XML 17 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (720,673) $ (5,217,894)
Adjustment to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 120,671 8,167
Bad debt expense 6,376 27,051
Stock based compensation 253,063 235,143
Amortization of debt discount 424,069
(Gain) loss on sale of fixed assets 23,252
Gain (loss) on extinguishment of debt (570,975)
(Gain)/Loss on derivative liability (3,258,891)
(Increase) decrease in:    
Accounts receivable (122,972) 8,273
Prepaid and other assets 6,963 (4,238)
Increase (Decrease) in:    
Accounts payable 3,440 110,899
Accrued expenses 33,876 52,546
Deferred income (282,768) (8,000)
Other liabilities 160,679
NET CASH (USED IN) OPERATING ACTIVITIES (493,258) (381,509)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment 3,888 10,213
Sale of property and equipment 23,641
Net cash on acquisition 22,773
Purchase of intangible assets 10,000
NET CASH PROVIDED BY INVESTING ACTIVITIES 19,753 2,560
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividend paid 40,000
Proceeds from issuance of notes payable 387,500 426,500
Net proceeds on line of credit 93,169
NET CASH PROVIDED BY FINANCING ACTIVITIES 440,669 426,500
NET INCREASE/(DECREASE) IN CASH (32,836) 47,551
CASH, BEGINNING OF YEAR 49,663 19,051
CASH, END OF PERIOD 16,827 66,602
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 16,104
Income taxes paid $ 1,962