XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Current assets:    
Cash $ 10,915 $ 58,260
Accounts receivable, net 276,772 85,958
Inventory, net 344,537 617,557
Loan receivables 147,550 144,050
Other current assets 74,219 52,832
Total current assets 853,993 958,657
Equipment, net 123,327 119,150
Intangible assets 1,814 1,814
Other assets 33,781 33,781
Total assets 1,012,914 1,113,402
Current liabilities:    
Bank overdraft 75,867 65,243
Note payable due to bank 25,982 25,982
Accounts payable and accrued liabilities 1,679,491 1,891,152
Customer deposits 217,314 43,087
Other payable 26,561
Accrued interest 259,938 241,513
Accrued compensation and personnel related payables 11,403 11,403
Notes payable due to shareholder 168,000 273,000
Loans payable 309,599 21,037
Convertible notes payable, net 419,167 419,167
Derivative liabilities 802,000 304,000
Total liabilities 3,995,322 3,995,584
Stockholders' deficiency:    
Preferred stock ($0.001 par value, 10,000,000 shares authorized, none issued and outstanding)
Common stock ($0.001 par value, 300,000,000 shares authorized, 157,745,198 and 157,745,198 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively 157,746 157,746
Additional paid-in capital 16,389,946 16,389,946
Shares to be issued 2,611,668 1,961,668
Accumulated deficit (22,141,769) (21,391,542)
Total stockholders' deficiency (2,982,408) (2,882,182)
Totoal liabilities and stockholder's deficiency $ 1,012,914 $ 1,113,402