Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Sep. 30, 2017 | Nov. 14, 2017 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2017 | |
Trading Symbol | lexg | |
Entity Registrant Name | Lithium Exploration Group, Inc. | |
Entity Central Index Key | 1,375,576 | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 3,932,278,387 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well Known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Sep. 30, 2017 | Jun. 30, 2017 |
Current | ||
Cash and cash equivalents | $ 31,446 | $ 33,136 |
Prepaid expenses | 1,100 | 1,100 |
Current assets held for sale | 20,740 | 19,852 |
Total current assets | 53,286 | 54,088 |
Advances to WhiteTop | 854,620 | 783,620 |
Total Assets | 907,906 | 837,708 |
Current | ||
Accounts payable and accrued liabilities | 84,158 | 90,864 |
Derivative liability - convertible promissory notes | 2,631,179 | 3,386,251 |
Derivative liability - warrants | 429,425 | 338,873 |
Due to related party | 115,000 | 115,000 |
Convertible promissory notes - net of unamortized debt discount | 2,535,542 | 2,841,109 |
Accrued interest - convertible promissory notes | 265,992 | 210,202 |
Current liabilities held for sale | 6,733 | 6,429 |
Total Current Liabilities | 6,068,029 | 6,988,728 |
Commitments and contingencies | ||
DEFICIT | ||
Capital stock Authorized: 100,000,000 preferred shares, $0.001 par value, Issued and outstanding: 70,000,000 Series C preferred shares (June 30, 2017 - Nil) | 70,000 | 0 |
10,000,000,000 common shares, $0.001 par value, Issued and outstanding: 3,530,818,688 common shares (June 30, 2017 - 2,649,152,021) | 3,530,818 | 2,649,152 |
Additional paid-in capital | 49,748,634 | 49,269,348 |
Accumulated other comprehensive loss | (33,068) | (33,890) |
Accumulated deficit | (58,124,417) | (57,683,563) |
Total Lithium Exploration Group, Inc. Stockholders' Deficit | (4,808,033) | (5,798,953) |
Non-Controlling Interest | (352,090) | (352,067) |
Total Deficit | (5,160,123) | (6,151,020) |
Total Liabilities and Deficit | $ 907,906 | $ 837,708 |
CONDENSED CONSOLIDATED BALANCE3
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Sep. 30, 2017 | Jun. 30, 2017 |
Preferred Stock, Shares Authorized | 100,000,000 | 100,000,000 |
Preferred Stock, Par Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 10,000,000,000 | 10,000,000,000 |
Common Stock, Par Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 70,000,000 | |
Preferred Stock, Shares Outstanding | 70,000,000 | |
Common Stock, Shares, Issued | 3,530,818,688 | 2,649,152,021 |
Common Stock, Shares, Outstanding | 3,530,818,688 | 2,649,152,021 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) | 3 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Revenue | $ 0 | $ 0 |
Operating Expenses: | ||
Mining expenses | 0 | 35,083 |
Selling, general and administrative | 187,341 | 178,657 |
Total operating expenses | 187,341 | 213,740 |
Loss from operations | (187,341) | (213,740) |
Other income (expenses) | ||
Interest expense | (473,520) | (223,216) |
Gain (loss) on change in the fair value of derivative liability | 981,563 | (1,150,330) |
Amortization of debt discount | (761,531) | (142,332) |
Loss on extinguishment of liability | 0 | (1,491,082) |
Total Other income (expenses) | (253,488) | (3,006,960) |
Income loss before income taxes | (440,829) | (3,220,700) |
Provision for Income Taxes | 0 | 0 |
Net loss from continuing operations | (440,829) | (3,220,700) |
Loss from discontinued operations | (48) | (31) |
Net loss | (440,877) | (3,220,731) |
Less: Net loss attributable to the non-controlling interest | (23) | (15) |
Net loss attributable to Lithium Exploration Group, Inc. common shareholders | $ (440,854) | $ (3,220,716) |
Basic and Diluted Loss per Common Share from continuing operations | $ 0 | $ (0.07) |
Basic and Diluted Loss per Common Share from discontinued operations | $ 0 | $ 0 |
Basic and Diluted Weighted Average Number of Common Shares Outstanding | 3,154,822,312 | 48,779,903 |
Comprehensive loss: | ||
Net loss | $ (440,877) | $ (3,220,731) |
Foreign currency translation adjustment | 822 | (121) |
Comprehensive loss: | (440,055) | (3,220,852) |
Comprehensive loss attributable to non-controlling interest | (23) | (15) |
Comprehensive loss attributable to Lithium Exploration Group, Inc. common shareholders | $ (440,032) | $ (3,220,837) |
CONDENSED CONSOLIDATED STATEME5
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT - USD ($) | Preferred Shares [Member] | Common Shares [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Loss [Member] | Accumulated Deficit [Member] | Non-controlling Interest [Member] | Total |
Beginning Balance at Jun. 30, 2016 | $ 119,773 | $ 48,598,773 | $ (33,731) | $ (50,806,439) | $ (351,976) | $ (2,473,600) | |
Beginning Balance (Shares) at Jun. 30, 2016 | 119,772,784 | ||||||
Common shares issued for debt conversion and interest | $ 2,339,379 | (1,072,560) | 1,266,819 | ||||
Common shares issued for debt conversion and interest (Shares) | 2,339,379,237 | ||||||
Derivative liability transferred to paid in capital on conversion of note | 1,818,596 | 1,818,596 | |||||
Common shares issued for exercise of warrants | $ 190,000 | (75,461) | 114,539 | ||||
Common shares issued for exercise of warrants (Shares) | 190,000,000 | ||||||
Foreign exchange translation | (159) | (159) | |||||
Net loss for the period | (6,877,124) | (91) | (6,877,215) | ||||
Ending Balance at Jun. 30, 2017 | $ 2,649,152 | 49,269,348 | (33,890) | (57,683,563) | (352,067) | (6,151,020) | |
Ending Balance (Shares) at Jun. 30, 2017 | 2,649,152,021 | ||||||
Common shares issued for debt conversion and interest | $ 870,000 | (577,500) | 292,500 | ||||
Common shares issued for debt conversion and interest (Shares) | 870,000,000 | ||||||
Derivative liability transferred to paid in capital on conversion of note | 372,939 | 372,939 | |||||
Common shares issued for accounts payable | $ 11,666 | (3,500) | 8,166 | ||||
Common shares issued for accounts payable (Shares) | 11,666,667 | ||||||
Preferred shares issued for settlement of debt and accrued interest | $ 70,000 | 687,347 | 757,347 | ||||
Preferred shares issued for settlement of debt and accrued interest (Shares) | 70,000,000 | ||||||
Foreign exchange translation | 822 | 822 | |||||
Net loss for the period | (440,854) | (23) | (440,877) | ||||
Ending Balance at Sep. 30, 2017 | $ 70,000 | $ 3,530,818 | $ 49,748,634 | $ (33,068) | $ (58,124,417) | $ (352,090) | $ (5,160,123) |
Ending Balance (Shares) at Sep. 30, 2017 | 70,000,000 | 3,530,818,688 |
CONDENSED CONSOLIDATED STATEME6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash Flows from Operating Activities | ||
Net loss from continuing operations | $ (440,829) | $ (3,220,700) |
Loss from discontinued operations | (48) | (31) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Non-cash Interest expense | 270,825 | 199,679 |
Common shares issued for interest | 0 | 85 |
(Gain) on change in the fair value of derivative liability | (981,563) | 1,150,330 |
Amortization of debt discount | 761,531 | 142,332 |
Loss on extinguishment of debt and derivative liabilities | 0 | 1,491,082 |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 0 | 1,688 |
Accrued interest | 113,649 | 23,452 |
Accounts payable and accrued liabilities | 1,461 | (23,361) |
Net cash used in operating activities from continuing operations | (274,974) | (235,444) |
Net cash provided by operating activities from discontinued operations | (584) | 142 |
Net cash used in operating activities | (275,558) | (235,302) |
Cash Flows from Investing Activities | ||
Investment in PetroChase, Inc. | 0 | (250,000) |
Advances to WhiteTop | (71,000) | 0 |
Net cash used in investing activities | (71,000) | (250,000) |
Cash Flows from Financing Activities | ||
Proceed from issuance of convertible promissory notes, net | 344,046 | 500,000 |
Net cash provided by financing activities | 344,046 | 500,000 |
Effect of foreign currency exchange | 822 | (67) |
(Decrease) increase in cash and cash equivalents | (1,690) | 14,631 |
Cash and cash equivalents - beginning of period | 33,136 | 25,208 |
Cash and cash equivalents - end of period | 31,446 | 39,839 |
Cash paid during the period for: | ||
Interest | 0 | 0 |
Income taxes | 0 | 0 |
Non-cash investing and financing activities: | ||
Common stock issued for debt conversion and accrued interest | 292,500 | 21,475 |
Common stock issued for accounts payable | 8,166 | 0 |
Preferred stock issued for debt settlement | 757,347 | 0 |
Derivative liability re-classed to additional paid in capital | 372,939 | 36,147 |
Debt discount on issuance of convertible note and warrants | 419,156 | 804,019 |
Initial derivative liability on note and warrant issuance | 689,981 | 1,003,702 |
Interest reclassed to convertible note | $ 0 | $ 1,540 |
ORGANIZATION
ORGANIZATION | 3 Months Ended |
Sep. 30, 2017 | |
ORGANIZATION [Text Block] | NOTE 1 - ORGANIZATION Lithium Exploration Group, Inc. (the “Company”) is a U.S.-based exploration and development company that had been focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused testing its SonCav Technology for use in the oil and gas industry and the acquisition of oil and gas related assets in Western Canada and Southwest Louisiana. The Company was incorporated on May 31, 2006 in the State of Nevada under the name “Mariposa Resources, Ltd.” Effective November 30, 2010, it changed its name to “Lithium Exploration Group, Inc.,” by way of a merger with its wholly-owned subsidiary Lithium Exploration Group, Inc., which was formed solely for the change of name. As used in this Quarterly Report on Form 10-Q and the accompanying unaudited condensed consolidated financial statements and notes, and unless otherwise indicated, the terms “we,” “us,” “our” or the “Company” refer to Lithium Exploration Group, Inc. a Nevada corporation, including our wholly-owned subsidiaries, Alta Disposal Ltd., an Alberta, Canada corporation (“Alta Disposal”), Black Box Energy, Inc., a Nevada corporation (“Black Box Energy”), and our 51% owned subsidiary, Alta Disposal Morinville Ltd., (formerly Bluetap Resources, Ltd.) an Alberta, Canada corporation (“ADM”), unless otherwise indicated. On October 17, 2014, the Company amended its Articles of Incorporation, which amendment was filed with the Nevada Secretary of State on October 17, 2014, to increase the authorized capital of common shares from 500,000,000 common shares, par value $0.001, to 2,000,000,000 common shares, par value $0.001. The then authorized capital consists of 2,000,000,000 common shares and 100,000,000 preferred shares, all with a par value of $0.001. On January 19, 2015, the Company received written consent from its Board of Directors to implement a reverse stock split of its issued and outstanding shares of common stock on a basis of 20 old shares of common stock for 1 new share of common stock. Stockholders of the Company originally approved the reverse stock split on October 14, 2014 at a special meeting. The reverse stock split was reviewed and approved for filing by FINRA and made effective on February 25, 2015. On July 13, 2015, the Board of Directors approved an increase in authorized capital from 2,000,000,000 shares of common stock, par value $0.001, to 10,000,000,000 shares of common stock, par value of $0.001 per share, and a reverse stock split on a basis of up to 200 old shares of common stock for 1 share of common stock. The increase of authorized capital and stock split was approved by shareholders on July 13, 2015. The Company’s executive offices are located at 4635 South Lakeshore Drive, Suite 200, Tempe, AZ 85282-7127. The telephone number for our Tempe office is (480) 641-4790. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Sep. 30, 2017 | |
SIGNIFICANT ACCOUNTING POLICIES [Text Block] | NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES Basis of presentation and consolidation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. These interim financial statements as of and for the three months ended September 30, 2017 and 2016 are unaudited; however, in the opinion of management, such statements include all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position, results of operations and cash flows of the Company for the periods presented. The results for the three months ended September 30, 2017 are not necessarily indicative of the results to be expected for the year ended June 30, 2018 or for any future period. All references to September 30, 2017 and 2016 in these footnotes are unaudited. Principal of Consolidation The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary Alta Disposal and its 51% owned subsidiary ADM. Intercompany accounts and transactions have been eliminated in consolidation in conformity with the applicable accounting framework. No transactions occurred within Black Box Energy for the three months ended September 30, 2017. Use of Estimates The preparation of consolidated financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company. Significant estimates that may materially change in the near term include the valuation of derivative liabilities and the underlying warrants, as well as fair value of investments. Cash and Cash Equivalents Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with original maturities of less than three months, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $31,446 and $33,136 in cash and cash equivalents at September 30, 2017 and June 30, 2017, respectively. Concentration of Risk The Company maintains cash balances at a financial institution which, from time to time, may exceed Federal Deposit Insurance Corporation insured limits for banks located in the US. As of September 30, 2017 and June 30, 2017, the Company had no deposits in excess of federally insured limits in its US bank. The Company has not experienced any losses with regard to its bank accounts and believes it is not exposed to any risk of loss on its cash in bank accounts. Prepaid Expenses Prepaid expenses consist of security deposit for office lease which will be expensed or refunded at the end of the lease period , which is currently on a month-to-month basis. Start-Up Costs In accordance with FASC 720-15-20 “Start-Up Costs,” the Company expenses all costs incurred in connection with the start-up and organization of the Company. Mineral Acquisition and Exploration Costs The Company has been in the exploration stage since its formation on May 31, 2006. Mineral property acquisition and exploration costs are expensed as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserves. Concentrations of Credit Risk The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited. Non-controlling Interest The 49% third party ownership of Alta Disposal Morinville Ltd. (formerly Blue Tap Resources Ltd.) at September 30, 2017 and June 30, 2017 are recorded as non-controlling interests in the consolidated financial statements. Details of changes in the non-controlling interests during the three months ended September 30, 2017 and 2016 and are reflected in the unaudited condensed consolidated statement of deficit. Related Parties Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions. All transactions shall be recorded at fair value of the goods or services exchanged. Property purchased from a related party is recorded at the cost to the related party and any payment to or on behalf of the related party in excess of the cost is reflected as a distribution to related party. Net Income or (Loss) per Share of Common Stock The Company has adopted FASC Topic No. 260, “Earnings Per Share,” (“EPS”) which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Potentially dilutive securities are not presented in the computation of EPS since their effects are anti-dilutive. The total number of potential number of dilutive shares is 9,011,220,371 as of September 30, 2017. Foreign Currency Translations The Company’s functional and reporting currency is the U.S. dollar. All transactions initiated in other currencies are translated into U.S. dollars using the exchange rate prevailing on the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated into the US dollar at the rate of exchange in effect at the balance sheet date. Unrealized exchange gains and losses arising from such transactions are deferred until realization and are included as a separate component of stockholders’ equity (deficit) as a component of comprehensive income or loss. Upon realization, the amount deferred is recognized in income in the period when it is realized. Translation of Foreign Operations The financial results and position of foreign operations whose functional currency is different from the Company’s presentation currency are translated as follows: • assets and liabilities are translated at period-end exchange rates prevailing at that reporting date; • equity is translated at historical exchange rates; and • income and expenses are translated at average exchange rates for the period. Exchange differences arising on translation of foreign operations are transferred directly to the Company’s accumulated other comprehensive loss in the consolidated financial statements. Transaction gains and losses arising from exchange rate fluctuation on transactions denominated in a currency other than the functional currency are included in the consolidated statements of operations. The relevant translation rates are as follows: Three months e nded September 30, 2017 2016 Closing rate CDN$ to US$ as of September 30, $ 0.806 $ 0.762 Average rate CDN$ to US $ for the period September 30, 0.798 0.767 Comprehensive Income (Loss) FASC Topic No. 220, “Comprehensive Income,” establishes standards for reporting and display of comprehensive income and its components in a full set of general-purpose financial statements. As of September 30, 2017 and 2016, the Company had no material items of other comprehensive income except for the foreign currency translation adjustment. Risks and Uncertainties Our company operates in the resource exploration industry that is subject to significant risks and uncertainties, including financial, operational, technological, and other risks associated with operating a resource exploration business, including the potential risk of business failure. Environmental Expenditures The operations of our company have been, and may in the future be, affected from time to time in varying degree by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon our company vary greatly and are not predictable. Our company's policy is to meet or, if possible, surpass standards set by relevant legislation by application of technically proven and economically feasible measures. Environmental expenditures that relate to ongoing environmental and reclamation programs are charged against earnings as incurred or capitalized and amortized depending on their future economic benefits. All of these types of expenditures incurred since inception have been charged against earnings due to the uncertainty of their future recoverability. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries. Warrants The Company accounts for currently outstanding detachable warrants to purchase common stock as derivative liabilities as they are freestanding derivative financial instruments. The warrants are recorded as derivative liabilities at fair value, estimated using a Black-Scholes option pricing model, and marked to market at each balance sheet date, with changes in the fair value of the derivative liabilities recorded in the consolidated statements of operations and comprehensive loss. Upon exercise of a derivative financial instrument, the instrument is marked to fair value at the conversion date and is reclassified to equity. Convertible Instruments The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with ASC 815 “Derivatives and Hedging”. It provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing 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. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative financial instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or other expense. Upon conversion or exercise of a derivative financial instrument, the instrument is marked to fair value at the conversion date and is reclassified to equity. 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 notes redemption. Fair Value of Financial Instruments ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: • Level 1 - Quoted prices in active markets for identical assets or liabilities; • Level 2 - Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and • Level 3 - Unobservable inputs that are supported by little or no market activity, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. The carrying amounts of our company’s financial assets and liabilities, such as cash and cash equivalents, prepaid expenses, deposit, accounts payable and accrued liabilities, and due to a related party approximate their fair values because of the short maturity of these instruments. Our Level 3 financial liabilities consist of the derivative liability of our company’s secured convertible promissory notes and debentures issued to investors, and the derivative warrants issued in connection with these convertible promissory notes and debentures. There is no current market for these securities such that the determination of fair value requires significant judgment or estimation. Our company used a lattice model which incorporates transaction details such as company stock price, contractual terms, maturity, risk free rates, as well as assumptions about future financings, volatility, and holder behavior as of the date of issuance and each balance sheet date. Revenue Recognition The Company has generated little revenues to date. It is the Company’s policy that revenue from product sales or services will be recognized in accordance with ASC 605 “Revenue Recognition”. Four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product/services was not delivered or is subject to refund until such time that the Company and the customer jointly determine that the product/service has been delivered or no refund will be required. Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the Company’s activities. Sales are presented, net of tax, rebates and discounts, and after eliminating intercompany sales. The Company recognizes revenue when the amount of revenue and related cost can be reliably measured and it is probable that the collectability of the related receivables is reasonably assured. During the three months ended September 30, 2017 and 2016, the Company had no revenue under continuing operation. Income Taxes The Company accounts for income taxes pursuant to the provisions of ASC 740-10, “Income Taxes” which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized. The Company also follows the provisions of ASC 740-10 related to accounting for uncertain income tax positions. When tax returns are filed, some positions taken may be sustained upon examination by the taxing authorities, while others may be subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. As of September 30, 2017 and 2016, the Company has had no uncertain tax positions. The Company recognizes interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. The Company currently has no federal or state tax examinations nor has it had any federal or state examinations since its inception. Receivables Trade and other receivables are customer obligations due under normal trade terms and are recorded at face value less any provisions for uncollectible amounts considered necessary. The Company includes any balances that are determined to be uncollectible in its overall allowance for doubtful accounts. The Company recorded $Nil (September 30, 2016 - $Nil) in allowance for doubtful accounts. Recent Accounting Pronouncements In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic ), Distinguishing Liabilities from Equity (Topic ), Derivatives and Hedging (Topic ) – I. Accounting for Certain Financial Instruments with Down Round Features and II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception On May 10, 2017, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) 2017-09 “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting”, which provides guidance to clarify when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. The guidance is effective prospectively for all companies for annual periods beginning on or after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of adopting this guidance. In March 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-08, “Receivables—Nonrefundable Fees and Other Costs”. The Board is issuing this update to amend the amortization period for certain purchased callable debt securities held at a premium, the Board is shortening the amortization period for the premium to the earliest call date. For public business entities, the amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. The Company is currently evaluating the impact of adopting this guidance. In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplifies the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. ASU 2017-04 is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and should be applied on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not anticipate the adoption of ASU 2017-04 will have a material impact on its consolidated financial statements. In January 2017, the FASB issued Accounting Standards Update No. 2017-01, Clarifying the Definition of a Business ("ASU 2017-01"). The standard clarifies the definition of a business by adding guidance to assist entities in evaluating whether transactions should be accounted for as acquisitions of assets or businesses. ASU 2017-01 is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Under ASU 2017-01, to be considered a business, the assets in the transaction need to include an input and a substantive process that together significantly contribute to the ability to create outputs. Prior to the adoption of the new guidance, an acquisition or disposition would be considered a business if there were inputs, as well as processes that when applied to those inputs had the ability to create outputs. Early adoption is permitted for certain transactions. The Company does not anticipate the adoption of ASU 2017-01 will have a material impact on its consolidated financial statements. In November 2016, the FASB issued Accounting Standards Update No. 2016-18, Restricted Cash (a consensus of the FASB Emerging Issue Task Force) ("ASU 2016-18"). This new standard addresses the diversity that exists in the classification and presentation of changes in restricted cash on the statement of cash flows. The amendments in ASU 2016-18 require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within the year of adoption, with early adoption permitted. The Company does not expect that the adoption of ASU 2016-18 will have a material impact on its consolidated financial statements. In August, 2016, the FASB issued Accounting Standards Update No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) ("ASU 2016-15"). The amendments in ASU 2016-15 address eight specific cash flow issues and apply to all entities that are required to present a statement of cash flows under ASC Topic 230, Statement of Cash Flows. The amendments in ASU 2016-15 are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption during an interim period. The Company has not yet completed the analysis of how adopting this guidance will affect its consolidated financial statements. In October 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-16 - Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory. ASU 2016-16 will require the tax effects of intercompany transactions, other than sales of inventory, to be recognized currently, eliminating an exception under current GAAP in which the tax effects of intra-entity asset transfers are deferred until the transferred asset is sold to a third party or otherwise recovered through use. The guidance will be effective for the first interim period of our 2019 fiscal year, with early adoption permitted. The Company does not anticipate the adoption of ASU 2016-16 will have a material impact on its consolidated financial statements. In connection with its financial instruments project, the FASB issued ASU 2016-13 - Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments in June 2016 and ASU 2016-01 - Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities in January 2016. ASU 2016-13 introduces a new impairment model for most financial assets and certain other instruments. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, entities will be required to use a forward-looking “expected loss” model that will replace the current “incurred loss” model and generally will result in earlier recognition of allowances for losses. The guidance will be effective for the first interim period of our 2021 fiscal year, with early adoption in fiscal year 2020 permitted. ASU 2016-01 addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Among other provisions, the new guidance requires the fair value measurement of investments in certain equity securities. For investments without readily determinable fair values, entities have the option to either measure these investments at fair value or at cost adjusted for changes in observable prices minus impairment. All changes in measurement will be recognized in net income. The guidance will be effective for the first interim period of our 2019 fiscal year. Early adoption is not permitted, except for certain provisions relating to financial liabilities. In January 2016, the FASB issued an accounting standard update which requires, among other things, that entities measure equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) at fair value, with changes in fair value recognized in earnings. Under the standard, entities will no longer be able to recognize unrealized holding gains and losses on equity securities classified today as available for sale as a component of other comprehensive income. For equity investments without readily determinable fair values the cost method of accounting is also eliminated, however subject to certain exceptions, entities will be able to elect to record equity investments without readily determinable fair values at cost, less impairment and plus or minus adjustments for observable price changes, with all such changes recognized in earnings. This new standard does not change the guidance for classifying and measuring investments in debt securities and loans. The standard is effective for us on July 1, 2018 (the first quarter of our 2019 fiscal year). The Company is currently evaluating the anticipated impact of this standard on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Topic 842 affects any entity that enters into a lease, with some specified scope exemptions. The guidance in this Update supersedes Topic 840, Leases. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For public companies, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting ASU No. 2016-02 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) that clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent. ASU 2016-08 clarifies that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer and provides additional guidance about how to apply the control principle when services are provided and when goods or services are combined with other goods or services. The effective date for ASU 2016-08 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those years. The Company has not yet determined the impact of ASU 2016-08 on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation, or ASU No. 2016-09. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. Amendments related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements, forfeitures, and intrinsic value should be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. Amendments related to the presentation of employee taxes paid on the statement of cash flows when an employer withholds shares to meet the minimum statutory withholding requirement should be applied retrospectively. Amendments requiring recognition of excess tax benefits and tax deficiencies in the income statement and the practical expedient for estimating expected term should be applied prospectively. An entity may elect to apply the amendments related to the presentation of excess tax benefits on the statement of cash flows using either a prospective transition method or a retrospective transition method. The Company is currently evaluating the impact of adopting ASU No. 2016-09 on its consolidated financial statements. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which provides further guidance on identifying performance obligations and improves the operability and understandability of licensing implementation guidance. The effective date for ASU 2016-10 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those years. The Company has not yet determined the impact of ASU 2016-1 |
CAPITAL STOCK
CAPITAL STOCK | 3 Months Ended |
Sep. 30, 2017 | |
CAPITAL STOCK [Text Block] | NOTE 3 – CAPITAL STOCK Reverse Stock Splits On January 19, 2015, the Company's board of directors consented to effect a reverse stock split of the Company’s issued and outstanding shares of common stock on a basis of 20 old shares of common stock for one 1 new share of common stock. The reverse stock split was reviewed and approved for filing by the FNRA effective February 25, 2015. On July 13, 2015, the Company's board of directors consented to effect a reverse stock split of the Company’s issued and outstanding shares of common stock on a basis of 200 old shares of common stock for one 1 new share of common stock. The reverse stock split was reviewed and approved for filing by the FNRA effective September 30, 2015. The Company’s authorized capital will not be affected by the reverse stock split. The split is reflected retrospectively in the accompanying financial statements. Authorized Stock At inception, the Company authorized 100,000,000 common shares and 100,000,000 preferred shares, both with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. On April 8, 2009, the Company increased the number of authorized shares to 600,000,000 shares, of which 500,000,000 shares are designated as common stock par value $0.001 per share, and 100,000,000 shares are designated as preferred stock, par value $0.001 per share. On October 25, 2012, the Company designated 20,000,000 series A convertible preferred stock with a par value of $0.001 per share and stated value of $100 per share. The designated preferred stock is convertible at the option of the holder, at any time beginning one year from the date such shares are issued, into common stock of the Company with a par value of $0.001. All shares of common stock of the Company, shall be of junior rank to all series A preferred stock in respect to the preferences as to distributions and payments upon the liquidation, dissolution and winding up of the Company. All other shares of preferred stock shall be of junior rank to all series A preferred shares in respect to the preferences as to distributions and payments upon the liquidation, dissolution and winding up of the Company. These series A preferred shares were subsequently cancelled. On January 3, 2014, the Company designated 2,000,000 series B convertible preferred stock with a par value $0.001 per share, issuable only in consideration of the extinguishment of existing debt convertible in to the Company’s common stock with a par value of $0.001. The designated preferred stock shall be issued on the basis of 1 preferred stock for each $1 of convertible debt. The series B convertible preferred stock shall be subordinate to and rank junior to all indebtedness of the Company now or hereafter outstanding. These series B preferred shares were subsequently cancelled. On October 17, 2014, the Company amended its Articles of Incorporation, which amendment was filed with the Nevada Secretary of State on October 17, 2014, to increase the authorized capital of its common shares from 500,000,000 common shares, par value $0.001 to 2,000,000,000 common shares, par value $0.001. The Company's authorized capital consists of 2,000,000,000 common shares and 100,000,000 preferred shares, all with a par value of $0.001. Effective June 22, 2015, the Company designated 50,000,000 of its 100,000,000 authorized shares of preferred stock as series A preferred stock. The series A preferred stock, par value $0.001, will rank senior to the Company’s common stock, carrying general voting rights with the common stock at the rate of 62 votes per share. The series A preferred stock will be deemed cancelled within 1 year of issuance and are not entitled to share in dividends or other distributions. So long as any shares of series A preferred stock are outstanding, the affirmative vote of not less than 75% of those outstanding shares of series A preferred stock will be required for any change to the Company’s Articles of Incorporation. These series A preferred shares were deemed cancelled during the year ended June 30, 2016. Effective September 9, 2015, the Company increase the authorized capital of its common shares from 2,000,000,000 common shares, par value $0.001 to 10,000,000,000 common shares, par value $0.001. On August 22, 2017, the Board of Directors approved a Certificate of Designation authorizing the creation of 70,000,000 Class C Preferred Shares. The Class C Shares are convertible, redeemable and have certain enhanced voting rights. Each Class C preferred Share is convertible into two shares of the Company’s common stock. Share Issuances Preferred Stock Issuance During the three months ended September 30, 2017, the Company issued 70,000,000 Series C Preferred Shares for settlement of convertible promissory notes and accrued interest, valued at $757,347. Common Stock Issuance During the three months ended September 30, 2017, the Company issued 870,000,000 common shares at deemed prices ranging from $0.00030 to $0.00038 per share upon conversion of the convertible promissory notes and accrued interest, valued at $292,500. On July 31, 2017, the Company issued 11,666,667 common shares in payment for past legal services at a deemed value of $8,166. |
PROVISION FOR INCOME TAXES
PROVISION FOR INCOME TAXES | 3 Months Ended |
Sep. 30, 2017 | |
PROVISION FOR INCOME TAXES [Text Block] | NOTE 4 – PROVISION FOR INCOME TAXES The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes. Deferred taxes are provided in the financial statements under FASC 740-20-20 to give effect to the resulting temporary differences which may arise from differences in the bases of fixed assets, depreciation methods, allowances, and start-up costs based on the income taxes expected to be payable in future years. Exploration stage deferred tax assets arising as a result of net operating loss carryforwards have been offset completely by a valuation allowance due to the uncertainty of their utilization in future periods. Operating loss carryforwards generated during the period from May 31, 2006 (date of inception) through September 30, 2017 of approximately $15 million will begin to expire in 2026. Accordingly, deferred tax assets were offset by the valuation allowance that increased by approximately $391,274 and $237,188 during the three months ended September 30, 2017 and 2016 respectively. The Company follows the provisions of uncertain tax positions as addressed in FASC 740-10-65-1. The Company recognized approximately no increase in the liability for unrecognized tax benefits. The Company has no tax position at September 30, 2017 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties were recognized during the periods presented. The Company had no accruals for interest and penalties at September 30, 2017. The Company’s utilization of any net operating loss carry forward may be unlikely as a result of its intended exploration stage activities. The tax years for June 30, 2016, 2015, 2014, and 2013 are still open for examination by the Internal Revenue Service (IRS). For the three months ended September 30, 2017 Amount Tax Effect (35%) Loss before income tax $ 440,829 154,290 Shares issued for interest expenses - Non-cash interest expense (269,587 ) (94,355 ) Gain on change in fair value of derivative liability and extinguishment of debt 981,563 343,547 Amortization of debt discount (761,531 ) (266,536 ) Total 391,274 136,946 Valuation allowance (391,274 ) (136, 946 ) Net deferred tax asset (liability) $ - $ - For the three months ended September 30, 2016 Amount Tax Effect (35%) Loss before income tax $ 3,220,699 $ 1,127,245 Shares issued for interest expenses (85 ) (30 ) Non-cash interest expense (199,683 ) (69,889 ) Gain on change in fair value of derivative liability (1,150,330 ) (402,616 ) Loss on extinguishment of liability (1,491,082 ) (521,879 ) Amortization of debt discount (142,332 ) (49,816 ) Total 237,188 83,016 Valuation allowance (237,188 ) (83,016 ) Net deferred tax asset (liability) $ - $ - |
DEPOSITS AND ADVANCES
DEPOSITS AND ADVANCES | 3 Months Ended |
Sep. 30, 2017 | |
DEPOSITS AND ADVANCES [Text Block] | NOTE 5 – DEPOSITS AND ADVANCES Joint Development and Option Agreement with White Top On April 13, 2017, the Company’s wholly-owned subsidiary, BBE, entered into a Joint Development and Option Agreement with White Top Oil & Gas, LLC (“White Top”), a Louisiana limited liability company (the “White Top Agreement”), under which White Top is the designee to a funding agreement to finance and participate in the completion of certain oil and gas development, exploration and operating activities on certain lands located in Sulphur, Louisiana. Under the terms of the White Top Agreement, BBE has advanced $854,620 as of September 30, 2017 ($783,620 as of June 30, 2017) to White Top as consideration, which is reflected as Advances to White Top on the Company’s balance sheet (see Note 9). |
CONVERTIBLE PROMISSORY NOTES
CONVERTIBLE PROMISSORY NOTES | 3 Months Ended |
Sep. 30, 2017 | |
CONVERTIBLE PROMISSORY NOTES [Text Block] | NOTE 6 – CONVERTIBLE PROMISSORY NOTES Summary of convertible promissory notes at September 30, 2017 is as follows: Accretion of Transfer June 30, Principal Issuance Total (Loan June 30, 2017 Issued Cost Converted Repaid Extinguished) 2017 February 13, 2013 $ 10,954 $ - $ - $ - $ (10,954 ) $ - $ - July 22, 2014 7,222 - - - - - 7,222 February 6, 2015 7,150 - - - - - 7,150 September 9, 2015 30,000 - - - - - 30,000 August 12, 2016 45,712 - 1,574 - - - 47,286 September 8, 2016 27,201 - 717 - - - 27,918 September 9, 2016 139,810 - 4,020 (124,500 ) - - 19,330 September 9, 2016 20,925 - - - - - 20,925 September 19, 2016 1,165,000 - - (10,500 ) - (708,000 ) 446,500 September 27, 2016 121,655 - 2,992 - - - 124,647 October 10, 2016 99,740 - 2,369 - - - 102,109 October 27, 2016 45,365 - 2,035 - - - 47,400 October 31, 2016 157,594 - 4,156 - - - 161,750 November 14, 2016 28,569 - 1,460 - - - 30,029 November 22, 2016 27,693 - 1,141 - - - 28,834 November 30, 2016 94,215 - 3,195 - - - 97,410 December 23, 2016 41,221 - 1,830 - - - 43,051 December 29, 2016 86,432 - 2,279 (76,748 ) - - 11,963 January 17, 2017 46,179 - 2,076 - - - 48,255 January 25, 2017 112,735 - 7,199 (72,240 ) - - 47,694 January 26, 2017 80,707 - 7,271 - - - 87,978 January 27, 2017 106,680 - 2,505 - - - 109,185 February 3, 2017 73,223 - 2,973 - - - 76,196 March 1, 2017 331,754 - 11,457 - - - 343,211 March 13, 2017 78,074 - 2,613 - - - 80,687 March 20, 2017 206,037 - 6,921 - - - 212,958 April 4, 2017 127,958 - 4,298 - - - 132,256 May 2, 2017 25,763 - 868 - - - 26,631 May 5, 2017 25,755 - 868 - - - 26,623 May 15, 2017 308,729 - 10,415 - - - 319,144 May 17, 2017 309,655 - 10,586 - - - 320,241 June 8, 2017 76,985 - 2,604 - - - 79,589 June 8, 2017 76,985 - 2,604 - - - 79,589 June 30, 2017 100,063 - 3,414 - - - 103,477 July 3, 2017 - 100,000 2,406 - - - 102,406 July 14, 2017 - 15,000 514 - - - 15,514 July 26, 2017 - 15,000 496 - - - 15,496 July 26, 2017 - 30,000 722 - - - 30,722 August 4, 2017 - 30,000 722 - - - 30,722 August 4, 2017 - 30,000 963 - - - 30,963 September 5, 2017 - 30,000 722 - - - 30,722 September 7, 2017 - 55,000 1,525 - - - 56,525 September 28, 2017 - 50,000 1,156 - - - 51,156 $ 4,243,740 $ 355,000 $ 115,665 $ (283,988 ) $ (10,954 ) $ (708,000 ) $ 3,711,463 Less: Unamortized debt discount $ (1,402,631 ) - - - - - (1,175,921 ) Total note payable, net of debt discount $ 2,841,109 - - - - - $ 2,535,542 Current portion $ 2,841,109 - - - - - $ 2,535,542 Long term portion $ - - - - - - $ - On July 3, 2017 Company issued an aggregate of $110,000 Convertible Promissory Notes with an issuance discount of $10,000 that matures on July 3, 2018. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price equal to the lessor of $0.005 or a discount of 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. The Company identified embedded derivatives related to the Convertible Promissory Notes. These embedded derivatives included certain conversion features. 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 and to adjust the fair value as of each subsequent balance sheet date. At the inception of the Convertible Promissory Note, the Company determined a fair value of $132,991 of the embedded derivative. The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions: Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% The initial fair values of the embedded debt derivative $57,619 was allocated as a debt discount with the remainder $75,372 was charged to current period operations as interest expense. On July 14, 2017 Company issued an aggregate of $17,160 Convertible Promissory Notes with an issuance discount of $2,160 that matures on July 14, 2018. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price equal to the lessor of $0.005 or a discount of 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. The Company identified embedded derivatives related to the Convertible Promissory Notes. These embedded derivatives included certain conversion features. 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 and to adjust the fair value as of each subsequent balance sheet date. At the inception of the Convertible Promissory Note, the Company determined a fair value of $20,747 of the embedded derivative. The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions: Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% The initial fair values of the embedded debt derivative $8,989 was allocated as a debt discount with the remainder $11,758 was charged to current period operations as interest expense. On July 26, 2017 Company issued an aggregate of $17,160 Convertible Promissory Notes with an issuance discount of $2,160 that matures on July 26, 2018. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price equal to the lessor of $0.005 or a discount of 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. The Company identified embedded derivatives related to the Convertible Promissory Notes. These embedded derivatives included certain conversion features. 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 and to adjust the fair value as of each subsequent balance sheet date. At the inception of the Convertible Promissory Note, the Company determined a fair value of $20,747 of the embedded derivative. The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions: Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% The initial fair values of the embedded debt derivative $8,989 was allocated as a debt discount with the remainder $11,758 was charged to current period operations as interest expense. On July 26, 2017 Company issued an aggregate of $33,000 Convertible Promissory Notes with an issuance discount of $3,000 that matures on July 26, 2018. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price equal to the lessor of $0.005 or a discount of 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. The Company identified embedded derivatives related to the Convertible Promissory Notes. These embedded derivatives included certain conversion features. 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 and to adjust the fair value as of each subsequent balance sheet date. At the inception of the Convertible Promissory Note, the Company determined a fair value of $39,897 of the embedded derivative. The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions: Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% The initial fair values of the embedded debt derivative $17,286 was allocated as a debt discount with the remainder $22,612 was charged to current period operations as interest expense. On August 4, 2017 Company issued an aggregate of $33,000 Convertible Promissory Notes with an issuance discount of $3,000 that matures on August 4, 2018. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price equal to the lessor of $0.005 or a discount of 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. The Company identified embedded derivatives related to the Convertible Promissory Notes. These embedded derivatives included certain conversion features. 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 and to adjust the fair value as of each subsequent balance sheet date. At the inception of the Convertible Promissory Note, the Company determined a fair value of $47,543 of the embedded derivative. The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions: Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% The initial fair values of the embedded debt derivative $25,667 was allocated as a debt discount with the remainder $21,876 was charged to current period operations as interest expense. On August 4, 2017 Company issued an aggregate of $34,320 Convertible Promissory Notes with an issuance discount of $4,320 that matures on August 4, 2018. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price equal to the lessor of $0.005 or a discount of 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. The Company identified embedded derivatives related to the Convertible Promissory Notes. These embedded derivatives included certain conversion features. 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 and to adjust the fair value as of each subsequent balance sheet date. At the inception of the Convertible Promissory Note, the Company determined a fair value of $49,445 of the embedded derivative. The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions: Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% The initial fair values of the embedded debt derivative $26,693 was allocated as a debt discount with the remainder $22,751 was charged to current period operations as interest expense. On September 5, 2017, the Company issued an aggregate of $33,000 Convertible Promissory Notes with an issuance discount of $3,000 that matures on September 5, 2018. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price equal to the lessor of $0.005 or a discount of 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. The Company identified embedded derivatives related to the Convertible Promissory Notes. These embedded derivatives included certain conversion features. 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 and to adjust the fair value as of each subsequent balance sheet date. At the inception of the Convertible Promissory Note, the Company determined a fair value of $34,230 of the embedded derivative. The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions: Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% The initial fair values of the embedded debt derivative $11,000 was allocated as a debt discount with the remainder $23,230 was charged to current period operations as interest expense. On September 7, 2017, the Company issued an aggregate of $62,920 Convertible Promissory Notes with an issuance discount of $7,920 that matures on September 7, 2018. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price equal to the lessor of $0.005 or a discount of 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. The Company identified embedded derivatives related to the Convertible Promissory Notes. These embedded derivatives included certain conversion features. 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 and to adjust the fair value as of each subsequent balance sheet date. At the inception of the Convertible Promissory Note, the Company determined a fair value of $80,426 of the embedded derivative. The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions: Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% The initial fair values of the embedded debt derivative $37,752 was allocated as a debt discount up to the proceeds of the note with the remainder $42,674 was charged to current period operations as interest expense. On September 28, 2017, the Company issued an aggregate of $57,200 Convertible Promissory Notes with an issuance discount of $7,200 that matures on September 28, 2018. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price equal to the lessor of $0.005 or a discount of 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. The Company identified embedded derivatives related to the Convertible Promissory Notes. These embedded derivatives included certain conversion features. 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 and to adjust the fair value as of each subsequent balance sheet date. At the inception of the Convertible Promissory Note, the Company determined a fair value of $73,114 of the embedded derivative. The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions: Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% The initial fair values of the embedded debt derivative $34,320 was allocated as a debt discount up to the proceeds of the note with the remainder $38,794 was charged to current period operations as interest expense. The modification of the Notes was evaluated under FASB Accounting Standards Codification (“ASC”) Topic No. 470-50-40, “Debt Modification and Extinguishments”. Therefore, according to the guidance, the instruments were determined to be substantially different, and the transaction qualified for extinguishment accounting. During the three months ended September 30, 2017 and 2016, $0 and $1,491,082, respectively, was recorded as loss on extinguishment of debt due to settlement agreement with note holders. The $1,491,082 consists of net increase in principal of convertible promissory notes of $1,393,027 (net of extinguished interests of $29,098), increase in principal of non-convertible promissory notes of $460,000, extinguished derivative liabilities for debt and warrants with fair values on date of conversion was $250,873 and $111,072 respectively. On June 28, 2017, the Company entered into a Note and Warrant Repayment and Repurchase Agreement whereby the Company agreed to repurchase 1,011 warrants and settle an outstanding convertible note payable from the holder totalling $21,908 for two payments to the holder of $100,000. The first $100,000 payment was made on June 30, 2017 resulting in the repurchase of 506 warrants and a $10,954 reduction of the note. The portion of the payment allocated to the warrant repurchase ($89,046) was recorded as a loss on settlement and is included in interest expense for the year ended June 28, 2017. The second and final $100,000 payment was made to the holder on July 3, 2017, resulting in the repurchase of the remaining 505 warrants and settlement of the remaining balance of the note of $10,954. The portion of the payment allocated to the warrant repurchase ($89,046) was recorded as a loss on settlement and is included in interest expense for the three months ended September 30, 2017. During the three months ended September 30, 2017 and 2016 the Company amortized the debt discount on all the notes of $761,531 and $142,332, respectively to operations as expense including $115,665 and $4,095, respectively, for accretion expenses. Derivative Liability - Debt The fair value of the described embedded derivative on all debt was valued at $2,631,178 and $3,386,252 at September 30, 2017 and June 30, 2017, respectively, which was determined using the Black Scholes Model with the following assumptions: September 30, 2017 June 30, 2017 Dividend yield: 0% 0% Volatility 225.8 – 229.6% 247.5 – 284.4% Risk free rate: 1.03 - 1.31% 1.03 – 1.89% The Company recorded change in fair value of the derivative liability on debt to market resulting in non-cash, non-operating gain (loss) of $881,273 and $969,083 for the three months ended September 30, 2017 and 2016, respectively. During the periods ended September 30, 2017 and June 30, 2017 the Company issued 870,000,000 and 2,339,379,237 shares of the Company’s common stock in settlement of $292,500 and $1,266,819, respectively, of convertible note and interest. During the three months period ended September 30, 2017 and year ended June 30, 2017 the Company reclassed the derivative liability of $372,939 and $1,818,596, respectively, to additional paid in capital on conversion of convertible note. The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of September 30, 2017 and June 30, 2017: Derivative Liability (convertible promissory notes) Balance, June 30, 2016 $ 1,162,058 Initial fair value at note issuances 5,290,359 Fair value of liability at note conversion (1,818,596 Extinguishment of derivative liability (298,728 ) Mark-to-market at June 30, 2017 (948,842 ) Balance, June 30, 2017 $ 3,386,251 Initial fair value at note issuances 499,139 Fair value of liability at note conversion (372,939 ) Extinguishment of derivative liability - Mark-to-market at September 30, 2017 (881,273 ) Balance, September 30, 2017 $ 2,631,179 Net gain for the period included in earnings relating to the liabilities held at September 30, 2017 $ 881,273 Derivative Liability- Warrants Along with the promissory notes, the Company issued warrants that bear a cashless exercise provision. The warrants also include anti-dilution protection with respect to lower priced issuances of common stock or securities convertible or exchangeable into common stock, which provision resulted in derivative liability treatment under ASC 480. The warrants are recorded at fair value using the Black-Scholes option pricing model and marked-to-market at each reporting period, with the changes in the fair value recorded in the consolidated statement of operations and comprehensive income (loss). During the three months ended September 30, 2017, a total of 274,285,714 warrants were issued related to amendments of convertible notes. During the three months ended September 30, 2016 no warrants were issued along with convertible notes. The fair value of the described embedded derivative on all warrants was valued at $429,425 at September 30, 2017 and $338,873 at June 30, 2017 which was determined using the Black Scholes Model with the following assumptions: September 30, 2017 June 30, 2017 Dividend yield: 0% 0% Volatility 225.8 – 263.8% 247.5% Risk free rate: 1.31 - 1.92% 1.89% Warrants Weighted Weighted Outstanding Average Average Exercise Remaining Price life Balance, June 30, 2016 26,972 $ 100.20 2.79 years Exercised (120 ) 280.00 - Issued (117 ) 212.40 - Expired - - - Cancelled (550 ) 280.00 - Balance, June 30, 2017 14,730 $ 213.76 2.55 years Exercised - - - Issued 274,285,714 - - Expired - - - Cancelled (505 ) 214.08 - Balance, September 30, 2017 274,299,939 $ 0.0037 4.87 years The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of September 30, 2017: Derivative Liability (warrants) Balance, June 30, 2016 $ 268,611 Fair value of warrant cancelled (111,073 ) Fair value of warrant exercised (71,595 ) Mark-to-market at June 30, 2017 – warrant liability 252,931 Balance, June 30, 2017 $ 338,874 Initial fair value of warrant derivatives at note issuances 190,841 Fair value of warrant cancelled - Fair value of warrant exercised - Mark-to-market at September 30, 2017 – warrant liability (100,290 ) Balance, September 30, 2017 $ 429,425 Net gain for the year included in earnings relating to the liabilities held at September 30, 2017 $ 100,290 The Company recorded change in fair value of the derivative liability on warrants to market resulting in non-cash, non-operating gain of $100,290 and a loss of $181,247 for the three months ended September 30, 2017 and 2016, respectively. During the period ended September 30, 2017 and June 30, 2017 the Company reclassed the derivative liability on warrants of $0 and $71,595, respectively, to additional paid in capital on exercise of warrants. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Sep. 30, 2017 | |
RELATED PARTY TRANSACTIONS [Text Block] | NOTE 7 – RELATED PARTY TRANSACTIONS During the three months ended September 30, 2017, the Company incurred consulting fees of $16,000 (September 30, 2016 - $Nil) with directors and officers (including directors and officers of our subsidiaries) out of which there were no stock payments. As of September 30, 2017, the Company owed a director for a non-interest-bearing demand loan with a balance outstanding of $115,000 (June 30, 2017 - $115,000). These transactions are in the normal course of operations and are measured at the exchange amount of consideration established and agreed to by the related parties. |
GOING CONCERN AND LIQUIDITY CON
GOING CONCERN AND LIQUIDITY CONSIDERATIONS | 3 Months Ended |
Sep. 30, 2017 | |
GOING CONCERN AND LIQUIDITY CONSIDERATIONS [Text Block] | NOTE 8– GOING CONCERN AND LIQUIDITY CONSIDERATIONS The accompanying unaudited condensed consolidated financial statements have been prepared assuming that 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. As of September 30, 2017, the Company had a working capital deficiency of $6,014,743 (June 30, 2017 - $6,934,640) and an accumulated deficit of $58,124,417 (June 30, 2017 - $57,683,563). The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the next twelve months. The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, explore and develop the mineral properties and the discovery, development and sale of ore reserves. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Sep. 30, 2017 | |
COMMITMENTS AND CONTINGENCIES [Text Block] | NOTE 9 – COMMITMENTS AND CONTINGENCIES Employment Agreements On January 12, 2014, the Company entered into an employment agreement with a director and officer. Commencing on January 12, 2014, the director and officer will be employed for 24 months ending on January 12, 2016. Pursuant to the agreement, annual salary of US$120,000 is payable monthly in cash or if the Company does not have available cash, in shares of the Company’s common stock. The Company is currently in the process of renewing this agreement. Lease Commitment On May 25, 2016, the Company entered into a sublease agreement for a term of twelve months and expired on May 30, 2017. The sublease agreement is on a month-to-month basis for $1,199 per month beginning June 1, 2017. Litigation In September of 2016, the Company’s wholly-owned subsidiary, Black Box Energy, Inc. (“BBE”), entered into a contractual arrangement with PetroChase for the development of certain oil and gas rights in Pennsylvania. BBE paid as required under the agreement. In December, 2016, the Company advised PetroChase that it would not pay a final “management fee” of $34,000 to PetroChase because PetroChase had failed to perform under the agreement. In light of PetroChase’s failure to perform and inability to rectify the failure, BBE filed suit on March 22, 2017 against PetroChase, its wholly-owned subsidiary, Warren County PC #1, and the principal of PetroChase, Stephen R. Moore. The lawsuit against PetroChase is pending in the Superior Court of Maricopa County, State of Arizona, case number CV2017-003236. The Company has obtained default against PetroChase and Warren County PC #1. The Company expects entry of judgment against PetroChase and Warren County PC #1 within the coming weeks, but the timing of said judgment is beyond the control of the Company. The Company has also obtained default against Stephen R. Moore and expects entry of the judgment against Stephen R. Moore within the coming weeks. The litigation continues and is in its early stages. From time to time we may be a defendant and plaintiff in various other legal proceedings arising in the normal course of our business. Except as disclosed above, we are currently not a party to any material legal proceedings or government actions, including any bankruptcy, receivership, or similar proceedings. In addition, we are not aware of any known litigation or liabilities involving the operators of our properties that could affect our operations. Furthermore, as of the date of this Quarterly Report, our management is not aware of any proceedings to which any of our directors, officers, or affiliates, or any associate of any such director, officer, affiliate, or security holder is a party adverse to our company or has a material interest adverse to us. Joint Development and Option Agreement On April 13, 2017, the Company’s wholly-owned subsidiary, Black Box Energy, Inc. (“BBE”), entered into a Joint Development and Option Agreement with White Top Oil & Gas, LLC (“White Top”), a Louisiana limited liability company (the “White Top Agreement”), under which White Top is the designee to a funding agreement to finance and participate in the completion of certain oil and gas development, exploration and operating activities on certain lands located in Sulphur, Louisiana (the “White Top Field”). Under the terms of the White Top Agreement, BBE has advanced approximately $854,620 as of September 30, 2017 to White Top as consideration to White Top for the option to convert and the right to repayment of payouts for the necessary capital, overrating, technical, and related support costs necessary to further develop the White Top Field. White Top’s rights to repayment of the monies received from BBE shall be limited to funding from certain payouts received under terms agreed by the parties under such joint development project, as mutually agreed. |
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS | 3 Months Ended |
Sep. 30, 2017 | |
DISCONTINUED OPERATIONS [Text Block] | NOTE 10 – DISCONTINUED OPERATIONS On September 4, 2015, the Company entered into an Asset Purchase agreement whereby the Company sells the net assets of Alta Disposal Morinville Ltd. (of which the Company had acquired 51% interest on October 18, 2013) for total purchase price of CDN$10,000. Operating results for the three months ended September 30, 2017 and 2016 for Alta Disposal Morinville Ltd. are presented as discontinued operations and the assets and liabilities classified as held for sale are presented separately in the unaudited condensed balance sheet. A breakdown of the discontinued operations is presented as follow: Consolidated Statements of Operations and Comprehensive Loss September 30, September 30, 2017 2016 Revenue $ - $ - Selling, general and administrative $ (48 ) (31 ) Loss from discontinued operations $ (48 ) $ (31 ) Consolidated Balance Sheets September 30, June 30, 2017 2017 Current assets: Cash and cash equivalents $ 1,120 $ 1,115 Receivable, net 683 652 Prepaid expenses 1,911 1,824 GST Receivable 17,027 16,260 $ 20,740 $ 19,852 Current liabilities: Accounts payable $ 6,733 $ 6,429 |
SETTLEMENT
SETTLEMENT | 3 Months Ended |
Sep. 30, 2017 | |
SETTLEMENT [Text Block] | NOTE 11 – SETTLEMENTS Debt Settlements and Class C Preferred Shares Effective August 11, 2017, the Company entered into a Debt Settlement Agreement with each Blue Citi, LLC (“Blue Citi”) and Concord Holding Group, LLC (“Concord”). On August 11, 2017, the Company was indebted to Blue Citi and Concord in the aggregate principal amounts of approximately $2,000,000 and $1,700,000, respectively (exclusive of accrued interest and penalties), pursuant to various convertible promissory notes issued to Blue Citi and Concord between March, 2014 and June, 2017. Pursuant to the Debt Settlement Agreements, each Blue Citi and Concord has agreed to indefinitely forbear from enforcing its rights pursuant to the promissory notes. In consideration, the Company has issued to each Blue Citi and Concord warrants to purchase up to $400,000 in shares of our common stock ($800,000 in the aggregate), with 50% of the warrants exercisable at $0.0025 per share, and 50% exercisable at $0.0035 per share. The warrants are exercisable until August 11, 2022 and may also be exercised on a cashless basis. In the event that the closing price of the Company’s common stock falls to $0.0005 or less for a period of 3 days during the warrant exercise period, the exercise price of the $0.0025 per share warrants shall adjust to 300% of the lowest trading price during such 3 -day period, and the exercise price of the $0.0035 warrants will adjust to 400% of the lowest trading during the 3 -day period. As additional consideration for the issuance of securities to Blue Citi and Concord, promissory notes held by them that were convertible into the Company’s common stock at 50% discount to market price will instead be subject to a 25% discount to market price. The fair value of the warrants upon issuance on August 11, 2017 was $190,842 in aggregate. Total amortization expense related to these warrants was $23,958 for the three months ended September 30, 2017, leaving an unamortized balance of $166,884 as of September 30, 2017. On August 3, 2017, the Company entered into a debt settlement subscription agreement with a creditor for settlement of amounts owed relating to an outstanding convertible note in the principal amount of $708,000, with $49,347 of accrued interest. In lieu of receiving cash as payment, the creditor has agreed to accept 70,000,000 Class C Convertible Preferred Shares of the Company as payment of the indebtedness, pursuant to the terms of the settlement agreement. Thereafter, on August 23, 2017, Company issued an aggregate of 70,000,000 Class C Convertible Preferred Shares at the deemed price of $0.0101 per share. The Company has issued all of the shares to one U.S. person (as that term is defined in Regulation S of the Securities Act of 1933), relying on Rule 506 promulgated under Regulation D of the Securities Act of 1933, as amended. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Sep. 30, 2017 | |
SUBSEQUENT EVENTS [Text Block] | NOTE 12 – SUBSEQUENT EVENTS Convertible Secured Redeemable Notes In October and November 2017, the Company issued an aggregate of $115,500 of Convertible Promissory Notes that mature in May 2018, resulting in cash proceeds totalling $105,000. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at the lesser of $0.005 per share or at a price equal to 25% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received. In October and November 2017, the Company issued 401,459,699 common shares at deemed prices ranging from $0.000225 to $0.00030 per share upon conversion of the convertible promissory notes and accrued interest, valued at $109,152. On October 9, 2017, the Company sold its investment in First Reef Energy to a third party for $CDN $90,000, net of $CDN $10,000 of seller's fees, resulting in a gain of $CDN $90,000. On October 12, 2017, the Company entered into a Patent Option and Purchase Agreement whereby the Company paid a non-refundable deposit of $25,000 for a 120 -day option to purchase certain intellectual property from a third-party seller for a total of $100,000. On November 13, 2017, the Company entered into a Bridge Loan Agreement for $30,000. The note accrues annual interest at 10% and matures in 30 days on December 13, 2017. |
Summary of Significant Accounti
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Sep. 30, 2017 | |
Basis of presentation and consolidation [Policy Text Block] | Basis of presentation and consolidation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. These interim financial statements as of and for the three months ended September 30, 2017 and 2016 are unaudited; however, in the opinion of management, such statements include all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position, results of operations and cash flows of the Company for the periods presented. The results for the three months ended September 30, 2017 are not necessarily indicative of the results to be expected for the year ended June 30, 2018 or for any future period. All references to September 30, 2017 and 2016 in these footnotes are unaudited. |
Principal of Consolidation [Policy Text Block] | Principal of Consolidation The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary Alta Disposal and its 51% owned subsidiary ADM. Intercompany accounts and transactions have been eliminated in consolidation in conformity with the applicable accounting framework. No transactions occurred within Black Box Energy for the three months ended September 30, 2017. |
Use of Estimates [Policy Text Block] | Use of Estimates The preparation of consolidated financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company. Significant estimates that may materially change in the near term include the valuation of derivative liabilities and the underlying warrants, as well as fair value of investments. |
Cash and Cash Equivalents [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with original maturities of less than three months, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $31,446 and $33,136 in cash and cash equivalents at September 30, 2017 and June 30, 2017, respectively. |
Concentration of Risk [Policy Text Block] | Concentration of Risk The Company maintains cash balances at a financial institution which, from time to time, may exceed Federal Deposit Insurance Corporation insured limits for banks located in the US. As of September 30, 2017 and June 30, 2017, the Company had no deposits in excess of federally insured limits in its US bank. The Company has not experienced any losses with regard to its bank accounts and believes it is not exposed to any risk of loss on its cash in bank accounts. |
Prepaid Expenses [Policy Text Block] | Prepaid Expenses Prepaid expenses consist of security deposit for office lease which will be expensed or refunded at the end of the lease period , which is currently on a month-to-month basis. |
Start-Up Costs [Policy Text Block] | Start-Up Costs In accordance with FASC 720-15-20 “Start-Up Costs,” the Company expenses all costs incurred in connection with the start-up and organization of the Company. |
Mineral Acquisition and Exploration Costs [Policy Text Block] | Mineral Acquisition and Exploration Costs The Company has been in the exploration stage since its formation on May 31, 2006. Mineral property acquisition and exploration costs are expensed as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserves. |
Concentrations of Credit Risk [Policy Text Block] | Concentrations of Credit Risk The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited. |
Non-controlling Interest [Policy Text Block] | Non-controlling Interest The 49% third party ownership of Alta Disposal Morinville Ltd. (formerly Blue Tap Resources Ltd.) at September 30, 2017 and June 30, 2017 are recorded as non-controlling interests in the consolidated financial statements. Details of changes in the non-controlling interests during the three months ended September 30, 2017 and 2016 and are reflected in the unaudited condensed consolidated statement of deficit. |
Related Parties [Policy Text Block] | Related Parties Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions. All transactions shall be recorded at fair value of the goods or services exchanged. Property purchased from a related party is recorded at the cost to the related party and any payment to or on behalf of the related party in excess of the cost is reflected as a distribution to related party. |
Net Income or (Loss) per Share of Common Stock [Policy Text Block] | Net Income or (Loss) per Share of Common Stock The Company has adopted FASC Topic No. 260, “Earnings Per Share,” (“EPS”) which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Potentially dilutive securities are not presented in the computation of EPS since their effects are anti-dilutive. The total number of potential number of dilutive shares is 9,011,220,371 as of September 30, 2017. |
Foreign Currency Translations [Policy Text Block] | Foreign Currency Translations The Company’s functional and reporting currency is the U.S. dollar. All transactions initiated in other currencies are translated into U.S. dollars using the exchange rate prevailing on the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated into the US dollar at the rate of exchange in effect at the balance sheet date. Unrealized exchange gains and losses arising from such transactions are deferred until realization and are included as a separate component of stockholders’ equity (deficit) as a component of comprehensive income or loss. Upon realization, the amount deferred is recognized in income in the period when it is realized. Translation of Foreign Operations The financial results and position of foreign operations whose functional currency is different from the Company’s presentation currency are translated as follows: • assets and liabilities are translated at period-end exchange rates prevailing at that reporting date; • equity is translated at historical exchange rates; and • income and expenses are translated at average exchange rates for the period. Exchange differences arising on translation of foreign operations are transferred directly to the Company’s accumulated other comprehensive loss in the consolidated financial statements. Transaction gains and losses arising from exchange rate fluctuation on transactions denominated in a currency other than the functional currency are included in the consolidated statements of operations. |
Comprehensive Income (Loss) [Policy Text Block] | Comprehensive Income (Loss) FASC Topic No. 220, “Comprehensive Income,” establishes standards for reporting and display of comprehensive income and its components in a full set of general-purpose financial statements. As of September 30, 2017 and 2016, the Company had no material items of other comprehensive income except for the foreign currency translation adjustment. |
Risks and Uncertainties [Policy Text Block] | Risks and Uncertainties Our company operates in the resource exploration industry that is subject to significant risks and uncertainties, including financial, operational, technological, and other risks associated with operating a resource exploration business, including the potential risk of business failure. |
Environmental Expenditures [Policy Text Block] | Environmental Expenditures The operations of our company have been, and may in the future be, affected from time to time in varying degree by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon our company vary greatly and are not predictable. Our company's policy is to meet or, if possible, surpass standards set by relevant legislation by application of technically proven and economically feasible measures. Environmental expenditures that relate to ongoing environmental and reclamation programs are charged against earnings as incurred or capitalized and amortized depending on their future economic benefits. All of these types of expenditures incurred since inception have been charged against earnings due to the uncertainty of their future recoverability. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries. |
Warrants [Policy Text Block] | Warrants The Company accounts for currently outstanding detachable warrants to purchase common stock as derivative liabilities as they are freestanding derivative financial instruments. The warrants are recorded as derivative liabilities at fair value, estimated using a Black-Scholes option pricing model, and marked to market at each balance sheet date, with changes in the fair value of the derivative liabilities recorded in the consolidated statements of operations and comprehensive loss. Upon exercise of a derivative financial instrument, the instrument is marked to fair value at the conversion date and is reclassified to equity. |
Convertible Instruments [Policy Text Block] | Convertible Instruments The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with ASC 815 “Derivatives and Hedging”. It provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing 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. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative financial instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or other expense. Upon conversion or exercise of a derivative financial instrument, the instrument is marked to fair value at the conversion date and is reclassified to equity. 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 notes redemption. |
Fair Value of Financial Instruments [Policy Text Block] | Fair Value of Financial Instruments ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: • Level 1 - Quoted prices in active markets for identical assets or liabilities; • Level 2 - Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and • Level 3 - Unobservable inputs that are supported by little or no market activity, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. The carrying amounts of our company’s financial assets and liabilities, such as cash and cash equivalents, prepaid expenses, deposit, accounts payable and accrued liabilities, and due to a related party approximate their fair values because of the short maturity of these instruments. Our Level 3 financial liabilities consist of the derivative liability of our company’s secured convertible promissory notes and debentures issued to investors, and the derivative warrants issued in connection with these convertible promissory notes and debentures. There is no current market for these securities such that the determination of fair value requires significant judgment or estimation. Our company used a lattice model which incorporates transaction details such as company stock price, contractual terms, maturity, risk free rates, as well as assumptions about future financings, volatility, and holder behavior as of the date of issuance and each balance sheet date. |
Revenue Recognition [Policy Text Block] | Revenue Recognition The Company has generated little revenues to date. It is the Company’s policy that revenue from product sales or services will be recognized in accordance with ASC 605 “Revenue Recognition”. Four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product/services was not delivered or is subject to refund until such time that the Company and the customer jointly determine that the product/service has been delivered or no refund will be required. Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the Company’s activities. Sales are presented, net of tax, rebates and discounts, and after eliminating intercompany sales. The Company recognizes revenue when the amount of revenue and related cost can be reliably measured and it is probable that the collectability of the related receivables is reasonably assured. |
Income Taxes [Policy Text Block] | Income Taxes The Company accounts for income taxes pursuant to the provisions of ASC 740-10, “Income Taxes” which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized. The Company also follows the provisions of ASC 740-10 related to accounting for uncertain income tax positions. When tax returns are filed, some positions taken may be sustained upon examination by the taxing authorities, while others may be subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. As of September 30, 2017 and 2016, the Company has had no uncertain tax positions. The Company recognizes interest and penalties, if any, related to uncertain tax positions as general and administrative expenses. The Company currently has no federal or state tax examinations nor has it had any federal or state examinations since its inception. |
Receivables [Policy Text Block] | Receivables Trade and other receivables are customer obligations due under normal trade terms and are recorded at face value less any provisions for uncollectible amounts considered necessary. The Company includes any balances that are determined to be uncollectible in its overall allowance for doubtful accounts. The Company recorded $Nil (September 30, 2016 - $Nil) in allowance for doubtful accounts. |
Recent Accounting Pronouncements [Policy Text Block] | Recent Accounting Pronouncements In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic ), Distinguishing Liabilities from Equity (Topic ), Derivatives and Hedging (Topic ) – I. Accounting for Certain Financial Instruments with Down Round Features and II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception On May 10, 2017, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) 2017-09 “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting”, which provides guidance to clarify when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. The guidance is effective prospectively for all companies for annual periods beginning on or after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of adopting this guidance. In March 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-08, “Receivables—Nonrefundable Fees and Other Costs”. The Board is issuing this update to amend the amortization period for certain purchased callable debt securities held at a premium, the Board is shortening the amortization period for the premium to the earliest call date. For public business entities, the amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. The Company is currently evaluating the impact of adopting this guidance. In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplifies the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. ASU 2017-04 is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and should be applied on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not anticipate the adoption of ASU 2017-04 will have a material impact on its consolidated financial statements. |
SIGNIFICANT ACCOUNTING POLICI20
SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended |
Sep. 30, 2017 | |
Schedule of Relevant Translation Rates [Table Text Block] | Three months e nded September 30, 2017 2016 Closing rate CDN$ to US$ as of September 30, $ 0.806 $ 0.762 Average rate CDN$ to US $ for the period September 30, 0.798 0.767 |
PROVISION FOR INCOME TAXES (Tab
PROVISION FOR INCOME TAXES (Tables) | 3 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | For the three months ended September 30, 2017 Amount Tax Effect (35%) Loss before income tax $ 440,829 154,290 Shares issued for interest expenses - Non-cash interest expense (269,587 ) (94,355 ) Gain on change in fair value of derivative liability and extinguishment of debt 981,563 343,547 Amortization of debt discount (761,531 ) (266,536 ) Total 391,274 136,946 Valuation allowance (391,274 ) (136, 946 ) Net deferred tax asset (liability) $ - $ - | For the three months ended September 30, 2016 Amount Tax Effect (35%) Loss before income tax $ 3,220,699 $ 1,127,245 Shares issued for interest expenses (85 ) (30 ) Non-cash interest expense (199,683 ) (69,889 ) Gain on change in fair value of derivative liability (1,150,330 ) (402,616 ) Loss on extinguishment of liability (1,491,082 ) (521,879 ) Amortization of debt discount (142,332 ) (49,816 ) Total 237,188 83,016 Valuation allowance (237,188 ) (83,016 ) Net deferred tax asset (liability) $ - $ - |
CONVERTIBLE PROMISSORY NOTES (T
CONVERTIBLE PROMISSORY NOTES (Tables) | 3 Months Ended |
Sep. 30, 2017 | |
Schedule of Summary of Convertible Promissory Note [Table Text Block] | Accretion of Transfer June 30, Principal Issuance Total (Loan June 30, 2017 Issued Cost Converted Repaid Extinguished) 2017 February 13, 2013 $ 10,954 $ - $ - $ - $ (10,954 ) $ - $ - July 22, 2014 7,222 - - - - - 7,222 February 6, 2015 7,150 - - - - - 7,150 September 9, 2015 30,000 - - - - - 30,000 August 12, 2016 45,712 - 1,574 - - - 47,286 September 8, 2016 27,201 - 717 - - - 27,918 September 9, 2016 139,810 - 4,020 (124,500 ) - - 19,330 September 9, 2016 20,925 - - - - - 20,925 September 19, 2016 1,165,000 - - (10,500 ) - (708,000 ) 446,500 September 27, 2016 121,655 - 2,992 - - - 124,647 October 10, 2016 99,740 - 2,369 - - - 102,109 October 27, 2016 45,365 - 2,035 - - - 47,400 October 31, 2016 157,594 - 4,156 - - - 161,750 November 14, 2016 28,569 - 1,460 - - - 30,029 November 22, 2016 27,693 - 1,141 - - - 28,834 November 30, 2016 94,215 - 3,195 - - - 97,410 December 23, 2016 41,221 - 1,830 - - - 43,051 December 29, 2016 86,432 - 2,279 (76,748 ) - - 11,963 January 17, 2017 46,179 - 2,076 - - - 48,255 January 25, 2017 112,735 - 7,199 (72,240 ) - - 47,694 January 26, 2017 80,707 - 7,271 - - - 87,978 January 27, 2017 106,680 - 2,505 - - - 109,185 February 3, 2017 73,223 - 2,973 - - - 76,196 March 1, 2017 331,754 - 11,457 - - - 343,211 March 13, 2017 78,074 - 2,613 - - - 80,687 March 20, 2017 206,037 - 6,921 - - - 212,958 April 4, 2017 127,958 - 4,298 - - - 132,256 May 2, 2017 25,763 - 868 - - - 26,631 May 5, 2017 25,755 - 868 - - - 26,623 May 15, 2017 308,729 - 10,415 - - - 319,144 May 17, 2017 309,655 - 10,586 - - - 320,241 June 8, 2017 76,985 - 2,604 - - - 79,589 June 8, 2017 76,985 - 2,604 - - - 79,589 June 30, 2017 100,063 - 3,414 - - - 103,477 July 3, 2017 - 100,000 2,406 - - - 102,406 July 14, 2017 - 15,000 514 - - - 15,514 July 26, 2017 - 15,000 496 - - - 15,496 July 26, 2017 - 30,000 722 - - - 30,722 August 4, 2017 - 30,000 722 - - - 30,722 August 4, 2017 - 30,000 963 - - - 30,963 September 5, 2017 - 30,000 722 - - - 30,722 September 7, 2017 - 55,000 1,525 - - - 56,525 September 28, 2017 - 50,000 1,156 - - - 51,156 $ 4,243,740 $ 355,000 $ 115,665 $ (283,988 ) $ (10,954 ) $ (708,000 ) $ 3,711,463 Less: Unamortized debt discount $ (1,402,631 ) - - - - - (1,175,921 ) Total note payable, net of debt discount $ 2,841,109 - - - - - $ 2,535,542 Current portion $ 2,841,109 - - - - - $ 2,535,542 Long term portion $ - - - - - - $ - |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | September 30, 2017 June 30, 2017 Dividend yield: 0% 0% Volatility 225.8 – 229.6% 247.5 – 284.4% Risk free rate: 1.03 - 1.31% 1.03 – 1.89% |
Schedule of Changes in Fair Value of Convertible Promissory Notes [Table Text Block] | Derivative Liability (convertible promissory notes) Balance, June 30, 2016 $ 1,162,058 Initial fair value at note issuances 5,290,359 Fair value of liability at note conversion (1,818,596 Extinguishment of derivative liability (298,728 ) Mark-to-market at June 30, 2017 (948,842 ) Balance, June 30, 2017 $ 3,386,251 Initial fair value at note issuances 499,139 Fair value of liability at note conversion (372,939 ) Extinguishment of derivative liability - Mark-to-market at September 30, 2017 (881,273 ) Balance, September 30, 2017 $ 2,631,179 Net gain for the period included in earnings relating to the liabilities held at September 30, 2017 $ 881,273 |
Schedule of Stockholders' Equity Note, Warrants or Rights, Valuation Assumptions [Table Text Block] | September 30, 2017 June 30, 2017 Dividend yield: 0% 0% Volatility 225.8 – 263.8% 247.5% Risk free rate: 1.31 - 1.92% 1.89% |
Schedule of Stockholders' Equity Warrants Activity [Table Text Block] | Warrants Weighted Weighted Outstanding Average Average Exercise Remaining Price life Balance, June 30, 2016 26,972 $ 100.20 2.79 years Exercised (120 ) 280.00 - Issued (117 ) 212.40 - Expired - - - Cancelled (550 ) 280.00 - Balance, June 30, 2017 14,730 $ 213.76 2.55 years Exercised - - - Issued 274,285,714 - - Expired - - - Cancelled (505 ) 214.08 - Balance, September 30, 2017 274,299,939 $ 0.0037 4.87 years |
Schedule of Changes in Fair Value of Financial Liabilities [Table Text Block] | Derivative Liability (warrants) Balance, June 30, 2016 $ 268,611 Fair value of warrant cancelled (111,073 ) Fair value of warrant exercised (71,595 ) Mark-to-market at June 30, 2017 – warrant liability 252,931 Balance, June 30, 2017 $ 338,874 Initial fair value of warrant derivatives at note issuances 190,841 Fair value of warrant cancelled - Fair value of warrant exercised - Mark-to-market at September 30, 2017 – warrant liability (100,290 ) Balance, September 30, 2017 $ 429,425 Net gain for the year included in earnings relating to the liabilities held at September 30, 2017 $ 100,290 |
July 3, 2017 Embedded Derivatives [Member] | |
Schedule of Valuation Assumptions [Table Text Block] | Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% |
July 14, 2017 Embedded Derivatives [Member] | |
Schedule of Valuation Assumptions [Table Text Block] | Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% |
July 26, 2017 Embedded Derivatives [Member] | |
Schedule of Valuation Assumptions [Table Text Block] | Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% |
July 26, 2017 Embedded Derivatives 2 [Member] | |
Schedule of Valuation Assumptions [Table Text Block] | Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% |
August 4, 2017 Embedded Derivatives [Member] | |
Schedule of Valuation Assumptions [Table Text Block] | Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% |
August 4, 2017 Embedded Derivatives 2 [Member] | |
Schedule of Valuation Assumptions [Table Text Block] | Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% |
September 5, 2017 Embedded Derivatives [Member] | |
Schedule of Valuation Assumptions [Table Text Block] | Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% |
September 7, 2017 Embedded Derivatives [Member] | |
Schedule of Valuation Assumptions [Table Text Block] | Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% |
September 28, 2017 Embedded Derivatives [Member] | |
Schedule of Valuation Assumptions [Table Text Block] | Dividend yield: 0.00% Volatility 225.76% Risk free rate: 1.03% |
DISCONTINUED OPERATIONS (Tables
DISCONTINUED OPERATIONS (Tables) | 3 Months Ended |
Sep. 30, 2017 | |
Schedule of Discontinued Operations, Consolidated Statements of Operations and Comprehensive Loss [Table Text Block] | September 30, September 30, 2017 2016 Revenue $ - $ - Selling, general and administrative $ (48 ) (31 ) Loss from discontinued operations $ (48 ) $ (31 ) |
Schedule of Discontinued Operations, Consolidated Balance Sheets [Table Text Block] | Consolidated Balance Sheets September 30, June 30, 2017 2017 Current assets: Cash and cash equivalents $ 1,120 $ 1,115 Receivable, net 683 652 Prepaid expenses 1,911 1,824 GST Receivable 17,027 16,260 $ 20,740 $ 19,852 Current liabilities: Accounts payable $ 6,733 $ 6,429 |
ORGANIZATION (Narrative) (Detai
ORGANIZATION (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($)$ / sharesshares | |
Organization 1 | 51.00% |
Organization 2 | 500,000,000 |
Organization 3 | $ | $ 0.001 |
Organization 4 | 2,000,000,000 |
Organization 5 | $ | $ 0.001 |
Organization 6 | 2,000,000,000 |
Organization 7 | 100,000,000 |
Organization 8 | $ | $ 0.001 |
Organization 9 | 20 |
Organization 10 | 1 |
Organization 11 | 2,000,000,000 |
Organization 12 | $ | $ 0.001 |
Organization 13 | 10,000,000,000 |
Organization 14 | $ / shares | $ 0.001 |
Organization 15 | 200 |
Organization 16 | 1 |
SIGNIFICANT ACCOUNTING POLICI25
SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Significant Accounting Policies 1 | 51.00% |
Significant Accounting Policies 2 | $ 31,446 |
Significant Accounting Policies 3 | $ 33,136 |
Significant Accounting Policies 4 | 49.00% |
Significant Accounting Policies 5 | 9,011,220,371 |
Significant Accounting Policies 6 | $ 0 |
Significant Accounting Policies 7 | $ 0 |
CAPITAL STOCK (Narrative) (Deta
CAPITAL STOCK (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($)yr$ / sharesshares | |
Capital Stock 1 | 20 |
Capital Stock 2 | 1 |
Capital Stock 3 | 200 |
Capital Stock 4 | 1 |
Capital Stock 5 | 100,000,000 |
Capital Stock 6 | 100,000,000 |
Capital Stock 7 | $ / shares | $ 0.001 |
Capital Stock 8 | 600,000,000 |
Capital Stock 9 | 500,000,000 |
Capital Stock 10 | $ / shares | $ 0.001 |
Capital Stock 11 | 100,000,000 |
Capital Stock 12 | $ / shares | $ 0.001 |
Capital Stock 13 | 20,000,000 |
Capital Stock 14 | $ / shares | $ 0.001 |
Capital Stock 15 | $ / shares | $ 100 |
Capital Stock 16 | $ | $ 0.001 |
Capital Stock 17 | 2,000,000 |
Capital Stock 18 | $ / shares | $ 0.001 |
Capital Stock 19 | $ | $ 0.001 |
Capital Stock 20 | 1 |
Capital Stock 21 | $ | $ 1 |
Capital Stock 22 | 500,000,000 |
Capital Stock 23 | $ | $ 0.001 |
Capital Stock 24 | 2,000,000,000 |
Capital Stock 25 | $ | $ 0.001 |
Capital Stock 26 | 2,000,000,000 |
Capital Stock 27 | 100,000,000 |
Capital Stock 28 | $ | $ 0.001 |
Capital Stock 29 | 50,000,000 |
Capital Stock 30 | 100,000,000 |
Capital Stock 31 | $ | $ 0.001 |
Capital Stock 32 | 62 |
Capital Stock 33 | yr | 1 |
Capital Stock 34 | 75.00% |
Capital Stock 35 | 2,000,000,000 |
Capital Stock 36 | $ | $ 0.001 |
Capital Stock 37 | 10,000,000,000 |
Capital Stock 38 | $ | $ 0.001 |
Capital Stock 39 | 70,000,000 |
Capital Stock 41 | 70,000,000 |
Capital Stock 42 | $ | $ 757,347 |
Capital Stock 43 | 870,000,000 |
Capital Stock 44 | $ | $ 0.00030 |
Capital Stock 45 | $ / shares | $ 0.00038 |
Capital Stock 46 | $ | $ 292,500 |
Capital Stock 47 | 11,666,667 |
Capital Stock 48 | $ | $ 8,166 |
PROVISION FOR INCOME TAXES (Nar
PROVISION FOR INCOME TAXES (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Provision For Income Taxes 1 | $ 15,000,000 |
Provision For Income Taxes 2 | 391,274 |
Provision For Income Taxes 3 | $ 237,188 |
DEPOSITS AND ADVANCES (Narrativ
DEPOSITS AND ADVANCES (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Deposits And Advances 1 | $ 854,620 |
Deposits And Advances 2 | $ 783,620 |
CONVERTIBLE PROMISSORY NOTES (N
CONVERTIBLE PROMISSORY NOTES (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($)shares | |
Convertible Promissory Notes 1 | $ 110,000 |
Convertible Promissory Notes 2 | $ 10,000 |
Convertible Promissory Notes 3 | 10.00% |
Convertible Promissory Notes 4 | $ 0.005 |
Convertible Promissory Notes 5 | 25.00% |
Convertible Promissory Notes 6 | $ 132,991 |
Convertible Promissory Notes 7 | 57,619 |
Convertible Promissory Notes 8 | 75,372 |
Convertible Promissory Notes 9 | 17,160 |
Convertible Promissory Notes 10 | $ 2,160 |
Convertible Promissory Notes 11 | 10.00% |
Convertible Promissory Notes 12 | $ 0.005 |
Convertible Promissory Notes 13 | 25.00% |
Convertible Promissory Notes 14 | $ 20,747 |
Convertible Promissory Notes 15 | 8,989 |
Convertible Promissory Notes 16 | 11,758 |
Convertible Promissory Notes 17 | 17,160 |
Convertible Promissory Notes 18 | $ 2,160 |
Convertible Promissory Notes 19 | 10.00% |
Convertible Promissory Notes 20 | $ 0.005 |
Convertible Promissory Notes 21 | 25.00% |
Convertible Promissory Notes 22 | $ 20,747 |
Convertible Promissory Notes 23 | 8,989 |
Convertible Promissory Notes 24 | 11,758 |
Convertible Promissory Notes 25 | 33,000 |
Convertible Promissory Notes 26 | $ 3,000 |
Convertible Promissory Notes 27 | 10.00% |
Convertible Promissory Notes 28 | $ 0.005 |
Convertible Promissory Notes 29 | 25.00% |
Convertible Promissory Notes 30 | $ 39,897 |
Convertible Promissory Notes 31 | 17,286 |
Convertible Promissory Notes 32 | 22,612 |
Convertible Promissory Notes 33 | 33,000 |
Convertible Promissory Notes 34 | $ 3,000 |
Convertible Promissory Notes 35 | 10.00% |
Convertible Promissory Notes 36 | $ 0.005 |
Convertible Promissory Notes 37 | 25.00% |
Convertible Promissory Notes 38 | $ 47,543 |
Convertible Promissory Notes 39 | 25,667 |
Convertible Promissory Notes 40 | 21,876 |
Convertible Promissory Notes 41 | 34,320 |
Convertible Promissory Notes 42 | $ 4,320 |
Convertible Promissory Notes 43 | 10.00% |
Convertible Promissory Notes 44 | $ 0.005 |
Convertible Promissory Notes 45 | 25.00% |
Convertible Promissory Notes 46 | $ 49,445 |
Convertible Promissory Notes 47 | 26,693 |
Convertible Promissory Notes 48 | 22,751 |
Convertible Promissory Notes 49 | 33,000 |
Convertible Promissory Notes 50 | $ 3,000 |
Convertible Promissory Notes 51 | 10.00% |
Convertible Promissory Notes 52 | $ 0.005 |
Convertible Promissory Notes 53 | 25.00% |
Convertible Promissory Notes 54 | $ 34,230 |
Convertible Promissory Notes 55 | 11,000 |
Convertible Promissory Notes 56 | 23,230 |
Convertible Promissory Notes 57 | 62,920 |
Convertible Promissory Notes 58 | $ 7,920 |
Convertible Promissory Notes 59 | 10.00% |
Convertible Promissory Notes 60 | $ 0.005 |
Convertible Promissory Notes 61 | 25.00% |
Convertible Promissory Notes 62 | $ 80,426 |
Convertible Promissory Notes 63 | 37,752 |
Convertible Promissory Notes 64 | 42,674 |
Convertible Promissory Notes 65 | 57,200 |
Convertible Promissory Notes 66 | $ 7,200 |
Convertible Promissory Notes 67 | 10.00% |
Convertible Promissory Notes 68 | $ 0.005 |
Convertible Promissory Notes 69 | 25.00% |
Convertible Promissory Notes 70 | $ 73,114 |
Convertible Promissory Notes 71 | 34,320 |
Convertible Promissory Notes 72 | 38,794 |
Convertible Promissory Notes 73 | 0 |
Convertible Promissory Notes 74 | 1,491,082 |
Convertible Promissory Notes 75 | 1,491,082 |
Convertible Promissory Notes 76 | 1,393,027 |
Convertible Promissory Notes 77 | 29,098 |
Convertible Promissory Notes 78 | 460,000 |
Convertible Promissory Notes 79 | 250,873 |
Convertible Promissory Notes 80 | $ 111,072 |
Convertible Promissory Notes 81 | shares | 1,011 |
Convertible Promissory Notes 82 | $ 21,908 |
Convertible Promissory Notes 83 | 100,000 |
Convertible Promissory Notes 84 | $ 100,000 |
Convertible Promissory Notes 85 | shares | 506 |
Convertible Promissory Notes 86 | $ 10,954 |
Convertible Promissory Notes 87 | 89,046 |
Convertible Promissory Notes 88 | $ 100,000 |
Convertible Promissory Notes 89 | shares | 505 |
Convertible Promissory Notes 90 | $ 10,954 |
Convertible Promissory Notes 91 | 89,046 |
Convertible Promissory Notes 92 | 761,531 |
Convertible Promissory Notes 93 | 142,332 |
Convertible Promissory Notes 94 | 115,665 |
Convertible Promissory Notes 95 | 4,095 |
Convertible Promissory Notes 96 | 2,631,178 |
Convertible Promissory Notes 97 | 3,386,252 |
Convertible Promissory Notes 98 | 881,273 |
Convertible Promissory Notes 99 | $ 969,083 |
Convertible Promissory Notes 100 | 870,000,000 |
Convertible Promissory Notes 101 | shares | 2,339,379,237 |
Convertible Promissory Notes 102 | $ 292,500 |
Convertible Promissory Notes 103 | 1,266,819 |
Convertible Promissory Notes 104 | 372,939 |
Convertible Promissory Notes 105 | $ 1,818,596 |
Convertible Promissory Notes 106 | shares | 274,285,714 |
Convertible Promissory Notes 107 | $ 429,425 |
Convertible Promissory Notes 108 | 338,873 |
Convertible Promissory Notes 109 | 100,290 |
Convertible Promissory Notes 110 | 181,247 |
Convertible Promissory Notes 111 | 0 |
Convertible Promissory Notes 112 | $ 71,595 |
RELATED PARTY TRANSACTIONS (Nar
RELATED PARTY TRANSACTIONS (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Related Party Transactions 1 | $ 16,000 |
Related Party Transactions 2 | 0 |
Related Party Transactions 3 | 115,000 |
Related Party Transactions 4 | $ 115,000 |
GOING CONCERN AND LIQUIDITY C31
GOING CONCERN AND LIQUIDITY CONSIDERATIONS (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Going Concern And Liquidity Considerations 1 | $ 6,014,743 |
Going Concern And Liquidity Considerations 2 | 6,934,640 |
Going Concern And Liquidity Considerations 3 | 58,124,417 |
Going Concern And Liquidity Considerations 4 | $ 57,683,563 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($)mo$ / mo | |
Commitments And Contingencies 1 | mo | 24 |
Commitments And Contingencies 2 | $ 120,000 |
Commitments And Contingencies 3 | $ / mo | 1,199 |
Commitments And Contingencies 11 | $ 854,620 |
DISCONTINUED OPERATIONS (Narrat
DISCONTINUED OPERATIONS (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017CAD | |
Discontinued Operations 1 | 51.00% |
Discontinued Operations 2 | CAD 10,000 |
SETTLEMENT (Narrative) (Details
SETTLEMENT (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2017USD ($)d$ / shares | |
Settlement 1 | $ 2,000,000 |
Settlement 2 | 1,700,000 |
Settlement 3 | 400,000 |
Settlement 4 | $ 800,000 |
Settlement 5 | 50.00% |
Settlement 6 | $ / shares | $ 0.0025 |
Settlement 7 | 50.00% |
Settlement 8 | $ / shares | $ 0.0035 |
Settlement 9 | $ 0.0005 |
Settlement 10 | d | 3 |
Settlement 11 | $ / shares | $ 0.0025 |
Settlement 12 | 300.00% |
Settlement 13 | 3 |
Settlement 14 | $ 0.0035 |
Settlement 15 | 400.00% |
Settlement 16 | 3 |
Settlement 17 | 50.00% |
Settlement 18 | 25.00% |
Settlement 19 | $ 190,842 |
Settlement 20 | 23,958 |
Settlement 21 | 166,884 |
Settlement 22 | 708,000 |
Settlement 23 | $ 49,347 |
Settlement 24 | 70,000,000 |
Settlement 25 | 70,000,000 |
Settlement 26 | $ / shares | $ 0.0101 |
SUBSEQUENT EVENTS (Narrative) (
SUBSEQUENT EVENTS (Narrative) (Details) - 3 months ended Sep. 30, 2017 | USD ($)d$ / sharesshares | CADdshares |
Subsequent Events 1 | $ 115,500 | |
Subsequent Events 2 | $ 105,000 | |
Subsequent Events 3 | 10.00% | 10.00% |
Subsequent Events 4 | $ / shares | $ 0.005 | |
Subsequent Events 5 | 25.00% | 25.00% |
Subsequent Events 6 | shares | 401,459,699 | 401,459,699 |
Subsequent Events 7 | $ 0.000225 | |
Subsequent Events 8 | $ / shares | $ 0.00030 | |
Subsequent Events 9 | $ 109,152 | |
Subsequent Events 10 | CAD | CAD 90,000 | |
Subsequent Events 11 | CAD | 10,000 | |
Subsequent Events 12 | CAD | CAD 90,000 | |
Subsequent Events 13 | $ 25,000 | |
Subsequent Events 14 | 120 | 120 |
Subsequent Events 15 | $ 100,000 | |
Subsequent Events 16 | $ 30,000 | |
Subsequent Events 17 | 10.00% | 10.00% |
Subsequent Events 18 | d | 30 | 30 |
Schedule of Relevant Translatio
Schedule of Relevant Translation Rates (Details) | 3 Months Ended |
Sep. 30, 2017 | |
Significant Accounting Policies Schedule Of Relevant Translation Rates 1 | 0.806 |
Significant Accounting Policies Schedule Of Relevant Translation Rates 2 | 0.762 |
Significant Accounting Policies Schedule Of Relevant Translation Rates 3 | 0.798 |
Significant Accounting Policies Schedule Of Relevant Translation Rates 4 | 0.767 |
Schedule of Deferred Tax Assets
Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) | 3 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 1 | $ 440,829 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 2 | 154,290 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 3 | 0 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 4 | (269,587) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 5 | (94,355) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 6 | 981,563 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 7 | 343,547 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 8 | (761,531) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 9 | (266,536) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 10 | 391,274 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 11 | 136,946 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 12 | (391,274) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 13 | (136) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 14 | 946 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 15 | 0 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 16 | $ 0 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 1 | $ 3,220,699 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 2 | 1,127,245 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 3 | (85) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 4 | (30) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 5 | (199,683) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 6 | (69,889) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 7 | (1,150,330) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 8 | (402,616) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 9 | (1,491,082) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 10 | (521,879) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 11 | (142,332) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 12 | (49,816) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 13 | 237,188 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 14 | 83,016 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 15 | (237,188) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 16 | (83,016) | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 17 | 0 | |
Provision For Income Taxes Schedule Of Deferred Tax Assets And Liabilities 18 | $ 0 |
Schedule of Summary of Converti
Schedule of Summary of Convertible Promissory Note (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 1 | $ 10,954 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 2 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 3 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 4 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 5 | (10,954) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 6 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 7 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 8 | 7,222 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 9 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 10 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 11 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 12 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 13 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 14 | 7,222 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 15 | 7,150 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 16 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 17 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 18 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 19 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 20 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 21 | 7,150 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 22 | 30,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 23 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 24 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 25 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 26 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 27 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 28 | 30,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 29 | 45,712 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 30 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 31 | 1,574 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 32 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 33 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 34 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 35 | 47,286 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 36 | 27,201 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 37 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 38 | 717 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 39 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 40 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 41 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 42 | 27,918 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 43 | 139,810 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 44 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 45 | 4,020 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 46 | (124,500) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 47 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 48 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 49 | 19,330 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 50 | 20,925 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 51 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 52 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 53 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 54 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 55 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 56 | 20,925 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 57 | 1,165,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 58 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 59 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 60 | (10,500) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 61 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 62 | (708,000) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 63 | 446,500 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 64 | 121,655 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 65 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 66 | 2,992 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 67 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 68 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 69 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 70 | 124,647 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 71 | 99,740 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 72 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 73 | 2,369 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 74 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 75 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 76 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 77 | 102,109 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 78 | 45,365 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 79 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 80 | 2,035 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 81 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 82 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 83 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 84 | 47,400 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 85 | 157,594 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 86 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 87 | 4,156 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 88 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 89 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 90 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 91 | 161,750 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 92 | 28,569 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 93 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 94 | 1,460 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 95 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 96 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 97 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 98 | 30,029 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 99 | 27,693 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 100 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 101 | 1,141 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 102 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 103 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 104 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 105 | 28,834 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 106 | 94,215 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 107 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 108 | 3,195 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 109 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 110 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 111 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 112 | 97,410 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 113 | 41,221 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 114 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 115 | 1,830 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 116 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 117 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 118 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 119 | 43,051 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 120 | 86,432 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 121 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 122 | 2,279 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 123 | (76,748) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 124 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 125 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 126 | 11,963 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 127 | 46,179 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 128 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 129 | 2,076 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 130 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 131 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 132 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 133 | 48,255 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 134 | 112,735 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 135 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 136 | 7,199 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 137 | (72,240) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 138 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 139 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 140 | 47,694 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 141 | 80,707 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 142 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 143 | 7,271 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 144 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 145 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 146 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 147 | 87,978 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 148 | 106,680 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 149 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 150 | 2,505 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 151 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 152 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 153 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 154 | 109,185 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 155 | 73,223 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 156 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 157 | 2,973 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 158 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 159 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 160 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 161 | 76,196 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 162 | 331,754 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 163 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 164 | 11,457 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 165 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 166 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 167 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 168 | 343,211 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 169 | 78,074 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 170 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 171 | 2,613 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 172 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 173 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 174 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 175 | 80,687 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 176 | 206,037 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 177 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 178 | 6,921 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 179 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 180 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 181 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 182 | 212,958 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 183 | 127,958 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 184 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 185 | 4,298 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 186 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 187 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 188 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 189 | 132,256 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 190 | 25,763 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 191 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 192 | 868 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 193 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 194 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 195 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 196 | 26,631 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 197 | 25,755 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 198 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 199 | 868 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 200 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 201 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 202 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 203 | 26,623 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 204 | 308,729 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 205 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 206 | 10,415 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 207 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 208 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 209 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 210 | 319,144 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 211 | 309,655 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 212 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 213 | 10,586 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 214 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 215 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 216 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 217 | 320,241 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 218 | 76,985 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 219 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 220 | 2,604 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 221 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 222 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 223 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 224 | 79,589 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 225 | 76,985 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 226 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 227 | 2,604 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 228 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 229 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 230 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 231 | 79,589 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 232 | 100,063 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 233 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 234 | 3,414 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 235 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 236 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 237 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 238 | 103,477 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 239 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 240 | 100,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 241 | 2,406 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 242 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 243 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 244 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 245 | 102,406 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 246 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 247 | 15,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 248 | 514 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 249 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 250 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 251 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 252 | 15,514 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 253 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 254 | 15,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 255 | 496 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 256 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 257 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 258 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 259 | 15,496 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 260 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 261 | 30,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 262 | 722 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 263 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 264 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 265 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 266 | 30,722 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 267 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 268 | 30,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 269 | 722 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 270 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 271 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 272 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 273 | 30,722 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 274 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 275 | 30,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 276 | 963 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 277 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 278 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 279 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 280 | 30,963 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 281 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 282 | 30,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 283 | 722 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 284 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 285 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 286 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 287 | 30,722 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 288 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 289 | 55,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 290 | 1,525 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 291 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 292 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 293 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 294 | 56,525 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 295 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 296 | 50,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 297 | 1,156 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 298 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 299 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 300 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 301 | 51,156 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 302 | 4,243,740 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 303 | 355,000 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 304 | 115,665 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 305 | (283,988) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 306 | (10,954) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 307 | (708,000) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 308 | 3,711,463 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 309 | (1,402,631) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 310 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 311 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 312 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 313 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 314 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 315 | (1,175,921) |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 316 | 2,841,109 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 317 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 318 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 319 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 320 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 321 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 322 | 2,535,542 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 323 | 2,841,109 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 324 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 325 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 326 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 327 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 328 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 329 | 2,535,542 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 330 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 331 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 332 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 333 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 334 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 335 | 0 |
Convertible Promissory Notes Schedule Of Summary Of Convertible Promissory Note 336 | $ 0 |
Schedule of Valuation Assumptio
Schedule of Valuation Assumptions (Details) | 3 Months Ended |
Sep. 30, 2017 | |
July 3, 2017 Embedded Derivatives [Member] | |
Convertible Promissory Notes Schedule Of Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 2 | 225.76% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 3 | 1.03% |
July 14, 2017 Embedded Derivatives [Member] | |
Convertible Promissory Notes Schedule Of Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 2 | 225.76% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 3 | 1.03% |
July 26, 2017 Embedded Derivatives [Member] | |
Convertible Promissory Notes Schedule Of Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 2 | 225.76% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 3 | 1.03% |
July 26, 2017 Embedded Derivatives 2 [Member] | |
Convertible Promissory Notes Schedule Of Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 2 | 225.76% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 3 | 1.03% |
August 4, 2017 Embedded Derivatives [Member] | |
Convertible Promissory Notes Schedule Of Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 2 | 225.76% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 3 | 1.03% |
August 4, 2017 Embedded Derivatives 2 [Member] | |
Convertible Promissory Notes Schedule Of Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 2 | 225.76% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 3 | 1.03% |
September 5, 2017 Embedded Derivatives [Member] | |
Convertible Promissory Notes Schedule Of Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 2 | 225.76% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 3 | 1.03% |
September 7, 2017 Embedded Derivatives [Member] | |
Convertible Promissory Notes Schedule Of Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 2 | 225.76% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 3 | 1.03% |
September 28, 2017 Embedded Derivatives [Member] | |
Convertible Promissory Notes Schedule Of Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 2 | 225.76% |
Convertible Promissory Notes Schedule Of Valuation Assumptions 3 | 1.03% |
Schedule of Share-based Payment
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) | 3 Months Ended |
Sep. 30, 2017 | |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 2 | 0.00% |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 3 | 225.8 |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 4 | 229.60% |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 5 | 247.5 |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 6 | 284.40% |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 7 | 1.03% |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 8 | 1.31% |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 9 | 1.03 |
Convertible Promissory Notes Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 10 | 1.89% |
Schedule of Changes in Fair Val
Schedule of Changes in Fair Value of Convertible Promissory Notes (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 1 | $ 1,162,058 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 2 | 5,290,359 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 3 | (1,818,596) |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 4 | (298,728) |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 5 | (948,842) |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 6 | 3,386,251 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 7 | 499,139 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 8 | (372,939) |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 9 | 0 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 10 | (881,273) |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 11 | 2,631,179 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Convertible Promissory Notes 12 | $ 881,273 |
Schedule of Stockholders' Equit
Schedule of Stockholders' Equity Note, Warrants or Rights, Valuation Assumptions (Details) | 3 Months Ended |
Sep. 30, 2017 | |
Convertible Promissory Notes Schedule Of Stockholders' Equity Note, Warrants Or Rights, Valuation Assumptions 1 | 0.00% |
Convertible Promissory Notes Schedule Of Stockholders' Equity Note, Warrants Or Rights, Valuation Assumptions 2 | 0.00% |
Convertible Promissory Notes Schedule Of Stockholders' Equity Note, Warrants Or Rights, Valuation Assumptions 3 | 225.8 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Note, Warrants Or Rights, Valuation Assumptions 4 | 263.80% |
Convertible Promissory Notes Schedule Of Stockholders' Equity Note, Warrants Or Rights, Valuation Assumptions 5 | 247.50% |
Convertible Promissory Notes Schedule Of Stockholders' Equity Note, Warrants Or Rights, Valuation Assumptions 6 | 1.31 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Note, Warrants Or Rights, Valuation Assumptions 7 | 1.92% |
Convertible Promissory Notes Schedule Of Stockholders' Equity Note, Warrants Or Rights, Valuation Assumptions 8 | 1.89% |
Schedule of Stockholders' Equ43
Schedule of Stockholders' Equity Warrants Activity (Details) | 3 Months Ended |
Sep. 30, 2017USD ($)yr | |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 1 | $ 26,972 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 2 | 100.20 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 3 | yr | 2.79 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 4 | $ (120) |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 5 | 280 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 6 | $ 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 7 | $ (117) |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 8 | 212.40 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 9 | $ 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 10 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 11 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 12 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 13 | $ (550) |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 14 | 280 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 15 | $ 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 16 | $ 14,730 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 17 | 213.76 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 18 | yr | 2.55 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 19 | $ 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 20 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 21 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 22 | 274,285,714 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 23 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 24 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 25 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 26 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 27 | 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 28 | $ (505) |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 29 | 214.08 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 30 | $ 0 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 31 | $ 274,299,939 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 32 | 0.0037 |
Convertible Promissory Notes Schedule Of Stockholders' Equity Warrants Activity 33 | yr | 4.87 |
Schedule of Changes in Fair V44
Schedule of Changes in Fair Value of Financial Liabilities (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 1 | $ 268,611 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 2 | (111,073) |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 3 | (71,595) |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 4 | 252,931 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 5 | 338,874 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 6 | 190,841 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 7 | 0 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 8 | 0 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 9 | (100,290) |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 10 | 429,425 |
Convertible Promissory Notes Schedule Of Changes In Fair Value Of Financial Liabilities 11 | $ 100,290 |
Schedule of Discontinued Operat
Schedule of Discontinued Operations, Consolidated Statements of Operations and Comprehensive Loss (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Statements Of Operations And Comprehensive Loss 1 | $ 0 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Statements Of Operations And Comprehensive Loss 2 | 0 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Statements Of Operations And Comprehensive Loss 3 | (48) |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Statements Of Operations And Comprehensive Loss 4 | (31) |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Statements Of Operations And Comprehensive Loss 5 | (48) |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Statements Of Operations And Comprehensive Loss 6 | $ (31) |
Schedule of Discontinued Oper46
Schedule of Discontinued Operations, Consolidated Balance Sheets (Details) | 3 Months Ended |
Sep. 30, 2017USD ($) | |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 1 | $ 1,120 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 2 | 1,115 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 3 | 683 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 4 | 652 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 5 | 1,911 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 6 | 1,824 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 7 | 17,027 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 8 | 16,260 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 9 | 20,740 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 10 | 19,852 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 11 | 6,733 |
Discontinued Operations Schedule Of Discontinued Operations, Consolidated Balance Sheets 12 | $ 6,429 |