XML 40 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2019
Jun. 30, 2019
Current assets:    
Cash $ 103,002 $ 34,371
Accounts receivable, net 158,000 218,145
Inventory, net 495,086 356,285
Loan receivables 10,500 85,533
Other current assets 2,458,692 2,719,875
Total current assets 3,225,281 3,414,209
Equipment, net 430,396 476,585
Intangible Asset 10,500 11,200
Other assets 58,970 23,970
Right of Use Assets - Non-Current 416,421
Advanced to Investments   18,000,000
Total Assets 4,141,568 21,925,965
Current liabilities:    
Note payable due to bank 25,982 25,982
Bank overdraft 5,907
Accounts payable and accrued liabilities 1,427,098 1,431,379
Customer deposits 222,284 287,789
Customer Overpayment   42,307
Unearned revenue 87,420 61,672
Other payable 458,412 420,450
Accrued interest 637,389 507,218
Accrued compensation and personnel related payables 24,528 24,528
Note Payable 20,000 20,000
Notes payable - related parties 18,000 18,000
Loans payable 192,030 214,585
Loans payable - related party 135,000 30,000
Convertible notes payable, net 1,378,221 1,046,909
Derivative liabilities 3,259,345 2,991,953
Warrants liabilities 15,663 24,658
Shares to be issued 262,000 100,000
Lease Liability - Current 110,824
Total current liabilities 8,280,102 7,247,431
Lease Liability - Non-Current 318,083
Total liabilities 8,598,185 7,247,431
Stockholders' equity:    
Preferred stock ($0.001 par value, 10,000,000 shares authorized, 3,165,001 and 2,000,000 issued and outstanding at December 31, 2019 and June 30, 2019, respectively) 3,165 2,000
Common stock ($0.001 par value, 1,990,000,000 shares authorized, 1,129,926,122 and 697,608,570 shares issued and outstanding at December 31, 2019 and June 30, 2019, respectively) 1,129,927 697,610
Additional paid-in capital 83,472,375 61,038,875
Shares to be cancelled, common shares (21,566,046)
Shares to be cancelled, preferred shares (10,725,014)
Shares to Be Issued, Common Shares 100,000 29,000
Accumulated deficiency (56,871,025) (47,088,950)
Total stockholders' equity (4,456,617) 14,678,534
Total liabilities and stockholders' equity $ 4,141,568 $ 21,925,965