XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows Statement (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (10,052,588) $ (4,278,813)
Adjustments to reconcile net loss to cash flows from operating activities:    
Excess of debt discount over the principal 149,143 125,642
Loss on settlement 295,963 250,460
Gain on debt forgiveness (16,649)
Amortization of debt discount 870,355 364,663
Stock based compensation 3,151,206 789,229
Change in fair value of derivative liability 4,171,733 1,384,423
Amortization of Intangible Assets 1,050
Change in exercise of warrant (1,208)
Depreciation and amortization 41,482 85,807
Changes in operating assets and liabilities    
Accounts receivable 77,653 (239,302)
Inventory (96,120) 100,447
Prepayment, deposits and other receivables (168,067)
Loan receivable (33,904)
Other assets (30,000) (374,664)
Bank overdraft 13,260
Accounts payable and accrued liabilities (161,930) (194,809)
Customer deposits (19,381) 66,713
Unearned revenue (45,129) (11,970)
Interest Payable 236,826 53,137
Accrued interest and other payables 125,468
Net cash used in operating activities (1,504,097) (1,865,597)
Cash flows from investing activities:    
Acquisition of intangible assets (13,999)
Acquisition of property and equipment (297,154) (133,132)
Net cash provided by (used in) investing activities (297,154) (147,131)
Cash flows from financing activities:    
Proceeds from shares to be issued 1,322,685
Proceeds from shares issuance 155,000
Proceeds from convertible notes 1,630,500 652,653
Payment to Note payable-related parties (5,000) (22,666)
Proceeds (Repayment) from(to) loans 12,546 30,342
Proceeds from loan payable-related parties (158,617)
Proceeds from advance share issuance 95,094
Net cash provided by (used in) financing activities 1,793,046 1,919,491
Net increase (decrease) in cash (8,205) (93,237)
Cash, beginning of period 42,121 101,880
Cash, end of period 33,916 8,643
Supplemental disclosure of non-cash financing activities:    
Shares issued for conversion of convertible debt 564,051
Reduction in derivative liability due to conversion 6,575,434
Debt discount related to convertible debt 2,217,123
Debts settled through shares issuance 1,875,647 993,250
Shares issued for advanced share payment $ 2,641,000