| Document and Entity Information | 6 Months Ended |
| Dec. 31, 2016USD ($)shares | |
| Document and Entity Information: | |
| Entity Registrant Name | SANGUI BIOTECH INTERNATIONAL INC |
| Document Type | 10-Q |
| Document Period End Date | Dec. 31, 2016 |
| Trading Symbol | sgbi |
| Amendment Flag | false |
| Entity Central Index Key | 1,104,280 |
| Current Fiscal Year End Date | --06-30 |
| Entity Common Stock, Shares Outstanding | shares | 181,761,503 |
| Entity Public Float | $ | $ 181,761,503 |
| Entity Filer Category | Smaller Reporting Company |
| Entity Current Reporting Status | No |
| Entity Voluntary Filers | No |
| Entity Well-known Seasoned Issuer | No |
| Document Fiscal Year Focus | 2,017 |
| Document Fiscal Period Focus | Q2 |
| Consolidated Balance Sheets - USD ($) | Dec. 31, 2016 | Jun. 30, 2016 |
| CURRENT ASSETS | ||
| Cash | $ 116,129 | $ 70,074 |
| Prepaid expenses and other assets | 30,297 | 30,292 |
| Tax refunds receivable | 4,070 | |
| Accounts receivable, net | 644 | 504 |
| Note receivable, related party | 5,652 | 5,479 |
| Total Current Assets | 152,722 | 110,419 |
| PROPERTY AND EQUIPMENT, Net | 173 | |
| OTHER ASSETS | 12,943 | |
| TOTAL ASSETS | 165,838 | 110,419 |
| CURRENT LIABILITIES | ||
| Accounts payable and accrued expenses | 226,017 | 200,446 |
| Note payable | 146,328 | 149,094 |
| Other current liabilities | 16,817 | |
| Total Current Liabilities | 389,162 | 357,985 |
| STOCKHOLDERS' EQUITY (Deficit) | ||
| Common stock, no par value; 250,000,000 shares authorized, 181,761,503 and 165,372,503 shares issued and outstanding, respectively | 32,636,227 | 32,392,657 |
| Additional paid-in capital | 4,513,328 | 4,513,328 |
| Treasury stock, at cost | (19,387) | (19,387) |
| Accumulated other comprehensive income (loss) | 124,912 | 122,789 |
| Accumulated deficit | (36,878,435) | (36,669,318) |
| Total Stockholders' Equity (Deficit) | (223,324) | (247,566) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 165,839 | $ 110,419 |
| Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) | 3 Months Ended | 6 Months Ended | ||
| Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
| REVENUES | ||||
| Product sales | $ 25,797 | $ 15,385 | $ 35,508 | $ 26,856 |
| COST OF SALES | 376 | 144 | 658 | 229 |
| GROSS MARGIN | 25,421 | 15,241 | 34,850 | 26,627 |
| OPERATING EXPENSES | ||||
| Research and development | 3,908 | 1,455 | 8,328 | 35,507 |
| Professional fees | 129,480 | 113,628 | 169,190 | 156,145 |
| General and administrative | 40,755 | 42,048 | 75,947 | 84,565 |
| Total Operating Expenses | 174,143 | 157,131 | 263,465 | 276,217 |
| OPERATING LOSS | (148,722) | (141,890) | (218,615) | (249,590) |
| OTHER INCOME (EXPENSE) | ||||
| Gain in change in derivative liability | 2,940 | 2,940 | ||
| Amortization of debt discount | (2,708) | 2,706 | ||
| Gain on sale of interest in joint venture | 6,844 | 6,844 | ||
| Interest expense | (1,053) | (14,926) | (2,835) | (16,327) |
| Loss before income taxes and non-controlling interest | (149,775) | (149,738) | (221,450) | (258,839) |
| PROFIT (LOSS) | $ (149,775) | $ (149,738) | $ (221,450) | $ (258,839) |
| BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 173,617,871 | 149,111,817 | 173,617,871 | 149,111,817 |
| Consolidated Statements of Cash Flows - USD ($) | 6 Months Ended | |
| Dec. 31, 2016 | Dec. 31, 2015 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $ (218,615) | $ (258,839) |
| Adjustments to reconcile net loss to net cash used by operating activities: | ||
| Gain on change in derivative liability | (2,940) | |
| Amortization of deferred finance fees | 10,685 | |
| Common stock issued for services | 9,620 | |
| Common stock issued for accrued interest | 2,973 | |
| Amortization of debt discount | 2,706 | |
| Loss on sale of interest in joint venture | 188,027 | |
| Changes in operating assets and liabilities | ||
| Trade accounts receivable | $ (170) | (16,860) |
| Prepaid expenses and other current assets | (1,482) | (120) |
| Tax refunds receivable | (9,296) | 12,329 |
| Accounts payable and accrued expenses | (1,898) | 152,165 |
| Related parties accounts payable | 38,934 | (92,128) |
| Net Cash Used in Operating Activities | $ (183,379) | (1,925) |
| Proceeds from sale of interest in joint venture | 6,977 | |
| Net Cash Used in Investing Activities | $ 6,977 | |
| Common stock issued for cash | 233,950 | 232,698 |
| Net Cash Provided by Financing Activities | $ 233,950 | $ 232,698 |
| Effects of exchange rate | (20,525) | (167,349) |
| NET INCREASE (DECREASE) IN CASH | 30,048 | 70,401 |
| CASH AT BEGINNING OF PERIOD | 70,074 | 17,672 |
| CASH AT END OF PERIOD | 180,122 | 88,273 |
| CASH PAID FOR: | ||
| Interest | $ 1,542 | 1,542 |
| NON CASH INVESTING AND FINANCING ACTIVITIES | ||
| Debt discount on convertible note and related derivative | $ 50,000 | |
| Note 1 - Basis of Presentation | 6 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note 1 - Basis of Presentation | NOTE 1 - BASIS OF PRESENTATION The accompanying consolidated financial statements have been prepared without audit in accordance with accounting principles generally accepted in the United States of America for interim financial information. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. The unaudited consolidated financial statements and notes should, therefore, be read in conjunction with the consolidated financial statements and notes thereto in the Company's Form 10-K for the year ended June 30, 2016. In the opinion of management, all adjustments (consisting of normal and recurring adjustments) considered necessary for a fair presentation, have been included. The results of operations for the three and six months ended December 31, 2016 are not necessarily indicative of the results that may be expected for the full fiscal year ending June 30, 2017. |
| Note 2 - Summary of Significant Accounting Policies | 6 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note 2 - Summary of Significant Accounting Policies | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business Sangui Biotech International, Inc., incorporated in Colorado in 1995, and its subsidiary, Sangui BioTech GmbH (Sangui GmbH). Sangui GmbH, which is headquartered in Witten, Germany, are engaged in the development of artificial oxygen carriers (external applications of hemoglobin, blood substitutes and blood additives) as well as in the development, marketing and sales of cosmetics and wound management products. Consolidation The consolidated financial statements include the accounts of Sangui BioTech International, Inc. and its ninety percent owned subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation. Foreign Currency Translation Assets and liabilities of the Company's foreign operations are translated into U.S. dollars at period-end exchange rates. Net exchange gains or losses resulting from such translation are excluded from net loss but are included in comprehensive income (loss) and accumulated in a separate component of stockholders' equity. Income and expenses are translated at weighted average exchange rates for the period. Exchanges rates used for the preparation of the consolidated balance sheet as of December 31, 2016 and June 30, 2016 and our unaudited consolidated statements of operations for the six month periods ended December 31, 2016 and 2015, were calculated as follows: as of December 31, 2016 USD 1 : EUR 0.9501 as of June 30, 2016 USD 1 : EUR 0.9152 July 1 through December 31, 2016 USD 1 : EUR 0.9270 July 1 through December 31, 2015 USD 1 : EUR 0.932 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Risk and Uncertainties The Company's line of future pharmaceutical products (artificial oxygen carriers or blood substitute and additives) and medical products (wound dressings and other wound management products) being developed by Sangui GmbH, are deemed as medical devices or biologics, and as such are governed by the Federal Food and Drug and Cosmetics Act and by the regulations of state agencies and various foreign government agencies. The pharmaceutical, under development in Germany, will be subject to more stringent regulatory requirements, because they are in vivo products for humans. The Company and its subsidiaries have no experience in obtaining regulatory clearance on these types of products. Therefore, the Company will be subject to the risks of delays in obtaining or failing to obtain regulatory clearance. Going Concern The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has accumulated deficit of $36,878,435 as of December 31, 2016. The Company incurred an net operating loss of $221,450 during the six months ended December 31, 2016 and used cash in operating activities of $198,543 during the six months ended December 31, 2016. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company expects to continue to incur significant capital expenses in pursuing its business plan to market its products and expand its product line, while obtaining additional financing through stock offerings or other feasible financing alternatives. In order for the Company to continue its operations at its existing levels, the Company will require significant additional funds over the next twelve months. Therefore, the Company is dependent on funds raised through equity or debt offerings. Additional financing may not be available on terms favorable to the Company, or at all. If these funds are not available the Company may not be able to execute its business plan or take advantage of business opportunities. The ability of the Company to obtain such additional financing and to achieve its operating goals is uncertain. In the event that the Company does not obtain additional capital, is not able to collect its outstanding receivables or is not able to increase cash flow through the increase of sales, there is a substantial doubt of its being able to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Cash and Cash Equivalents The Company maintains its cash in bank accounts in Germany. Cash and cash equivalents include time deposits for which the Company has no requirements for compensating balances. The Company has not experienced any losses in its uninsured bank accounts. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Derivative Liabilities ASC 815 generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as freestanding derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument subject to the requirements of ASC 815. ASC 815 also provides an exception to this rule when the host instrument is deemed to be conventional, as described. The Company had no derivative liabilities as of December 31, 2016 and for the period then ended. The Company assessed the classification of its derivative financial instruments as of December 31, 2015, which consist of convertible instruments and rights to shares of the Companys common stock, and determined that such derivatives meet the criteria for liability classification under ASC 815. The Company accounts for convertible instruments (when it has determined that the embedded conversion options should not be bifurcated from their host instruments) in accordance with professional standards when Accounting for Convertible Securities with Beneficial Conversion Features, as those professional standards pertain to Certain Convertible Instruments. Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of redemption. Research and Development Research and development costs are charged to operations as they are incurred. Legal fees and other direct costs incurred in obtaining and protecting patents are expensed as incurred. Revenue Recognition Product sales revenue is recognized when the sales amount is determined, shipment of goods to the customer has occurred and collection is reasonably assured. Product is shipped FOB origination. Product royalty revenue is recognized when the licensee has reported the product sales to the Company. Product royalty revenue is calculated based upon the contractual percentage of reported sales. Basic and Diluted Earnings (Loss) Per Common Share Basic earnings (loss) per common share is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period of computation. Diluted earnings (loss) per share give effect to all potential dilutive common shares outstanding during the period of compensation. The computation of diluted earnings (loss) per share does not assume conversion, exercise or contingent exercise of securities that would have an antidilutive effect on earnings. As of December 31, 2016, the Company had no potentially dilutive securities that would affect the loss per share if they were to be dilutive. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Comprehensive Income (Loss) Total comprehensive income (loss) represents the net change in stockholders' equity during a period from sources other than transactions with stockholders and as such, includes net earnings (loss). For the Company, the components of other comprehensive income (loss) are the changes in the cumulative foreign currency translation adjustments and unrealized gains (losses) on marketable securities and are recorded as components of stockholders' equity. |
| Note 3 - Commitments and Contingencies | 6 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note 3 - Commitments and Contingencies | NOTE 3 - COMMITMENTS AND CONTINGENCIES Litigation The Company may, from time to time, be involved in various legal disputes resulting from the ordinary course of operating its business. Management is currently not able to predict the outcome of any such cases. However, management believes that the amount of ultimate liability, if any, with respect to such actions will not have a material effect on the Company's financial position or results of operations. Indemnities and Guarantees During the normal course of business, the Company has made certain indemnities and guarantees under which it may be required to make payments in relation to certain transactions. These indemnities include certain agreements with the Company's officers, under which the Company may be required to indemnify such person for liabilities arising out of their employment relationship. The duration of these indemnities and guarantees varies and, in certain cases, is indefinite. The majority of these indemnities and guarantees do not provide for any limitation of the maximum potential future payments the Company could be obligated to make. Historically, the Company has not been obligated to make significant payments for these obligations and no liabilities have been recorded for these indemnities and guarantees in the accompanying consolidated balance sheet. |
| Note 4 - Note Payable, Related Parties | 6 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note 4 - Note Payable, Related Parties | NOTE 4 NOTE PAYABLE, RELATED PARTIES On March 6, 2015, the Company entered into a note payable with a shareholder for $110,940. The note payable accrues interest at 5 percent per annum, is due on March 31, 2017 and is unsecured. As of December 31, 2016, due to a change in the ownership of the note, the Company has discontinued recording it as a related party obligation. |
| Note 5 - Convertible Note Payable | 6 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note 5 - Convertible Note Payable | NOTE 5 CONVERTIBLE NOTE PAYABLE On May 11, 2015, the Company entered into an unsecured note payable for $50,000 (related to the Equity Purchase Agreement or EPA disclosed in Note 6) due on November 30, 2015 with interest accruing at 10% annually. The note payable was entered into as consideration to the investor for execution of the EPA. Accordingly, the Company recorded $50,000 to Deferred financing costs which will be amortized ratably over the period ending December 31, 2016. During the period ended December 31, 2015, the Company amortized 10,685 of the deferred financing costs. On December 9, 2015, the Company agreed to change the terms of the note representing the deferred financing costs, making the note convertible and extending the repayment of the note as due on or before December 31, 2016. The repayment is subject to the convertible features of the note. The creditor has a conversion option allowing it to choose to receive repayment of the stated principal and interest (10% per annum) either in cash or, at the creditors option, in the Companys restricted common stock. If paid in cash the principal repayment is $50,000. The change in the status of the note from a note payable of $50,000 to a convertible note payable of $50,000, results in an extinguishment of debt wherein a debt discount of $50,000 was recorded. At December 31, 2015, the Company had recognized amortization of debt discount of $2,706, resulting in a debt discount balance of $47,294. In connection with the change in the status of the note, it was treated as a convertible note. The Company identified embedded derivatives related to the Convertible Promissory Note entered into as of December 9, 2015 and December 31, 2015. These embedded derivatives included certain conversion features, including a variable exercise price calculated by taking 60% the average of the 5 lowest days trading prices in the 20 days leading up to conversion. The accounting treatment of derivative financial instruments requires that the Company record the fair value of the derivatives as of the inception date of the Convertible Promissory Note provisions and to adjust the fair value as of each subsequent balance sheet date. The fair value of the embedded derivative was determined using the Black-Scholes Model based on the following assumptions: Dividend yield: 0 % Volatility 157.93 % Risk free rate: 0.49 % The initial fair value of the derivative liability was $74,650, of which $50,000 was recorded as a debt discount against the $50,000 Convertible Promissory Note. At December 31, 2015 the Company determined a fair value of $47,060 of the embedded derivative resulting in a net gain derivative liability of $2,940. On December 14, 2015, the Company issued 165,144 shares of common stock valued at $2,973 to pay the accrued interest on the note as interest expense. The change to a convertible note was treated as effective on December 9, 2015 and the value of the stock to be issued was included as accrued expense and interest was charged $4,954 during the quarter, based upon the trading value of the common stock at the date issued. |
| Note 6 - Capital Stock | 6 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note 6 - Capital Stock | NOTE 6 CAPITAL STOCK Preferred Stock Common Stock On May 11, 2015, the Company entered into an equity purchase agreement (the EPA) with an unrelated investor (the Investor). The EPA is a put option contract wherein, at the Companys sole discretion, up to $5,000,000 of common stock may be sold to the Investor for a period of 3 years ending May 2018. Under the terms of the EPA, the Company issued 208,333 shares pursuant to a put notice for $10,000 during the period ending December 31, 2015 (no shares during the year ended June 30, 2015). The put notice yielded $1,500 in cash against 37,037 of the 208,333 shares. In addition to these 37,037 shares, concurrent with the extension of the related $50,000 Convertible Promissory Note (see Note 5), the investor converted $2,973 in accrued interest into 165,144 shares leaving 6,152 shares held by the investor that are receivable by the Company. During the six months ended December 31, 2016, the Company sold 15,555,000 shares of common stock to 9 individuals for $233,950 ($0.02 per share) and issued 834,000 shares for services valued at $9,620 ($0.01 per share). |
| Note 7- Investment in Joint Venture and Note Payable | 6 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note 7- Investment in Joint Venture and Note Payable | NOTE 7 INVESTMENT IN JOINT VENTURE AND NOTE PAYABLE During the six months ended December 31, 2016, the Company sold its interest in the Sastomed joint venture, for 6,250 Euros, resulting in a gain recorded in Other Income. The sale of the joint venture terminated the relationship with Sastomed. Accordingly, the note payable of $37,509, which was previously recorded as a related party note payable, is now classified as non-related party note payable. The note payable accrues interest at 4% annum and is due June 8, 2016. |
| Note 8 - Subsequent Events | 6 Months Ended |
| Dec. 31, 2016 | |
| Notes | |
| Note 8 - Subsequent Events | NOTE 8 SUBSEQUENT EVENTS In accordance with ASC 855-10, the Companys management has reviewed all material events and there are no additional material subsequent events to report |
