XML 15 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows Statement (Unaudited) - USD ($)
9 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:        
Net loss $ (10,052,588) $ (4,278,813) $ (6,296,390) $ (4,713,697)
Adjustments to reconcile net loss to cash flows from operating activities:        
Excess of debt discount over the principal 149,143 125,642    
Bad Debt Expense     129,418
Inventory Impairment Loss     70,332
Initial valuation of debt discount     237,547
Loss on settlement 295,963 250,460 44,607
Change in exercise of warrant (1,208) 15,150 25,250
Realized Loss on Notes Converted     1,172,000
Gain on debt forgiveness (16,649)    
Amortization of debt discount 870,355 364,663    
Derivative Expense and amortization of debt discount     1,781,337
Stock based compensation     1,038,270
Stock compensation expense 3,151,206 789,229 1,038,270 1,257,261
Change in fair value of derivative liability 4,171,733 1,384,423 525,394 437,000
Amortization of Intangible Assets 1,050 1,400  
Depreciation and amortization 41,482 85,807 105,558 42,587
Changes in operating assets and liabilities        
Accounts receivable 77,653 (239,302) (340,405) 95,638
Inventory (96,120) 100,447 36,980 (170,300)
Other assets (30,000) (374,664) (11,670) (61,120)
Loan Receivable (33,904) (147,872)
Prepayment, deposits and other receivables (168,067) (566,229)
Amount due to a related party     (23,086)
Checks Issued in Excess of Cash     (28,377)
Bank overdraft 13,260    
Accounts payable and accrued liabilities (161,930) (194,809) 222,010 123,560
Customer deposits (19,381) 66,713 96,918 (15,708)
Unearned revenue (45,129) (11,970) 46,838 (30,218)
Interest Payable 236,826 53,137    
Accrued interest and other payables 125,468 385,439 (76,428)
Net cash used in operating activities (1,504,097) (1,865,597) (2,894,210) (1,918,210)
Cash flows from investing activities:        
Acquisition of intangible assets (13,999) (7,325)
Acquisition of property and equipment (297,154) (133,132) (171,096) (24,052)
Net cash provided by (used in) investing activities (297,154) (147,131) (178,421) (24,052)
Cash flows from financing activities:        
Proceeds from shares issuance 155,000 82,000 125,000
Proceeds from shares to be issued 1,322,685 1,798,000 125,000
Proceeds from convertible notes 1,630,500 652,653 1,222,722 1,769,523
Payment to Note payable-related parties (5,000) (22,666)    
Proceeds (Repayment) from(to) loans 12,546 30,342 156,228 (566,453)
Proceeds from loans     795,420
Repayment to Related Parties   (158,617) (226,078) (1,650,560)
Proceeds from loan payable-related parties     1,445,301
Proceeds from advance share issuance   95,094    
Net cash provided by (used in) financing activities 1,793,046 1,919,491 3,012,872 2,043,231
Net increase (decrease) in cash (8,205) (93,237) (59,759) 100,969
Cash, beginning of period 42,121 101,880 101,880 911
Cash, end of period 33,916 8,643 42,121 101,880
Cash paid during the period for:        
Interest     144,200
Income taxes     25,212
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 $ 306,810 $ 620,965
Shares issued for advanced share payment $ 2,641,000