Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2017

Organization And Summary Of Significant Accounting Policies Tables

Schdule of Basic Loss Per Share of Common Stock

Basic Loss Per Share of Common Stock

	For the Year			For the Year
	Ended June 30,			Ended June 30,
	2017			2016
Loss (numerator)	$	(1,113,027	)	$	(3,468,720	)
Shares (denominator)		67,331,791			62,002,533
Per Share Amount	$	(0.02	)	$	(0.06	)

Schedule of tax provision (benefit)

The tax provision (benefit) for the year-ended June 30, 2017 and the year ended June 30, 2016 consisted of the following:

	2017		2016
Current:
Federal	$	-	$	-
State		-		-
Deferred
Federal		-		-
State		-		-
Total tax provision (benefit)	$	-	$	-

Schedule of deferred tax assets

The Company’s total deferred tax liabilities, deferred tax assets, and deferred tax asset valuation allowances at June 30, 2017 and June 30, 2016 are as follows:

	2017			2016
Net Operating Losses:
Federal	$	(57,077,133	)	$	(55,964,106	)
State		-			-
Total net operating losses	$	(57,077,133	)	$	(55,964,106	)
Deferred Tax Provision:
Total tax provision (benefit)		(19,406,225	)		(19,027,796	)
Less valuation allowance		19,406,225			19,027,796
Deferred tax asset	$	-		$	-

Schedule of Reconciliation of income tax computed at statutory rate

The reconciliation of income tax computed at statutory rates of income tax benefits is as follows:

	2017			2016
Expense (benefit) at federal statutory rate	$	(378,429	)	$	(1,179,365	)
State tax effects		-			-
Non deductible expenses		-			-
Deferred tax asset valuation allowance		378,429			1,179,365
Income tax provision (benefit)	$	-		$	-