Pulse Evolution (PLFX) 10-K 20 May 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Apr. 29, 2016	Dec. 31, 2014
Document And Entity Information
Entity Registrant Name	Pulse Evolution Corp
Entity Central Index Key	1,583,138
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 162,677,000
Entity Common Stock, Shares Outstanding		149,913,343
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Cash	$ 899,174	$ 1,539,719
Prepaid legal fees	54,526	134,675
Prepaid deposits and other assets	86,673	70,023
Total current assets	1,040,373	1,744,417
Property and equipment, net	43,169	$ 22,886
Intangible assets and other assets, net	1,946,817
Total assets	3,030,359	$ 1,767,303
Current liabilities:
Accounts payable	1,243,351	341,055
Accrued expenses	1,663,110	$ 676,520
Related party note payable	230,000
Total liabilities	3,136,461	$ 1,017,575
Redeemable common stock, $0.001 par value, 3,800,000 and 0 issued and outstanding at June 30, 2015 and 2014, respectively	1,350,000
Shareholders' equity (deficit):
Series A Convertible Preferred stock, 100,000,000 shares authorized at par value of $0.001 per share, 18,848,184 and 0 issued and outstanding at June 30, 2015 and 2014, respectively	18,848
Common stock, 300,000,000 shares authorized at par value of $0.001 per share, 131,758,682 and 109,627,349 issued and outstanding at June 30, 2015 and 2014, respectively	131,758	$ 109,627
Subscription receivable	(1,253)	(153,276)
Additional paid in capital	19,745,217	9,116,789
Accumulated deficit	(21,336,956)	(8,465,066)
Total Pulse Evolution Corporation equity (deficit)	(1,442,386)	608,074
Noncontrolling interests	(13,716)	141,654
Total shareholders' equity (deficit)	(1,456,102)	749,728
Total liabilities and shareholders' equity (deficit)	$ 3,030,359	$ 1,767,303

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Jun. 30, 2014
Statement of Financial Position [Abstract]
Redeemable common stock, par value	$ 0.001	$ 0.001
Redeemable common stock, issued	3,800,000	0
Redeemable common stock, outstanding	3,800,000	0
Series A Convertible Preferred stock, shares authorized	100,000,000	100,000,000
Series A Convertible Preferred stock, par value	$ 0.001	$ 0.001
Series A Convertible Preferred stock, shares issued	18,848,184	0
Series A Convertible Preferred stock, shares outstanding	18,848,184	0
Common stock, shares authorized	300,000,000	300,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	131,758,682	109,627,349
Common stock, shares outstanding	131,758,682	109,627,349

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2015
Statement of Operations
Revenues	$ 1,451,534	$ 88,151
Costs and expenses	9,774,946	13,115,411
Net operating loss	(8,323,412)	(13,027,260)
Loss before income taxes	$ (8,323,412)	$ (13,027,260)
Income tax expense
Net loss	$ (8,323,412)	$ (13,027,260)
Net (loss) income attributable to non-controlling interests		(795,762)
Net loss attributable to common shareholders	$ (8,323,412)	$ (12,231,498)
Basic and Diluted loss per share attributable to Pulse Evolution Corporation common shareholders	$ (0.08)	$ (0.10)
Weighted average number of common shares outstanding:
Basic and Diluted	100,135,655	127,879,760

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)	Series A Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Subscription Receivable [Member]	Noncontrolling Interest [Member]	Accumulated Deficit [Member]	Total
Balance at Oct. 09, 2013
Balance, shares at Oct. 09, 2013
Issuance of Common Stock at inception		$ 1,252		$ (1,252)
Issuance of Common Stock at inception, shares		12,520,000
Conversion of convertible securities		$ 173	$ 2,794,762				$ 2,794,935
Conversion of convertible securities, shares		1,734,104
Common Stock issued for cash		$ 413	5,068,201	$ (152,024)			4,916,590
Common Stock issued for cash, shares		4,127,696
Common Stock issued for services		$ 315	1,428,339				1,428,654
Common Stock issued for services, shares		3,153,452
Acquisition of Tradition Studios IP			(67,039)				$ (67,039)
Add original Evolution Shares		$ 73,800	(73,800)
Add original Evolution Shares, shares		73,800,040
Adjust for reverse merger (shares)		$ (46,618)	$ 46,618
Adjust for reverse merger (shares), shares		14,292,057
Adjust for reverse merger (non-controlling)					$ 141,654	$ (141,654)
Adjustment for common stock		$ 80,292	$ (80,292)
Net loss						$ (8,323,412)	$ (8,323,412)
Balance at Jun. 30, 2014		$ 109,627	$ 9,116,789	$ (153,276)	$ 141,654	$ (8,465,066)	749,728
Balance, shares at Jun. 30, 2014		109,627,349
Common Stock issued for cash		$ 9,691	5,049,617				5,059,308
Common Stock issued for cash, shares		9,691,185
Common shares issued for services and repayment of accounts payable		$ 2,952	$ 1,359,323				1,362,275
Common shares issued for services and repayment of accounts payable, shares		2,952,320
Subscription receivable payout				$ 152,023			152,023
Acquisition of Pulse Evolution			$ (9,311)				(9,311)
Warrants issued for licensing rights			476,000				476,000
Preferred shares issued for cash	$ 6,000		$ 3,712,613				$ 3,718,613
Preferred shares issued for cash, shares	6,000,000
Common shares exchanged for preferred	$ 12,848	$ (12,848)
Common shares exchanged for preferred, shares	12,848,184	(12,848,184)
Stock compensation expense			$ 62,522				$ 62,522
Adjustment for Share Exchange		$ 22,336	$ (22,336)		$ 640,392	$ (640,392)
Adjustment for Share Exchange, shares		22,336,012
Net loss					(795,762)	(12,231,498)	(13,027,260)
Balance at Jun. 30, 2015	$ 18,848	$ 131,758	$ 19,745,217	$ (1,253)	$ (13,716)	$ (21,336,956)	$ (1,456,102)
Balance, shares at Jun. 30, 2015	18,848,184	131,758,682

Consolidated Statements of Sto6

Consolidated Statements of Stockholders' Equity (Deficit) (Parenthetical) - $ / shares	Jun. 30, 2015	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Series A Convertible Preferred stock, par value	$ 0.001	$ 0.001
Common stock, par value	$ 0.001	$ 0.001

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2015
Cash flows from operating activities
Net loss	$ (8,323,412)	$ (13,027,260)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	980	388,324
Share-based compensation expense	$ 1,428,639	905,625
Amortization of stock options		62,521
Non cash interest expense in notes payable		50,000
Changes in operating assets and liabilities:
Prepaid legal fees		80,149
Prepaid deposits and other assets	$ (204,698)	481,100
Purchase of licensing rights		(1,000,000)
Accounts payable	$ 341,055	1,349,638
Accrued expenses	595,420	986,590
Net cash used in operating activities	(6,162,016)	(9,723,313)
Cash flows from investing activities:
Purchase of property and equipment	(9,805)	(27,174)
Net cash used in investing activities:	(9,805)	(27,174)
Cash flows from financing activities:
Net proceeds from sales of common stock	$ 4,916,590	5,211,331
Net proceeds from sales of preferred stock		$ 3,718,611
Net proceeds from the sale of convertible securities	$ 2,794,950
Proceeds of related party note payable		$ 250,000
Repayments of related party note payable		(70,000)
Net cash provided by financing activities:	$ 7,711,540	9,109,942
Net increase/(decrease) in cash and cash equivalents	$ 1,539,719	(640,545)
Cash and cash equivalents, beginning of period		1,539,719
Cash and cash equivalents, end of period	$ 1,539,719	899,174
Supplement cash flow information:
Payment of payable in common stock		456,653
Warrants issued to acquire licensing rights		476,000
Issuance of redeemable common stock for licensing rights		$ 1,350,000
Subscription receivable	$ 153,276
Contribution of fixed assets from related party	14,060
Assumption of liabilities from related party	$ 81,100

Basis of Presentation and Busin

Basis of Presentation and Business Description	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation and Business Description	NOTE 1. BASIS OF PRESENTATION AND BUSINESS DESCRIPTION Nature of Business Pulse Evolution Corporation was incorporated on May 31, 2013, under the laws of the State of Nevada under the name QurApps, Inc., initially announcing plans to develop software applications for mobile devices. In anticipation of a change of control transaction, which closed on May 15, 2014, the Company changed its name to Pulse Evolution Corporation effective May 8, 2014. We are a market leader in the emerging virtual human likeness space, and the foremost developer of hyper-realistic digital humans – computer generated assets that appear to be human and can perform in live shows, virtual reality, augmented reality, holographic, 3D stereoscopic, web, mobile, interactive and artificial intelligence applications. We believe that digital humans will be ubiquitous in society, culture and industry. In the last decade, hyper-realistic digital humans have performed in movies such as The Curious Case of Benjamin Button or on stage such as the virtual performance of a digital Tupac Shakur at the Coachella Valley Music Festival. We expect that, in years to come, digital humans will not only perform for audiences on stage and in film, but they will also represent individual consumers as digital likeness avatars, in realistic and fantasy form, appearing and interacting on the consumer’s behalf in electronic and mobile communication, social media, video game, virtual reality, and augmented reality. The Company’s long-term goal is to be the ‘face’ of artificial intelligence, to provide a human form to interactive artificially intelligent computer beings that will be common in society, providing useful information and services to people in diverse industries, such as education, health care, telecommunications, defense, transportation and entertainment. Our leadership team is currently focused on applications of digital humans in entertainment. We believe the entertainment industry provides us with attractive near-term opportunities to put digital humans to work in proven performance-oriented business models, while also allowing us to use the visibility of our globally recognized celebrities to showcase our digital human technologies and their applications across other industries. Accordingly, our current business plan is to generate revenues from our digital human representations of three of the world’s best-known late celebrities – Michael Jackson, Elvis Presley and Marilyn Monroe – in full length entertainment experiences, brand marketing events and digital products. Acquisition of Pulse Entertainment In May 2014, the Company signed a letter of intent to exchange at least a majority of its unissued shares of common stock for 100% of the outstanding common stock of Pulse Entertainment Corporation, a related party. The Company entered into a share exchange agreement on September 26, 2014 (the “Share Exchange Agreement”) with Pulse Entertainment in which the Company agreed to issue up to 58,362,708 shares of its unregistered common stock, $0.001 par value (the “Common Stock”) to the shareholders of Pulse Entertainment holding 21,535,252 shares of its issued and outstanding common stock (the “Share Exchange”), such shares representing 100% of the issued and outstanding common stock of Pulse Entertainment. On September 30, 2014, the Company completed the initial closing under the Share Exchange Agreement pursuant to which it agreed to issue 35,827,309 shares of its unregistered Common Stock, net of cancellations, to the shareholders of Pulse Entertainment in exchange for 17,466,383 shares of its common stock. During the quarter ended December 31, 2014, the Company exchanged additional shares under the Share Exchange Agreement pursuant to which it agreed to issue 15,135,973 shares of its unregistered Common Stock, net of cancellations, to the shareholders of Pulse Entertainment in exchange for 2,732,869 shares of its common stock. As part of the Share Exchange, certain of the Company’s shareholders who are also shareholders of Pulse Entertainment canceled 60,910,113 shares of the Company’s common stock previously issued to them in connection with the Share Exchange. The remaining 1,336,000 shares of Pulse Entertainment common stock were exchanged in June 2015 and July 2015 by the Pulse Entertainment Shareholders pursuant to the Share Exchange Agreement for 7,399,426 shares of the Company’s unregistered common stock. In July 2015, Pulse Entertainment became a wholly owned subsidiary of the Company. Recapitalization The Company’s acquisition of Pulse Entertainment was accounted for as a recapitalization of Pulse Entertainment since the shareholders of Pulse Entertainment obtained voting and managing control of the Company. Pulse Entertainment was the acquirer for financial reporting purposes and Pulse Evolution was the acquired company. Consequently, the consolidated financial statements after completion of the acquisition include the assets and liabilities of both Pulse Evolution and Pulse Entertainment, the historical operations of Pulse Entertainment and their consolidated operations from the September 30, 2014 closing date of the acquisition. Pulse Entertainment retroactively applied its recapitalization pursuant to the terms of the Share Exchange Agreement for all periods presented in the accompanying consolidated financial statements for the year ended June 30, 2015 and for the period from October 10, 2013 (inception) through June 30, 2014. Because Pulse Entertainment is the acquirer for financial reporting purposes, comparative prior year data is presented for the period from October 10, 2013 through June 30, 2014 due to Pulse Entertainment’s incorporation occurring on October 10, 2013 in the state of Delaware. Liquidity During the year and subsequent to the year end, the company raised significant core capital in order to support the ongoing development of the core digital human technology and also to create the digital likeness of Michael Jackson, Elvis Presley and Marilyn Monroe in anticipation of starting full production of theatrical shows, music concerts and other events. The Company broadly consists of a Core operations, management and administration team and In-House Production Talent. Upon commencement of production of a specific concert or theatrical show, the In-House Production Talent team would be required to provide animation services related to the performance of the primary celebrity character, such services to be funded by a show-specific production entity that would likely be managed by the Company and funded materially by third-party entertainment production investors. While we intend to fund an initial portion of production costs of a show from internal sources, we expect a large portion of these costs to be funded by such third parties, including affiliated production companies, associated celebrity estates, corporate sponsors and other entertainment finance vehicles. We do not, however, currently have any such funding or financing arrangements currently in place. Our ability to fund our In-House Production Talent and meet our obligations on a timely basis relies on our ability to raise funds for the productions. If we are unable to successfully raise sufficient production capital through future debt and equity financings or strategic and collaborative ventures with potential partners, we would likely have to reduce our dependence on In-house Production Talent and limit many, if not all, of our activities as a producer. We have raised approximately $16.9 million of core development capital from inception through June 30, 2015. Our plan to develop, produce and operate full scale productions will require significant direct funding, similar to that of a mid-sized theatrical show. Until we secure production capital and generate revenues, the company will continue to rely on raising capital to support the development of technology and digital likenesses of its portfolio of celebrities. We believe that full scale shows will require in excess of $25m of development and operating financing and we plan to fund each of our productions within a production entity, similar to the structure used by movie studios. Subsequent to the year end, the Company sourced several short term bridge loans and equity investments, as detailed in note 12 (Subsequent Events). Notably, in January 2016, we secured a $10m equity investment from Original Force and U9. We have analyzed its liquidity requirements and have determined that we have sufficient liquidity to execute our business plan Model for the 12 months from the balance sheet date, and beyond that the Company will need to raise production funds to support the launch of our shows and for corporate operations. Basis of Presentation and Consolidation The accompanying consolidated financial statements include the accounts of Pulse Evolution Corporation, its majority owned subsidiary Pulse Entertainment Corporation. The company has created various wholly owned subsidiaries, including The Kopp Initiative, LLC, Pulse Digital Human Labs, Pulse Japan and Pulse Biologic, all of which had no activity during the year. All significant intercompany accounts and transactions have been eliminated in consolidation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Reclassifications The accompanying consolidated financial statements include certain reclassifications of amounts in the June 30, 2014 financial statements in order to conform to the June 30, 2015 presentation. There were no changes to total assets, total liabilities or total stockholders’ equity. Use of Estimates The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, the Company evaluates its estimates based on experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. At June 30, 2015 and 2014, the Company’s cash balances may exceed the current insured amounts under the Federal Deposit Insurance Corporation. Allowance for Doubtful Accounts The Company maintains a policy to record allowances for doubtful accounts for estimated losses resulting from the inability of its customers, lenders or investors to make required payments. If the financial conditions of these customers were to deteriorate and impair their ability to make payments, additional allowances may be required. No allowance for doubtful accounts was necessary at June 30, 2015 and 2014. Prepaid and Other Assets The Company had paid a launch fee of $1,000,000 for the multiyear agreement with ABG, as described in Note 4 Intangible and Other Assets. In April 2015 this agreement was amended to reduce the launch fee to $500,000 and use the remaining payment made by the Company to fund the $500,000 service contract when expenses are incurred. The entire balance was expensed as of June 30, 2015. Intangible Assets Definite-lived intangibles, which are made up of license agreements as described in Note 4 Intangible and Other Assets, are amortized on a straight-line basis over their useful lives. The Company reviews the intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. As of June 30, 2015, the Company has determined that there is no impairment of the intangible assets. Revenue Recognition For Production Services, revenue is recognized over each contract period based on percentage of work completed. As the production services are rendered, revenue is recognized. Production Costs Production costs consist primarily of amounts due to third-party providers that the Company uses to help create and deliver the Company’s digital and live performance productions. Property and Equipment Property and equipment are stated at cost, less accumulated depreciation. Depreciation is provided on a straightline basis over the estimated useful life of the related asset. Computers are depreciated over five years. Furniture and fixtures are depreciated over seven years. Segment Reporting The Company currently operates in only one segment. Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurements and Disclosures, establishes a three level fair value hierarchy that requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs used to measure fair value are as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data and require the reporting entity to develop its own assumptions. The carrying amount of prepaid expenses, subscriptions receivable, accounts payable, and accrued expenses approximates fair value due to the short-term nature of these instruments. Income Taxes The Company utilizes the asset and liability method of accounting for deferred income taxes. Under this method, deferred tax liabilities and assets are recognized for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. A valuation allowance is established against deferred tax assets because, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company’s policy is to record interest and penalties on uncertain tax positions as income tax expense. As of June 30, 2015 and 2014, the Company does not believe any material uncertain tax positions are present. Accordingly, interest and penalties have not been accrued due to an uncertain tax position and the fact the Company has reported tax losses since inception. Stock based Compensation Accounting Standard Codification (“ASC”) 718, “Compensation: Stock Compensation” requires recognition in the financial statements of the cost of employee services received in exchange for an award of equity instruments over the period the employee is required to perform the services in exchange for the award (presumptively the vesting period). The Company measures the cost of employee services received in exchange for an award based on the grant date fair value of the award. The Company accounts for nonemployee share based awards based upon ASC 505-50, “Equity Based Payments to Non Employees.” ASC 505-50 requires the costs of goods and services received in exchange for an award of equity instruments to be recognized using the fair value of the goods and services or the fair value of the equity award, whichever is more reliably measurable. The fair value of the equity award is determined on the measurement date, which is the earlier of the date that a performance commitment is reached or the date that performance is complete. Generally, the Company’s awards do not entail performance commitments. When an award vests over time such that performance occurs over multiple reporting periods, the Company estimates the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date. When the award vests, the Company adjusts the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the vesting date, which is presumed to be the date performance is complete. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most of the existing revenue recognition guidance, including industry-specific guidance. The core principle of ASU 2014-09 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying the new guidance, an entity will (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the contract’s performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB Accounting Standards Codification. Entities have the option of using either a full retrospective or modified approach to adopt ASU 2014-09. In July 2015, the FASB issued ASU 2015-14, which delayed the effective date of ASU 2014-09. As a result, this guidance will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently evaluating the new guidance, and has not determined the impact this standard may have on the financial statements, nor decided upon the method of adoption. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). ASU 2014-15 will explicitly require management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosure in certain circumstances. The new standard will be effective for all entities in the first annual period ending after December 15, 2016. Earlier adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2014-15. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 840) (“ASU 2016-02”). The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, and annual and interim periods thereafter, with early adoption permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the impact this standard will have on its financial statements.

Property & Equipment

Property & Equipment	12 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property & Equipment	NOTE 3. PROPERTY & EQUIPMENT Property and equipment as of June 30, 2015 and June 30, 2014 consist of the following: June 30, 2015 June 30, 2014 Useful Life Computers and other equipment $ 3,900 $ 5,207 5 years Furniture and fixtures 47,355 18,659 7 years Total property and equipment, cost 51,255 23,866 Less accumulated depreciation (8,086 ) (980 ) Total property and equipment, net $ 43,169 $ 22,886 The range of estimated useful lives for property and equipment at June 30, 2015, and June 30, 2014 was five to seven years. Depreciation expense on property and equipment totaled $7,106 and $980 for the year ended June 30, 2015 and the period from October 10, 2013 (inception) through June 30, 2014, respectively.

Intangible and Other Assets

Intangible and Other Assets	12 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible and Other Assets	NOTE 4. INTANGIBLE AND OTHER ASSETS In August 2014, the Company entered into a multiyear agreement with ABG to develop for ABG, entertainment projects to utilize a realistic computer generated image of Elvis Presley. The likeness will be used to create entertainment and branding revenue opportunities for the Company, generated from holographic performances in live shows and commercials. There was a launch fee valued at $500,000 paid for in cash and an additional warrant issued. The warrant was valued based on the fair value at the time of issuance using the Black Scholes option pricing model. The Company determines the fair value of its financial instruments using the Black Scholes option pricing model and utilized the following assumptions for determination of the fair value of its financial instrument as of the following: August 2014 Number of shares 2,800,000 Fair value of warrant $ 476,000 Term in years 1.61 Risk free interest rate 3.4 % Volatility 76.63 % Dividend rate 0.00 % The initial value has been capitalized and is being amortized over the length of the agreement. At June 30, 2015, forty-nine months remain unamortized on the agreement. The net value of the intangible asset is $797,067 at June 30, 2015. In October 2014, the Company entered into a multiyear agreement with the Estate of Marilyn Monroe, LLC (“the Monroe Estate”) to develop for the Monroe Estate entertainment projects to utilize a realistic computer generated image of Marilyn Monroe. The likeness will be used to create entertainment and branding revenue opportunities for the Company, generated from holographic performances in live shows and commercials. The Monroe Estate holds the likeness, appearance, and publicity rights of Marilyn Monroe. Under the terms of the agreement, the Company issued 2,800,000 shares of common stock to the Monroe Estate. On March 31, 2015, the Company issued an additional 1,000,000 shares to the Monroe Estate for a total of 3,800,000 shares issued. The initial value has been capitalized and is being amortized over the length of the agreement. At June 30, 2015, fifty-one months remain unamortized on the agreement. The net value of the intangible asset is $1,147,500 at June 30, 2015. Additionally, the Company’s amended agreement, effective March 31, 2015, with the Monroe Estate included a provision where the Company was to cause the 3,800,000 shares issued to be registered by a specified date. If this did not occur, the Company would be liable to the Monroe Estate for $1,350,000 in order to pay them back for the shares issued. The balance sheet reflects the redemption value that the Company may be required to pay should the Monroe Estate choose to exercise its redemption rights.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accrued Liabilities	NOTE 5. ACCRUED LIABILITIES Accrued liabilities as of June 30, 2015 and June 30, 2014 consist of the following: June 30, 2015 June 30, 2014 Payroll and payroll related liabilities $ 678,791 $ 132,732 Due to advisor 75,000 456,653 Shares to be issued for services 456,101 - Legal settlement accrual 450,000 - Other accrued expenses 3,218 87,135 Total accrued expenses $ 1,663,110 $ 676,520

Non-controlling Interests

Non-controlling Interests	12 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Non-controlling Interests	NOTE 6. NON-CONTROLLING INTERESTS Changes in the non-controlling interest amounts of our subsidiaries for the year ended June 30, 2015 were as follows: Balance at June 30, 2014 $ 141,654 Adjust for Share Exchange 640,392 Net loss attributable to non-controlling interests (795,762 ) Balance at June 30, 2015 $ (13,716 ) During the year ended June 30, 2015, the Company’s subsidiary Pulse Entertainment realized a net loss of $8,957,976. Pursuant to the requirements under FASB ASC Topic 810, Consolidation, the Company allocates Pulse Entertainment’s earnings to non-controlling interests based on the percentage of common stock of Pulse Entertainment not owned by the Company. Intercompany transactions are eliminated in consolidation but impact the net earnings of each of the respective entities and as such affect amounts allocated to non-controlling interests. During the year ended June 30, 2015, the Company completed additional closings under the Share Exchange Agreement pursuant to which it agreed to issue 58,163,322 shares of its unregistered Common Stock, net of cancellations, to the shareholders of Pulse Entertainment in exchange for 21,499,252 shares of its common stock. The Pulse Entertainment’s net loss allocated to non- controlling interests were $795,762 for the year ended June 30, 2015. Subsequent to June 30, 2015, the remaining non-controlling shares in Pulse Entertainment were exchanged for Pulse Evolution shares and Pulse Entertainment became a wholly owned subsidiary of Pulse Evolution.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 7. COMMITMENTS AND CONTINGENCIES Operating Leases The Company leases office space in Florida under a non-cancellable operating lease with an expiration date of March 31, 2015. The Company negotiated a month to month lease commencing on March 1, 2015. The monthly lease expense through March 1, 2015 was approximately $12,000. Beginning on March 1, 2015, the negotiated rate is $6,000 each month. The Company also leases office space on a month to month basis for its production operations. Monthly lease expense is approximately $7,300. On January 1, 2015, the Company signed an operating sub-lease with an expiration date of December 31, 2015. The monthly lease expense beginning on January 1, 2015 is approximately $14,000 and increased to $15,252 on January 1, 2016. Total rent expense for the year ended June 30, 2015 was approximately $208,254 and was $76,802 for the period ending June 30, 2014. Advisory Agreements The Company’s majority owned subsidiary, Pulse Entertainment Corporation, entered into an Investor Introduction Agreement (“the Agreement”) with an international advisory services group (“the Advisor”) in March 2014. The Advisor is to support the Company in its fund raising process through introductions of potential investors and to assist the Company in developing its investor relations strategy. The Agreement calls for the Advisor to be paid a success fee in cash equal to six percent of all investments introduced by the Advisor. In addition the Advisor shall be entitled to shares equal to three percent of the underlying shares issued in any such transactions. Pulse Entertainment entered into a business development advisory agreement (the “Business Development Agreement”) with a consulting firm (the “Consultant”) in May 2014, wherein the Consultant agreed to provide certain production and promotion services to Pulse Entertainment in exchange for consideration including cash, equity, an operating budget and production credits as specified in the Business Development Agreement. The Business Development Agreement provides for certain performance milestones and for termination by either party with 30 days’ notice. The maximum potential equity consideration is comprised of up to 200,000 stock options with an exercise price of $1.73 per share as follows: ● 100,000 options immediately upon execution of the Agreement ● Up to 50,000 options each quarter for the following two quarters, beginning three months from the date of the Agreement, if certain performance targets are achieved. The Business Development Agreement was terminated in September 2014. As of June 2015, 125,000 stock options to the Consultant in Pulse Entertainment were vested but not yet issued. In October 2014, the Company entered into a consulting agreement with a third party to provide executive leadership in the formation of a new division of the Company. Under the terms of the agreement, the consultant will provide services in the development of a business plan, technology planning, and fundraising. Under the term of the agreement, the consultant is to provide services for six months and is to be paid a monthly base payment of $10,000, with additional amounts to be paid under certain performance conditions. If certain performance targets, as defined in the agreement, are met, the Company would create a newly formed subsidiary and the consultant would become the Chief Executive Officer of the newly developed subsidiary. Additionally, beginning upon the execution of this agreement, the consultant became a member of the Company’s advisory board and was granted 1,152,000 shares of the Company’s restricted common stock which vest quarterly in equal installments over a two year period. As of June 30, 2015 there were 144,000 shares issued related to this contract. There was $89,245 expensed during the year ended June 30, 2015. Contractual Commitments The Company has entered into a production related contract with ABG. Under the terms of the contract, the Company is required to make an initial payment to the third party as well as commitments to profit sharing requiring minimum future payments to the third party ratably over the next five years beginning at the end of calendar 2015. At June 30, 2015, the future minimum payments due for future profit sharing under the contract are $4,000,000. The Company has entered into a production related contract with the Estate of Marilyn Monroe. Under the terms of the contract, the Company is required to make an initial payment to the third party as well as commitments to profit sharing requiring minimum future payments to the third party ratably over the next five years beginning at the end of calendar 2015. At June 30, 2015, the future minimum payments due for future profit sharing under the contract are $2,100,000. The Company had entered into a one year contract with the former Chief Financial Officer through April 30, 2015. His employment was terminated on January 30, 2015. Although the Company believes that no amounts are owed in connection with this contract, the Company accrued approximately $87,500 at the time of his termination, representing its estimate of the Company’s maximum total cash exposure, should the former employee elect to exercise his contractual right to dispute such amount through arbitration. As of the date of this filing, the Company has received no notice of a filing for arbitration. In March 2015, the Company entered into a three month contract with an advisor to support the Company with strategic relationships, business development, revenue opportunities, and sponsorship and investor introduction with a strong initial focus on the Elvis show. During the term, the Company shall pay to the advisor a retainer in the amount of $10,000 per month, payable monthly in advance. In addition, the advisor shall be entitled to receive a share grant equal to $50,000 per month at a valuation equal to $0.62/share (241,935 shares for the term). As of June 30, 2015, there have not been shares issued to the advisor. There was $150,000 expensed during the year ended June 30, 2015 included in accrued expenses as of June 30, 2015. Effective April 1, 2015, the Company entered into an employment agreement with the Managing Director of the Company where the employee will be paid $12,000 a month. The employee was previously an advisor of the Company who had a stock grant of 1,152,000 of shares, and the Company granted another stock grant for an additional 1,152,000 shares for a total of 2,304,000 shares, both grants to vest over a period of 24 months. Subsequent to the year end, the employee and the Company agreed to terminate the employment agreement while retaining his vesting shares. As of June 30, 2015, 144,000 shares had been issued and his balance of unissued and unvested shares was 2,160,000. In June 2015, the Company entered into an agreement with an Executive Production Company to explore the creation and financing of a theatrical stage production for one of its celebrity estates. The agreement provides for a fee of 1.5% of amounts raised, with a minimum advance of $150,000 payable by April 1, 2016. In addition, the Executive Production Company is entitled to a fixed share of net profits of the production. Litigation On May 29, 2014, Hologram USA, Inc., Musion Das Hologram Limited and Uwe Maass (the “Plaintiffs”) filed an amended complaint in the U.S. District Court for the District of Nevada (Case No. 2:14cv00772GMNNJK). The complaint alleged that Plaintiffs own, or control, certain patents related to the projection illusion technique, historically known as “Pepper’s Ghost.” The Plaintiffs further alleged that Pulse Evolution Corporation, Pulse Entertainment Corporation, John Textor, Dick Clark Productions, Inc., John Branca and John McClain, as executors of the Estate of Michael Jackson, MJJ Productions, Inc. Musion Events, Ltd. Musion 3D, Ltd., William James Rock and Ian Christopher O’Connell (collectively, the “Defendants”) infringed on the Plaintiffs’ patent rights by using the Plaintiffs’ projection illusion system to project the visual imagery developed and conceived by our company in connection with the a musical performance at the 2014 Billboard Music Awards in Las Vegas Nevada featuring an image of the late Michael Jackson. The Plaintiffs did not allege that the Company’s core business, the production of visual effects or human animation imagery infringes their intellectual property rights. In March 2016, the parties reached an amicable settlement agreement of all claims and counterclaims. As part of the settlement, our Executive Chairman also agreed to dismiss and release all claims against the principal shareholder of Hologram USA that remained pending through separate actions brought in the state of Florida. All costs associated with the settlement and litigation have been accrued in the period to June 30, 2015. On May 27, 2015, William Krueger (“Mr. Krueger”) filed a petition against Pulse Evolution Corporation (“Pulse”) in the 14th Judicial District Court of Dallas County, Texas, for violation of Texas’s Deceptive Trade Practices Act and a temporary injunction. Mr. Krueger’s claims relate to Pulse’s failure to remove references to Mr. Krueger as Pulse’s Chief Financial Officer on the company’s Web site, in a timely fashion, subsequent to the termination of his employment. Mr. Krueger has stipulated that he is seeking less than $74,500 in damages. The Company believes that Mr. Krueger is inappropriately pursuing this lawsuit as an alternative to filing claims for severance benefits, which claims, if any, would be required by his employment contract to be made through arbitration in Florida. The Company believes Mr. Krueger’s claims relate to an unintentional act, that the damages potentially caused by such act are negligible, and that the lawsuit represents no material risk to the Company. The Company is involved from time to time in routine litigation arising in the ordinary course of conducting its business. In the opinion of the Company’s management, no pending routine litigation will have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Capitalization

Capitalization	12 Months Ended
	Jun. 30, 2015
Capitalization
Capitalization	NOTE 8. CAPITALIZATION Convertible Securities On December 9, 2013, the Company entered into a Convertible Securities Purchase Agreement (the “Convertible Securities Agreement”) with a single investor wherein the Company sold 1,734,104 shares of the convertible securities at a price of $1.73 per share for total net proceeds of approximately $2.8 million (the “Investment Amount”). If a Qualified Equity Financing as defined in the Convertible Securities Agreement occurred prior to February 15, 2014, then the Investment Amount shall have automatically converted into fully paid and nonassessable shares of the Company’s Preferred Stock issued in such Qualified Equity Financing at a price per share equal to sixty percent (60%) of the price per share paid by the other purchasers of Preferred Stock. The Company did not complete a Qualified Equity Financing before February 15, 2014 and in May 2014, the holders of the Convertible Securities agreed to convert all outstanding convertible securities outstanding into 1,734,104 shares of common stock at a price per share of $1.73. Common Stock Issued in Private Placements For the year ended June 30, 2015, the Company sold 9,691,185 shares of its common stock at an average price of $0.53 per share for proceeds of $5,059,308 which are net of fees of $116,060. For the period ended June 30, 2014, the Company sold 4,127,696 shares of its common stock at an average price of $1.19 per share for proceeds of $4,916,590. The Company entered into a stock purchase agreement with Mr. Taku Toguichi, Chairman and CEO of SpaceBoy, a Japan-based artificial intelligence company with which the Company intends to be engaged in the development of digital humans for artificial intelligence. Pursuant to the terms of this agreement, Mr. Toguichi funded $806,000 in exchange for 1,300,000 shares of unregistered common stock. These shares are included in the total 9,691,185 shares of common stock issued in private placements during the year ended June 30, 2015. Common Stock Issued in Share Exchange On September 30, 2014, the Company completed the initial closing under the Share Exchange Agreement pursuant to which it agreed to issue 35,827,309 shares of its unregistered Common Stock, net of cancellations, to the shareholders of Pulse Entertainment in exchange for 17,466,383 shares of its common stock. As part of the Share Exchange, certain of the Company’s shareholders who are also shareholders of Pulse Entertainment agreed to cancel 60,910,113 shares of the Company’s common stock issuable to them in connection with the Share Exchange. Upon completion of the initial closing, Pulse Entertainment became a subsidiary of the Company in which the Company owned a 93.8% interest at June 30, 2015. The remaining 1,366,000 shares of Pulse Entertainment common stock was exchanged by the Pulse Entertainment shareholders pursuant to the Share Exchange Agreement for 7,399,426 shares of the Company’s unregistered common stock. As of June 30, 2015, the Company owns 99.8% of Pulse Entertainment. In July 2015, under the terms of the Share Exchange Agreement as more fully disclosed in Note 6 – Non-controlling Interests, the Company issued 199,386 shares of its unregistered common stock to shareholders of Pulse Entertainment in exchange for 36,000 shares of its common stock raising its ownership percentage in Pulse Entertainment to 100%, or wholly owned. Common Stock Issued in Payment of Subsidiary Payable Pulse Entertainment entered into an Investor Introduction Agreement (the “Introduction Agreement”) with an international advisory services group (the “Advisor”) in March 2014. Pursuant to the terms of the Introduction Agreement, the Advisor agreed to support the Company in its fund raising process through introductions of potential investors and to assist the Company in developing its investor relations strategy. Pulse Entertainment agreed to pay the Advisor a success fee in cash equal to 6% of all investments resulting from introductions by the Advisor. In addition, the Advisor is entitled to Pulse Entertainment shares equal to 3% of the underlying shares issued in any such transactions. As of June 30, 2014, the Advisor had earned 488,830 shares of Pulse Entertainment common stock, of which 224,869 shares of common stock were issued. A liability had been recognized by Pulse Entertainment for the portion of shares not issued as of June 30, 2014 totaling $456,653. In September 2014, the Company issued 1,461,946 shares of its common stock in payment of the liability as if Pulse Entertainment had paid the Advisor in its shares, and the Advisor immediately exchanged the shares in the company’s stock under the Share Exchange Agreement described above. As of June 30, 2015, the Company recorded the par value of the stock at $1,492 and additional paid in capital of $455,191. Common Stock Issued to Service Providers In determining the fair value of the services rendered by third parties, the Company uses the value of the services or the fair value of the common stock at the time the common stock was issued whichever is more readily determinable at the time the services are rendered. In September 2014, the Company entered into an exclusive financial services and advisory agreement with a consultant to assist the Company in its capital market strategies. The fee is payable equally in cash and stock. The Company recorded stock compensation expense of $368,305 upon issuance of 594,039 shares of its common stock. This agreement has been terminated as of December 31, 2014. During the year ended June 30, 2015, the Company issued 1,598,906 shares of its common stock to the Advisor in payment of the services provided under the Agreement, which includes 1,461,946 shares in payment of the liability of Pulse Entertainment as described above. As of June 30, 2015, the Company recorded the par value of the stock at $1,599 and additional paid in capital of $521,369. In November 2014, the Company issued 124,268 shares of its common stock to a consultant in payment of the services to the Company’s fundraising efforts. As of June 30, 2015, the Company recorded the par value of the stock at $124 and additional paid in capital of $76,922. On June 30, 2015, the Company issued warrants to a shareholder for their services provided during the capital raise of the preferred stock purchased during the period of January through June 2015. The shareholder was issued a warrant to purchase 324,000 shares of common stock at a price per share equal to $0.01. The warrants have a term of 5 years. During the year ended June 30, 2015, the Company issued 635,107 shares of its common stock to various other vendors in payment of the services provided under their individual agreements, where the Company recorded the par value of the stock at $635 and additional paid in capital of $393,324. Preferred Stock Issued In February, 2015 the Company authorized 18,848,184 shares of the preferred stock, par value $0.001 per share, of the Corporation as Series A Preferred Stock, The Series A Preferred Stock shall be subdivided into two classes: (i) class “A-1” of Series A Preferred Stock and (ii) class “A-2” of Series A Preferred Stock. The Series A-1 Preferred Stock and the Series A-2 Preferred Stock shall be treated identically for all intents and purposes hereof, but for the different original issuance price of each class. The Series A-1 Preferred Stock and Series A-2 have issuance prices of $0.31 and $0.62 per share, respectively. Each holder of outstanding shares of Series A Preferred Stock shall be entitled to cast the number of votes equal to the number of whole shares of Common Stock into which the shares of Series A Preferred Stock held by such holder are convertible as of the record date for determining stockholders entitled to vote on such matter. The holders of record of the shares of Series A Preferred Stock, exclusively and as a separate class, shall be entitled to elect one (1) director of the Corporation. Upon any liquidation (voluntary or otherwise), dissolution, or winding up of the Corporation or a Deemed Liquidation Event, no distribution shall be made to the holders of shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A Preferred Stock unless, prior thereto, the holders of shares of Series A Preferred Stock shall have received per share, an amount equal to one (1) times the original stated value, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment. Each share of Series A Preferred Stock shall be convertible, at the option of the holder, at any time and from time to time, and without the payment of additional consideration by the holder. Holders of preferred shares, who are also entitled to convert the preferred shares into an equal amount of common shares, are entitled to vote with the common class of shareholders, on any company matters requiring a vote of the shareholders, on an “as if converted” basis. The conversion rights shall terminate at the close of business on the last full day preceding the date fixed for the payment of any such amounts distributable on such event to the holders of Series A Preferred Stock. All outstanding shares of Series A Preferred Stock are subject to a mandatory conversion requirement and shall automatically be converted into shares of Common Stock, upon either (a) the closing of the sale of shares of Common Stock to the public at a price of at least $5.00 per share (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect to the Common Stock), or (b) the completion of an underwritten public offering pursuant to an effective registration statement under the Securities Act, resulting in at least $25,000,000 of proceeds, net of the underwriting discount and commissions, to the Company or (c) the vote or written consent of the preferred. Regardless of the manner of conversion, any conversion of the preferred shares shall occur on a one-to-one basis into an equal amount of common shares. In March 2015, the Company entered into a revenue participation rights and stock purchase agreement with a third party, Holotrack AG of Switzerland, a special purpose company organized principally by a film and entertainment distribution company in Europe. Among the principal terms of the agreement is the right of Holotrack AG to participate in the revenue generated from the Company’s planned live theatrical show featuring the digital likeness of Elvis Presley, effectively as a distributor, in an amount equal to 10% of the Company’s participation as a producer of the Elvis show. The agreement also required Holotrack AG to fund development and operating expenses of the Company of $3,720,000, in six equal monthly installments of $620,000, from January to June of 2015, in exchange for 6,000,000 newly issued preferred shares and the right to exchange 12,848,184 of its affiliates’ common shares for preferred shares. As of June 2015, all such installments have been received and Holotrack and its affiliates now hold a total of 18,848,184 preferred shares, the principal rights and benefits of which include a priority return of capital in the event of a liquidation or sale event, weighted average anti-dilution rights and the right to appoint one individual to the Company’s board of directors. During the year ended June 30, 2015, five holders of Common Stock exercised their conversion rights to exchange their Common Shares in the Company for Preferred Shares in the Company. The total Preferred Shares issued were 12,848,184 in exchange for 12,848,184 of Common Shares.

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	NOTE 9. STOCK BASED COMPENSATION During the year ended June 30, 2015, the Company awarded options to purchase 1,152,006 of the Company’s common stock, of which would vest over two years beginning three months after the effective date. The fair value of the grant was estimated on the date of grant using the following assumptions: Risk-free interest rate 1.42 % Dividend yield 0 % Expected stock price volatility 53.25 % Expected term (in years) 5 Expected forfeiture rate 0 % The risk-free interest rate is based on the zero coupon U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected term at the grant date. The dividend yield is based on the Company’s historical and expected dividend yield. The expected term is based on the expected time to exercise. The Company uses historical volatility of similar public companies to estimate expected volatility. The weighted average exercise price is $0.25 per share and 144,001 shares have vested as of June 30, 2015. The grant date fair value of the stock options was $0.43. The Company recognized stock-based compensation expense of $62,522 for the year ended June 30, 2015. Unrecognized stock compensation expense was $437,651 at June 30, 2015, which the Company expects to recognize over a period of 1.75 years. Warrants Number of warrants Weighted average exercise price Outstanding warrants as of June 30, 2014 - - Warrants granted 3,124,000 $ 0.31 Warrants terminated - - Warrants exercised - - Outstanding warrants as of June 30, 2015 3,124,000 $ 0.31 In August 2014, the Company entered into a multiyear agreement with ABG to develop for ABG, entertainment projects to utilize a realistic computer generated image of Elvis Presley. There was a cash fee and 2,800,000 warrants issued with an exercise price of $0.35 per share. The warrants will expire 10 days after the delivery of an audited financial statement of activities by the Company for the period ended December 31, 2015. On June 30, 2015, the Company issued warrants to a shareholder for their services provided during the capital raise of the preferred stock purchased during the period of January through June 2015. The shareholder was issued a warrant to purchase 324,000 shares of common stock at a price per share equal to $0.01. The warrants have a term of 5 years.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10. INCOME TAXES The Company utilizes the liability method of accounting for deferred income taxes. Under this method, deferred tax liabilities and assets are recognized for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. A valuation allowance is established against deferred tax assets because, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company’s policy is to record interest and penalties on uncertain tax positions as income tax expense. As of June 30, 2015, the Company does not believe any material uncertain tax positions are present. Accordingly, interest and penalties have not been accrued due to an uncertain tax position and the fact the Company has reported tax losses since inception. Deferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A reconciliation of the statutory U.S. federal rate to the Company’s effective tax rate is as follows: Period from October 10, 2013 Year Ended (inception) through June 30, 2015 June 30, 2014 U.S. federal statutory income tax rate 34.0 % 34.0 State taxes, net of federal benefit 3.0 3.6 Permanent items (0.1 ) (0.1 ) Change in valuation allowance (36.9 ) (37.5 ) Effective tax rate 0.0 % 0.0 The components of the net deferred tax asset/ (liability) as of June 30, 2015 and June 30, 2014 is as follows: June 30, 2015 June 30, 2014 Net federal operating loss carry forward $ 6,945,606 $ 2,825,765 Net state operating loss carry forward 660,004 301,692 Accrued Expenses 169,335 Stock Options 23,527 - Depreciation & Intangibles 127,672 (392 ) Net deferred tax assets before valuation allowance 7,926,143 3,127,065 Valuation allowance (7,926,143 ) (3,127,065 ) Net deferred tax assets after valuation allowance $ - $ - The Company has determined, based upon the weight of available evidence, that it is more likely than not that the net deferred tax asset will not be realized and, accordingly, has provided a full valuation allowance against it. As of June 30, 2015 and 2014, the Company has federal net operating loss carry forward of approximately $20,428,253 and $8,311,072, respectively, and has state net operating loss carry forward of $19,262,096 and $8,311,072, respectively. The federal and state net operating loss carry forwards will expire, if not utilized, by 2034. Utilization of the net operating loss carry forward may be subject to an annual limitation due to the ownership change limitations provided by Section 382 of the Internal Revenue Code of 1986, as amended, and similar state provisions. The Company is not currently under examination at the Federal and state levels. Currently the period from October 10, 2013 (inception) to June 30, 2014 and year ended June 30, 2015 are subject to examination. At the date of the financial statements there were no known assessments.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	12 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	NOTE 11. EARNINGS (LOSS) PER SHARE Basic earnings per share are computed based upon the weighted average number of shares outstanding, including nominal issuances of common share equivalents, for each period presented. Fully diluted, earnings per share is computed based upon the weighted average number of shares and dilutive share equivalents outstanding for each period presented. Due to the Company’s net losses for the year ended June 30, 2015 and for the period from October 10, 2013 (inception) through June 30, 2014 the inclusion of dilutive common share equivalents in the calculation of diluted earnings per share would be antidilutive. Thus, the common share equivalents have been excluded from the computation of diluted earnings per share for the year ended June 30, 2015 and for the period from October 10, 2013 (inception) through June 30, 2014. These common stock equivalents include warrants for shares of the Company’s common stock and rights to exchange shares of Pulse Entertainment Corporation common stock for shares of the Company’s common stock. The potential dilutive securities outstanding that were excluded from the computation of diluted net loss per share for the year ended June 30, 2015 and for the period from October 10, 2013 (inception) through June 30, 2014, because their inclusion would have had an antidilutive effect, are summarized as follows: As of June 30, 2015 As of June 30, 2014 Share exchange right of subsidiary shareholders 199,380 22,535,399 Unvested restricted stock 2,160,000 - Unvested stock options 1,152,006 Series A Preferred Stock 18,848,184 Warrants 3,124,000 - Total 25,483,570 22,535,399 The net loss and weighted average common stock outstanding for purposes of calculating net loss per common share were computed as follows for the years ended: As of June 30, 2015 As of June 30, 2014 Net loss attributable to common shareholders $ (12,231,498 ) $ (8,323,412 ) Weighted average number of common shares outstanding in computing basic and diluted earnings per share 127,879,760 100,135,655 Total $ (0.10 ) $ (0.08 )

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 12. RELATED PARTY TRANSACTIONS Pulse Entertainment Corporation entered into an Asset Transfer and Assignment Agreement (the “Transfer Agreement”) with Tradition Studios I.P. Acquisition Inc., (“Tradition”) in April 2014. The agreement is effective as of the inception date of Pulse Entertainment and included the transfer of property and equipment with a historical cost of approximately $14,000 and general liabilities with a historical cost of approximately $81,100, resulting in a transfer of net liabilities of approximately $67,000. As of the effective date of the Transfer Agreement, the Executive Chairman of Pulse Entertainment had a majority control of Pulse Entertainment and also had majority control of Tradition. The transfer of assets and liabilities was considered a common control transaction in accordance with the accounting guidance in ASC Topic 60535, Business Combinations Pulse Entertainment Corporation, entered into an Investor Introduction Agreement (“the Agreement”) with an international advisory services group (“the Advisor”) in March 2014. The Advisor is to support the Company in its fund raising process through introductions of potential investors and to assist the Company in developing its investor relations strategy. The Agreement calls for the Advisor to be paid a success fee in cash equal to six percent of all investments introduced by the Advisor. In addition the Advisor shall be entitled to shares equal to three percent of the underlying shares issued in any such transaction. In August 2014, the Company’s board of directors approved payments of director fees for fiscal year 2015. All director fees for the fiscal year 2015 totaling $100,000 were paid as of June 30, 2015. On December 10, 2014, the Company entered into a secured promissory note with a related party. The Company received cash of $250,000 which bears interest at a rate of 8% a year. The note is collateralized by certain property owned by the Company. As of June 30, 2015, the Company had unpaid principal and interest of $230,000 and $3,218. The note was fully repaid subsequent to the year end. All remaining unpaid principal and accrued interest is due on January 31, 2015. The Company must also pay an additional $25,000 if paid before December 31, 2014 or an additional $50,000 if paid after December 31, 2014. The Company did not pay the note at December 31, 2014 and therefore an additional $50,000 was payable at that time.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	NOTE 13. SUBSEQUENT EVENTS Subsequent to June 30, 2015 through July 31, 2015, the Company has issued 199,386 shares issued from the Share Exchange. In July 2015, the Company granted 200,000 vesting stock options to a 3 rd In July 2015, the Company entered into an agreement with a service provider to assist the Company and provide expertise as it relates to producing a live stage musical featuring digital performances. The service provider shall receive 3% of all money received by the Company for producing and presenting the performances. Additionally, the service provider shall receive 3,000,000 shares of the Company’s common stock on a pro-rata basis as funds are received by the Company for the performances. In August 2015, one holder of Common Stock cancelled their Common Shares in the Company and instead was issued Preferred Shares in the Company. The total of 280,726 of Common Shares were cancelled and 280,726 of Preferred Shares were issued. In August 2015, the Company entered into an agreement for a $620,000 bridge loan which bears interest at 7% each year. Interest will be payable at the end of each calendar year and calculated on a pro rata basis. All unpaid principal plus accrued interest is due at the earliest of the Company’s receipt of a certain type of proceeds or on the first anniversary of the note. In September 2015, the Company entered into an agreement for a $620,000 bridge loan with a party which bears interest at 15% each year along with equity coverage of 248,000 shares of Common Stock. Subsequent to signing, only $356,000 of the note was financed. In January 2016, due to non-completion of the loan, the agreement was terminated and the loan plus interest was returned to the lender. Because the loan was not completely funded and subsequently terminated, no equity was issued. In October 2015, the Company entered into an agreement for a $1,000,000 bridge loan with Holotrack AG, which bears interest at 7% each year. Interest will be payable at the end of each calendar year and calculated on a pro rata basis. All unpaid principal plus accrued interest is due at the earliest of the Company’s receipt of a certain type of proceeds or on the first anniversary of the note. In November 2015, the Company entered into an Associate Producer agreement with Holotrack AG to provide financing and production support for “The King”. In conjunction with this agreement, the company will issue 12,000,000 shares of Series A Preferred Stock. The Board has approved a change to the Company’s charter to accordingly increase the authorized capital Series A Preferred Stock. As of August 13, 2015, the Company had 100,000,000 shares of capital stock authorized, of which 18,848,184 were designated as Series A convertible preferred stock. As of August 13, 2015, 18,848,184 shares of Series A convertible preferred stock issued and outstanding, representing 100% of the authorized Series A convertible preferred stock. On August 13, 2015 and November 1, 2015, the Company agreed to issue 280,726 and 12,000,000, respectively, shares of Series A convertible preferred stock. Such amounts represented an over issue of an aggregate of 12,280,726 shares of Series A convertible preferred stock. In order to correct the error, the Company is in the process of filing an amended certificate of designation with the Nevada Secretary of State, which will have the effect of increasing the number of authorized Series A preferred shares from 18,848,184 shares to 31,128,910 shares. Following the effectiveness of the amendment, we will cancel the previously over issued shares and issue new shares in the same number to the same share recipients. In December 2015, the Company entered into an agreement for a $1,000,000 bridge loan with Mr Bernhard Burgener which bears interest at 7% each year. Interest will be payable at the end of each calendar year and calculated on a pro rata basis. All unpaid principal plus accrued interest is due at the earliest of the completion of the Elvis Presley theatrical concert production (“The King”) or 18 months. In December 2015, the Company entered into an agreement for a $500,000 bridge loan with a Third Party which bears interest at 10% each year along with equity coverage of 1,000,000 shares of the Company’s Common Stock. The loan plus accrued interest was repaid in February 2016. In December 2015, the Company entered into an Executive Producer agreement with Mr Bernhard Burgener for “The King” and committed to issue Mr Burgener 12,000,000 common shares. In November 2015, the Board of Directors approved a limited share repurchase program for the Company to repurchase up to $5,000,000 of Common Stock of the Company from the public float. During the second and third fiscal quarter of 2016, the Company has purchased 257,072 of it shares at a total cost of $309,622, which the company will return to treasury stock. In January 2016, the Company entered into amendments with Authentic Brands Group to extend the rights of exclusivity for Marilyn Monroe and Elvis Presley through the end of the agreements (December 2021). In January 2016, the Company entered into a Stock Purchase Agreement with Original Force and U9. The parties purchased a total of 14,760,000 Common Shares for $10,000,000 and received an initial 50% share in the production vehicle for Elvis Presley theatrical concert. In addition, the parties entered into a 3 year technology license agreement for certain rights to use the Company’s Digital Human Animation technology. On January 28, 2016, the Company entered into an agreement with XIX Entertainment and Simon Fuller to be the Executive Producer of The King. The agreement includes a cash payment over the course of the production and a share of the “off the top” profits of the show. In addition, XIX Entertainment was issued a warrant to purchase approximately 36,678,000 shares of Common Stock in the Company at $1 a share, with cashless exercise rights and certain anti-dilution protections. On February 26, 2016, the Company entered into an agreement to purchase 100% of the share capital of Float Hybrid Entertainment, Inc. (“Float”), a developer of interactive experiences for brands such as Pepsi, Microsoft, GE, AKQA, Ericsson, XBOX and Anheuser-Busch. Float was also a founding developer of the Kinect depth sensor platform and has deep experience of development for a number of yet-to-be-released Virtual and Augmented Reality Platforms. The Company will issue to the shareholders of Float, 7,250,000 common shares and will pay up to $1,000,000 in a cash-based earn out over a period of 36 months. The Company anticipates the closing to occur in the fourth quarter of the year ended June 30, 2016. On February 27, 2016, the Company entered into merger agreement with After August, Inc., a California based animation technology company, primarily to acquire ownership of certain technologies and software tools that we believe will support the Company’s continuing strategy to be the world’s leading developer of hyper-realistic digital humans. As consideration, the Company paid $300,000 in cash at closing, issued a 3-year, $2,700,000 promissory note, secured specifically by the acquired technology assets, and is committed to issue 4.8 million shares of the Company’s common stock. The transaction was closed on April 20, 2016. In March 2016, the Company entered into an amicable settlement agreement with Hologram USA, Inc., MDH Hologram Ltd., and Pulse Evolution Corporation reached an amicable resolution of the litigation related to the 2014 Billboard Music Awards. Costs associated with the litigation have been accrued during the period ended June 30, 2015. The Company also committed to issue 1,000,000 shares of Common Stock to a professional services firm in connection with this settlement.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Nature of Business	Nature of Business Pulse Evolution Corporation was incorporated on May 31, 2013, under the laws of the State of Nevada under the name QurApps, Inc., initially announcing plans to develop software applications for mobile devices. In anticipation of a change of control transaction, which closed on May 15, 2014, the Company changed its name to Pulse Evolution Corporation effective May 8, 2014. We are a market leader in the emerging virtual human likeness space, and the foremost developer of hyper-realistic digital humans – computer generated assets that appear to be human and can perform in live shows, virtual reality, augmented reality, holographic, 3D stereoscopic, web, mobile, interactive and artificial intelligence applications. We believe that digital humans will be ubiquitous in society, culture and industry. In the last decade, hyper-realistic digital humans have performed in movies such as The Curious Case of Benjamin Button or on stage such as the virtual performance of a digital Tupac Shakur at the Coachella Valley Music Festival. We expect that, in years to come, digital humans will not only perform for audiences on stage and in film, but they will also represent individual consumers as digital likeness avatars, in realistic and fantasy form, appearing and interacting on the consumer’s behalf in electronic and mobile communication, social media, video game, virtual reality, and augmented reality. The Company’s long-term goal is to be the ‘face’ of artificial intelligence, to provide a human form to interactive artificially intelligent computer beings that will be common in society, providing useful information and services to people in diverse industries, such as education, health care, telecommunications, defense, transportation and entertainment. Our leadership team is currently focused on applications of digital humans in entertainment. We believe the entertainment industry provides us with attractive near-term opportunities to put digital humans to work in proven performance-oriented business models, while also allowing us to use the visibility of our globally recognized celebrities to showcase our digital human technologies and their applications across other industries. Accordingly, our current business plan is to generate revenues from our digital human representations of three of the world’s best-known late celebrities – Michael Jackson, Elvis Presley and Marilyn Monroe – in full length entertainment experiences, brand marketing events and digital products.
Acquisition of Pulse Entertainment	Acquisition of Pulse Entertainment In May 2014, the Company signed a letter of intent to exchange at least a majority of its unissued shares of common stock for 100% of the outstanding common stock of Pulse Entertainment Corporation, a related party. The Company entered into a share exchange agreement on September 26, 2014 (the “Share Exchange Agreement”) with Pulse Entertainment in which the Company agreed to issue up to 58,362,708 shares of its unregistered common stock, $0.001 par value (the “Common Stock”) to the shareholders of Pulse Entertainment holding 21,535,252 shares of its issued and outstanding common stock (the “Share Exchange”), such shares representing 100% of the issued and outstanding common stock of Pulse Entertainment. On September 30, 2014, the Company completed the initial closing under the Share Exchange Agreement pursuant to which it agreed to issue 35,827,309 shares of its unregistered Common Stock, net of cancellations, to the shareholders of Pulse Entertainment in exchange for 17,466,383 shares of its common stock. During the quarter ended December 31, 2014, the Company exchanged additional shares under the Share Exchange Agreement pursuant to which it agreed to issue 15,135,973 shares of its unregistered Common Stock, net of cancellations, to the shareholders of Pulse Entertainment in exchange for 2,732,869 shares of its common stock. As part of the Share Exchange, certain of the Company’s shareholders who are also shareholders of Pulse Entertainment canceled 60,910,113 shares of the Company’s common stock previously issued to them in connection with the Share Exchange. The remaining 1,336,000 shares of Pulse Entertainment common stock were exchanged in June 2015 and July 2015 by the Pulse Entertainment Shareholders pursuant to the Share Exchange Agreement for 7,399,426 shares of the Company’s unregistered common stock. In July 2015, Pulse Entertainment became a wholly owned subsidiary of the Company.
Recapitalization	Recapitalization The Company’s acquisition of Pulse Entertainment was accounted for as a recapitalization of Pulse Entertainment since the shareholders of Pulse Entertainment obtained voting and managing control of the Company. Pulse Entertainment was the acquirer for financial reporting purposes and Pulse Evolution was the acquired company. Consequently, the consolidated financial statements after completion of the acquisition include the assets and liabilities of both Pulse Evolution and Pulse Entertainment, the historical operations of Pulse Entertainment and their consolidated operations from the September 30, 2014 closing date of the acquisition. Pulse Entertainment retroactively applied its recapitalization pursuant to the terms of the Share Exchange Agreement for all periods presented in the accompanying consolidated financial statements for the year ended June 30, 2015 and for the period from October 10, 2013 (inception) through June 30, 2014. Because Pulse Entertainment is the acquirer for financial reporting purposes, comparative prior year data is presented for the period from October 10, 2013 through June 30, 2014 due to Pulse Entertainment’s incorporation occurring on October 10, 2013 in the state of Delaware.
Liquidity	Liquidity During the year and subsequent to the year end, the company raised significant core capital in order to support the ongoing development of the core digital human technology and also to create the digital likeness of Michael Jackson, Elvis Presley and Marilyn Monroe in anticipation of starting full production of theatrical shows, music concerts and other events. The Company broadly consists of a Core operations, management and administration team and In-House Production Talent. Upon commencement of production of a specific concert or theatrical show, the In-House Production Talent team would be required to provide animation services related to the performance of the primary celebrity character, such services to be funded by a show-specific production entity that would likely be managed by the Company and funded materially by third-party entertainment production investors. While we intend to fund an initial portion of production costs of a show from internal sources, we expect a large portion of these costs to be funded by such third parties, including affiliated production companies, associated celebrity estates, corporate sponsors and other entertainment finance vehicles. We do not, however, currently have any such funding or financing arrangements currently in place. Our ability to fund our In-House Production Talent and meet our obligations on a timely basis relies on our ability to raise funds for the productions. If we are unable to successfully raise sufficient production capital through future debt and equity financings or strategic and collaborative ventures with potential partners, we would likely have to reduce our dependence on In-house Production Talent and limit many, if not all, of our activities as a producer. We have raised approximately $16.9 million of core development capital from inception through June 30, 2015. Our plan to develop, produce and operate full scale productions will require significant direct funding, similar to that of a mid-sized theatrical show. Until we secure production capital and generate revenues, the company will continue to rely on raising capital to support the development of technology and digital likenesses of its portfolio of celebrities. We believe that full scale shows will require in excess of $25m of development and operating financing and we plan to fund each of our productions within a production entity, similar to the structure used by movie studios. Subsequent to the year end, the Company sourced several short term bridge loans and equity investments, as detailed in note 12 (Subsequent Events). Notably, in January 2016, we secured a $10m equity investment from Original Force and U9. We have analyzed its liquidity requirements and have determined that we have sufficient liquidity to execute our business plan Model for the 12 months from the balance sheet date and beyond that will be raising production funds to support the launch of our shows.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying consolidated financial statements include the accounts of Pulse Evolution Corporation, its majority owned subsidiary Pulse Entertainment Corporation. The company has created various wholly owned subsidiaries, including The Kopp Initiative, LLC, Pulse Digital Human Labs, Pulse Japan and Pulse Biologic, all of which had no activity during the year. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company retroactively applied its recapitalization per the Share Exchange Agreement for all periods presented in the accompanying consolidated financial statements.
Reclassifications	Reclassifications The accompanying consolidated financial statements include certain reclassifications of amounts in the June 30, 2014 financial statements in order to conform to the June 30, 2015 presentation. There were no changes to total assets, total liabilities or total stockholders’ equity.
Use of Estimates	Use of Estimates The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, the Company evaluates its estimates based on experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. At June 30, 2015 and 2014, the Company’s cash balances may exceed the current insured amounts under the Federal Deposit Insurance Corporation.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The Company maintains a policy to record allowances for doubtful accounts for estimated losses resulting from the inability of its customers, lenders or investors to make required payments. If the financial conditions of these customers were to deteriorate and impair their ability to make payments, additional allowances may be required. No allowance for doubtful accounts was necessary at June 30, 2015 and 2014.
Prepaid and Other Assets	Prepaid and Other Assets The Company had paid a launch fee of $1,000,000 for the multiyear agreement with ABG, as described in Note 4 Intangible and Other Assets. In April 2015 this agreement was amended to reduce the launch fee to $500,000 and use the remaining payment made by the Company to fund the $500,000 service contract when expenses are incurred. The entire balance was expensed as of June 30, 2015.
Intangible Assets	Intangible Assets Definite-lived intangibles, which are made up of license agreements as described in Note 4 Intangible and Other Assets, are amortized on a straight-line basis over their useful lives. The Company reviews the intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. As of June 30, 2015, the Company has determined that there is no impairment of the intangible assets.
Revenue Recognition	Revenue Recognition For Production Services, revenue is recognized over each contract period based on percentage of work completed. As the production services are rendered, revenue is recognized.
Production Costs	Production Costs Production costs consist primarily of amounts due to third-party providers that the Company uses to help create and deliver the Company’s digital and live performance productions.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, less accumulated depreciation. Depreciation is provided on a straightline basis over the estimated useful life of the related asset. Computers are depreciated over five years. Furniture and fixtures are depreciated over seven years.
Segment Reporting	Segment Reporting The Company currently operates in only one segment.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurements and Disclosures, establishes a three level fair value hierarchy that requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs used to measure fair value are as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data and require the reporting entity to develop its own assumptions. The carrying amount of prepaid expenses, subscriptions receivable, accounts payable, and accrued expenses approximates fair value due to the short-term nature of these instruments.
Income Taxes	Income Taxes The Company utilizes the asset and liability method of accounting for deferred income taxes. Under this method, deferred tax liabilities and assets are recognized for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. A valuation allowance is established against deferred tax assets because, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company’s policy is to record interest and penalties on uncertain tax positions as income tax expense. As of June 30, 2015 and 2014, the Company does not believe any material uncertain tax positions are present. Accordingly, interest and penalties have not been accrued due to an uncertain tax position and the fact the Company has reported tax losses since inception.
Stock Based Compensation	Stock based Compensation Accounting Standard Codification (“ASC”) 718, “Compensation: Stock Compensation” requires recognition in the financial statements of the cost of employee services received in exchange for an award of equity instruments over the period the employee is required to perform the services in exchange for the award (presumptively the vesting period). The Company measures the cost of employee services received in exchange for an award based on the grant date fair value of the award. The Company accounts for nonemployee share based awards based upon ASC 505-50, “Equity Based Payments to Non Employees.” ASC 505-50 requires the costs of goods and services received in exchange for an award of equity instruments to be recognized using the fair value of the goods and services or the fair value of the equity award, whichever is more reliably measurable. The fair value of the equity award is determined on the measurement date, which is the earlier of the date that a performance commitment is reached or the date that performance is complete. Generally, the Company’s awards do not entail performance commitments. When an award vests over time such that performance occurs over multiple reporting periods, the Company estimates the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date. When the award vests, the Company adjusts the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the vesting date, which is presumed to be the date performance is complete.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most of the existing revenue recognition guidance, including industry-specific guidance. The core principle of ASU 2014-09 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying the new guidance, an entity will (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the contract’s performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB Accounting Standards Codification. Entities have the option of using either a full retrospective or modified approach to adopt ASU 2014-09. In July 2015, the FASB issued ASU 2015-14, which delayed the effective date of ASU 2014-09. As a result, this guidance will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently evaluating the new guidance, and has not determined the impact this standard may have on the financial statements, nor decided upon the method of adoption. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). ASU 2014-15 will explicitly require management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosure in certain circumstances. The new standard will be effective for all entities in the first annual period ending after December 15, 2016. Earlier adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2014-15. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 840) (“ASU 2016-02”). The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, and annual and interim periods thereafter, with early adoption permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the impact this standard will have on its financial statements.

Property & Equipment (Tables)

Property & Equipment (Tables)	12 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property & Equipment	Property and equipment as of June 30, 2015 and June 30, 2014 consist of the following: June 30, 2015 June 30, 2014 Useful Life Computers and other equipment $ 3,900 $ 5,207 5 years Furniture and fixtures 47,355 18,659 7 years Total property and equipment, cost 51,255 23,866 Less accumulated depreciation (8,086 ) (980 ) Total property and equipment, net $ 43,169 $ 22,886

Intangible and Other Assets (Ta

Intangible and Other Assets (Tables)	12 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Fair Value Assumptions	The Company determines the fair value of its financial instruments using the Black Scholes option pricing model and utilized the following assumptions for determination of the fair value of its financial instrument as of the following: August 2014 Number of shares 2,800,000 Fair value of warrant $ 476,000 Term in years 1.61 Risk free interest rate 3.4 % Volatility 76.63 % Dividend rate 0.00 %

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities as of June 30, 2015 and June 30, 2014 consist of the following: June 30, 2015 June 30, 2014 Payroll and payroll related liabilities $ 678,791 $ 132,732 Due to advisor 75,000 456,653 Shares to be issued for services 456,101 - Legal settlement accrual 450,000 - Other accrued expenses 3,218 87,135 Total accrued expenses $ 1,663,110 $ 676,520

Non-Controlling Interests (Tabl

Non-Controlling Interests (Tables)	12 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Schedule of Redeemable Noncontrolling Interest Considered Level Three	Changes in the non-controlling interest amounts of our subsidiaries for the year ended June 30, 2015 were as follows: Balance at June 30, 2014 $ 141,654 Adjust for Share Exchange 640,392 Net loss attributable to non-controlling interests (795,762 ) Balance at June 30, 2015 $ (13,716 )

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Fair Value of Grant Estimated Assumptions	The fair value of the grant was estimated on the date of grant using the following assumptions: Risk-free interest rate 1.42 % Dividend yield 0 % Expected stock price volatility 53.25 % Expected term (in years) 5 Expected forfeiture rate 0 %
Schedule of Warrants	Warrants Number of warrants Weighted average exercise price Outstanding warrants as of June 30, 2014 - - Warrants granted 3,124,000 $ 0.31 Warrants terminated - - Warrants exercised - - Outstanding warrants as of June 30, 2015 3,124,000 $ 0.31

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of Reconciliation of Effective Tax Rate	A reconciliation of the statutory U.S. federal rate to the Company’s effective tax rate is as follows: Period from October 10, 2013 Year Ended (inception) through June 30, 2015 June 30, 2014 U.S. federal statutory income tax rate 34.0 % 34.0 State taxes, net of federal benefit 3.0 3.6 Permanent items (0.1 ) (0.1 ) Change in valuation allowance (36.9 ) (37.5 ) Effective tax rate 0.0 % 0.0
Schedule of Deferred Tax Assets and Liability	The components of the net deferred tax asset/ (liability) as of June 30, 2015 and June 30, 2014 is as follows: June 30, 2015 June 30, 2014 Net federal operating loss carry forward $ 6,945,606 $ 2,825,765 Net state operating loss carry forward 660,004 301,692 Accrued Expenses 169,335 Stock Options 23,527 - Depreciation & Intangibles 127,672 (392 ) Net deferred tax assets before valuation allowance 7,926,143 3,127,065 Valuation allowance (7,926,143 ) (3,127,065 ) Net deferred tax assets after valuation allowance $ - $ -

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	12 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Antidilutive Earnings Per Share	The potential dilutive securities outstanding that were excluded from the computation of diluted net loss per share for the year ended June 30, 2015 and for the period from October 10, 2013 (inception) through June 30, 2014, because their inclusion would have had an antidilutive effect, are summarized as follows: As of June 30, 2015 As of June 30, 2014 Share exchange right of subsidiary shareholders 199,380 22,535,399 Unvested restricted stock 2,160,000 - Unvested stock options 1,152,006 Series A Preferred Stock 18,848,184 Warrants 3,124,000 - Total 25,483,570 22,535,399
Schedule of Weighted Average Common Stock Outstanding	The net loss and weighted average common stock outstanding for purposes of calculating net loss per common share were computed as follows for the years ended: As of June 30, 2015 As of June 30, 2014 Net loss attributable to common shareholders $ (12,231,498 ) $ (8,323,412 ) Weighted average number of common shares outstanding in computing basic and diluted earnings per share 127,879,760 100,135,655 Total $ (0.10 ) $ (0.08 )

Basis of Presentation and Bus29

Basis of Presentation and Business Description (Details Narrative) - USD ($)	Sep. 30, 2014	Sep. 26, 2014	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2015	May. 31, 2014
Business acquisition percentage and ownership interest rate						100.00%
Core development capital			$ 16,900,000		$ 16,900,000
Development and operating financing					25,000,000
January 2016 [Member] | Original Force and U9 [Member]
Equity investment			$ 10,000,000		$ 10,000,000
Pulse Entertainment Corporation [Member]
Business acquisition percentage and ownership interest rate			99.80%		99.80%
Share Exchange Agreement [Member] | Pulse Entertainment Corporation [Member]
Business acquisition percentage and ownership interest rate			93.80%		93.80%
Number of unregistered common stock issued during period	7,399,426	58,362,708
Equity issuance price per share		$ 0.001
Number of shares issued and outstanding		21,535,252
Percentage of shares issued and outstanding		100.00%
Number of unregistered common stock issued for cancellation	35,827,309			15,135,973
Cancellations of common stock issued upon exchange	17,466,383			2,732,869
Number of common stock shares canceled of previously issued during the period	60,910,113
Remaining shares exchanged for share exchange agreement			1,336,000
Share Exchange Agreement [Member] | Pulse Entertainment Corporation [Member] | July 2015 [Member]
Business acquisition percentage and ownership interest rate			100.00%		100.00%
Number of unregistered common stock issued during period					7,399,426

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Jun. 30, 2015USD ($)Segment	Apr. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Cash balances exceed current insured amounts under Federal Deposit Insurance Corporation
Allowance for doubtful accounts
Prepaid expense and other assets	$ 86,673		$ 70,023
Impairment of intangible assets
Number of segment reporting | Segment	1
Uncertain tax positions
Computers and Other Equipment [Member]
Property and equipment useful life	5 years
Furniture and Fixtures [Member]
Property and equipment useful life	7 years
Agreement Amended [Member] | Launch Fee [Member]
Prepaid expense and other assets		$ 500,000
Agreement Amended [Member] | Service Contract Expense [Member]
Prepaid expense and other assets		$ 500,000
Multiyear Agreement [Member] | ABG Contract [Member]
Prepaid expense and other assets	$ 1,000,000

Property & Equipment (Details N

Property & Equipment (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2015
Depreciation expense	$ 980	$ 7,106
Minimum [Member]
Property and equipment estimated useful lives		5 years
Maximum [Member]
Property and equipment estimated useful lives		7 years

Property & Equipment - Schedule

Property & Equipment - Schedule of Property & Equipment (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Total property and equipment, cost	$ 51,255	$ 23,866
Less accumulated depreciation	(8,086)	(980)
Total property and equipment, net	43,169	22,886
Computers and Other Equipment [Member]
Total property and equipment, cost	$ 3,900	5,207
Property and equipment estimated useful lives	5 years
Furniture and Fixtures [Member]
Total property and equipment, cost	$ 47,355	$ 18,659
Property and equipment estimated useful lives	7 years

Intangible and Other Assets (De

Intangible and Other Assets (Details Narrative) - USD ($)	Mar. 31, 2015	Oct. 31, 2014	Jun. 30, 2015	Aug. 31, 2014
Intangible assets remain unamortized period			49 months
Intangible asset value			$ 797,067
Number of stock issued during period			3,800,000
Due to related parties
Estate Of Marilyn Monroe LLC [Member]
Intangible assets remain unamortized period			51 months
Intangible asset value			$ 1,147,500
Number of stock issued during period	1,000,000	2,800,000
Multiyear Agreement [Member] | ABG Contract [Member]
Launch fee value				$ 500,000
Amended Agreement [Member] | Estate Of Marilyn Monroe LLC [Member]
Number of stock issued during period	3,800,000
Due to related parties	$ 1,350,000

Intangible and Other Assets - S

Intangible and Other Assets - Schedule of Fair Value Assumptions (Details)	1 Months Ended
	Aug. 31, 2014USD ($)shares
Accounting Policies [Abstract]
Number of shares | shares	2,800,000
Fair value of warrant | $	$ 476,000
Term in years	1 year 7 months 10 days
Risk-free interest rate	3.40%
Volatility	76.63%
Dividend rate	0.00%

Accrued Liabilities - Schedule

Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Payables and Accruals [Abstract]
Payroll and payroll related liabilities	$ 678,791	$ 132,732
Due to advisor	75,000	$ 456,653
Shares to be issued for services	456,101
Legal settlement accrual	450,000
Other accrued expenses	3,218	$ 87,135
Total accrued expenses	$ 1,663,110	$ 676,520

Noncontrolling Interests (Detai

Noncontrolling Interests (Details Narrative) - USD ($)	Sep. 30, 2014	Jun. 30, 2014	Jun. 30, 2015
Net loss		$ (8,323,412)	$ (12,231,498)
Net income attributable to non-controlling interest			795,762
Pulse Entertainment Corporation [Member]
Net loss			8,957,976
Net income attributable to non-controlling interest			$ 795,762
Pulse Entertainment Corporation [Member] | Share Exchange Agreement [Member]
Number of unregistered common stock issued for cancellation	35,827,309		58,163,322
Number of cancellation shares exchange for shares of common stock			21,499,252

Noncontrolling Interests - Sche

Noncontrolling Interests - Schedule of Change in Noncontrolling Interest (Details)	12 Months Ended
	Jun. 30, 2015USD ($)
Noncontrolling Interest [Abstract]
Balance at the beginning	$ 141,654
Adjust for share exchange	640,392
Net loss attributable to non-controlling interests	(795,762)
Balance at the end	$ (13,716)

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	May. 27, 2015	Apr. 02, 2015	Mar. 02, 2015	Jan. 02, 2015	Jun. 30, 2014	Mar. 31, 2015	Oct. 30, 2014	May. 31, 2014	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Office space leased under non-cancelable operating leases, expiration date			Mar. 31, 2015	Dec. 31, 2015
Monthly lease expense			$ 12,000	$ 14,000
Negotiated rate of monthly lease			$ 6,000
Total rent expense										$ 208,254	$ 76,802
Number of stock option shares vested but not yet granted									144,001	144,001
Stock option vested period										2 years
Future minimum payments due for future profit sharing under the contract									$ 4,000,000	$ 4,000,000
Accrued compensation									$ 87,500	$ 87,500
Number of stock unvested during the period									2,160,000	2,160,000
Percentage of fee amount raised									1.50%	1.50%
Minimum advance payable									$ 150,000	$ 150,000
Advisor [Member]
Accrued expense									150,000	150,000
Payment to advisor in advance						$ 10,000
Receive number of shares granted equal to behalf of monthly payment						$ 50,000
Shares issued price per share						$ 0.62
Number of shares granted						241,935
William Krueger [Member]
Seeking damages amount	$ 74,500
Consulting Agreement [Member] | Third Party [Member]
Monthly base payment							$ 10,000
ABG Contract [Member]
Future minimum payments due for future profit sharing under the contract									$ 2,100,000	$ 2,100,000
Employment Agreement [Member]
Number of stock option issued		2,304,000
Stock option vested period		24 months
Employment Agreement [Member] | Advisor [Member]
Number of stock option issued		1,152,000
Employment Agreement [Member] | Managing Director [Member]
Number of stock option issued		1,152,000
Payment to employees		$ 12,000
Pulse Entertainment Corporation [Member] | Advisor [Member]
Number of unregistered common stock issued during period					224,869
Pulse Entertainment Corporation [Member] | Business Development Agreement [Member]
Maximum potential equity consideration								200,000
Stock options exercise price								$ 1.73
Number of stock option issued									100,000
Maximum number of stock option issued									50,000	50,000
Number of stock option shares vested but not yet granted									125,000	125,000
Pulse Entertainment Corporation [Member] | Consulting Agreement [Member]
Number of unregistered common stock issued during period										144,000
Accrued expense									$ 89,245	$ 89,245
Pulse Entertainment Corporation [Member] | Consulting Agreement [Member] | Restricted Stock [Member]
Number of restricted common stock which vested shares										1,152,000
Stock option vested period										2 years
January 1, 2016 [Member]
Increase in lease expenses										$ 15,252
Leases Office [Member]
Monthly lease expense				$ 7,300

Capitalization (Details Narrati

Capitalization (Details Narrative) - USD ($)	Dec. 31, 2014	Sep. 30, 2014	Sep. 26, 2014	Jun. 30, 2014	Dec. 09, 2013	Nov. 30, 2014	Sep. 30, 2014	May. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015	Feb. 28, 2015	Feb. 15, 2014
Number of common stock shares sold											3,800,000
Proceeds from sale of common stock										$ 4,916,590	$ 5,211,331
Ownership interest percentage								100.00%
Par value of stock				$ 0.001					$ 0.001	$ 0.001	$ 0.001	$ 0.001
Additional paid in capital				$ 9,116,789					$ 19,745,217	$ 9,116,789	$ 19,745,217	$ 9,116,789
Stock compensation expense											$ 62,522
Warrants to purchase of common stock shares									324,000		324,000
Warrants exercise price per share									$ 0.01		$ 0.01
Warrants term											5 years
Preferred stock shares issued				0					18,848,184	0	18,848,184	0
Preferred stock par value				$ 0.001					$ 0.001	$ 0.001	$ 0.001	$ 0.001
Fund development and operating expenses paid monthly installments	$ 50,000
Series A Convertible Preferred Stock [Member]
Preferred stock shares issued														18,848,184
Preferred stock par value														$ 0.001
Series A-1 Preferred Stock [Member]
Preferred stock par value									0.31		0.31
Series A-2 Preferred Stock [Member]
Common stock at average price									5		5
Preferred stock par value									$ 0.62		$ 0.62
Percentage of amount equal to participate in revenue generated									25000000000.00%		25000000000.00%
Advisor [Member]
Number of common stock shares issued for services											1,598,906
Pulse Entertainment Corporation [Member]
Ownership interest percentage									99.80%		99.80%
Liability recognized for portion of shares not issued				$ 456,653						$ 456,653		$ 456,653
Shares issued in payment of liability											1,461,946
Pulse Entertainment Corporation [Member] | Advisor [Member]
Number of unregistered common stock shares issued				224,869
Number of common stock shares earned				488,830
Success fee payable percentage				6.00%						6.00%		6.00%
Percentage of shares issued for service				3.00%						3.00%		3.00%
Consultant [Member]
Par value of stock									$ 124		$ 124
Additional paid in capital									$ 76,922		$ 76,922
Number of common stock shares issued for services						124,268
Advisor [Member]
Par value of stock									$ 1,599		$ 1,599
Additional paid in capital									$ 521,369		$ 521,369
Shareholder [Member]
Warrants to purchase of common stock shares									324,000		324,000
Warrants exercise price per share									$ 0.01		$ 0.01
Warrants term											5 years
Vendors [Member]
Par value of stock									$ 635		$ 635
Additional paid in capital									$ 393,324		$ 393,324
Number of common stock shares issued for services											635,107
Two Holders [Member]
Number of stock converted shares issued											12,848,184
Number of stock converted											12,848,184
Private Placement [Member]
Common stock at average price				$ 1.19					$ 0.53	$ 1.19	$ 0.53	$ 1.19
Number of common stock shares sold											9,691,185	4,127,696
Proceeds from sale of common stock											$ 5,059,308	$ 4,916,590
Private placements net of fees											$ 116,060
Number of unregistered common stock shares issued											9,691,185
Convertible Securities Purchase Agreement [Member]
Percentage of shares paid by other purchasers of preferred stock															60.00%
Convertible securities shares convertible into shares of common stock								1,734,104
Common stock at average price								$ 1.73
Convertible Securities Purchase Agreement [Member] | Single Investor [Member]
Convertible securities shares sold during the period					1,734,104
Convertible securities price per share					$ 1.73
Investment amount					$ 2,800,000
Stock Purchase Agreement [Member] | Taku Toguichi [Member]
Related party funded amount											$ 806,000
Number of unregistered common stock exchanged during period											1,300,000
Share Exchange Agreement [Member] | Pulse Entertainment Corporation [Member]
Number of unregistered common stock shares issued		7,399,426	58,362,708
Number of unregistered common stock issued for cancellation		35,827,309									58,163,322
Exchange of cancellations stock common stock issued during period		17,466,383
Agreed to cancellations of stock for share exchange		60,910,113
Ownership interest percentage									93.80%		93.80%
Common stock exchange for unregistered common stock		1,366,000
Share Exchange Agreement [Member] | Pulse Entertainment Corporation [Member] | Advisor [Member]
Shares issued in payment of liability							1,461,946
Par value of stock									$ 1,492		$ 1,492
Additional paid in capital									$ 455,191		$ 455,191
Share Exchange Agreement [Member] | Pulse Entertainment Corporation [Member] | July 2015 [Member]
Number of unregistered common stock shares issued											7,399,426
Ownership interest percentage									100.00%		100.00%
Common stock exchange for unregistered common stock											36,000
Number of unregistered common stock issued											199,386
Financial Services And Advisory Agreement [Member] | Consultant [Member]
Stock compensation expense							$ 368,305
Stock compensation expense upon issuance of common stock							594,039
Revenue Participation Rights and Stock Purchase Agreement [Member] | Holotrack AG [Member]
Preferred stock shares issued									18,848,184		18,848,184
Percentage of amount equal to participate in revenue generated													10.00%
Fund development and operating expenses									$ 3,720,000
Fund development and operating expenses paid monthly installments											$ 620,000
Number of stock converted shares issued									6,000,000
Number of stock converted									12,848,184

Stock Based Compensation (Detai

Stock Based Compensation (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2014	Jun. 30, 2015
Number of stock options to purchase of common stock shares		1,152,006
Stock option vested period		2 years
Shares based compensation weighted average exercise price per share		$ 0.25
Number of shares vested during the period		144,001
Stock option grant date fair value price per share		$ 0.43
Recognized stock-based compensation expense		$ 62,522
Unrecognized stock compensation expense		$ 437,651
Stock option recognize over a period		1 year 9 months
Warrants exercise price per share		$ 0.01
Warrants term		5 years
Warrants to purchase of common stock shares		324,000
Multiyear Agreement [Member] | ABG Contract [Member]
Number of warrants issued during the period	2,800,000
Warrants exercise price per share	$ 0.35
Warrants term	10 days

Stock Based Compensation - Sche

Stock Based Compensation - Schedule of Fair Value of Grant Estimated Assumptions (Details)	12 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate	1.42%
Dividend yield	0.00%
Expected stock price volatility	53.25%
Expected term (in years)	5 years
Expected forfeiture rate	0.00%

Stock Based Compensation - Sc42

Stock Based Compensation - Schedule of Warrants Activity (Details) - Warrant [Member]	12 Months Ended
	Mar. 31, 2015$ / sharesshares
Number of Warrants outstanding, Beginning balance
Number of Warrants granted	3,124,000
Number of Warrants terminated
Number of Warrants Exercised
Number of Warrants outstanding, Ending balance	3,124,000
Weighted average exercise price, Outstanding warrants Beginning balance | $ / shares
Weighted average exercise price, Warrants granted | $ / shares	$ 0.31
Weighted average exercise price, Warrants exercised | $ / shares
Weighted average exercise price, Outstanding warrants Ending balance | $ / shares	$ 0.31

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Federal [Member]
Operating loss carry forward	$ 20,428,253	$ 8,311,072
State [Member]
Operating loss carry forward	$ 19,262,096	$ 8,311,072
Federal and State [Member]
Net operating loss carry forwards expire date	2,034

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision For Income Taxes (Details)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Accounting Policies [Abstract]
U.S. federal statutory income tax rate	34.00%	34.00%
State taxes, net of federal benefit	3.00%	3.60%
Permanent items	(0.10%)	(0.10%)
Change in valuation allowance	(36.90%)	(37.50%)
Effective tax rate	0.00%	0.00%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Accounting Policies [Abstract]
Net federal operating loss carry forward	$ 6,945,606	$ 2,825,765
Net state operating loss carry forward	660,004	$ 301,692
Accrued Expenses	169,335
Stock Options	23,527
Depreciation & Intangibles	127,672	$ (392)
Net deferred tax assets before valuation allowance	7,926,143	3,127,065
Valuation allowance	$ (7,926,143)	$ (3,127,065)
Net deferred tax assets after valuation allowance

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	9 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2015
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	22,535,399	25,483,570
Share Exchange Right of Subsidiary Shareholders [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	22,535,399	199,380
Unvested Restricted Stock [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share		2,160,000
Unvested Stock Options [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share		1,152,006
Series A Convertible Preferred Stock [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share		18,848,184
Warrant [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share		3,124,000

Earnings (Loss) Per Share - S47

Earnings (Loss) Per Share - Schedule of Weighted Average Common Stock Outstanding (Details) - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2015
Earnings Per Share [Abstract]
Net loss attributable to common shareholders	$ (8,465,066)	$ (12,521,204)
Weighted average number of common shares outstanding in computing basic and diluted earnings per share	100,135,655	127,879,760
Total	$ (0.08)	$ (0.10)

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Dec. 31, 2014	Dec. 10, 2014	Jul. 31, 2014	Apr. 30, 2014	Jun. 30, 2015
Secured promissory note face amount		$ 250,000
Secured promissory note bears interest rate		8.00%
Unpaid principal amount					$ 230,000
Interest payable					3,218
Unpaid principal and accrued interest due date		Jan. 31, 2015
Payment of period amount	$ 50,000
Paid Before December 31, 2014 [Member]
Payment of period amount		$ 25,000
Paid After December 31, 2014 [Member]
Payment of period amount		$ 50,000
Board of Directors [Member]
Payment to related parties					$ 100,000
Pulse Entertainment Corporation [Member] | Asset Transfer and Assignment Agreement [Member]
Transfer of property and equipment with a historical cost				$ 14,000
Transfer of general liabilities with historical cost				81,100
Transfer of net liabilities				$ 67,000
Payment to related parties			$ 81,100

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)

Feb. 27, 2016

Feb. 26, 2016

Jan. 28, 2016

Mar. 31, 2016

Jan. 31, 2016

Dec. 31, 2015

Nov. 30, 2015

Sep. 30, 2015

Aug. 31, 2015

Jul. 31, 2015

Jul. 31, 2015

Jun. 30, 2015

May. 18, 2016

Nov. 02, 2015

Oct. 31, 2015

Aug. 13, 2015

Aug. 12, 2015

Feb. 28, 2015

Dec. 10, 2014

Jun. 30, 2014

Stock vesting period

2 years

Debt face amount

$ 250,000

Debt interest rate

8.00%

Series A Convertible Preferred stock, shares issued

18,848,184

0

Common stock shares issued

131,758,682

109,627,349

Common stock value

$ 131,758

$ 109,627

Series A Convertible Preferred stock, shares authorized

100,000,000

100,000,000

Series A Convertible Preferred stock, shares outstanding

18,848,184

0

Series A Convertible Preferred Stock [Member]

Series A Convertible Preferred stock, shares issued

18,848,184

Subsequent Event [Member]

Number of common stock shares exchange for cash

199,386

Number of stock option issued for services granted

200,000

Common stock price per share

$ 1

$ 0.62

Stock vesting period

2 years

Number of common stock shares issued for services

1,000,000

Debt face amount

$ 2,700,000

$ 620,000

Debt interest rate

7.00%

Repurchase of common stock values

$ 5,000,000

Common stock shares issued

14,760,000

Common stock value

$ 10,000,000

Percentage of shares received

50.00%

Agreement term

3 years

3 years

Issuance of warrant to purchase of common stock, shares

36,678,000

Cash consideration paid

$ 300,000

Conversion of notes shares issued

4,800,000

Capital stock, authorized

100,000,000

Subsequent Event [Member] | Float [Member]

Common stock shares issued

7,250,000

Common stock value

$ 1,000,000

Percentage of shares received

100.00%

Agreement term

36 months

Subsequent Event [Member] | Second Quarter 2016 [Member]

Maximum number of common stock repurchased

257,072

Subsequent Event [Member] | Third Quarter 2016 [Member]

Maximum number of common stock repurchased

309,622

Subsequent Event [Member] | Mr. Bernhard Burgener [Member]

Number of common stock shares issued for services

12,000,000

Subsequent Event [Member] | Series A Convertible Preferred Stock [Member]

Series A Convertible Preferred stock, shares issued

12,000,000

18,848,184

Series A Convertible Preferred stock, shares authorized

18,848,184

Series A Convertible Preferred stock, shares outstanding

18,848,184

Number of shares authorized to issue

12,000,000

280,726

Subsequent Event [Member] | Series A Convertible Preferred Stock [Member] | Minimum [Member]

Series A Convertible Preferred stock, shares authorized

18,848,184

Subsequent Event [Member] | Series A Convertible Preferred Stock [Member] | Maximum [Member]

Series A Convertible Preferred stock, shares authorized

31,128,910

Subsequent Event [Member] | Bridge Loan [Member]

Number of stock converted shares issued

1,000,000

Debt face amount

$ 500,000

$ 620,000

Debt interest rate

10.00%

15.00%

Number of equity coverage of common stock

248,000

Debt finacing

$ 356,000

Subsequent Event [Member] | Bridge Loan [Member] | Mr. Bernhard Burgener [Member]

Debt face amount

$ 1,000,000

Debt interest rate

7.00%

Subsequent Event [Member] | Service Provider [Member]

Percentage of money received for producing and presenting the performance

3.00%

Number of common stock shares issued for services

3,000,000

Subsequent Event [Member] | One Holders [Member]

Number of stock cancelled

280,726

Number of stock cancelled for conversion

280,726

Subsequent Event [Member] | Holotrack AG [Member] | Bridge Loan [Member]

Debt face amount

$ 1,000,000

Debt interest rate

7.00%