GL Brands (GRLB) 10-K 7 Oct 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2016	Oct. 05, 2016	Dec. 31, 2015
Document And Entity Information
Entity Registrant Name	Freedom Leaf Inc.
Entity Central Index Key	1,581,545
Document Type	10-K
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 28,279,357
Entity Common Stock, Shares Outstanding		95,038,650
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Current assets
Cash	$ 1,758	$ 901
Accounts receivable	500	2,480
Inventory	2,465	0
Other receivable	2,399	2,000
Total current assets	7,122	5,381
Intangible assets, net	7,464	4,744
Other assets	3,584	3,584
Total assets	18,170	13,709
Current liabilities
Convertible notes payable, net of discount	44,521	0
Notes payable	0	0
Accounts payable	46,936	4,711
Accounts payable to related parties	10,000	27,466
Accrued expenses	29,853	17,984
Accrued expenses to related parties	45,000	0
Total current liabilities	176,310	50,161
Long-term liabilities
Payable to related party	126,250	194,355
Total long-term liabilities	126,250	194,355
Total liabilities	302,560	244,516
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized Series A preferred stock, 1,000,000 shares authorized, 948,022 and 0 shares issued and outstanding at June 30, 2016 and 2015, respectively	948	0
Common stock, $0.001 par value, 500,000,000 shares authorized, 94,438,650 and 174,181,200 shares issued, issuable, and outstanding at June 30, 2016 and 2015, respectively	94,439	174,181
Additional paid-in capital	3,800,699	594,130
Unearned stock compensation	(170,137)	0
Accumulated deficit	(4,010,338)	(999,118)
Total stockholders' deficit	(284,390)	(230,807)
Total liabilities and stockholders' deficit	$ 18,170	$ 13,709

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Jun. 30, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value	$ .001	$ .001
Preferred stock, shares authorized	1,000,000
Preferred stock, shares issued	948,022	0
Preferred stock, shares outstanding	948,022	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	94,438,650	174,181,200
Common stock, shares outstanding	94,438,650	174,181,200

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenue, net	$ 118,473	$ 48,674
Operating expenses
Direct costs of revenue	132,381	213,604
General and administrative	2,685,025	768,938
Marketing and selling	18,335	65,250
Operating loss	(2,717,267)	(999,118)
Other income (expense)
Interest expense	(3,779)	0
Beneficial conversion feature	(290,174)	0
Net loss	$ (3,011,220)	$ (999,118)
Net loss per share - basic and diluted	$ (.02)	$ (.01)
Weighted average number of shares outstanding - basic and diluted	171,858,687	173,896,981

Statements of Operations (Paren

Statements of Operations (Parenthetical) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Stock-based compensation	$ 2,258,863	$ 12,500

Statement of Shareholders' Defi

Statement of Shareholders' Deficit - USD ($)	Preferred Stock	Common Stock Issuable	Common Stock	Unearned Stock Compensation	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning balance, shares at Jun. 30, 2014	0		0
Beginning balance, value at Jun. 30, 2014	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Reverse merger, shares		83,401,200	90,000,000
Reverse merger, value		$ 83,401	$ 90,000		(164,187)		9,214
Issuance of common stock for services, shares		780,000
Issuance of common stock for services, value		$ 780			11,720		12,500
Issuable stock issued, shares		(84,181,200)	84,181,200
Issuable stock issued, value		$ (84,181)	$ 84,181
Contributed capital					746,597		746,597
Conversion of debt into common stock, value							0
Net loss						(999,118)	(999,118)
Ending balance, shares at Jun. 30, 2015	0	0	174,181,200
Ending balance, value at Jun. 30, 2015	$ 0	$ 0	$ 174,181	0	594,130	(999,118)	(230,807)
Issuance of common stock for services, shares		960,000	8,685,000
Issuance of common stock for services, value		$ 960	$ 8,685		1,919,355		1,929,000
Contributed capital					12,000		12,000
Capital contribution (services)					58,500		58,500
Beneficial conversion feature					122,500		122,500
Unearned Stock Compensation				(170,137)			(170,137)
Warrants issued for services					500,000		500,000
Warrants exercised into common stock, shares		2,679,736
Warrants exercised into common stock, value		$ 2,680			31,320		34,000
Conversion of debt into common stock, shares		2,509,914	150,000
Conversion of debt into common stock, value		$ 2,510	$ 150		469,115		471,775
Conversion of common stock into preferred stock, preferred stock shares issued	948,022
Conversion of common stock into preferred stock, preferred stock issued value	$ 948				93,854
Conversion of common stock into preferred stock, common shares converted			(94,802,200)
Conversion of common stock into preferred stock, common shares value			$ (94,802)
Net loss						(3,011,220)	(3,011,220)
Ending balance, shares at Jun. 30, 2016	948,022	6,149,650	88,289,000
Ending balance, value at Jun. 30, 2016	$ 948	$ 6,150	$ 88,289	$ (170,137)	$ 3,800,699	$ (4,010,338)	$ (284,390)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (3,011,220)	$ (999,118)
Adjustments to reconcile net loss to net cash used in operations:
Amortization of intellectual properties	515	169
Beneficial conversion feature	290,174	0
Issuance of common stock for services	2,258,863	12,500
Unearned stock compensation	(170,137)	0
Bad debt expense	5,000	0
Issuance of warrants for services	500,000	0
Changes in operating assets and liabilities:
Accounts receivable	(3,020)	(2,480)
Inventory	(2,465)	0
Other receivable	(399)	(2,000)
Other assets	0	(3,584)
Accounts payable	42,225	4,711
Accounts payable to related parties	(17,466)	27,466
Accrued expenses	12,099	17,984
Accrued expenses to related parties	45,000	0
Net cash used in operating activities	(50,831)	(944,352)
Cash flows provided by investing activities
Cash acquired from acquisition	0	9,214
Intangible asset acquired	(3,235)	(4,913)
Net cash provided by (used in) investing activities	(3,235)	4,301
Cash flows from financing activities:
Proceeds from warrants exercised	34,000	0
Proceeds from capital contributed	0	746,597
Proceeds from related party	136,815	194,355
Issuance of common stock on conversion of debt	(225,892)	0
Proceeds from notes payable	110,000	0
Net cash provided by financing activities	54,923	940,952
Net decrease in cash	857	901
Cash at beginning of period	901	0
Cash at end of period	1,758	901
Supplemental disclosure of cash flow information:
Cash paid for interest	0	0
Cash paid for taxes	0	0
Non-cash investing and financing activities:
Conversion of debt into common stock	$ 471,775	$ 0

1. Nature of Operations and Sum

1. Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Organization Freedom Leaf, Inc. (the “Company,” “we,” “us,” “our,” or “Freedom Leaf”) was incorporated in the State of Nevada on February 21, 2013, under the name of Arkadia International, Inc. The Company was originally engaged in the business of the acquisition of in demand equipment, cars, and goods with the intent to resale these in the U.S. territory or export to overseas countries. On October 3, 2014, the Company experienced a change in control. Richard C. Cowan acquired a majority of the issued and outstanding common stock of the Company in accordance with stock purchase agreements by and between Mr. Cowan and Vladimir and Galina Shekhtman (“Sellers”). On the closing date, October 3, 2014, pursuant to the terms of the Stock Purchase Agreement, Cowan purchased from the Sellers 6,950,100 shares of the Company’s outstanding restricted common stock for $100,000, representing 93%. On November 6, 2014, the Company merged with Freedom Leaf, Inc., a private Nevada corporation. The Company changed its name from Arkadia International, Inc., to Freedom Leaf, Inc. As a result of the merger, the private company was dissolved. See Note 2 for related discussion. For financial reporting purposes, the Share Exchange represents a "reverse merger" rather than a business combination and Private Company is deemed to be the accounting acquirer in the transaction. The Share Exchange is being accounted for as a reverse-merger and recapitalization. Private Company is the acquirer for financial reporting purposes and the Public Company (Freedom Leaf, Inc., f/k/a Arkadia International, Inc.) is the acquired company. Consequently, the assets and liabilities and the operations that will be reflected in the historical financial statements prior to the Share Exchange will be those of the Private Company and will be recorded at the historical cost basis of the Private Company, and the financial statements after completion of the Share Exchange will include the assets and liabilities of the Public Company and the Private Company, and the historical operations of Private Company and operations of both companies from the closing date of the Share Exchange. Nature of Operations The Company is focused on being the premium national and international news source for the Cannabis/Industrial Hemp industry. Through our online and print media channels, our efforts are in dissemination of current legislation and legal news, arts and entertainment. Additional websites and online partnerships are in the development stage that will give the Freedom Leaf brand greater exposure. The Company generates revenue from paid advertising on both online and print publications as well as consulting fees and incubator fees for companies that want to participate in the Cannabis/Industrial Hemp industry. Another segment of income generation by the Company is brand management for both profit and non-profit organizations. An example is the contract with NORML which was entered into on May 26, 2015. This contract authorizes the Company to undertake all of the commercial activities of NORML, earning income for both the non-profit and the Company. Basis of Presentation The Company prepares its financial statements in conformity with generally accepted accounting principles in the United States of America. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates in the accompanying financial statements include the amortization period for intangible assets, valuation and impairment valuation of intangible assets, allowance for accounts receivable, depreciable lives of the web site, valuation of warrants and beneficial conversion feature debt discounts, valuation of derivatives, and valuation of share-based payments. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Property, Equipment and Depreciation Property and equipment is recorded at cost. Depreciation is computed using the straight-line method based on the estimated useful lives of the related assets of three years for computer equipment, five years for office furniture and fixtures, and the lesser of the lease term or the useful life of the leased equipment. Leasehold improvements, if any, would be amortized over the lesser of the lease term or the useful life of the improvements. Expenditures for maintenance and repairs along with fixed assets below our capitalization threshold are expensed as incurred. Accounting for Derivatives The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market 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 expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date. Impairment of Long-Lived Assets The Company accounts for long-lived assets in accordance with the provisions of Statement of Financial Accounting Standards ASC 360-10, “Accounting for the Impairment or Disposal of Long-Lived Assets”. This statement requires that long-lived assets and certain identifiable intangibles be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Fair Value of Financial Instruments The Company measures its financial assets and liabilities in accordance with generally accepted accounting principles. For certain of our financial instruments, including cash, accounts payable, accrued expenses, deposits received from customers for layaway sales and short term loans the carrying amounts approximate fair value due to their short maturities. We follow accounting guidance for financial and non-financial assets and liabilities. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use. We currently measure and report at fair value our intangible assets (due to our impairment analysis) and derivative liabilities. The fair value of intangible assets has been determined using the present value of estimated future cash flows method. The fair value of derivative liabilities is measured using the Black-Scholes option pricing method. The following table summarizes our non-financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2016: Balance at Quoted Prices in Active Markets Significant Other Significant June 30, for Identical Observable Unobservable 2016 Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Assets: Trademarks $ 7,464 $ – $ – $ 7,464 Total Financial Assets $ 7,464 $ – $ – $ 7,464 Following is a summary of activity through June 30, 2016 of the fair value of intangible assets valued using Level 3 inputs: Accumulated Asset Amortization Net Intangibles - June 30, 2014 $ – $ – $ – Additions 4,913 – 4,913 Amortization – (169 ) (169 ) Intangibles - June 30, 2015 4,913 (169 ) 4,744 Additions 3,235 – 3,235 Amortization – (515 ) (515 ) Intangibles - June 30, 2016 $ 8,148 $ (684 ) $ 7,464 Revenue Recognition The Company recognizes revenue for our services in accordance with ASC 605-10, "Revenue Recognition in Financial Statements." Under these guidelines, revenue is recognized on transactions when all of the following exist: persuasive evidence of an arrangement did exist, delivery of service has occurred, the sales price to the buyer is fixed or determinable and collectability is reasonably assured. The Company has five primary revenue streams as follows: · Consulting services. · Advertising services. · Branding, marketing and selling products for companies. · Educational seminars. · Selling branded products. Stock-Based Compensation The Company accounts for stock-based instruments issued to employees in accordance with ASC Topic 718. ASC Topic 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity based compensation issued to employees. The value of the portion of an award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method. The Company accounts for non-employee share-based awards in accordance with the measurement and recognition provisions ASC Topic 505-50. The Company estimates the fair value of stock options at the grant date by using the Black-Scholes option-pricing model. Advertising Advertising is expensed as incurred and is included in selling, general and administrative expenses on the accompanying statement of operations. For the years ended June 30, 2016 and 2015 advertising expense was $18,335 and $65,250, respectively. Income Taxes The Company adopted the provisions of ASC 740-10, “Accounting for Uncertain Income Tax Positions.” When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are 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. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for unrecognized tax benefits. As of June 30, 2016, all previous tax years remain open for IRS audit. The Company has received no notice of audit from the IRS for any of the open tax years. The Company adopted ASC 740-10, “ Net Earnings (Loss) Per Share In accordance with ASC 260-10, “Earnings Per Share,” basic net earnings (loss) per common share is computed by dividing the net earnings (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share are computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Segment Information In accordance with the provisions of ASC 280-10, “Disclosures about Segments of an Enterprise and Related Information”, the Company is required to report financial and descriptive information about its reportable operating segments. The Company does not have any operating segments as of June 30, 2016 and 2015. Effect of Recent Accounting Pronouncements The Company reviews new accounting standards and updates as issued. No new standards or updates had any material effect on these unaudited financial statements. The accounting pronouncements and updates issued subsequent to the date of these audited financial statements that were considered significant by management were evaluated for the potential effect on these audited financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these audited financial statements as presented and does not anticipate the need for any future restatement of these audited financial statements because of the retro-active application of any accounting pronouncements issued subsequent to June 30, 2016 through the date these audited financial statements were issued.

2. Entry Into a Definitive Agre

2. Entry Into a Definitive Agreement	12 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Entry Into a Definitive Agreement	Freedom Leaf, Inc., (f/k/a Arkadia International, Inc., the “Public Company,” “we,” “us,” “our”) entered into a share exchange agreement (the “Exchange Agreement”) with Freedom Leaf, Inc. (the “Public Company”), a Nevada corporation. Prior to the reverse merger, Richard C. Cowan, an officer and director of the Company, post-merger, acquired 89,808,000, or 99.8% of the outstanding shares of Freedom Leaf, Inc., the public company. Clifford J. Perry, an individual, and the Private Company’s sole officer and director (“Perry”), was the owner of record of all of the outstanding common shares of the Private Company (the “Private Company Stock”). Pursuant to the Exchange Agreement, upon surrender by the Shareholders and the cancellation by the Private Company of the certificates evidencing the Private Company Stock as registered in the name of the Shareholder, and pursuant to the registration of the Public Company in the register of Shareholders maintained by Private Company as the new holder of the Public Company Stock and the issuance of the certificates evidencing the aforementioned registration of the Private Company Stock in the name of the Public Company, the Public Company will issue 83,401,200 shares (the “New Shares”) (subject to adjustment for fractionalized shares as set forth below) of the Company’s common stock to the Shareholders (or their designees), and Perry will cause 100% of the shares of the Private Company’s common stock that he owns (the “ Perry Stock ,” together with the New Shares, the “Acquisition Stock”) to be transferred to the Shareholders (or their designees), which collectively shall represent 48.1% of the issued and outstanding common stock of the Public Company immediately after the Closing, in exchange for the Private Company Stock, representing 100% of the issued share capital of the Private Company. As a result of the exchange of the Private Company Stock for the Acquisition Stock (the “Share Exchange”), the Private Company will be dissolved. The closing of the Exchange Agreement was conditioned upon certain, limited customary representations and warranties, as well as the satisfaction or waiver of specified conditions to closing. As the parties satisfied all of the closing conditions, on November 6, 2014, we consummate the Share Exchange contemplated by the Exchange Agreement. As a result, the shareholders of Private Company own approximately 48.1% of our issued and outstanding common stock. Prior to the execution and delivery of the Exchange Agreement, our board of directors approved the Share Exchange and the transactions contemplated thereby. Similarly, the board of directors of Private Company approved the Share Exchange. Reference is hereby made regarding the completion of the Share Exchange. Following the Share Exchange, we have abandoned our prior business plan and we are now pursuing Private Company’s historical businesses and proposed businesses. Private Company is in the business of advertising in industry publications related to marijuana. The foregoing description of the Exchange Agreement does not purport to be complete and is qualified in its entirety by the Share Exchange Agreement, a copy of which has been filed on Form 10-Q/A for the period ended December 31, 2014 which is incorporated herein by reference. Accounting Treatment of the Merger For financial reporting purposes, the Share Exchange represents a “reverse merger” rather than a business combination and Private Company is deemed to be the accounting acquirer in the transaction. The Share Exchange is being accounted for as a reverse-merger and recapitalization. Private Company is the acquirer for financial reporting purposes and the Public Company (Freedom Leaf, Inc., f/k/a Arkadia International, Inc.) is the acquired company. Consequently, the assets and liabilities and the operations that will be reflected in the historical financial statements prior to the Share Exchange will be those of the Private Company and will be recorded at the historical cost basis of the Private Company, and the financial statements after completion of the Share Exchange will include the assets and liabilities of the Public Company and the Private Company, and the historical operations of Private Company and operations of both companies from the closing date of the Share Exchange. Licensing Rights On February 8, 2016, the Company and Freedomleaf Netherlands, b.v. (“FLNL”), a company located in the Netherlands, executed a Memorandum of Understanding (“MOU”), wherein the Company granted FLNL a right of first refusal to license certain rights from the Company described below in exchange for a payment of $25,000, and the parties agreed to negotiate a definite license agreement for such rights and with proposed terms of the definitive agreement set forth in the MOU. Such rights include FLNL’s rights to use various trademarks of the Company, primarily “Freedom Leaf,” and other related rights, for use in the Netherlands by FLNL, including FLNL’s right to publish a Freedom Leaf magazine in the Netherlands, sell Freedom Leaf products and perform other activities related to the business of the Company. Except for the grant of the right of first refusal, and the required payment has not been received by the Company. FLNL is a shareholder (common stock and warrants to purchase additional common stock) of the Company. Incubation Agreement On January 18, 2016, the Company and Plants to Paper, LLC (“PTP”), executed an Incubation Agreement. PTP owns the patent pending application 62/245,153 with the title being “Rolling Papers and Blunt Wraps made from 100% Marijuana.” PTP transferred its ownership rights to the Company and its Medical Marijuana / Cannabis / Hemp Industry Incubator program. The Company will supply management services and to fund the early stage development of PTP. The Incubation Agreement is for a period of twelve months. PTP will provide the Company with 20% of the outstanding membership shares of PTP in exchange for its services. The costs of patent registrations in the United States and other countries will be the liability of PTP. As of June 30, 2016, PTP had no activity.

3. Going Concern

3. Going Concern	12 Months Ended
	Jun. 30, 2016
Going Concern
Going Concern	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company sustained net losses of $3,011,220 and used cash in operating activities of $50,831 for the year ended June 30, 2016. The Company had a working capital deficit, stockholders’ deficit and accumulated deficit of $169,188, $284,390 and $4,010,338, respectively, at June 30, 2016. These factors raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company’s continuation as a going concern is dependent upon its ability to generate revenues and its ability to continue receiving investment capital and loans from third parties to sustain its current level of operations. The Company is in the process of securing working capital from investors for common stock, convertible notes payable, and/or strategic partnerships. No assurance can be given that the Company will be successful in these efforts. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

4. Commitments and Contingencie

4. Commitments and Contingencies	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Legal Matters From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of October 5, 2016, there were no pending or threatened lawsuits. Lease Commitment We lease approximately 2,800 square feet of office space in Las Vegas, Nevada, pursuant to a lease that will expire on April 15, 2019. This facility serves as our corporate headquarters. Future minimum lease payments under these leases are as follows: 2017 $ 23,928 2018 23,928 2019 18,943 Total $ 66,799 Rent expense for the years ended June 30, 2016 and 2015 was $33,919 and $22,172, respectively.

5. Related Parties

5. Related Parties	12 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Parties	Richard C. Cowan (“Cowan”), Director and former officer of the Company, has payables and accruals due to him of $100,000 and $194,355 as of June 30, 2016 and 2015, respectively. Clifford J. Perry (“Perry”), chief executive officer, chief financial officer, and director of the Company, has payables and accruals due to him of $26,250 and $26,666 as of June 30, 2016 and 2015, respectively. Raymond P. Medeiros (“Medeiros”), a director of the Company, has payables and accruals due to him of $10,500 and $0 as of June 30, 2016 and 2015, respectively. A shareholder of the Company is owed $10,000 as of June 30, 2016. On May 25, 2016, Perry converted 68,401,200 shares of common stock into 684,012 shares of Series A preferred stock. See Note 7. On May 25, 2016, Cowan converted 26,401,000 shares of common stock into 264,010 shares of Series A preferred stock. See Note 7. On June 30, 2016, Cowan converted $225,892 of payables and accruals into 2,509,914 shares of common stock. The conversion was at a 50% discount or $0.09 per share. As of June 30, 2016, these shares had not been issued and were recorded as issuable. See Note 7.

6. Convertible Notes Payable, N

6. Convertible Notes Payable, Net of Premiums and Notes Payable	12 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Convertible Notes Payable, Net of Premiums and Notes Payable	Convertible notes payable, all classified as current at June 30, 2016, consists of the following: Convertible notes, net of discounts and notes payable June 30, 2016 Principal, Debt net of Principal Discounts Discounts Swiss Allied Trust, Inc. (a) $ 50,000 $ (24,794 ) $ 25,206 Swiss Allied Trust, Inc. (a) 50,000 (30,685 ) 19,315 Total $ 100,000 $ (55,479 ) $ 44,521 (a) Convertible On July 7, 2015, the Company executed a convertible promissory note for $5,000 with Bruce Perlowin. The note is for one year, 12% interest rate, and convertible at $0.10 per share. The current price at that date was $0.085, which is less than the conversion price. The stock price for our common stock as of September 30, 2015 was $0.40. Our common stock is thinly traded therefore our price, as management has determined, is not indicative of our valuation. In October 2015, the Company issued common stock for services to unrelated parties and the common stock was values at $0.20, therefore, the $0.20 was used for valuation purposes for this note. A beneficial conversion feature of $5,000 was recorded and, as of March 31, 2016, $3,671 was amortized. The Company has recorded accrued interest of $467 as of June 30, 2016. On April 15, 2016, Mr. Perlowin converted the principal of this promissory note into 50,000 shares of common stock (see Note 7). The accrued interest was not converted. On August 12, 2015, the Company executed a convertible promissory note for $5,000 with Bruce Perlowin. The note is for one year, 12% interest rate, and convertible at $0.10 per share. The current price at that date was $0.10, which is less than the conversion price. The stock price for our common stock as of September 30, 2015 was $0.40. Our common stock is thinly traded therefore our price, as management has determined, is not indicative of our valuation. In October 2015, the Company issued common stock for services to unrelated parties and the common stock was values at $0.20, therefore, the $0.20 was used for valuation purposes for this note. A beneficial conversion feature of $5,000 was recorded and, as of March 31, 2016, $3,178 was amortized. The Company has recorded accrued interest of $408 as of June 30, 2016. On April 15, 2016, Mr. Perlowin converted the principal of this promissory note into 50,000 shares of common stock (see Note 7). The accrued interest was not converted. On August 20, 2015, the Company executed a convertible promissory note for $12,500 with Svetlana Ogorodnikova. The note matures on February 19, 2016, 12% interest rate, and convertible at $0.10 per share. The current price at that date was $0.085, which is less than the conversion price. The stock price for our common stock as of September 30, 2015 was $0.40. Our common stock is thinly traded therefore our price, as management has determined, is not indicative of our valuation. In October 2015, the Company issued common stock for services to unrelated parties and the common stock was values at $0.20, therefore, the $0.20 was used for valuation purposes for this note. A beneficial conversion feature of $12,500 was recorded and, as of March 31, 2016, $12,500 was amortized. The Company has recorded accrued interest of $986 as of June 30, 2016. On February 19, 2016, Ms. Ogorodnikova granted the Company an extension on the due date to June 30, 2016. On April 15, 2016, Ms. Ogorodnikova converted the principal of this promissory note into 125,000 shares of common stock (see Note 7). The accrued interest was not converted. On December 14, 2015, the Company executed a convertible promissory note for $100,000 with Swiss Allied Trust, Inc. (“Swiss Allied”). The note has two funding dates; December 14, 2015 and January 15, 2016, each for $50,000. On January 26, 2016, the Company received $50,000 from Swiss Allied as the second tranche of the convertible promissory note. As of March 31, 2016, both tranches were received by the Company. The term on each installment is for one year from the date of receipt of each tranche. Each installment is recorded and presented separately. For the initial tranche of $50,000, the Company recorded a beneficial conversion feature of $50,000 and, as of March 31, 2016, $14,795 was amortized. A beneficial conversion feature of $50,000 was recorded and, as of March 31, 2016, $8,904 has been amortized. For the initial tranche, the Company has recorded accrued interest of $1,195 as of March 31, 2016. For the second tranche, the Company has recorded accrued interest of $1,195 as of June 30, 2016. The beneficial conversion features were calculated on the conversion price of $0.005, as further discussed below. The Company maintained the common stock to be valued at $0.20, as discussed in prior notes, as the Company’s common stock continues to be thinly traded. Additionally, the Company issued Swiss Allied four warrants as an incentive to the note, each for 20,000,000 shares of the Company’s common stock, for a total of 80,000,000 warrants (see Note 4). Each warrant has an exercise price of $0.005 per share. The four warrants, each for 20,000,000 shares of common stock, mature on March 31, 2016, June 30, 2016, October 31, 2016, and December 31, 2016, respectively. If Swiss Allied exercises all warrants, the Company would receive an additional $400,000 for said shares of common stock. If Swiss Allied does not exercise all 80,000,000 warrants, by the maturation dates, as described herein, the exercise price shall be adjusted to $0.06, an increase of $0.055 per share as a penalty, which is payable to the Company at the time Swiss Allied requests to have the Rule 144 restriction removed. The interest rate for each loan tranche is 8% and is accrued with a payment date of December 15, 2016 for the first tranche and January 15, 2017 for the second tranche. The conversion price for the $100,000, which may happen any time prior to December 14, 2016, shall be the greater of $0.03 or 50% of the lowest closing price on the primary trading market on which the Company’s common stock is quoted for the five trading days immediately prior to, but not including, the conversion date, assuming that Swiss Allied has not exercised all 80,000,000 warrants for common stock. The conversion price for the $100,000, assuming that Swiss Allied has exercised all 80,000,000 warrants for common stock, shall be $0.005 per share. Swiss Allied has a right of first refusal on any future funding to the Company. Swiss Allied has the right to name a party to serve as a member of the Company’s board of directors if Swiss Allied owns at least 40,000,000 shares of the Company’s common stock. If Swiss Allied owns at least 80,000,000 shares of the Company’s common stock, they have the right to name two parties to the Company’s board of directors. The two directors will remain as long as Swiss Allied owns 55,000,000 shares of the Company’s common stock. As of March 31, 2016, Swiss Allied had not exercised the first warrant therefore, the warrant had expired as of said date. On April 8, 2016, Swiss Allied converted warrants for 4,800,000 shares of common stock in exchange for $24,000. The Company agreed to amend the obligations of Swiss Allied to accommodate the extension of the warrant until June 5, 2016. As of June 30, 2016, the warrant had expired.

7. Stockholders' Equity

7. Stockholders' Equity	12 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Stockholders' Equity	Series A Preferred Stock On May 24, 2016, the Board of Directors of the Company authorized amending the Company’s Articles of Incorporation to authorize 10,000,000 shares of “blank check” preferred stock and designate 1,000,000 of the shares as Series A preferred stock. Each share of the Series A preferred stock is entitled to 500 votes and is convertible into 100 shares of common stock. On May 25, 2016, Perry converted 68,401,200 shares of common stock into 684,012 shares of Series A preferred stock. See Note 5. On May 25, 2016, Cowan converted 26,401,000 shares of common stock into 264,010 shares of Series A preferred stock. See Note 5. Common Stock The Company was authorized to issue up to 75,000,000 shares of common stock, par value $0.001 per share. On January 21, 2015, the Company increased it’s authorized to 500,000,000 shares of common stock. Each outstanding share of common stock entitles the holder to one vote per share on all matters submitted to a stockholder vote. All shares of common stock are non-assessable and non-cumulative, with no pre-emptive rights. On November 6, 2014, the Company merged with Freedom Leaf, Inc., a private Nevada corporation (see Note 1). After the completion of the merger, there were 173,401,200 shares of common stock issued, issuable and outstanding. On November 10, 2014, the Company issued 780,000 shares of common stock to Vincent Moreno for consulting services from November 10, 2014 through April 10, 2015. The Company’s stock is thinly traded therefore the valuation of the issuance was based on the value of the services, which was $12,500. On October 12, 2015, the Company issued 1,700,000 shares of common stock to various employees as part of compensation. The current price at that date was $0.20. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. Previously, the Company issued common stock for services to unrelated parties and the common stock was valued at $0.20, therefore, the stock was valued at $0.20 or $340,000 was recorded. On October 12, 2015, the Company issued 2,000,000 shares of common stock to Raymond Medeiros, a director of the Company, for his past services. The current price at that date was $0.20. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. Previously, the Company issued common stock for services to unrelated parties and the common stock was valued at $0.20, therefore, the stock was valued at $0.20 or $400,000 was recorded. On October 12, 2015, the Company issued 3,000,000 shares of common stock to Raymond Medeiros, a director of the Company, for his future services. The issuance will vest over a period of twelve months. The current price at that date was $0.20. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. Previously, the Company issued common stock for services to unrelated parties and the common stock was valued at $0.20, therefore, the stock was valued at $0.20 or $600,000 was recorded. On October 12, 2015, the Company issued 2,010,000 shares of common stock to various subcontractors for their services. The current price at that date was $0.20. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. Previously, the Company issued common stock for services to unrelated parties and the common stock was valued at $0.20, therefore, the stock was valued at $0.20 or $402,000, was recorded. In October 2015, the Company issued 50,000 shares of common stock for services to unrelated parties and the common stock was valued at $0.20, therefore, the stock was valued at $0.20 or $10,000, was recorded. On November 2, 2015, the Company issued 125,000 shares of common stock to various subcontractors for their services. The current price at that date was $0.45. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. On February 2, 2016, Dobrucki exercised a warrant for 500,000 shares of common stock for $10,000, the exercise price of the warrants at $0.02 per share. On February 15, 2016, the Company issued 750,000 shares of common stock to various subcontractors for their services. The current price at that date was $0.227. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. Previously, the Company issued common stock for services to unrelated parties and the common stock was valued at $0.20, therefore, the stock was valued at $0.20, therefore, the issuance on was valued at $150,000, was recorded. On February 15, 2016, the Company issued 50,000 shares of common stock to an employee for their services. The current price at that date was $0.227. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. Previously, the Company issued common stock for services to unrelated parties and the common stock was valued at $0.20, therefore, the stock was valued at $0.20 or $10,000, was recorded. On February 24, 2016, the Company issued 100,000 shares of common stock to various subcontractors for their services. The current price at that date was $0.227. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. Previously, the Company issued common stock for services to unrelated parties and the common stock was valued at $0.20, therefore, the stock was valued at $0.20 or $20,000, was recorded. On March 17, 2016, the Company issued 50,000 shares of common stock to various subcontractors for their services. The current price at that date was $0.20. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. On March 18, 2016, the Company issued 10,000 shares of common stock to an employee for their services. The current price at that date was $0.20. Our common stock is thinly traded therefore our price, as management has determined, may not be indicative of our valuation. In October 2015, the Company issued common stock for services to unrelated parties and the common stock was valued at $0.20, therefore, the stock was valued at $0.20 or $2,000, was recorded. As of June 30, 2016, the stock was not issued therefore recorded as issuable. On April 8, 2016, Swiss Allied exercised a portion of a warrant for common stock into 400,000 shares of common stock of the Company in exchange for $24,000. As of June 30, 2016, the stock was not issued therefore recorded as issuable. On April 15, 2016, Bruce Perlowin converted the principal ($5,000) of his promissory note into 50,000 shares of common stock (see Note 6). On April 15, 2016, Bruce Perlowin converted the principal ($5,000) of his promissory note into 50,000 shares of common stock (see Note 6). On April 15, 2016, Svetlana Ogorodnikova converted the principal ($12,500) of her promissory note into 125,000 shares of common stock (see Note 6). On May 2, 2016, Freedom Leaf Iberia exercised a cashless conversion of its 1,000,000 warrants for common stock of the Company into 889,868 shares of common stock of the Company. As of June 30, 2016, the stock was not issued therefore recorded as issuable. On May 2, 2016, Freedomleaf Netherlands, b.v. exercised a cashless conversion of its 1,000,000 warrants for common stock of the Company into 889,868 shares of common stock of the Company. As of June 30, 2016, the stock was not issued therefore recorded as issuable. On May 25, 2016, Perry converted 68,401,200 shares of common stock into 684,012 shares of Series A preferred stock. See Note 5. On May 25, 2016, Cowan converted 26,401,000 shares of common stock into 264,010 shares of Series A preferred stock. See Note 5. On June 30, 2016, Cowan converted $225,892 of payables and accruals into 2,509,914 shares of common stock. The conversion was at a 50% discount or $0.09 per share. As of June 30, 2016, these shares had not been issued and were recorded as issuable. See Note 5. On June 30, 2016, the Company determined that on February 15, 2016, there was a duplicate issuance to an entity, as they were already issued on October 12, 2015. The Company cancelled 200,000 shares on June 30, 2016, thereby reducing the stock-based compensation previously recorded by $40,000. Warrants On November 2, 2015, the Company issued 1,000,000 warrants for common stock to Freedom Leaf Iberia, in regards to a contemplated future transaction between the Company and Freedom Leaf Iberia. The warrants mature on May 2, 2016. The exercise price is $0.02 and the warrant has a cashless exercise option. The warrants were valued at $0.20 per share, as defined in the section. The Company recorded an expense of $200,000. On May 2, 2016, Freedom Leaf Iberia exercised a cashless conversion of its 1,000,000 warrants for common stock of the Company into 889,868 shares of common stock of the Company. On November 2, 2015, the Company issued 1,000,000 warrants for common stock to Freedomleaf Netherlands, b.v., in regards to a contemplated future transaction between the Company and Freedomleaf Netherlands, b.v. The warrants mature on May 2, 2016. The exercise price is $0.02 and the warrant has a cashless exercise option. The warrants were valued at $0.20 per share, as defined in the section. The Company recorded an expense of $200,000. On May 2, 2016, Freedomleaf Netherlands, b.v. exercised a cashless conversion of its 1,000,000 warrants for common stock of the Company into 889,868 shares of common stock of the Company. On November 2, 2015, the Company issued 500,000 warrants for common stock to a subcontractor as an incentive to their services. The warrants mature on May 2, 2016. The exercise price is $0.02 and the warrant has a cashless exercise option. The warrants were valued at $0.20 per share, as defined in the section. The Company recorded an expense of $100,000. On February 2, 2016, Dobrucki exercised a warrant for 500,000 shares of common stock for $10,000, the exercise price of the warrants at $0.02 per share. As of March 31, 2016, the shares were not issued therefore they are recorded as issuable. On December 14, 2015, the Company executed a convertible promissory note for $100,000 with Swiss Allied (see Note 3). The Company issued Swiss Allied four warrants as an incentive to the note, each for 20,000,000 shares of the Company’s common stock, for a total of 80,000,000 warrants. Each warrant has an exercise price of $0.005 per share. The four warrants, each for 20,000,000 shares of common stock, mature on March 31, 2016, June 30, 2016, October 31, 2016, and December 31, 2016, respectively. The warrants, as an incentive to the note, should have a beneficial conversion feature. As the note’s beneficial conversion feature is at the maximum, there is no beneficial conversion feature to record. If Swiss Allied exercises all warrants, the Company would receive an additional $400,000 for said shares of common stock. If Swiss Allied does not exercise all 80,000,000 warrants, by the maturation dates, as described herein, the exercise price shall be adjusted to $0.06, an increase of $0.055 per share as a penalty, which is payable to the Company at the time Swiss Allied requests to have the Rule 144 restriction removed. The interest rate for each loan tranche is 8% and is accrued with a payment date of December 15, 2016 for the first tranche and January 15, 2017 for the second tranche. The conversion price for the $100,000, which may happen any time prior to December 14, 2016, shall be the greater of $0.03 or 50% of the lowest closing price on the primary trading market on which the Company’s common stock is quoted for the five trading days immediately prior to, but not including, the conversion date, assuming that Swiss Allied has not exercised all 80,000,000 warrants for common stock. The conversion price for the $100,000, assuming that Swiss Allied has exercised all 80,000,000 warrants for common stock, shall be $0.005 per share. Swiss Allied has a right of first refusal on any future funding to the Company. Swiss Allied has the right to name a party to serve as a member of the Company’s board of directors if Swiss Allied owns at least 40,000,000 shares of the Company’s common stock. If Swiss Allied owns at least 80,000,000 shares of the Company’s common stock, they have the right to name two parties to the Company’s board of directors. The two directors will remain as long as Swiss Allied owns 55,000,000 shares of the Company’s common stock. See Note 7 for amendment on the warrant that matured on March 31, 2016. Stock Option Plan On June 27, 2016, the Board of Directors approved the 2016 Stock Option Plan which has reserved 10,000,000 shares of common stock.

8. Income Tax

8. Income Tax	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax	For the fiscal year 2015 and 2014, there was no provision for income taxes and deferred tax assets have been entirely offset by valuation allowances. As of June 30, 2016 and 2015, the Company has net operating loss carry forwards of $3,195,067 and $986,649, respectively. The carry forwards expire through the year 2034. The Company’s net operating loss carry forwards may be subject to annual limitations, which could reduce or defer the utilization of the losses as a result of an ownership change as defined in Section 382 of the Internal Revenue Code. The Company’s tax expense differs from the “expected” tax expense for Federal income tax purposes (computed by applying the United States Federal tax rate of 34% to loss before taxes), as follows: For the Years Ended June 30, 2016 2015 Tax expense (benefit) at the statutory rate $ (1,056,037 ) $ (339,700 ) State income taxes, net of federal income tax benefit (15,766 ) (35,815 ) Change in valuation allowance 1,071,803 375,515 Total $ – $ – The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as deferred tax assets and liabilities. The tax years 2014 through 2016 remain to examination by federal agencies and other jurisdictions in which it operates. The tax effect of significant components of the Company’s deferred tax assets and liabilities at June 30, 2016 and 2015, respectively, are as follows: June 30, 2016 2015 Deferred tax assets: Net operating loss carryforward $ 1,071,797 $ 371,276 Timing differences 908,366 4,239 Total gross deferred tax assets 1,980,163 375,515 Less: Deferred tax asset valuation allowance (1,980,163 ) (375,515 ) Total net deferred tax assets – – Deferred tax liabilities: Depreciation – – Total deferred tax liabilities – – Total net deferred taxes $ – $ – In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Because of the historical earnings history of the Company, the net deferred tax assets for 2016 were fully offset by a 100% valuation allowance. The valuation allowance for the remaining net deferred tax assets was $1,980,163 and $375,515 as of June 30, 2016 and 2015, respectively.

9. Concentrations

9. Concentrations	12 Months Ended
	Jun. 30, 2016
Risks and Uncertainties [Abstract]
Concentrations	Concentration of Credit Risk Financial instruments, which potentially subject the Company to a concentration of credit risk, consist principally of temporary cash investments. The Company places its temporary cash investments with financial institutions insured by the FDIC. No amounts exceeded federally insured limits as of June 30, 2016. There have been no losses in these accounts through June 30, 2016. Concentration of Revenue In 2016, the Company had one customer that made up 12% or more of its revenue. In 2015, the Company had one customer that made up 12% or more of its revenue. Concentration of Supplier The Company does not rely on any particular suppliers for its services. Concentration of Intellectual Property The Company owns or has filed for the trademarks “Freedom Leaf,” “Hemp Inspired,” “Cannabizu,” and “Cannabiz” as filed with the United States Patent and Trademark Office. The Company has filed for “Freedom Leaf” in Jamaica and Uruguay.

10. Subsequent Events

10. Subsequent Events	12 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	On July 1, 2016, the Company hired an employee and, as a condition of the employment contract, the Company is obligated to issue 500,000 shares of common stock to the employee. The shares will be expensed accordingly. On July 19, 2016, the Company issued 100,000 shares of common stock to its transfer agent, Globex Transfer, LLC. On July 21, 2016, the Company issued 1,385,000 shares of previously issuable common stock.

1. Nature of Operations and S18

1. Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Freedom Leaf, Inc. (the “Company,” “we,” “us,” “our,” or “Freedom Leaf”) was incorporated in the State of Nevada on February 21, 2013, under the name of Arkadia International, Inc. The Company was originally engaged in the business of the acquisition of in demand equipment, cars, and goods with the intent to resale these in the U.S. territory or export to overseas countries. On October 3, 2014, the Company experienced a change in control. Richard C. Cowan acquired a majority of the issued and outstanding common stock of the Company in accordance with stock purchase agreements by and between Mr. Cowan and Vladimir and Galina Shekhtman (“Sellers”). On the closing date, October 3, 2014, pursuant to the terms of the Stock Purchase Agreement, Cowan purchased from the Sellers 6,950,100 shares of the Company’s outstanding restricted common stock for $100,000, representing 93%. On November 6, 2014, the Company merged with Freedom Leaf, Inc., a private Nevada corporation. The Company changed its name from Arkadia International, Inc., to Freedom Leaf, Inc. As a result of the merger, the private company was dissolved. See Note 2 for related discussion. For financial reporting purposes, the Share Exchange represents a "reverse merger" rather than a business combination and Private Company is deemed to be the accounting acquirer in the transaction. The Share Exchange is being accounted for as a reverse-merger and recapitalization. Private Company is the acquirer for financial reporting purposes and the Public Company (Freedom Leaf, Inc., f/k/a Arkadia International, Inc.) is the acquired company. Consequently, the assets and liabilities and the operations that will be reflected in the historical financial statements prior to the Share Exchange will be those of the Private Company and will be recorded at the historical cost basis of the Private Company, and the financial statements after completion of the Share Exchange will include the assets and liabilities of the Public Company and the Private Company, and the historical operations of Private Company and operations of both companies from the closing date of the Share Exchange.
Nature of Operations	Nature of Operations The Company is focused on being the premium national and international news source for the Cannabis/Industrial Hemp industry. Through our online and print media channels, our efforts are in dissemination of current legislation and legal news, arts and entertainment. Additional websites and online partnerships are in the development stage that will give the Freedom Leaf brand greater exposure. The Company generates revenue from paid advertising on both online and print publications as well as consulting fees and incubator fees for companies that want to participate in the Cannabis/Industrial Hemp industry. Another segment of income generation by the Company is brand management for both profit and non-profit organizations. An example is the contract with NORML which was entered into on May 26, 2015. This contract authorizes the Company to undertake all of the commercial activities of NORML, earning income for both the non-profit and the Company.
Basis of Presentation	Basis of Presentation The Company prepares its financial statements in conformity with generally accepted accounting principles in the United States of America.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates in the accompanying financial statements include the amortization period for intangible assets, valuation and impairment valuation of intangible assets, allowance for accounts receivable, depreciable lives of the web site, valuation of warrants and beneficial conversion feature debt discounts, valuation of derivatives, and valuation of share-based payments.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.
Property, Equipment and Depreciation	Property, Equipment and Depreciation Property and equipment is recorded at cost. Depreciation is computed using the straight-line method based on the estimated useful lives of the related assets of three years for computer equipment, five years for office furniture and fixtures, and the lesser of the lease term or the useful life of the leased equipment. Leasehold improvements, if any, would be amortized over the lesser of the lease term or the useful life of the improvements. Expenditures for maintenance and repairs along with fixed assets below our capitalization threshold are expensed as incurred.
Accounting for Derivatives	Accounting for Derivatives The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market 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 expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company accounts for long-lived assets in accordance with the provisions of Statement of Financial Accounting Standards ASC 360-10, “Accounting for the Impairment or Disposal of Long-Lived Assets”. This statement requires that long-lived assets and certain identifiable intangibles be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company measures its financial assets and liabilities in accordance with generally accepted accounting principles. For certain of our financial instruments, including cash, accounts payable, accrued expenses, deposits received from customers for layaway sales and short term loans the carrying amounts approximate fair value due to their short maturities. We follow accounting guidance for financial and non-financial assets and liabilities. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use. We currently measure and report at fair value our intangible assets (due to our impairment analysis) and derivative liabilities. The fair value of intangible assets has been determined using the present value of estimated future cash flows method. The fair value of derivative liabilities is measured using the Black-Scholes option pricing method. The following table summarizes our non-financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2016: Balance at Quoted Prices in Active Markets Significant Other Significant June 30, for Identical Observable Unobservable 2016 Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Assets: Trademarks $ 7,464 $ – $ – $ 7,464 Total Financial Assets $ 7,464 $ – $ – $ 7,464 Following is a summary of activity through June 30, 2016 of the fair value of intangible assets valued using Level 3 inputs: Accumulated Asset Amortization Net Intangibles - June 30, 2014 $ – $ – $ – Additions 4,913 – 4,913 Amortization – (169 ) (169 ) Intangibles - June 30, 2015 4,913 (169 ) 4,744 Additions 3,235 – 3,235 Amortization – (515 ) (515 ) Intangibles - June 30, 2016 $ 8,148 $ (684 ) $ 7,464
Stock-based Compensation	Stock-Based Compensation The Company accounts for stock-based instruments issued to employees in accordance with ASC Topic 718. ASC Topic 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity based compensation issued to employees. The value of the portion of an award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method. The Company accounts for non-employee share-based awards in accordance with the measurement and recognition provisions ASC Topic 505-50. The Company estimates the fair value of stock options at the grant date by using the Black-Scholes option-pricing model.
Advertising	Advertising Advertising is expensed as incurred and is included in selling, general and administrative expenses on the accompanying statement of operations. For the years ended June 30, 2016 and 2015 advertising expense was $18,335 and $65,250, respectively.
Income Taxes	Income Taxes The Company adopted the provisions of ASC 740-10, “Accounting for Uncertain Income Tax Positions.” When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are 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. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for unrecognized tax benefits. As of June 30, 2016, all previous tax years remain open for IRS audit. The Company has received no notice of audit from the IRS for any of the open tax years. The Company adopted ASC 740-10, “
Net Earnings (Loss) Per Share	Net Earnings (Loss) Per Share In accordance with ASC 260-10, “Earnings Per Share,” basic net earnings (loss) per common share is computed by dividing the net earnings (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share are computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period.
Segment Information	Segment Information In accordance with the provisions of ASC 280-10, “Disclosures about Segments of an Enterprise and Related Information”, the Company is required to report financial and descriptive information about its reportable operating segments. The Company does not have any operating segments as of June 30, 2016 and 2015.
Effect of Recent Accounting Pronouncements	Effect of Recent Accounting Pronouncements The Company reviews new accounting standards and updates as issued. No new standards or updates had any material effect on these unaudited financial statements. The accounting pronouncements and updates issued subsequent to the date of these audited financial statements that were considered significant by management were evaluated for the potential effect on these audited financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these audited financial statements as presented and does not anticipate the need for any future restatement of these audited financial statements because of the retro-active application of any accounting pronouncements issued subsequent to June 30, 2016 through the date these audited financial statements were issued.

1. Nature of Operations and S19

1. Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fair value of financial instruments	Balance at Quoted Prices in Active Markets Significant Other Significant June 30, for Identical Observable Unobservable 2016 Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Assets: Trademarks $ 7,464 $ – $ – $ 7,464 Total Financial Assets $ 7,464 $ – $ – $ 7,464
Intangible asset roll forward	Accumulated Asset Amortization Net Intangibles - June 30, 2014 $ – $ – $ – Additions 4,913 – 4,913 Amortization – (169 ) (169 ) Intangibles - June 30, 2015 4,913 (169 ) 4,744 Additions 3,235 – 3,235 Amortization – (515 ) (515 ) Intangibles - June 30, 2016 $ 8,148 $ (684 ) $ 7,464

4. Commitments and Contingenc20

4. Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Future minimum lease payments	2017 $ 23,928 2018 23,928 2019 18,943 Total $ 66,799

6. Convertible Notes Payable,21

6. Convertible Notes Payable, Net of Premiums and Notes Payable (Tables)	12 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of convertible notes	Convertible notes, net of discounts and notes payable June 30, 2016 Principal, Debt net of Principal Discounts Discounts Swiss Allied Trust, Inc. (a) $ 50,000 $ (24,794 ) $ 25,206 Swiss Allied Trust, Inc. (a) 50,000 (30,685 ) 19,315 Total $ 100,000 $ (55,479 ) $ 44,521 (a) Convertible

8. Income Tax (Tables)

8. Income Tax (Tables)	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income tax provision schedule	For the Years Ended June 30, 2016 2015 Tax expense (benefit) at the statutory rate $ (1,056,037 ) $ (339,700 ) State income taxes, net of federal income tax benefit (15,766 ) (35,815 ) Change in valuation allowance 1,071,803 375,515 Total $ – $ –
Schedule of deferred taxes	June 30, 2016 2015 Deferred tax assets: Net operating loss carryforward $ 1,071,797 $ 371,276 Timing differences 908,366 4,239 Total gross deferred tax assets 1,980,163 375,515 Less: Deferred tax asset valuation allowance (1,980,163 ) (375,515 ) Total net deferred tax assets – – Deferred tax liabilities: Depreciation – – Total deferred tax liabilities – – Total net deferred taxes $ – $ –

1. Nature of Operations (Detail

1. Nature of Operations (Details - Fair Value)	Jun. 30, 2016USD ($)
Assets:
Trademarks	$ 7,464
Total Financial Assets	7,464
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets:
Trademarks	0
Total Financial Assets	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Trademarks	0
Total Financial Assets	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Trademarks	7,464
Total Financial Assets	$ 7,464

1. Nature of Operations (Deta24

1. Nature of Operations (Details - Level 3) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Intangibles, beginning balance	$ 4,744	$ 0
Additions	3,235	4,913
Amortization	(515)	(169)
Intangibles, ending balance	$ 7,464	$ 4,744

1. Nature of Operations (Deta25

1. Nature of Operations (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Advertising expense	$ 18,335	$ 65,250

3. Going Concern (Details Narra

3. Going Concern (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Going Concern
Net loss	$ (3,011,220)	$ (999,118)
Net cash used in operating activities	(50,831)	(944,352)
Working capital	(169,188)
Stockholders' deficit	(284,390)	(230,807)	$ 0
Accumulated deficit	$ (4,010,338)	$ (999,118)

4. Commitments and Contingenc27

4. Commitments and Contingencies (Details)	Jun. 30, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 23,928
2,018	23,928
2,019	18,943
Total	$ 66,799

4. Commitments and Contingenc28

4. Commitments and Contingencies (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 33,919	$ 22,172

5. Related Parties (Details Nar

5. Related Parties (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Accounts payable to related parties	$ 10,000	$ 27,466
Cowan
Due to related parties	$ 100,000	194,355
Conversion of common stock into preferred stock, preferred stock shares issued	264,010
Conversion of common stock into preferred stock, common shares converted	26,401,000
Accounts payable converted into common shares, amount converted	$ 225,892
Accounts payable converted into common shares, shares to be issued	2,509,914
Perry
Due to related parties	$ 26,250	26,666
Conversion of common stock into preferred stock, preferred stock shares issued	684,012
Conversion of common stock into preferred stock, common shares converted	68,401,200
Medeiros [Member]
Due to related parties	$ 10,500	$ 0
Shareholder [Member]
Accounts payable to related parties	$ 10,000

6. Convertible Notes Payable,30

6. Convertible Notes Payable, Net of Premiums and Notes Payable (Details)	Jun. 30, 2016USD ($)
Swill Allied Trust Convertible Note [Member]
Principal	$ 50,000
Debt discounts	(24,794)
Principal, net of discounts	25,206
Swill Allied Trust Convertible Note 2 [Member]
Principal	50,000
Debt discounts	(30,685)
Principal, net of discounts	19,315
Convertible Notes Payable [Member]
Principal	100,000
Debt discounts	(55,479)
Principal, net of discounts	$ 44,521

6. Convertible Notes Payable,31

6. Convertible Notes Payable, Net of Premiums and Notes Payable (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Beneficial conversion feature	$ (290,174)	$ 0
Stock issued on conversion of debt, debt converted	471,775	0
Proceeds from warrants exercised	$ 34,000	$ 0
Perlowin [Member]
Stock issued on conversion of debt, shares issued	100,000
Stock issued on conversion of debt, debt converted	$ 10,000
Ogorodnikova [Member]
Stock issued on conversion of debt, shares issued	125,000
Stock issued on conversion of debt, debt converted	$ 12,500
Convertible Debt [Member] | Perlowin [Member]
Debt issuance date	Jul. 7, 2015
Debt face value	$ 5,000
Debt interest rate	12.00%
Convertible rate	10.00%
Beneficial conversion feature	$ 3,671
Amortization of beneficial conversion feature	3,671
Accrued interest	$ 467
Stock issued on conversion of debt, shares issued	50,000
Stock issued on conversion of debt, debt converted	$ 5,000
Convertible Debt [Member] | Ogorodnikova [Member]
Debt issuance date	Aug. 20, 2015
Debt face value	$ 12,500
Debt interest rate	12.00%
Convertible rate	10.00%
Beneficial conversion feature	$ 12,500
Amortization of beneficial conversion feature	12,500
Accrued interest	$ 986
Stock issued on conversion of debt, shares issued	125,000
Stock issued on conversion of debt, debt converted	$ 12,500
Convertible Debt [Member] | Swill Allied Trust [Member]
Debt issuance date	Dec. 14, 2015
Debt face value	$ 100,000
Proceeds from warrants exercised	24,000
Convertible Debt [Member] | Swill Allied Trust Convertible Note [Member]
Beneficial conversion feature	50,000
Amortization of beneficial conversion feature	14,795
Accrued interest	$ 1,195
Stock issued on conversion of debt, shares issued	4,800,000
Warrants issued	40,000,000
Warrant exercise price	$ .005
Proceeds from warrants exercised	$ 24,000
Convertible Debt [Member] | Swill Allied Trust Convertible Note 2 [Member]
Beneficial conversion feature	50,000
Amortization of beneficial conversion feature	8,904
Accrued interest	$ 1,195
Warrants issued	40,000,000
Warrant exercise price	$ .005
Convertible Debt 2 [Member] | Perlowin [Member]
Debt issuance date	Aug. 12, 2015
Debt face value	$ 5,000
Debt interest rate	12.00%
Convertible rate	10.00%
Beneficial conversion feature	$ 3,178
Amortization of beneficial conversion feature	3,178
Accrued interest	$ 408
Stock issued on conversion of debt, shares issued	50,000
Stock issued on conversion of debt, debt converted	$ 5,000

7. Stockholders' Equity (Detail

7. Stockholders' Equity (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Stock issued for services, value	$ 1,929,000	$ 12,500
Proceeds from warrants exercised	34,000	0
Stock issued on conversion of debt, debt converted	$ 471,775	$ 0
Stock cancelled, shares	200,000
Stock cancelled, value	$ 40,000
Perry
Conversion of common stock into preferred stock, preferred stock shares issued	684,012
Conversion of common stock into preferred stock, common shares converted	68,401,200
Perry | Common Stock [Member]
Date of transaction	May 25, 2016
Conversion of common stock into preferred stock, common shares converted	68,401,200
Perry | Preferred Stock [Member]
Date of transaction	May 25, 2016
Conversion of common stock into preferred stock, preferred stock shares issued	684,012
Cowan
Date of transaction	Jun. 30, 2016
Conversion of common stock into preferred stock, preferred stock shares issued	264,010
Conversion of common stock into preferred stock, common shares converted	26,401,000
Accounts payable converted into common shares, amount converted	$ 225,892
Accounts payable converted into common shares, shares to be issued	2,509,914
Cowan | Common Stock [Member]
Date of transaction	May 25, 2016
Conversion of common stock into preferred stock, common shares converted	26,401,000
Cowan | Preferred Stock [Member]
Date of transaction	May 25, 2016
Conversion of common stock into preferred stock, preferred stock shares issued	264,010
Medeiros [Member]
Date of transaction	Oct. 12, 2015
Stock issued for services, shares	2,000,000
Stock issued for services, value	$ 400,000
Medeiros [Member] | Future Services [Member]
Date of transaction	Oct. 12, 2015
Stock issued for services, shares	3,000,000
Stock issued for services, value	$ 600,000
Employees [Member]
Date of transaction	Oct. 12, 2015
Stock issued for compensation, shares	1,700,000
Stock issued for compensation, value	$ 340,000
Various Subcontractors [Member]
Date of transaction	Oct. 12, 2015
Stock issued for services, shares	2,010,000
Stock issued for services, value	$ 402,000
Unrelated Parties [Member]
Date of transaction	Oct. 31, 2015
Stock issued for services, shares	50,000
Stock issued for services, value	$ 10,000
Various Subcontractors [Member]
Date of transaction	Nov. 2, 2015
Stock issued for services, shares	125,000
Dobrucki [Member]
Date of transaction	Feb. 2, 2016
Warrant exercised, common shares issued	500,000
Proceeds from warrants exercised	$ 10,000
Various Subcontractors [Member]
Date of transaction	Feb. 15, 2016
Stock issued for services, shares	750,000
Stock issued for services, value	$ 150,000
Employee [Member]
Date of transaction	Feb. 15, 2016
Stock issued for services, shares	50,000
Stock issued for services, value	$ 10,000
Various Subcontractors [Member]
Date of transaction	Feb. 24, 2016
Stock issued for services, shares	100,000
Stock issued for services, value	$ 20,000
Various Subcontractors [Member]
Date of transaction	Mar. 17, 2016
Stock issued for services, shares	50,000
Employee [Member] | Common Stock to be Issued [Member]
Date of transaction	Mar. 18, 2016
Stock issued for services, shares	10,000
Stock issued for services, value	$ 2,000
Swill Allied Trust [Member] | Convertible Debt [Member]
Date of transaction	Apr. 8, 2016
Warrant exercised, common shares issued	400,000
Proceeds from warrants exercised	$ 24,000
Perlowin [Member]
Date of transaction	Apr. 15, 2016
Stock issued on conversion of debt, shares issued	100,000
Stock issued on conversion of debt, debt converted	$ 10,000
Perlowin [Member] | Convertible Debt [Member]
Stock issued on conversion of debt, shares issued	50,000
Stock issued on conversion of debt, debt converted	$ 5,000
Ogorodnikova [Member]
Date of transaction	Apr. 15, 2016
Stock issued on conversion of debt, shares issued	125,000
Stock issued on conversion of debt, debt converted	$ 12,500
Ogorodnikova [Member] | Convertible Debt [Member]
Stock issued on conversion of debt, shares issued	125,000
Stock issued on conversion of debt, debt converted	$ 12,500
Freedom Leaf Iberia [Member] | Common Stock to be Issued [Member]
Date of transaction	May 2, 2016
Warrants converted	1,000,000
Shares issued upon warrant conversion	889,868
Freedomleaf Netherlands [Member] | Common Stock to be Issued [Member]
Date of transaction	May 2, 2016
Warrants converted	1,000,000
Shares issued upon warrant conversion	889,868

8. Income Tax (Details - Tax ex

8. Income Tax (Details - Tax expense) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Tax expense (benefit) at the statutory rate	$ (1,058,037)	$ (339,700)
State income taxes, net of federal income tax benefit	(15,766)	(35,815)
Change in valuation allowance	1,017,803	375,515
Total	$ 0	$ 0

8. Income Tax (Details - Deferr

8. Income Tax (Details - Deferred tax assets) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Deferred tax assets:
Net operating loss carryforward	$ 1,071,797	$ 371,276
Timing differences	908,366	4,239
Total gross deferred tax assets	1,980,163	375,515
Less: Deferred tax asset valuation allowance	(1,980,163)	(375,515)
Total net deferred tax assets	0	0
Deferred tax liabilities:
Depreciation	0	0
Total deferred tax liabilities	0	0
Total net deferred taxes	$ 0	$ 0

8. Income Tax (Details Narrativ

8. Income Tax (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ 1,980,163	$ 375,515
Loss carryforward expiration date	Dec. 31, 2034
Federal income tax rate	34.00%

9. Concentrations (Details Narr

9. Concentrations (Details Narrative)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Revenues [Member]
Concentration risk percentage	12.00%	12.00%