Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Mar. 31, 2016 | May. 18, 2016 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | APPYEA, INC | |
Entity Central Index Key | 1,568,969 | |
Trading Symbol | apyp | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 319,087,526 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2016 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q3 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Mar. 31, 2016 | Jun. 30, 2015 |
Current Assets: | ||
Cash and cash equivalents | $ 4,503 | $ 265 |
Accounts receivable | 339 | |
Prepaid expenses | 54,122 | 1,498,483 |
Deferred financing cost, net | 5,500 | |
Total Current Assets | 64,125 | 1,499,087 |
Fixed assets, net | 94,145 | 76,572 |
TOTAL ASSETS | 158,270 | 1,575,659 |
Current Liabilities: | ||
Accounts payable | 1,175 | 4,277 |
Derivative liabilities | 183,739 | 158,775 |
Convertible loans and accrued interest, net of debt discounts | 83,578 | 56,065 |
Convertible loans and accrued interest, net of debt discounts - related party | 17,571 | |
Total Current Liabilities | 268,492 | 236,688 |
Total Liabilities | $ 268,492 | $ 236,688 |
Commitments and Contingencies (Note 9) | ||
Stockholders' Equity (Deficit): | ||
Convertible preferred stock, $0.0001 par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding at March 31, 2016 and June 30, 2015, respectively | $ 500 | $ 500 |
Common stock, $0.0001 par value, 750,000,000 shares authorized, 182,935,431 and 37,847,163 shares issued and outstanding at March 31, 2016 and June 30, 2015, respectively | 18,293 | 3,784 |
Additional paid-in capital | 3,446,181 | 2,474,909 |
Accumulated deficit | (3,575,196) | (1,140,222) |
Total Stockholders' Equity (Deficit) | (110,222) | 1,338,971 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 158,270 | $ 1,575,659 |
BALANCE SHEETS (Parentheticals)
BALANCE SHEETS (Parentheticals) - $ / shares | Mar. 31, 2016 | Jun. 30, 2015 |
Statement of Financial Position [Abstract] | ||
Convertible preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Convertible preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Convertible preferred stock, shares issued | 5,000,000 | 5,000,000 |
Convertible preferred stock, shares outstanding | 5,000,000 | 5,000,000 |
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 750,000,000 | 750,000,000 |
Common stock, shares issued | 182,935,431 | 37,847,163 |
Common stock, shares outstanding | 182,935,431 | 37,847,163 |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Income Statement [Abstract] | ||||
Revenues | $ 3,554 | $ 871 | $ 5,412 | $ 2,950 |
Gross Profit | 3,554 | 871 | 5,412 | 2,950 |
Operating Expenses | ||||
Sales and marketing | 820 | 149 | 7,206 | 17,436 |
Legal and professional fees | 96,653 | 164,632 | 1,823,046 | 185,785 |
General and administrative | 14,955 | 1,649 | 22,618 | 21,354 |
Loss on sales of fixed assets | 3,914 | 3,914 | ||
Depreciation | 18,084 | 15,615 | 55,814 | 40,177 |
Total Operating Expenses | 134,426 | 182,045 | 1,912,598 | 264,752 |
Loss from operations | (130,872) | (181,174) | (1,907,186) | (261,802) |
Other Income (Expense) | ||||
Change in fair value of derivative liabilities | (1,985) | (6,390) | (334,475) | (17,630) |
Interest expense | (74,229) | (15,001) | (193,313) | (28,140) |
Net Other Income (Expense) | (76,214) | (21,391) | (527,788) | (45,770) |
Net Loss | $ (207,086) | $ (202,565) | $ (2,434,974) | $ (307,572) |
Net Loss Per Share: Basic and Diluted | $ 0 | $ (0.01) | $ (0.03) | $ (0.01) |
Weighted Average Number of Shares Outstanding: Basic and Diluted | 116,445,060 | 34,541,979 | 75,757,332 | 36,266,989 |
STATEMENTS OF CASH FLOWS (Unaud
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (2,434,974) | $ (307,572) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation expense | 55,814 | 40,177 |
Common stock issued for services | 337,500 | 146,483 |
Amortization of stock issued for prepaid services | 1,447,291 | |
Amortization of deferred financing cost | 13,202 | |
Amortization of debt discounts | 166,079 | 22,516 |
Loss on sales of fixed assets | 3,914 | |
Change in fair value of derivative liabilities | 334,475 | 17,630 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 339 | 11 |
Prepaid expenses | (2,930) | |
Accounts payable | (3,102) | 10,672 |
Accrued interest | 14,032 | 5,624 |
Net Cash Used in Operating Activities | (68,360) | (64,460) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Proceed from sales of fixed assets | 700 | |
Purchase of mobile application software | (20,000) | |
Net cash used in Investing Activities | (19,300) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Issuance of common stock for cash | 23,250 | |
Proceeds from convertible notes payable, net of original issue discounts | 106,750 | 47,000 |
Payment of deferred financing costs | (14,852) | |
Repayment of convertible notes payable | (2,000) | |
Net cash provided by Financing Activities | 91,898 | 68,250 |
Net cash increase for period | 4,238 | 3,790 |
Cash at beginning of period | 265 | 4,404 |
Cash at end of period | $ 4,503 | $ 8,194 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Cash paid for income taxes | ||
Cash paid for interest | ||
NON CASH INVESTING AND FINANCING ACTIVITIES | ||
Purchase of mobile application software for convertible loan | $ 58,000 | $ 60,000 |
Issuance of common stock for deferred financing costs | 3,850 | |
Issuance of common stock for conversion of debt and accrued interest | 170,170 | |
Resolution of derivative liabilities upon conversion of debt | 474,261 | |
Derivative liability recognized as debt discount | 164,750 | |
Cancelation of issuance of common stock for services | $ 172 |
NATURE OF OPERATIONS
NATURE OF OPERATIONS | 9 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF OPERATIONS | 1. NATURE OF OPERATIONS AppYea, Inc. ("AppYea", "the Company", "we" or "us") was incorporated in the State of South Dakota on November 26, 2012, to engage in the acquisition, purchase, maintenance and creation of mobile software applications. The Company is in the development stage with no significant revenues and a limited operating history. The Company's common stock is traded on the OTC Markets (www.otcmarkets.com) under the symbol "APYP". The first day of trading on the OTC Markets was December 15, 2014. |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 9 Months Ended |
Mar. 31, 2016 | |
Basis Of Presentation [Abstract] | |
BASIS OF PRESENTATION | 2. BASIS OF PRESENTATION The Company's fiscal year end is June 30. The accompanying unaudited interim condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial reporting and are presented in US dollars. Accordingly, these unaudited interim condensed financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of March 31, 2016, and for the interim periods presented herein have been reflected in these unaudited interim condensed financial statements and the notes thereto. Interim results included herein are not necessarily indicative of the results to be expected for the fiscal year as a whole. These unaudited interim condensed financial statements should be read in conjunction with the audited financial statements and accompanying notes for the fiscal year ended June 30, 2015, included in its Annual Report on Form 10-K filed on October 28, 2015. Certain prior period amounts have been reclassified to conform to current period presentation. |
GOING CONCERN AND LIQUIDITY
GOING CONCERN AND LIQUIDITY | 9 Months Ended |
Mar. 31, 2016 | |
Going Concern And Liquidity [Abstract] | |
GOING CONCERN AND LIQUIDITY | 3. GOING CONCERN AND LIQUIDITY At March 31, 2016, the Company had cash of $4,503 and current liabilities of $268,492 and a working capital deficit of $204,367. The Company has generated net losses since inception. The Company anticipates future losses in its business. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. There is no assurance that this series of events will be satisfactorily completed. |
PREPAID EXPENSES
PREPAID EXPENSES | 9 Months Ended |
Mar. 31, 2016 | |
Prepaid Expenses [Abstract] | |
PREPAID EXPENSES | 4. PREPAID EXPENSES At March 31, 2016, and June 30, 2015, prepaid expenses totaled $54,122 and $1,498,483, respectively; and as of March 31, 2016, consisted of prepaid consulting fees of $47,192 and other prepaid expenses of $6,930. Consulting fees consisted of the following: Consulting fee On March 9, 2015, the Company entered into a consulting agreement with the Cicero Consulting Group, LLC for the term of 12 months, and automatically renew for an additional 12 months unless terminated by the Company. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 1,723,329 shares of restricted common stock at the current market price, as of March 9, 2015, of $1.02. In October 2015, the Company and Cicero Consulting Group, LLC agreed to terminate the agreement, and Cicero Consulting Group, LLC agreed to return and cancel the shares. As a result, we fully recognized the remaining prepaid expense of $732,415 as consulting fees and reversed common stock of $172. On May 6, 2015, the Company entered into a consulting agreement with the Alex Consulting, Inc. for the term of one year or until the terms of this Agreement has been satisfied, whichever comes first. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 700,000 shares of restricted common stock at the current market price, as of May 6, 2015, of $0.51. As at March 31, 2016, the Company had recognized a prepaid expense of $47,192 to be expensed over the period from January 1, 2015, to May 5, 2016. On May 18, 2015, the Company entered into a consulting agreement with the SmallCapVoice.com, Inc. for the term of three months commencing on August 18, 2015. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid a monthly fee of $2,500 and a onetime issuance of 28,000 shares of restricted common stock at the current market price, as of May 18, 2015, of $0.51. As at March 31, 2016, the Company had recognized a prepaid expense balance of $0 from this vendor, as the prepaid amount was fully expensed from July 1, 2015 to August 18, 2015. |
FIXED ASSETS
FIXED ASSETS | 9 Months Ended |
Mar. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
FIXED ASSETS | 5. FIXED ASSETS As at March 31, 2016, and June 30, 2015, the balance of fixed assets represented a vehicle and mobile application software as follows: March 31, 2016 June 30, 2015 Mobile applications $ 257,870 $ 179,870 Automobile - 8,305 Fixed assets, gross 257,870 188,175 Accumulated depreciation (163,725 ) (111,603 ) Fixed assets, net $ 94,145 $ 76,572 During the nine months ended March 31, 2016, the Company sold automobile resulting in a loss of $3,914. Depreciation expense for nine months ended March 31, 2016, and 2015, was $55,814 and $40,177, respectively. |
CONVERTIBLE LOANS
CONVERTIBLE LOANS | 9 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE LOANS | 6. CONVERTIBLE LOANS At March 31, 2016, and June 30, 2015, convertible loans consisted of the following: March 31, 2016 June 30, 2015 April 2013 Notes - 2 $ - $ 14,000 January 2014 Note - 10,000 October 2014 Note - 30,000 February 2015 Note - 15,000 March 2015 Note - 10,000 April 2015 Note - 10,000 August 2015 Note 16,733 - September 2015 Note - 1 16,100 - September 2015 Note - 2 15,493 - October 2015 Note 58,000 - November 2015 Note 25,000 - Total notes payable 131,326 89,000 Accrued interest 7,391 10,762 Less: Debt discount (55,139 ) (43,697 ) Total convertible loans 83,578 56,065 During nine months ended March 31, 2016, and 2015, the Company recognized interest expense of $12,713 and $4,105 and amortization of discounts of $159,308 and $16,052, respectively. April 2013 Note On April 2, 2013, the Company issued a $15,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carried an interest rate of 12% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 20 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. On July 24, 2014, the Company repaid $1,000 in respect of this convertible note payable leaving an outstanding principle balance of $14,000 in respect of the promissory note. On September 21, 2015, the convertible note of $7,500 and accrued interest of $2,206 were converted into 1,493,257 common shares and the Company amortized $1,875 of the debt discount and reclassed the fair value of the derivative liability on the date of conversion of $27,145 to additional paid-in capital. On November 5, 2015, the convertible note of $6,500 and accrued interest of $3,497 were converted into 5,295,702 common shares and the Company amortized $1,587 of debt discount and reclassed the fair value of the derivative liability on the date of conversion of $32,568 to additional paid-in capital. As of March 31, 2016, the outstanding principal balance of the note, accrued interest and unamortized debt discount were $0. Debt discount of $7,092 was amortized for nine months ended March 31, 2016. January 2014 Note On January 9, 2014, the Company issued a $10,000 convertible promissory note payable. The unsecured convertible promissory note payable has a 12-month term and carries an interest rate of 8% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 60 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. Effective January 9, 2014, the Company recorded no beneficial conversion expense on the conversion feature as the specific conversion price was currently not determinable. However, effective December 15, 2014 the Company's shares of common stock became publicly quoted and accordingly we evaluated the terms of the conversion features of the convertible debenture in accordance with ASC Topic No. 815 - 40, Derivatives and Hedging - Contracts in Entity's Own Stock and determined it is indexed to the Company's common stock and that the conversion features meet the definition of a liability and therefore bifurcated the conversion feature and accounted for it as a separate derivative liability. The Company valued the conversion feature at the first day the shares were publicly quoted (December 15, 2014) at $13,722 using the Black Scholes valuation model. $10,745 included accrued interest of $745 of the value assigned to the derivative liability was recognized as a debt discount on the convertible debenture. The debt discount was recorded as a reduction (contra-liability) to the convertible debenture and is being amortized over the life of the convertible debenture. The balance of $2,977 of the value assigned to the derivative liability was expensed on the first day the shares became publicly traded. As of March 31, 2016, the outstanding principal balance of the note, accrued interest and unamortized debt discount were $0. Debt discount of $4,477 was amortized for the nine months ended March 31, 2016. October 2014 Note On October 15, 2014, as part of its acquisition of a social networking mobile application and a vehicle, the Company agreed to pay $60,000 on a deferred basis in a convertible promissory note payable for a term of 12 months and carried an interest rate of 7% per annum. The unsecured note payable is convertible at the option of the holder at a 45% discount to the lowest closing bid price for the Company's common stock during the 20 trading days immediately preceding the conversion date. The Company valued the conversion feature at the first day the shares were publicly quoted (December 15, 2014) at $62,415 using the Black Scholes valuation model. $60,702 included accrued interest of $702 of the value assigned to the derivative liability was recognized as a debt discount on the convertible debenture. The debt discount was recorded as a reduction (contra-liability) to the convertible debenture and is being amortized over the life of the convertible debenture. The balance of $1,713 of the value assigned to the derivative liability was expensed on the first day the shares became publicly traded. On June 16, 2015, $30,000 of the convertible note was converted into 652,174 common shares of the Company. On September 22, 2015, $7,150 of the convertible note was converted into 1,000,000 common shares and the Company amortized $715 of the debt discount and reclassed the derivative liability on the date of conversion of $25,850 to additional paid-in capital. During October, 2015, $22,850 of the convertible note and accrued interest of $3,543 were converted into 15,480,000 common shares and the Company reclassed the fair value of the derivative liability on the date of conversion of $33,649 to additional paid-in capital. As of March 31, 2016, the outstanding principal balance of the note, accrued interest and unamortized debt discount were $0. Debt discount of $9,211 was amortized for nine months ended March 31, 2016. February 2015 Note On February 9, 2015, the Company issued a $15,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carried an interest rate of 12% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 60 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. The Company valued the conversion feature at the issue date (February 9, 2015) at $21,817 using the Black Scholes valuation model. $15,000 of the value assigned to the derivative liability was recognized as a debt discount on the convertible debenture. The debt discount was recorded as a reduction (contra-liability) to the convertible debenture and is being amortized over the life of the convertible debenture. The balance of $6,817 of the value assigned to the derivative liability was expensed on the issue date of the convertible note payable. On August 18, 2015, the convertible note of $15,000 and accrued interest of $651 was converted into 1,043,398 common shares and the Company amortized $6,750 of the debt discount and reclassed the derivative liability on the date of conversion of $39,201 to additional paid-in capital. March 2015 Note On March 13, 2015, the Company issued a $10,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carries an interest rate of 12% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 60 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. On December 21, 2015, $5,500 of the convertible note and accrued interest of $750 were converted into 6,250,000 common shares and the Company amortized $917 of debt discount and reclassed the fair value of the derivative liability on the date of conversion of $15,688 to additional paid-in capital. On January 25, 2016, $4,500 of the convertible note and accrued interest of $120 were converted into 7,700,000 common shares and the Company amortized $750 of debt discount and reclassed the fair value of the derivative liability on the date of conversion of $9,258 to additional paid-in capital. As of March 31, 2016, the outstanding principal balance of the note was $0 the note had accrued interest of $454 and an unamortized debt discount of $0. Debt discount of $6,667 was amortized for nine months ended March 31, 2016. April 2015 Note On April 9, 2015, the Company issued a $10,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carries an interest rate of 12% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 30 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. The Company valued the conversion feature at the issue date (April 9, 2015) at $16,215 using the Black Scholes valuation model. $10,000 of the value assigned to the derivative liability was recognized as a debt discount on the convertible debenture. The debt discount was recorded as a reduction (contra-liability) to the convertible debenture and is being amortized over the life of the convertible debenture. The balance of $6,215 of the value assigned to the derivative liability was expensed on the issue date of the convertible note. On November 3, 2015, $6,000 of the convertible note was converted into 4,000,000 common shares and the Company amortized $2,500 of debt discount and reclassed the fair value of the derivative liability on the date of conversion of $18,481 to additional paid-in capital. On January 4, 2016, $4,000 of the convertible note and accrued interest of $1,269 were converted into 5,854,055 common shares and the Company amortized $1,000 of debt discount and reclassed the fair value of the derivative liability on the date of conversion of $11,277 to additional paid-in capital. As of March 31, 2016, the outstanding principal balance of the note, accrued interest and unamortized debt discount were $0. Debt discount of $7,500 was amortized for nine months ended March 31, 2016. August 2015 Note On August 13, 2015, the Company issued a $25,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carries an interest rate of 8% per annum. The note payable is convertible at the option of the holder, at the lower of i) the closing sale price of the common stock on the principal market on the trading day and ii) 50% of the lowest sale price for the 30 consecutive trading. During March 2016, $8,267 of the convertible note was converted into 19,683,452 common shares and the Company amortized $3,141 of the debt discount and reclassed the derivative liability on the date of conversion of $41,535 to additional paid-in capital. As of March 31, 2016, the outstanding principal balance of the note was $16,733, the note had accrued interest of $1,246 and an unamortized debt discount of $5,192. Debt discount of $19,808 was amortized for nine months ended March 31, 2016. September 2015 Note - 1 On September 9, 2015, the Company issued a $27,000 convertible promissory note payable and incurred $2,000 financing costs to a third party which were recognized as deferred financing costs. The unsecured convertible promissory note payable is due upon demand and carries an interest rate of 8% per annum. The note payable is convertible at the option of the holder, at 55% of the lowest trading price for the 20 prior trading days as reported on the OTC Markets, or any exchange upon which the common stock may be traded in the future. The Company valued the conversion feature at the issue date (September 9, 2015) at $41,070 using the Black Scholes valuation model. $27,000 of the value assigned to the derivative liability was recognized as a debt discount on the convertible debenture. The debt discount was recorded as a reduction (contra-liability) to the convertible debenture and is being amortized over the life of the convertible debenture. The balance of $14,070 of the value assigned to the derivative liability was expensed on the issue date of the convertible note. During March 2016, $10,900 of the convertible note and accrued interest of $452 were converted into 15,422,749 common shares and the Company amortized $4,542 of the debt discount and reclassed the derivative liability on the date of conversion of $25,696 to additional paid-in capital. As of March 31, 2016, the outstanding principal balance of the note was $16,100, the note had accrued interest of $725 and an unamortized debt discount of $6,708. Debt discount of $20,292 and deferred financing cost assets of $1,167 were amortized for nine months ended March 31, 2016. September 2015 Note - 2 On September 9, 2015, the Company issued a $35,750 convertible promissory note payable and incurred $2,750 financing costs to a third party which were recognized as deferred financing costs. The unsecured convertible promissory note payable is due upon demand and carries an interest rate of 10% per annum. The note payable is convertible at the option of the holder, at the lesser of i) 50% multiplied by the lowest trading price during the previous 25 trading day period ending on the latest complete trading day prior the date of this Note and ii) the 50% multiplied by the lowest trading price for the common stock during the 25 trading day period ending on the latest complete trading day prior to the conversion date as reported on the OTC Markets, or applicable trading market. During March 2016, the convertible note of $20,258 and accrued interest of $1,943 was converted into 34,459,213 common shares and the Company amortized $4,816 of the debt discount and reclassed the derivative liability on the date of conversion of $51,587 to additional paid-in capital. As of March 31, 2016, the outstanding principal balance of the note was $15,493, the note had accrued interest of $0 and an unamortized debt discount of $3,128. Debt discount of $32,622 and deferred financing cost assets of $2,139 were amortized for nine months ended March 31, 2016. October 2015 Note On October 14, 2015, the Company issued a $58,000 convertible promissory note payable and paid $20,000 cash to purchase mobile applications. The unsecured convertible promissory note payable is due upon demand and carries an interest rate of 15% per annum. The note payable is convertible at a 45% of the lowest closing bid price for the Company’s common stock during the 20 trading days immediately preceding a conversion date. The Company valued the conversion feature at the issue date (October 14, 2015) at $463,519 using the Black Scholes valuation model. $58,000 of the value assigned to the derivative liability was recognized as a debt discount on the convertible debenture. The debt discount was recorded as a reduction (contra-liability) to the convertible debenture and is being amortized over the life of the convertible debenture. The balance of $405,519 of the value assigned to the derivative liability was expensed on the issue date of the convertible note. As of March 31, 2016, the outstanding principal balance of the note was $58,000, the note had accrued interest of $4,084 and an unamortized debt discount of $29,000. Debt discount of $29,000 was amortized for nine months ended March 31, 2016. November 2015 Note On November 25, 2015, the Company issued a $25,000 convertible promissory note payable and incurred $2,000 financing costs to a third party which were recognized as deferred financing costs. The unsecured convertible promissory note payable is due upon demand and carries an interest rate of 10% per annum. The note payable is convertible at 50% of the lowest daily trading price, determined on the then current trading market for the Company's common stock, for 15 trading days prior to conversion at the option of the Holder, in whole at any time and from time to time. As of March 31, 2016, the outstanding principal balance of the note was $25,000, the note had accrued interest of $882 and an unamortized debt discount of $11,111. Debt discount of $13,889 and deferred financing cost assets of $1,111 were amortized for nine months ended March 31, 2016. Deferred Financing Costs In connection with the convertible notes issued in September 2015, the Company paid cash commissions of $4,750. In addition, the Company paid cash fees of $6,160 and issued an aggregate of 100,000 common shares valued at $3,850 as commissions for all of the convertible loans issued during the nine months ended March 31, 2016. In connection with the convertible notes issued in November 2015, the Company paid cash commission of $2,000. In connection with the convertible notes issued in October 2014 Note – Related party, the Company paid cash commission of $1,942. These aggregate fees of $18,702 were recognized as deferred financing costs which are being amortized to interest expense over the life of the notes. Aggregate amortization recognized during the nine months ended March 31, 2016, was $13,202, and the unamortized balance of deferred financing costs was $5,500 as of March 31, 2016. |
CONVERTIBLE LOANS - RELATED PAR
CONVERTIBLE LOANS - RELATED PARTY | 9 Months Ended |
Mar. 31, 2016 | |
Convertible Loans Related Party [Abstract] | |
CONVERTIBLE LOANS - RELATED PARTY | 7. CONVERTIBLE LOANS – RELATED PARTY At March 31, 2016, and 2015, convertible loan – related party consisted of the following: March 31, 2016 June 30, 2015 October 2014 Note – Related party $ - $ 22,000 Accrued interest - 2,342 Less: Debt discount - (6,771 ) Total - 17,571 Less: current portion of convertible loan - (17,571 ) Long-term convertible notes payable $ - $ - During nine months ended March 31, 2016, and 2015, the Company recognized interest expense of $1,319 and $1,519 and amortization of discount of $6,771 and $6,464, respectively. The related party loan is owed to the father of the sole officer and Director of the Company. October 2014 Note – Related party On October 14, 2014, the Company issued a $22,000 convertible promissory note payable. The unsecured convertible promissory note payable is due upon demand and carried an interest rate of 15% per annum. The note payable is convertible at the option of the holder, at 50% of the lowest traded price for the 60 days preceding conversion as posted on the OTC Markets or on such US National Exchange upon which the Company may be listed. During the period ended March 31, 2016, convertible note of $22,000 and accrued interest of $3,661 were purchased by third parties and converted into 20,561,051 common shares and the Company reclassed the fair value of the derivative liability on the date of conversion of $99,655 to additional paid-in capital. As of March 31, 2016, the outstanding principal balance of the note, accrued interest and unamortized debt discount were $0. Debt discount of $6,771 was amortized for nine months ended March 31, 2016. |
DERIVATIVE LIABILITIES
DERIVATIVE LIABILITIES | 9 Months Ended |
Mar. 31, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE LIABILITIES | 8. DERIVATIVE LIABILITIES The Company analyzed the conversion option for derivative accounting consideration under ASC 815, Derivatives and Hedging, and hedging, and determined that the instrument should be classified as a liability since the conversion option becomes effective at issuance resulting in there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. Fair Value Assumptions Used in Accounting for Derivative Liabilities. ASC 815 requires we assess the fair market value of derivative liability at the end of each reporting period and recognize any change in the fair market value as other income or expense item. The Company determined our derivative liabilities to be a Level 3 fair value measurement and used the Black-Scholes pricing model to calculate the fair value as of March 31, 2016. The Black-Scholes model requires six basic data inputs: the exercise or strike price, time to expiration, the risk free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each convertible note is estimated using the Black-Scholes valuation model. The following weighted-average assumptions were used in the March 31, 2016, and June 30, 2015: Nine Months Ended Year Ended March 31, 2016 June 30, 2015 Expected term 0.00 - 1.00 years 0.29 - 1.00 years Expected average volatility 25%-242 % 108%-218 % Expected dividend yield - - Risk-free interest rate 0.00%-0.57 % 0.01%-0.25 % At March 31, 2016, the estimated fair values of the liabilities measured on a recurring basis are as follows: Fair Value Measurements at March 31, 2016 Quoted Prices in Significant Other Significant Active Markets Observable Inputs Unobservable Inputs March 31, 2016 (Level 1) (Level 2) (Level 3) March 2015 Note $ 1,059 $ - $ - $ 1,059 August 2015 Note 47,161 - - 47,161 September 2015 Note - 1 24,402 - - 24,402 September 2015 Note - 2 29,917 - - 29,917 October 2015 Note 40,142 - - 40,142 November 2015 Note 41,058 - - 41,058 $ 183,739 $ - $ - $ 183,739 The following table summarizes the changes in the derivative liabilities during the nine months ended March 31, 2016: Fair Value Measurements Using Significant Observable Inputs (Level 3) Balance - June 30, 2015 $ 158,775 Addition of new derivative recognized as debt discounts 164,750 Addition of new derivatives recognized as loss on derivatives 496,687 Settled on issuance of common stock (474,261 ) Loss on change in fair value of the derivative (162,212 ) Balance - March 31, 2016 $ 183,739 The aggregate loss on derivatives during the nine months ended March 31, 2016 was $334,475. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | 9. COMMITMENTS AND CONTINGENCIES Leases and Long term Contracts The Company has not entered into any long term leases, contracts or commitments. Legal To the best of the Company's knowledge and belief, no legal proceedings are currently pending or threatened. Rent As of January 30, 2013, the Company leases office space at $200 per month with three-month terms, which shall be automatically extended for successive three-month periods unless there is the notice to cancel. The lease can be cancelled at any time by either party with 30 days’ notice prior to expiration of an applicable term. For the nine months ended March 31, 2016 and 2015, the Company incurred $1,882 and $1,651, respectively. Consulting Agreements On March 9, 2015, the Company entered into a consulting agreement with the Cicero Consulting Group, LLC for the term of 12 months, and automatically renew for an additional 12 months unless terminated by the Company. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 1,723,329 shares of restricted common stock at the current market price, as of March 9, 2015, of $1.02. In October of 2015, the Company and Cicero Consulting Group, LLC agreed to terminate the agreement, and Cicero Consulting Group, LLC agreed to return and cancel the shares. On May 6, 2015, the Company entered into a consulting agreement with the Alex Consulting, Inc. for the term of one year or until the terms of this Agreement has been satisfied, whichever comes first. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 700,000 shares of restricted common stock at the current market price, as of May 6, 2015, of $0.51. As at March 31, 2016, the Company had recognized a prepaid expense of $47,192 to be expensed through May 5, 2016. On May 18, 2015, the Company entered into a consulting agreement with the SmallCapVoice.com, Inc. for the term of three months commencing on August 18, 2015. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid a monthly fee of $2,500 and a onetime issuance of 28,000 shares of restricted common stock at the current market price, as of May 18, 2015, of $0.51. The fair value of the shares of $9,177 was expensed over the period from July 1, 2015, to August 18, 2015. On July 1, 2015, the Company entered into a consulting agreement with the Castle Rock Resources, LLC, for the term of six months and automatically renew for an additional 6 months unless terminated by the Company. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 2,400,000 shares of restricted common stock at the current market price, as of July 1, 2015, of $0.12 or $288,000. The cost associated with this issuance was expensed in full during the nine months ended March 31, 2016 On July 13, 2015, the Company entered into a consulting agreement with Gilles Trahan, for the term of six months. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a commencement fee in the form of 300,000 shares of restricted common stock at the current market price, as of July 13, 2015, of $0.13 or $39,000. The cost associated with this issuance was expensed in full during the nine months ended March 31, 2016. On July 15, 2015, the Company entered into a consulting agreement with the Almorli Advisors. The Company valued this agreement in accordance with ASC505-50 as an Equity-Based Payment to Non-Employees at the current market price of the common stock. The Company paid the consultant a cash fee of 8% of total capital provided to the Company and restricted shares of the Company equal to 5% of the total capital provided to the Company at the current market price, resulting in a deferred financing cost of $10,010. The fee is to be expensed over the period from August 2015 to September 2016. During the nine months ended March 31, 2016, we recognized interest expense of $6,843. |
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY | 9 Months Ended |
Mar. 31, 2016 | |
Equity [Abstract] | |
SHAREHOLDERS' EQUITY | 10. SHAREHOLDERS' EQUITY Convertible Preferred Stock The Company is authorized to issue 5,000,000 shares of convertible preferred stock at a par value of $0.0001. A convertible preferred share is convertible into 100 shares of common stock and has the voting rights of 1,000 share of common stock. As at March 31, 2016, and June 30, 2015, 5,000,000 shares of the Company's convertible preferred stock were issued and outstanding. Common Stock The Company is authorized to issue 750,000,000 shares of common stock at a par value of $0.0001. In July 2015, the Company issued 2,400,000 shares of common stock valued at $288,000 to Alex Castle Rock Resources, LLC and 300,000 shares of common stock valued at $39,000 to Gilles Trahan in exchange for consulting services. The fair value of these shares was expensed during the nine months ended March 31, 2016. In addition, the Company issued 100,000 shares of common stock valued at $3,850 to Almorli Advisors for loan commissions which were recognized as deferred financing costs. During the nine months ended March 31, 2016, an aggregate of 139,011,597 common shares were issued for the conversion of debt and accrued interest of $170,170. In October, 2015, 1,723,329 shares of common stock were cancelled, previously issued to the Cicero Consulting Group, LLC in March 2015. On February 29, 2016, the Company issued 5,000,000 shares of common stock to its interim CEO with a fair value of $10,500 for services performed as acting CEO. As at March 31, 2016, and June 30, 2015, 182,935,431 and 37,847,163 shares of the Company's common stock were issued and outstanding, respectively. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Mar. 31, 2016 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | 11. RELATED PARTY TRANSACTIONS The President of the Company provides management and office premises to the Company for no compensation. During the nine months ended March 31, 2016, the former president paid accounts payable of $2,688 on behalf of the Company and the Company repaid $2,688. As of March 31, 2016 and June 30, 2015, the balance due to a related party was $0, respectively. As of March 31, 2016, and June 30, 2015, the Company had an outstanding convertible note payable of $0 and $22,000 to the father of the sole officer and Director of the Company (see Note 7). |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Mar. 31, 2016 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | 12. SUBSEQUENT EVENTS Subsequent to March 31, 2016, the Company issued 136,152,095 shares of common stock for conversion of convertible loans with principal and accrued interest balances of $98,332. In May 2016, the Company received financing in the amount of $27,000 from a third party investor. The $27,000 bears 8% interest and matures in five months. The holder shall be entitled, at its option, at any time, to convert all or any amount of principal face amount of this note the outstanding into shares of the Company’s common stock. Conversion price is 55% of the lowest trading price of the common stock for the 20 prior trading days including the day upon which a notice of conversion is received by the Company or it transfer agent. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (POLICIES) | 9 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
BASIS OF PRESENTATION | The Company's fiscal year end is June 30. The accompanying unaudited interim condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial reporting and are presented in US dollars. Accordingly, these unaudited interim condensed financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of March 31, 2016, and for the interim periods presented herein have been reflected in these unaudited interim condensed financial statements and the notes thereto. Interim results included herein are not necessarily indicative of the results to be expected for the fiscal year as a whole. These unaudited interim condensed financial statements should be read in conjunction with the audited financial statements and accompanying notes for the fiscal year ended June 30, 2015, included in its Annual Report on Form 10-K filed on October 28, 2015. Certain prior period amounts have been reclassified to conform to current period presentation. |
FIXED ASSETS (Tables)
FIXED ASSETS (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Schedule of balance of fixed assets | March 31, 2016 June 30, 2015 Mobile applications $ 257,870 $ 179,870 Automobile - 8,305 Fixed assets, gross 257,870 188,175 Accumulated depreciation (163,725 ) (111,603 ) Fixed assets, net $ 94,145 $ 76,572 |
CONVERTIBLE LOANS (Tables)
CONVERTIBLE LOANS (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Schedule of convertible loans | March 31, 2016 June 30, 2015 April 2013 Notes - 2 $ - $ 14,000 January 2014 Note - 10,000 October 2014 Note - 30,000 February 2015 Note - 15,000 March 2015 Note - 10,000 April 2015 Note - 10,000 August 2015 Note 16,733 - September 2015 Note - 1 16,100 - September 2015 Note - 2 15,493 - October 2015 Note 58,000 - November 2015 Note 25,000 - Total notes payable 131,326 89,000 Accrued interest 7,391 10,762 Less: Debt discount (55,139 ) (43,697 ) Total convertible loans 83,578 56,065 |
CONVERTIBLE LOANS - RELATED P21
CONVERTIBLE LOANS - RELATED PARTY (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Convertible Loans Related Party [Abstract] | |
Schedule of convertible loan - related party | March 31, 2016 June 30, 2015 October 2014 Note – Related party $ - $ 22,000 Accrued interest - 2,342 Less: Debt discount - (6,771 ) Total - 17,571 Less: current portion of convertible loan - (17,571 ) Long-term convertible notes payable $ - $ - |
DERIVATIVE LIABILITIES (Tables)
DERIVATIVE LIABILITIES (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of weighted-average assumptions used for options granted | Nine Months Ended Year Ended March 31, 2016 June 30, 2015 Expected term 0.00 - 1.00 years 0.29 - 1.00 years Expected average volatility 25%-242 % 108%-218 % Expected dividend yield - - Risk-free interest rate 0.00%-0.57 % 0.01%-0.25 % |
Schedule of estimated fair values of the liabilities measured on a recurring basis | Fair Value Measurements at March 31, 2016 Quoted Prices in Significant Other Significant Active Markets Observable Inputs Unobservable Inputs March 31, 2016 (Level 1) (Level 2) (Level 3) March 2015 Note $ 1,059 $ - $ - $ 1,059 August 2015 Note 47,161 - - 47,161 September 2015 Note - 1 24,402 - - 24,402 September 2015 Note - 2 29,917 - - 29,917 October 2015 Note 40,142 - - 40,142 November 2015 Note 41,058 - - 41,058 $ 183,739 $ - $ - $ 183,739 |
Schedule of derivative liabilities included in the balance sheet | Fair Value Measurements Using Significant Observable Inputs (Level 3) Balance - June 30, 2015 $ 158,775 Addition of new derivative recognized as debt discounts 164,750 Addition of new derivatives recognized as loss on derivatives 496,687 Settled on issuance of common stock (474,261 ) Loss on change in fair value of the derivative (162,212 ) Balance - March 31, 2016 $ 183,739 |
GOING CONCERN AND LIQUIDITY (De
GOING CONCERN AND LIQUIDITY (Detail Textuals) - USD ($) | Mar. 31, 2016 | Jun. 30, 2015 | Mar. 31, 2015 | Jun. 30, 2014 |
Going Concern And Liquidity [Abstract] | ||||
Cash | $ 4,503 | $ 265 | $ 8,194 | $ 4,404 |
Current liabilities | 268,492 | $ 236,688 | ||
Working capital deficit | $ 204,367 |
PREPAID EXPENSES (Detail Textua
PREPAID EXPENSES (Detail Textuals) - USD ($) | May. 06, 2015 | Mar. 09, 2015 | Oct. 31, 2015 | May. 18, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Jun. 30, 2015 |
Prepaid Expenses [Line Items] | |||||||||
Prepaid expenses | $ 54,122 | $ 54,122 | $ 1,498,483 | ||||||
Prepaid consulting fee expense | 47,192 | 47,192 | |||||||
Other prepaid expenses | 6,930 | 6,930 | |||||||
Reverse common stock | 172 | ||||||||
Legal and professional fees | 96,653 | $ 164,632 | 1,823,046 | $ 185,785 | |||||
Consulting agreement | Cicero Consulting Group, LLC | |||||||||
Prepaid Expenses [Line Items] | |||||||||
Term of agreement | 12 months | ||||||||
Additional term of agreement | 12 months | ||||||||
Number of shares of restricted common stock issued as commencement fee | 1,723,329 | ||||||||
Current market price (in dollars per share) | $ 1.02 | ||||||||
Prepaid consulting fee expense | $ 732,415 | ||||||||
Reverse common stock | $ 172 | ||||||||
Consulting agreement | Alex consulting, Inc. | |||||||||
Prepaid Expenses [Line Items] | |||||||||
Term of agreement | 1 year | ||||||||
Number of shares of restricted common stock issued as commencement fee | 700,000 | ||||||||
Current market price (in dollars per share) | $ 0.51 | ||||||||
Consulting agreement | Alex consulting, Inc. | Period from January 1, 2015 to May 5, 2016 | |||||||||
Prepaid Expenses [Line Items] | |||||||||
Prepaid consulting fee expense | 47,192 | 47,192 | |||||||
Consulting agreement | SmallCapVoice.co, Inc. | |||||||||
Prepaid Expenses [Line Items] | |||||||||
Term of agreement | 3 months | ||||||||
Number of shares of restricted common stock issued as commencement fee | 28,000 | ||||||||
Current market price (in dollars per share) | $ 0.51 | ||||||||
Legal and professional fees | $ 2,500 | ||||||||
Consulting agreement | SmallCapVoice.co, Inc. | Period from July 1, 2015 to August 18, 2015 | |||||||||
Prepaid Expenses [Line Items] | |||||||||
Prepaid expenses | $ 9,177 | ||||||||
Prepaid consulting fee expense | $ 0 | $ 0 |
FIXED ASSETS - Fixed assets bal
FIXED ASSETS - Fixed assets balance of mobile application software (Details) - USD ($) | Mar. 31, 2016 | Jun. 30, 2015 |
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | $ 257,870 | $ 188,175 |
Accumulated depreciation | (163,725) | (111,603) |
Fixed assets, net | 94,145 | 76,572 |
Mobile applications | ||
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | $ 257,870 | 179,870 |
Automobile | ||
Property, Plant and Equipment [Line Items] | ||
Fixed assets, gross | $ 8,305 |
FIXED ASSETS (Detail Textuals)
FIXED ASSETS (Detail Textuals) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Property, Plant and Equipment [Abstract] | ||||
Loss on sales of automobile | $ (3,914) | $ (3,914) | ||
Depreciation expense | $ 18,084 | $ 15,615 | $ 55,814 | $ 40,177 |
CONVERTIBLE LOANS (Details)
CONVERTIBLE LOANS (Details) - USD ($) | Mar. 31, 2016 | Nov. 25, 2015 | Oct. 14, 2015 | Sep. 09, 2015 | Aug. 13, 2015 | Jun. 30, 2015 | Apr. 09, 2015 | Mar. 13, 2015 | Feb. 09, 2015 | Oct. 15, 2014 | Jan. 09, 2014 | Apr. 02, 2013 |
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | $ 131,326 | $ 89,000 | ||||||||||
Accrued interest | 7,391 | 10,762 | ||||||||||
Less: Debt discount | (55,139) | (43,697) | ||||||||||
Total convertible loans | $ 83,578 | 56,065 | ||||||||||
Convertible promissory note payable | April 2013 Notes - 2 | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 14,000 | |||||||||||
Accrued interest | $ 0 | $ 3,020 | ||||||||||
Less: Debt discount | $ (17,020) | |||||||||||
Convertible promissory note payable | January 2014 Note | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 10,000 | |||||||||||
Accrued interest | $ 0 | $ 745 | ||||||||||
Less: Debt discount | $ (10,745) | |||||||||||
Convertible promissory note payable | October 2014 Note | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 30,000 | |||||||||||
Accrued interest | $ 0 | $ 702 | ||||||||||
Less: Debt discount | $ (60,702) | |||||||||||
Convertible promissory note payable | February 2015 Note | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 15,000 | |||||||||||
Accrued interest | $ 0 | |||||||||||
Less: Debt discount | $ (15,000) | |||||||||||
Convertible promissory note payable | March 2015 Note | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 10,000 | |||||||||||
Accrued interest | $ 454 | |||||||||||
Less: Debt discount | $ (10,000) | |||||||||||
Convertible promissory note payable | April 2015 Note | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | $ 10,000 | |||||||||||
Accrued interest | $ 0 | |||||||||||
Less: Debt discount | $ (10,000) | |||||||||||
Convertible promissory note payable | August 2015 Note | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 16,733 | |||||||||||
Accrued interest | 1,246 | |||||||||||
Less: Debt discount | $ (21,500) | |||||||||||
Convertible promissory note payable | September 2015 Note - 1 | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 16,100 | |||||||||||
Accrued interest | 725 | |||||||||||
Less: Debt discount | $ (27,000) | |||||||||||
Convertible promissory note payable | September 2015 Note - 2 | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 15,493 | |||||||||||
Accrued interest | 0 | |||||||||||
Less: Debt discount | $ (33,250) | |||||||||||
Convertible promissory note payable | October 2015 Note | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 58,000 | |||||||||||
Accrued interest | 4,084 | |||||||||||
Less: Debt discount | $ (58,000) | |||||||||||
Convertible promissory note payable | November 2015 Note | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Total notes payable | 25,000 | |||||||||||
Accrued interest | $ 882 | |||||||||||
Less: Debt discount | $ (25,000) |
CONVERTIBLE LOANS (Detail Textu
CONVERTIBLE LOANS (Detail Textuals) - USD ($) | Jan. 04, 2016 | Nov. 05, 2015 | Nov. 03, 2015 | Oct. 14, 2015 | Sep. 09, 2015 | Aug. 13, 2015 | Aug. 06, 2015 | Apr. 09, 2015 | Mar. 13, 2015 | Feb. 09, 2015 | Oct. 15, 2014 | Jan. 09, 2014 | Apr. 02, 2013 | Mar. 31, 2016 | Jan. 25, 2016 | Dec. 21, 2015 | Nov. 25, 2015 | Oct. 31, 2015 | Sep. 22, 2015 | Sep. 21, 2015 | Aug. 18, 2015 | Jun. 16, 2015 | Jul. 24, 2014 | Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Jun. 30, 2015 |
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Deferred financing costs | $ 18,702 | $ 18,702 | $ 18,702 | |||||||||||||||||||||||||
Debt discount | 55,139 | 55,139 | 55,139 | $ 43,697 | ||||||||||||||||||||||||
Accrued interest | 7,391 | 7,391 | 7,391 | $ 10,762 | ||||||||||||||||||||||||
Interest expense, net | 74,229 | $ 15,001 | 193,313 | $ 28,140 | ||||||||||||||||||||||||
Amortization of debt discounts | 166,079 | 22,516 | ||||||||||||||||||||||||||
Amortization of deferred financing costs | 13,202 | 13,202 | 13,202 | |||||||||||||||||||||||||
Convertible promissory note payable | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Interest expense, net | 12,713 | 4,105 | ||||||||||||||||||||||||||
Amortization of debt discounts | 159,308 | $ 16,052 | ||||||||||||||||||||||||||
Convertible promissory note payable | April 2013 Notes - 2 | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | $ 15,000 | |||||||||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 50.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 20 days | |||||||||||||||||||||||||||
Repayments of convertible debt in cash | $ 1,000 | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 0 | $ 14,000 | 0 | 0 | ||||||||||||||||||||||||
Conversion features, value | $ 21,736 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Debt discount | $ 17,020 | |||||||||||||||||||||||||||
Accrued interest | 3,020 | 0 | 0 | 0 | ||||||||||||||||||||||||
Derivative liability | $ 32,568 | $ 4,716 | $ 27,145 | |||||||||||||||||||||||||
Debt instrument amount converted | 6,500 | 7,500 | ||||||||||||||||||||||||||
Debt instrument interest converted | $ 3,497 | $ 2,206 | ||||||||||||||||||||||||||
Number of common stock issued upon conversion of debt | 5,295,702 | 1,493,257 | ||||||||||||||||||||||||||
Unamortized debt discount | 0 | 0 | 0 | |||||||||||||||||||||||||
Amortization of debt discounts | $ 1,587 | $ 1,875 | 7,092 | |||||||||||||||||||||||||
Convertible promissory note payable | January 2014 Note | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | $ 10,000 | |||||||||||||||||||||||||||
Debt instrument, term | 12 months | |||||||||||||||||||||||||||
Interest rate | 8.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 50.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 60 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 0 | 0 | 0 | |||||||||||||||||||||||||
Conversion features, value | $ 13,722 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Debt discount | $ 10,745 | |||||||||||||||||||||||||||
Accrued interest | 745 | 0 | 0 | 0 | ||||||||||||||||||||||||
Derivative liability | $ 42,670 | $ 2,977 | ||||||||||||||||||||||||||
Debt instrument amount converted | 10,000 | |||||||||||||||||||||||||||
Debt instrument interest converted | $ 1,530 | |||||||||||||||||||||||||||
Number of common stock issued upon conversion of debt | 768,720 | |||||||||||||||||||||||||||
Unamortized debt discount | 0 | 0 | 0 | |||||||||||||||||||||||||
Amortization of debt discounts | $ 3,403 | 4,477 | ||||||||||||||||||||||||||
Convertible promissory note payable | October 2014 Note | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Deferred financing costs | $ 60,000 | |||||||||||||||||||||||||||
Debt instrument, term | 12 months | |||||||||||||||||||||||||||
Interest rate | 7.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 45.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 20 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 0 | 0 | 0 | |||||||||||||||||||||||||
Conversion features, value | $ 62,415 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Debt discount | $ 60,702 | |||||||||||||||||||||||||||
Accrued interest | 702 | 0 | 0 | 0 | ||||||||||||||||||||||||
Derivative liability | $ 1,713 | $ 33,649 | $ 25,850 | |||||||||||||||||||||||||
Debt instrument amount converted | 22,850 | 7,150 | $ 30,000 | |||||||||||||||||||||||||
Debt instrument interest converted | $ 3,543 | 1,000,000 | ||||||||||||||||||||||||||
Number of common stock issued upon conversion of debt | 15,480,000 | 652,174 | ||||||||||||||||||||||||||
Unamortized debt discount | 0 | 0 | 0 | |||||||||||||||||||||||||
Amortization of debt discounts | $ 715 | 9,211 | ||||||||||||||||||||||||||
Convertible promissory note payable | February 2015 Note | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | $ 15,000 | |||||||||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 50.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 60 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 0 | 0 | 0 | |||||||||||||||||||||||||
Conversion features, value | $ 21,817 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Debt discount | $ 15,000 | |||||||||||||||||||||||||||
Accrued interest | 0 | 0 | 0 | |||||||||||||||||||||||||
Derivative liability | $ 6,817 | $ 39,201 | ||||||||||||||||||||||||||
Debt instrument amount converted | 15,000 | |||||||||||||||||||||||||||
Debt instrument interest converted | $ 651 | |||||||||||||||||||||||||||
Number of common stock issued upon conversion of debt | 1,043,398 | |||||||||||||||||||||||||||
Unamortized debt discount | 0 | 0 | 0 | |||||||||||||||||||||||||
Amortization of debt discounts | $ 6,750 | 8,750 | ||||||||||||||||||||||||||
Convertible promissory note payable | March 2015 Note | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | $ 10,000 | |||||||||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 50.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 60 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 0 | 0 | 0 | |||||||||||||||||||||||||
Conversion features, value | $ 14,552 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Debt discount | $ 10,000 | |||||||||||||||||||||||||||
Accrued interest | 454 | 454 | 454 | |||||||||||||||||||||||||
Derivative liability | $ 4,552 | $ 9,258 | $ 15,688 | |||||||||||||||||||||||||
Debt instrument amount converted | 4,500 | 5,500 | ||||||||||||||||||||||||||
Debt instrument interest converted | $ 120 | $ 750 | ||||||||||||||||||||||||||
Number of common stock issued upon conversion of debt | 7,700,000 | 6,250,000 | ||||||||||||||||||||||||||
Unamortized debt discount | 0 | 0 | 0 | |||||||||||||||||||||||||
Amortization of debt discounts | $ 750 | $ 917 | 6,667 | |||||||||||||||||||||||||
Convertible promissory note payable | April 2015 Note | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | $ 10,000 | |||||||||||||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 50.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 30 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 0 | 0 | 0 | |||||||||||||||||||||||||
Conversion features, value | $ 16,215 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Debt discount | $ 10,000 | |||||||||||||||||||||||||||
Accrued interest | 0 | 0 | 0 | |||||||||||||||||||||||||
Derivative liability | $ 11,277 | $ 18,481 | $ 6,215 | |||||||||||||||||||||||||
Debt instrument amount converted | 4,000 | $ 6,000 | ||||||||||||||||||||||||||
Debt instrument interest converted | $ 1,269 | |||||||||||||||||||||||||||
Number of common stock issued upon conversion of debt | 5,854,055 | 4,000,000 | ||||||||||||||||||||||||||
Unamortized debt discount | 0 | 0 | 0 | |||||||||||||||||||||||||
Amortization of debt discounts | $ 1,000 | $ 2,500 | 7,500 | |||||||||||||||||||||||||
Convertible promissory note payable | August 2015 Note | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | $ 25,000 | |||||||||||||||||||||||||||
Interest rate | 8.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 50.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 30 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 16,733 | 16,733 | 16,733 | |||||||||||||||||||||||||
Conversion features, value | $ 60,723 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Cash fees paid in connection with convertible notes issued | $ 3,500 | |||||||||||||||||||||||||||
Debt discount | 21,500 | |||||||||||||||||||||||||||
Accrued interest | 1,246 | 1,246 | 1,246 | |||||||||||||||||||||||||
Derivative liability | 39,223 | 41,535 | 41,535 | 41,535 | ||||||||||||||||||||||||
Debt instrument amount converted | $ 8,267 | |||||||||||||||||||||||||||
Number of common stock issued upon conversion of debt | 19,683,452 | |||||||||||||||||||||||||||
Unamortized debt discount | $ 14,583 | $ 5,192 | 5,192 | 5,192 | ||||||||||||||||||||||||
Amortization of debt discounts | 3,141 | 19,808 | ||||||||||||||||||||||||||
Convertible promissory note payable | September 2015 Note - 1 | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | $ 27,000 | |||||||||||||||||||||||||||
Deferred financing costs | $ 2,000 | |||||||||||||||||||||||||||
Interest rate | 8.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 55.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 20 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 16,100 | 16,100 | 16,100 | |||||||||||||||||||||||||
Conversion features, value | $ 41,070 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Debt discount | $ 27,000 | |||||||||||||||||||||||||||
Accrued interest | 725 | 725 | 725 | |||||||||||||||||||||||||
Derivative liability | 14,070 | 25,696 | 25,696 | 25,696 | ||||||||||||||||||||||||
Debt instrument amount converted | 10,900 | |||||||||||||||||||||||||||
Debt instrument interest converted | $ 452 | |||||||||||||||||||||||||||
Number of common stock issued upon conversion of debt | 15,422,749 | |||||||||||||||||||||||||||
Unamortized debt discount | $ 6,708 | 6,708 | 6,708 | |||||||||||||||||||||||||
Amortization of debt discounts | 4,542 | 20,292 | ||||||||||||||||||||||||||
Amortization of deferred financing costs | 1,167 | 1,167 | 1,167 | |||||||||||||||||||||||||
Convertible promissory note payable | September 2015 Note - 2 | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | 35,750 | |||||||||||||||||||||||||||
Deferred financing costs | $ 2,750 | |||||||||||||||||||||||||||
Interest rate | 10.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 50.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 25 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 15,493 | 15,493 | 15,493 | |||||||||||||||||||||||||
Conversion features, value | $ 53,140 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Cash fees paid in connection with convertible notes issued | $ 2,500 | |||||||||||||||||||||||||||
Debt discount | 33,250 | |||||||||||||||||||||||||||
Accrued interest | 0 | 0 | 0 | |||||||||||||||||||||||||
Derivative liability | $ 19,890 | 51,587 | 51,587 | 51,587 | ||||||||||||||||||||||||
Debt instrument amount converted | 20,258 | |||||||||||||||||||||||||||
Debt instrument interest converted | $ 1,943 | |||||||||||||||||||||||||||
Number of common stock issued upon conversion of debt | 34,459,213 | |||||||||||||||||||||||||||
Unamortized debt discount | $ 3,128 | 3,128 | 3,128 | |||||||||||||||||||||||||
Amortization of debt discounts | 4,816 | 32,622 | ||||||||||||||||||||||||||
Amortization of deferred financing costs | 2,139 | 2,139 | 2,139 | |||||||||||||||||||||||||
Convertible promissory note payable | October 2015 Note | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | $ 58,000 | |||||||||||||||||||||||||||
Cash paid to purchase mobile applications | $ 20,000 | |||||||||||||||||||||||||||
Interest rate | 15.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 45.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 20 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 58,000 | 58,000 | 58,000 | |||||||||||||||||||||||||
Conversion features, value | $ 463,519 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation model | |||||||||||||||||||||||||||
Debt discount | $ 58,000 | |||||||||||||||||||||||||||
Accrued interest | 4,084 | 4,084 | 4,084 | |||||||||||||||||||||||||
Derivative liability | $ 405,519 | |||||||||||||||||||||||||||
Unamortized debt discount | 29,000 | 29,000 | 29,000 | |||||||||||||||||||||||||
Amortization of debt discounts | 29,000 | |||||||||||||||||||||||||||
Convertible promissory note payable | November 2015 Note | ||||||||||||||||||||||||||||
Short-term Debt [Line Items] | ||||||||||||||||||||||||||||
Convertible promissory note payable, issued | $ 25,000 | |||||||||||||||||||||||||||
Deferred financing costs | $ 2,000 | |||||||||||||||||||||||||||
Interest rate | 10.00% | |||||||||||||||||||||||||||
Discount percentage of lowest traded price | 50.00% | |||||||||||||||||||||||||||
Number of trading days for lowest traded price | 15 days | |||||||||||||||||||||||||||
Outstanding principle balance of debt | 25,000 | 25,000 | 25,000 | |||||||||||||||||||||||||
Conversion features, value | $ 42,984 | |||||||||||||||||||||||||||
Valuation techniques | Black Scholes valuation mode | |||||||||||||||||||||||||||
Debt discount | $ 25,000 | |||||||||||||||||||||||||||
Accrued interest | 882 | 882 | 882 | |||||||||||||||||||||||||
Derivative liability | $ 17,984 | |||||||||||||||||||||||||||
Unamortized debt discount | 11,111 | 11,111 | 11,111 | |||||||||||||||||||||||||
Amortization of debt discounts | 13,889 | |||||||||||||||||||||||||||
Amortization of deferred financing costs | $ 1,111 | $ 1,111 | $ 1,111 |
CONVERTIBLE LOANS (Detail Tex29
CONVERTIBLE LOANS (Detail Textuals 1) - USD ($) | 9 Months Ended | ||
Mar. 31, 2016 | Nov. 25, 2015 | Oct. 15, 2014 | |
Short-term Debt [Line Items] | |||
Deferred financing costs | $ 18,702 | ||
Amortization of deferred financing costs | 13,202 | ||
Unamortized balance of deferred financing costs | 5,500 | ||
Convertible promissory note payable | September 2015 | |||
Short-term Debt [Line Items] | |||
Cash commissions paid | 4,750 | ||
Cash fees paid in connection with convertible notes issued | $ 6,160 | ||
Shares issued as commissions for all convertible loans issued (in shares) | 100,000 | ||
Shares issued as commissions for all convertible loans issued | $ 3,850 | ||
Convertible promissory note payable | November 2015 Note | |||
Short-term Debt [Line Items] | |||
Cash commissions paid | 2,000 | ||
Deferred financing costs | $ 2,000 | ||
Amortization of deferred financing costs | 1,111 | ||
Convertible promissory note payable | October 2014 Note - Related party | |||
Short-term Debt [Line Items] | |||
Cash commissions paid | $ 1,942 | ||
Deferred financing costs | $ 60,000 |
CONVERTIBLE LOANS - RELATED P30
CONVERTIBLE LOANS - RELATED PARTY (Details) - USD ($) | Mar. 31, 2016 | Jun. 30, 2015 |
Short-term Debt [Line Items] | ||
October 2014 Note - Related party | $ 0 | $ 22,000 |
Less: current portion of convertible loan | $ 0 | 0 |
Convertible loan - related party | Issue date, October 14, 2014 | ||
Short-term Debt [Line Items] | ||
October 2014 Note - Related party | 22,000 | |
Accrued interest | 2,342 | |
Less: Unamortized debt discounts | (6,771) | |
Total | 17,571 | |
Less: current portion of convertible loan | $ (17,571) | |
Long-term convertible notes payable |
CONVERTIBLE LOANS - RELATED P31
CONVERTIBLE LOANS - RELATED PARTY (Detail Textuals) - USD ($) | Oct. 14, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Jun. 30, 2015 |
Short-term Debt [Line Items] | ||||||
Debt discount | $ 55,139 | $ 55,139 | $ 43,697 | |||
Accrued interest | 7,391 | 7,391 | 10,762 | |||
Interest expense, net | 74,229 | $ 15,001 | 193,313 | $ 28,140 | ||
Amortization of debt discounts | 166,079 | 22,516 | ||||
Convertible loan - related party | ||||||
Short-term Debt [Line Items] | ||||||
Interest expense, net | 1,319 | 1,519 | ||||
Amortization of debt discounts | 6,771 | $ 6,464 | ||||
Convertible loan - related party | October 2014 Note | ||||||
Short-term Debt [Line Items] | ||||||
Convertible promissory note payable, issued | $ 22,000 | |||||
Interest rate | 15.00% | |||||
Discount percentage of lowest traded price | 50.00% | |||||
Number of trading days for lowest traded price | 60 days | |||||
Conversion features, value | $ 26,782 | |||||
Valuation techniques | Black Scholes valuation model | |||||
Debt discount | $ 22,570 | |||||
Debt instrument amount converted | 22,000 | |||||
Debt instrument interest converted | $ 3,661 | |||||
Number of common stock issued upon conversion of debt | 20,561,051 | |||||
Accrued interest | 570 | |||||
Derivative liability | $ 4,212 | 99,655 | $ 99,655 | |||
Outstanding principal balance of note | $ 0 | $ 0 | ||||
Accrued interest on related party debt | 2,342 | |||||
Unamortized debt discount for related party convertible loans | $ 6,771 | |||||
Amortization of debt discounts | $ 6,771 |
DERIVATIVE LIABILITIES (Details
DERIVATIVE LIABILITIES (Details) | 9 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Jun. 30, 2015 | |
Derivative [Line Items] | ||
Expected dividend yield | ||
Minimum | ||
Derivative [Line Items] | ||
Expected term | 0 years | 3 months 14 days |
Expected average volatility | 25.00% | 108.00% |
Risk-free interest rate | 0.00% | 0.01% |
Maximum | ||
Derivative [Line Items] | ||
Expected term | 1 year | 1 year |
Expected average volatility | 242.00% | 218.00% |
Risk-free interest rate | 0.57% | 0.25% |
DERIVATIVE LIABILITIES (Detai33
DERIVATIVE LIABILITIES (Details 1) - USD ($) | Mar. 31, 2016 | Jun. 30, 2015 |
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | $ 183,739 | $ 158,775 |
Recurring basis | Estimated fair values | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 183,739 | |
Recurring basis | Estimated fair values | March 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 1,059 | |
Recurring basis | Estimated fair values | August 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 47,161 | |
Recurring basis | Estimated fair values | September 2015 Note - 1 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 24,402 | |
Recurring basis | Estimated fair values | September 2015 Note - 2 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 29,917 | |
Recurring basis | Estimated fair values | October 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 40,142 | |
Recurring basis | Estimated fair values | November 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | $ 41,058 | |
Recurring basis | Quoted Prices in Active Markets (Level 1) | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | March 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | August 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | September 2015 Note - 1 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | September 2015 Note - 2 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | October 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Quoted Prices in Active Markets (Level 1) | November 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Other Observable Inputs (Level 2) | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Other Observable Inputs (Level 2) | March 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Other Observable Inputs (Level 2) | August 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Other Observable Inputs (Level 2) | September 2015 Note - 1 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Other Observable Inputs (Level 2) | September 2015 Note - 2 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Other Observable Inputs (Level 2) | October 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Other Observable Inputs (Level 2) | November 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | ||
Recurring basis | Significant Unobservable Inputs (Level 3) | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | $ 183,739 | $ 158,775 |
Recurring basis | Significant Unobservable Inputs (Level 3) | March 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 1,059 | |
Recurring basis | Significant Unobservable Inputs (Level 3) | August 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 47,161 | |
Recurring basis | Significant Unobservable Inputs (Level 3) | September 2015 Note - 1 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 24,402 | |
Recurring basis | Significant Unobservable Inputs (Level 3) | September 2015 Note - 2 | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 29,917 | |
Recurring basis | Significant Unobservable Inputs (Level 3) | October 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | 40,142 | |
Recurring basis | Significant Unobservable Inputs (Level 3) | November 2015 Note | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities | $ 41,058 |
DERIVATIVE LIABILITIES (Detai34
DERIVATIVE LIABILITIES (Details 2) - USD ($) | 9 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Derivative Liability [Roll Forward] | ||
Balance - June 30, 2015 | $ 158,775 | |
Addition of new derivative recognized as debt discounts | 106,750 | $ 47,000 |
Balance - March 31, 2016 | 183,739 | |
Recurring basis | Significant Unobservable Inputs (Level 3) | ||
Derivative Liability [Roll Forward] | ||
Balance - June 30, 2015 | 158,775 | |
Addition of new derivative recognized as debt discounts | 164,750 | |
Addition of new derivatives recognized as loss on derivatives | 496,687 | |
Settled on issuance of common stock | (474,261) | |
Loss on change in fair value of the derivative | (162,212) | |
Balance - March 31, 2016 | $ 183,739 |
DERIVATIVE LIABILITIES (Detail
DERIVATIVE LIABILITIES (Detail Textuals) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||
Aggregate loss on derivatives | $ (1,985) | $ (6,390) | $ (334,475) | $ (17,630) |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Detail Textuals) - USD ($) | Jul. 13, 2015 | May. 06, 2015 | Mar. 09, 2015 | Jul. 31, 2015 | May. 18, 2015 | Jan. 30, 2013 | Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Oct. 31, 2015 | Jul. 15, 2015 | Jun. 30, 2015 |
Commitments And Contingencies Disclosure [Line Items] | |||||||||||||
Monthly fee | $ 96,653 | $ 164,632 | $ 1,823,046 | $ 185,785 | |||||||||
Lease and rental expense | $ 200 | 1,882 | 1,651 | ||||||||||
Leases, term of contract | 3 months | ||||||||||||
Description of lease term | three-month terms, which shall be automatically extended for successive three-month periods unless there is the notice to cancel. The lease can be cancelled at any time by either party with 30 days' notice prior to expiration of an applicable term | ||||||||||||
Prepaid consulting fee expense | 47,192 | 47,192 | |||||||||||
Fair value of the shares expensed | 54,122 | 54,122 | $ 1,498,483 | ||||||||||
Deferred financing costs | 18,702 | 18,702 | |||||||||||
Interest expense, net | 74,229 | $ 15,001 | 193,313 | $ 28,140 | |||||||||
Consulting agreement | Gilles Trahan | |||||||||||||
Commitments And Contingencies Disclosure [Line Items] | |||||||||||||
Number of shares of restricted common stock issued as commencement fee | 300,000 | ||||||||||||
Current market price (in dollars per share) | $ 0.13 | ||||||||||||
Value of shares of restricted common stock issued as commencement fee | $ 39,000 | ||||||||||||
Consulting agreement | Cicero Consulting Group, LLC | |||||||||||||
Commitments And Contingencies Disclosure [Line Items] | |||||||||||||
Term of agreement | 12 months | ||||||||||||
Additional term of agreement | 12 months | ||||||||||||
Number of shares of restricted common stock issued as commencement fee | 1,723,329 | ||||||||||||
Current market price (in dollars per share) | $ 1.02 | ||||||||||||
Prepaid consulting fee expense | $ 732,415 | ||||||||||||
Consulting agreement | Alex consulting, Inc. | |||||||||||||
Commitments And Contingencies Disclosure [Line Items] | |||||||||||||
Term of agreement | 1 year | ||||||||||||
Number of shares of restricted common stock issued as commencement fee | 700,000 | ||||||||||||
Current market price (in dollars per share) | $ 0.51 | ||||||||||||
Consulting agreement | SmallCapVoice.co, Inc. | |||||||||||||
Commitments And Contingencies Disclosure [Line Items] | |||||||||||||
Term of agreement | 3 months | ||||||||||||
Monthly fee | $ 2,500 | ||||||||||||
Number of shares of restricted common stock issued as commencement fee | 28,000 | ||||||||||||
Current market price (in dollars per share) | $ 0.51 | ||||||||||||
Consulting agreement | SmallCapVoice.co, Inc. | Period from July 1, 2015 to August 18, 2015 | |||||||||||||
Commitments And Contingencies Disclosure [Line Items] | |||||||||||||
Prepaid consulting fee expense | $ 0 | 0 | |||||||||||
Fair value of the shares expensed | $ 9,177 | ||||||||||||
Consulting agreement | Castle Rock Resources, LLC | |||||||||||||
Commitments And Contingencies Disclosure [Line Items] | |||||||||||||
Term of agreement | 6 months | ||||||||||||
Additional term of agreement | 6 months | ||||||||||||
Number of shares of restricted common stock issued as commencement fee | 2,400,000 | ||||||||||||
Current market price (in dollars per share) | $ 0.12 | ||||||||||||
Value of shares of restricted common stock issued as commencement fee | $ 288,000 | ||||||||||||
Consulting agreement | Almorli Advisors | |||||||||||||
Commitments And Contingencies Disclosure [Line Items] | |||||||||||||
Percentage of cash fee paid of total capital provided | 8.00% | ||||||||||||
Percentage of restricted stock issued of total capital provided | 5.00% | ||||||||||||
Deferred financing costs | $ 10,010 | ||||||||||||
Interest expense, net | $ 6,843 |
SHAREHOLDERS' EQUITY (Detail Te
SHAREHOLDERS' EQUITY (Detail Textuals) - USD ($) | 1 Months Ended | 9 Months Ended | |||
Feb. 29, 2016 | Oct. 31, 2015 | Jul. 31, 2015 | Mar. 31, 2016 | Jun. 30, 2015 | |
Shareholders Equity [Line Items] | |||||
Convertible preferred stock, shares authorized | 5,000,000 | 5,000,000 | |||
Convertible preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | |||
Convertible preferred stock, number of shares issued on conversion | 100 | ||||
Convertible preferred stock, voting rights | voting rights of 1,000 share of common stock | ||||
Convertible preferred stock, shares issued | 5,000,000 | 5,000,000 | |||
Convertible preferred stock, shares outstanding | 5,000,000 | 5,000,000 | |||
Common stock, shares authorized | 750,000,000 | 750,000,000 | |||
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | |||
Number of common shares issued for conversion of debt and accrued interest | 139,011,597 | ||||
Amount of common shares issued for conversion of debt and accrued interest | $ 170,170 | ||||
Common stock, shares issued | 182,935,431 | 37,847,163 | |||
Common stock, shares outstanding | 182,935,431 | 37,847,163 | |||
Consulting agreement | Gilles Trahan | |||||
Shareholders Equity [Line Items] | |||||
Number of common stock issued for services | 300,000 | ||||
Amount of common stock issued for services | $ 39,000 | ||||
Consulting agreement | CEO | |||||
Shareholders Equity [Line Items] | |||||
Number of common stock issued for services | 5,000,000 | ||||
Amount of common stock issued for services | $ 10,500 | ||||
Consulting agreement | Cicero Consulting Group, LLC | |||||
Shareholders Equity [Line Items] | |||||
Number of common stock Cancelled | 1,723,329 | ||||
Consulting agreement | Alex Castle Rock Resources, LLC | |||||
Shareholders Equity [Line Items] | |||||
Number of common stock issued for services | 2,400,000 | ||||
Amount of common stock issued for services | $ 288,000 | ||||
Consulting agreement | Almorli Advisors | |||||
Shareholders Equity [Line Items] | |||||
Number of common stock issued for services | 100,000 | ||||
Amount of common stock issued for services | $ 3,850 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($) | 9 Months Ended | |
Mar. 31, 2016 | Jun. 30, 2015 | |
Related Party Transactions [Abstract] | ||
Amount of accounts payable paid by former president on behalf of company | $ 2,688 | |
Repayments of related party debt | 2,688 | |
Due to related party | 0 | $ 0 |
Outstanding convertible note payable - related party | $ 0 | $ 22,000 |
SUBSEQUENT EVENTS (Detail Textu
SUBSEQUENT EVENTS (Detail Textuals) - USD ($) | 1 Months Ended | |
May. 31, 2016 | Mar. 31, 2016 | |
Common stock | ||
Subsequent Event [Line Items] | ||
Number of common stock issued upon conversion of debt | 136,152,095 | |
Value of common stock issued for conversion of convertible loans | $ 98,332 | |
Subsequent Event | Third party investor | ||
Subsequent Event [Line Items] | ||
Proceeds from short-term debt | $ 27,000 | |
Interest rate during period | 8.00% | |
Debt instrument, term | 5 months | |
Percentage of conversion price | 55.00% | |
Trading days | 20 days |