the Bank. Pursuant to the agreement, the Company borrowed $125,000 from the Bank and received net proceeds of $93,615 after deducting an origination fee of $3,023 and the repayment of $28,361 in full satisfaction of the Company’s remaining obligations under that certain Business Loan and Security Agreement entered into with the Bank on June 2, 2015.  The new loan was payable in 126 payments of $1,220 due each business day beginning on November 4, 2015, with the total repayment amount (subject to certain exceptions) being equal to $153,750. On December 24, 2015, the loan balance of $106,000 was paid off upon the closing of the financing transaction with TCA Global Credit Master Fund, LP.  


Prior to their repayment, each of the facilities with the Bank were secured by all personal property of the Company and were also personally guaranteed by Lori Winther, Kyle Winther and Gary Perlingos.


The Company evaluated each of the agreements entered into on June 2, 2015 and November 3, 2015 under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”), and determined that neither agreement constituted a substantial modification under ASC 470, and accordingly treated the agreements as a modification to the original January 2, 2015 facility.  


NOTE 10 – INCOME TAX


The provision for income taxes was determined by applying the statutory federal income tax rate to net income before income taxes and is as follows for the year ending June 30, 2015 and June 30, 2016:


 

 

2016

 

2015

Federal tax

$

-

$

-     

State tax

$

800

$

2,400        


The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes were as follows:


 

2016

 

2015

 

Statutory federal income tax rate

(34)

%

(34)

%

State taxes, net of federal benefit

( 4)

%

(3)

%

Other

( 1)

%

(2)

%

 

(39)

%

(39)

%




64




NOTE 11 – LOSS PER COMMON SHARE


A summary of the net loss and shares used to compute net loss per share for the year ended June 30, 2016 and 2015 is as follows:


 

 

 

2016

$

2015

Net loss for computation of basic and dilutive net (loss) per share

 

$

(634,643)

$

(613,997)

Basic and dilutive net (loss) per share

 

$

(0.01)

$

(0.01)        

Basic and dilutive weighted average shares outstanding

 

$

76,419,180

$

68,164,099


NOTE 12 – PROPERTY AND EQUIPMENT


Property and equipment consisted of the following as of:


 

 

June 30, 2016

 

June 30, 2015

Automobile

$

36,976

$

36,976

Computer

 

16,756

 

16,756

Furniture and equipment

 

112,302

 

106,568

Leasehold improvements

 

44,300

 

44,300

Accumulated depreciation

 

(76,111)

 

(45,054)

Property and equipment, net

$

134,223

$

 159,546



NOTE 13 – LITIGATION


On November 4, 2015, the Company filed a lawsuit in the Superior Court of California, County of Orange, Case Number 30-2015-00818492-CU-BC-CJC against Kevin Crump, an individual, Magnavape, Inc. and Magnavon, Inc. alleging breach of contract, fraud, negligent misrepresentation, intentional interference with economic advantage and negligent interference with economic advantage relating to the production by the defendants of the Company’s AR Mods. The lawsuit prayer is for $3,000,000. This amount includes general damages, lost profits and punitive damages against the defendants.  A mandatory settlement conference is scheduled for February 24, 2017 and a jury trial is scheduled for March 27, 2017. 


NOTE 14 – SUBSEQUENT EVENTS


On July 15, 2016, the Company entered into a second Exchange Agreement (the “Second Exchange Agreement”) with Iliad. Pursuant to the Second Exchange Agreement, the Company and Iliad exchanged the Exchange Note for a new promissory note in the original principal amount of $81,631.88 (the “Second Exchange Note”), which balance includes an exchange fee of $2,500. The Second Exchange Note was issued in substitution of and not in satisfaction of the Exchange Note.


The Second Exchange Agreement and related Second Exchange Note restructure the payment provisions of the Exchange Note.  The Second Exchange Note provides that the Company is to make to Iliad a payment equal to the remaining aggregate outstanding balance of the Second Exchange Note on or before July 15, 2017, which payment must be made in cash. Interest accrues on the outstanding balance of the Second Exchange Note at a rate of 10% per annum; provided, however that if the Company fails to repay the Second Exchange Note when due, or if the Company is otherwise in default under the Second Exchange Note, at the option of Iliad a default interest rate of 18% per annum will apply. In the event the Company is in default under the Second Exchange Note, Iliad also has the option to accelerate the note with the outstanding balance becoming immediately due and payable at an amount equal to 115% of the outstanding balance of the Second Exchange Note as of the date the event of default occurred. The Second Exchange Note may be prepaid without penalty at any time.



65




The Second Exchange Note provides that, until the Second Exchange Note has been paid in full, Iliad may convert all or part of the outstanding note balance (the “Conversion Amount”) into shares of common stock of the Company at the Conversion Price (as defined below).  Notwithstanding the foregoing, the Company has the option to pay the Conversion Amount in cash in lieu of delivering shares of its common stock.  As used, “Conversion Price” means a price per share equal to 70% of the average of the three lowest closing bid prices of the Company’s common stock in the twenty trading days immediately preceding the applicable conversion.  The Second Exchange Note provides that the Company may not issue shares to Iliad under the Second Exchange Note if the issuance of such shares would cause Iliad to beneficially own more than 9.99% of the Company’s outstanding common stock.


As of October 10, 2016, the outstanding balance on the Second Exchange Note was $23,264.


Issuance of Common Stock


Subsequent to June 30, 2016, the Company issued to Typenex Co-Investment, LLC shares of its common stock as partial payment of the Company’s outstanding debt obligations to Typenex as follows (see Note 7):


Date of Issuance

Number of Shares of Common Stock

Conversion Price

Consideration

August 5, 2016

118,456

$0.014467

Issuance of true up shares in connection with debt conversion on March 15, 2016.

August 5, 2016

3,313,612

$0.007723

Issuance of true up shares in connection with debt conversion on April 15, 2016.




66



ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE


As previously disclosed in our Current Report on Form 8-K filed on May 18, 2016, our Board approved the engagement of Hall & Company, Inc. as our independent registered public accounting firm effective May 12, 2016. There were no disagreements or reportable events related to the change in accountants requiring disclosure under Item 304(b) of Regulation S-K.


ITEM 9A. CONTROLS AND PROCEDURES


Evaluation of Disclosure Controls and Procedures


As required by Rule 13a-15 under the Exchange Act, our management, with the participation of our Chief Executive Officer (our principal executive officer) and our Chief Financial Officer (our principal accounting officer and principal financial officer), evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of June 30, 2016, the end of the period covered by this report.  Based on this evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that, as of the end of such period, our disclosure controls and procedures were not effective to ensure that information that is required to be disclosed by us in the reports we file or submit under the Exchange Act is (i) recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to our management, including our Chief Executive Officer and our Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. Our Company’s disclosure controls are not effective due to limited accounting and reporting personnel and a lack of expertise and segregation of duties due to limited financial resources and the size of the Company. We will need to adopt additional disclosure controls and procedures.


Management’s Report on Internal Control Over Financial Reporting


Management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act). Internal control over financial reporting is a process designed by, or under the supervision of, our Chief Executive Officer and our Chief Financial Officer, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with GAAP.


Internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of our company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of our company are being made only in accordance with authorizations of management and directors of our company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our company’s assets that could have a material effect on the financial statements.


Our management believes that all internal control systems, no matter how well designed and operated, have inherent limitations, including the possibility of human error and the circumvention or overriding of controls.  Accordingly, even effective internal controls can provide only reasonable assurances with respect to financial statement preparation.  Further, because of changes in conditions, the effectiveness of internal controls may vary over time. Our management believes that the design of an internal control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.


A material weakness is a significant deficiency, or combination of significant deficiencies, that result in there being a more than remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.



67




Management has conducted, with the participation of our Chief Executive Officer and our Chief Financial Officer, an evaluation of the effectiveness of our internal control over financial reporting as of June 30, 2016 in accordance with the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") in Internal Control — Integrated Framework.  Based on this assessment, management concluded that as of June 30, 2016, our Company’s internal control over financial reporting was not effective primarily due to the limited size of our staff and budget.


The Company's management has identified material weaknesses in its internal control over financial reporting related to the following matters:


·

A lack of sufficient segregation of duties. Specifically, this material weakness is such that the design over these areas relies primarily on defective controls and could be strengthened by adding preventative controls to properly safeguard Company assets.

·

A lack of sufficient personnel in the accounting function due to the Company's limited resources with appropriate skills, training and experience to perform certain tasks as it relates to financial reporting.

·

A lack of formally documented policies and procedures, which provide for an ineffective control environment.


The Company's plan to remediate those material weaknesses is as follows:


To improve the effectiveness of the accounting group, the company uses the firm of Winther and Company CPA’s to augment existing resources, to improve segregation procedures and to assist in the analysis and recording of complex accounting transactions.  The Company also hired a full-time accounting manager to maintain the Company’s books and records under the supervision of the CFO.  The Company plans to further mitigate its accounting deficiencies by hiring additional personnel in the accounting department once it generates significantly more revenue, or raises significant additional working capital.


The company is also in the process of adopting specific internal control mechanisms with its Board of Directors’ and executive officers’ collaboration to ensure effectiveness as the company grows. Future controls, among other things, will include more checks and balances and communication strategies between the management and the Board of Directors to ensure efficient and effective oversight over company activities as well as more stringent accounting policies to track and update the company’s financial reporting.


This Annual Report does not include an attestation report from our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit us to provide only the management’s report in this Annual Report.


Changes in Internal Control Over Financial Reporting

Other than as described above, there were no changes in our internal control over financial reporting during the year ended June 30, 2016 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.


ITEM 9B. OTHER INFORMATION

 

None.




68



PART III


ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT


The following table sets forth the names, positions and ages of our current executive officers and directors. All directors serve until the next annual meeting of stockholders or until their successors are elected and qualified. Officers are appointed by our board of directors and their terms of office are at the discretion of our board of directors.


Name

 

Age

 

Position

Kyle Winther

 

31

 

Chief Executive Officer and Director

Lori Winther

 

59

 

Chief Financial Officer, Treasurer, Secretary and Director

Gary Jacob Perlingos

 

35

 

President, Chief Technology Officer and Director

Niels Winther

 

60

 

Chairman of the Board


Kyle Winther has served as a director of our company since March 14, 2014.  Mr. Winther also became our Chief Executive Officer on March 14, 2014 and served in such capacity until the appointment of Andrew Birnbaum as Chief Executive Officer on March 24, 2014, at which point in time Mr. Winther became our Chief Operating Officer.  Following Mr. Birnbaum’s resignation on July 8, 2014, Mr. Winther was re-appointed as our Chief Executive Officer and resigned from his position as our Chief Operating Officer in connection with the appointment of Justin Moreno to such position on August 8, 2014.  Mr. Winther is a founding shareholder of Delite Products, Inc., formed in 2008, and Vapor Hub, Inc., formed in 2013, each of which were our wholly owned subsidiaries until their merger into Vapor Hub International Inc. on May 18, 2015, and served as President and Chief Executive Officer of each of these companies since their respective dates of formation.  Since 2008, Mr. Winther has also been instrumental in the development of our products.  Mr. Winther is a graduate of Cal State University-Northridge where he earned a B.S. in Business Administration/Marketing.  We believe that Mr. Winther is qualified to sit on our board of directors due to his extensive experience in the vaping industry and because of his sales and marketing skills.  


Lori Winther became our Chief Financial Officer, Treasurer and Secretary and was appointed as a director of the company on March 14, 2014.  Ms. Winther is an original founder of each of our former subsidiaries, Vapor and Delite.  Prior to founding our subsidiaries, Ms. Winther served as the office manager for the Certified Public Accounting firm – Winther and Company CPA’s, Inc., as well as its affiliate, Winthco Wealth Management, acting for both since 1989.  Ms. Winther remains a Vice President of Winther and Company today.  Ms. Winther’s seasoned experience contributes to the administrative stability and financial solvency of the company.  Ms. Winther is a graduate of Moorpark Community College with a A.A. in Business Administration.  We believe that Ms. Winther is qualified to sit on our board of directors due to her extensive administration and human resources experience and financial expertise.


Gary Jacob Perlingos became our President and Chief Technology Officer and was appointed as a director of the company on March 14, 2014.  Mr. Perlingos joined our former subsidiary, Delite, in 2013.  Mr. Perlingos has held a variety of positions within his career, including acting as a freelance designer and developer of websites for a period of twelve years, serving as Director of Design Development at Homebase Learning Institute, a start-up on-line education company from 2010 to 2012 and serving as Senior Web Developer, performing web integrations for 4-Over, Inc., one of the largest trade printers in the United States from 2012 to 2013.  Prior to his position at Homebase Learning Institute, Mr. Perlingos was a partner at a boutique web design firm, Artifice Studios, from 2009 to 2012.  Mr. Perlingos began his career in the mortgage industry where he worked in various operational capacities from 2000 to 2009.  We believe that Mr. Perlingos is qualified to sit on our board of directors due to his entrepreneurial experience and his branding, marketing and operational expertise.  



69




Niels Winther, CPA was appointed as a director of the company on March 14, 2014.  Mr. Winther has over three decades of experience in tax, financial, managerial, information and system consulting and currently directs and oversees Winther and Company CPA’s, Inc., a tax & accountancy and wealth management firm and Winthco Wealth Management in his capacity as President of each company.  Mr. Winther attended Cal State University-Northridge - Accounting and University of La Verne – School of Law.  We believe that Mr. Winther is qualified to serve on our Board of Directors because of his financial expertise acquired while operating his businesses.


A family relationship exists between Kyle Winther, Lori Winther, a director of the Company and the Company’s Chief Financial Officer and Secretary and Niels Winther, a director of the Company. Niels Winther and Lori Winther are married.  Kyle Winther is the adult son of Niels and Lori Winther.


Director Independence


Our board of directors currently consists of four members –Kyle Winther, Lori Winther, Niels Winther, and Gary Jacob Perlingos– with one vacancy. Because our common stock is not currently listed on the NASDAQ Stock Market or New York Stock Exchange, we are not subject to their respective rules requiring independent directors and we currently do not have any independent directors, as the term “independent director” is defined by NASDAQ Listing Rule 5605(a)(2) or New York Stock Exchange Rule 303A.02.  We anticipate seeking independent directors in the future as we seek to establish effective corporate governance procedures to oversee our audit, compensation and nominating functions.  However, there can be no assurance as to whether or when we will be successful in appointing any independent directors.  Currently, our entire board of directors functions as our audit committee.  


We have determined that Niels Winther qualifies as an audit committee “financial expert” within the meaning of the rules and regulations of the SEC and that each of our other board members are able to read and understand financial statements.  


We do not have a nominating committee for persons to be proposed as directors for election to our board of directors. The duties and functions performed by such committee are performed by our board of directors. We do not have any restrictions on stockholder nominations under our articles of incorporation, however, our bylaws do contain advance notice requirements for stockholder nominations for directors. Other restrictions are those applicable generally under the Nevada Revised Statutes and the federal proxy rules. Currently, our entire board of directors decides on nominees, on the recommendation of one or more members of our board of directors. We are not a “listed issuer” under SEC rules and are therefore not required to have a nominating committee comprised of independent directors.


Section 16(a) Beneficial Ownership Reporting Compliance


Section 16(a) of the Exchange Act requires that our executive officers and directors, and beneficial owners of more than 10% of a registered class of our equity securities, file initial reports of beneficial ownership and reports of changes in beneficial ownership with the SEC. Executive officers, directors and greater-than-10% stockholders are required by SEC regulations to furnish us with all Section 16(a) forms they file.


Based solely on our review of the copies of such reports received by us and written representations from certain reporting persons that they have complied with the relevant Section 16(a) filing requirements, the Company is not aware of any instances of noncompliance with the Section 16(a) filing requirements by any executive officer, director and or beneficial owner of more than 10% of a registered class of the Company’s equity securities during the year ended June 30, 2016.



70




Indemnification

 

We are a Nevada corporation. The Nevada Revised Statutes and certain provisions of our articles of incorporation, as amended, and bylaws under certain circumstances provide for indemnification of our officers, directors and controlling persons against liabilities which they may incur in such capacities. A summary of the circumstances in which such indemnification is provided for is contained herein, but this description is qualified in its entirety by reference to our articles of incorporation and bylaws and to the statutory provisions.


In general, any officer, director, employee or agent may be indemnified against expenses, fines, settlements or judgments arising in connection with a legal proceeding to which such person is a party, if that person is not liable due to conduct that constituted a breach of his or her fiduciary duties and such breach involved intentional misconduct, fraud or a knowing violation of law, and that person’s actions were in good faith, were believed to be in our best interest, and were not unlawful. Indemnification may not be made for any claim as to which the person seeking indemnity has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals, to be liable to our company unless the court in which the action or suit was brought or another court of competent jurisdiction determines that in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses as such court deems proper. Unless such person is successful upon the merits in such an action, indemnification may be awarded only after a determination by independent decision of our board of directors, by legal counsel, or by a vote of our stockholders, that the applicable standard of conduct was met by the person to be indemnified. Under our articles of incorporation, as amended, and bylaws, we will advance expenses incurred by officers, directors, employees or agents who are parties to or are threatened to made parties to any threatened, pending or completed action by reason of the fact that such person was serving in such capacity, prior to the disposition of such action and promptly following request therefor, upon receipt of an undertaking by or on behalf of such person to repay such advances if it should be determined ultimately that such person is not entitled to indemnification. 


The circumstances under which indemnification is granted in connection with an action brought on our behalf is generally the same as those set forth above; however, with respect to such actions, indemnification is granted only with respect to expenses actually incurred in connection with the defense or settlement of the action. Indemnification may also be granted pursuant to the terms of agreements which may be entered in the future or pursuant to a vote of stockholders or directors. The Nevada Revised Statutes also grant us the power to purchase and maintain insurance which protects our officers and directors against any liabilities incurred in connection with their service in such a position, and we have obtained such a policy.


A stockholder’s investment may be adversely affected to the extent we pay the costs of settlement and damage awards against directors and officers as required by these indemnification provisions. At present, there is no pending litigation or proceeding involving any of our directors, officers or employees regarding which indemnification by us is sought, nor are we aware of any threatened litigation that may result in claims for indemnification.


Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that, in the opinion of the SEC, this indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.


Code of Ethics


We have adopted a Code of Ethics applicable to all of our Board members and to all of our employees and executive officers, including our Chief Executive Officer and Chief Financial Officer. The Code of Ethics constitutes a “code of ethics” as defined by applicable SEC rules.  Our Code of Ethics is filed as an exhibit to this Annual Report on Form 10-K and is posted on our Internet website located at www.vapor-hub.com in the section titled “Investors.” You may also request a copy of the Code of Ethics without charge by writing or calling us at:



71




Vapor Hub International Inc.

Attn: Investor Relations

1871 Tapo Street

Simi Valley, CA 93063

Tel.: (805) 309-0530


Any amendment or waiver of the Code of Ethics pertaining to a member of our Board or one of our executive officers will be disclosed on our website within four business days.


ITEM 11. EXECUTIVE COMPENSATION


The following table and related footnotes show the compensation paid to each person who served as our principal executive officer and to each of our other two most highly compensated executive officers during our fiscal year ended June 30, 2016, and information concerning all compensation paid for services rendered to us in all capacities for such fiscal year.  


Name and Principal Position

Year

Salary ($)

Bonus ($)

Options ($)

All Other Compensation ($)

Total ($)

Kyle Winther,

2016

100,000

-

-

18,188 (1)

118,188

CEO, Director

2015

98,000

-

-

21,107 (1)

119,107

 

 

 

 

 

 

 

Lori Winther,

2016

80,000

-

-

19,636 (2)

99,636

CFO, Treasurer, Secretary, Director

2015

98,000

-

-

17,462 (2)

115,462

 

 

 

 

 

 

 

Gary Jacob Perlingos,

2016

98,000

-

-

-

98,000

President, Chief Technology Officer, Director

2015

98,000

-

-

16,947 (3)

114,947

 

 

 

 

 

 

 

Justin Moreno(4),

2016

130,100

-

 

14,055 (5)

144,155

Former Chief Operating Officer, Director

2015

130,000

-

2,100 (6)

-

132,100


(1)

For the fiscal year ended June 30, 2016, this amount consists of an automobile allowance ($13,808) and health benefits ($4,380).  For the fiscal year ended June 30, 2015, this amount consists of an automobile allowance ($6,444), company owned or leased property for personal use ($7,680), and health benefits ($6,973).


(2)

For the fiscal year ended June 30, 2016, this amount consists of an automobile allowance ($9,168) and health benefits ($9,168).  For the fiscal year ended June 30, 2015, this amount consists of an automobile allowance ($6,642) and health benefits ($8,820).


(3)

For the fiscal year ended June 30, 2015, this amount consists of health benefits ($16,947).


(4)

On August 16, 2016, we eliminated the position of Chief Operating Officer and terminated Justin Moreno from such position. On August 17, 2016, Mr. Moreno resigned as a director of the Company.  


(5)

For the fiscal year ended June 30, 2016, this amount consists of health benefits ($14,055).


(6)

Mr. Moreno was granted an option to purchase 60,000 shares of our common stock at an exercise price per share of $0.0419 on June 30, 2015 which option was fully vested upon grant.  Unless exercised on or prior to November 14, 2016, the option will expire. The value of the option award in the above table represents the grant date fair value computed in accordance with FASB ASC Topic 718.  For the assumptions used in the valuation, please see Note 3 to our Consolidated Financial Statements.  



72




There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. We do not have any material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers.  We did not grant bonuses to our executive officers in 2016 in an effort to preserve cash.


On February 2, 2015, we adopted our 2015 Omnibus Incentive Plan (the “2015 Plan”).  The 2015 Plan provides for the grant of stock options (both incentive stock options and non-qualified stock options), restricted stock, restricted stock units, stock appreciation rights, performance-based awards, dividend equivalents, stock payments and deferred stock units to eligible participants. Eligible participants include officers, employees, non-employee directors and certain consultants and advisers. The aggregate number of shares of the Company’s common stock authorized for issuance under the 2015 Plan is 20,400,000, subject to adjustment as described in the 2015 Plan.  None of our executive officers other than our former Chief Operating Officer, Justin Moreno, have received awards under our 2015 Stock Incentive Plan.


Employee Contracts


We have not entered into any employment agreements with our executive officers.


Outstanding Equity Awards at Fiscal Year-End


The following table provides information with respect to outstanding stock options and stock awards held by each of the named executive officers as of June 30, 2016.


 

 

Option Awards

 

 

Number of Securities underlying Unexercised Options

Option Exercise Price ($)

Option Expiration Date

Name

Grant

Date

(#)

Exercisable

(#) Unexercisable

Justin Moreno

6/30/15

60,000(1)

-

$0.0419

6/30/25

 

 

 

 

 

 


(1)

These options were fully exercisable upon grant and are not subject to vesting.


None of the executive officers listed above exercised options during the fiscal year ended June 30, 2015 or June 30, 2016.


Compensation of Directors


The following table presents information regarding compensation paid to our non-employee directors for our fiscal year ending June 30, 2016.  We do not pay management directors for Board service in addition to their regular employee compensation.


Name

 Fees earned or paid in cash($)

Option Awards

($)

All other compensation ($)

 

Total($)

 

Niels Winther

-

-(1)

 

-


(1)

Niels Winther is the President of Winther & Company, an accountancy corporation.  Winther & Company was paid $56,180 for services rendered to the company during our fiscal year ended June 30, 2016.



73




ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS


The following table presents information regarding the beneficial ownership of our common stock by:

 

·

each of the executive officers listed in the summary compensation table;

·

each of our directors;

·

all of our directors and executive officers as a group; and

·

each stockholder known to us to be the beneficial owner of more than 5% of our common stock.


In general, a person is deemed to be a “beneficial owner” of a security if that person has or shares the power to vote or direct the voting of such security, or the power to dispose or to direct the disposition of such security. A person is also deemed to be a beneficial owner of any securities of which the person has the right to acquire beneficial ownership within 60 days, through the exercise of a warrant or stock option, conversion of a convertible security or otherwise. Unless otherwise indicated, each person in the table will have sole voting and investment power with respect to the shares shown. For purposes of this table, shares not outstanding which are subject to issuance on exercises of stock options or conversion of a note that are held by one or more person(s) are deemed to be outstanding for the purpose of computing the percentage(s) of outstanding shares beneficially owned by such person(s) but are not deemed to be outstanding for the purpose of computing the percentage for any other person. The table assumes a total of 90,292,443 shares of our common stock outstanding as of October 10, 2016.  Unless otherwise indicated, the address of each of the executive officers and directors and greater than 5% stockholders named below is c/o Vapor Hub International Inc., 1871 Tapo Street, Simi Valley, CA 93063.


Name of Beneficial Owner

Number of Shares Beneficially Owned

Percentage of Shares Outstanding

 

 

 

Executive Officers and Directors:

 

 

Kyle Winther

12,666,667

14.0%

(Chief Executive Officer and Director)

 

 

Lori Winther

12,666,667

14.0%

(Chief Financial Officer, Treasurer, Secretary and Director)

 

 

Gary Jacob Perlingos

12,666,667

14.0%

(President, Chief Technology Officer and Director)

 

 

Justin Moreno (1)

60,000

*

(Former Chief Operating Officer, Former Director)

 

 

Niels Winther (2)

200,000

*

(Chairman of the Board)

 

 

All directors and executive officers as a group (five persons) (3)

38,260,001

42.3%


5% Stockholders

 

 

None

 

 



*less than 1%


(1) Consists of options to purchase 60,000 shares of common stock.

(2) Consists of options to purchase 200,000 shares of common stock.

(3) Consists of options to purchase 260,000 shares of common stock and 38,000,001 shares of common stock.




74



Securities Authorized for Issuance Under Equity Compensation Plans

 

The following table sets forth certain information regarding our equity compensation plans as of June 30, 2016.


Name

 

Number of securities to be issued upon exercise of outstanding options, warrants and rights

 

Weighted-average exercise price of outstanding options, warrants, and rights

 

Number of securities remaining available for future issuance under equity compensation plans

Equity compensation plans approved by security holders (1)

 

310,000

 

$0.0419

 

20,090,000

Equity compensation plans not approved by security holders

 

-

 

-

 

-


(1)

Consists of shares underlying our 2015 Omnibus Incentive Plan, of which an aggregate of 20,400,000 shares have been reserved for issuance. All outstanding awards under the 2015 Omnibus Incentive Plan consist of stock options.


Changes in Control


We are unaware of any contract or other arrangement, the operation of which may at a subsequent date result in a change of control of our company.


ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE


Other than the transactions described below, since June 30, 2014, there has not been, nor is there currently proposed, any transaction or series of similar transactions to which we were or will be a party:


·

in which the amount involved exceeds the lesser of $120,000 or one percent of the average of our total assets at year end for the last two completed fiscal years; and

·

in which any director, executive officer, stockholders who beneficially owns more than 5% of our common stock or any member of their immediate family had or will have a direct or indirect material interest.


As of June 30, 2015 and 2016, the Company had a balance of $96,312 and $103,409, respectively, outstanding as related party loans from Kyle Winther, the Company’s CEO, Lori Winther, the Company’s CFO and Winther & Company, CPAs (an entity owned by Lori Winther, and her husband, Niels Winther, CPA, who is a director of the Company), as well a Chase Bank Line of Credit (which was extended to the Company, though owed personally by Niels & Lori Winther). The outstanding balances are unsecured, non-interest bearing and repayable upon demand.  Each of Kyle Winther and Lori Winther also own approximately 14% of our common stock.  


From time to time the Company will engage the services of Winther & Company, CPAs to provide bookkeeping, accounting and tax services to the Company. For the year ended June 30, 2016 the Company incurred approximately $56,180 in fees with Winther & Company. As of June 30, 2016 and 2015, the Company had Accounts Payable outstanding to Winther & Company of $0 and $232, respectively.  


On December 29, 2014, Kyle Winther entered into a vehicle financing agreement with the Bank of the West. Pursuant to the agreement, the amount financed was $39,275, payable in 48 monthly payments plus accrued interest at a rate of 3.9%. In January 2015, the Company agreed to assume the payments on this loan and capitalized the vehicle (see Note 9). As of June 30, 2016 the outstanding balance was $30,349.



75




On January 2, 2015, the Company entered into a Business Loan and Security Agreement with B of I Federal Bank (the “Bank”).  Pursuant to the agreement, the Company borrowed $200,000 from the Bank and received net proceeds of $195,000 USD after deducting an origination fee of $5,000.  Prior to its repayment on June 2, 2015, this loan was secured by all personal property of the Company and was also personally guaranteed by Lori Winther, Kyle Winther and Gary Perlingos.  


On June 2, 2015, the Company entered into a new Business Loan and Security Agreement with the Bank.  Pursuant to the agreement, the Company borrowed $175,000 from the Bank and received net proceeds of $104,071 after deducting an origination fee of $1,875 and the repayment of $69,054 in full satisfaction of the Company’s remaining obligations under that certain Business Loan and Security Agreement entered into with the Bank on January 2, 2015.  Prior to its repayment on November 3, 2015, the loan was secured by all personal property of the Company and was also personally guaranteed by Lori Winther, Kyle Winther and Gary Perlingos.  


On November 3, 2015, the Company entered into a new Business Loan and Security Agreement with the Bank.  Pursuant to the agreement, the Company borrowed $125,000 from the Bank and received net proceeds of $93,615.51 after the repayment of $31,384.19 in full satisfaction of the Company’s remaining obligations under that certain Business Loan and Security Agreement entered into with the Bank on June 2, 2015.  Prior to its repayment on December 24, 2015, the loan was secured by all personal property of the Company and was also personally guaranteed by Lori Winther, Kyle Winther and Gary Perlingos.


On September 1, 2015, the Company entered into a Commercial Lease Agreement with the Winther Family Trust, pursuant to which the Company will lease the property located at 1871 Tapo Street, Simi Valley, CA 93065 (the “Premises”), for a term of 60 months commencing on September 1, 2015. The Company will pay a base rent of $5,650 per month for the duration of the term. The Premises is replacing the Company’s prior facility located at 67 W. Easy Street, Unit 115, Simi Valley, CA 93065 and will serve as the Company’s primary office location. In addition to providing office space, the approximately 5,000 square foot facility will also be used for warehousing and shipping.  The lessor of the Premises, the Winther Family Trust, is controlled by Niels Winther and Lori Winther.


Director Independence


We currently do not have any independent directors, as the term “independent” is defined by NASDAQ Listing Rule 5605(a)(2).



76




ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES


The following table presents the fees for professional audit services rendered by our principal accountants, Hall and Company, Inc. and Hartley Moore Accountancy Corporation for the audit of our annual consolidated financial statements for the years ended June 30, 2016 and June 30, 2015.  


In connection with the reorganization of Hartley Moore Accountancy Corporation (the “Former Auditor”), its audit partners and staff joined Hall and Company, Inc. (“Hall”).  Due to the reorganization of the firm, the Former Auditor resigned as our independent, effective May 12, 2016. The Former Auditor had served as our auditor since March 30, 2015.  As a result of the reorganization, our Board of Directors approved the resignation of the Former Auditor effective May 12, 2016, and the engagement of Hall as our independent registered public accounting firm for the fiscal year ended June 30, 2016 effective May 12, 2016.


All services reflected in the following fee table were pre-approved, respectively, in accordance with the policy of our board of directors.


 

 

 

 

 

 

For the Fiscal Year Ended

June 30 2015

 

For the Fiscal Year Ended  

June 30, 2016

 

 

 

 

Audit fees (1)  

$45,360

 

$54,171

Audit-related fees 

-

 

-

Tax fees 

-

 

-

All other fees 

-

 

-

Total

$45,360

 

$54,171


NOTES:


(1) Audit fees consist of audit and review services, consents and review of documents filed with the SEC.


Our board of directors pre-approves all audit (including audit-related) and permitted non-audit services to be performed by our independent auditors. Our board will annually approve the scope and fee estimates for the year-end audit to be performed by our independent auditors for the fiscal year. With respect to other permitted services, our board pre-approves specific engagements, projects and categories of services on a fiscal year basis, subject to individual project and annual maximums. To date, we have not engaged our auditors to perform any non-audit related services.






77




PART IV


ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES


 (a)           Documents filed as part of this report

 

 

1.

Financial Statements.

 

All financial statements are set forth under Item 8 of this report.

 

 

2.

Financial Statement Schedules.

 

All financial statement schedules are omitted because the information is inapplicable or presented in the Notes to Financial Statements.

 

 

3.

Exhibits. See Item 15(b) below.

 

 

(b)

Exhibits. We have filed, or incorporated into this Form 10-K by reference, the exhibits listed on the accompanying Index to Exhibits immediately following the signature page of this Form 10-K.

 

 

(c)

Financial Statement Schedule. See Item 15(a) above.

 




78




SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

VAPOR HUB INTERNATIONAL INC.

 

a Nevada Corporation

 

 

Date: October 13, 2016

/s/ LORI WINTHER

 

By: Lori Winther

 

Its: Chief Financial Officer

 

(Principal Financial and Accounting Officer)


POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Lori Winther and Kyle Winther, and each of them, as his true and lawful attorneys-in-fact and agents, with full power of substitution for him, and in his name in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and any of them or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Exchange Act of 1934, this Annual Report on Form 10-K has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

 

 

 

 

 

Name

  

Title

 

Date

 

 

 

/S/    KYLE WINTHER        

Kyle Winther

  

Chief Executive Officer

and Director (Principal Executive Officer)

 

October 13, 2016

 

 

 

/S/    LORI WINTHER        

Lori Winther

  

Chief Financial Officer, Treasurer, Secretary and Director (Principal Financial and Accounting Officer)

 

October 13, 2016

 

 

 

/S/     Gary Jacob Perlingos       

Gary Jacob Perlingos

  

President, Chief Technology Officer and Director

 

October 13, 2016

 

 

 

 

 

 

/S/    NIELS WINTHER        

Niels Winther

  

Chairman of the Board

 

October 13, 2016

 

 

 




79



INDEX TO EXHIBITS


Exhibit

 

Incorporated by Reference

Filed

Number

Exhibit Description

Form

File Number

Exhibit

Filing Date

Herewith

 

 

 

 

 

 

 

3.1

Certificate of withdrawal of Certificate of Designation

8-K

000-55363

3.1

2/6/2015

 

3.2

Amended and Articles of Incorporation of the Registrant

8-K

000-55363

3.2

2/6/2015

 

3.3

Amended and Restated Bylaws of the Registrant

8-K

000-55363

3.3

2/6/2015

 

3.4

Articles of Merger filed with an effective date of March 14, 2014 with the Nevada Secretary of State on February 14, 2014

8-K

000-55363

3.1

3/6/2014

 

10.1

Share Exchange Agreement among the Registrant, Delite Products, Inc., Vapor Hub, Inc., and the Shareholders of Delite and Vapor Hub, Inc., dated February 14, 2014.

8-K

333-173438

10.1

2/18/2014

 

10.2

Form of Subscription Agreement for Note Purchases on March 14, 2014, April 10, 2014 and May 19, 2014

10-Q

333-173438

10.2

5/15/2014

 

10.3

Lease Agreement dated August 5, 2013 by and Between the Registrant and S.B.P.W., LLC, as amended by Amendment No. 1 and Amendment No. 2.

10-K

333-173438

10.3

9/29/2014

 

10.4

Securities Purchase Agreement, dated as of November 4, 2014, by and between the Registrant and Typenex Co-Investment, LLC

8-K

333-173438

10.1

11/10/2014

 

10.5

Secured Convertible Promissory Note, dated as of November 4, 2014, by the Registrant in favor of Typenex Co-Investment, LLC

8-K

333-173438

10.2

11/10/2014

 

10.6

Investor Note #1 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.3

11/10/2014

 

10.7

Investor Note #2 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.4

11/10/2014

 

10.8

Investor Note #3 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.5

11/10/2014

 

10.9

Investor Note #4 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.6

11/10/2014

 

10.10

Investor Note #5 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.7

11/10/2014

 

10.11

Investor Note #6 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.8

11/10/2014

 




80




10.12

Investor Note #7 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.9

11/10/2014

 

10.13

Investor Note #8 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.1

11/10/2014

 

10.14

Investor Note #9 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.11

11/10/2014

 

10.15

Investor Note #10 issued to the Registrant on November 4, 2014.

8-K

333-173438

10.12

11/10/2014

 

10.16

Security Agreement, dated as of November 4, 2014, by the Registrant in favor of Typenex Co-Investment, LLC

8-K

333-173438

10.13

11/10/2014

 

10.17

Business Loan and Security Agreement between B of I Federal Bank and the Registrant dated January 2, 2015.

10-Q

000-55363

10.14

2/17/2015

 

10.18*

Vapor Hub International Inc. 2015 Omnibus Incentive Plan.

8-K

000-55363

10.1

2/6/2015

 

10.19

Business Loan and Security Agreement, dated as of June 2, 2015, by and between the Company and BofI Federal Bank.

8-K

000-55363

10.1

6/8/2015

 

10.20

Note Purchase Agreement, dated as of June 4, 2015, by and between the Company and Typenex Co-Investment, LLC.

8-K

000-55363

10.2

6/8/2015

 

10.21

Form of Promissory Note issued to Typenex Co-Investment, LLC on June 4, 2015.

8-K

000-55363

10.3

6/8/2015

 

10.22

Note Purchase Agreement, dated as of August 12, 2015, by and between the Company and Iliad Research and Trading, L.P.

8-K

000-55363

10.1

8/18/2015

 

10.23

Promissory Note issued to Iliad Research and Trading, L.P. on August 12, 2015.

8-K

000-55363

10.2

8/18/2015

 

10.24

Triple Net Lease Agreement by and between the Winther Family Trust and the Registrant.

10-K

 000-55363

10..25 

10/13/2015 

 

10.25

Note Settlement Agreement by and between Vapor Hub International Inc. and Typenex Co-Investment, LLC dated December 18, 2015.

8-K

 000-55363

10.1

12/24/2015

 

10.26

B of I Business Loan and Security Agreement dated November 3, 2015

10-Q

 000-55363

10.1

2/16/2016

 

10.27

Senior Secured Credit Facility Agreement dated December 24, 2015 by and between Vapor Hub International Inc. and TCA Global Credit Master Fund, LP.

8-K

 000-55363

10.1

12/31/2015

 

10.28

Security Agreement dated December 24, 2015 by and between Vapor Hub International Inc. and TCA Global Credit Master Fund, LP.

8-K

 000-55363

10.2

12/31/2015

 

10.29

Convertible Promissory Note dated December 24, 2015 issued by Vapor Hub International Inc. to TCA Global Credit Master Fund, LP.

8-K

 000-55363

10.3

12/31/2015

 



81




10.30

Amendment to Note Settlement Agreement dated February 19, 2016 by and between Vapor Hub International Inc. and Typenex Co-Investment, LLC.

8-K

 000-55363

10.1

2/25/2016

 

10.31

Amendment to Promissory Note dated February 19, 2016 by and between Vapor Hub International Inc. and Iliad Research and Trading, L.P.

8-K

 000-55363

10.2

2/25/2016

 

10.32

Amendment #2 to Note Settlement Agreement entered into on May 12, 2016 but effective as of April 15, 2016 by and between Vapor Hub International Inc. and Typenex Co-Investment, LLC.

8-K

 000-55363

10.1

5/18/2016

 

10.33

Exchange Agreement entered into on May 12, 2016 but effective as of April 15, 2016 by and between Vapor Hub International Inc. and Iliad Research and Trading, L.P.

8-K

 000-55363

10.2

5/18/2016

 

10.34

Form of Convertible Promissory Note issued by Vapor Hub International Inc. on April 15, 2016 in favor of Iliad Research and Trading, L.P.

8-K

 000-55363

10.3

5/18/2016

 

10.35

Exchange Agreement entered into on July 15, 2016 by and between Vapor Hub International Inc. and Iliad Research and Trading, L.P.

8-K

 000-55363

10.1

7/21/2016

 

10.36

Form of Convertible Promissory Note issued by Vapor Hub International Inc. on August 12, 2016 in favor of Iliad Research and Trading, L.P.

8-K

 000-55363

10.2

7/21/2016

 

14.1

Vapor Hub International Inc. Code of Ethical Conduct.

10-K 

333-173438 

14.1 

9/29/2014 

 

21.1

Subsidiaries of Vapor Hub International Inc.

 

 

 

 

X

23.1

Consent of Hall and Company, Inc., Independent Registered Public Accounting Firm.

 

 

 

 

X

23.2

Consent of Hartley Moore Accounting Corporation, Independent Registered Public Accounting Firm.

 

 

 

 

X

24.1

Power of Attorney (included on the Signatures page of this Annual Report on Form 10-K).

 

 

 

 

X

31.1

Certification of Principal Executive Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a) as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

 

 

 

X

31.2

Certification of Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a) as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

 

 

X

32.1

Certifications of Principal Executive Officer and Principal Financial Officer pursuant to Securities Exchange Act Rules 13a-14(b) of the Exchange Act and 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

 

 

#



82




101.INS

XBRL Instance Document

 

 

 

 

X

101.SCH

XBRL Taxonomy Extension Schema Document

 

 

 

 

X

101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document

 

 

 

 

X

101.DEF

XBRL Taxonomy Extension Definition Linkbase Document

 

 

 

 

X

101.LAB

XBRL Taxonomy Extension Label Linkbase Document

 

 

 

 

X

101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document

 

 

 

 

X

_________________________________________

#

Furnished herewith.

* Each management contract or compensatory plan or arrangement required to be filed as an exhibit to this report on Form 10-K




83



EX-21.1 2 f211.htm SUBSIDIARIES OF VAPOR HUB INTERNATIONAL INC. Converted by EDGARwiz

Exhibit 21.1

SUBSIDIARIES OF THE REGISTRANT


None.








EX-23.1 3 f231.htm CONSENT OF HALL AND COMPANY, INC., INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Converted by EDGARwiz

Exhibit 23.1


Consent of Independent Registered Public Accounting Firm


To the Board of Directors

Vapor Hub International Inc.

Simi Valley, California


We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (file No. 333-204897), pertaining to the registration of 20,400,000 shares of common stock of Vapor Hub International Inc., of our report dated October 13, 2016, relating to the consolidated financial statements of Vapor Hub International Inc. appearing in the entity’s Annual Report on Form 10-K for the year ended June 30, 2016.


We also consent to the reference to us under the caption “Experts” in the Registration Statement.


/s/ Hall and Company

Irvine, California

October 13, 2016




EX-23.2 4 f232.htm CONSENT OF HARTLEY MOORE ACCOUNTING CORPORATION, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Converted by EDGARwiz

Exhibit 23.2


Consent of Independent Registered Public Accounting Firm


To the Board of Directors

Vapor Hub International Inc.

Simi Valley, California


We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (file No. 333-204897), pertaining to the registration of 20,400,000 shares of common stock of Vapor Hub International Inc., of our report dated October 13, 2015, relating to the consolidated financial statements and schedules of Vapor Hub International Inc. appearing in the entity’s Annual Report on Form 10-K for the year ended June 30, 2015.


We also consent to the reference to us under the caption “Experts” in the Registration Statement.


/s/ Hartley Moore Accountancy Corporation

Irvine, California

October 13, 2015




EX-31.1 5 f311.htm EXHIBIT 31.1 Converted by EDGARwiz

Exhibit 31.1

Certification of Principal Executive Officer Pursuant To
Exchange Act Rules 13a-14(a) and 15d-14(a),
As Adopted Pursuant To
Section 302 of Sarbanes-Oxley Act of 2002

I, Kyle Winther, certify that:

 

 

 

 

 

 

1.

I have reviewed this annual report on Form 10-K of Vapor Hub International Inc.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4.

The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)

Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)

Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5.

The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

 

Date: October 13, 2016

/s/ Kyle Winther

Kyle Winther

Chief Executive Officer

(Principal Executive Officer)




EX-31.2 6 f312.htm EXHIBIT 31.2 Converted by EDGARwiz

Exhibit 31.2

Certification of Principal Financial Officer Pursuant To
Exchange Act Rules 13a-14(a) and 15d-14(a),
As Adopted Pursuant To
Section 302 of Sarbanes-Oxley Act of 2002

I, Lori Winther, certify that:

 

 

 

 

 

 

1.

I have reviewed this annual report on Form 10-K of Vapor Hub International Inc.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4.

The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)

Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)

Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5.

The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

 

Date: October 13, 2016

/s/ Lori Winther

Lori Winther

Chief Financial Officer

(Principal Financial and Accounting Officer)




EX-32.1 7 f321.htm EXHIBIT 32.1 Converted by EDGARwiz

Exhibit 32.1

Certifications of Principal Executive Officer and Principal Financial Officer
Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant To
Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Annual Report of Vapor Hub International Inc. (the “Company”) on Form 10-K for the year ended June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the knowledge of the undersigned:

1.

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



Date: October 13, 2016

/s/ Kyle Winther

Kyle Winther

Chief Executive Officer


Date: October 13, 2016

/s/ Lori Winther

Lori Winther

Chief Financial Officer




GRAPHIC 8 vhub10k2016001.jpg IMAGE begin 644 vhub10k2016001.jpg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end GRAPHIC 9 vhub10k2016002.jpg IMAGE begin 644 vhub10k2016002.jpg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�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

(_Z=E 5K6[;QJ!]9!R^VL6)@T_'2M0+@5.:[5-E2 MI)+(%[*YR,FE0<]_NFM6H<15213W$&M<5_5&=^R,R2EB>4ZGNKU7.268%Y1@&=K:<:SO?EN:WKV0LG(:15!["3]M9DPUE M'O5,CO0*#FBY$3K>@6"A34>+M-&22!0"RB_LH UNP_"@)25-^WLH++'S87LK M^%^_LK5N7FWX?6$9T\CN%5_"!:UZ5>+7W0'!&AJ.\)%11T H)N!F>3&ZEBI^ M9;=]8WUN>C>NRVV+JK(VW?\ #W!+&&'PY,#:I+&P*R(P[G4D4VUSK94EQMF. MF[W&V3MDB;=,9(M_P>C3; M'2-[LZ/MFQ8>"Y!FBB3Z@CAYI'-);^VQK>]Z)I.IN;.V=D@Q8:CYN8C5_RF%(4-QOI3*"D:_"D#1)-517L:H.]Q4!@BU 1- 5 !PH 10*OI:@23 M0)JA0!J S0)N:H!H"H#N: R:@35"J@ -Z #4T - JVE GMH"/&J!QH#6@.U0 M%:@!X500- 8-0"] =4'>H"/&J$@:T!U :BJ'(^;S$M\UQ;[:B+[)7*Q9%6RO M(XYN52U[=^@KGLZ:SH'UVX#08C'V\QK'3W:#Z_<__P C;^]3I[A.7O,T:A3C MF,GA=@1;X5VERYV(O\]F_P"'^FM(+^>S6MY?LXT!_P ^F_X8^V@#;Y."5,8N M--&N-/=0$=^GM_ACM[>^@'\^G_X8^WNH$G?,BUN0?:>V@'\]R?V%^TT!?SO* MT "CA^B@+^=9?:ZM^(QXD]M2 M]@4L4J>*06N>/MI+%L(# <#5#BNK'7]%193\-[/J:5_" .-:L"_&?: M>RI!HMOPU;%5LH$RL+VO:P[*Z3>NEXXAY^,8SS0D@4\ZU.+57MB3Y"J]Q?6Y M/OKMK;>?J=I?TY0 M\G:LF)U1[7(YA8WTX5K77+&W+(BOBRH;,*72KKR2B\A^ZGC6LC7'+42 MHMKEDMJ!>KA;T*DVIT-@W-;B:>+EYD-M[FQ!T]M7Q/,M*78Y/MV.6/D+8H M6YC86[ZN$FQN?#@\OGMHVJM?6F'.\F+A =(V>R+RCAQO2QUELG4XV,JKS'AW MU,,3DS30\ONHZ=1@*=;44?(M,&6FZ6ZK^CA_D^;(5PRYDQ)^/D2MQX_4F6DG#,+EK "[$Z>^IMKFM3;$4&Y]6=+;;<96X1M(/]U%^* M_P!B7_3737@M8VYI&:S_ %9PD1OY9@O*VH$F00@]_*MR?M%=M?C>[CM\CV<^ MW/=\[>,]\W/D\R4CE51HB+V*J]@KTZZS68CAMM;UJ%S( 0*5DW*I9"0:(B$ MCE)H%1-ZNJPT236E!7MI2Q #:T49>XM?2@% .4D7MI0(.M 5 M #5 M4 .E .R@,"@!H!0)J@P:@.@(@4!:4 M5 '&@.@%J 6OPJ #2J!4!T M- 5 -#0"U 8H#- 5J K4!50+&@4!4!U050"]4)UH%4 &AH'HA>6/^(?KJ"_S MB&W@ MR\J@#[*YUTV]#@1K$^ MPUOCF*;7HHZ[.84"O!R"U_,O\+?UT0FW?]M, 6H %)-N_OH#*@$V-QV&AD9" M<@M?G[>[M_T5X"KXIG @A)L*GBN0Y&J^*9#D-/$R/RSV\*>)DJ.X=6'W2#4 MNIE=9VWEL62VMAS#X5YYTKKW9\1LQLHN3P%=Y,L9$ 0;B@>R 7*2EN?G&IL1 M8C2U1#7+5P% W-NRLJ#*!VT#BL.7E-9PAS$ ,E9W[%298?-D TKG-L1E&>$ M1RGN%=)MF+E(P@IS8KZ@L :E[-N^''?A\B6W$,+&.];^JQ/CX]4=LER=-!W5B[NTTP)!'V5,KD&W+)86)'V5?).ALY7-_(4?FR5'N6_]51N'5Z1_:RC\%_T MT%5G[.(LMXHY"RI8%F&I-JQMMAO693]KR,O"3R6;S\8\8)%#+\+\*X;ZS9VU MMB[Q,_9D97?;E+J;@'Q+?W,;?HKG>/;W;\Y[+*3U&SH 8\%(L8\!(P\Q[#N& MBC[*NO#(S>10;EOVX[D2<[<99U/W&)"?W19?T5UDD[.=VSZJ.:>(27&H&@]U M=& &2K ]U9RB,V0RD@<*N N"1"K:]::&SFU,(0;G6J MH T UO0/1",D\^@K-RE*\J WLU3-"XX8CQ<6I=JA$D##1#=:LIDSY3"]]*U MEHCE/;0 7O:@!!H!8]M #0"_90':@30"@%J [:4!=M 1XU0H6J B-:H(\: Q MJ* P+4!6O4!V H!0%K0%8U0I14 - 7-5"N(J KZ4 &M 16J# -0'P% 5P: N MV@,4 - 5 8H%QO:1#W$']-!HIEY]Y2W[8'VBL3NW5I](W[)IXLY']$_[)IXF M43=,&1MOE 0DBQM[C5DZC*Z7_IKLP?2&+R&=B2QTBM8@V/BYM=-*TQDT=+%= M--??19^)15+J&/9XO8*O1,TE50L%YK7.C'A[ZD6TI G;JPN;'A52Y)(6_P#3 M2J%AQTL.-#)81&6][:&WMMV"K>S.;DE5# D"I%MP)5%[,>7O-(MI9)E8N[\W M* H[R +"WN%).J6]!\B7T-]!8CO/OJ]&H@H Y M^*TF"WT*7RKVJDR$BJCE19BNA(-Q\*F5ZBTUU M^SV5,*V7D(V./&#S)_17EVCOJQ9Y8WD4J#Q47[->(KMI>C&\ZBAL)H^ (8<> M'&M(NLM)\G:7DR(?+FAEY8[#E#*=-.^LQ8J(\)-<]NJ9 YC\YY:>$#HB66(L3KVUG.* MAC'+12J_8I!'PK=:UO5J!*LD8=3=6%P:2O0BS6MJ:"#D2Q*-6%ZJ*V>;F/AK M4C-I"PNW8:.=J5$K@",$^M(8GRXX %C',W?W5 U'A962 MZQL0W"P)K6NC.W)@^FP9['_#/QL*UXQ/J7V2$Z7S#\Q5?>?ZJF(>6R0O2IMX MI$YO[1IB'EL)NF"O%EMW@-_73HF=B(]CPS*(C*0Q-OD-K^\UKQB>=SW3DZ5P MOOR,3[ !6.M;*DN?D8Z?&K;ABF)Y2U MQV"D91SRVT-S6\J7$A(U-JS:A,H4'2K%AH&QM6E*J(2Q(JJ-1X=>-1"RG*@+ M"ID-E@3H+5I22=:!6O+:@4+!=>-1">S0U5+CF<<*EB8+>?FU(UJ2!ABQ:M*6 M$:W"F4+" #6ID$8M;G04R&WL.%52.4\35!^RH %-Z $6- 5[4 YJ [=M 16J M !0'0$:!6@% 0-0$30$"2:H54 )H"O5 !-0#6@*U4*J 4 [* B: ] + M6H *H.H!0%5 J P:HT23 [BDH.C%&'V*:Y^K57!S7!^:F3 OK7_;IDP9S/ MM%)2P%(+W3C3 M(0=/E:]11$VN"/%2TP/PVOJ3VBF0%#$\HM>W?\:9!"_=PH-9@S7PX"=3Y8_5 M7GV[NFK)R,SR.YT);4>T^RNFO9-NXK%>5BNAO:]]:TR7)E3.I#NS7L +Z6'L MJVA(=/+(-_,T"VM:VM[]M3)A8;=$06#C2U>7DK2/ER$.8^P&MZ3U0S&5/'LK M5*?,J*GMK.&3" GF([:U6BTF95*5+KE,)"*)(PMK6K/47_3V"&QGDF!*LUD0 MWL+<3:MZZMRW"P.VX+2ZPJ0H_2:W@S3@V[ '#'C_ +HHAJ3;5YKQ\H'[!4#] M(HF#3HT2D/& ITYB+C^\* \3 Q7YI'@0@V": Z#MH8.2;/MSZF$ _NW'ZJN3 MQC.9V%&F4ZQIX =.VL6K(TF&8X\.)&\ 5!Q]U;C%IU6C YD U[JJ'%*L3I>W M;4:A1Y?=0N#$WBLH/;5C-)APU$GFO\_W1V"EV6:GF!#!OTU"S!7'V&BC!^-1 M1T4* 4 H!0"PHF"&B0D&UB.VKE/$EKF8"WA76_M[J'J63IPH9%;4&B%U&C#8 MJL[-?B;UFQK(#%3OI@R,8Z#MI@8;/)3,G /^\;]=,)2+*8[WXUGU3!KRSQ6K MDR>\2H+=M99-2*0POVUJ-0VDR$<=*JC\MB=*90OG5+ #45,93!$L MKOJ>'=5DPN#0!)JJ6(RQT[*F4.%0JW[:F4R:)N=:TT0;@U0H:&H'F6/E!!U[ M140AN6^E%!)6!I8#=RVM)$&9&*ZTP&[WJJ%U[:!484@FI4)-P=:JD\=:!+50 M8M0*%0%0%>@,4!VH$MK5 (TH$T"E% &XT!4"@*@(VH#% #0%0&.- 9H$T - M * [@U050"@.@*@*YJ@S4%UC.SK"]M;*/[MA_16+W6)S,Q)K+0QSWIE",UF& M#.?W?Z:U!GB9'T.O;[>'?79SDP38\+TPHK'OJ ^!N#[JJ%:7!'AMPH 5+.?% MS-?[33!D14#2^O:: ::_HJ@U/*0P-R.PBX_30%>ID#X\*N0/#W_&H#NO']%7 M(+F%N\]],]# W2*,.%?O J!+UYM[U=M=;AG)G5LB4][,0>';7;7LSMW-\P[JN4P+F]E,@ EX-101.INS 10 vhub-20160630.xml XBRL INSTANCE DOCUMENT 607960 351081 880 9511 38254 61269 133166 39258 10556 9474 1376305 794377 134223 159546 14341 6895 1524869 960818 828146 509618 94754 82499 1247 448539 192091 7211 384769 103409 96312 827883 68584 2311189 1333873 5440 23137 29189 23137 34629 2334326 1368502 86860 72456 775929 557463 -1672246 -1037603 1524869 960818 0.001 0.001 10000000 0 0 0 0 0.001 0.001 1010000000 140000000 86860375 72455606 6497550 5296342 3551069 3202067 2946481 2094275 1392805 1207369 1322857 1302991 2715662 2510360 230819 -416085 -15000 -176560 -163016 -103695 -6762 -348316 -6125 -475575 254484 -19609 -864662 -195512 -633843 -611597 800 2400 31057 22051 348316 3226 5902 83380 6762 6125 475575 -254484 19609 11875 54341 6000 10850 8631 -9511 -261705 -127621 54811 96638 -7446 5267 12255 -224636 282430 289760 -437359 -5734 -39890 -5734 -39890 -4193 -3772 -73750 75000 80543 -67903 -85608 593350 272008 -531359 -70313 296639 483071 -157295 -152291 -6052 -2875 124437 520763 256879 43514 307567 607960 351081 161274 106738 800 2400 32878 13001 39275 130000 614340 69054 831256 715289 60000 83089 102870 706911 48975 68060 -69311 -423606 -424877 68060001 300 5700 6000 300000 10850 10850 4096 610244 614340 4095605 -613997 -613997 72456 557463 -1037603 -407684 72455606 3810 99060 102870 3810000 10594 119406 130000 10594769 -634643 -634643 86860 775929 -1672246 -809457 86860375 10-K 2016-06-30 false VAPOR HUB INTERNATIONAL INC. 0001515718 vhub --06-30 86860375 32196772 Smaller Reporting Company Yes No No 2016 FY <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'><b>NOTE 1- INCORPORATION, NATURE OF OPERATIONS AND ACQUISITION</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Vapor Hub International Inc. (formerly DogInn, Inc.) (hereinafter known as &#147;the Company&#148;) was incorporated in the State of Nevada on July 15, 2010. On February 14, 2014, the Company entered into a Share Exchange Agreement with Vapor Hub Inc., a California corporation (&#147;Vapor&#148;), Delite Products, Inc., a California corporation (&#147;Delite&#148;) and the shareholders of both companies (the &#147;Exchange Agreement&#148;). &nbsp;As a result of the closing of the transactions contemplated by the Exchange Agreement, Vapor and Delite became the Company&#146;s wholly owned subsidiaries (which subsidiaries were subsequently merged into the Company on May 18, 2015, ending the separate existences of Vapor and Delite.) and the Company now carries on the business of developing, producing, marketing and selling the next generation of electronic cigarettes, known as vaping devices, and related accessories, including e-liquids, batteries and atomizers.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Business Overview </b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'><i>Product Description</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Vaping devices (as well as electronic cigarettes, also known as e-cigarettes) are battery-powered products that allow users to inhale water vapor instead of the smoke, ash, tar and carbon monoxide associated with traditional cigarettes. In contrast to e-cigarettes, vaping devices are often precision manufactured from metallic materials and do not look like traditional cigarettes. Vaping devices, as compared to e-cigarettes, also offer a unique user experience as a result of greater vapor production, enriched taste, and an ability to highly customize a device with different mechanical components and fashionable accessories, including different colors and finishes. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><i>Sourcing</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company uses third party contract manufacturers to produce and finish its mods (&#147;Mods&#148;), including its Limitless Mechanical Mod, from facilities located in both Southern California and China.&#160; The Company&#146;s Mods, which are made from a metallic material such as steel, brass or copper, are custom machined to meet the Company&#146;s design specifications.&#160; Once machined, unfinished products are delivered to the Company&#146;s location in Simi Valley or to a third party service provider to be buffed, polished and to add various treatments and embellishments, such as paint and engravings.&#160; Finished products are then held in inventory for distribution and sale. In the Company&#146;s fiscal year ended June 30, 2015, the Company relied on one manufacturer to machine all of its Mods and in the fiscal year ended June 30, 2016, the Company relied on two.&#160; Although the Company has relied on a limited number of manufacturers to machine its Mods, the Company believes manufacturing capacity is available to meet its current and planned needs. The Company does not currently have any long term agreements in place for the manufacture of its Mods. </p> <p style='margin:0in;margin-bottom:.0001pt;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>With respect to the Company&#146;s custom designed atomizers which it markets and distributes globally, in the Company&#146;s fiscal year ended June 30, 2016, the Company sourced these products from one manufacturer located in the United States.&#160; In the Company&#146;s fiscal year ended June 30, 2015, the Company sourced its atomizers from two manufacturers located in the United States.&#160; The Company believes that suppliers for its atomizers are available to meet its current and planned needs.</p> <p style='margin:0in;margin-bottom:.0001pt;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company sources its proprietary E-liquids (such as our Binary Premium E-Liquid) from an ISO Class 7 certified manufacturer in the USA, which helps ensure their purity and quality.&#160; In addition to sourcing its own e-liquids, the Company also purchases e-liquid from other reputable American suppliers for resale through its distribution channels. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'><i>Product Distribution</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Products distributed by the Company include vaping devices and related accessories purchased from third parties for resale as well as its own vaping devices and related accessories, which it designs and sources, including its popular &#147;Limitless Mechanical Mods&#148;, &#147;Limitless Box Mod&#148; and &#147;Limitless Atomizer&#148;, as well as &#147;Binary Premium e-Liquid&#148;. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Company markets and sells its vaping devices and related products to end customers through its website www.vapor-hub.com, to retail stores through direct sales both in the United States and internationally, and through third party wholesalers both in the United States and internationally who then resell the Company&#146;s products to retailers in their territory.&#160; Retailers of the Company&#146;s products include vaping shops throughout the United States and in approximately 23 other countries.&#160; &#160;The Company also distributes its products on a limited basis through convenience stores and gas stations.&#160; In 2016 and 2015, approximately 28% and 6%, respectively, of the Company&#146;s sales were to customers outside of the United States.&#160; All such sales are denominated in United States Dollars, therefore, there are no foreign currency risks associated with international sales by the Company. All assets and liabilities are generated and located in the United States.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>With respect to vaping devices and related products that the Company sells through third party wholesalers, the Company typically sells its products to these wholesalers for their re-sale on a non-exclusive basis and the Company also typically does not have long term contractual arrangements with any of its wholesalers.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'><i>Operation of Retail Stores</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Company sells its products and those of third parties to end consumers directly through its retail location located in Simi Valley, California.&#160; Through its retail location, the Company sells and markets vaping devices as well as e-liquid, accessories, and supplies relating to vaping devices to both novice users as well as consumers who demand high end technical devices.&#160; October 15, 2015, the Company closed a second retail location that it previously operated in Chatsworth, California and the Company has no plans to open additional stores.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company opened its retail locations in order to create brand recognition for its products and also to enable the Company to gather information about user preferences in the rapidly evolving vaping industry.&#160; In 2016 and 2015, the Company&#146;s retail sales accounted for approximately 6.6% and 10% of its revenue, respectively. &#160;</p> <!--egx--><p style='text-autospace:none'><b>NOTE 2 &#150; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES&#160; </b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>This summary of significant accounting policies of the Company is presented to assist in understanding the Company&#146;s consolidated financial statements. The consolidated financial statements and notes are representations of the Company&#146;s management, which is responsible for their integrity and objectivity. These accounting policies conform to GAAP and have been consistently applied in the preparation of the consolidated financial statements.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Basis of Presentation </b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The financial statements, and the accompanying notes, are prepared in accordance with US GAAP and pursuant to the instructions to Form 10-K of the Securities and Exchange Commission.&#160; The Company&#146;s fiscal year end is June 30.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company operates in one segment, in accordance with accounting guidance Financial Accounting Standards Board (&#147;FASB&#148;) ASC Topic 280, Segment Reporting. The Company&#146;s Chief Executive Officer has been identified as the chief operating decision maker as defined by FASB ASC Topic 280. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Going Concern</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company&#146;s consolidated financial statements have been presented on the basis that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company&#146;s cash balance as of June 30, 2016 along with its continued net losses and working capital deficit along with other factors raise substantial doubt about its ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company continues to face liquidity and capital resources constraints despite generating $138,176 in cash from operations in the fiscal year ended June 30, 2016.&#160; The Company does not believe that the proceeds from its debt facilities (see Note 7 and Note 9) along with its operating cash flows will be sufficient to meet its financing needs for the next twelve months. The extent of the Company&#146;s future capital requirements will depend on many factors, including the Company&#146;s results from operations and the growth rate of the Company&#146;s business. The Company&#146;s near term objective is to raise debt or equity capital to fund its immediate cash needs and to finance its longer term growth on terms that are more favorable than the company&#146;s existing credit facilities. The Company is also pursuing various means to increase revenues, reduce operating costs and to improve overall cash flow. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company presently does not have any arrangements for additional financing. However, the Company continues to evaluate various financing strategies to support its current operations and fund its future growth.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Use of Estimates</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates significant estimates and assumptions related to its accounts receivable allowance, accounts payable, deferred income tax asset valuation allowances, fair value of derivative liability, fair value of stock and stock options, useful life of fixed assets, recoverability of long lived assets, inventory reserves, estimates of sales return and accrual for potential liabilities. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company&#146;s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Cash and Cash Equivalents</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. At June 30, 2016, the Company had no cash equivalents.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Concentration of Risk</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash. The Company places its cash with high quality banking institutions.&#160; The Company had $295,799 in excess of FDIC insured limits.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company relied on two and one manufacturer(s) to make all of the Company&#146;s Mods during the years ended June 30, 2016 and 2015, respectively.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Financial Instruments and Fair Value Measurement</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Pursuant to ASC 820,<i> Fair Value Measurements and Disclosures</i>, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument&#146;s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><i>Level 1</i>- applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><i>Level 2</i>- applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><i>Level 3</i>- applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company&#146;s financial instruments consist principally of cash, accounts payable and accrued liabilities, and amounts due to related parties, and derivative liabilities and convertible notes payable. Pursuant to ASC 820, the fair value of the Company&#146;s cash is determined based on &#147;Level 1&#148; inputs, which consist of quoted prices in active markets for identical assets. Pursuant to ASC 820, the fair value of the Company&#146;s derivative liability is determined based on &#147;Level 3&#148; inputs, which consist of unobservable inputs. The Company believes that the recorded values of all of its other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Revenue Recognition</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company recognizes revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>For retail transactions, revenue is recognized at the point of sale. For wholesale and online transactions, revenue is recognized at the time goods are shipped.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><b>Shipping and Handling</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Payments by customers to the Company for shipping and handling costs are included in revenue on the statements of operations, while the Company&#146;s expense is included in cost of goods sold. Shipping and handling for inventory is included as a component of inventory on the balance sheets, and in cost of revenues in the statements of operations when the product is sold.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Deferred Income</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company accrues deferred income when customer payments are received, but product has not yet shipped. As of June 30, 2016 and 2015, the Company had recorded $94,754 and $82,499, respectively for deferred income as a result of prepayments for product made by customers. Those prepayments are recognized into revenue at the point those prepaid products have subsequently shipped. The Company recognized the $82,499 into revenue during the year ended June 30, 2016. The Company expects to recognize the $94,754 into revenue during the following fiscal year. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Inventories</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Inventories consist primarily of vaping devices, electronic cigarettes, e-liquid and related supplies and accessories and are stated at the lower of cost (first-in, first-out) or market value. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Property and Equipment</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Property and equipment consists of computer equipment, furniture, facility equipment, and leasehold improvements which are carried at historical cost and are depreciated over the estimated useful lives of the related assets. Estimated useful lives are from 3 to 10 years. Expenditures for maintenance and repairs are charged against operations. The modified accelerated cost recovery system (straight line) is used for federal income tax purposes and also for financial reporting as the difference between the two does not appear to be material.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><b>Impairment of Long-lived Assets and Goodwill</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company evaluates goodwill for impairment annually in the fourth quarter, and whenever events or changes in circumstances indicate it is more likely than not that the fair value of a reporting unit containing goodwill is less than its carrying amount. &nbsp;The goodwill impairment test consists of a two-step process, if necessary. The first step is to compare the fair value of a reporting unit to its carrying value, including goodwill. The Company typically uses discounted cash flow models to determine the fair value of a reporting unit. The assumptions used in these models are consistent with those the Company believes hypothetical marketplace participants would use. If the fair value of the reporting unit is less than its carrying value, the second step of the impairment test must be performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company periodically evaluates whether the carrying value of property, equipment and intangible assets has been impaired when circumstances indicate the carrying value of those assets may not be recoverable. &nbsp;The carrying amount is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. &nbsp;If the carrying value is not recoverable, the impairment loss is measured as the excess of the asset&#146;s carrying value over its fair value.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company&#146;s impairment analyses require management to apply judgment in estimating future cash flows as well as asset fair values, including forecasting useful lives of the assets, assessing the probability of different outcomes, and selecting the discount rate that reflects the risk inherent in future cash flows. If the carrying value is not recoverable, the Company assess the fair value of long-lived assets using commonly accepted techniques, and may use more than one method, including, but not limited to, recent third party comparable sales and discounted cash flow models. &nbsp;If actual results are not consistent with the Company&#146;s assumptions and estimates, or the Company&#146;s assumptions and estimates change due to new information, the Company may be exposed to an impairment charge in the future.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Advertising Expense</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Advertising costs are expensed as incurred. Advertising expense for the year ended June 30, 2016 and 2015 were $106,734 and $140,771, respectively and are included in general and administrative expenses.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><b>Debt</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company issues debt that may have separate warrants, conversion features, or no equity-linked attributes.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><i>Convertible debt</i>&nbsp;&#150;&nbsp;<i>derivative treatment&nbsp;</i>&#150; When the Company issues debt with a conversion feature, the Company must first assess whether the conversion feature meets the requirements to be treated as a derivative, as follows: &nbsp;a) one or more underlyings, typically the price of our common stock; b) one or more notional amounts or payment provisions or both, generally the number of shares upon conversion; c) no initial net investment, which typically excludes the amount borrowed; and d) net settlement provisions, which in the case of convertible debt generally means the stock received upon conversion can be readily sold for cash. An embedded equity-linked component that meets the definition of a derivative does not have to be separated from the host instrument if the component qualifies for the scope exception for certain contracts involving an issuer&#146;s own equity. &nbsp;The scope exception applies if the contract is both a) indexed to its own stock; and b) classified in stockholders&#146; equity in its statement of financial position.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>If the conversion feature within convertible debt meets the requirements to be treated as a derivative, the Company estimates the fair value of the convertible debt derivative using Black-Scholes upon the date of issuance. &nbsp;If the fair value of the convertible debt derivative is higher than the face value of the convertible debt, the excess is immediately recognized as interest expense. &nbsp;Otherwise, the fair value of the convertible debt derivative is recorded as a liability with an offsetting amount recorded as a debt discount, which offsets the carrying amount of the debt. &nbsp;The convertible debt derivative is revalued at the end of each reporting period and any change in fair value is recorded as a gain or loss in the statement of operations. &nbsp;The debt discount is amortized through interest expense over the life of the debt.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><i>Convertible debt &#150; beneficial conversion feature</i>&nbsp;&#150; If the conversion feature is not treated as a derivative, the Company assess whether it is a beneficial conversion feature (&#147;BCF&#146;). &nbsp;A BCF exists if the conversion price of the convertible debt instrument is less than the stock price on the commitment date. &nbsp;This typically occurs when the conversion price is less than the fair value of the stock on the date the instrument was issued. &nbsp;The value of a BCF is equal to the intrinsic value of the feature, the difference between the conversion price and the common stock into which it is convertible, and is recorded as additional paid in capital and as a debt discount in the balance sheet. &nbsp;The Company amortizes the balance over the life of the underlying debt as amortization of debt discount expense in the consolidated statement of operations. &nbsp;If the debt is retired early, the associated debt discount is then recognized immediately as amortization of debt discount expense in the statement of operations.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>If the conversion feature does not qualify for either the derivative treatment or as a BCF, the convertible debt is treated as traditional debt.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Accounting for Derivatives Liabilities</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company evaluates contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40,<i> Derivative Instruments and Hedging: Contracts in Entity&#146;s Own Equity</i>. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date. See Note 8 for disclosure of derivatives and their valuation related to various convertible debt agreements. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><b>Modification of Debt Instruments</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different. &nbsp;The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument. &nbsp;The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test. &nbsp;If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><b>Deferred Financing Costs, Net</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>Costs with respect to the issuance of common stock, warrants, stock options or debt instruments by the Company are initially deferred and ultimately offset against the proceeds from such equity transactions or amortized to interest expense over the term of any debt funding, if successful, or expensed if the proposed equity or debt transaction is unsuccessful.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>For the year ending June 30, 2016, the Company incurred $199,750 in costs in connection with the negotiation of a financing transaction with TCA Global Credit Master Fund, LP. The unamortized finance costs for the years ended June 30, 2016 and 2015 were $133,167 and $39,654 respectively.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Basic and Diluted Net Income per Share</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company computes net income per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (&#147;EPS&#148;) on the face of the income statement. Basic EPS is computed by dividing net income available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants or debentures. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of June 30, 2016 and 2015, there were no dilutive securities as the Company had incurred net losses.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Income Taxes</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company accounts for income taxes under the provisions of ASC Topic 740-10,<i> Income Taxes</i>, which requires the Company to recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company&#146;s financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined and income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes determined on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. As of June 30, 2016 and 2015, the Company has federal and state net operating loss carry forwards of approximately $746,000 and $463,000, respectively, which will begin to expire in 2030 unless utilized in earlier years. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>When there are uncertainties related to potential income tax benefits, in order to qualify for recognition, the position the Company takes has to have at least a &#147;more likely than not&#148; chance of being sustained (based on the position&#146;s technical merits) upon challenge by the respective authorities. The term &#147;more likely than not&#148; means a likelihood of more than 50 percent. Otherwise, the Company may not recognize any of the potential tax benefit associated with the position. The Company recognizes a benefit for a tax position that meets the &#147;more likely than not&#148; criterion at the largest amount of tax benefit that is greater than 50 percent likely of being realized upon its effective resolution. Unrecognized tax benefits involve management&#146;s judgment regarding the likelihood of the benefit being sustained. The final resolution of uncertain tax positions could result in adjustments to recorded amounts and may affect our results of operations, financial position and cash flows.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company reviews its filing positions for all open tax years in all U.S. federal and state jurisdictions where the Company is required to file. The Company&#146;s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The tax years subject to examination by major tax jurisdictions include the 2011 Fiscal Period and forward by the U.S. Internal Revenue Service, and the 2011 Fiscal Period and forward for various states.</p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Stock Based Compensation</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Issuances of the Company&#146;s common stock for acquiring goods or services are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The measurement date for the fair value of the equity instruments issued to consultants or vendors is determined at the earlier of (i) the date at which a commitment for performance to earn the equity instruments is reached (a &#147;performance commitment&#148; which would include a penalty considered to be of a magnitude that is a sufficiently large disincentive for nonperformance) or (ii) the date at which performance is complete. However, situations may arise in which counter performance may be required over a period of time but the equity award granted to the party performing the service is fully vested and non-forfeitable on the date of the agreement. As a result, in this situation in which vesting periods do not exist as the instrument is fully vested on the date of agreement, the Company determines such date to be the measurement date and will record the estimated fair market value of the instrument granted as a prepaid expense and amortize such amount to general and administrative expense in the accompanying statement of operations over the contract period. When it is appropriate for the Company to recognize the cost of a transaction during financial reporting periods prior to the measurement date, for purposes of recognition of costs during those periods, the equity instrument is measured at the then-current fair values at each of those interim financial reporting dates.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>For purposes of determining the variables used in the calculation of stock compensation expense under the provisions of FASB ASC Topic 505, &#147;Equity&#148; and FASB ASC Topic 718, &#147;Compensation &#151; Stock Compensation,&#148; the Company performs an analysis of current market data and historical Company data to calculate an estimate of implied volatility, the expected term of the option and the expected forfeiture rate. With the exception of the expected forfeiture rate, which is not an input, the Company uses these estimates as variables in the Black-Scholes option pricing model. Depending upon the number of stock options granted, any fluctuations in these calculations could have a material effect on the results presented in the Company&#146;s consolidated statements of operations. In addition, any differences between estimated forfeitures and actual forfeitures could also have a material impact on the Company&#146;s financial statements. For the years ended June 30, 2016 and 2015, the Company had $0 and $10,850, respectively, of stock based compensation relating to employees. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Non-Cash Equity Transactions</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Shares of equity instruments issued for non-cash consideration are recorded at the fair value of the consideration received based on the market value of services to be rendered, or at the value of the stock given, considered in reference to current market price.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Recent Accounting Pronouncements </b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In August 2016 the FASB issued ASU 2016-15,&nbsp;&#147;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments&#148; (&#147;ASU 2016-15&#148;). ASU 2016-15 will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017. The new standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In March 2016, the FASB issued ASU 2016-09, &#147;Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting&#148;. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently in the process of evaluating the impact of the adoption on its financial statements.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In February 2016, the FASB issued ASU No. 2016-02, &#147;Leases (Topic 842)&#148; (&#147;ASU 2016-02&#148;). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In November 2015, the FASB issued ASU 2015-17, which simplifies the presentation of deferred tax assets and liabilities on the balance sheet. &nbsp;Previous GAAP required an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet. &nbsp;The amendment requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet. &nbsp;This ASU is effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. &nbsp;The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In September 2015, the FASB issued ASU 2015-16, which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This ASU is effective for interim and annual reporting period beginning after December 15, 2016, including interim periods within those fiscal years, with the option to early adopt for financial statements that have not been issued. The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In July 2015, the FASB issued ASU 2015-11, which requires an entity to measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments apply to inventory that is measured using first-in, first-out (FIFO) or average cost. This ASU is effective for interim and annual reporting periods beginning after December 15, 2016, with the option to early adopt as of the beginning of an annual or interim period. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In April 2015, the FASB issued ASU 2015-03, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company has reviewed other recent accounting pronouncements issued prior to the date of issuance of its financial statements included in this report, and does not believe any of these pronouncements will have a material impact on its consolidated financial statements. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>NOTE 3 &#150; CAPITAL STOCK</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company is authorized to issue 1,010,000,000 shares of common stock and had 86,860,375 and 72,455,606 shares of common stock issued and outstanding as of June 30, 2016 and 2015, respectively. On February 2, 2015, the Board of Directors of the Company approved an Amended and Restated Articles of Incorporation of the Company (the &#147;Amended and Restated Articles&#148;) and the Amended and Restated Articles were filed by the Company with the Secretary of State of the State of Nevada on February 5, 2015. The Amended and Restated Articles increase the authorized number of shares of common stock, par value $0.001, of the Company from 140,000,000 shares to 1,010,000,000. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company is also authorized to issue 10,000,000 shares of preferred stock and had no shares of preferred stock issued and outstanding as of June 30, 2016. On February 2, 2015, the Company filed a Certificate of Withdrawal of Certificate of Designation (&#147;Certificate of Withdrawal&#148;) with the Secretary of State of the state of Nevada. The certificate withdraws the Certificate of Designation filed by the Company on January 9, 2014, which designated all of the Company&#146;s preferred stock as &#147;Series A Preferred Stock.&#148; Following the filing of the Certificate of Withdrawal, the Company has 10,000,000 shares of undesignated preferred stock, par value $0.001, available for future designation by the Company&#146;s Board of Directors.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>On March 10, 2015 the Company entered into an independent contractor agreement with a service provider. Pursuant to the terms of the agreement, the Company agreed to grant the service provider 300,000 non-forfeitable, fully vested shares of its common stock, valued at $6,000 (based on the estimated fair market value of the shares on March 10, 2015, the date of grant) as partial consideration for the services provided to the Company pursuant to the terms of the agreement. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On June 30, 2015, the Company converted the Gotama Capital S.A. convertible promissory notes with an aggregate balance of $614,340 at a price of $0.15 per share, representing the entire principal amount and all accrued interest of the three convertible promissory notes issued to Gotama Capital S.A., into an aggregate of 4,095,605 shares of the Company&#146;s common stock, par value $0.001 per share.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On December 25, 2015, the Company issued to TCA Global Credit Master Fund, LP 3,810,000 shares of its common stock as partial consideration for advisory services rendered to the Company (see Note 7).</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>During 2016, the Company issued to Typenex Co-Investment, LLC shares of its common stock as partial payment of the Company&#146;s outstanding debt obligations to Typenex as follows (see Note 7):</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <table border="1" cellspacing="0" cellpadding="0" style='border-collapse:collapse;border:none'> <tr align="left"> <td width="160" valign="top" style='width:119.7pt;border:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Date of Issuance</p> </td> <td width="82" valign="top" style='width:.85in;border:solid black 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Number of Shares of Common Stock</p> </td> <td width="144" valign="top" style='width:1.5in;border:solid black 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Conversion Price</p> </td> <td width="246" valign="top" style='width:184.5pt;border:solid black 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Consideration</p> </td> </tr> <tr align="left"> <td width="160" valign="top" style='width:119.7pt;border:solid black 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>February 16, 2016</p> </td> <td width="82" valign="top" style='width:.85in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>918,386</p> </td> <td width="144" valign="top" style='width:1.5in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>$0.016333</p> </td> <td width="246" valign="top" style='width:184.5pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Conversion of $15,000.00 of debt.</p> </td> </tr> <tr align="left"> <td width="160" valign="top" style='width:119.7pt;border:solid black 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>March 15, 2016</p> </td> <td width="82" valign="top" style='width:.85in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>918,386</p> </td> <td width="144" valign="top" style='width:1.5in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>$0.016333</p> </td> <td width="246" valign="top" style='width:184.5pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Conversion of $15,000.00 of debt.</p> </td> </tr> <tr align="left"> <td width="160" valign="top" style='width:119.7pt;border:solid black 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>April 15, 2016</p> </td> <td width="82" valign="top" style='width:.85in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>3,160,556</p> </td> <td width="144" valign="top" style='width:1.5in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>$0.015820</p> </td> <td width="246" valign="top" style='width:184.5pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Conversion of $50,000.00 of debt.</p> </td> </tr> <tr align="left"> <td width="160" valign="top" style='width:119.7pt;border:solid black 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>May 15, 2016</p> </td> <td width="82" valign="top" style='width:.85in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>5,597,441</p> </td> <td width="144" valign="top" style='width:1.5in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>$0.008754</p> </td> <td width="246" valign="top" style='width:184.5pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Conversion of $49,000.00 of debt.</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'><b>Stock-Option Plans</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On February 2, 2015, the Company adopted its 2015 Omnibus Incentive Plan (the &#147;2015 Plan&#148;).&#160; The 2015 Plan provides for the grant of stock options (both incentive stock options and non-qualified stock options), restricted stock, restricted stock units, stock appreciation rights, performance-based awards, dividend equivalents, stock payments and deferred stock units to eligible participants. Eligible participants include officers, employees, non-employee directors and certain consultants and advisers. The aggregate number of shares of the Company&#146;s common stock authorized for issuance under the 2015 Plan is 20,400,000, subject to adjustment as described in the 2015 Plan. The outstanding options (each of which were granted on June 30, 2015) each have an exercise price of $0.0419 per share of Common Stock.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Company estimates the fair value of each option on the grant date using the Black-Scholes model.&#160; The following assumptions were made in estimating the fair value:</p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>2015</b></p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Annual dividend yield</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Expected life (years)</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>5</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Risk-free interest rate</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>1.63%</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Expected volatility</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>121.10%</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Fair value of options granted</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>0.035</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> </table> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The expected volatility was estimated by calculating the standard deviation of daily price changes in the Company&#146;s stock from the Company&#146;s date of inception to the date of the grant and the five-year constant maturity treasury rate on the date of the grant was used for the risk free rate. Stock-based compensation expense is recognized over the employees&#146; or service provider&#146;s requisite service period, generally the vesting period of the award. Stock-based compensation expense included in the accompanying statements of operations for the years ending June 30, 2016 and 2015 was $0 and $10,850, respectively.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>A summary of stock option activity is as follows:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Number of Shares</b></p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Weighted Average Exercise Price</b></p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr style='height:20.65pt'> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Outstanding at July 1, 2014</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Granted</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>310,000</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>0.0419</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Exercised</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Forfeited</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Outstanding at June 30, 2015</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>310,000</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>0.0419</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Granted</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Exercised</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Forfeited</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Outstanding at June 30, 2016</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>310,000</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>0.0419</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> </table> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>All the 310,000 options outstanding at June 30, 2016 and 2015 were fully vested on the grant date, have an exercise price of $0.0419, a weighted average remaining life of 9 years, and an aggregate intrinsic value at $0.00 price per share at June 30, 2016. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'><b>Warrant Issuance</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>During the period from inception (July 12, 2013) to June 30, 2014, the Company received a fee of $30,000 in exchange for the right of an unaffiliated third party to share in 10% of the net profits derived from operations of the Chatsworth Vapor Hub lounge. The profit sharing arrangement was terminated on February 23, 2016 in exchange for the payment by the Company of $15,000 and the issuance by the Company of a warrant exercisable on or before February 23, 2020 to purchase 100,000 shares of the Company&#146;s common stock at an exercise price per share of $0.15.&#160; The Company valued the warrant using the Black Scholes Option Pricing Model resulting in a de-minimis fair market value.&#160; The inputs used for the Black Scholes calculation were: stock price of $0.03, exercise price of $0.15, volatility of 218% and risk free interest rate of 0.23%.&#160; Prior to the termination of the profit sharing arrangement, no amounts had been earned and no obligations were due under the arrangement.&#160;&#160; There are no other warrants outstanding as of June 30, 2016.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>NOTE 4 &#150; INVENTORIES</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>As of June 30, 2016 and 2015, the Company had a balance of $585,489 and $323,784, respectively, as inventories which consist of vaping devices, electronic cigarettes, e-liquid, related supplies, and accessories. There was no reserve for inventory obsolescence as of either June 30, 2016 or 2015. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>NOTE 5 &#150; LEASE COMMITMENTS</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company entered into a lease agreement with S. J. Real Estate Group, LLC to lease a retail space in Chatsworth, California, effective September 13, 2013. The lease term was for two years with a monthly lease payment of $2,214. Effective October 15, 2015, the Company and the landlord agreed to terminate the lease and the Company closed its retail store located at the location. The Company has no further obligation due under the lease agreement. </p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>On February 28, 2015, the Company entered into a lease agreement with landlord Samantha Carrington to provide retail space for its Simi Valley retail location and on April 1, 2015, the Simi Valley retail location opened at the new premises. The lease term extends through March 31, 2017 with a monthly lease payment of $3,190. The Company has a remaining commitment under this lease as of June 30, 2016 of $28,710 and a security deposit of $6,380 was paid to the landlord in relation to this lease.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company entered into a lease agreement with S.B.P.W., LLC to lease warehouse and office space in Simi Valley, California effective August 5, 2013 which agreement was subsequently amended on February 20, 2014. The lease term extended through April 30, 2015 with a monthly lease payment of $2,035 which increased to $4,070 effective July 1, 2014. On September 1, 2015, the Company terminated this lease and surrendered its facility at 67 W Easy St., Unit 115, Simi Valley, CA 93065.&#160; The Company has no further obligation due under the lease agreement.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>On September 1, 2015, the Company entered into a Commercial Lease Agreement with the Winther Family Trust, pursuant to which the Company leases property located at 1871 Tapo Street, Simi Valley, CA 93065 (the &#147;Premises&#148;), for a term of 60 months commencing on September 1, 2015. The Company will pay a base rent of $5,650 per month for the duration of the term and also made a security deposit in the same amount. The Premises is replacing the Company&#146;s prior facility located at 67 W. Easy St., Unit 115, Simi Valley, CA 93065 and will serve as the Company&#146;s primary office location. In addition to providing office space, the approximately 5,000 square foot facility will also be used for warehousing and shipping.&#160; The lessor of the Premises, the Winther Family Trust, is controlled by Niels Winther and Lori Winther. Both Niels Winther and Lori Winther are Directors of the Company, and Lori Winther also serves as the Company&#146;s Chief Financial Officer and Secretary.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>On September 15, 2015, the Company entered into a lease agreement with Santa Susana Business Center, LLC to lease warehouse and office space at 4685 Runway Street, Unit D, Simi Valley, CA 93063. The lease term extends through September 30, 2017 with a monthly lease payment of $1,716 and increasing to $1,802 on October 1, 2016. The Company has a remaining commitment under this lease of $26,772 as of June 30, 2016 and a security deposit of $1,716 was paid to the landlord in relation to this lease.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Rent expense for the years ended June 30, 2016 and 2015 was $133,664 and $92,185, respectively.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>NOTE 6 &#150; RELATED PARTIES</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>As of June 30, 2016 and June 30, 2015, the Company had a balance of $103,409 and $96,312, respectively, outstanding as related party loans from Kyle Winther, the Company&#146;s CEO, Lori Winther, the Company&#146;s CFO and Winther &amp; Company, CPAs (an entity owned by Lori Winther, and her husband, Niels Winther, CPA, who is a director of the Company), as well as Chase Bank Line of Credit (which was extended to the Company, though owed personally by Niels and Lori Winther). The outstanding balances are unsecured, non-interest bearing and repayable upon demand.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>From time to time the Company will engage the services of Winther &amp; Co. an accounting firm owned by the husband of the Company&#146;s CFO. Winther &amp; Co. provides bookkeeping, accounting and tax services to the Company. For the years ended June 30, 2016 and 2015, the Company incurred approximately $56,180 and $82,000, respectively, in fees with Winther &amp; Co. As of June 30, 2016 and June 30, 2015 the Company had Accounts Payable outstanding to related parties for accounting fees of $0 and $12,369, respectively.&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>Reference is also made to the Commercial Lease Agreement with the Winther Family Trust described in Note 5.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>NOTE 7 &#150; CONVERTIBLE NOTES PAYABLE </b></p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="630" style='border-collapse:collapse'> <tr style='height:38.25pt'> <td width="176" valign="bottom" style='width:132.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Note Holder</b></p> </td> <td width="70" valign="bottom" style='width:52.85pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance June 30, 2015</b></p> </td> <td width="18" valign="bottom" style='width:13.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>&nbsp;</b></p> </td> <td width="96" valign="bottom" style='width:71.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Unamortized Original</b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Derivative Discount</b></p> </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Unamortized Original Issue Discount</b></p> </td> <td width="81" valign="bottom" style='width:60.4pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance of </b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Debt Discount</b></p> </td> <td width="16" valign="bottom" style='width:11.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>&nbsp;</b></p> </td> <td width="84" valign="bottom" style='width:62.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance, net of Discount 6/30/2015</b></p> </td> </tr> <tr style='height:12.75pt'> <td width="176" valign="bottom" style='width:132.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Typenex Co-Investment, LLC</p> </td> <td width="70" valign="bottom" style='width:52.85pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;$163,131 </p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="96" valign="bottom" style='width:71.75pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160; (27,718)</p> </td> <td width="90" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$ (14,594)</p> </td> <td width="81" valign="bottom" style='width:60.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$ (42,313)</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="84" valign="bottom" style='width:62.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;$&#160; 120,818 </p> </td> </tr> <tr style='height:12.75pt'> <td width="176" valign="bottom" style='width:132.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Typenex Co-Investment, LLC</p> </td> <td width="70" valign="bottom" style='width:52.85pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160; &#160;&#160;&#160;&#160;&#160;&#160;89,057 </p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="96" valign="bottom" style='width:71.75pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160; (15,132)</p> </td> <td width="90" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160; &#160;(2,652)</p> </td> <td width="81" valign="bottom" style='width:60.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160; (17,784)</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="84" valign="bottom" style='width:62.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 71,273 </p> </td> </tr> <tr style='height:12.75pt'> <td width="176" valign="bottom" style='width:132.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Total Convertible Notes Payable</p> </td> <td width="70" valign="bottom" style='width:52.85pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;$252,188 </p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="96" valign="bottom" style='width:71.75pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160; (42,850)</p> </td> <td width="90" valign="bottom" style='width:67.5pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$ (17,246)</p> </td> <td width="81" valign="bottom" style='width:60.4pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$ (60,097)</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="84" valign="bottom" style='width:62.8pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;$&#160; 192,091 </p> </td> </tr> </table> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="526" style='margin-left:-1.35pt;border-collapse:collapse'> <tr style='height:25.5pt'> <td width="153" rowspan="2" valign="bottom" style='width:114.75pt;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:10.05pt'><b>Note Holder</b></p> </td> <td width="103" rowspan="2" valign="bottom" style='width:77.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;margin-left:-.95pt;text-align:center;text-indent:.95pt'><b>Balance </b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>June 30, 2016</b></p> </td> <td width="18" rowspan="2" valign="bottom" style='width:13.45pt;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="116" rowspan="2" valign="bottom" style='width:87.35pt;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Unamortized Original</b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Derivative Discount</b></p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="16" rowspan="2" valign="bottom" style='width:11.95pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="104" rowspan="2" valign="bottom" style='width:78.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance</b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>net of Derivative Discount 6/30/16</b></p> </td> </tr> <tr style='height:26.25pt'> <td width="16" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:26.25pt'></td> </tr> <tr style='height:15.0pt'> <td width="153" style='width:114.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:1.2pt'>Iliad Co Loan Payable</p> </td> <td width="103" style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:10.0pt'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 272,250</p> </td> <td width="18" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:20.0pt'>&nbsp;</p> </td> <td width="116" style='width:87.35pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="16" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:10.0pt'>&nbsp;</p> </td> <td width="16" style='width:11.95pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:20.0pt'>&nbsp;</p> </td> <td width="104" style='width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:10.0pt'>$&#160;&#160; 272,250</p> </td> </tr> <tr style='height:15.0pt'> <td width="153" style='width:114.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:1.2pt'>TCA Global Loan Payable </p> </td> <td width="103" style='width:77.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:1.6pt'>659,409</p> </td> <td width="18" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td width="116" style='width:87.35pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;(483,120)</p> </td> <td width="16" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td width="16" style='width:11.95pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td width="104" style='width:78.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:1.6pt'>&#160; 176,289 </p> </td> </tr> <tr style='height:25.5pt'> <td width="153" style='width:114.75pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:1.2pt'>Total Convertible Notes Payable </p> </td> <td width="103" style='width:77.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:10.0pt'>$&#160;&#160;&#160;&#160;&#160;&#160; 931,659</p> </td> <td width="18" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="116" style='width:87.35pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160; $&#160;&#160;&#160; (483,120)</p> </td> <td width="16" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="16" style='width:11.95pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="104" style='width:78.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:10.0pt'>&#160;&#160;&#160;&#160; $ &#160;448,539</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b><i>Description of Outstanding Convertible Note Obligations</i></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><i>Iliad Co-Investment Note</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On August 12, 2015, the Company entered into a Note Purchase Agreement (the &#147;Purchase Agreement&#148;) with Iliad Research &amp; Trading, L.P, a Utah limited liability partnership (&#147;Iliad&#148;), pursuant to which the Company concurrently issued to the investor an unsecured non-convertible Promissory Note in a principal amount of $245,000 (the &#147;Original August Note&#148;). The principal amount includes an original issue discount of $40,000 plus an additional $5,000 to cover the investor&#146;s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the transaction.&nbsp;In consideration for the Original August Note, the investor paid an aggregate cash purchase price of $200,000, computed as follows: $245,000 original principal balance, less the original issue discount of $40,000, and less the transaction costs. &nbsp;The Original August Note was originally scheduled to mature on February 12, 2016 and the Company could prepay all or a portion of the amount owed earlier than it is due without penalty. The original issue discount of $40,000 was recorded as debt discount and fully amortized to interest expense during the fiscal year ended June 30, 2016.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Interest did not accrue on the unpaid principal balance of the Original August Note unless an event of default occurred. &nbsp;Upon the occurrence of an event of default, the outstanding balance of the Original August Note will bear interest at the lesser of the rate of 18% per annum or the maximum rate permitted by applicable law. &nbsp;In addition, if an event of default occurs under the Original August Note, the investor may declare all unpaid principal, plus all accrued interest and other amounts due under the Original August Note to be immediately due and payable at an amount equal to 115% of the outstanding balance of the Original August Note as of the date of the applicable event of default, plus all interest, fees and charges that may accrue on such outstanding balance thereafter. &nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On February 19, 2016, the Company entered into an Amendment to Promissory Note with Iliad which extended the maturity date of the Original August Note to April 12, 2016 and increased the principal amount of the note by $2,500 as consideration for the extension. The Company evaluated the Amendment to Promissory Note under ASC 470-50-40 &#147;Extinguishments of Debt&#148; (&#147;ASC 470&#148;), noting it did not meet the criteria for substantial modification under ASC 470, and accordingly treated the amendment as a modification to the Original August Note, adding $2,500 to the balance and extending the due date under the modified terms.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On May 12, 2016 but effective as of April 15, 2016, the Company entered into an Exchange Agreement with Iliad (the &#147;Exchange Agreement&#148;). Pursuant to the Exchange Agreement, the Company and Iliad exchanged the Original August Note for a new promissory note in the original principal amount of $272,250 (the &#147;Exchange Note&#148;), which balance includes an exchange fee of $24,750. &nbsp;The Company evaluated the Exchange Agreement under ASC 470-50-40 &#147;Extinguishments of Debt&#148; (&#147;ASC 470&#148;), noting it met the criteria for substantial modification under ASC 470, and accordingly treated the Exchange Agreement as an extinguishment of debt and recorded a loss of extinguishment of debt of $54,225.&#160; The related derivative liability was also extinguished (see Note 8 for further discussion).&#160; The Exchange Note was issued in substitution of and not in satisfaction of the Original August Note.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Exchange Note provided that the Company was to make the following payments to Iliad: (a) a payment in shares of the Company&#146;s common stock within three trading days of June 15, 2016 based on a note conversion amount of $50,000 and a conversion price that was equal to 70% of the average of the three lowest closing bid prices of the Company&#146;s common stock in the twenty trading days immediately preceding such conversion (this payment of shares was not made by the Company as a result of a subsequent note amendment, see Note 14); and (b) a payment equal to the remaining aggregate outstanding balance of the Exchange Note on or before July 15, 2016, which payment must be made in cash. &nbsp;The Company identified an embedded derivative liability in the Exchange Note with an original estimated fair market value of $29,475 and recorded this as a derivative liability. See Note 8 for a discussion relating to the original derivative liability and re-measurement of such derivate liability and Note 14 for a discussion of a further modification to this facility.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>As of June 30, 2016, the outstanding balance on the Exchange Note was $272,250.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><i>TCA Global Credit Master Fund</i>, <i>LP Note December 2015</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On December 24, 2015, the Company entered into a Senior Secured Credit Facility Agreement (the &#147;Loan Agreement&#148;) with TCA Global Credit Master Fund, LP (&#147;TCA&#148;). &nbsp;At the initial closing on December 24, 2015, the Company issued to TCA a Convertible Promissory Note in the principal amount of $750,000 (the &#147;TCA Note&#148;). &nbsp;The TCA Note is scheduled to mature on June 24, 2017 (the &#147;Maturity Date&#148;). &nbsp;At any time prior to the Maturity Date or the earlier termination of the Loan Agreement, the Company can request up to $9,250,000 of additional loans, which additional loans may be made in the sole discretion of TCA. &nbsp;The Company may prepay borrowings at any time, in whole or in part, without penalty.&#160; Upon origination, the Company recorded a debt discount of $750,000 and amortized $266,880 during the year ended June 30, 2016, leaving an unamortized balance of $483,120.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The loan will accrue interest on the unpaid principal balance at an annual rate of 18%. &nbsp;The Company made interest only payments of $11,250 on each of January 24, February 24 and March 24, 2016, and thereafter, will make payments of approximately $56,208 of principal and interest per month until the Maturity Date. &nbsp;In the event the Company is in default under the loan agreement with TCA or any related transaction document, including as a result of a default in the Company&#146;s payment obligations, any amount due to TCA under the facility will, at TCA&#146;s option, bear interest from the date due until such past due amount is paid in full at an annual rate of 22%. &nbsp;In addition, upon the occurrence and during the continuance of an event of default under the transaction documents, TCA may terminate its commitments to the Company and declare all of the Company&#146;s obligations to TCA to be immediately due and payable.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>While the Note is outstanding, but only upon the occurrence of (i) an event of default under the loan agreement with TCA or any related transaction document or (ii) the Company&#146;s mutual agreement with TCA, TCA may convert, subject to certain beneficial ownership limitations, all or any portion of the outstanding principal, accrued and unpaid interest and any other sums due and payable under the Note or any other transaction document (such total amount, the &#147;Conversion Amount&#148;) into a number of shares of the Company&#146;s common stock equal to: (i) the Conversion Amount divided by (ii) eighty-five percent (85%) of the lowest of the daily volume weighted average price of the Company&#146;s common stock during the five business days immediately prior to the conversion date (the &#147;Conversion Shares&#148;). &nbsp;Upon liquidation by TCA of Conversion Shares, if TCA realizes a net amount from such liquidation equal to less than the Conversion Amount, the Company is obligated to issue to TCA additional shares of the Company&#146;s common stock equal to: (a) the Conversion Amount minus the net realized amount, divided by (b) the average volume weighted average price of the Company&#146;s common stock during the five business days immediately prior to the date upon which TCA requests additional shares.&#160; The Company accounted for the conversion feature as a derivate liability (see Note 8 for further discussion).</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The payment and performance of all the Company&#146;s indebtedness and other obligations to TCA, including all borrowings under the loan agreement and related agreements, are secured by liens on substantially all of the Company&#146;s assets pursuant to a Security Agreement. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Of the proceeds received at the initial closing, approximately $106,000 was used to pay in full all indebtedness outstanding under the Company&#146;s Business Loan and Security Agreement with B of I Federal Bank (the &#147;Bank&#148;), entered into on November 3, 2015. &nbsp;Upon repayment of the Company&#146;s indebtedness under the Business Loan and Security Agreement, the Bank released its liens on the Company&#146;s assets. &nbsp;After the payment of approximately $51,000 of fees and cash expenses to TCA in connection with the loan transaction, the Company received net proceeds of approximately $593,000. As of June 30, 2016 the outstanding balance of the TCA Note was $659,409.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>In connection with the Loan Agreement, the Company agreed to pay to TCA a fee for advisory services provided to the Company prior to the entry into the Loan Agreement in the amount of $126,000 (the &#147;Advisory Fee&#148;). &nbsp;As partial payment of the Advisory Fee, the Company issued to TCA 3,810,000 shares of the Company&#146;s common stock on December 24, 2015 (the &#147;Advisory Fee Shares&#148;), representing 4.99% of the Company&#146;s issued and outstanding shares of common stock on such date. &nbsp;In the event that TCA receives net proceeds from the sale of such shares that are less than the Advisory Fee, TCA may require the Company to issue additional shares of common stock in an amount sufficient such that, when sold and the net proceeds from such sale are added to the net proceeds from the sale of any of the previously issued and sold Advisory Fee Shares, TCA shall have received total net funds equal to the Advisory Fee. &nbsp;Notwithstanding the foregoing, subject to certain conditions, the Company has the right to redeem the Advisory Fee Shares then in TCA&#146;s possession for an amount payable in cash equal to the Advisory Fee, less any net cash proceeds received by TCA from previous sales of Advisory Fee Shares. &nbsp;In the event TCA has not realized net proceeds from the sale of Advisory Fee Shares equal to at least the Advisory Fee by the earlier to occur of: (i) December 24, 2016; (ii) the occurrence of an event of default under the transaction documents; or (iii) the Maturity Date, then at any time thereafter, TCA has the right to require the Company to redeem all of the Advisory Fee Shares then in TCA&#146;s possession for cash equal to the Advisory Fee, less any cash proceeds received by TCA from any previous sales of Advisory Fee Shares.&#160; The Advisory Fee was recorded as a deferred finance fee of $126,000 and the Company amortized $42,000 during the year ended June 30, 2016, leaving an unamortized balance of $84,000.&#160; The Company determined that the Conversion feature of the TCA Note and the Advisory Fee meets the definition of an embedded derivative that should be separated and accounted for as a derivative liability. See Note 8 for a discussion relating to derivative liability.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'><i>&#160;</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b><i>Description of Terminated Convertible Note Obligations</i></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:.5in'><i>Notes Issued to Gotama Capital S.A.</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>On March 14, 2014, the Company closed the first of three tranches of a financing transaction pursuant to the terms of the Exchange Agreement. At the closing, the Company issued a convertible promissory note in the principal amount of $185,000 to Gotama Capital S.A. in exchange for cash proceeds of $185,000. The note bore interest at a rate of 8% per annum, with interest being payable on May 15<sup>th</sup> of each year that the note remained outstanding. The principal amount of the note was convertible at any time, in whole or in part, at the Company&#146;s election or the election of the holder into shares of the Company&#146;s common stock at a price equal to the greater of $0.15 or 90% of the average closing prices of the Company&#146;s common stock for the ten trading days immediately preceding the applicable conversion date. Unless earlier converted or repaid, the principal amount of the note was due and payable on March 14, 2017. On April 10, 2014, the Company closed the second tranche of the financing contemplated pursuant to the terms of the Exchange Agreement. At the closing, the Company issued a convertible promissory note in the principal amount of $200,000 to the same investor in exchange for cash proceeds of $200,000. The note had the same terms as the note described above, except that unless earlier converted or repaid, the principal amount of the note was due and payable on April 10, 2017. On May 19, 2014, the Company closed the third tranche of the financing contemplated pursuant to the terms of the Exchange Agreement. At the closing, the Company issued a convertible promissory note in the principal amount of $175,000 to the same investor in exchange for cash proceeds of $149,881 and $25,000 of expenses paid on behalf of the Company, which the Company immediately recorded as its own expense. The note had the same terms as the notes described above, except that unless earlier converted or repaid, the principal amount of the note was due and payable on May 19, 2017. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On June 30, 2015, the Company converted $614,340 at a price of $0.15 per share, representing the entire principal amount of $560,000 and all accrued interest in the amount of $54,340 on the three convertible promissory notes issued to Gotama Capital S.A., into an aggregate of 4,095,605 shares of the Company&#146;s common stock, par value $0.001 per share.&#160; As a result of the conversion, the three notes issued to Gotama Capital are no longer outstanding.</p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in;text-autospace:none'><i>Note Issued to Typenex Co-Investment, LLC in November, 2014</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>On November 4, 2014, the Company entered into a securities purchase agreement (the &#147;Purchase Agreement&#148;) with Typenex Co-Investment, LLC, a Utah limited liability company (the &#147;Investor&#148;), pursuant to which the Company concurrently issued to Investor a Secured Convertible Promissory Note in a principal amount of $1,687,500 (the &#147;November Note&#148;). &#160;The outstanding balance of this note as of June 30, 2016 and 2015 was $0 and $252,188, respectively.&#160; As of June 30, 2015, the unamortized debt discount balance was $60,096, the Company amortized $7,337 during the year ended June 30, 2016, leaving an unamortized debt discount of $52,759 which was recorded to loss on extinguishment of debt upon extinguishment of the November Note.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>As further described below, on December 18, 2015 the company entered into a Note Settlement Agreement relating to the November Note.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;margin-bottom:10.0pt;text-indent:.5in'><i>Typenex Co-Investment June 2015 Note (See Note 9)</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On June 4, 2015, the Company entered into a Note Purchase Agreement (the &#147;Purchase Agreement&#148;) with Typenex Co-Investment, LLC, a Utah limited liability company, pursuant to which the Company concurrently issued to the investor an unsecured non-convertible Promissory Note in a principal amount of $245,000 (the &#147;June Note&#148;). &nbsp; In consideration for the June Note, the investor paid an aggregate cash purchase price of $200,000, computed as follows: $245,000 original principal balance, less the original issue discount of $40,000, and less the transaction costs. &nbsp;The June Note matured on December 4, 2015 and, as further described below, on December 18, 2015 the company entered into a Note Settlement Agreement relating to the June Note.&#160; As of June 30, 2015 the outstanding balance on the June Note was $245,000 and as of June 30, 2016, the outstanding balance on the June Note was $0.&#160; As of June 30, 2015, the unamortized debt discount balance was $34,098 and the Company amortized $34,098 during the year ended June 30, 2016, leaving an unamortized debt discount of $0. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <i>Note Settlement Agreement relating to the November Notes and the June Note</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On December 18, 2015, the Company and Typenex Co-Investment, LLC (the &#147;Investor&#148;) entered into a Note Settlement Agreement. The Note Settlement Agreement relates to the November Note and the June Note (collectively, the &#147;Modified Notes&#148;). &nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Note Settlement Agreement restructured the payment provision of the notes, including the June Note which was due and payable in full on December 4, 2015. &#160;The Company was to have made $50,000 monthly payments beginning December 15, 2015 and the remaining outstanding balance was to have been paid on or before March 15, 2016.&#160; This payment schedule was amended on February 19, 2016 (see below for a description of the Amendment to Note Settlement Agreement).</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>As consideration for Investor&#146;s agreement to enter into the Note Settlement Agreement, the Company agreed to increase the outstanding balance of each note by 15% (the &#147;Restructure Effect&#148;). Following the application of the Restructure Effect and including a $5,000 transaction expense fee, the outstanding balance of the November Note was $107,443 and the outstanding balance of the June Note was $281,750. &#160;The Company identified a derivative liability associated with the Note Settlement Agreement (See Note 8 below).</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Company evaluated the Note Settlement Agreement under ASC 470-50-40 &#147;Extinguishments of Debt&#148; (&#147;ASC 470&#148;). ASC 470 requires modifications to debt instruments to be evaluated to assess whether the modifications are considered &#147;substantial modifications&#148;. A substantial modification of terms shall be accounted for like an extinguishment. For extinguished debt, a difference between the re-acquisition price and the net carrying amount of the extinguished debt shall be recognized currently in income of the period of extinguishment as losses or gains. The Company noted the change in terms per the Note Settlement Agreement, met the criteria for substantial modification under ASC 470, and accordingly treated the modification as extinguishment of the original November Note and June Note, replaced by the new convertible note under the modified terms. The Company recorded a loss on extinguishment of debt of $427,848 (which includes the unamortized debt discount of $52,759 noted above) during the year ended June 30, 2016, including true-up shares of 3,432,068 accrued in the amount of approximately $36,000 in the accompanying balance sheet (See Note 14).</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in'><i>Amendment to Note Settlement Agreement</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On February 19, 2016, the Company entered into an Amendment to Note Settlement Agreement (the &#147;Settlement Agreement Amendment&#148;) with Investor. &nbsp;The Settlement Agreement Amendment relates to the Note Settlement Agreement (the &#147;Original Agreement&#148;) entered into between the parties on December 18, 2015. &nbsp;&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Original Agreement, as amended by the Settlement Agreement Amendment, restructures the payment provision of the Modified Notes. &nbsp;The Settlement Agreement Amendment restructures the payment provisions contained in the Original Agreement and provides that the Company is to make the following payments to Investor, in lieu of the previously agreed to $50,000 cash payments, notwithstanding the terms of the Modified Notes (the &#147;Restructure&#148;): (a) a cash payment in the amount of $35,000 payable upon execution of the Settlement Agreement Amendment together with 918,386 shares of the Company&#146;s common stock (subject to adjustment as described in the Settlement Agreement Amendment) based on a note conversion amount of $15,000 and a conversion price of $0.016333, which shares are to be issued and delivered pursuant to the terms of the Settlement Agreement Amendment and (b) a cash payment on or before March 15, 2016 in the amount of $35,000 together with shares of the Company&#146;s common stock based on a note conversion amount of $15,000 and a conversion price of $0.016333, which 918,386 shares were issued and delivered pursuant to the terms of the Settlement Agreement Amendment; and (c) a payment equal to the remaining aggregate outstanding balance of the Modified Notes on or before April 15, 2016, which payment must be made in cash (collectively, the &#147;Note Payments&#148;). This Settlement Agreement Amendment was further modified on May 12, 2016 as described below.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>As consideration for Investor&#146;s agreement to enter into the Settlement Agreement Amendment, the Company agreed to pay Investor a restructuring fee of $2,500.00.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Company evaluated the Settlement Agreement Amendment under ASC 470-50-40 &#147;Extinguishments of Debt&#148; (&#147;ASC 470&#148;). The Company noted the change in terms per the Settlement Agreement Amendment did not meet the criteria for substantial modification under ASC 470, and accordingly treated the amendment as a modification to the Note Settlement Agreement, adding $2,500 to the balance and extending the due date under the modified terms. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;margin-bottom:10.0pt;text-align:justify'>On May 12, 2016 but effective as of April 15, 2016, the Company entered into Amendment #2 to Note Settlement Agreement (the &#147;Second Amendment&#148;) with Typenex Co-Investment, LLC (the &#147;Investor&#148;). &nbsp;The Second Amendment relates to the Note Settlement Agreement entered into between the parties on December 18, 2015, as previously amended on February 19, 2016 (as previously amended, the &#147;Original Agreement&#148;).&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Original Agreement, as amended by the Second Amendment, restructures the payment provision of the Modified Notes. &nbsp;The Second Amendment restructures the payment provisions contained in the Original Agreement and provides that the Company is to make the following payments to Investor notwithstanding the terms of the Modified Notes (the &#147;Restructure&#148;): (a) a cash payment in the amount of $35,000 payable on or before April 15, 2016 together with 3,160,556 shares of the Company&#146;s common stock (subject to adjustment as described in the Settlement Agreement Amendment) based on a note conversion amount of $50,000 and a conversion price of $0.015820, which shares are to be issued and delivered pursuant to the terms of the Settlement Agreement Amendment and (b) a cash payment on or before May 15, 2016 in the amount of $35,000 together with shares of the Company&#146;s common stock based on a note conversion amount of $50,000 and a conversion price to be determined in accordance with the Notes, which shares are to be issued and delivered pursuant to the terms of the Settlement Agreement Amendment (see Note 3 for share issuance description); and (c) a payment equal to the remaining aggregate outstanding balance of the Notes on or before June 15, 2016, which payment must be made in cash (collectively, the &#147;Note Payments&#148;). The Second Amendment also provides that outstanding balance on each of the November Note and the June Note will bear interest at the rate of 10% per annum from the effective date of the amendment until such notes are repaid in full; previously, the June Note did not accrue interest on the unpaid principal balance of the note unless an event of default occurred.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>As consideration for Investor&#146;s agreement to enter into the Second Amendment, the Company agreed to pay Investor a restructuring fee of $15,316.&#160; The Company evaluated the Second Amendment under ASC 470-50-40 &#147;Extinguishments of Debt&#148; (&#147;ASC 470&#148;), noting it did not meet the criteria for substantial modification under ASC 470, and accordingly treated the amendment as a modification to the Original Agreement.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>During the year ended June 30, 2016, the Company made principal payments of $277,009 and converted $130,000 of the Note Settlement into 10,594,769 shares.&#160; As of June 30, 2016, the outstanding balance under the November Note and June Note is $0.&#160; Upon the final payoff of the November Note and June Note, the Company recorded a gain on extinguishment of debt of $6,498 related to the re-measurement of the derivative liability. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'><b>NOTE 8 &#150; DERIVATIVE LIABILITIES</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>[</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="823" style='width:617.3pt;margin-left:4.65pt;border-collapse:collapse'> <tr style='height:25.5pt'> <td width="196" valign="bottom" style='width:147.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Note name</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="117" valign="bottom" style='width:87.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>June 30, 2015</p> </td> <td width="132" valign="bottom" style='width:98.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>Estimated Fair Value Upon Issuance</p> </td> <td width="144" valign="bottom" style='width:107.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>Change in Estimated Fair Value</p> </td> <td width="104" valign="bottom" style='width:77.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>Extinguishment of Debt</p> </td> <td width="113" valign="bottom" style='width:84.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>June 30, 2016</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>EMBEDDED CONVERSION FEATURE:</b></p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Chicago ventures</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 68,584</p> </td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,597&nbsp;</p> </td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (70,181)*</p> </td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Typenex</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 330,946</p> </td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (324,448)</p> </td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (6,498)</p> </td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Iliad</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 29,475</p> </td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 82,465&nbsp;</p> </td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 111,940</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>TCA</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 706,911</p> </td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (105,534)</p> </td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 601,376</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>TCA Advisory fee</p> </td> <td width="18" valign="bottom" style='width:13.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="117" valign="bottom" style='width:87.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 23,130</p> </td> <td width="144" valign="bottom" style='width:107.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 91,440&nbsp;</p> </td> <td width="104" valign="bottom" style='width:77.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="113" valign="bottom" style='width:84.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 114,570</p> </td> </tr> <tr style='height:13.5pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Total</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'></td> <td width="117" valign="bottom" style='width:87.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 68,584</p> </td> <td width="132" valign="bottom" style='width:98.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,090,462</p> </td> <td width="144" valign="bottom" style='width:107.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (254,481)</p> </td> <td width="104" valign="bottom" style='width:77.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (76,679)</p> </td> <td width="113" valign="bottom" style='width:84.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 827,887</p> </td> </tr> </table> </div> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;margin-left:1.0in;text-align:justify;text-autospace:none'>*this was accounted for as part of the $427,848 loss described in Note 7.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company evaluated each of the Typenex November Note and June Note (see Note 7), Iliad Co-Investment Note (see Note 7), the TCA Note (see Note 7) and the terms of the Advisory Fee payable to TCA (see Note 7) under the requirements of ASC 480 &#147;Distinguishing Liabilities from Equity&#148; and concluded that none of the foregoing fall within the scope of ASC 480.&#160; The Company then evaluated each of the Iliad Co-Investment Note, the TCA Note and the terms of the Advisory Fee payable to TCA under the requirements of ASC 815 &#147;Derivatives and Hedging&#148; and concluded that each the foregoing contain features that result in an embedded derivative.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company has recorded the fair value of each derivative as a current liability in the balance sheet as of June 30, 2016. &#160;The change in fair value was recorded as other expense in the statement of operations for the year ended June 30, 2016.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>In arriving at fair-value estimates, the Company utilizes the most observable inputs available for the valuation technique employed. If a fair-value measurement reflects inputs at multiple levels within the fair value hierarchy, the fair-value measurement is characterized based upon the lowest level input. For the Company, recurring fair-value measurements are performed for the derivative liability.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The derivative liability is recognized in the balance sheet at fair value. Changes in the fair value of the derivative liability are reported in the statement of operations. The Company does not have any liabilities that reduce risk associated with hedging exposure and has not designated the derivative liability as a hedge instrument.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company did not have any derivatives valued using Level 1 and Level 2 inputs as of June 30, 2016. The Company categorized the derivative liability as Level 3 with a fair value of $827,887 as of June 30, 2016 using the Black-Scholes pricing model. The Company used the following input ranges: stock price $0.006-$0.01; expected term 0.58-0.96 years; risk-free rate 0.36%-0.45%; and volatility 150%-156%. Unobservable inputs were the prevailing interest rates, the Company&#146;s stock volatility and the expected term. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>There have been no transfers between Level 1, Level 2, or Level 3 categories. Level 3 as of June 30, 2015 was $68,584; Level 3 additions for the twelve months ended June 30, 2016 were $1,090,464 for the initial recognition with a $(254,481) valuation adjustment and a $(76,679) adjustment related to extinguishment of debt at June 30, 2016; Level 3 at June 30, 2016 was $827,887.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>NOTE 9 &#150; NOTES PAYABLE</b></p> <table border="0" cellspacing="0" cellpadding="0" width="601" style='width:450.85pt;border-collapse:collapse'> <tr style='height:37.95pt'> <td width="251" valign="bottom" style='width:188.35pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:37.95pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Note Holder</b></p> </td> <td width="99" valign="bottom" style='width:74.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:37.95pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance 6/30/2015</b></p> </td> <td width="23" valign="bottom" style='width:17.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:37.95pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>&nbsp;</b></p> </td> <td width="99" valign="bottom" style='width:74.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:37.95pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Unamortized Original Issue Discount</b></p> </td> <td width="23" valign="bottom" style='width:17.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:37.95pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>&nbsp;</b></p> </td> <td width="107" valign="bottom" style='width:79.9pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:37.95pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance, net of Discount 6/30/2015</b></p> </td> </tr> <tr style='height:12.65pt'> <td width="251" valign="bottom" style='width:188.35pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Typenex Unsecured Short Term (Note 7)</p> </td> <td width="99" valign="bottom" style='width:74.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160; 245,000</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="99" valign="bottom" style='width:74.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160; (34,098)</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="107" valign="bottom" style='width:79.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160; 210,902</p> </td> </tr> <tr style='height:12.65pt'> <td width="251" valign="bottom" style='width:188.35pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>B of I Bank</p> </td> <td width="99" valign="bottom" style='width:74.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>153,655</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="99" valign="bottom" style='width:74.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-&#160;&#160; </p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="107" valign="bottom" style='width:79.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>153,655</p> </td> </tr> <tr style='height:12.65pt'> <td width="251" valign="bottom" style='width:188.35pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>The Hartford</p> </td> <td width="99" valign="bottom" style='width:74.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>13,001</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="99" valign="bottom" style='width:74.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-&#160;&#160; </p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="107" valign="bottom" style='width:79.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>13,001</p> </td> </tr> <tr style='height:12.65pt'> <td width="251" valign="bottom" style='width:188.35pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Bank of the West - short term portion</p> </td> <td width="99" valign="bottom" style='width:74.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>7,211</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="99" valign="bottom" style='width:74.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-&#160;&#160; </p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="107" valign="bottom" style='width:79.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>7,211</p> </td> </tr> <tr style='height:12.65pt'> <td width="251" valign="bottom" style='width:188.35pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Total Short Term Notes Payable</p> </td> <td width="99" valign="bottom" style='width:74.2pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160; 418,867</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="99" valign="bottom" style='width:74.2pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160; (34,098)</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="107" valign="bottom" style='width:79.9pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160; 384,769</p> </td> </tr> <tr style='height:12.65pt'> <td width="251" valign="bottom" style='width:188.35pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="99" valign="bottom" style='width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="99" valign="bottom" style='width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="107" valign="bottom" style='width:79.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr style='height:12.65pt'> <td width="251" valign="bottom" style='width:188.35pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Bank of the West - long term portion</p> </td> <td width="99" valign="bottom" style='width:74.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160;&#160;&#160; 29,189</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="99" valign="bottom" style='width:74.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&#160;&#160; </p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="107" valign="bottom" style='width:79.9pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160;&#160;&#160; 29,189</p> </td> </tr> <tr style='height:12.65pt'> <td width="251" valign="bottom" style='width:188.35pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Total Long Term Notes Payable</p> </td> <td width="99" valign="bottom" style='width:74.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160;&#160;&#160; 29,189</p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="99" valign="bottom" style='width:74.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&#160;&#160; </p> </td> <td width="23" valign="bottom" style='width:17.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="107" valign="bottom" style='width:79.9pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$&#160;&#160;&#160; 29,189</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="626" style='width:469.7pt;margin-left:5.4pt;border-collapse:collapse'> <tr style='height:39.0pt'> <td width="251" style='width:187.95pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:39.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Note Holder</b></p> </td> <td width="110" style='width:82.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:39.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance June 30, 2016</b></p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:39.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>&nbsp;</b></p> </td> <td width="104" style='width:77.65pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:39.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Unamortized Original Issue Discount</b></p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:39.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>&nbsp;</b></p> </td> <td width="127" style='width:95.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:39.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance, net of Discount June 30, 2016</b></p> </td> </tr> <tr style='height:13.5pt'> <td width="251" style='width:187.95pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Bank of the West - short term portion</p> </td> <td width="110" style='width:82.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,211 </p> </td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'></td> <td width="104" style='width:77.65pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160; </p> </td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'></td> <td width="127" style='width:95.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,211 </p> </td> </tr> <tr style='height:13.5pt'> <td width="251" style='width:187.95pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Bank of the West - long term </p> </td> <td width="110" style='width:82.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;23,137 </p> </td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'></td> <td width="104" style='width:77.65pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160; </p> </td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'></td> <td width="127" style='width:95.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;23,137</p> </td> </tr> <tr style='height:13.5pt'> <td width="251" style='width:187.95pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="110" style='width:82.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 30,348</p> </td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="104" style='width:77.65pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</p> </td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="127" style='width:95.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 30,348</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b><i>Bank of the West</i></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>On December 29, 2014, Kyle Winther, the Company&#146;s CEO, entered into a vehicle financing agreement with the Bank of the West. Pursuant to the agreement, the amount financed was $39,275, payable in 48 monthly payments plus accrued interest at a rate of 3.9%, with monthly payments of $614 and a maturity date of December 29, 2018. &#160;In January 2015, the Company agreed to assume the payments on this loan and capitalized the vehicle. As of June 30, 2016 the outstanding balance was $30,348, with $7,211 and $23,137 classified as short term and long term, respectively.&#160; As of June 30, 2015 the outstanding balance was $36,400, with $7,211 and $29,189 classified as short term and long term, respectively.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b><i>Terminated Facilities with B of I Federal Bank</i></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On January 2, 2015, the Company entered into a Business Loan and Security Agreement with B of I Federal Bank (the &#147;Bank&#148;). &nbsp;Pursuant to the agreement, the Company borrowed $200,000 from the Bank and received net proceeds of $195,000 USD after deducting an origination fee of $5,000. &nbsp;The loan was payable in 147 payments of $1,728 due each business day beginning on and after January 5, 2015, with the initial total repayment amount (subject to certain exceptions) being equal to $254,000.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On June 2, 2015, the Company entered into a new Business Loan and Security Agreement with the Bank. &nbsp;Pursuant to the agreement, the Company borrowed $175,000 from the Bank and received net proceeds of $104,071 after deducting an origination fee of $1,875 and the repayment of $69,054 in full satisfaction of the Company&#146;s remaining obligations under that certain Business Loan and Security Agreement entered into with the Bank on January 2, 2015. The new loan was payable in 126 payments of $1,708 due each business day beginning on June 3, 2015, with the total repayment amount (subject to certain exceptions) being equal to $215,249 (the &#147;Total Repayment Amount&#148;). As of June 30, 2016 and 2015, the outstanding balance was $0 and $153,655, respectively.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On November 3, 2015, the Company entered into a new Business Loan and Security Agreement with the Bank. Pursuant to the agreement, the Company borrowed $125,000 from the Bank and received net proceeds of $93,615 after deducting an origination fee of $3,023 and the repayment of $28,361 in full satisfaction of the Company&#146;s remaining obligations under that certain Business Loan and Security Agreement entered into with the Bank on June 2, 2015. &nbsp;The new loan was payable in 126 payments of $1,220 due each business day beginning on November 4, 2015, with the total repayment amount (subject to certain exceptions) being equal to $153,750. On December 24, 2015, the loan balance of $106,000 was paid off upon the closing of the financing transaction with TCA Global Credit Master Fund, LP. &nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Prior to their repayment, each of the facilities with the Bank were secured by all personal property of the Company and were also personally guaranteed by Lori Winther, Kyle Winther and Gary Perlingos.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Company evaluated each of the agreements entered into on June 2, 2015 and November 3, 2015 under ASC 470-50-40 &#147;Extinguishments of Debt&#148; (&#147;ASC 470&#148;), and determined that neither agreement constituted a substantial modification under ASC 470, and accordingly treated the agreements as a modification to the original January 2, 2015 facility.&#160; </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'><b>NOTE 10 &#150; INCOME TAX</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The provision for income taxes was determined by applying the statutory federal income tax rate to net income before income taxes and is as follows for the year ending June 30, 2015 and June 30, 2016:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr align="left"> <td width="125" valign="top" style='width:93.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> </td> <td width="25" valign="top" style='width:18.75pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>&nbsp;</p> </td> <td width="78" valign="top" style='width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>2016</b></p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>2015</b></p> </td> </tr> <tr align="left"> <td width="125" valign="top" style='width:93.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Federal tax</p> </td> <td width="25" valign="top" style='width:18.75pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="78" valign="top" style='width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-&#160;&#160;&#160;&#160; </p> </td> </tr> <tr align="left"> <td width="125" valign="top" style='width:93.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>State tax</p> </td> <td width="25" valign="top" style='width:18.75pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="78" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>800</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>2,400&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes were as follows:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="417" style='border-collapse:collapse'> <tr style='height:15.25pt'> <td width="222" valign="top" style='width:166.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>2016</b></p> </td> <td width="38" valign="top" style='width:28.15pt;padding:0in 5.4pt 0in 5.4pt;height:15.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="48" valign="top" style='width:.5in;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>2015</b></p> </td> <td width="38" valign="top" style='width:28.15pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Statutory federal income tax rate</p> </td> <td width="72" valign="top" style='width:.75in;border:none;background:white;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(34)%</p> </td> <td width="38" valign="top" style='width:28.15pt;background:white;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="48" valign="top" style='width:.5in;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(34)</p> </td> <td width="38" valign="top" style='width:28.15pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>%</p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>State taxes, net of federal benefit</p> </td> <td width="72" valign="top" style='width:.75in;background:white;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(4)%</p> </td> <td width="38" valign="top" style='width:28.15pt;background:white;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="48" valign="top" style='width:.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(3)</p> </td> <td width="38" valign="top" style='width:28.15pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>%</p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Other</p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(1)%</p> </td> <td width="38" valign="top" style='width:28.15pt;background:white;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="48" valign="top" style='width:.5in;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(2)</p> </td> <td width="38" valign="top" style='width:28.15pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>%</p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(39)%</p> </td> <td width="38" valign="top" style='width:28.15pt;background:white;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="48" valign="top" style='width:.5in;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(39)</p> </td> <td width="38" valign="top" style='width:28.15pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>%</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'><b>NOTE 11 &#150; LOSS PER COMMON SHARE</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>A summary of the net loss and shares used to compute net loss per share for the year ended June 30, 2016 and 2015 is as follows:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="591" style='width:443.05pt;border-collapse:collapse'> <tr align="left"> <td width="320" valign="top" style='width:240.05pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="27" valign="top" style='width:20.3pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="28" valign="top" style='width:21.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>&nbsp;</p> </td> <td width="92" valign="top" style='width:68.65pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>2016</b></p> </td> <td width="32" valign="top" style='width:24.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="92" valign="top" style='width:68.65pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>2015</b></p> </td> </tr> <tr align="left"> <td width="320" valign="top" style='width:240.05pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Net loss for computation of basic and dilutive net (loss) per share</p> </td> <td width="27" valign="top" style='width:20.3pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="28" valign="top" style='width:21.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="92" valign="top" style='width:68.65pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(634,643)</p> </td> <td width="32" valign="top" style='width:24.2pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="92" valign="top" style='width:68.65pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(613,997)</p> </td> </tr> <tr align="left"> <td width="320" valign="top" style='width:240.05pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Basic and dilutive net (loss) per share</p> </td> <td width="27" valign="top" style='width:20.3pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="28" valign="top" style='width:21.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="92" valign="top" style='width:68.65pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(0.01)</p> </td> <td width="32" valign="top" style='width:24.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="92" valign="top" style='width:68.65pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(0.01)&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p> </td> </tr> <tr align="left"> <td width="320" valign="top" style='width:240.05pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Basic and dilutive weighted average shares outstanding</p> </td> <td width="27" valign="top" style='width:20.3pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="28" valign="top" style='width:21.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="92" valign="top" style='width:68.65pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>76,419,180</p> </td> <td width="32" valign="top" style='width:24.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="92" valign="top" style='width:68.65pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>68,164,099 </p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>NOTE 12 &#150; PROPERTY AND EQUIPMENT</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Property and equipment consisted of the following as of:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <table border="1" cellspacing="0" cellpadding="0" width="517" style='border-collapse:collapse;border:none'> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="42" valign="top" style='width:31.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>June 30, 2016</b></p> </td> <td width="26" valign="top" style='width:19.15pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>June 30, 2015</b></p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Automobile</p> </td> <td width="42" valign="top" style='width:31.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>36,976</p> </td> <td width="26" valign="top" style='width:19.15pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>36,976</p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Computer</p> </td> <td width="42" valign="top" style='width:31.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>16,756</p> </td> <td width="26" valign="top" style='width:19.15pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>16,756</p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Furniture and equipment</p> </td> <td width="42" valign="top" style='width:31.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>112,302</p> </td> <td width="26" valign="top" style='width:19.15pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>106,568</p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Leasehold improvements</p> </td> <td width="42" valign="top" style='width:31.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>44,300</p> </td> <td width="26" valign="top" style='width:19.15pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>44,300</p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Accumulated depreciation</p> </td> <td width="42" valign="top" style='width:31.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(76,111)</p> </td> <td width="26" valign="top" style='width:19.15pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>(45,054)</p> </td> </tr> <tr align="left"> <td width="222" valign="top" style='width:166.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Property and equipment, net</p> </td> <td width="42" valign="top" style='width:31.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>134,223</p> </td> <td width="26" valign="top" style='width:19.15pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>159,546</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;background:white'><b><font style='text-transform:uppercase'>NOTE 13 &#150; LITIGATION</font></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;background:white'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>On November 4, 2015, the Company filed a lawsuit in the Superior Court of California, County of Orange, Case Number 30-2015-00818492-CU-BC-CJC against Kevin Crump, an individual, Magnavape, Inc. and Magnavon, Inc. alleging breach of contract, fraud, negligent misrepresentation, intentional interference with economic advantage and negligent interference with economic advantage relating to the production by the defendants of the Company&#146;s AR Mods. The lawsuit prayer is for $3,000,000. This amount includes general damages, lost profits and punitive damages against the defendants.&nbsp; A mandatory settlement conference is scheduled for February 24, 2017 and a jury trial is scheduled for March 27, 2017.&nbsp; </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;background:white'><b><font style='text-transform:uppercase'>Note 14 &#150; Subsequent events</font></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;background:white'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>On July 15, 2016, the Company entered into a second Exchange Agreement (the &#147;Second Exchange Agreement&#148;) with Iliad.&nbsp;Pursuant to the Second Exchange Agreement, the Company and Iliad exchanged the Exchange Note for a new promissory note in the original principal amount of $81,631.88 (the &#147;Second Exchange Note&#148;), which balance includes an exchange fee of $2,500. The Second Exchange Note was issued in substitution of and not in satisfaction of the Exchange Note.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>The Second Exchange Agreement and related Second Exchange Note restructure the payment provisions of the Exchange Note. &nbsp;The Second Exchange Note provides that the Company is to make to Iliad a payment equal to the remaining aggregate outstanding balance of the Second Exchange Note on or before July 15, 2017, which payment must be made in cash. Interest accrues on the outstanding balance of the Second Exchange Note at a rate of 10% per annum; provided, however that if the Company fails to repay the Second Exchange Note when due, or if the Company is otherwise in default under the Second Exchange Note, at the option of Iliad a default interest rate of 18% per annum will apply. In the event the Company is in default under the Second Exchange Note, Iliad also has the option to accelerate the note with the outstanding balance becoming immediately due and payable at an amount equal to 115% of the outstanding balance of the Second Exchange Note as of the date the event of default occurred. The Second Exchange Note may be prepaid without penalty at any time.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;background:white'>The Second Exchange Note provides that, until the Second Exchange Note has been paid in full, Iliad may convert all or part of the outstanding note balance (the &#147;Conversion Amount&#148;) into shares of common stock of the Company at the Conversion Price (as defined below). &nbsp;Notwithstanding the foregoing, the Company has the option to pay the Conversion Amount in cash in lieu of delivering shares of its common stock. &nbsp;As used, &#147;Conversion Price&#148; means a price per share equal to 70% of the average of the three lowest closing bid prices of the Company&#146;s common stock in the twenty trading days immediately preceding the applicable conversion. &nbsp;The Second Exchange Note provides that the Company may not issue shares to Iliad under the Second Exchange Note if the issuance of such shares would cause Iliad to beneficially own more than 9.99% of the Company&#146;s outstanding common stock.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;background:white'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;background:white'>As of October 10, 2016, the outstanding balance on the Second Exchange Note was $23,264.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;background:white'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;background:white'><b>Issuance of Common Stock</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;background:white'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;background:white'>Subsequent to June 30, 2016, the Company issued to Typenex Co-Investment, LLC shares of its common stock as partial payment of the Company&#146;s outstanding debt obligations to Typenex as follows (see Note 7):</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;background:white'>&nbsp;</p> <table border="1" cellspacing="0" cellpadding="0" style='border-collapse:collapse;border:none'> <tr align="left"> <td width="160" valign="top" style='width:119.7pt;border:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Date of Issuance</p> </td> <td width="82" valign="top" style='width:.85in;border:solid black 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Number of Shares of Common Stock</p> </td> <td width="144" valign="top" style='width:1.5in;border:solid black 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Conversion Price</p> </td> <td width="246" valign="top" style='width:184.5pt;border:solid black 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Consideration</p> </td> </tr> <tr align="left"> <td width="160" valign="top" style='width:119.7pt;border:solid black 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>August 5, 2016</p> </td> <td width="82" valign="top" style='width:.85in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>118,456</p> </td> <td width="144" valign="top" style='width:1.5in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>$0.014467</p> </td> <td width="246" valign="top" style='width:184.5pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Issuance of true up shares in connection with debt conversion on March 15, 2016.</p> </td> </tr> <tr align="left"> <td width="160" valign="top" style='width:119.7pt;border:solid black 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>August 5, 2016</p> </td> <td width="82" valign="top" style='width:.85in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>3,313,612</p> </td> <td width="144" valign="top" style='width:1.5in;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>$0.007723</p> </td> <td width="246" valign="top" style='width:184.5pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Issuance of true up shares in connection with debt conversion on April 15, 2016.</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;background:white'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Basis of Presentation </b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The financial statements, and the accompanying notes, are prepared in accordance with US GAAP and pursuant to the instructions to Form 10-K of the Securities and Exchange Commission.&#160; The Company&#146;s fiscal year end is June 30.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company operates in one segment, in accordance with accounting guidance Financial Accounting Standards Board (&#147;FASB&#148;) ASC Topic 280, Segment Reporting. The Company&#146;s Chief Executive Officer has been identified as the chief operating decision maker as defined by FASB ASC Topic 280. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Going Concern</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company&#146;s consolidated financial statements have been presented on the basis that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company&#146;s cash balance as of June 30, 2016 along with its continued net losses and working capital deficit along with other factors raise substantial doubt about its ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company continues to face liquidity and capital resources constraints despite generating $138,176 in cash from operations in the fiscal year ended June 30, 2016.&#160; The Company does not believe that the proceeds from its debt facilities (see Note 7 and Note 9) along with its operating cash flows will be sufficient to meet its financing needs for the next twelve months. The extent of the Company&#146;s future capital requirements will depend on many factors, including the Company&#146;s results from operations and the growth rate of the Company&#146;s business. The Company&#146;s near term objective is to raise debt or equity capital to fund its immediate cash needs and to finance its longer term growth on terms that are more favorable than the company&#146;s existing credit facilities. The Company is also pursuing various means to increase revenues, reduce operating costs and to improve overall cash flow. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company presently does not have any arrangements for additional financing. However, the Company continues to evaluate various financing strategies to support its current operations and fund its future growth.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Use of Estimates</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates significant estimates and assumptions related to its accounts receivable allowance, accounts payable, deferred income tax asset valuation allowances, fair value of derivative liability, fair value of stock and stock options, useful life of fixed assets, recoverability of long lived assets, inventory reserves, estimates of sales return and accrual for potential liabilities. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company&#146;s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Cash and Cash Equivalents</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. At June 30, 2016, the Company had no cash equivalents.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Concentration of Risk</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash. The Company places its cash with high quality banking institutions.&#160; The Company had $295,799 in excess of FDIC insured limits.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company relied on two and one manufacturer(s) to make all of the Company&#146;s Mods during the years ended June 30, 2016 and 2015, respectively.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Financial Instruments and Fair Value Measurement</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Pursuant to ASC 820,<i> Fair Value Measurements and Disclosures</i>, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument&#146;s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><i>Level 1</i>- applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><i>Level 2</i>- applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><i>Level 3</i>- applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company&#146;s financial instruments consist principally of cash, accounts payable and accrued liabilities, and amounts due to related parties, and derivative liabilities and convertible notes payable. Pursuant to ASC 820, the fair value of the Company&#146;s cash is determined based on &#147;Level 1&#148; inputs, which consist of quoted prices in active markets for identical assets. Pursuant to ASC 820, the fair value of the Company&#146;s derivative liability is determined based on &#147;Level 3&#148; inputs, which consist of unobservable inputs. The Company believes that the recorded values of all of its other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Revenue Recognition</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company recognizes revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>For retail transactions, revenue is recognized at the point of sale. For wholesale and online transactions, revenue is recognized at the time goods are shipped.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt'><b>Shipping and Handling</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Payments by customers to the Company for shipping and handling costs are included in revenue on the statements of operations, while the Company&#146;s expense is included in cost of goods sold. Shipping and handling for inventory is included as a component of inventory on the balance sheets, and in cost of revenues in the statements of operations when the product is sold.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Deferred Income</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company accrues deferred income when customer payments are received, but product has not yet shipped. As of June 30, 2016 and 2015, the Company had recorded $94,754 and $82,499, respectively for deferred income as a result of prepayments for product made by customers. Those prepayments are recognized into revenue at the point those prepaid products have subsequently shipped. The Company recognized the $82,499 into revenue during the year ended June 30, 2016. The Company expects to recognize the $94,754 into revenue during the following fiscal year. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Inventories</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Inventories consist primarily of vaping devices, electronic cigarettes, e-liquid and related supplies and accessories and are stated at the lower of cost (first-in, first-out) or market value. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Property and Equipment</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Property and equipment consists of computer equipment, furniture, facility equipment, and leasehold improvements which are carried at historical cost and are depreciated over the estimated useful lives of the related assets. Estimated useful lives are from 3 to 10 years. Expenditures for maintenance and repairs are charged against operations. The modified accelerated cost recovery system (straight line) is used for federal income tax purposes and also for financial reporting as the difference between the two does not appear to be material.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt'><b>Impairment of Long-lived Assets and Goodwill</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company evaluates goodwill for impairment annually in the fourth quarter, and whenever events or changes in circumstances indicate it is more likely than not that the fair value of a reporting unit containing goodwill is less than its carrying amount. &nbsp;The goodwill impairment test consists of a two-step process, if necessary. The first step is to compare the fair value of a reporting unit to its carrying value, including goodwill. The Company typically uses discounted cash flow models to determine the fair value of a reporting unit. The assumptions used in these models are consistent with those the Company believes hypothetical marketplace participants would use. If the fair value of the reporting unit is less than its carrying value, the second step of the impairment test must be performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company periodically evaluates whether the carrying value of property, equipment and intangible assets has been impaired when circumstances indicate the carrying value of those assets may not be recoverable. &nbsp;The carrying amount is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. &nbsp;If the carrying value is not recoverable, the impairment loss is measured as the excess of the asset&#146;s carrying value over its fair value.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company&#146;s impairment analyses require management to apply judgment in estimating future cash flows as well as asset fair values, including forecasting useful lives of the assets, assessing the probability of different outcomes, and selecting the discount rate that reflects the risk inherent in future cash flows. If the carrying value is not recoverable, the Company assess the fair value of long-lived assets using commonly accepted techniques, and may use more than one method, including, but not limited to, recent third party comparable sales and discounted cash flow models. &nbsp;If actual results are not consistent with the Company&#146;s assumptions and estimates, or the Company&#146;s assumptions and estimates change due to new information, the Company may be exposed to an impairment charge in the future.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Advertising Expense</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify'>Advertising costs are expensed as incurred. Advertising expense for the year ended June 30, 2016 and 2015 were $106,734 and $140,771, respectively and are included in general and administrative expenses.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt'><b>Debt</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company issues debt that may have separate warrants, conversion features, or no equity-linked attributes.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><i>Convertible debt</i>&nbsp;&#150;&nbsp;<i>derivative treatment&nbsp;</i>&#150; When the Company issues debt with a conversion feature, the Company must first assess whether the conversion feature meets the requirements to be treated as a derivative, as follows: &nbsp;a) one or more underlyings, typically the price of our common stock; b) one or more notional amounts or payment provisions or both, generally the number of shares upon conversion; c) no initial net investment, which typically excludes the amount borrowed; and d) net settlement provisions, which in the case of convertible debt generally means the stock received upon conversion can be readily sold for cash. An embedded equity-linked component that meets the definition of a derivative does not have to be separated from the host instrument if the component qualifies for the scope exception for certain contracts involving an issuer&#146;s own equity. &nbsp;The scope exception applies if the contract is both a) indexed to its own stock; and b) classified in stockholders&#146; equity in its statement of financial position.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>If the conversion feature within convertible debt meets the requirements to be treated as a derivative, the Company estimates the fair value of the convertible debt derivative using Black-Scholes upon the date of issuance. &nbsp;If the fair value of the convertible debt derivative is higher than the face value of the convertible debt, the excess is immediately recognized as interest expense. &nbsp;Otherwise, the fair value of the convertible debt derivative is recorded as a liability with an offsetting amount recorded as a debt discount, which offsets the carrying amount of the debt. &nbsp;The convertible debt derivative is revalued at the end of each reporting period and any change in fair value is recorded as a gain or loss in the statement of operations. &nbsp;The debt discount is amortized through interest expense over the life of the debt.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><i>Convertible debt &#150; beneficial conversion feature</i>&nbsp;&#150; If the conversion feature is not treated as a derivative, the Company assess whether it is a beneficial conversion feature (&#147;BCF&#146;). &nbsp;A BCF exists if the conversion price of the convertible debt instrument is less than the stock price on the commitment date. &nbsp;This typically occurs when the conversion price is less than the fair value of the stock on the date the instrument was issued. &nbsp;The value of a BCF is equal to the intrinsic value of the feature, the difference between the conversion price and the common stock into which it is convertible, and is recorded as additional paid in capital and as a debt discount in the balance sheet. &nbsp;The Company amortizes the balance over the life of the underlying debt as amortization of debt discount expense in the consolidated statement of operations. &nbsp;If the debt is retired early, the associated debt discount is then recognized immediately as amortization of debt discount expense in the statement of operations.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>If the conversion feature does not qualify for either the derivative treatment or as a BCF, the convertible debt is treated as traditional debt.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Accounting for Derivatives Liabilities</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company evaluates contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40,<i> Derivative Instruments and Hedging: Contracts in Entity&#146;s Own Equity</i>. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date. See Note 8 for disclosure of derivatives and their valuation related to various convertible debt agreements. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt'><b>Modification of Debt Instruments</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different. &nbsp;The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument. &nbsp;The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test. &nbsp;If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt'><b>Deferred Financing Costs, Net</b></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>Costs with respect to the issuance of common stock, warrants, stock options or debt instruments by the Company are initially deferred and ultimately offset against the proceeds from such equity transactions or amortized to interest expense over the term of any debt funding, if successful, or expensed if the proposed equity or debt transaction is unsuccessful.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>For the year ending June 30, 2016, the Company incurred $199,750 in costs in connection with the negotiation of a financing transaction with TCA Global Credit Master Fund, LP. The unamortized finance costs for the years ended June 30, 2016 and 2015 were $133,167 and $39,654 respectively.&#160; </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Basic and Diluted Net Income per Share</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company computes net income per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (&#147;EPS&#148;) on the face of the income statement. Basic EPS is computed by dividing net income available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants or debentures. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of June 30, 2016 and 2015, there were no dilutive securities as the Company had incurred net losses.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Income Taxes</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company accounts for income taxes under the provisions of ASC Topic 740-10,<i> Income Taxes</i>, which requires the Company to recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company&#146;s financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined and income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes determined on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. As of June 30, 2016 and 2015, the Company has federal and state net operating loss carry forwards of approximately $746,000 and $463,000, respectively, which will begin to expire in 2030 unless utilized in earlier years. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>When there are uncertainties related to potential income tax benefits, in order to qualify for recognition, the position the Company takes has to have at least a &#147;more likely than not&#148; chance of being sustained (based on the position&#146;s technical merits) upon challenge by the respective authorities. The term &#147;more likely than not&#148; means a likelihood of more than 50 percent. Otherwise, the Company may not recognize any of the potential tax benefit associated with the position. The Company recognizes a benefit for a tax position that meets the &#147;more likely than not&#148; criterion at the largest amount of tax benefit that is greater than 50 percent likely of being realized upon its effective resolution. Unrecognized tax benefits involve management&#146;s judgment regarding the likelihood of the benefit being sustained. The final resolution of uncertain tax positions could result in adjustments to recorded amounts and may affect our results of operations, financial position and cash flows.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>The Company reviews its filing positions for all open tax years in all U.S. federal and state jurisdictions where the Company is required to file. The Company&#146;s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The tax years subject to examination by major tax jurisdictions include the 2011 Fiscal Period and forward by the U.S. Internal Revenue Service, and the 2011 Fiscal Period and forward for various states.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Stock Based Compensation</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Issuances of the Company&#146;s common stock for acquiring goods or services are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The measurement date for the fair value of the equity instruments issued to consultants or vendors is determined at the earlier of (i) the date at which a commitment for performance to earn the equity instruments is reached (a &#147;performance commitment&#148; which would include a penalty considered to be of a magnitude that is a sufficiently large disincentive for nonperformance) or (ii) the date at which performance is complete. However, situations may arise in which counter performance may be required over a period of time but the equity award granted to the party performing the service is fully vested and non-forfeitable on the date of the agreement. As a result, in this situation in which vesting periods do not exist as the instrument is fully vested on the date of agreement, the Company determines such date to be the measurement date and will record the estimated fair market value of the instrument granted as a prepaid expense and amortize such amount to general and administrative expense in the accompanying statement of operations over the contract period. When it is appropriate for the Company to recognize the cost of a transaction during financial reporting periods prior to the measurement date, for purposes of recognition of costs during those periods, the equity instrument is measured at the then-current fair values at each of those interim financial reporting dates.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>For purposes of determining the variables used in the calculation of stock compensation expense under the provisions of FASB ASC Topic 505, &#147;Equity&#148; and FASB ASC Topic 718, &#147;Compensation &#151; Stock Compensation,&#148; the Company performs an analysis of current market data and historical Company data to calculate an estimate of implied volatility, the expected term of the option and the expected forfeiture rate. With the exception of the expected forfeiture rate, which is not an input, the Company uses these estimates as variables in the Black-Scholes option pricing model. Depending upon the number of stock options granted, any fluctuations in these calculations could have a material effect on the results presented in the Company&#146;s consolidated statements of operations. In addition, any differences between estimated forfeitures and actual forfeitures could also have a material impact on the Company&#146;s financial statements. For the years ended June 30, 2016 and 2015, the Company had $0 and $10,850, respectively, of stock based compensation relating to employees. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Non-Cash Equity Transactions</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>Shares of equity instruments issued for non-cash consideration are recorded at the fair value of the consideration received based on the market value of services to be rendered, or at the value of the stock given, considered in reference to current market price.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'><b>Recent Accounting Pronouncements </b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In August 2016 the FASB issued ASU 2016-15,&nbsp;&#147;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments&#148; (&#147;ASU 2016-15&#148;). ASU 2016-15 will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017. The new standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In March 2016, the FASB issued ASU 2016-09, &#147;Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting&#148;. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently in the process of evaluating the impact of the adoption on its financial statements.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In February 2016, the FASB issued ASU No. 2016-02, &#147;Leases (Topic 842)&#148; (&#147;ASU 2016-02&#148;). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In November 2015, the FASB issued ASU 2015-17, which simplifies the presentation of deferred tax assets and liabilities on the balance sheet. &nbsp;Previous GAAP required an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet. &nbsp;The amendment requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet. &nbsp;This ASU is effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. &nbsp;The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In September 2015, the FASB issued ASU 2015-16, which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This ASU is effective for interim and annual reporting period beginning after December 15, 2016, including interim periods within those fiscal years, with the option to early adopt for financial statements that have not been issued. The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In July 2015, the FASB issued ASU 2015-11, which requires an entity to measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments apply to inventory that is measured using first-in, first-out (FIFO) or average cost. This ASU is effective for interim and annual reporting periods beginning after December 15, 2016, with the option to early adopt as of the beginning of an annual or interim period. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>In April 2015, the FASB issued ASU 2015-03, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-indent:.5in'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:justify;text-autospace:none'>The Company has reviewed other recent accounting pronouncements issued prior to the date of issuance of its financial statements included in this report, and does not believe any of these pronouncements will have a material impact on its consolidated financial statements. </p> <!--egx--><p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>2015</b></p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Annual dividend yield</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Expected life (years)</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>5</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Risk-free interest rate</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>1.63%</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Expected volatility</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>121.10%</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:206.75pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Fair value of options granted</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>0.035</p> </td> <td width="42" valign="top" style='width:31.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Number of Shares</b></p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Weighted Average Exercise Price</b></p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr style='height:20.65pt'> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Outstanding at July 1, 2014</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt;height:20.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Granted</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>310,000</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>0.0419</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Exercised</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Forfeited</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Outstanding at June 30, 2015</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>310,000</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>0.0419</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Granted</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Exercised</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Forfeited</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Outstanding at June 30, 2016</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>310,000</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>$</p> </td> <td width="132" valign="top" style='width:99.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>0.0419</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="276" valign="top" style='width:207.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="30" valign="top" style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="126" valign="top" style='width:94.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="42" valign="top" style='width:31.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> <td width="18" valign="top" style='width:13.25pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&nbsp;</p> </td> </tr> </table> <!--egx--><p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="630" style='border-collapse:collapse'> <tr style='height:38.25pt'> <td width="176" valign="bottom" style='width:132.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>Note Holder</b></p> </td> <td width="70" valign="bottom" style='width:52.85pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance June 30, 2015</b></p> </td> <td width="18" valign="bottom" style='width:13.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>&nbsp;</b></p> </td> <td width="96" valign="bottom" style='width:71.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Unamortized Original</b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Derivative Discount</b></p> </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Unamortized Original Issue Discount</b></p> </td> <td width="81" valign="bottom" style='width:60.4pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance of </b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Debt Discount</b></p> </td> <td width="16" valign="bottom" style='width:11.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>&nbsp;</b></p> </td> <td width="84" valign="bottom" style='width:62.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:38.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance, net of Discount 6/30/2015</b></p> </td> </tr> <tr style='height:12.75pt'> <td width="176" valign="bottom" style='width:132.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Typenex Co-Investment, LLC</p> </td> <td width="70" valign="bottom" style='width:52.85pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;$163,131 </p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="96" valign="bottom" style='width:71.75pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160; (27,718)</p> </td> <td width="90" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$ (14,594)</p> </td> <td width="81" valign="bottom" style='width:60.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$ (42,313)</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="84" valign="bottom" style='width:62.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;$&#160; 120,818 </p> </td> </tr> <tr style='height:12.75pt'> <td width="176" valign="bottom" style='width:132.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Typenex Co-Investment, LLC</p> </td> <td width="70" valign="bottom" style='width:52.85pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160; &#160;&#160;&#160;&#160;&#160;&#160;89,057 </p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="96" valign="bottom" style='width:71.75pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160; (15,132)</p> </td> <td width="90" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160; &#160;(2,652)</p> </td> <td width="81" valign="bottom" style='width:60.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160; (17,784)</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="84" valign="bottom" style='width:62.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 71,273 </p> </td> </tr> <tr style='height:12.75pt'> <td width="176" valign="bottom" style='width:132.1pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Total Convertible Notes Payable</p> </td> <td width="70" valign="bottom" style='width:52.85pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;$252,188 </p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="96" valign="bottom" style='width:71.75pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$&#160; (42,850)</p> </td> <td width="90" valign="bottom" style='width:67.5pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$ (17,246)</p> </td> <td width="81" valign="bottom" style='width:60.4pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;$ (60,097)</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="84" valign="bottom" style='width:62.8pt;border-top:solid windowtext 1.0pt;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right'>&#160;$&#160; 192,091 </p> </td> </tr> </table> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="526" style='margin-left:-1.35pt;border-collapse:collapse'> <tr style='height:25.5pt'> <td width="153" rowspan="2" valign="bottom" style='width:114.75pt;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:10.05pt'><b>Note Holder</b></p> </td> <td width="103" rowspan="2" valign="bottom" style='width:77.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;margin-left:-.95pt;text-align:center;text-indent:.95pt'><b>Balance </b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>June 30, 2016</b></p> </td> <td width="18" rowspan="2" valign="bottom" style='width:13.45pt;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="116" rowspan="2" valign="bottom" style='width:87.35pt;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Unamortized Original</b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Derivative Discount</b></p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="16" rowspan="2" valign="bottom" style='width:11.95pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="104" rowspan="2" valign="bottom" style='width:78.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>Balance</b></p> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'><b>net of Derivative Discount 6/30/16</b></p> </td> </tr> <tr style='height:26.25pt'> <td width="16" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:26.25pt'></td> </tr> <tr style='height:15.0pt'> <td width="153" style='width:114.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:1.2pt'>Iliad Co Loan Payable</p> </td> <td width="103" style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:10.0pt'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 272,250</p> </td> <td width="18" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:20.0pt'>&nbsp;</p> </td> <td width="116" style='width:87.35pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="16" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:10.0pt'>&nbsp;</p> </td> <td width="16" style='width:11.95pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:20.0pt'>&nbsp;</p> </td> <td width="104" style='width:78.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:10.0pt'>$&#160;&#160; 272,250</p> </td> </tr> <tr style='height:15.0pt'> <td width="153" style='width:114.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:1.2pt'>TCA Global Loan Payable </p> </td> <td width="103" style='width:77.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:1.6pt'>659,409</p> </td> <td width="18" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td width="116" style='width:87.35pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;(483,120)</p> </td> <td width="16" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td width="16" style='width:11.95pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td width="104" style='width:78.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:1.6pt'>&#160; 176,289 </p> </td> </tr> <tr style='height:25.5pt'> <td width="153" style='width:114.75pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:1.2pt'>Total Convertible Notes Payable </p> </td> <td width="103" style='width:77.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:10.0pt'>$&#160;&#160;&#160;&#160;&#160;&#160; 931,659</p> </td> <td width="18" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="116" style='width:87.35pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160; $&#160;&#160;&#160; (483,120)</p> </td> <td width="16" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="16" style='width:11.95pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="104" style='width:78.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:right;text-indent:10.0pt'>&#160;&#160;&#160;&#160; $ &#160;448,539</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="823" style='width:617.3pt;margin-left:4.65pt;border-collapse:collapse'> <tr style='height:25.5pt'> <td width="196" valign="bottom" style='width:147.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Note name</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'></td> <td width="117" valign="bottom" style='width:87.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>June 30, 2015</p> </td> <td width="132" valign="bottom" style='width:98.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>Estimated Fair Value Upon Issuance</p> </td> <td width="144" valign="bottom" style='width:107.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>Change in Estimated Fair Value</p> </td> <td width="104" valign="bottom" style='width:77.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>Extinguishment of Debt</p> </td> <td width="113" valign="bottom" style='width:84.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:left;text-align:center'>June 30, 2016</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'><b>EMBEDDED CONVERSION FEATURE:</b></p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Chicago ventures</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 68,584</p> </td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,597&nbsp;</p> </td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (70,181)*</p> </td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Typenex</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 330,946</p> </td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (324,448)</p> </td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (6,498)</p> </td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Iliad</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 29,475</p> </td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 82,465&nbsp;</p> </td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 111,940</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>TCA</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="117" valign="bottom" style='width:87.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 706,911</p> </td> <td width="144" valign="bottom" style='width:107.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (105,534)</p> </td> <td width="104" valign="bottom" style='width:77.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="113" valign="bottom" style='width:84.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 601,376</p> </td> </tr> <tr style='height:12.75pt'> <td width="196" valign="bottom" style='width:147.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>TCA Advisory fee</p> </td> <td width="18" valign="bottom" style='width:13.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&nbsp;</p> </td> <td width="117" valign="bottom" style='width:87.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="132" valign="bottom" style='width:98.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 23,130</p> </td> <td width="144" valign="bottom" style='width:107.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 91,440&nbsp;</p> </td> <td width="104" valign="bottom" style='width:77.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'></td> <td width="113" valign="bottom" style='width:84.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.75pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 114,570</p> </td> </tr> <tr style='height:13.5pt'> <td width="196" valign="bottom" style='width:147.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>Total</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'></td> <td width="117" valign="bottom" style='width:87.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 68,584</p> </td> <td width="132" valign="bottom" style='width:98.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,090,462</p> </td> <td width="144" valign="bottom" style='width:107.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (254,481)</p> </td> <td width="104" valign="bottom" style='width:77.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (76,679)</p> </td> <td width="113" valign="bottom" style='width:84.8pt;border:none;border-bottom:double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:left'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 827,887</p> </td> </tr> </table> </div> <p style='margin:0in;margin-bottom:.0001pt;text-align:left;text-autospace:none'>&nbsp;</p> 138176 94754 82499 106734 140771 86860375 72455606 10000000 300000 4095605 3810000 P5Y 0.0163 1.2110 310000 0.0419 310000 0.0419 310000 0.0419 585489 323784 2214 28710 2035 4070 5650 1716 26772 1716 133664 92185 103409 96312 56180 82000 0 12369 163131 -27718 -14594 -42313 120818 89057 -15132 -2652 -17784 71273 252188 -42850 -17246 -60097 192091 272250 272250 659409 -483120 176289 931659 -483120 448539 245000 272250 750000 185000 185000 200000 200000 175000 149881 1687500 245000 68584 1597 -70181 330946 -324448 -6498 29475 82465 111940 706911 -105534 601376 23130 91440 114570 68584 1090462 -254481 -76679 827887 245000 -34098 210902 153655 153655 13001 13001 7211 7211 418867 -34098 384769 29189 29189 29189 29189 7211 7211 23137 23137 200000 195000 5000 1728 175000 104071 1875 125000 93615 3023 800 2400 -0.3400 -0.3400 -4 -3 -1 -2 -634643 -613997 -0.01 -0.01 76419180 68164099 36976 36976 16756 16756 112302 106568 44300 44300 -76111 -45054 134223 159546 0001515718 2014-06-30 0001515718 2015-06-30 0001515718 2015-07-01 2016-06-30 0001515718 2016-06-30 0001515718 2014-07-01 2015-06-30 0001515718 us-gaap:CommonStockMember 2015-06-30 0001515718 us-gaap:AdditionalPaidInCapitalMember 2015-06-30 0001515718 fil:AccumulatedDeficitMember 2015-06-30 0001515718 us-gaap:CommonStockMember 2015-07-01 2016-06-30 0001515718 us-gaap:AdditionalPaidInCapitalMember 2015-07-01 2016-06-30 0001515718 fil:AccumulatedDeficitMember 2015-07-01 2016-06-30 0001515718 us-gaap:CommonStockMember 2016-06-30 0001515718 us-gaap:AdditionalPaidInCapitalMember 2016-06-30 0001515718 fil:AccumulatedDeficitMember 2016-06-30 0001515718 2016-12-31 0001515718 fil:Balance06302015Memberfil:TypenexCoInvestmentLlcMember 2015-06-30 0001515718 fil:UnamortizedOriginalDerivativeDiscountMemberfil:TypenexCoInvestmentLlcMember 2015-06-30 0001515718 fil:UnamortizedOriginalIssueDiscountMemberfil:TypenexCoInvestmentLlcMember 2015-06-30 0001515718 fil:BalanceOfDebtDiscountMemberfil:TypenexCoInvestmentLlcMember 2015-06-30 0001515718 fil:BalanceNetOfDiscount06302015Memberfil:TypenexCoInvestmentLlcMember 2015-06-30 0001515718 fil:Balance06302015Memberfil:TypenexCoMember 2015-06-30 0001515718 fil:UnamortizedOriginalDerivativeDiscountMemberfil:TypenexCoMember 2015-06-30 0001515718 fil:UnamortizedOriginalIssueDiscountMemberfil:TypenexCoMember 2015-06-30 0001515718 fil:BalanceOfDebtDiscountMemberfil:TypenexCoMember 2015-06-30 0001515718 fil:BalanceNetOfDiscount06302015Memberfil:TypenexCoMember 2015-06-30 0001515718 fil:Balance06302015Memberfil:TotalConvertibleNotesPayableMember 2015-06-30 0001515718 fil:UnamortizedOriginalDerivativeDiscountMemberfil:TotalConvertibleNotesPayableMember 2015-06-30 0001515718 fil:UnamortizedOriginalIssueDiscountMemberfil:TotalConvertibleNotesPayableMember 2015-06-30 0001515718 fil:BalanceOfDebtDiscountMemberfil:TotalConvertibleNotesPayableMember 2015-06-30 0001515718 fil:BalanceNetOfDiscount06302015Memberfil:TotalConvertibleNotesPayableMember 2015-06-30 0001515718 fil:Balance06302016Memberfil:IliadCoLoanPayableMember 2016-06-30 0001515718 fil:BalanceNetOfDiscount06302016Memberfil:IliadCoLoanPayableMember 2016-06-30 0001515718 fil:Balance06302016Memberfil:TcaGlobalLoanPayableMember 2016-06-30 0001515718 fil:UnamortizedOriginalDerivativeDiscountMemberfil:TcaGlobalLoanPayableMember 2016-06-30 0001515718 fil:BalanceNetOfDiscount06302016Memberfil:TcaGlobalLoanPayableMember 2016-06-30 0001515718 fil:Balance06302016Memberfil:TotalConvertibleNotesPayableMember 2016-06-30 0001515718 fil:UnamortizedOriginalDerivativeDiscountMemberfil:TotalConvertibleNotesPayableMember 2016-06-30 0001515718 fil:BalanceNetOfDiscount06302016Memberfil:TotalConvertibleNotesPayableMember 2016-06-30 0001515718 fil:June302015Memberfil:ChicagoVenturesMember 2016-06-30 0001515718 fil:ChangeInEstimatedFairValueMemberfil:ChicagoVenturesMember 2016-06-30 0001515718 fil:ExtinguishmentOfDebtMemberfil:ChicagoVenturesMember 2016-06-30 0001515718 fil:EstimatedFairValueUponIssuanceMemberfil:TypenexMember 2016-06-30 0001515718 fil:ChangeInEstimatedFairValueMemberfil:TypenexMember 2016-06-30 0001515718 fil:ExtinguishmentOfDebtMemberfil:TypenexMember 2016-06-30 0001515718 fil:EstimatedFairValueUponIssuanceMemberfil:IliadMember 2016-06-30 0001515718 fil:ChangeInEstimatedFairValueMemberfil:IliadMember 2016-06-30 0001515718 fil:June302016Memberfil:IliadMember 2016-06-30 0001515718 fil:EstimatedFairValueUponIssuanceMemberfil:TcaMember 2016-06-30 0001515718 fil:ChangeInEstimatedFairValueMemberfil:TcaMember 2016-06-30 0001515718 fil:June302016Memberfil:TcaMember 2016-06-30 0001515718 fil:EstimatedFairValueUponIssuanceMemberfil:TcaAdvisoryFeeMember 2016-06-30 0001515718 fil:ChangeInEstimatedFairValueMemberfil:TcaAdvisoryFeeMember 2016-06-30 0001515718 fil:June302016Memberfil:TcaAdvisoryFeeMember 2016-06-30 0001515718 fil:June302015Memberfil:TotalMember 2016-06-30 0001515718 fil:EstimatedFairValueUponIssuanceMemberfil:TotalMember 2016-06-30 0001515718 fil:ChangeInEstimatedFairValueMemberfil:TotalMember 2016-06-30 0001515718 fil:ExtinguishmentOfDebtMemberfil:TotalMember 2016-06-30 0001515718 fil:June302016Memberfil:TotalMember 2016-06-30 0001515718 fil:TypenexUnsecuredShortTermMemberfil:Balance06302015Member 2015-06-30 0001515718 fil:TypenexUnsecuredShortTermMemberfil:UnamortizedOriginalIssueDiscountMember 2015-06-30 0001515718 fil:TypenexUnsecuredShortTermMemberfil:BalanceNetOfDiscount06302015Member 2015-06-30 0001515718 fil:BOfIBankMemberfil:Balance06302015Member 2015-06-30 0001515718 fil:BOfIBankMemberfil:BalanceNetOfDiscount06302015Member 2015-06-30 0001515718 fil:TheHartfordMemberfil:Balance06302015Member 2015-06-30 0001515718 fil:TheHartfordMemberfil:BalanceNetOfDiscount06302015Member 2015-06-30 0001515718 fil:BankOfTheWestShortTermPortionMemberfil:Balance06302015Member 2015-06-30 0001515718 fil:BankOfTheWestShortTermPortionMemberfil:BalanceNetOfDiscount06302015Member 2015-06-30 0001515718 fil:TotalShortTermNotesPayableMemberfil:Balance06302015Member 2015-06-30 0001515718 fil:TotalShortTermNotesPayableMemberfil:UnamortizedOriginalIssueDiscountMember 2015-06-30 0001515718 fil:TotalShortTermNotesPayableMemberfil:BalanceNetOfDiscount06302015Member 2015-06-30 0001515718 fil:BankOfTheWestLongTermPortionMemberfil:Balance06302015Member 2015-06-30 0001515718 fil:BankOfTheWestLongTermPortionMemberfil:BalanceNetOfDiscount06302015Member 2015-06-30 0001515718 fil:TotalLongTermNotesPayableMemberfil:Balance06302015Member 2015-06-30 0001515718 fil:TotalLongTermNotesPayableMemberfil:BalanceNetOfDiscount06302015Member 2015-06-30 0001515718 fil:BankOfTheWestShortTermPortionMemberfil:Balance06302016Member 2016-06-30 0001515718 fil:BankOfTheWestShortTermPortionMemberfil:BalanceNetOfDiscount06302016Member 2016-06-30 0001515718 fil:BankOfTheWestLongTermPortionMemberfil:Balance06302016Member 2016-06-30 0001515718 fil:BankOfTheWestLongTermPortionMemberfil:BalanceNetOfDiscount06302016Member 2016-06-30 0001515718 fil:StateTaxMember 2016-06-30 0001515718 fil:StateTaxMember 2015-06-30 0001515718 fil:ServiceProviderMember 2015-03-10 0001515718 fil:GotamaCapitalSAMember 2015-06-30 0001515718 fil:TcaGlobalCreditMasterFundLpMember 2015-12-25 0001515718 fil:SJRealEstateGroupLlcMember 2013-09-13 2016-06-30 0001515718 fil:SJRealEstateGroupLlcMember 2016-06-30 0001515718 fil:SBPWLlcMember 2013-08-05 2015-08-30 0001515718 fil:SBPWLlcMember 2013-08-05 2016-06-30 0001515718 fil:WintherFamilyTrustMember 2015-07-01 2016-06-30 0001515718 fil:SusanaBusinessCenterLlcMember 2015-09-01 2015-09-30 0001515718 fil:SusanaBusinessCenterLlcMember 2015-09-15 0001515718 fil:TotalMember 2015-07-01 2016-06-30 0001515718 fil:TotalMember 2014-07-01 2015-06-30 0001515718 fil:IliadResearchTradingLpMember 2015-08-12 0001515718 fil:IliadResearchTradingLpMember 2016-06-30 0001515718 fil:TcaGlobalCreditMasterFundLpMember 2015-12-24 0001515718 fil:GotamaCapitalSaMember 2014-03-14 0001515718 fil:GotamaCapitalSaMember 2014-03-01 2014-03-14 0001515718 fil:GotamaCapitalSaMember 2014-04-10 0001515718 fil:GotamaCapitalSaMember 2014-04-01 2014-04-10 0001515718 fil:GotamaCapitalSaMember 2014-05-19 0001515718 fil:GotamaCapitalSaMember 2014-05-01 2014-05-31 0001515718 fil:TypenexCoInvestmentLlcMember 2014-11-04 0001515718 fil:TypenexCoInvestmentLlcMember 2015-06-04 0001515718 fil:BOfIFederalBankLoan1Member 2015-01-02 0001515718 fil:BOfIFederalBankLoan2Member 2015-06-02 0001515718 fil:BOfIFederalBankLoan3Member 2015-11-03 0001515718 us-gaap:CommonStockMember 2014-07-01 2015-06-30 0001515718 us-gaap:AdditionalPaidInCapitalMember 2014-07-01 2015-06-30 0001515718 fil:AccumulatedDeficitMember 2014-07-01 2015-06-30 0001515718 us-gaap:CommonStockMember 2014-06-30 0001515718 us-gaap:AdditionalPaidInCapitalMember 2014-06-30 0001515718 fil:AccumulatedDeficitMember 2014-06-30 iso4217:USD shares iso4217:USD shares pure $0.001 par value, 10,000,000 authorized, 0 issued and outstanding as of June 30, 2016 and 2015 $0.001 par value, 1,010,000,000 and 140,000,000 shares authorized, 86,860,375 and 72,455,606 issued and outstanding as of June 30, 2016 and June 30, 2015, respectively $36,976 vehicle cost and $2,299 prepaid warranty EX-101.SCH 11 vhub-20160630.xsd XBRL TAXONOMY EXTENSION SCHEMA 000190 - Disclosure - Note 13 - Litigation link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Note 4 - Inventories link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - Note 11 - Loss Per Common Share link:presentationLink link:definitionLink link:calculationLink 000350 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Accounting For Derivatives Liabilities (Policies) link:presentationLink link:definitionLink link:calculationLink 000530 - Disclosure - Note 4 - Inventories (Details) link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - Vapor Hub International Inc. - Statements of Operations link:presentationLink link:definitionLink link:calculationLink 000390 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies) link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - Note 9 - Notes Payable link:presentationLink link:definitionLink link:calculationLink 000480 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Deferred Income (Details) link:presentationLink link:definitionLink link:calculationLink 000310 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies) link:presentationLink link:definitionLink link:calculationLink 000590 - Disclosure - Note 9 - Notes Payable (Details) link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Note 5 - Lease Commitments link:presentationLink link:definitionLink link:calculationLink 000600 - Disclosure - Note 10 - Income Tax (Details) link:presentationLink link:definitionLink link:calculationLink 000470 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Going Concern (Details) link:presentationLink link:definitionLink link:calculationLink 000520 - Disclosure - Note 3 - Capital Stock: Schedule of Share-based Compensation, Stock Options, Activity (Details) link:presentationLink link:definitionLink link:calculationLink 000450 - Disclosure - Note 7 - Convertible Notes Payable: Schedule of Convertible Notes Payable Text Block (Tables) link:presentationLink link:definitionLink link:calculationLink 000400 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Stock Based Compensation (Policies) link:presentationLink link:definitionLink link:calculationLink 000270 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies) link:presentationLink link:definitionLink link:calculationLink 000260 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Financial Instruments and Fair Value Measurement (Policies) link:presentationLink link:definitionLink link:calculationLink 000060 - Statement - Vapor Hub International Inc. - Statements of Cash Flows link:presentationLink link:definitionLink link:calculationLink 000460 - Disclosure - Note 8 - Derivative Liabilities: Schedule of Derivative Liabilities at Fair Value (Tables) link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Note 3 - Capital Stock link:presentationLink link:definitionLink link:calculationLink 000290 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Deferred Income (Policies) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Statement of Financial Position - Parenthetical link:presentationLink link:definitionLink link:calculationLink 000580 - Disclosure - Note 8 - Derivative Liabilities: Schedule of Derivative Liabilities at Fair Value (Details) link:presentationLink link:definitionLink link:calculationLink 000620 - Disclosure - Note 12 - Property and Equipment (Details) link:presentationLink link:definitionLink link:calculationLink 000560 - Disclosure - Note 7 - Convertible Notes Payable: Schedule of Convertible Notes Payable Text Block (Details) link:presentationLink link:definitionLink link:calculationLink 000510 - Disclosure - Note 3 - Capital Stock: Schedule of Stockholders Equity (Details) link:presentationLink link:definitionLink link:calculationLink 000330 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Advertising Expense (Policies) link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - Note 6 - Related Parties link:presentationLink link:definitionLink link:calculationLink 000610 - Disclosure - Note 11 - Loss Per Common Share (Details) link:presentationLink link:definitionLink link:calculationLink 000370 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Deferred Financing Costs, Net (Policies) link:presentationLink link:definitionLink link:calculationLink 000210 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies) link:presentationLink link:definitionLink link:calculationLink 000430 - Disclosure - Note 3 - Capital Stock: Schedule of Stockholders Equity (Tables) link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - Note 8 - Derivative Liabilities link:presentationLink link:definitionLink link:calculationLink 000500 - Disclosure - Note 3 - Capital Stock (Details) link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Note 2 - Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000320 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Impairment of Long-lived Assets and Goodwill (Policies) link:presentationLink link:definitionLink link:calculationLink 000570 - Disclosure - Note 7 - Convertible Notes Payable (Details) link:presentationLink link:definitionLink link:calculationLink 000550 - Disclosure - Note 6 - Related Parties (Details) link:presentationLink link:definitionLink link:calculationLink 000160 - Disclosure - Note 10 - Income Tax link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - Note 7 - Convertible Notes Payable link:presentationLink link:definitionLink link:calculationLink 000250 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Concentration of Risk (Policies) link:presentationLink link:definitionLink link:calculationLink 000220 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Going Concern (Policies) link:presentationLink link:definitionLink link:calculationLink 000280 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Shipping and Handling (Policies) link:presentationLink link:definitionLink link:calculationLink 000240 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - Vapor Hub International Inc. - Statement of Changes in Stockholders' (Deficit) link:presentationLink link:definitionLink link:calculationLink 000360 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Modification of Debt Instruments (Policies) link:presentationLink link:definitionLink link:calculationLink 000230 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies) link:presentationLink link:definitionLink link:calculationLink 000440 - Disclosure - Note 3 - Capital Stock: Schedule of Share-based Compensation, Stock Options, Activity (Tables) link:presentationLink link:definitionLink link:calculationLink 000340 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Debt (Policies) link:presentationLink link:definitionLink link:calculationLink 000300 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Inventories (Policies) link:presentationLink link:definitionLink link:calculationLink 000200 - Disclosure - Note 14 - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Vapor Hub International Inc. - Consolidated Balance Sheets link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - Note 12 - Property and Equipment link:presentationLink link:definitionLink link:calculationLink 000490 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Advertising Expense (Details) link:presentationLink link:definitionLink link:calculationLink 000420 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies) link:presentationLink link:definitionLink link:calculationLink 000380 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Basic and Diluted Net Income Per Share (Policies) link:presentationLink link:definitionLink link:calculationLink 000540 - Disclosure - Note 5 - Lease Commitments (Details) link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - Note 1- Incorporation, Nature of Operations and Acquisition link:presentationLink link:definitionLink link:calculationLink 000410 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Non-cash Equity Transactions (Policies) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 12 vhub-20160630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 13 vhub-20160630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 14 vhub-20160630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Total Short Term Notes Payable Extinguishment of Debt Iliad Research & Trading, LP Convertible Note Payable [Axis] TCA Global Loan Payable Susana Business Center, LLC Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period Property and Equipment Note 14 - Subsequent Events Net change in cash Net change in cash Net cash provided by financing activities Net cash provided by financing activities Non cash finance fees Change in derivative liability. Stock options granted Additional debt discount. Additional Paid-in Capital TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT Accumulated deficit Preferred stock Loans from related parties ASSETS Federal Tax Other Short-term Borrowings Notes Payable- Agreements Derivative Liabilities Note Fair Value Assumptions, Risk Free Interest Rate Deferred Revenue Note 9 - Notes Payable Notes Payable Text Block. Note 6 - Related Parties Net proceeds from convertible notes payable Payments on financed insurance premiums. Purchase of property and equipment Leasehold security deposit. Loss on extinguishment of debt Investor settlement Investor settlement Wages and payroll taxes Revenue Income Statement Preferred Stock, Shares Outstanding Stockholders' deficit Entity Central Index Key Document Period End Date Document Type Leasehold Improvements, Gross Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums Notes Payable [Axis] June 30, 2015 Balance 06/30/2015 Convertible Notes Payable 3 Security Deposit Other Commitment Lease Agreement Fair Value Assumptions, Expected Dividend Rate Gotama Capital S.A. Cash and Cash Equivalents Note 1- Incorporation, Nature of Operations and Acquisition Debt extinguishment Non-cash additions to note payable. Net cash used in operating activities Net cash used in operating activities Amortization of derivative debt discount Amortization of debt discount on short term note. Amortization of deferred finance costs Depreciation Derivative liabilities Inventory Amendment Flag Furniture and Fixtures, Gross Notes Payable 2 The Hartford TCA Advisory Fee BalanceOfDebtDiscountMember Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Advertising Expense {1} Advertising Expense Revenue Recognition Note 5 - Lease Commitments Cash, beginning of period Cash, beginning of period Cash, end of period Stock issued for Advisory Fee, Shares Stock issued for Advisory Fee. Net loss per share: Finance fees Deferred Finance Costs. Common Stock, Shares Outstanding Equipment leases payable {1} Equipment leases payable Represents the monetary amount of Equipment leases payable, as of the indicated date. Entity Filer Category Effective Income Tax Rate Reconciliation, Tax Contingency, State and Local, Amount TCA Convertible Notes Payable 2 Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price Capital Stock [Axis] Schedule of Share-based Compensation, Stock Options, Activity Tables/Schedules Deferred Financing Costs, Net Deferred Finance Costs Net Policy Text Block. Supplemental disclosure of cash flow information: Payments on auto loan payable Proceeds from auto loan payable. Statement [Line Items] Cost of revenue Total Current Liabilities Total Current Liabilities Prepaid expenses and other current assets Document Fiscal Year Focus Entity Common Stock, Shares Outstanding Document and Entity Information: Bank of the West- long term portion June 30, 2016 Convertible Debt, Current Gotama Capital SA Convertible Note Payable Balance, net of Discount 06/30/2015 Professional Fees Advertising Expense Debt Going Concern Note 8 - Derivative Liabilities Note 4 - Inventories Advisory fee paid in common stock Proceeds from convertible notes payable. Non-cash transactions: FINANCING ACTIVITIES: Non cash interest for conversion of notes payable Non cash finance fees. Gotama Note Conversion, Value Stock options granted. Equity Component Equity Components [Axis] Deferred finance costs Accounts receivable Entity Well-known Seasoned Issuer State Tax B of I Federal Bank- Loan 1 Chicago Ventures Fair Value Assumptions, Expected Volatility Rate Schedule of Derivative Liabilities at Fair Value Recent Accounting Pronouncements Modification of Debt Instruments Modification of Debt Instruments Policy Text Block. Note 12 - Property and Equipment Non cash assumption of vehicle note payable Net proceeds from convertible notes payable. Payments on leased property loans Purchase of property and equipment. Security deposit, increase decrease Changes in operating assets and liabilities: Interest expense Notes payable, net of unamortized debt discount Represents the monetary amount of Notes payable, net of unamortized debt discount, as of the indicated date. Long term assets Total Current Assets Total Current Assets Other current assets Cash Short-term Bank Loans and Notes Payable Notes Payable {1} Notes Payable Estimated Fair Value Upon Issuance Balance 06/30/2016 Total Convertible Notes Payable S.J. Real Estate Group, LLC Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value TCA Global Credit Master Fund, LP Accounting For Derivatives Liabilities Original issue discount on notes payable Debt extinguishment. Deferred income, increase decrease Loss on extinguishment of old loans Amortization of derivative debt discount. Statement of Cash Flows Weighted average shares outstanding: General and administrative expenses Common Stock, Par Value Long term liabilities Trading Symbol Income Taxes [Axis] Unamortized Original Issue Discount TypenexCoMember Due to Related Parties, Current Schedule of Stockholders Equity Concentration of Risk Basis of Presentation Insurance premium financing Net cash used in investing activities Net cash used in investing activities Prepaid expenses and other current assets, increase decrease Share based compensation- options Share based compensation for services- common stock. Stock issued for Conversion of Debt, Shares Stock issued for Advisory Fee. Stock issued for services, Shares Change in derivative liability Finance fees. Other income (expense) Convertible notes payable, net of unamortized debt discount Represents the monetary amount of Convertible notes payable, net of current portion and unamortized debt discount, as of the indicated date. Statement of Financial Position Entity Public Float Effective Income Tax Rate Reconciliation, Deduction, Other, Amount Derivative Liabilities Note 2 [Axis] Unamortized Original Derivative Discount Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price Capital Stock Non-cash Equity Transactions Non-Cash Equity Transactions Policy Text Block. Stock Based Compensation Note 7 - Convertible Notes Payable Net proceeds from short term notes payable Net proceeds from convertible notes payable. INVESTING ACTIVITIES: Accounts receivable, increase decrease Common Stock, Shares Issued Preferred Stock, Shares Issued Total Stockholders Deficit Total Stockholders Deficit Balance, Value Balance, Value Long Term Liabilities: Deferred income Current Liabilities: Document Fiscal Period Focus B of I Federal Bank-Loan 3 Total Long Term Notes Payable Typenex Unsecured Short Term Current portion of, convertible notes payable, net of unamortized debt discount, current Balance, net of Discount 06/30/2016 Use of Estimates Note 2 - Summary of Significant Accounting Policies Derivative liability Advisory fee paid in common stock. Share based compensation for services- common stock Non cash interest for conversion of notes payable. Adjustments to reconcile net loss to net cash used in operating activities: Gotama Note Conversion, Shares Gotama Note Conversion Common Stock Statement [Table] Other General and administrative expenses Commitments and Contingencies Equipment leases payable Represents the monetary amount of Equipment leases payable, as of the indicated date. LIABILITIESAND STOCKHOLDERS' DEFICIT Entity Voluntary Filers Net loss for computation of basic and dilutive net (loss) per share Net loss for computation of basic and dilutive net (loss) per share. Other Notes Payable B of I Federal Bank Loan 2 Typenex Convertible Notes Payable Accrued Professional Fees, Current Details Income Taxes Non cash repayment and borrowings of short term note payable Non cash assumption of vehicle note payable. Cash paid for interest Payments on convertible notes payable Proceeds from convertible notes payable. Stock issued for Conversion of Debt, Value Interest expense- debt discount Notes payable, net of unamortized debt discount. Common Stock, Shares Authorized Preferred Stock, Shares Authorized Preferred Stock, Par Value Additional paid-in capital Accounts payable and accrued expenses Total Assets Total Assets Property, Plant and Equipment, Net Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent Bank of the West- short term portion Change in Estimated Fair Value Iliad Co Loan Payable Monthly Lease and Rental Expense Represents the monetary amount of Monthly Lease and Rental Expense, during the indicated time period. Winther Family Trust S.B.P.W., LLC Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Policies Note 3 - Capital Stock Additional debt discount Original issue discount on notes payable. Inventory, increase decrease Change in derivative liability {1} Change in derivative liability Loss on extinguishment of old loans. OPERATING ACTIVITIES: Stock issued for services, Value Net loss per share, basic and diluted Net loss Net loss Income Taxes Receivable Income Taxes {1} Income Taxes Notes Payable- Agreements [Axis] Derivative Liabilities Note [Axis] Proceeds from Convertible Debt Common stock issued for convertible note payable Represents the monetary amount of Common stock issued for convertible note payable, during the indicated time period. Payments on financed insurance premiums Share based compensation- options. Accumulated Deficit Income tax provision Change in derivative liability. Entity Registrant Name Property, Plant and Equipment, Other, Accumulated Depreciation Derivative Liabilities Note 2 Typenex Co- Investment, LLC Convertible Notes Payable 3 [Axis] Lease Agreement [Axis] Fair Value Assumptions, Expected Term Service Provider Inventories Deferred Income Deferred Income Policy Text Block. Financial Instruments and Fair Value Measurement Note 13 - Litigation Non-cash additions to note payable Non cash repayment and borrowings of short term note payable. Payments on related party loans Proceeds from related party loans Amortization of debt discount on short term note Amortization of debt discount on short term note. Statement of Stockholders Equity Net income (loss) from operations Gross profit Gross profit TOTAL LIABILITIES TOTAL LIABILITIES Notes payable Amendment Description Current Fiscal Year End Date Net Proceeds Net Proceeds. Notes Payable 2 [Axis] B of I Bank Total Schedule of Convertible Notes Payable Text Block Schedule of Convertible Notes Payable Text Block. Basic and Diluted Net Income Per Share Impairment of Long-lived Assets and Goodwill Shipping and Handling Note 11 - Loss Per Common Share Note 10 - Income Tax Cash paid for income taxes Stock issued for Advisory Fee, Value Gotama Note Conversion Balance, Shares Balance, Shares Balance, Shares Loss before taxes Fixed assets, net Equipment leases payable. Entity Current Reporting Status Property, Plant and Equipment, Other, Gross Property, Plant and Equipment, Other, Net Iliad Convertible Notes Payable 2 [Axis] Operating Leases, Rent Expense Notes Payments on short term notes payable Proceeds from short term notes payable. Accounts payable and accrued expenses, increase decrease Amortization of debt discount on convertible notes Amortization of debt discount on convertible notes. Weighted average shares outstanding, basic and diluted Other income (expense) {1} Other income (expense) Common stock Current Assets: EX-101.PRE 15 vhub-20160630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 16 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document and Entity Information - USD ($)
12 Months Ended
Jun. 30, 2016
Dec. 31, 2016
Document and Entity Information:    
Entity Registrant Name VAPOR HUB INTERNATIONAL INC.  
Document Type 10-K  
Document Period End Date Jun. 30, 2016  
Amendment Flag false  
Entity Central Index Key 0001515718  
Current Fiscal Year End Date --06-30  
Entity Common Stock, Shares Outstanding 86,860,375  
Entity Public Float   $ 32,196,772
Entity Filer Category Smaller Reporting Company  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Well-known Seasoned Issuer No  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus FY  
Trading Symbol vhub  

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

XML 17 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Vapor Hub International Inc. - Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Current Assets:    
Cash $ 607,960 $ 351,081
Accounts receivable 880 9,511
Inventory 585,489 323,784
Prepaid expenses and other current assets 38,254 61,269
Deferred finance costs 133,166 39,258
Other current assets 10,556 9,474
Total Current Assets 1,376,305 794,377
Fixed assets, net 134,223 159,546
Long term assets 14,341 6,895
Total Assets 1,524,869 960,818
Current Liabilities:    
Accounts payable and accrued expenses 828,146 509,618
Deferred income 94,754 82,499
Equipment leases payable 1,247  
Convertible notes payable, net of unamortized debt discount 448,539 192,091
Notes payable, net of unamortized debt discount 7,211 384,769
Loans from related parties 103,409 96,312
Derivative liabilities 827,883 68,584
Total Current Liabilities 2,311,189 1,333,873
Long Term Liabilities:    
Equipment leases payable   5,440
Notes payable 23,137 29,189
Long term liabilities 23,137 34,629
TOTAL LIABILITIES 2,334,326 1,368,502
Stockholders' deficit    
Preferred stock [1]
Common stock [2] 86,860 72,456
Additional paid-in capital 775,929 557,463
Accumulated deficit (1,672,246) (1,037,603)
Total Stockholders Deficit (809,457) (407,684)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,524,869 $ 960,818
[1] $0.001 par value, 10,000,000 authorized, 0 issued and outstanding as of June 30, 2016 and 2015
[2] $0.001 par value, 1,010,000,000 and 140,000,000 shares authorized, 86,860,375 and 72,455,606 issued and outstanding as of June 30, 2016 and June 30, 2015, respectively
XML 18 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
Statement of Financial Position - Parenthetical - $ / shares
Jun. 30, 2016
Jun. 30, 2015
Statement of Financial Position    
Preferred Stock, Par Value $ 0.001 $ 0.001
Preferred Stock, Shares Authorized 10,000,000 10,000,000
Preferred Stock, Shares Issued 0 0
Preferred Stock, Shares Outstanding 0 0
Common Stock, Par Value $ 0.001 $ 0.001
Common Stock, Shares Authorized 1,010,000,000 140,000,000
Common Stock, Shares Issued 86,860,375 72,455,606
Common Stock, Shares Outstanding 86,860,375 72,455,606
XML 19 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Vapor Hub International Inc. - Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Income Statement    
Revenue $ 6,497,550 $ 5,296,342
Cost of revenue 3,551,069 3,202,067
Gross profit 2,946,481 2,094,275
Wages and payroll taxes 1,392,805 1,207,369
Other General and administrative expenses 1,322,857 1,302,991
General and administrative expenses 2,715,662 2,510,360
Net income (loss) from operations 230,819 (416,085)
Other income (expense)    
Investor settlement (15,000)  
Interest expense (176,560) (163,016)
Finance fees (103,695) (6,762)
Interest expense- debt discount (348,316) (6,125)
Loss on extinguishment of debt (475,575)  
Change in derivative liability 254,484 (19,609)
Other income (expense) (864,662) (195,512)
Loss before taxes (633,843) (611,597)
Income tax provision 800 2,400
Net loss $ (634,643) $ (613,997)
Net loss per share:    
Net loss per share, basic and diluted $ (0.01) $ (0.01)
Weighted average shares outstanding:    
Weighted average shares outstanding, basic and diluted 76,419,180 68,164,099
XML 20 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Vapor Hub International Inc. - Statement of Changes in Stockholders' (Deficit) - USD ($)
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Balance, Value at Jun. 30, 2014 $ 68,060 $ (69,311) $ (423,606) $ (424,877)
Balance, Shares at Jun. 30, 2014 68,060,001      
Stock issued for services, Value $ 300 5,700   6,000
Stock issued for services, Shares 300,000      
Stock options granted   10,850   10,850
Gotama Note Conversion, Value $ 4,096 610,244   614,340
Gotama Note Conversion, Shares 4,095,605      
Net loss     (613,997) (613,997)
Balance, Value at Jun. 30, 2015 $ 72,456 557,463 (1,037,603) $ (407,684)
Balance, Shares at Jun. 30, 2015 72,455,606     310,000
Stock issued for Advisory Fee, Value $ 3,810 99,060   $ 102,870
Stock issued for Advisory Fee, Shares 3,810,000      
Stock issued for Conversion of Debt, Value $ 10,594 119,406   130,000
Stock issued for Conversion of Debt, Shares 10,594,769      
Net loss     (634,643) (634,643)
Balance, Value at Jun. 30, 2016 $ 86,860 $ 775,929 $ (1,672,246) $ (809,457)
Balance, Shares at Jun. 30, 2016 86,860,375     310,000
XML 21 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Vapor Hub International Inc. - Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net loss $ (634,643) $ (613,997)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 31,057 22,051
Amortization of debt discount on convertible notes 348,316 3,226
Amortization of debt discount on short term note   5,902
Amortization of deferred finance costs 83,380 6,762
Amortization of derivative debt discount   6,125
Loss on extinguishment of old loans 475,575  
Change in derivative liability (254,484) 19,609
Non cash finance fees   11,875
Non cash interest for conversion of notes payable   54,341
Share based compensation for services- common stock   6,000
Share based compensation- options   10,850
Changes in operating assets and liabilities:    
Accounts receivable, increase decrease 8,631 (9,511)
Inventory, increase decrease (261,705) (127,621)
Prepaid expenses and other current assets, increase decrease 54,811 96,638
Security deposit, increase decrease (7,446) 5,267
Deferred income, increase decrease 12,255 (224,636)
Accounts payable and accrued expenses, increase decrease 282,430 289,760
Net cash used in operating activities 138,176 (437,359)
INVESTING ACTIVITIES:    
Purchase of property and equipment (5,734) (39,890)
Net cash used in investing activities (5,734) (39,890)
FINANCING ACTIVITIES:    
Payments on leased property loans (4,193) (3,772)
Payments on financed insurance premiums (73,750)  
Proceeds from related party loans 75,000 80,543
Payments on related party loans (67,903) (85,608)
Net proceeds from convertible notes payable 593,350 272,008
Payments on convertible notes payable (531,359) (70,313)
Net proceeds from short term notes payable 296,639 483,071
Payments on short term notes payable (157,295) (152,291)
Payments on auto loan payable (6,052) (2,875)
Net cash provided by financing activities 124,437 520,763
Net change in cash 256,879 43,514
Cash, beginning of period 351,081 307,567
Cash, end of period 607,960 351,081
Supplemental disclosure of cash flow information:    
Cash paid for interest 161,274 106,738
Cash paid for income taxes 800 2,400
Non-cash transactions:    
Insurance premium financing 32,878 13,001
Non cash assumption of vehicle note payable [1] 39,275
Common stock issued for convertible note payable 130,000 614,340
Non cash repayment and borrowings of short term note payable   69,054
Non-cash additions to note payable 831,256  
Debt extinguishment 715,289  
Original issue discount on notes payable   60,000
Additional debt discount 83,089  
Advisory fee paid in common stock 102,870  
Derivative liability $ 706,911 $ 48,975
[1] $36,976 vehicle cost and $2,299 prepaid warranty
XML 22 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 1- Incorporation, Nature of Operations and Acquisition
12 Months Ended
Jun. 30, 2016
Notes  
Note 1- Incorporation, Nature of Operations and Acquisition

NOTE 1- INCORPORATION, NATURE OF OPERATIONS AND ACQUISITION

 

Vapor Hub International Inc. (formerly DogInn, Inc.) (hereinafter known as “the Company”) was incorporated in the State of Nevada on July 15, 2010. On February 14, 2014, the Company entered into a Share Exchange Agreement with Vapor Hub Inc., a California corporation (“Vapor”), Delite Products, Inc., a California corporation (“Delite”) and the shareholders of both companies (the “Exchange Agreement”).  As a result of the closing of the transactions contemplated by the Exchange Agreement, Vapor and Delite became the Company’s wholly owned subsidiaries (which subsidiaries were subsequently merged into the Company on May 18, 2015, ending the separate existences of Vapor and Delite.) and the Company now carries on the business of developing, producing, marketing and selling the next generation of electronic cigarettes, known as vaping devices, and related accessories, including e-liquids, batteries and atomizers.

 

Business Overview

 

Product Description

 

Vaping devices (as well as electronic cigarettes, also known as e-cigarettes) are battery-powered products that allow users to inhale water vapor instead of the smoke, ash, tar and carbon monoxide associated with traditional cigarettes. In contrast to e-cigarettes, vaping devices are often precision manufactured from metallic materials and do not look like traditional cigarettes. Vaping devices, as compared to e-cigarettes, also offer a unique user experience as a result of greater vapor production, enriched taste, and an ability to highly customize a device with different mechanical components and fashionable accessories, including different colors and finishes.

 

Sourcing

 

The Company uses third party contract manufacturers to produce and finish its mods (“Mods”), including its Limitless Mechanical Mod, from facilities located in both Southern California and China.  The Company’s Mods, which are made from a metallic material such as steel, brass or copper, are custom machined to meet the Company’s design specifications.  Once machined, unfinished products are delivered to the Company’s location in Simi Valley or to a third party service provider to be buffed, polished and to add various treatments and embellishments, such as paint and engravings.  Finished products are then held in inventory for distribution and sale. In the Company’s fiscal year ended June 30, 2015, the Company relied on one manufacturer to machine all of its Mods and in the fiscal year ended June 30, 2016, the Company relied on two.  Although the Company has relied on a limited number of manufacturers to machine its Mods, the Company believes manufacturing capacity is available to meet its current and planned needs. The Company does not currently have any long term agreements in place for the manufacture of its Mods.

 

With respect to the Company’s custom designed atomizers which it markets and distributes globally, in the Company’s fiscal year ended June 30, 2016, the Company sourced these products from one manufacturer located in the United States.  In the Company’s fiscal year ended June 30, 2015, the Company sourced its atomizers from two manufacturers located in the United States.  The Company believes that suppliers for its atomizers are available to meet its current and planned needs.

 

The Company sources its proprietary E-liquids (such as our Binary Premium E-Liquid) from an ISO Class 7 certified manufacturer in the USA, which helps ensure their purity and quality.  In addition to sourcing its own e-liquids, the Company also purchases e-liquid from other reputable American suppliers for resale through its distribution channels.

 

Product Distribution

 

Products distributed by the Company include vaping devices and related accessories purchased from third parties for resale as well as its own vaping devices and related accessories, which it designs and sources, including its popular “Limitless Mechanical Mods”, “Limitless Box Mod” and “Limitless Atomizer”, as well as “Binary Premium e-Liquid”.

 

The Company markets and sells its vaping devices and related products to end customers through its website www.vapor-hub.com, to retail stores through direct sales both in the United States and internationally, and through third party wholesalers both in the United States and internationally who then resell the Company’s products to retailers in their territory.  Retailers of the Company’s products include vaping shops throughout the United States and in approximately 23 other countries.   The Company also distributes its products on a limited basis through convenience stores and gas stations.  In 2016 and 2015, approximately 28% and 6%, respectively, of the Company’s sales were to customers outside of the United States.  All such sales are denominated in United States Dollars, therefore, there are no foreign currency risks associated with international sales by the Company. All assets and liabilities are generated and located in the United States.

 

With respect to vaping devices and related products that the Company sells through third party wholesalers, the Company typically sells its products to these wholesalers for their re-sale on a non-exclusive basis and the Company also typically does not have long term contractual arrangements with any of its wholesalers. 

 

Operation of Retail Stores

 

The Company sells its products and those of third parties to end consumers directly through its retail location located in Simi Valley, California.  Through its retail location, the Company sells and markets vaping devices as well as e-liquid, accessories, and supplies relating to vaping devices to both novice users as well as consumers who demand high end technical devices.  October 15, 2015, the Company closed a second retail location that it previously operated in Chatsworth, California and the Company has no plans to open additional stores.

 

The Company opened its retail locations in order to create brand recognition for its products and also to enable the Company to gather information about user preferences in the rapidly evolving vaping industry.  In 2016 and 2015, the Company’s retail sales accounted for approximately 6.6% and 10% of its revenue, respectively.  

XML 23 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies
12 Months Ended
Jun. 30, 2016
Notes  
Note 2 - Summary of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 

 

This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s consolidated financial statements. The consolidated financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to GAAP and have been consistently applied in the preparation of the consolidated financial statements.

 

Basis of Presentation

 

The financial statements, and the accompanying notes, are prepared in accordance with US GAAP and pursuant to the instructions to Form 10-K of the Securities and Exchange Commission.  The Company’s fiscal year end is June 30.

 

The Company operates in one segment, in accordance with accounting guidance Financial Accounting Standards Board (“FASB”) ASC Topic 280, Segment Reporting. The Company’s Chief Executive Officer has been identified as the chief operating decision maker as defined by FASB ASC Topic 280.

 

Going Concern

 

The Company’s consolidated financial statements have been presented on the basis that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company’s cash balance as of June 30, 2016 along with its continued net losses and working capital deficit along with other factors raise substantial doubt about its ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. 

 

The Company continues to face liquidity and capital resources constraints despite generating $138,176 in cash from operations in the fiscal year ended June 30, 2016.  The Company does not believe that the proceeds from its debt facilities (see Note 7 and Note 9) along with its operating cash flows will be sufficient to meet its financing needs for the next twelve months. The extent of the Company’s future capital requirements will depend on many factors, including the Company’s results from operations and the growth rate of the Company’s business. The Company’s near term objective is to raise debt or equity capital to fund its immediate cash needs and to finance its longer term growth on terms that are more favorable than the company’s existing credit facilities. The Company is also pursuing various means to increase revenues, reduce operating costs and to improve overall cash flow.

 

The Company presently does not have any arrangements for additional financing. However, the Company continues to evaluate various financing strategies to support its current operations and fund its future growth.

 

Use of Estimates

 

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates significant estimates and assumptions related to its accounts receivable allowance, accounts payable, deferred income tax asset valuation allowances, fair value of derivative liability, fair value of stock and stock options, useful life of fixed assets, recoverability of long lived assets, inventory reserves, estimates of sales return and accrual for potential liabilities. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

 

Cash and Cash Equivalents

 

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. At June 30, 2016, the Company had no cash equivalents.

 

Concentration of Risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash. The Company places its cash with high quality banking institutions.  The Company had $295,799 in excess of FDIC insured limits.

 

The Company relied on two and one manufacturer(s) to make all of the Company’s Mods during the years ended June 30, 2016 and 2015, respectively.

 

Financial Instruments and Fair Value Measurement

 

Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

 

Level 1- applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2- applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

 

Level 3- applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

The Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, and amounts due to related parties, and derivative liabilities and convertible notes payable. Pursuant to ASC 820, the fair value of the Company’s cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. Pursuant to ASC 820, the fair value of the Company’s derivative liability is determined based on “Level 3” inputs, which consist of unobservable inputs. The Company believes that the recorded values of all of its other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

 

Revenue Recognition

 

The Company recognizes revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.

 

For retail transactions, revenue is recognized at the point of sale. For wholesale and online transactions, revenue is recognized at the time goods are shipped.

 

Shipping and Handling

 

Payments by customers to the Company for shipping and handling costs are included in revenue on the statements of operations, while the Company’s expense is included in cost of goods sold. Shipping and handling for inventory is included as a component of inventory on the balance sheets, and in cost of revenues in the statements of operations when the product is sold.

 

Deferred Income

 

The Company accrues deferred income when customer payments are received, but product has not yet shipped. As of June 30, 2016 and 2015, the Company had recorded $94,754 and $82,499, respectively for deferred income as a result of prepayments for product made by customers. Those prepayments are recognized into revenue at the point those prepaid products have subsequently shipped. The Company recognized the $82,499 into revenue during the year ended June 30, 2016. The Company expects to recognize the $94,754 into revenue during the following fiscal year.

 

Inventories

 

Inventories consist primarily of vaping devices, electronic cigarettes, e-liquid and related supplies and accessories and are stated at the lower of cost (first-in, first-out) or market value.

 

Property and Equipment

 

Property and equipment consists of computer equipment, furniture, facility equipment, and leasehold improvements which are carried at historical cost and are depreciated over the estimated useful lives of the related assets. Estimated useful lives are from 3 to 10 years. Expenditures for maintenance and repairs are charged against operations. The modified accelerated cost recovery system (straight line) is used for federal income tax purposes and also for financial reporting as the difference between the two does not appear to be material.

 

Impairment of Long-lived Assets and Goodwill

 

The Company evaluates goodwill for impairment annually in the fourth quarter, and whenever events or changes in circumstances indicate it is more likely than not that the fair value of a reporting unit containing goodwill is less than its carrying amount.  The goodwill impairment test consists of a two-step process, if necessary. The first step is to compare the fair value of a reporting unit to its carrying value, including goodwill. The Company typically uses discounted cash flow models to determine the fair value of a reporting unit. The assumptions used in these models are consistent with those the Company believes hypothetical marketplace participants would use. If the fair value of the reporting unit is less than its carrying value, the second step of the impairment test must be performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill.

 

The Company periodically evaluates whether the carrying value of property, equipment and intangible assets has been impaired when circumstances indicate the carrying value of those assets may not be recoverable.  The carrying amount is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset.  If the carrying value is not recoverable, the impairment loss is measured as the excess of the asset’s carrying value over its fair value.

 

The Company’s impairment analyses require management to apply judgment in estimating future cash flows as well as asset fair values, including forecasting useful lives of the assets, assessing the probability of different outcomes, and selecting the discount rate that reflects the risk inherent in future cash flows. If the carrying value is not recoverable, the Company assess the fair value of long-lived assets using commonly accepted techniques, and may use more than one method, including, but not limited to, recent third party comparable sales and discounted cash flow models.  If actual results are not consistent with the Company’s assumptions and estimates, or the Company’s assumptions and estimates change due to new information, the Company may be exposed to an impairment charge in the future.

 

Advertising Expense

 

Advertising costs are expensed as incurred. Advertising expense for the year ended June 30, 2016 and 2015 were $106,734 and $140,771, respectively and are included in general and administrative expenses.

 

Debt

 

The Company issues debt that may have separate warrants, conversion features, or no equity-linked attributes.

 

Convertible debt – derivative treatment – When the Company issues debt with a conversion feature, the Company must first assess whether the conversion feature meets the requirements to be treated as a derivative, as follows:  a) one or more underlyings, typically the price of our common stock; b) one or more notional amounts or payment provisions or both, generally the number of shares upon conversion; c) no initial net investment, which typically excludes the amount borrowed; and d) net settlement provisions, which in the case of convertible debt generally means the stock received upon conversion can be readily sold for cash. An embedded equity-linked component that meets the definition of a derivative does not have to be separated from the host instrument if the component qualifies for the scope exception for certain contracts involving an issuer’s own equity.  The scope exception applies if the contract is both a) indexed to its own stock; and b) classified in stockholders’ equity in its statement of financial position.

 

If the conversion feature within convertible debt meets the requirements to be treated as a derivative, the Company estimates the fair value of the convertible debt derivative using Black-Scholes upon the date of issuance.  If the fair value of the convertible debt derivative is higher than the face value of the convertible debt, the excess is immediately recognized as interest expense.  Otherwise, the fair value of the convertible debt derivative is recorded as a liability with an offsetting amount recorded as a debt discount, which offsets the carrying amount of the debt.  The convertible debt derivative is revalued at the end of each reporting period and any change in fair value is recorded as a gain or loss in the statement of operations.  The debt discount is amortized through interest expense over the life of the debt.

 

Convertible debt – beneficial conversion feature – If the conversion feature is not treated as a derivative, the Company assess whether it is a beneficial conversion feature (“BCF’).  A BCF exists if the conversion price of the convertible debt instrument is less than the stock price on the commitment date.  This typically occurs when the conversion price is less than the fair value of the stock on the date the instrument was issued.  The value of a BCF is equal to the intrinsic value of the feature, the difference between the conversion price and the common stock into which it is convertible, and is recorded as additional paid in capital and as a debt discount in the balance sheet.  The Company amortizes the balance over the life of the underlying debt as amortization of debt discount expense in the consolidated statement of operations.  If the debt is retired early, the associated debt discount is then recognized immediately as amortization of debt discount expense in the statement of operations.

 

If the conversion feature does not qualify for either the derivative treatment or as a BCF, the convertible debt is treated as traditional debt.

 

Accounting for Derivatives Liabilities

 

The Company evaluates contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40, Derivative Instruments and Hedging: Contracts in Entity’s Own Equity. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date. See Note 8 for disclosure of derivatives and their valuation related to various convertible debt agreements.

 

Modification of Debt Instruments

 

Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different.  The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument.  The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test.  If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.

 

Deferred Financing Costs, Net

 

Costs with respect to the issuance of common stock, warrants, stock options or debt instruments by the Company are initially deferred and ultimately offset against the proceeds from such equity transactions or amortized to interest expense over the term of any debt funding, if successful, or expensed if the proposed equity or debt transaction is unsuccessful.

 

For the year ending June 30, 2016, the Company incurred $199,750 in costs in connection with the negotiation of a financing transaction with TCA Global Credit Master Fund, LP. The unamortized finance costs for the years ended June 30, 2016 and 2015 were $133,167 and $39,654 respectively. 

 

Basic and Diluted Net Income per Share

 

The Company computes net income per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants or debentures. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of June 30, 2016 and 2015, there were no dilutive securities as the Company had incurred net losses.

 

Income Taxes

 

The Company accounts for income taxes under the provisions of ASC Topic 740-10, Income Taxes, which requires the Company to recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined and income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes determined on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. As of June 30, 2016 and 2015, the Company has federal and state net operating loss carry forwards of approximately $746,000 and $463,000, respectively, which will begin to expire in 2030 unless utilized in earlier years.

 

When there are uncertainties related to potential income tax benefits, in order to qualify for recognition, the position the Company takes has to have at least a “more likely than not” chance of being sustained (based on the position’s technical merits) upon challenge by the respective authorities. The term “more likely than not” means a likelihood of more than 50 percent. Otherwise, the Company may not recognize any of the potential tax benefit associated with the position. The Company recognizes a benefit for a tax position that meets the “more likely than not” criterion at the largest amount of tax benefit that is greater than 50 percent likely of being realized upon its effective resolution. Unrecognized tax benefits involve management’s judgment regarding the likelihood of the benefit being sustained. The final resolution of uncertain tax positions could result in adjustments to recorded amounts and may affect our results of operations, financial position and cash flows.

 

The Company reviews its filing positions for all open tax years in all U.S. federal and state jurisdictions where the Company is required to file. The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The tax years subject to examination by major tax jurisdictions include the 2011 Fiscal Period and forward by the U.S. Internal Revenue Service, and the 2011 Fiscal Period and forward for various states.

 

Stock Based Compensation

 

Issuances of the Company’s common stock for acquiring goods or services are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The measurement date for the fair value of the equity instruments issued to consultants or vendors is determined at the earlier of (i) the date at which a commitment for performance to earn the equity instruments is reached (a “performance commitment” which would include a penalty considered to be of a magnitude that is a sufficiently large disincentive for nonperformance) or (ii) the date at which performance is complete. However, situations may arise in which counter performance may be required over a period of time but the equity award granted to the party performing the service is fully vested and non-forfeitable on the date of the agreement. As a result, in this situation in which vesting periods do not exist as the instrument is fully vested on the date of agreement, the Company determines such date to be the measurement date and will record the estimated fair market value of the instrument granted as a prepaid expense and amortize such amount to general and administrative expense in the accompanying statement of operations over the contract period. When it is appropriate for the Company to recognize the cost of a transaction during financial reporting periods prior to the measurement date, for purposes of recognition of costs during those periods, the equity instrument is measured at the then-current fair values at each of those interim financial reporting dates.

 

For purposes of determining the variables used in the calculation of stock compensation expense under the provisions of FASB ASC Topic 505, “Equity” and FASB ASC Topic 718, “Compensation — Stock Compensation,” the Company performs an analysis of current market data and historical Company data to calculate an estimate of implied volatility, the expected term of the option and the expected forfeiture rate. With the exception of the expected forfeiture rate, which is not an input, the Company uses these estimates as variables in the Black-Scholes option pricing model. Depending upon the number of stock options granted, any fluctuations in these calculations could have a material effect on the results presented in the Company’s consolidated statements of operations. In addition, any differences between estimated forfeitures and actual forfeitures could also have a material impact on the Company’s financial statements. For the years ended June 30, 2016 and 2015, the Company had $0 and $10,850, respectively, of stock based compensation relating to employees.

 

Non-Cash Equity Transactions

 

Shares of equity instruments issued for non-cash consideration are recorded at the fair value of the consideration received based on the market value of services to be rendered, or at the value of the stock given, considered in reference to current market price.

 

Recent Accounting Pronouncements

 

In August 2016 the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). ASU 2016-15 will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017. The new standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.

 

In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently in the process of evaluating the impact of the adoption on its financial statements.

 

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance.

 

In November 2015, the FASB issued ASU 2015-17, which simplifies the presentation of deferred tax assets and liabilities on the balance sheet.  Previous GAAP required an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet.  The amendment requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet.  This ASU is effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018.  The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.

 

In September 2015, the FASB issued ASU 2015-16, which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This ASU is effective for interim and annual reporting period beginning after December 15, 2016, including interim periods within those fiscal years, with the option to early adopt for financial statements that have not been issued. The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.

 

In July 2015, the FASB issued ASU 2015-11, which requires an entity to measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments apply to inventory that is measured using first-in, first-out (FIFO) or average cost. This ASU is effective for interim and annual reporting periods beginning after December 15, 2016, with the option to early adopt as of the beginning of an annual or interim period. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.

 

In April 2015, the FASB issued ASU 2015-03, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.

 

The Company has reviewed other recent accounting pronouncements issued prior to the date of issuance of its financial statements included in this report, and does not believe any of these pronouncements will have a material impact on its consolidated financial statements.

XML 24 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 3 - Capital Stock
12 Months Ended
Jun. 30, 2016
Notes  
Note 3 - Capital Stock

NOTE 3 – CAPITAL STOCK

 

The Company is authorized to issue 1,010,000,000 shares of common stock and had 86,860,375 and 72,455,606 shares of common stock issued and outstanding as of June 30, 2016 and 2015, respectively. On February 2, 2015, the Board of Directors of the Company approved an Amended and Restated Articles of Incorporation of the Company (the “Amended and Restated Articles”) and the Amended and Restated Articles were filed by the Company with the Secretary of State of the State of Nevada on February 5, 2015. The Amended and Restated Articles increase the authorized number of shares of common stock, par value $0.001, of the Company from 140,000,000 shares to 1,010,000,000.

 

The Company is also authorized to issue 10,000,000 shares of preferred stock and had no shares of preferred stock issued and outstanding as of June 30, 2016. On February 2, 2015, the Company filed a Certificate of Withdrawal of Certificate of Designation (“Certificate of Withdrawal”) with the Secretary of State of the state of Nevada. The certificate withdraws the Certificate of Designation filed by the Company on January 9, 2014, which designated all of the Company’s preferred stock as “Series A Preferred Stock.” Following the filing of the Certificate of Withdrawal, the Company has 10,000,000 shares of undesignated preferred stock, par value $0.001, available for future designation by the Company’s Board of Directors.

 

On March 10, 2015 the Company entered into an independent contractor agreement with a service provider. Pursuant to the terms of the agreement, the Company agreed to grant the service provider 300,000 non-forfeitable, fully vested shares of its common stock, valued at $6,000 (based on the estimated fair market value of the shares on March 10, 2015, the date of grant) as partial consideration for the services provided to the Company pursuant to the terms of the agreement.

 

On June 30, 2015, the Company converted the Gotama Capital S.A. convertible promissory notes with an aggregate balance of $614,340 at a price of $0.15 per share, representing the entire principal amount and all accrued interest of the three convertible promissory notes issued to Gotama Capital S.A., into an aggregate of 4,095,605 shares of the Company’s common stock, par value $0.001 per share.

 

On December 25, 2015, the Company issued to TCA Global Credit Master Fund, LP 3,810,000 shares of its common stock as partial consideration for advisory services rendered to the Company (see Note 7).

 

During 2016, the Company issued to Typenex Co-Investment, LLC shares of its common stock as partial payment of the Company’s outstanding debt obligations to Typenex as follows (see Note 7):

 

Date of Issuance

Number of Shares of Common Stock

Conversion Price

Consideration

February 16, 2016

918,386

$0.016333

Conversion of $15,000.00 of debt.

March 15, 2016

918,386

$0.016333

Conversion of $15,000.00 of debt.

April 15, 2016

3,160,556

$0.015820

Conversion of $50,000.00 of debt.

May 15, 2016

5,597,441

$0.008754

Conversion of $49,000.00 of debt.

 

Stock-Option Plans

 

On February 2, 2015, the Company adopted its 2015 Omnibus Incentive Plan (the “2015 Plan”).  The 2015 Plan provides for the grant of stock options (both incentive stock options and non-qualified stock options), restricted stock, restricted stock units, stock appreciation rights, performance-based awards, dividend equivalents, stock payments and deferred stock units to eligible participants. Eligible participants include officers, employees, non-employee directors and certain consultants and advisers. The aggregate number of shares of the Company’s common stock authorized for issuance under the 2015 Plan is 20,400,000, subject to adjustment as described in the 2015 Plan. The outstanding options (each of which were granted on June 30, 2015) each have an exercise price of $0.0419 per share of Common Stock.

 

The Company estimates the fair value of each option on the grant date using the Black-Scholes model.  The following assumptions were made in estimating the fair value:

 

 

 

2015

 

Annual dividend yield

 

-

 

Expected life (years)

 

5

 

Risk-free interest rate

 

1.63%

 

Expected volatility

 

121.10%

 

Fair value of options granted

 

0.035

 

 

The expected volatility was estimated by calculating the standard deviation of daily price changes in the Company’s stock from the Company’s date of inception to the date of the grant and the five-year constant maturity treasury rate on the date of the grant was used for the risk free rate. Stock-based compensation expense is recognized over the employees’ or service provider’s requisite service period, generally the vesting period of the award. Stock-based compensation expense included in the accompanying statements of operations for the years ending June 30, 2016 and 2015 was $0 and $10,850, respectively.

 

A summary of stock option activity is as follows:

 

 

 

Number of Shares

 

Weighted Average Exercise Price

 

Outstanding at July 1, 2014

 

-

$

-

 

Granted

 

310,000

 

0.0419

 

Exercised

 

-

 

-

 

Forfeited

 

-

 

-

 

Outstanding at June 30, 2015

 

310,000

$

0.0419

 

Granted

 

-

 

-

 

Exercised

 

-

 

-

 

Forfeited

 

-

 

-

 

Outstanding at June 30, 2016

 

310,000

$

0.0419

 

 

 

 

 

 

 

 

All the 310,000 options outstanding at June 30, 2016 and 2015 were fully vested on the grant date, have an exercise price of $0.0419, a weighted average remaining life of 9 years, and an aggregate intrinsic value at $0.00 price per share at June 30, 2016.

 

Warrant Issuance

 

During the period from inception (July 12, 2013) to June 30, 2014, the Company received a fee of $30,000 in exchange for the right of an unaffiliated third party to share in 10% of the net profits derived from operations of the Chatsworth Vapor Hub lounge. The profit sharing arrangement was terminated on February 23, 2016 in exchange for the payment by the Company of $15,000 and the issuance by the Company of a warrant exercisable on or before February 23, 2020 to purchase 100,000 shares of the Company’s common stock at an exercise price per share of $0.15.  The Company valued the warrant using the Black Scholes Option Pricing Model resulting in a de-minimis fair market value.  The inputs used for the Black Scholes calculation were: stock price of $0.03, exercise price of $0.15, volatility of 218% and risk free interest rate of 0.23%.  Prior to the termination of the profit sharing arrangement, no amounts had been earned and no obligations were due under the arrangement.   There are no other warrants outstanding as of June 30, 2016.

XML 25 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 4 - Inventories
12 Months Ended
Jun. 30, 2016
Notes  
Note 4 - Inventories

NOTE 4 – INVENTORIES

 

As of June 30, 2016 and 2015, the Company had a balance of $585,489 and $323,784, respectively, as inventories which consist of vaping devices, electronic cigarettes, e-liquid, related supplies, and accessories. There was no reserve for inventory obsolescence as of either June 30, 2016 or 2015.

XML 26 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 5 - Lease Commitments
12 Months Ended
Jun. 30, 2016
Notes  
Note 5 - Lease Commitments

NOTE 5 – LEASE COMMITMENTS

 

The Company entered into a lease agreement with S. J. Real Estate Group, LLC to lease a retail space in Chatsworth, California, effective September 13, 2013. The lease term was for two years with a monthly lease payment of $2,214. Effective October 15, 2015, the Company and the landlord agreed to terminate the lease and the Company closed its retail store located at the location. The Company has no further obligation due under the lease agreement.

 

On February 28, 2015, the Company entered into a lease agreement with landlord Samantha Carrington to provide retail space for its Simi Valley retail location and on April 1, 2015, the Simi Valley retail location opened at the new premises. The lease term extends through March 31, 2017 with a monthly lease payment of $3,190. The Company has a remaining commitment under this lease as of June 30, 2016 of $28,710 and a security deposit of $6,380 was paid to the landlord in relation to this lease.

 

The Company entered into a lease agreement with S.B.P.W., LLC to lease warehouse and office space in Simi Valley, California effective August 5, 2013 which agreement was subsequently amended on February 20, 2014. The lease term extended through April 30, 2015 with a monthly lease payment of $2,035 which increased to $4,070 effective July 1, 2014. On September 1, 2015, the Company terminated this lease and surrendered its facility at 67 W Easy St., Unit 115, Simi Valley, CA 93065.  The Company has no further obligation due under the lease agreement.

 

On September 1, 2015, the Company entered into a Commercial Lease Agreement with the Winther Family Trust, pursuant to which the Company leases property located at 1871 Tapo Street, Simi Valley, CA 93065 (the “Premises”), for a term of 60 months commencing on September 1, 2015. The Company will pay a base rent of $5,650 per month for the duration of the term and also made a security deposit in the same amount. The Premises is replacing the Company’s prior facility located at 67 W. Easy St., Unit 115, Simi Valley, CA 93065 and will serve as the Company’s primary office location. In addition to providing office space, the approximately 5,000 square foot facility will also be used for warehousing and shipping.  The lessor of the Premises, the Winther Family Trust, is controlled by Niels Winther and Lori Winther. Both Niels Winther and Lori Winther are Directors of the Company, and Lori Winther also serves as the Company’s Chief Financial Officer and Secretary.

 

On September 15, 2015, the Company entered into a lease agreement with Santa Susana Business Center, LLC to lease warehouse and office space at 4685 Runway Street, Unit D, Simi Valley, CA 93063. The lease term extends through September 30, 2017 with a monthly lease payment of $1,716 and increasing to $1,802 on October 1, 2016. The Company has a remaining commitment under this lease of $26,772 as of June 30, 2016 and a security deposit of $1,716 was paid to the landlord in relation to this lease. 

 

Rent expense for the years ended June 30, 2016 and 2015 was $133,664 and $92,185, respectively.

XML 27 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 6 - Related Parties
12 Months Ended
Jun. 30, 2016
Notes  
Note 6 - Related Parties

NOTE 6 – RELATED PARTIES

 

As of June 30, 2016 and June 30, 2015, the Company had a balance of $103,409 and $96,312, respectively, outstanding as related party loans from Kyle Winther, the Company’s CEO, Lori Winther, the Company’s CFO and Winther & Company, CPAs (an entity owned by Lori Winther, and her husband, Niels Winther, CPA, who is a director of the Company), as well as Chase Bank Line of Credit (which was extended to the Company, though owed personally by Niels and Lori Winther). The outstanding balances are unsecured, non-interest bearing and repayable upon demand. 

 

From time to time the Company will engage the services of Winther & Co. an accounting firm owned by the husband of the Company’s CFO. Winther & Co. provides bookkeeping, accounting and tax services to the Company. For the years ended June 30, 2016 and 2015, the Company incurred approximately $56,180 and $82,000, respectively, in fees with Winther & Co. As of June 30, 2016 and June 30, 2015 the Company had Accounts Payable outstanding to related parties for accounting fees of $0 and $12,369, respectively. 

 

Reference is also made to the Commercial Lease Agreement with the Winther Family Trust described in Note 5.

XML 28 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 7 - Convertible Notes Payable
12 Months Ended
Jun. 30, 2016
Notes  
Note 7 - Convertible Notes Payable

NOTE 7 – CONVERTIBLE NOTES PAYABLE

 

Note Holder

Balance June 30, 2015

 

Unamortized Original

Derivative Discount

Unamortized Original Issue Discount

Balance of

Debt Discount

 

Balance, net of Discount 6/30/2015

Typenex Co-Investment, LLC

 $163,131

 $  (27,718)

 $ (14,594)

 $ (42,313)

 $  120,818

Typenex Co-Investment, LLC

        89,057

     (15,132)

      (2,652)

    (17,784)

        71,273

Total Convertible Notes Payable

 $252,188

 $  (42,850)

 $ (17,246)

 $ (60,097)

 $  192,091

 

 

Note Holder

Balance

June 30, 2016

Unamortized Original

Derivative Discount

Balance

net of Derivative Discount 6/30/16

Iliad Co Loan Payable

$        272,250

 

    $                   -

 

 

$   272,250

TCA Global Loan Payable

659,409

          (483,120)

  176,289

Total Convertible Notes Payable

$       931,659

    $    (483,120)

     $  448,539

 

Description of Outstanding Convertible Note Obligations

 

Iliad Co-Investment Note

 

On August 12, 2015, the Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with Iliad Research & Trading, L.P, a Utah limited liability partnership (“Iliad”), pursuant to which the Company concurrently issued to the investor an unsecured non-convertible Promissory Note in a principal amount of $245,000 (the “Original August Note”). The principal amount includes an original issue discount of $40,000 plus an additional $5,000 to cover the investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the transaction. In consideration for the Original August Note, the investor paid an aggregate cash purchase price of $200,000, computed as follows: $245,000 original principal balance, less the original issue discount of $40,000, and less the transaction costs.  The Original August Note was originally scheduled to mature on February 12, 2016 and the Company could prepay all or a portion of the amount owed earlier than it is due without penalty. The original issue discount of $40,000 was recorded as debt discount and fully amortized to interest expense during the fiscal year ended June 30, 2016. 

 

Interest did not accrue on the unpaid principal balance of the Original August Note unless an event of default occurred.  Upon the occurrence of an event of default, the outstanding balance of the Original August Note will bear interest at the lesser of the rate of 18% per annum or the maximum rate permitted by applicable law.  In addition, if an event of default occurs under the Original August Note, the investor may declare all unpaid principal, plus all accrued interest and other amounts due under the Original August Note to be immediately due and payable at an amount equal to 115% of the outstanding balance of the Original August Note as of the date of the applicable event of default, plus all interest, fees and charges that may accrue on such outstanding balance thereafter.  

 

On February 19, 2016, the Company entered into an Amendment to Promissory Note with Iliad which extended the maturity date of the Original August Note to April 12, 2016 and increased the principal amount of the note by $2,500 as consideration for the extension. The Company evaluated the Amendment to Promissory Note under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”), noting it did not meet the criteria for substantial modification under ASC 470, and accordingly treated the amendment as a modification to the Original August Note, adding $2,500 to the balance and extending the due date under the modified terms.

 

On May 12, 2016 but effective as of April 15, 2016, the Company entered into an Exchange Agreement with Iliad (the “Exchange Agreement”). Pursuant to the Exchange Agreement, the Company and Iliad exchanged the Original August Note for a new promissory note in the original principal amount of $272,250 (the “Exchange Note”), which balance includes an exchange fee of $24,750.  The Company evaluated the Exchange Agreement under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”), noting it met the criteria for substantial modification under ASC 470, and accordingly treated the Exchange Agreement as an extinguishment of debt and recorded a loss of extinguishment of debt of $54,225.  The related derivative liability was also extinguished (see Note 8 for further discussion).  The Exchange Note was issued in substitution of and not in satisfaction of the Original August Note. 

 

The Exchange Note provided that the Company was to make the following payments to Iliad: (a) a payment in shares of the Company’s common stock within three trading days of June 15, 2016 based on a note conversion amount of $50,000 and a conversion price that was equal to 70% of the average of the three lowest closing bid prices of the Company’s common stock in the twenty trading days immediately preceding such conversion (this payment of shares was not made by the Company as a result of a subsequent note amendment, see Note 14); and (b) a payment equal to the remaining aggregate outstanding balance of the Exchange Note on or before July 15, 2016, which payment must be made in cash.  The Company identified an embedded derivative liability in the Exchange Note with an original estimated fair market value of $29,475 and recorded this as a derivative liability. See Note 8 for a discussion relating to the original derivative liability and re-measurement of such derivate liability and Note 14 for a discussion of a further modification to this facility.

 

As of June 30, 2016, the outstanding balance on the Exchange Note was $272,250. 

 

TCA Global Credit Master Fund, LP Note December 2015

 

On December 24, 2015, the Company entered into a Senior Secured Credit Facility Agreement (the “Loan Agreement”) with TCA Global Credit Master Fund, LP (“TCA”).  At the initial closing on December 24, 2015, the Company issued to TCA a Convertible Promissory Note in the principal amount of $750,000 (the “TCA Note”).  The TCA Note is scheduled to mature on June 24, 2017 (the “Maturity Date”).  At any time prior to the Maturity Date or the earlier termination of the Loan Agreement, the Company can request up to $9,250,000 of additional loans, which additional loans may be made in the sole discretion of TCA.  The Company may prepay borrowings at any time, in whole or in part, without penalty.  Upon origination, the Company recorded a debt discount of $750,000 and amortized $266,880 during the year ended June 30, 2016, leaving an unamortized balance of $483,120.

 

The loan will accrue interest on the unpaid principal balance at an annual rate of 18%.  The Company made interest only payments of $11,250 on each of January 24, February 24 and March 24, 2016, and thereafter, will make payments of approximately $56,208 of principal and interest per month until the Maturity Date.  In the event the Company is in default under the loan agreement with TCA or any related transaction document, including as a result of a default in the Company’s payment obligations, any amount due to TCA under the facility will, at TCA’s option, bear interest from the date due until such past due amount is paid in full at an annual rate of 22%.  In addition, upon the occurrence and during the continuance of an event of default under the transaction documents, TCA may terminate its commitments to the Company and declare all of the Company’s obligations to TCA to be immediately due and payable.

 

While the Note is outstanding, but only upon the occurrence of (i) an event of default under the loan agreement with TCA or any related transaction document or (ii) the Company’s mutual agreement with TCA, TCA may convert, subject to certain beneficial ownership limitations, all or any portion of the outstanding principal, accrued and unpaid interest and any other sums due and payable under the Note or any other transaction document (such total amount, the “Conversion Amount”) into a number of shares of the Company’s common stock equal to: (i) the Conversion Amount divided by (ii) eighty-five percent (85%) of the lowest of the daily volume weighted average price of the Company’s common stock during the five business days immediately prior to the conversion date (the “Conversion Shares”).  Upon liquidation by TCA of Conversion Shares, if TCA realizes a net amount from such liquidation equal to less than the Conversion Amount, the Company is obligated to issue to TCA additional shares of the Company’s common stock equal to: (a) the Conversion Amount minus the net realized amount, divided by (b) the average volume weighted average price of the Company’s common stock during the five business days immediately prior to the date upon which TCA requests additional shares.  The Company accounted for the conversion feature as a derivate liability (see Note 8 for further discussion).

 

The payment and performance of all the Company’s indebtedness and other obligations to TCA, including all borrowings under the loan agreement and related agreements, are secured by liens on substantially all of the Company’s assets pursuant to a Security Agreement.

 

Of the proceeds received at the initial closing, approximately $106,000 was used to pay in full all indebtedness outstanding under the Company’s Business Loan and Security Agreement with B of I Federal Bank (the “Bank”), entered into on November 3, 2015.  Upon repayment of the Company’s indebtedness under the Business Loan and Security Agreement, the Bank released its liens on the Company’s assets.  After the payment of approximately $51,000 of fees and cash expenses to TCA in connection with the loan transaction, the Company received net proceeds of approximately $593,000. As of June 30, 2016 the outstanding balance of the TCA Note was $659,409.

 

In connection with the Loan Agreement, the Company agreed to pay to TCA a fee for advisory services provided to the Company prior to the entry into the Loan Agreement in the amount of $126,000 (the “Advisory Fee”).  As partial payment of the Advisory Fee, the Company issued to TCA 3,810,000 shares of the Company’s common stock on December 24, 2015 (the “Advisory Fee Shares”), representing 4.99% of the Company’s issued and outstanding shares of common stock on such date.  In the event that TCA receives net proceeds from the sale of such shares that are less than the Advisory Fee, TCA may require the Company to issue additional shares of common stock in an amount sufficient such that, when sold and the net proceeds from such sale are added to the net proceeds from the sale of any of the previously issued and sold Advisory Fee Shares, TCA shall have received total net funds equal to the Advisory Fee.  Notwithstanding the foregoing, subject to certain conditions, the Company has the right to redeem the Advisory Fee Shares then in TCA’s possession for an amount payable in cash equal to the Advisory Fee, less any net cash proceeds received by TCA from previous sales of Advisory Fee Shares.  In the event TCA has not realized net proceeds from the sale of Advisory Fee Shares equal to at least the Advisory Fee by the earlier to occur of: (i) December 24, 2016; (ii) the occurrence of an event of default under the transaction documents; or (iii) the Maturity Date, then at any time thereafter, TCA has the right to require the Company to redeem all of the Advisory Fee Shares then in TCA’s possession for cash equal to the Advisory Fee, less any cash proceeds received by TCA from any previous sales of Advisory Fee Shares.  The Advisory Fee was recorded as a deferred finance fee of $126,000 and the Company amortized $42,000 during the year ended June 30, 2016, leaving an unamortized balance of $84,000.  The Company determined that the Conversion feature of the TCA Note and the Advisory Fee meets the definition of an embedded derivative that should be separated and accounted for as a derivative liability. See Note 8 for a discussion relating to derivative liability.

 

Description of Terminated Convertible Note Obligations

 

Notes Issued to Gotama Capital S.A.

 

On March 14, 2014, the Company closed the first of three tranches of a financing transaction pursuant to the terms of the Exchange Agreement. At the closing, the Company issued a convertible promissory note in the principal amount of $185,000 to Gotama Capital S.A. in exchange for cash proceeds of $185,000. The note bore interest at a rate of 8% per annum, with interest being payable on May 15th of each year that the note remained outstanding. The principal amount of the note was convertible at any time, in whole or in part, at the Company’s election or the election of the holder into shares of the Company’s common stock at a price equal to the greater of $0.15 or 90% of the average closing prices of the Company’s common stock for the ten trading days immediately preceding the applicable conversion date. Unless earlier converted or repaid, the principal amount of the note was due and payable on March 14, 2017. On April 10, 2014, the Company closed the second tranche of the financing contemplated pursuant to the terms of the Exchange Agreement. At the closing, the Company issued a convertible promissory note in the principal amount of $200,000 to the same investor in exchange for cash proceeds of $200,000. The note had the same terms as the note described above, except that unless earlier converted or repaid, the principal amount of the note was due and payable on April 10, 2017. On May 19, 2014, the Company closed the third tranche of the financing contemplated pursuant to the terms of the Exchange Agreement. At the closing, the Company issued a convertible promissory note in the principal amount of $175,000 to the same investor in exchange for cash proceeds of $149,881 and $25,000 of expenses paid on behalf of the Company, which the Company immediately recorded as its own expense. The note had the same terms as the notes described above, except that unless earlier converted or repaid, the principal amount of the note was due and payable on May 19, 2017.

 

On June 30, 2015, the Company converted $614,340 at a price of $0.15 per share, representing the entire principal amount of $560,000 and all accrued interest in the amount of $54,340 on the three convertible promissory notes issued to Gotama Capital S.A., into an aggregate of 4,095,605 shares of the Company’s common stock, par value $0.001 per share.  As a result of the conversion, the three notes issued to Gotama Capital are no longer outstanding.

 

Note Issued to Typenex Co-Investment, LLC in November, 2014

 

On November 4, 2014, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with Typenex Co-Investment, LLC, a Utah limited liability company (the “Investor”), pursuant to which the Company concurrently issued to Investor a Secured Convertible Promissory Note in a principal amount of $1,687,500 (the “November Note”).  The outstanding balance of this note as of June 30, 2016 and 2015 was $0 and $252,188, respectively.  As of June 30, 2015, the unamortized debt discount balance was $60,096, the Company amortized $7,337 during the year ended June 30, 2016, leaving an unamortized debt discount of $52,759 which was recorded to loss on extinguishment of debt upon extinguishment of the November Note.

 

As further described below, on December 18, 2015 the company entered into a Note Settlement Agreement relating to the November Note. 

 

Typenex Co-Investment June 2015 Note (See Note 9)

On June 4, 2015, the Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with Typenex Co-Investment, LLC, a Utah limited liability company, pursuant to which the Company concurrently issued to the investor an unsecured non-convertible Promissory Note in a principal amount of $245,000 (the “June Note”).   In consideration for the June Note, the investor paid an aggregate cash purchase price of $200,000, computed as follows: $245,000 original principal balance, less the original issue discount of $40,000, and less the transaction costs.  The June Note matured on December 4, 2015 and, as further described below, on December 18, 2015 the company entered into a Note Settlement Agreement relating to the June Note.  As of June 30, 2015 the outstanding balance on the June Note was $245,000 and as of June 30, 2016, the outstanding balance on the June Note was $0.  As of June 30, 2015, the unamortized debt discount balance was $34,098 and the Company amortized $34,098 during the year ended June 30, 2016, leaving an unamortized debt discount of $0.

 

                Note Settlement Agreement relating to the November Notes and the June Note

 

On December 18, 2015, the Company and Typenex Co-Investment, LLC (the “Investor”) entered into a Note Settlement Agreement. The Note Settlement Agreement relates to the November Note and the June Note (collectively, the “Modified Notes”).  

 

The Note Settlement Agreement restructured the payment provision of the notes, including the June Note which was due and payable in full on December 4, 2015.  The Company was to have made $50,000 monthly payments beginning December 15, 2015 and the remaining outstanding balance was to have been paid on or before March 15, 2016.  This payment schedule was amended on February 19, 2016 (see below for a description of the Amendment to Note Settlement Agreement).

 

As consideration for Investor’s agreement to enter into the Note Settlement Agreement, the Company agreed to increase the outstanding balance of each note by 15% (the “Restructure Effect”). Following the application of the Restructure Effect and including a $5,000 transaction expense fee, the outstanding balance of the November Note was $107,443 and the outstanding balance of the June Note was $281,750.  The Company identified a derivative liability associated with the Note Settlement Agreement (See Note 8 below).

  

The Company evaluated the Note Settlement Agreement under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”). ASC 470 requires modifications to debt instruments to be evaluated to assess whether the modifications are considered “substantial modifications”. A substantial modification of terms shall be accounted for like an extinguishment. For extinguished debt, a difference between the re-acquisition price and the net carrying amount of the extinguished debt shall be recognized currently in income of the period of extinguishment as losses or gains. The Company noted the change in terms per the Note Settlement Agreement, met the criteria for substantial modification under ASC 470, and accordingly treated the modification as extinguishment of the original November Note and June Note, replaced by the new convertible note under the modified terms. The Company recorded a loss on extinguishment of debt of $427,848 (which includes the unamortized debt discount of $52,759 noted above) during the year ended June 30, 2016, including true-up shares of 3,432,068 accrued in the amount of approximately $36,000 in the accompanying balance sheet (See Note 14).

 

Amendment to Note Settlement Agreement

 

On February 19, 2016, the Company entered into an Amendment to Note Settlement Agreement (the “Settlement Agreement Amendment”) with Investor.  The Settlement Agreement Amendment relates to the Note Settlement Agreement (the “Original Agreement”) entered into between the parties on December 18, 2015.   

 

The Original Agreement, as amended by the Settlement Agreement Amendment, restructures the payment provision of the Modified Notes.  The Settlement Agreement Amendment restructures the payment provisions contained in the Original Agreement and provides that the Company is to make the following payments to Investor, in lieu of the previously agreed to $50,000 cash payments, notwithstanding the terms of the Modified Notes (the “Restructure”): (a) a cash payment in the amount of $35,000 payable upon execution of the Settlement Agreement Amendment together with 918,386 shares of the Company’s common stock (subject to adjustment as described in the Settlement Agreement Amendment) based on a note conversion amount of $15,000 and a conversion price of $0.016333, which shares are to be issued and delivered pursuant to the terms of the Settlement Agreement Amendment and (b) a cash payment on or before March 15, 2016 in the amount of $35,000 together with shares of the Company’s common stock based on a note conversion amount of $15,000 and a conversion price of $0.016333, which 918,386 shares were issued and delivered pursuant to the terms of the Settlement Agreement Amendment; and (c) a payment equal to the remaining aggregate outstanding balance of the Modified Notes on or before April 15, 2016, which payment must be made in cash (collectively, the “Note Payments”). This Settlement Agreement Amendment was further modified on May 12, 2016 as described below. 

 

As consideration for Investor’s agreement to enter into the Settlement Agreement Amendment, the Company agreed to pay Investor a restructuring fee of $2,500.00.

 

The Company evaluated the Settlement Agreement Amendment under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”). The Company noted the change in terms per the Settlement Agreement Amendment did not meet the criteria for substantial modification under ASC 470, and accordingly treated the amendment as a modification to the Note Settlement Agreement, adding $2,500 to the balance and extending the due date under the modified terms.

 

On May 12, 2016 but effective as of April 15, 2016, the Company entered into Amendment #2 to Note Settlement Agreement (the “Second Amendment”) with Typenex Co-Investment, LLC (the “Investor”).  The Second Amendment relates to the Note Settlement Agreement entered into between the parties on December 18, 2015, as previously amended on February 19, 2016 (as previously amended, the “Original Agreement”). 

The Original Agreement, as amended by the Second Amendment, restructures the payment provision of the Modified Notes.  The Second Amendment restructures the payment provisions contained in the Original Agreement and provides that the Company is to make the following payments to Investor notwithstanding the terms of the Modified Notes (the “Restructure”): (a) a cash payment in the amount of $35,000 payable on or before April 15, 2016 together with 3,160,556 shares of the Company’s common stock (subject to adjustment as described in the Settlement Agreement Amendment) based on a note conversion amount of $50,000 and a conversion price of $0.015820, which shares are to be issued and delivered pursuant to the terms of the Settlement Agreement Amendment and (b) a cash payment on or before May 15, 2016 in the amount of $35,000 together with shares of the Company’s common stock based on a note conversion amount of $50,000 and a conversion price to be determined in accordance with the Notes, which shares are to be issued and delivered pursuant to the terms of the Settlement Agreement Amendment (see Note 3 for share issuance description); and (c) a payment equal to the remaining aggregate outstanding balance of the Notes on or before June 15, 2016, which payment must be made in cash (collectively, the “Note Payments”). The Second Amendment also provides that outstanding balance on each of the November Note and the June Note will bear interest at the rate of 10% per annum from the effective date of the amendment until such notes are repaid in full; previously, the June Note did not accrue interest on the unpaid principal balance of the note unless an event of default occurred.

 

As consideration for Investor’s agreement to enter into the Second Amendment, the Company agreed to pay Investor a restructuring fee of $15,316.  The Company evaluated the Second Amendment under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”), noting it did not meet the criteria for substantial modification under ASC 470, and accordingly treated the amendment as a modification to the Original Agreement. 

  

During the year ended June 30, 2016, the Company made principal payments of $277,009 and converted $130,000 of the Note Settlement into 10,594,769 shares.  As of June 30, 2016, the outstanding balance under the November Note and June Note is $0.  Upon the final payoff of the November Note and June Note, the Company recorded a gain on extinguishment of debt of $6,498 related to the re-measurement of the derivative liability.

XML 29 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 8 - Derivative Liabilities
12 Months Ended
Jun. 30, 2016
Notes  
Note 8 - Derivative Liabilities

NOTE 8 – DERIVATIVE LIABILITIES

[

 

 

Note name

June 30, 2015

Estimated Fair Value Upon Issuance

Change in Estimated Fair Value

Extinguishment of Debt

June 30, 2016

EMBEDDED CONVERSION FEATURE:

Chicago ventures

                  68,584

                             1,597 

            (70,181)*

                            -

Typenex

                     330,946

                      (324,448)

              (6,498)

                            -

Iliad

                       29,475

                          82,465 

               111,940

TCA

                     706,911

                      (105,534)

               601,376

TCA Advisory fee

 

                       23,130

                          91,440 

               114,570

Total

                  68,584

                  1,090,462

                      (254,481)

           (76,679)

               827,887

 

 

*this was accounted for as part of the $427,848 loss described in Note 7.

 

The Company evaluated each of the Typenex November Note and June Note (see Note 7), Iliad Co-Investment Note (see Note 7), the TCA Note (see Note 7) and the terms of the Advisory Fee payable to TCA (see Note 7) under the requirements of ASC 480 “Distinguishing Liabilities from Equity” and concluded that none of the foregoing fall within the scope of ASC 480.  The Company then evaluated each of the Iliad Co-Investment Note, the TCA Note and the terms of the Advisory Fee payable to TCA under the requirements of ASC 815 “Derivatives and Hedging” and concluded that each the foregoing contain features that result in an embedded derivative. 

 

The Company has recorded the fair value of each derivative as a current liability in the balance sheet as of June 30, 2016.  The change in fair value was recorded as other expense in the statement of operations for the year ended June 30, 2016.

 

In arriving at fair-value estimates, the Company utilizes the most observable inputs available for the valuation technique employed. If a fair-value measurement reflects inputs at multiple levels within the fair value hierarchy, the fair-value measurement is characterized based upon the lowest level input. For the Company, recurring fair-value measurements are performed for the derivative liability.

 

The derivative liability is recognized in the balance sheet at fair value. Changes in the fair value of the derivative liability are reported in the statement of operations. The Company does not have any liabilities that reduce risk associated with hedging exposure and has not designated the derivative liability as a hedge instrument.

 

The Company did not have any derivatives valued using Level 1 and Level 2 inputs as of June 30, 2016. The Company categorized the derivative liability as Level 3 with a fair value of $827,887 as of June 30, 2016 using the Black-Scholes pricing model. The Company used the following input ranges: stock price $0.006-$0.01; expected term 0.58-0.96 years; risk-free rate 0.36%-0.45%; and volatility 150%-156%. Unobservable inputs were the prevailing interest rates, the Company’s stock volatility and the expected term.

 

There have been no transfers between Level 1, Level 2, or Level 3 categories. Level 3 as of June 30, 2015 was $68,584; Level 3 additions for the twelve months ended June 30, 2016 were $1,090,464 for the initial recognition with a $(254,481) valuation adjustment and a $(76,679) adjustment related to extinguishment of debt at June 30, 2016; Level 3 at June 30, 2016 was $827,887.

XML 30 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 9 - Notes Payable
12 Months Ended
Jun. 30, 2016
Notes  
Note 9 - Notes Payable

NOTE 9 – NOTES PAYABLE

Note Holder

Balance 6/30/2015

 

Unamortized Original Issue Discount

 

Balance, net of Discount 6/30/2015

Typenex Unsecured Short Term (Note 7)

$  245,000

 

$  (34,098)

 

$  210,902

B of I Bank

153,655

 

-  

 

153,655

The Hartford

13,001

 

-  

 

13,001

Bank of the West - short term portion

7,211

 

-  

 

7,211

Total Short Term Notes Payable

$  418,867

 

$  (34,098)

 

$  384,769

 

 

 

 

 

 

Bank of the West - long term portion

$    29,189

 

$              -  

 

$    29,189

Total Long Term Notes Payable

$    29,189

 

$              -  

 

$    29,189

 

 

 

Note Holder

Balance June 30, 2016

 

Unamortized Original Issue Discount

 

Balance, net of Discount June 30, 2016

Bank of the West - short term portion

 $                7,211

 $                      -  

 $                     7,211

Bank of the West - long term

                 23,137

                         -  

                      23,137

 

 $              30,348

 

 $                      -

 

 $                   30,348

 

Bank of the West

 

On December 29, 2014, Kyle Winther, the Company’s CEO, entered into a vehicle financing agreement with the Bank of the West. Pursuant to the agreement, the amount financed was $39,275, payable in 48 monthly payments plus accrued interest at a rate of 3.9%, with monthly payments of $614 and a maturity date of December 29, 2018.  In January 2015, the Company agreed to assume the payments on this loan and capitalized the vehicle. As of June 30, 2016 the outstanding balance was $30,348, with $7,211 and $23,137 classified as short term and long term, respectively.  As of June 30, 2015 the outstanding balance was $36,400, with $7,211 and $29,189 classified as short term and long term, respectively.

 

Terminated Facilities with B of I Federal Bank

 

On January 2, 2015, the Company entered into a Business Loan and Security Agreement with B of I Federal Bank (the “Bank”).  Pursuant to the agreement, the Company borrowed $200,000 from the Bank and received net proceeds of $195,000 USD after deducting an origination fee of $5,000.  The loan was payable in 147 payments of $1,728 due each business day beginning on and after January 5, 2015, with the initial total repayment amount (subject to certain exceptions) being equal to $254,000.

 

On June 2, 2015, the Company entered into a new Business Loan and Security Agreement with the Bank.  Pursuant to the agreement, the Company borrowed $175,000 from the Bank and received net proceeds of $104,071 after deducting an origination fee of $1,875 and the repayment of $69,054 in full satisfaction of the Company’s remaining obligations under that certain Business Loan and Security Agreement entered into with the Bank on January 2, 2015. The new loan was payable in 126 payments of $1,708 due each business day beginning on June 3, 2015, with the total repayment amount (subject to certain exceptions) being equal to $215,249 (the “Total Repayment Amount”). As of June 30, 2016 and 2015, the outstanding balance was $0 and $153,655, respectively.

 

On November 3, 2015, the Company entered into a new Business Loan and Security Agreement with the Bank. Pursuant to the agreement, the Company borrowed $125,000 from the Bank and received net proceeds of $93,615 after deducting an origination fee of $3,023 and the repayment of $28,361 in full satisfaction of the Company’s remaining obligations under that certain Business Loan and Security Agreement entered into with the Bank on June 2, 2015.  The new loan was payable in 126 payments of $1,220 due each business day beginning on November 4, 2015, with the total repayment amount (subject to certain exceptions) being equal to $153,750. On December 24, 2015, the loan balance of $106,000 was paid off upon the closing of the financing transaction with TCA Global Credit Master Fund, LP.  

 

Prior to their repayment, each of the facilities with the Bank were secured by all personal property of the Company and were also personally guaranteed by Lori Winther, Kyle Winther and Gary Perlingos.

 

The Company evaluated each of the agreements entered into on June 2, 2015 and November 3, 2015 under ASC 470-50-40 “Extinguishments of Debt” (“ASC 470”), and determined that neither agreement constituted a substantial modification under ASC 470, and accordingly treated the agreements as a modification to the original January 2, 2015 facility. 

XML 31 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 10 - Income Tax
12 Months Ended
Jun. 30, 2016
Notes  
Note 10 - Income Tax

NOTE 10 – INCOME TAX

 

The provision for income taxes was determined by applying the statutory federal income tax rate to net income before income taxes and is as follows for the year ending June 30, 2015 and June 30, 2016:

 

 

 

2016

 

2015

Federal tax

$

-

$

-    

State tax

$

800

$

2,400       

 

The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes were as follows:

 

 

2016

 

2015

 

Statutory federal income tax rate

(34)%

 

(34)

%

State taxes, net of federal benefit

(4)%

 

(3)

%

Other

(1)%

 

(2)

%

 

(39)%

 

(39)

%

XML 32 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 11 - Loss Per Common Share
12 Months Ended
Jun. 30, 2016
Notes  
Note 11 - Loss Per Common Share

NOTE 11 – LOSS PER COMMON SHARE

 

A summary of the net loss and shares used to compute net loss per share for the year ended June 30, 2016 and 2015 is as follows:

 

 

 

 

2016

$

2015

Net loss for computation of basic and dilutive net (loss) per share

 

$

(634,643)

$

(613,997)

Basic and dilutive net (loss) per share

 

$

(0.01)

$

(0.01)       

Basic and dilutive weighted average shares outstanding

 

$

76,419,180

$

68,164,099

XML 33 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 12 - Property and Equipment
12 Months Ended
Jun. 30, 2016
Notes  
Note 12 - Property and Equipment

NOTE 12 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of:

 

 

 

June 30, 2016

 

June 30, 2015

Automobile

$

36,976

$

36,976

Computer

 

16,756

 

16,756

Furniture and equipment

 

112,302

 

106,568

Leasehold improvements

 

44,300

 

44,300

Accumulated depreciation

 

(76,111)

 

(45,054)

Property and equipment, net

$

134,223

$

159,546

XML 34 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 13 - Litigation
12 Months Ended
Jun. 30, 2016
Notes  
Note 13 - Litigation

NOTE 13 – LITIGATION

 

On November 4, 2015, the Company filed a lawsuit in the Superior Court of California, County of Orange, Case Number 30-2015-00818492-CU-BC-CJC against Kevin Crump, an individual, Magnavape, Inc. and Magnavon, Inc. alleging breach of contract, fraud, negligent misrepresentation, intentional interference with economic advantage and negligent interference with economic advantage relating to the production by the defendants of the Company’s AR Mods. The lawsuit prayer is for $3,000,000. This amount includes general damages, lost profits and punitive damages against the defendants.  A mandatory settlement conference is scheduled for February 24, 2017 and a jury trial is scheduled for March 27, 2017. 

XML 35 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 14 - Subsequent Events
12 Months Ended
Jun. 30, 2016
Notes  
Note 14 - Subsequent Events

Note 14 – Subsequent events

 

On July 15, 2016, the Company entered into a second Exchange Agreement (the “Second Exchange Agreement”) with Iliad. Pursuant to the Second Exchange Agreement, the Company and Iliad exchanged the Exchange Note for a new promissory note in the original principal amount of $81,631.88 (the “Second Exchange Note”), which balance includes an exchange fee of $2,500. The Second Exchange Note was issued in substitution of and not in satisfaction of the Exchange Note.

 

The Second Exchange Agreement and related Second Exchange Note restructure the payment provisions of the Exchange Note.  The Second Exchange Note provides that the Company is to make to Iliad a payment equal to the remaining aggregate outstanding balance of the Second Exchange Note on or before July 15, 2017, which payment must be made in cash. Interest accrues on the outstanding balance of the Second Exchange Note at a rate of 10% per annum; provided, however that if the Company fails to repay the Second Exchange Note when due, or if the Company is otherwise in default under the Second Exchange Note, at the option of Iliad a default interest rate of 18% per annum will apply. In the event the Company is in default under the Second Exchange Note, Iliad also has the option to accelerate the note with the outstanding balance becoming immediately due and payable at an amount equal to 115% of the outstanding balance of the Second Exchange Note as of the date the event of default occurred. The Second Exchange Note may be prepaid without penalty at any time.

 

The Second Exchange Note provides that, until the Second Exchange Note has been paid in full, Iliad may convert all or part of the outstanding note balance (the “Conversion Amount”) into shares of common stock of the Company at the Conversion Price (as defined below).  Notwithstanding the foregoing, the Company has the option to pay the Conversion Amount in cash in lieu of delivering shares of its common stock.  As used, “Conversion Price” means a price per share equal to 70% of the average of the three lowest closing bid prices of the Company’s common stock in the twenty trading days immediately preceding the applicable conversion.  The Second Exchange Note provides that the Company may not issue shares to Iliad under the Second Exchange Note if the issuance of such shares would cause Iliad to beneficially own more than 9.99% of the Company’s outstanding common stock.

 

As of October 10, 2016, the outstanding balance on the Second Exchange Note was $23,264.

 

Issuance of Common Stock

 

Subsequent to June 30, 2016, the Company issued to Typenex Co-Investment, LLC shares of its common stock as partial payment of the Company’s outstanding debt obligations to Typenex as follows (see Note 7):

 

Date of Issuance

Number of Shares of Common Stock

Conversion Price

Consideration

August 5, 2016

118,456

$0.014467

Issuance of true up shares in connection with debt conversion on March 15, 2016.

August 5, 2016

3,313,612

$0.007723

Issuance of true up shares in connection with debt conversion on April 15, 2016.

 

XML 36 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Basis of Presentation

Basis of Presentation

 

The financial statements, and the accompanying notes, are prepared in accordance with US GAAP and pursuant to the instructions to Form 10-K of the Securities and Exchange Commission.  The Company’s fiscal year end is June 30.

 

The Company operates in one segment, in accordance with accounting guidance Financial Accounting Standards Board (“FASB”) ASC Topic 280, Segment Reporting. The Company’s Chief Executive Officer has been identified as the chief operating decision maker as defined by FASB ASC Topic 280.

XML 37 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Going Concern (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Going Concern

Going Concern

 

The Company’s consolidated financial statements have been presented on the basis that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company’s cash balance as of June 30, 2016 along with its continued net losses and working capital deficit along with other factors raise substantial doubt about its ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. 

 

The Company continues to face liquidity and capital resources constraints despite generating $138,176 in cash from operations in the fiscal year ended June 30, 2016.  The Company does not believe that the proceeds from its debt facilities (see Note 7 and Note 9) along with its operating cash flows will be sufficient to meet its financing needs for the next twelve months. The extent of the Company’s future capital requirements will depend on many factors, including the Company’s results from operations and the growth rate of the Company’s business. The Company’s near term objective is to raise debt or equity capital to fund its immediate cash needs and to finance its longer term growth on terms that are more favorable than the company’s existing credit facilities. The Company is also pursuing various means to increase revenues, reduce operating costs and to improve overall cash flow.

 

The Company presently does not have any arrangements for additional financing. However, the Company continues to evaluate various financing strategies to support its current operations and fund its future growth.

XML 38 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates significant estimates and assumptions related to its accounts receivable allowance, accounts payable, deferred income tax asset valuation allowances, fair value of derivative liability, fair value of stock and stock options, useful life of fixed assets, recoverability of long lived assets, inventory reserves, estimates of sales return and accrual for potential liabilities. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

XML 39 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Cash and Cash Equivalents

Cash and Cash Equivalents

 

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. At June 30, 2016, the Company had no cash equivalents.

XML 40 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Concentration of Risk (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Concentration of Risk

Concentration of Risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash. The Company places its cash with high quality banking institutions.  The Company had $295,799 in excess of FDIC insured limits.

 

The Company relied on two and one manufacturer(s) to make all of the Company’s Mods during the years ended June 30, 2016 and 2015, respectively.

XML 41 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Financial Instruments and Fair Value Measurement (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Financial Instruments and Fair Value Measurement

Financial Instruments and Fair Value Measurement

 

Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

 

Level 1- applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2- applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

 

Level 3- applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

The Company’s financial instruments consist principally of cash, accounts payable and accrued liabilities, and amounts due to related parties, and derivative liabilities and convertible notes payable. Pursuant to ASC 820, the fair value of the Company’s cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. Pursuant to ASC 820, the fair value of the Company’s derivative liability is determined based on “Level 3” inputs, which consist of unobservable inputs. The Company believes that the recorded values of all of its other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

XML 42 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Revenue Recognition

Revenue Recognition

 

The Company recognizes revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.

 

For retail transactions, revenue is recognized at the point of sale. For wholesale and online transactions, revenue is recognized at the time goods are shipped.

XML 43 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Shipping and Handling (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Shipping and Handling

Shipping and Handling

 

Payments by customers to the Company for shipping and handling costs are included in revenue on the statements of operations, while the Company’s expense is included in cost of goods sold. Shipping and handling for inventory is included as a component of inventory on the balance sheets, and in cost of revenues in the statements of operations when the product is sold.

XML 44 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Deferred Income (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Deferred Income

Deferred Income

 

The Company accrues deferred income when customer payments are received, but product has not yet shipped. As of June 30, 2016 and 2015, the Company had recorded $94,754 and $82,499, respectively for deferred income as a result of prepayments for product made by customers. Those prepayments are recognized into revenue at the point those prepaid products have subsequently shipped. The Company recognized the $82,499 into revenue during the year ended June 30, 2016. The Company expects to recognize the $94,754 into revenue during the following fiscal year.

XML 45 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Inventories (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Inventories

Inventories

 

Inventories consist primarily of vaping devices, electronic cigarettes, e-liquid and related supplies and accessories and are stated at the lower of cost (first-in, first-out) or market value.

XML 46 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Property and Equipment

Property and Equipment

 

Property and equipment consists of computer equipment, furniture, facility equipment, and leasehold improvements which are carried at historical cost and are depreciated over the estimated useful lives of the related assets. Estimated useful lives are from 3 to 10 years. Expenditures for maintenance and repairs are charged against operations. The modified accelerated cost recovery system (straight line) is used for federal income tax purposes and also for financial reporting as the difference between the two does not appear to be material.

XML 47 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Impairment of Long-lived Assets and Goodwill (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Impairment of Long-lived Assets and Goodwill

Impairment of Long-lived Assets and Goodwill

 

The Company evaluates goodwill for impairment annually in the fourth quarter, and whenever events or changes in circumstances indicate it is more likely than not that the fair value of a reporting unit containing goodwill is less than its carrying amount.  The goodwill impairment test consists of a two-step process, if necessary. The first step is to compare the fair value of a reporting unit to its carrying value, including goodwill. The Company typically uses discounted cash flow models to determine the fair value of a reporting unit. The assumptions used in these models are consistent with those the Company believes hypothetical marketplace participants would use. If the fair value of the reporting unit is less than its carrying value, the second step of the impairment test must be performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill.

 

The Company periodically evaluates whether the carrying value of property, equipment and intangible assets has been impaired when circumstances indicate the carrying value of those assets may not be recoverable.  The carrying amount is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset.  If the carrying value is not recoverable, the impairment loss is measured as the excess of the asset’s carrying value over its fair value.

 

The Company’s impairment analyses require management to apply judgment in estimating future cash flows as well as asset fair values, including forecasting useful lives of the assets, assessing the probability of different outcomes, and selecting the discount rate that reflects the risk inherent in future cash flows. If the carrying value is not recoverable, the Company assess the fair value of long-lived assets using commonly accepted techniques, and may use more than one method, including, but not limited to, recent third party comparable sales and discounted cash flow models.  If actual results are not consistent with the Company’s assumptions and estimates, or the Company’s assumptions and estimates change due to new information, the Company may be exposed to an impairment charge in the future.

XML 48 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Advertising Expense (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Advertising Expense

Advertising Expense

 

Advertising costs are expensed as incurred. Advertising expense for the year ended June 30, 2016 and 2015 were $106,734 and $140,771, respectively and are included in general and administrative expenses.

XML 49 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Debt (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Debt

Debt

 

The Company issues debt that may have separate warrants, conversion features, or no equity-linked attributes.

 

Convertible debt – derivative treatment – When the Company issues debt with a conversion feature, the Company must first assess whether the conversion feature meets the requirements to be treated as a derivative, as follows:  a) one or more underlyings, typically the price of our common stock; b) one or more notional amounts or payment provisions or both, generally the number of shares upon conversion; c) no initial net investment, which typically excludes the amount borrowed; and d) net settlement provisions, which in the case of convertible debt generally means the stock received upon conversion can be readily sold for cash. An embedded equity-linked component that meets the definition of a derivative does not have to be separated from the host instrument if the component qualifies for the scope exception for certain contracts involving an issuer’s own equity.  The scope exception applies if the contract is both a) indexed to its own stock; and b) classified in stockholders’ equity in its statement of financial position.

 

If the conversion feature within convertible debt meets the requirements to be treated as a derivative, the Company estimates the fair value of the convertible debt derivative using Black-Scholes upon the date of issuance.  If the fair value of the convertible debt derivative is higher than the face value of the convertible debt, the excess is immediately recognized as interest expense.  Otherwise, the fair value of the convertible debt derivative is recorded as a liability with an offsetting amount recorded as a debt discount, which offsets the carrying amount of the debt.  The convertible debt derivative is revalued at the end of each reporting period and any change in fair value is recorded as a gain or loss in the statement of operations.  The debt discount is amortized through interest expense over the life of the debt.

 

Convertible debt – beneficial conversion feature – If the conversion feature is not treated as a derivative, the Company assess whether it is a beneficial conversion feature (“BCF’).  A BCF exists if the conversion price of the convertible debt instrument is less than the stock price on the commitment date.  This typically occurs when the conversion price is less than the fair value of the stock on the date the instrument was issued.  The value of a BCF is equal to the intrinsic value of the feature, the difference between the conversion price and the common stock into which it is convertible, and is recorded as additional paid in capital and as a debt discount in the balance sheet.  The Company amortizes the balance over the life of the underlying debt as amortization of debt discount expense in the consolidated statement of operations.  If the debt is retired early, the associated debt discount is then recognized immediately as amortization of debt discount expense in the statement of operations.

 

If the conversion feature does not qualify for either the derivative treatment or as a BCF, the convertible debt is treated as traditional debt.

XML 50 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Accounting For Derivatives Liabilities (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Accounting For Derivatives Liabilities

Accounting for Derivatives Liabilities

 

The Company evaluates contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40, Derivative Instruments and Hedging: Contracts in Entity’s Own Equity. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date. See Note 8 for disclosure of derivatives and their valuation related to various convertible debt agreements.

XML 51 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Modification of Debt Instruments (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Modification of Debt Instruments

Modification of Debt Instruments

 

Modifications or exchanges of debt, which are not considered a troubled debt restructuring, are considered extinguishments if the terms of the new debt and the original instrument are substantially different.  The instruments are considered substantially different when the present value of the cash flows under the terms of the new debt instrument are at least 10% different from the present value of the remaining cash flows under the terms of the original instrument.  The fair value of non-cash consideration associated with the new debt instrument, such as warrants, are included as a day one cash flow in the 10% cash flow test.  If the original and new debt instruments are substantially different, the original debt is derecognized and the new debt is initially recorded at fair value, with the difference recognized as an extinguishment gain or loss.

XML 52 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Deferred Financing Costs, Net (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Deferred Financing Costs, Net

Deferred Financing Costs, Net

 

Costs with respect to the issuance of common stock, warrants, stock options or debt instruments by the Company are initially deferred and ultimately offset against the proceeds from such equity transactions or amortized to interest expense over the term of any debt funding, if successful, or expensed if the proposed equity or debt transaction is unsuccessful.

 

For the year ending June 30, 2016, the Company incurred $199,750 in costs in connection with the negotiation of a financing transaction with TCA Global Credit Master Fund, LP. The unamortized finance costs for the years ended June 30, 2016 and 2015 were $133,167 and $39,654 respectively. 

XML 53 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Basic and Diluted Net Income Per Share (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Basic and Diluted Net Income Per Share

Basic and Diluted Net Income per Share

 

The Company computes net income per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants or debentures. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of June 30, 2016 and 2015, there were no dilutive securities as the Company had incurred net losses.

XML 54 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Income Taxes

Income Taxes

 

The Company accounts for income taxes under the provisions of ASC Topic 740-10, Income Taxes, which requires the Company to recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined and income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes determined on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. As of June 30, 2016 and 2015, the Company has federal and state net operating loss carry forwards of approximately $746,000 and $463,000, respectively, which will begin to expire in 2030 unless utilized in earlier years.

 

When there are uncertainties related to potential income tax benefits, in order to qualify for recognition, the position the Company takes has to have at least a “more likely than not” chance of being sustained (based on the position’s technical merits) upon challenge by the respective authorities. The term “more likely than not” means a likelihood of more than 50 percent. Otherwise, the Company may not recognize any of the potential tax benefit associated with the position. The Company recognizes a benefit for a tax position that meets the “more likely than not” criterion at the largest amount of tax benefit that is greater than 50 percent likely of being realized upon its effective resolution. Unrecognized tax benefits involve management’s judgment regarding the likelihood of the benefit being sustained. The final resolution of uncertain tax positions could result in adjustments to recorded amounts and may affect our results of operations, financial position and cash flows.

 

The Company reviews its filing positions for all open tax years in all U.S. federal and state jurisdictions where the Company is required to file. The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The tax years subject to examination by major tax jurisdictions include the 2011 Fiscal Period and forward by the U.S. Internal Revenue Service, and the 2011 Fiscal Period and forward for various states.

XML 55 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Stock Based Compensation (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Stock Based Compensation

Stock Based Compensation

 

Issuances of the Company’s common stock for acquiring goods or services are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The measurement date for the fair value of the equity instruments issued to consultants or vendors is determined at the earlier of (i) the date at which a commitment for performance to earn the equity instruments is reached (a “performance commitment” which would include a penalty considered to be of a magnitude that is a sufficiently large disincentive for nonperformance) or (ii) the date at which performance is complete. However, situations may arise in which counter performance may be required over a period of time but the equity award granted to the party performing the service is fully vested and non-forfeitable on the date of the agreement. As a result, in this situation in which vesting periods do not exist as the instrument is fully vested on the date of agreement, the Company determines such date to be the measurement date and will record the estimated fair market value of the instrument granted as a prepaid expense and amortize such amount to general and administrative expense in the accompanying statement of operations over the contract period. When it is appropriate for the Company to recognize the cost of a transaction during financial reporting periods prior to the measurement date, for purposes of recognition of costs during those periods, the equity instrument is measured at the then-current fair values at each of those interim financial reporting dates.

 

For purposes of determining the variables used in the calculation of stock compensation expense under the provisions of FASB ASC Topic 505, “Equity” and FASB ASC Topic 718, “Compensation — Stock Compensation,” the Company performs an analysis of current market data and historical Company data to calculate an estimate of implied volatility, the expected term of the option and the expected forfeiture rate. With the exception of the expected forfeiture rate, which is not an input, the Company uses these estimates as variables in the Black-Scholes option pricing model. Depending upon the number of stock options granted, any fluctuations in these calculations could have a material effect on the results presented in the Company’s consolidated statements of operations. In addition, any differences between estimated forfeitures and actual forfeitures could also have a material impact on the Company’s financial statements. For the years ended June 30, 2016 and 2015, the Company had $0 and $10,850, respectively, of stock based compensation relating to employees.

XML 56 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Non-cash Equity Transactions (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Non-cash Equity Transactions

Non-Cash Equity Transactions

 

Shares of equity instruments issued for non-cash consideration are recorded at the fair value of the consideration received based on the market value of services to be rendered, or at the value of the stock given, considered in reference to current market price.

XML 57 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)
12 Months Ended
Jun. 30, 2016
Policies  
Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In August 2016 the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). ASU 2016-15 will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017. The new standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.

 

In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently in the process of evaluating the impact of the adoption on its financial statements.

 

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance.

 

In November 2015, the FASB issued ASU 2015-17, which simplifies the presentation of deferred tax assets and liabilities on the balance sheet.  Previous GAAP required an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet.  The amendment requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet.  This ASU is effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018.  The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.

 

In September 2015, the FASB issued ASU 2015-16, which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This ASU is effective for interim and annual reporting period beginning after December 15, 2016, including interim periods within those fiscal years, with the option to early adopt for financial statements that have not been issued. The Company is currently evaluating the potential impact this standard will have on its financial statements and related disclosures.

 

In July 2015, the FASB issued ASU 2015-11, which requires an entity to measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments apply to inventory that is measured using first-in, first-out (FIFO) or average cost. This ASU is effective for interim and annual reporting periods beginning after December 15, 2016, with the option to early adopt as of the beginning of an annual or interim period. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.

 

In April 2015, the FASB issued ASU 2015-03, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. The Company does not expect the adoption of this ASU to have a significant impact on its financial position, results of operations and cash flows.

 

The Company has reviewed other recent accounting pronouncements issued prior to the date of issuance of its financial statements included in this report, and does not believe any of these pronouncements will have a material impact on its consolidated financial statements.

XML 58 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 3 - Capital Stock: Schedule of Stockholders Equity (Tables)
12 Months Ended
Jun. 30, 2016
Tables/Schedules  
Schedule of Stockholders Equity

 

 

 

2015

 

Annual dividend yield

 

-

 

Expected life (years)

 

5

 

Risk-free interest rate

 

1.63%

 

Expected volatility

 

121.10%

 

Fair value of options granted

 

0.035

 

XML 59 R44.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 3 - Capital Stock: Schedule of Share-based Compensation, Stock Options, Activity (Tables)
12 Months Ended
Jun. 30, 2016
Tables/Schedules  
Schedule of Share-based Compensation, Stock Options, Activity

 

 

 

Number of Shares

 

Weighted Average Exercise Price

 

Outstanding at July 1, 2014

 

-

$

-

 

Granted

 

310,000

 

0.0419

 

Exercised

 

-

 

-

 

Forfeited

 

-

 

-

 

Outstanding at June 30, 2015

 

310,000

$

0.0419

 

Granted

 

-

 

-

 

Exercised

 

-

 

-

 

Forfeited

 

-

 

-

 

Outstanding at June 30, 2016

 

310,000

$

0.0419

 

 

 

 

 

 

 

XML 60 R45.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 7 - Convertible Notes Payable: Schedule of Convertible Notes Payable Text Block (Tables)
12 Months Ended
Jun. 30, 2016
Tables/Schedules  
Schedule of Convertible Notes Payable Text Block

 

Note Holder

Balance June 30, 2015

 

Unamortized Original

Derivative Discount

Unamortized Original Issue Discount

Balance of

Debt Discount

 

Balance, net of Discount 6/30/2015

Typenex Co-Investment, LLC

 $163,131

 $  (27,718)

 $ (14,594)

 $ (42,313)

 $  120,818

Typenex Co-Investment, LLC

        89,057

     (15,132)

      (2,652)

    (17,784)

        71,273

Total Convertible Notes Payable

 $252,188

 $  (42,850)

 $ (17,246)

 $ (60,097)

 $  192,091

 

 

Note Holder

Balance

June 30, 2016

Unamortized Original

Derivative Discount

Balance

net of Derivative Discount 6/30/16

Iliad Co Loan Payable

$        272,250

 

    $                   -

 

 

$   272,250

TCA Global Loan Payable

659,409

          (483,120)

  176,289

Total Convertible Notes Payable

$       931,659

    $    (483,120)

     $  448,539

XML 61 R46.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 8 - Derivative Liabilities: Schedule of Derivative Liabilities at Fair Value (Tables)
12 Months Ended
Jun. 30, 2016
Tables/Schedules  
Schedule of Derivative Liabilities at Fair Value

 

 

Note name

June 30, 2015

Estimated Fair Value Upon Issuance

Change in Estimated Fair Value

Extinguishment of Debt

June 30, 2016

EMBEDDED CONVERSION FEATURE:

Chicago ventures

                  68,584

                             1,597 

            (70,181)*

                            -

Typenex

                     330,946

                      (324,448)

              (6,498)

                            -

Iliad

                       29,475

                          82,465 

               111,940

TCA

                     706,911

                      (105,534)

               601,376

TCA Advisory fee

 

                       23,130

                          91,440 

               114,570

Total

                  68,584

                  1,090,462

                      (254,481)

           (76,679)

               827,887

 

XML 62 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Going Concern (Details) - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Details    
Net cash used in operating activities $ 138,176 $ (437,359)
XML 63 R48.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Deferred Income (Details) - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Details    
Deferred Revenue $ 94,754 $ 82,499
XML 64 R49.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Summary of Significant Accounting Policies: Advertising Expense (Details) - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Details    
Advertising Expense $ 106,734 $ 140,771
XML 65 R50.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 3 - Capital Stock (Details) - shares
Jun. 30, 2016
Dec. 25, 2015
Jun. 30, 2015
Mar. 10, 2015
Common Stock, Shares Issued 86,860,375   72,455,606  
Preferred Stock, Shares Authorized 10,000,000   10,000,000  
Service Provider        
Common Stock, Shares Issued       300,000
Gotama Capital S.A.        
Common Stock, Shares Issued     4,095,605  
TCA Global Credit Master Fund, LP        
Common Stock, Shares Issued   3,810,000    
XML 66 R51.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 3 - Capital Stock: Schedule of Stockholders Equity (Details)
12 Months Ended
Jun. 30, 2016
Details  
Fair Value Assumptions, Expected Term 5 years
Fair Value Assumptions, Risk Free Interest Rate 1.63%
Fair Value Assumptions, Expected Volatility Rate 121.10%
XML 67 R52.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 3 - Capital Stock: Schedule of Share-based Compensation, Stock Options, Activity (Details) - $ / shares
12 Months Ended
Jun. 30, 2015
Jun. 30, 2016
Details    
Balance, Shares 310,000 310,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price $ 0.0419 $ 0.0419
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures 310,000  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value $ 0.0419  
XML 68 R53.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 4 - Inventories (Details) - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Details    
Inventory $ 585,489 $ 323,784
XML 69 R54.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 5 - Lease Commitments (Details) - USD ($)
1 Months Ended 12 Months Ended 25 Months Ended 34 Months Ended 35 Months Ended
Sep. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Aug. 30, 2015
Jun. 30, 2016
Jun. 30, 2016
Sep. 15, 2015
S.J. Real Estate Group, LLC              
Operating Leases, Rent Expense         $ 2,214    
Other Commitment   $ 28,710     $ 28,710 $ 28,710  
S.B.P.W., LLC              
Operating Leases, Rent Expense       $ 2,035   $ 4,070  
Winther Family Trust              
Monthly Lease and Rental Expense   5,650          
Susana Business Center, LLC              
Other Commitment             $ 26,772
Monthly Lease and Rental Expense $ 1,716            
Security Deposit             $ 1,716
Total              
Operating Leases, Rent Expense   $ 133,664 $ 92,185        
XML 70 R55.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 6 - Related Parties (Details) - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Details    
Due to Related Parties, Current $ 103,409 $ 96,312
Professional Fees 56,180 82,000
Accrued Professional Fees, Current $ 0 $ 12,369
XML 71 R56.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 7 - Convertible Notes Payable: Schedule of Convertible Notes Payable Text Block (Details) - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Typenex Co- Investment, LLC | Balance 06/30/2015    
Current portion of, convertible notes payable, net of unamortized debt discount, current   $ 163,131
Typenex Co- Investment, LLC | Unamortized Original Derivative Discount    
Current portion of, convertible notes payable, net of unamortized debt discount, current   (27,718)
Typenex Co- Investment, LLC | Unamortized Original Issue Discount    
Current portion of, convertible notes payable, net of unamortized debt discount, current   (14,594)
Typenex Co- Investment, LLC | BalanceOfDebtDiscountMember    
Current portion of, convertible notes payable, net of unamortized debt discount, current   (42,313)
Typenex Co- Investment, LLC | Balance, net of Discount 06/30/2015    
Current portion of, convertible notes payable, net of unamortized debt discount, current   120,818
TypenexCoMember | Balance 06/30/2015    
Current portion of, convertible notes payable, net of unamortized debt discount, current   89,057
TypenexCoMember | Unamortized Original Derivative Discount    
Current portion of, convertible notes payable, net of unamortized debt discount, current   (15,132)
TypenexCoMember | Unamortized Original Issue Discount    
Current portion of, convertible notes payable, net of unamortized debt discount, current   (2,652)
TypenexCoMember | BalanceOfDebtDiscountMember    
Current portion of, convertible notes payable, net of unamortized debt discount, current   (17,784)
TypenexCoMember | Balance, net of Discount 06/30/2015    
Current portion of, convertible notes payable, net of unamortized debt discount, current   71,273
Total Convertible Notes Payable | Balance 06/30/2015    
Current portion of, convertible notes payable, net of unamortized debt discount, current   252,188
Total Convertible Notes Payable | Unamortized Original Derivative Discount    
Current portion of, convertible notes payable, net of unamortized debt discount, current $ (483,120) (42,850)
Total Convertible Notes Payable | Unamortized Original Issue Discount    
Current portion of, convertible notes payable, net of unamortized debt discount, current   (17,246)
Total Convertible Notes Payable | BalanceOfDebtDiscountMember    
Current portion of, convertible notes payable, net of unamortized debt discount, current   (60,097)
Total Convertible Notes Payable | Balance, net of Discount 06/30/2015    
Current portion of, convertible notes payable, net of unamortized debt discount, current   $ 192,091
Total Convertible Notes Payable | Balance 06/30/2016    
Current portion of, convertible notes payable, net of unamortized debt discount, current 931,659  
Total Convertible Notes Payable | Balance, net of Discount 06/30/2016    
Current portion of, convertible notes payable, net of unamortized debt discount, current 448,539  
Iliad Co Loan Payable | Balance 06/30/2016    
Current portion of, convertible notes payable, net of unamortized debt discount, current 272,250  
Iliad Co Loan Payable | Balance, net of Discount 06/30/2016    
Current portion of, convertible notes payable, net of unamortized debt discount, current 272,250  
TCA Global Loan Payable | Unamortized Original Derivative Discount    
Current portion of, convertible notes payable, net of unamortized debt discount, current (483,120)  
TCA Global Loan Payable | Balance 06/30/2016    
Current portion of, convertible notes payable, net of unamortized debt discount, current 659,409  
TCA Global Loan Payable | Balance, net of Discount 06/30/2016    
Current portion of, convertible notes payable, net of unamortized debt discount, current $ 176,289  
XML 72 R57.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 7 - Convertible Notes Payable (Details) - USD ($)
1 Months Ended
Apr. 10, 2014
Mar. 14, 2014
May 31, 2014
Jun. 30, 2016
Dec. 24, 2015
Aug. 12, 2015
Jun. 04, 2015
Nov. 04, 2014
May 19, 2014
Iliad Research & Trading, LP                  
Convertible Notes Payable           $ 245,000      
Convertible Debt, Current       $ 272,250          
TCA Global Credit Master Fund, LP                  
Convertible Notes Payable         $ 750,000        
Gotama Capital SA                  
Convertible Notes Payable $ 200,000 $ 185,000             $ 175,000
Proceeds from Convertible Debt $ 200,000 $ 185,000 $ 149,881            
Typenex Co- Investment, LLC                  
Convertible Notes Payable             $ 245,000 $ 1,687,500  
XML 73 R58.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 8 - Derivative Liabilities: Schedule of Derivative Liabilities at Fair Value (Details) - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Derivative liabilities $ 827,883 $ 68,584
June 30, 2015 | Chicago Ventures    
Derivative liabilities 68,584  
June 30, 2015 | Total    
Derivative liabilities 68,584  
Change in Estimated Fair Value | Chicago Ventures    
Derivative liabilities 1,597  
Change in Estimated Fair Value | Typenex    
Derivative liabilities (324,448)  
Change in Estimated Fair Value | Iliad    
Derivative liabilities 82,465  
Change in Estimated Fair Value | TCA    
Derivative liabilities (105,534)  
Change in Estimated Fair Value | TCA Advisory Fee    
Derivative liabilities 91,440  
Change in Estimated Fair Value | Total    
Derivative liabilities (254,481)  
Extinguishment of Debt | Chicago Ventures    
Derivative liabilities (70,181)  
Extinguishment of Debt | Typenex    
Derivative liabilities (6,498)  
Extinguishment of Debt | Total    
Derivative liabilities (76,679)  
June 30, 2016 | Iliad    
Derivative liabilities 111,940  
June 30, 2016 | TCA    
Derivative liabilities 601,376  
June 30, 2016 | TCA Advisory Fee    
Derivative liabilities 114,570  
June 30, 2016 | Total    
Derivative liabilities 827,887  
Estimated Fair Value Upon Issuance | Typenex    
Derivative liabilities 330,946  
Estimated Fair Value Upon Issuance | Iliad    
Derivative liabilities 29,475  
Estimated Fair Value Upon Issuance | TCA    
Derivative liabilities 706,911  
Estimated Fair Value Upon Issuance | TCA Advisory Fee    
Derivative liabilities 23,130  
Estimated Fair Value Upon Issuance | Total    
Derivative liabilities $ 1,090,462  
XML 74 R59.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 9 - Notes Payable (Details) - USD ($)
Jun. 30, 2016
Nov. 03, 2015
Jun. 30, 2015
Jun. 02, 2015
Jan. 02, 2015
B of I Federal Bank- Loan 1          
Other Short-term Borrowings         $ 200,000
Net Proceeds         195,000
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums         5,000
Short-term Bank Loans and Notes Payable         $ 1,728
B of I Federal Bank Loan 2          
Other Short-term Borrowings       $ 175,000  
Net Proceeds       104,071  
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums       $ 1,875  
B of I Federal Bank-Loan 3          
Other Short-term Borrowings   $ 125,000      
Net Proceeds   93,615      
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums   $ 3,023      
Typenex Unsecured Short Term | Balance 06/30/2015          
Other Notes Payable     $ 245,000    
Typenex Unsecured Short Term | Unamortized Original Issue Discount          
Other Notes Payable     (34,098)    
Typenex Unsecured Short Term | Balance, net of Discount 06/30/2015          
Other Notes Payable     210,902    
B of I Bank | Balance 06/30/2015          
Other Notes Payable     153,655    
B of I Bank | Balance, net of Discount 06/30/2015          
Other Notes Payable     153,655    
The Hartford | Balance 06/30/2015          
Other Notes Payable     13,001    
The Hartford | Balance, net of Discount 06/30/2015          
Other Notes Payable     13,001    
Bank of the West- short term portion | Balance 06/30/2015          
Other Notes Payable     7,211    
Bank of the West- short term portion | Balance, net of Discount 06/30/2015          
Other Notes Payable     7,211    
Bank of the West- short term portion | Balance 06/30/2016          
Other Notes Payable $ 7,211        
Bank of the West- short term portion | Balance, net of Discount 06/30/2016          
Other Notes Payable 7,211        
Total Short Term Notes Payable | Balance 06/30/2015          
Other Notes Payable     418,867    
Total Short Term Notes Payable | Unamortized Original Issue Discount          
Other Notes Payable     (34,098)    
Total Short Term Notes Payable | Balance, net of Discount 06/30/2015          
Other Notes Payable     384,769    
Bank of the West- long term portion | Balance 06/30/2015          
Other Notes Payable     29,189    
Bank of the West- long term portion | Balance, net of Discount 06/30/2015          
Other Notes Payable     29,189    
Bank of the West- long term portion | Balance 06/30/2016          
Other Notes Payable 23,137        
Bank of the West- long term portion | Balance, net of Discount 06/30/2016          
Other Notes Payable $ 23,137        
Total Long Term Notes Payable | Balance 06/30/2015          
Other Notes Payable     29,189    
Total Long Term Notes Payable | Balance, net of Discount 06/30/2015          
Other Notes Payable     $ 29,189    
XML 75 R60.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 10 - Income Tax (Details) - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent (34.00%) (34.00%)
Effective Income Tax Rate Reconciliation, Tax Contingency, State and Local, Amount $ (4) $ (3)
Effective Income Tax Rate Reconciliation, Deduction, Other, Amount (1) (2)
State Tax    
Income Taxes Receivable $ 800 $ 2,400
XML 76 R61.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 11 - Loss Per Common Share (Details) - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Details    
Net loss for computation of basic and dilutive net (loss) per share $ (634,643) $ (613,997)
Net loss per share, basic and diluted $ (0.01) $ (0.01)
Weighted average shares outstanding, basic and diluted 76,419,180 68,164,099
XML 77 R62.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 12 - Property and Equipment (Details) - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Details    
Property, Plant and Equipment, Other, Net $ 36,976 $ 36,976
Property, Plant and Equipment, Other, Gross 16,756 16,756
Furniture and Fixtures, Gross 112,302 106,568
Leasehold Improvements, Gross 44,300 44,300
Property, Plant and Equipment, Other, Accumulated Depreciation (76,111) (45,054)
Property, Plant and Equipment, Net $ 134,223 $ 159,546
EXCEL 78 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 79 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 80 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 82 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 112 199 1 true 54 0 false 4 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://www.vaporhubinternational.com/20160630/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 000020 - Statement - Vapor Hub International Inc. - Consolidated Balance Sheets Sheet http://www.vaporhubinternational.com/20160630/role/idr_VaporHubInternationalIncConsolidatedBalanceSheets Vapor Hub International Inc. - Consolidated Balance Sheets Statements 2 false false R3.htm 000030 - Statement - Statement of Financial Position - Parenthetical Sheet http://www.vaporhubinternational.com/20160630/role/idr_StatementOfFinancialPositionParenthetical Statement of Financial Position - Parenthetical Statements 3 false false R4.htm 000040 - Statement - Vapor Hub International Inc. - Statements of Operations Sheet http://www.vaporhubinternational.com/20160630/role/idr_VaporHubInternationalIncStatementsOfOperations Vapor Hub International Inc. - Statements of Operations Statements 4 false false R5.htm 000050 - Statement - Vapor Hub International Inc. - Statement of Changes in Stockholders' (Deficit) Sheet http://www.vaporhubinternational.com/20160630/role/idr_VaporHubInternationalIncStatementOfChangesInStockholdersDeficit Vapor Hub International Inc. - Statement of Changes in Stockholders' (Deficit) Statements 5 false false R6.htm 000060 - Statement - Vapor Hub International Inc. - Statements of Cash Flows Sheet http://www.vaporhubinternational.com/20160630/role/idr_VaporHubInternationalIncStatementsOfCashFlows Vapor Hub International Inc. - Statements of Cash Flows Statements 6 false false R7.htm 000070 - Disclosure - Note 1- Incorporation, Nature of Operations and Acquisition Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote1IncorporationNatureOfOperationsAndAcquisition Note 1- Incorporation, Nature of Operations and Acquisition Notes 7 false false R8.htm 000080 - Disclosure - Note 2 - Summary of Significant Accounting Policies Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies Note 2 - Summary of Significant Accounting Policies Notes 8 false false R9.htm 000090 - Disclosure - Note 3 - Capital Stock Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote3CapitalStock Note 3 - Capital Stock Notes 9 false false R10.htm 000100 - Disclosure - Note 4 - Inventories Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote4Inventories Note 4 - Inventories Notes 10 false false R11.htm 000110 - Disclosure - Note 5 - Lease Commitments Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote5LeaseCommitments Note 5 - Lease Commitments Notes 11 false false R12.htm 000120 - Disclosure - Note 6 - Related Parties Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote6RelatedParties Note 6 - Related Parties Notes 12 false false R13.htm 000130 - Disclosure - Note 7 - Convertible Notes Payable Notes http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote7ConvertibleNotesPayable Note 7 - Convertible Notes Payable Notes 13 false false R14.htm 000140 - Disclosure - Note 8 - Derivative Liabilities Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote8DerivativeLiabilities Note 8 - Derivative Liabilities Notes 14 false false R15.htm 000150 - Disclosure - Note 9 - Notes Payable Notes http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote9NotesPayable Note 9 - Notes Payable Notes 15 false false R16.htm 000160 - Disclosure - Note 10 - Income Tax Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote10IncomeTax Note 10 - Income Tax Notes 16 false false R17.htm 000170 - Disclosure - Note 11 - Loss Per Common Share Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote11LossPerCommonShare Note 11 - Loss Per Common Share Notes 17 false false R18.htm 000180 - Disclosure - Note 12 - Property and Equipment Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote12PropertyAndEquipment Note 12 - Property and Equipment Notes 18 false false R19.htm 000190 - Disclosure - Note 13 - Litigation Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote13Litigation Note 13 - Litigation Notes 19 false false R20.htm 000200 - Disclosure - Note 14 - Subsequent Events Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote14SubsequentEvents Note 14 - Subsequent Events Notes 20 false false R21.htm 000210 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesBasisOfPresentationPolicies Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 21 false false R22.htm 000220 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Going Concern (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesGoingConcernPolicies Note 2 - Summary of Significant Accounting Policies: Going Concern (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 22 false false R23.htm 000230 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesUseOfEstimatesPolicies Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 23 false false R24.htm 000240 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesCashAndCashEquivalentsPolicies Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 24 false false R25.htm 000250 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Concentration of Risk (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesConcentrationOfRiskPolicies Note 2 - Summary of Significant Accounting Policies: Concentration of Risk (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 25 false false R26.htm 000260 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Financial Instruments and Fair Value Measurement (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesFinancialInstrumentsAndFairValueMeasurementPolicies Note 2 - Summary of Significant Accounting Policies: Financial Instruments and Fair Value Measurement (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 26 false false R27.htm 000270 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesRevenueRecognitionPolicies Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 27 false false R28.htm 000280 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Shipping and Handling (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesShippingAndHandlingPolicies Note 2 - Summary of Significant Accounting Policies: Shipping and Handling (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 28 false false R29.htm 000290 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Deferred Income (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesDeferredIncomePolicies Note 2 - Summary of Significant Accounting Policies: Deferred Income (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 29 false false R30.htm 000300 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Inventories (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesInventoriesPolicies Note 2 - Summary of Significant Accounting Policies: Inventories (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 30 false false R31.htm 000310 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentPolicies Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 31 false false R32.htm 000320 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Impairment of Long-lived Assets and Goodwill (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesImpairmentOfLongLivedAssetsAndGoodwillPolicies Note 2 - Summary of Significant Accounting Policies: Impairment of Long-lived Assets and Goodwill (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 32 false false R33.htm 000330 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Advertising Expense (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesAdvertisingExpensePolicies Note 2 - Summary of Significant Accounting Policies: Advertising Expense (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 33 false false R34.htm 000340 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Debt (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesDebtPolicies Note 2 - Summary of Significant Accounting Policies: Debt (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 34 false false R35.htm 000350 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Accounting For Derivatives Liabilities (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesAccountingForDerivativesLiabilitiesPolicies Note 2 - Summary of Significant Accounting Policies: Accounting For Derivatives Liabilities (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 35 false false R36.htm 000360 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Modification of Debt Instruments (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesModificationOfDebtInstrumentsPolicies Note 2 - Summary of Significant Accounting Policies: Modification of Debt Instruments (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 36 false false R37.htm 000370 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Deferred Financing Costs, Net (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesDeferredFinancingCostsNetPolicies Note 2 - Summary of Significant Accounting Policies: Deferred Financing Costs, Net (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 37 false false R38.htm 000380 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Basic and Diluted Net Income Per Share (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesBasicAndDilutedNetIncomePerSharePolicies Note 2 - Summary of Significant Accounting Policies: Basic and Diluted Net Income Per Share (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 38 false false R39.htm 000390 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesIncomeTaxesPolicies Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 39 false false R40.htm 000400 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Stock Based Compensation (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesStockBasedCompensationPolicies Note 2 - Summary of Significant Accounting Policies: Stock Based Compensation (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 40 false false R41.htm 000410 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Non-cash Equity Transactions (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesNonCashEquityTransactionsPolicies Note 2 - Summary of Significant Accounting Policies: Non-cash Equity Transactions (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 41 false false R42.htm 000420 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesRecentAccountingPronouncementsPolicies Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies) Policies http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPolicies 42 false false R43.htm 000430 - Disclosure - Note 3 - Capital Stock: Schedule of Stockholders Equity (Tables) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote3CapitalStockScheduleOfStockholdersEquityTables Note 3 - Capital Stock: Schedule of Stockholders Equity (Tables) Tables 43 false false R44.htm 000440 - Disclosure - Note 3 - Capital Stock: Schedule of Share-based Compensation, Stock Options, Activity (Tables) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote3CapitalStockScheduleOfShareBasedCompensationStockOptionsActivityTables Note 3 - Capital Stock: Schedule of Share-based Compensation, Stock Options, Activity (Tables) Tables 44 false false R45.htm 000450 - Disclosure - Note 7 - Convertible Notes Payable: Schedule of Convertible Notes Payable Text Block (Tables) Notes http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote7ConvertibleNotesPayableScheduleOfConvertibleNotesPayableTextBlockTables Note 7 - Convertible Notes Payable: Schedule of Convertible Notes Payable Text Block (Tables) Tables 45 false false R46.htm 000460 - Disclosure - Note 8 - Derivative Liabilities: Schedule of Derivative Liabilities at Fair Value (Tables) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote8DerivativeLiabilitiesScheduleOfDerivativeLiabilitiesAtFairValueTables Note 8 - Derivative Liabilities: Schedule of Derivative Liabilities at Fair Value (Tables) Tables 46 false false R47.htm 000470 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Going Concern (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesGoingConcernDetails Note 2 - Summary of Significant Accounting Policies: Going Concern (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesBasisOfPresentationPolicies 47 false false R48.htm 000480 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Deferred Income (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesDeferredIncomeDetails Note 2 - Summary of Significant Accounting Policies: Deferred Income (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesDeferredIncomePolicies 48 false false R49.htm 000490 - Disclosure - Note 2 - Summary of Significant Accounting Policies: Advertising Expense (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesAdvertisingExpenseDetails Note 2 - Summary of Significant Accounting Policies: Advertising Expense (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote2SummaryOfSignificantAccountingPoliciesAdvertisingExpensePolicies 49 false false R50.htm 000500 - Disclosure - Note 3 - Capital Stock (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote3CapitalStockDetails Note 3 - Capital Stock (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote3CapitalStockScheduleOfStockholdersEquityTables 50 false false R51.htm 000510 - Disclosure - Note 3 - Capital Stock: Schedule of Stockholders Equity (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote3CapitalStockScheduleOfStockholdersEquityDetails Note 3 - Capital Stock: Schedule of Stockholders Equity (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote3CapitalStockScheduleOfStockholdersEquityTables 51 false false R52.htm 000520 - Disclosure - Note 3 - Capital Stock: Schedule of Share-based Compensation, Stock Options, Activity (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote3CapitalStockScheduleOfShareBasedCompensationStockOptionsActivityDetails Note 3 - Capital Stock: Schedule of Share-based Compensation, Stock Options, Activity (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote3CapitalStockScheduleOfShareBasedCompensationStockOptionsActivityTables 52 false false R53.htm 000530 - Disclosure - Note 4 - Inventories (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote4InventoriesDetails Note 4 - Inventories (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote4Inventories 53 false false R54.htm 000540 - Disclosure - Note 5 - Lease Commitments (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote5LeaseCommitmentsDetails Note 5 - Lease Commitments (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote5LeaseCommitments 54 false false R55.htm 000550 - Disclosure - Note 6 - Related Parties (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote6RelatedPartiesDetails Note 6 - Related Parties (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote6RelatedParties 55 false false R56.htm 000560 - Disclosure - Note 7 - Convertible Notes Payable: Schedule of Convertible Notes Payable Text Block (Details) Notes http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote7ConvertibleNotesPayableScheduleOfConvertibleNotesPayableTextBlockDetails Note 7 - Convertible Notes Payable: Schedule of Convertible Notes Payable Text Block (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote7ConvertibleNotesPayableScheduleOfConvertibleNotesPayableTextBlockTables 56 false false R57.htm 000570 - Disclosure - Note 7 - Convertible Notes Payable (Details) Notes http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote7ConvertibleNotesPayableDetails Note 7 - Convertible Notes Payable (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote7ConvertibleNotesPayableScheduleOfConvertibleNotesPayableTextBlockTables 57 false false R58.htm 000580 - Disclosure - Note 8 - Derivative Liabilities: Schedule of Derivative Liabilities at Fair Value (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote8DerivativeLiabilitiesScheduleOfDerivativeLiabilitiesAtFairValueDetails Note 8 - Derivative Liabilities: Schedule of Derivative Liabilities at Fair Value (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote8DerivativeLiabilitiesScheduleOfDerivativeLiabilitiesAtFairValueTables 58 false false R59.htm 000590 - Disclosure - Note 9 - Notes Payable (Details) Notes http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote9NotesPayableDetails Note 9 - Notes Payable (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote9NotesPayable 59 false false R60.htm 000600 - Disclosure - Note 10 - Income Tax (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote10IncomeTaxDetails Note 10 - Income Tax (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote10IncomeTax 60 false false R61.htm 000610 - Disclosure - Note 11 - Loss Per Common Share (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote11LossPerCommonShareDetails Note 11 - Loss Per Common Share (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote11LossPerCommonShare 61 false false R62.htm 000620 - Disclosure - Note 12 - Property and Equipment (Details) Sheet http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote12PropertyAndEquipmentDetails Note 12 - Property and Equipment (Details) Details http://www.vaporhubinternational.com/20160630/role/idr_DisclosureNote12PropertyAndEquipment 62 false false All Reports Book All Reports vhub-20160630.xml vhub-20160630.xsd vhub-20160630_cal.xml vhub-20160630_def.xml vhub-20160630_lab.xml vhub-20160630_pre.xml true true ZIP 84 0001511164-16-001073-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001511164-16-001073-xbrl.zip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end