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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
REVENUE        
Revenue $ 0 $ 0 $ 0 $ 0
OPERATING EXPENSES        
Administration expenses 996,129 244,431 1,845,108 475,913
Occupancy expenses 4,889 2,567 9,827 5,344
Research and development 142,803 2,443 296,277 6,322
TOTAL OPERATING EXPENSES 1,143,821 249,441 2,151,212 487,579
LOSS FROM OPERATIONS (1,143,821) (249,441) (2,151,212) (487,579)
OTHER INCOME (EXPENSE)        
Interest expense (1,155,645) (100,176) (1,574,289) (648,655)
Interest income 0 0 2,027 3
Other expense 0 0 0 (50,002)
Change in fair value of derivative liabilities (1,347,743) 8,206 (551,890) 122,742
Gain (loss) on debt settlements, net (58,893) 71,147 (58,893) 34,884
Foreign currency transaction gain (loss) 72,035 (157,655) (138,704) (182,612)
TOTAL OTHER INCOME (EXPENSE) (2,490,246) (178,478) (2,321,749) (723,640)
LOSS BEFORE INCOME TAXES (3,634,067) (427,919) (4,472,961) (1,211,219)
INCOME TAX BENEFIT 72,000 82,440 72,000 82,440
NET INCOME (LOSS) (3,562,067) (345,479) (4,400,961) (1,128,779)
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation gain (loss) (146,551) 103,320 111,879 218,137
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) $ (3,708,618) $ (242,159) $ (4,289,082) $ (910,642)
BASIC AND DILUTED NET LOSS PER SHARE (in dollars per share) $ (0.01) $ (0.00) $ (0.01) $ (0.01)
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING (in shares) 399,822,354 95,007,061 375,025,485 85,827,403