Pulse Evolution (PLFX) 10-Q 10 Aug 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Aug. 08, 2016
Document And Entity Information
Entity Registrant Name	Pulse Evolution Corp
Entity Central Index Key	1,583,138
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		163,133,343
Trading Symbol	PLFX
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Current assets:
Cash	$ 31,756	$ 899,174
Prepaid legal fees	57,026	54,526
Prepaid deposits and other assets	109,353	86,673
Total current assets	198,135	1,040,373
Property and equipment, net	43,775	43,169
Intangible assets and other assets	1,830,517	1,946,817
Total assets	2,072,427	3,030,359
Current liabilities:
Accounts payable	1,316,064	1,243,351
Accrued expenses	2,199,141	1,663,110
Note payable, net of deferred financing cost of $543,000 and $0 at September 30, 2015 and June 30, 2015, respectively	595,099
Related party note payable	220,000	230,000
Total liabilities	4,330,304	3,136,461
Commitments and Contingencies
Redeemable common stock, $0.001 par value, 3,800,000 issued and outstanding at September 30, 2015 and June 30, 2015	1,350,000	1,350,000
Shareholders’ equity (deficit):
Series A Convertible Preferred stock, 100,000,000 shares authorized at par value of $0.001 per share, 19,128,910 and 18,848,184 issued and outstanding at September 30, 2015 and June 30, 2015, respectively	19,129	18,848
Common stock, 300,000,000 shares authorized at par value of $0.001 per share, 131,677,343 and 131,758,682 issued and outstanding at September 30, 2015 and June 30, 2015, respectively	131,677	131,758
Subscription receivable	(1,253)	(1,253)
Additional paid in capital	19,807,539	19,745,217
Accumulated deficit	(23,564,969)	(21,336,956)
Total Pulse Evolution Corporation equity	(3,607,877)	(1,442,386)
Non-controlling interests		(13,716)
Total shareholders’ equity (deficit)	(3,607,877)	(1,456,102)
Total liabilities and shareholders’ equity (deficit)	$ 2,072,427	$ 3,030,359

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Statement of Financial Position [Abstract]
Note payable, deferred financing cost	$ 543,000	$ 0
Redeemable common stock, par value	$ 0.001	$ 0.001
Redeemable common stock, issued	3,800,000	3,800,000
Redeemable common stock, outstanding	3,800,000	3,800,000
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	19,128,910	18,848,184
Series A Convertible Preferred stock, shares outstanding	19,128,910	18,848,184
Common stock, shares authorized	300,000,000	300,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	131,677,343	131,758,682
Common stock, shares outstanding	131,677,343	131,758,682

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statement of Operations
Revenues		$ 88,151
Expenses:
Stock based compensation expenses	241,082	368,305
Other Costs and expenses	1,736,529	3,203,783
Total expenses	1,977,611	3,572,088
Operating loss	(1,977,611)	(3,483,937)
Interest expense	236,686
Net loss before non-controlling interests	(2,214,297)	(3,483,937)
Net loss attributable to non-controlling interests		516,853
Net loss attributable to common shareholders	$ (2,214,297)	$ (2,967,084)
Basic and Diluted loss per share attributable to Pulse Evolution Corporation common shareholders	$ (0.02)	$ (0.03)
Weighted average number of common shares outstanding:
Basic and Diluted	131,612,326	113,490,252

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net loss	$ (2,214,297)	$ (2,967,084)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	118,624	50,261
Share-based compensation expense	62,522	368,305
Loss on shares issued in connection with debt	148,800
Amortization of debt discount	77,500
Changes in operating assets and liabilities:
Prepaid legal fees	(2,500)
Prepaid deposits and other assets	(22,680)	21,999
Accounts payable	72,713	304,479
Accrued expenses	(232,769)	155,237
Net cash used in operating activities	(1,992,087)	(2,583,656)
Cash flows from investing activities:
Purchase of property and equipment	(2,930)	(1,374)
Purchase of licensing rights		(1,000,000)
Net cash used in investing activities:	(2,930)	(1,001,374)
Cash flows from financing activities:
Net proceeds from sales of common stock		2,308,743
Proceeds of note payable, net of financing costs	1,137,599
Repayments of related party note payable	(10,000)
Net cash provided by financing activities:	1,127,599	2,308,743
Net decrease in cash and cash equivalents	(867,418)	(1,276,287)
Cash and cash equivalents, beginning of period	899,174	1,539,719
Cash and cash equivalents, end of period	31,756	263,432
Supplement cash flow information:
Payment of payable in common stock		456,653
Exchange warrant option issued to acquire licensing rights		476,000
Common stock converted to Preferred stock	$ 281

Basis of Presentation and Busin

Basis of Presentation and Business Description	3 Months Ended
	Sep. 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 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 three months ended September 30, 2015 and 2014 and as of June 30, 2015. Liquidity During the quarter and subsequent to the quarter end, the Company raised significant 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 $18.0 million of core development capital from inception through September 30, 2015, consisting of $16.6m of equity and $1.4m of debt. 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 $25,000,000 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 quarter 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 $10,000,000 equity investment from Original Force and U9 and in June 2016 we signed a term sheet for an equity investment of $50,000,000, of which $2,500,000 has been received and the remainder is to be paid in two installments through December 31, 2016. The term sheet is non-binding except for certain clauses, including a restriction on our ability to raise capital from 3rd parties. We have analyzed our liquidity requirements and have determined that we have sufficient liquidity or access to other sources of capital to support our core operations for the 12 months from the balance sheet date. Beyond that, the Company will need to close the remainder of the $50m investment or raise production funds, lines of credit or core capital to support the launch of our shows and for corporate operations. Basis of Presentation and Consolidation The accompanying condensed 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 quarters ended September 30, 2015 and 2014. 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 condensed consolidated financial statements, which includes Pulse Entertainment and all other subsidiaries.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The Company’s condensed 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 September 30, 2015, the Company’s cash balances held within one financial institution were within 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 September 30, 2015 and 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 September 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. For the three months ended September 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 April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The guidance requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. The standard also aligns the GAAP presentation with International Financial Reporting Standards and will remedy the long-standing conflict with the guidance in FASB Concepts Statement No. 6, Elements of Financial Statements, which indicates that debt issuance costs do not meet the definition of an asset, because they provide no future economic benefit. For public entities, the standard is effective for financial statements issued for fiscal years beginning after December 15, 2014, and interim periods within fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. The Company has implemented ASU 2015-03 at September 30, 2015. In May 2014, the FASB issued guidance that requires companies to recognize revenue to depict the transfer of goods and services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods and services. It also requires enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively, and improves guidance for multiple-element arrangements. The guidance applies to any entity that either enters into contracts with customers to transfer goods and services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. In July 2015, the FASB delayed the effective date of this guidance by one year. The guidance is now effective for public companies for annual periods beginning after December 15, 2017, as well as interim periods within those annual periods using either the full retrospective approach or modified retrospective approach. The Company is currently evaluating the impacts of the new guidance on its financial statements. In September 2015, the FASB issued ASU 2015-16 – Business Combinations There have been no developments to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company’s condensed consolidated financial statements, from those disclosed in the Company’s 2015 Annual Report on Form 10-K.

Property & Equipment

Property & Equipment	3 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property & Equipment	NOTE 3. PROPERTY & EQUIPMENT Property and equipment as of September 30, 2015 and June 30, 2015 consist of the following: September 30, 2015 June 30, 2015 Useful Life Computers and other equipment $ 3,900 $ 3,900 5 years Furniture and fixtures 50,285 47,355 7 years Total property and equipment, cost 54,185 51,255 Less accumulated depreciation (10,410 ) (8,086 ) Total property and equipment, net $ 43,775 $ 43,169 The range of estimated useful lives for property and equipment at September 30, 2015, and June 30, 2015 was five to seven years. Depreciation expense on property and equipment totaled $2,324 and $7,160 for the three months ended September 30, 2015 and 2014, respectively.

Intangible and Other Assets

Intangible and Other Assets	3 Months Ended
	Sep. 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 Authentic Brands Group (“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. The initial value has been capitalized and is being amortized over the length of the agreement. At September 30, 2015, forty-six months remain unamortized on the agreement. 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. The initial value has been capitalized and is being amortized over the length of the agreement. At September 30, 2015, forty-eight months remain unamortized on the agreement. Intangible assets as September 30, 2015 Cost Accumulated Amortization Net Book Value Licensing fees: Elvis $ 976,000 $ 227,733 $ 748,267 Licensing fees: Marilyn 1,350,000 270,000 1,080,000 $ 2,326,000 $ 497,733 $ 1,828,267 Intangible assets as June 30, 2015 Cost Accumulated Amortization Net Book Value Licensing fees: Elvis $ 976,000 $ 178,933 $ 797,067 Licensing fees: Marilyn 1,350,000 202,500 1,147,500 $ 2,326,000 $ 381,433 $ 1,944,567

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
Accrued Liabilities	NOTE 5. ACCRUED LIABILITIES Accrued liabilities as of September 30, 2015 and June 30, 2015 consist of the following: September 30, 2015 June 30, 2015 Payroll and payroll related liabilities $ 238,842 $ 678,791 Due to advisor 75,000 75,000 Shares to be issued for services 1,428,450 456,101 Legal settlement accrual 450,000 450,000 Other accrued expenses 6,849 3,218 Total accrued expenses $ 2,199,141 $ 1,663,110

Non-controlling Interests

Non-controlling Interests	3 Months Ended
	Sep. 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 three months ended September 30, 2015 were as follows: Balance at June 30, 2015 $ (13,716 ) Adjust for Share Exchange 13,716 Net loss attributable to non-controlling interests - Balance at September 30, 2015 $ - As of September 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	3 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 7. COMMITMENTS AND CONTINGENCIES Operating Leases The Company leased 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 at the same location. 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 three months ended September 30, 2015 and September 30, 2014 was approximately $57,473 and $53,152, respectively. Advisory Agreements 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 September 30, 2015 there were 144,000 shares issued related to this contract. There was $89,245 expensed during the three months ended September 30, 2015 included in accrued expenses as of September 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 September 30, 2015, the future minimum payments due for future profit sharing under the contract are $4,000,000. The contract was amended subsequent to the quarter end (see Note 13 – Subsequent events). 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 September 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 September 30, 2015, there have not been shares issued to the advisor. There was $150,000 expensed in a prior period and included in accrued expenses as of September 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 September 30, 2015, 864,000 shares had been vested and his balance of unvested shares was 1,440,000. As of June 30, 2015 and September 30, 2015, $268,000 and $446,000 was accrued respectively. 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. 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 from the service providers sources 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. As of September 30, 2015, these shares have not yet been earned or issued and the agreement is no longer active. 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 as of September 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. Since the quarter end, the case has been dismissed. 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	3 Months Ended
	Sep. 30, 2015
Capitalization
Capitalization	NOTE 8. CAPITALIZATION Common Stock Issued in Private Placements For the three months ended September 30, 2015, the Company did not sell any shares of its common stock. For the three months ended September 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 $2,308,743. 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, which was in transit at June 30, 2015 and received in the quarter ended September 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. Following the initial closing, the remaining shares of Pulse Entertainment common stock were exchanged by the Pulse Entertainment shareholders for stock in the Company. The Company owned 99.8% and 100%of Pulse Entertainment at June 30, 2015 and September 30, 2015 respectively. Preferred Stock Issued 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.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	NOTE 9. STOCK BASED COMPENSATION On March 27, 2015 (the “Effective Date”), the Company awarded an advisor directly related to ABG options to purchase 1,152,006 of the Company’s common stock, of which would vest in equal quarterly installments over two years, beginning three months after the Effective Date. On January 1, 2016, the Company consented to the entire agreement be assigned from the advisor to ABG, on whose behalf this advisor will continue to render services to the Company. The weighted average exercise price is $0.25 per share and 288,002 shares have vested as of September 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 three months ended September 30, 2015. Unrecognized stock compensation expense was $375,129 at September 30, 2015, which the Company expects to recognize over a period of 1.5 years. Warrants 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. Due to the fact that no revenue has been generated to date, no audited financial statements have been prepared. 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 but has been accounted for as fully exercised in the quarter ended September 30, 2015. In July 2015, the Company granted 200,000 vesting stock options to a 3 rd

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	NOTE 10. 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 three months ended September 30, 2015 and 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 three months ended September 30, 2015 and 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 three months ended September 30, 2015 and 2014, because their inclusion would have had an antidilutive effect, are summarized as follows: September 30, 2015 September 30, 2014 Share exchange right of subsidiary shareholders - 22,535,399 199,380 22,535,399 Unvested restricted stock 2,160,000 - 2,160,000 - Unvested stock options 1,064,004 - 1,152,006 Series A Preferred Stock 18,848,184 - 18,848,184 Warrants 3,124,000 2,800,000 3,124,000 - Total 25,196,188 25,335,399 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 three months ended: September 30, 2015 September 30, 2014 Net loss $ (2,214,297 ) $ (3,483,937 ) Weighted average number of common shares outstanding in computing basic and diluted earnings per share 131,612,326 113,490,252 Total $ (0.02 ) $ (0.03 )

Related Party Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 11. RELATED PARTY TRANSACTIONS 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 non-U.S. investors under Regulation S 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. 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 and September 30, 2015, the Company had unpaid principal of $230,000 and $220,000. As of June 30, 2015 and September 30, 2015, the Company had unpaid interest of $6,849 and $3,218. The note was fully repaid subsequent to the quarter end. Please refer to Note 13 – Subsequent Events for additional related party transactions that occurred after September 30, 2015.

Notes Payable

Notes Payable	3 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Notes Payable	NOTE 12. NOTES PAYABLE In June 2015, 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. The Share Purchase Agreement, dated June 25, 2015, allowed for the right but not an obligation of the buyer to invest an additional $3.2 million by August 3, 2015 (the “Second Installment”). During the quarter ended September 30, 2015, Mr Toguichi provided further funding of $161,000 but did not complete the second installment. The Company treated the amount as an unsecured loan and repaid the loan plus interest in January 2016. As of September 30, 2015, there has been $1,008 of interest expense accrued. 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. As of September 30, 2015, there has been $4,963 of interest expense accrued. The Company incurred financing costs of 1,240,000 shares to be issued with a value of $768,800 during the three months ended September 30, 2015. Of this, $148,800 was expensed immediately to interest expense and $620,000 capitalized as deferred financing costs. At September 30, 2015, the Company had $542,500 of unamortized deferred financing costs. Future amortization of the deferred financing costs will be $155,000 each quarter through the maturity date of the loan. During the three months ended September 30, 2015, the Company amortized $77,500, which is included in interest expense in the consolidated statements of operations. 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. As of September 30, 2015, there has been $878 of interest expense accrued.

Subsequent Events

Subsequent Events	3 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	NOTE 13. SUBSEQUENT EVENTS 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, in July 2016 the Company filed an amended certificate of designation with the Nevada Secretary of State, which had the effect of increasing the number of authorized Series A preferred shares from 18,848,184 shares to 31,128,910 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 though June 30, 2016. Through June 24, 2016, the Company repurchased 479,000 shares at a cost of $687,000, an average of $1.44 per share. In December 2015, the Company entered into an agreement for a $1,000,000 bridge loan with Mr Bernhard Burgener, a board member, 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 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. In January 2016, the Board approved a stock option plan providing for a pool of up 25,000,000 shares of common stock. 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 first quarter of the year ended June 30, 2017. 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 the legal services relating to this settlement. In March 2016, the Company entered into a 2 year contract with Driftwood Invest Corporation, a company related to our Vice Chairman in connection with his provision of consulting services to the Company. The contract provides for a 2 year consulting contract with a monthly retainer of $41,666.67 with either party able to terminate the contract with 3 months notice. The contract also granted 6,000,000 shares to Driftwood Invest Corporation from its stock option pool. In April 2016, the Company issued 1,033,200 warrants, with an exercise price of $0.75, to an advisor in relation to the Original Force/U9 investment. The warrant agreement allows for the right of cashless exercise. In May 2016, the Company entered into a contract with an Agency to provide pre-sale and marketing services for our shows. The contract provides for a fixed monthly fee of $65,000 per month and the grant of 1,000,000 shares of common stock. In addition, the Agency may earn a commission on sales and sponsorship revenues and addition equity of up to 1,500,000 shares of Common Stock based on revenue targets. Mr Burgener, one of our Directors, is an investor in the Agency. On June 2, 2016, the Company entered into a term sheet with an investor for the sale of 55,000,000 shares of Series B Preferred Stock for a total investment of $50 million, payable in three tranches, a convertible bridge note and two direct investments. The shares will be issued upon the completion of the investment. The bridge note, payable upon signature of the agreement, is a convertible promissory note of $2.5 million that shall be converted into Series B Stock upon completion of the direct investment or into common stock if the direct investment does not occur. The direct investment is anticipated to close in two tranches: during the quarter ended September 30, 2016 and December 31, 2016. The agreement is non-binding, except for a “no shop/exclusivity” period that ends on December 31, 2016. In June 2016, Authentic Brand Group notified the Company that it wished to execute its put right, requiring the Company to purchase from it 3,800,000 shares for a total cash price of $1,350,000 no later than June 22, 2016. As of July 26, 2016, $500,000 has been paid to Authentic Brands Group. In July 2016 the Company entered into a Joint Venture agreement with a third party to act as co-production partners on one of our live shows. Under this agreement, the third party will receive 15% of the participation earned by the Joint Venture from the live show. In addition, the third party will pay to the Company an advance of $1,500,000 against the Company’s participation from the Joint Venture.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 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 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 three months ended September 30, 2015 and 2014 and as of June 30, 2015.
Liquidity	Liquidity During the quarter and subsequent to the quarter end, the Company raised significant 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 $18.0 million of core development capital from inception through September 30, 2015, consisting of $16.6m of equity and $1.4m of debt. 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 $25,000,000 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 quarter 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 $10,000,000 equity investment from Original Force and U9 and in June 2016 we signed a term sheet for an equity investment of $50,000,000, of which $2,500,000 has been received and the remainder is to be paid in two installments through December 31, 2016. The term sheet is non-binding except for certain clauses, including a restriction on our ability to raise capital from 3rd parties. We have analyzed its liquidity requirements and have determined that we have sufficient liquidity or access to other sources of capital to support our core operations for the 12 months from the balance sheet date. Beyond that, the Company will need to close the remainder of the $50m investment or raise production funds, lines of credit or core capital to support the launch of our shows and for corporate operations.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying condensed 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 quarters ended September 30, 2015 and 2014. 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 condensed consolidated financial statements, which includes Pulse Entertainment and all other subsidiaries.
Use of Estimates	Use of Estimates The Company’s condensed 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 September 30, 2015, the Company’s cash balances held within one financial institution were within 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 September 30, 2015 and 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 September 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. For the three months ended September 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 April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The guidance requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. The standard also aligns the GAAP presentation with International Financial Reporting Standards and will remedy the long-standing conflict with the guidance in FASB Concepts Statement No. 6, Elements of Financial Statements, which indicates that debt issuance costs do not meet the definition of an asset, because they provide no future economic benefit. For public entities, the standard is effective for financial statements issued for fiscal years beginning after December 15, 2014, and interim periods within fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. The Company has implemented ASU 2015-03 at September 30, 2015. In May 2014, the FASB issued guidance that requires companies to recognize revenue to depict the transfer of goods and services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods and services. It also requires enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively, and improves guidance for multiple-element arrangements. The guidance applies to any entity that either enters into contracts with customers to transfer goods and services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. In July 2015, the FASB delayed the effective date of this guidance by one year. The guidance is now effective for public companies for annual periods beginning after December 15, 2017, as well as interim periods within those annual periods using either the full retrospective approach or modified retrospective approach. The Company is currently evaluating the impacts of the new guidance on its financial statements. In September 2015, the FASB issued ASU 2015-16 – Business Combinations There have been no developments to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company’s condensed consolidated financial statements, from those disclosed in the Company’s 2015 Annual Report on Form 10-K.

Property & Equipment (Tables)

Property & Equipment (Tables)	3 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property & Equipment	Property and equipment as of September 30, 2015 and June 30, 2015 consist of the following: September 30, 2015 June 30, 2015 Useful Life Computers and other equipment $ 3,900 $ 3,900 5 years Furniture and fixtures 50,285 47,355 7 years Total property and equipment, cost 54,185 51,255 Less accumulated depreciation (10,410 ) (8,086 ) Total property and equipment, net $ 43,775 $ 43,169

Intangible and Other Assets (Ta

Intangible and Other Assets (Tables)	3 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets as September 30, 2015 Cost Accumulated Amortization Net Book Value Licensing fees: Elvis $ 976,000 $ 227,733 $ 748,267 Licensing fees: Marilyn 1,350,000 270,000 1,080,000 $ 2,326,000 $ 497,733 $ 1,828,267 Intangible assets as June 30, 2015 Cost Accumulated Amortization Net Book Value Licensing fees: Elvis $ 976,000 $ 178,933 $ 797,067 Licensing fees: Marilyn 1,350,000 202,500 1,147,500 $ 2,326,000 $ 381,433 $ 1,944,567

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities as of September 30, 2015 and June 30, 2015 consist of the following: September 30, 2015 June 30, 2015 Payroll and payroll related liabilities $ 238,842 $ 678,791 Due to advisor 75,000 75,000 Shares to be issued for services 1,428,450 456,101 Legal settlement accrual 450,000 450,000 Other accrued expenses 6,849 3,218 Total accrued expenses $ 2,199,141 $ 1,663,110

Non-Controlling Interests (Tabl

Non-Controlling Interests (Tables)	3 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Schedule of Change in Noncontrolling Interest	Changes in the non-controlling interest amounts of our subsidiaries for the three months ended September 30, 2015 were as follows: Balance at June 30, 2015 $ (13,716 ) Adjust for Share Exchange 13,716 Net loss attributable to non-controlling interests - Balance at September 30, 2015 $ -

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Sep. 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 three months ended September 30, 2015 and 2014, because their inclusion would have had an antidilutive effect, are summarized as follows: September 30, 2015 September 30, 2014 Share exchange right of subsidiary shareholders - 22,535,399 199,380 22,535,399 Unvested restricted stock 2,160,000 - 2,160,000 - Unvested stock options 1,064,004 - 1,152,006 Series A Preferred Stock 18,848,184 - 18,848,184 Warrants 3,124,000 2,800,000 3,124,000 - Total 25,196,188 25,335,399 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 three months ended: September 30, 2015 September 30, 2014 Net loss $ (2,214,297 ) $ (3,483,937 ) Weighted average number of common shares outstanding in computing basic and diluted earnings per share 131,612,326 113,490,252 Total $ (0.02 ) $ (0.03 )

Basis of Presentation and Bus25

Basis of Presentation and Business Description (Details Narrative) - USD ($)	Sep. 30, 2014	Sep. 26, 2014	Jul. 31, 2015	Jun. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Core development capital					$ 18,000,000
Equity					16,600,000
Debt					1,400,000
Development and operating financing					25,000,000
Equity investment					50,000,000
January 2016 [Member] | Original Force and U9 [Member]
Equity investment					10,000,000
June 2016 [Member] | Original Force and U9 [Member]
Equity investment					50,000,000
Proceeds from equity investment					$ 2,500,000
Share Exchange Agreement [Member] | Pulse Entertainment Corporation [Member]
Number of unregistered common stock issued during period		58,362,708	7,399,426
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

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Details Narrative)	3 Months Ended
	Sep. 30, 2015USD ($)Segment	Sep. 30, 2014USD ($)
Cash balances current insured amounts under Federal Deposit Insurance Corporation
Allowance for doubtful accounts
Impairment of intangible assets
Number of segment reporting | Segment	1
Income tax expense
Computers and Other Equipment [Member]
Property and equipment useful life	5 years
Furniture and Fixtures [Member]
Property and equipment useful life	7 years

Property & Equipment (Details N

Property & Equipment (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Depreciation expense	$ 2,324	$ 7,160
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 ($)	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Total property and equipment, cost	$ 54,185	$ 51,255
Less accumulated depreciation	(10,410)	(8,086)
Total property and equipment, net	43,775	43,169
Computers and Other Equipment [Member]
Total property and equipment, cost	$ 3,900	3,900
Property and equipment estimated useful lives	5 years
Furniture and Fixtures [Member]
Total property and equipment, cost	$ 50,285	$ 47,355
Property and equipment estimated useful lives	7 years

Intangible and Other Assets (De

Intangible and Other Assets (Details Narrative) - Multiyear Agreement [Member]	3 Months Ended
	Sep. 30, 2015
Authentic Brands Group [Member]
Intangible assets remain unamortized period	46 months
Estate of Marilyn Monroe, LLC [Member]
Intangible assets remain unamortized period	48 months

Intangible and Other Assets - S

Intangible and Other Assets - Schedule of Intangible Assets (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Intangible assets Cost	$ 2,326,000	$ 2,326,000
Intangible assets Accumulated Amortization	497,733	381,433
Intangible assets Net Book Value	1,828,267	1,944,567
Elvis Presley [Member]
Intangible assets Cost	976,000	976,000
Intangible assets Accumulated Amortization	227,733	202,500
Intangible assets Net Book Value	748,267	797,067
Marilyn Monroe [Member]
Intangible assets Cost	1,350,000	1,350,000
Intangible assets Accumulated Amortization	270,000	178,933
Intangible assets Net Book Value	$ 1,080,000	$ 1,147,500

Accrued Liabilities - Schedule

Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Payables and Accruals [Abstract]
Payroll and payroll related liabilities	$ 238,842	$ 678,791
Due to advisor	75,000	75,000
Shares to be issued for services	1,428,450	456,101
Legal settlement accrual	450,000	450,000
Other accrued expenses	6,849	3,218
Total accrued expenses	$ 2,199,141	$ 1,663,110

Noncontrolling Interests - Sche

Noncontrolling Interests - Schedule of Change in Noncontrolling Interest (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Noncontrolling Interest [Abstract]
Balance at the beginning	$ (13,716)
Adjust for share exchange	13,716
Net loss attributable to non-controlling interests
Balance at the end

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	May 27, 2015	Apr. 02, 2015	Mar. 02, 2015	Jan. 02, 2015	Jul. 31, 2015	Mar. 31, 2015	Oct. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
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								$ 57,473	$ 53,152
Accrued expense								446,000		$ 268,000
Future minimum payments due for future profit sharing under the contract								4,000,000
Accrued compensation								$ 87,500
Number of stock option shares vested but not yet granted								864,000
Number of stock unvested during the period								1,440,000
Percentage of fee amount raised								1.50%
Minimum advance payable								$ 150,000
Advisor [Member]
Accrued expense								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
Service Provider [Member]
Percentage of money received from producing and presenting the performances					3.00%
Number of common stock shares issued for services					3,000,000
Consulting Agreement [Member] | Third Party [Member]
Monthly base payment							$ 10,000
Number of restricted common stock which vested shares							1,152,000
Stock option vested period							2 years
ABG Contract [Member]
Future minimum payments due for future profit sharing under the contract								$ 2,100,000
Employment Agreement [Member]
Stock option vested period		24 months
Number of stock option issued		2,304,000
Employment Agreement [Member] | Advisor [Member]
Number of stock option issued		1,152,000
Employment Agreement [Member] | Managing Director [Member]
Payment to employees		$ 12,000
Number of stock option issued		1,152,000
Pulse Entertainment Corporation [Member] | Consulting Agreement [Member]
Number of unregistered common stock issued during period								144,000
Accrued expense								$ 89,245
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 ($)	Sep. 30, 2014	Aug. 31, 2015	Jun. 30, 2015	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2015
Proceeds from sale of common stock						$ 2,308,743
Preferred stock shares issued			18,848,184	19,128,910			18,848,184
Pulse Entertainment Corporation [Member]
Ownership interest percentage			99.80%	100.00%			99.80%
One Holders [Member]
Number of common stock shares cancelled during the period		280,726
Preferred stock shares issued		280,726
Private Placement [Member]
Common stock at average price	$ 1.19					$ 1.19
Number of common stock shares sold						4,127,696
Proceeds from sale of common stock						$ 2,308,743
Stock Purchase Agreement [Member] | Taku Toguichi [Member]
Related party funded amount			$ 806,000	$ 161,000			$ 806,000
Number of unregistered common stock exchanged during period			1,300,000				1,300,000
Share Exchange Agreement [Member] | Pulse Entertainment Corporation [Member]
Number of common stock shares cancelled during the period	35,827,309				15,135,973
Exchange of cancellations stock common stock issued during period	17,466,383

Stock Based Compensation (Detai

Stock Based Compensation (Details Narrative) - USD ($)	Mar. 27, 2015	Jul. 31, 2015	Aug. 31, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Number of shares vested during the period				864,000
Recognized stock-based compensation expense				$ 241,082	$ 368,305
ABG Contract [Member]
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				288,002
Stock option grant date fair value price per share				$ 0.43
Recognized stock-based compensation expense				$ 62,522
Unrecognized stock compensation expense				$ 375,129
Stock option recognize over a period				1 year 6 months
Shareholder [Member]
Warrants exercise price per share						$ 0.01
Warrants term				5 years
Warrants to purchase of common stock shares						324,000
Third Party Services Provider [Member]
Stock option vested period		2 years
Shares based compensation weighted average exercise price per share		$ 0.62
Stock options shares granted		200,000
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

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share Exchange Right of Subsidiary Shareholders [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share		199,380
Unvested Restricted Stock [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	2,160,000	2,160,000
Unvested Stock Options [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	1,064,004	1,152,006
Series A Preferred Stock [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	18,848,184	18,848,184
Warrant [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	3,124,000	3,124,000
Total [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	25,196,188	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	22,535,399
Unvested Restricted Stock [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share
Unvested Stock Options [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share
Series A Preferred Stock [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share
Warrant [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	2,800,000
Total [Member]
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	25,335,399	22,535,399

Earnings (Loss) Per Share - S37

Earnings (Loss) Per Share - Schedule of Weighted Average Common Stock Outstanding (Details) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Net loss attributable to common shareholders	$ (2,214,297)	$ (3,483,937)
Weighted average number of common shares outstanding in computing basic and diluted earnings per share	131,612,326	113,490,252
Total	$ (0.02)	$ (0.03)

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Sep. 30, 2015	Jun. 30, 2015	Dec. 10, 2014
Related Party Transactions [Abstract]
Secured promissory note face amount			$ 250,000
Secured promissory note bears interest rate			8.00%
Unpaid principal amount	$ 220,000	$ 230,000
Interest payable	$ 3,218	$ 6,849

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Aug. 31, 2015	Jun. 25, 2015	Dec. 10, 2014
Interest expense accrued	$ 6,849	$ 3,218		$ 6,849
Debt face amount							$ 250,000
Debt interest rate							8.00%
Amortization of debt discount		77,500
Related Party [Member]
Interest expense accrued		878
Debt face amount		$ 620,000
Debt interest rate		15.00%
Unamortized deferred financing costs		$ 356,000
Number of equity coverage of common stock shares		248,000
Bridge Loan [Member]
Interest expense accrued		$ 4,963
Debt face amount					$ 620,000
Debt interest rate					7.00%
Number of common stock shares issued for incurred financing costs		1,240,000
Number of common stock issued for incurred financing costs		$ 768,800
Interest expense		148,800
Deferred financing costs		620,000
Unamortized deferred financing costs		542,500
Future amortization of deferred financing costs		155,000
Amortization of debt discount		77,500
Stock Purchase Agreement [Member]
Investment amount						$ 3,200,000
Stock Purchase Agreement [Member] | Taku Toguichi [Member]
Related party funded amount	$ 806,000	161,000		$ 806,000
Number of unregistered common stock exchanged during period	1,300,000			1,300,000
Interest expense accrued		$ 1,008

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)

Jun. 26, 2016

Jun. 02, 2016

Feb. 27, 2016

Feb. 26, 2016

Jan. 28, 2016

Jul. 31, 2016

Jun. 30, 2016

May 31, 2016

Apr. 30, 2016

Mar. 31, 2016

Jan. 31, 2016

Dec. 31, 2015

Jun. 24, 2016

Nov. 30, 2015

Nov. 02, 2015

Oct. 31, 2015

Sep. 30, 2015

Aug. 31, 2015

Aug. 13, 2015

Jun. 30, 2015

Dec. 10, 2014

Debt face amount

$ 250,000

Debt interest rate

8.00%

Preferred stock, shares issued

19,128,910

18,848,184

Preferred stock, shares authorized

100,000,000

100,000,000

Preferred stock, shares outstanding

19,128,910

18,848,184

Common stock shares issued

131,677,343

131,758,682

Common stock value

$ 131,677

$ 131,758

Bridge Loan [Member]

Debt face amount

$ 620,000

Debt interest rate

7.00%

Subsequent Event [Member]

Debt face amount

$ 2,700,000

Capital stock, authorized

100,000,000

Stock repurchase program shares authorized

479,000

5,000,000

Stock repurchase program cost

$ 687,000

Stock repurchase program shares issued price per share

$ 1.44

Number of common stock shares issued for services

1,000,000

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

Common stock price per share

$ 1

Cash consideration paid

$ 300,000

Conversion of notes shares issued

4,800,000

Subsequent Event [Member] | Joint Venture Agreement [Member]

Percentage of proceeds from the participation earned by the Joint Venture

15.00%

Advance receive from third party

$ 1,500,000

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] | Stock Option Plan [Member]

Number of common stock options issued

25,000,000

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

Number of common stock shares issued for services

12,000,000

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

Preferred stock, shares issued

12,000,000

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

Preferred stock, shares issued

18,848,184

Preferred stock, shares authorized

18,848,184

Preferred stock, shares outstanding

18,848,184

Number of shares authorized to issue

12,000,000

280,726

Excess of shares issued

12,280,726

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

Preferred stock, shares authorized

18,848,184

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

Preferred stock, shares authorized

31,128,910

Subsequent Event [Member] | Driftwood Investment Corp [Member]

Contract term

2 years

Consulting expense

$ 41,667

Stock option shares granted

6,000,000

Subsequent Event [Member] | Advisor [Member]

Number of warrants issued during the period

1,033,200

Warrants price per share

$ 0.75

Subsequent Event [Member] | Agency [Member]

Number of common stock options issued

1,500,000

Consulting expense

$ 65,000

Stock option shares granted

1,000,000

Subsequent Event [Member] | Investor [Member] | Series B Preferred Stock [Member]

Number of common stock shares sold during the period

55,000,000

Investment amount

$ 50,000,000

Convertible promissory note

$ 2,500,000

Subsequent Event [Member] | Authentic Brand Group [Member]

Cash consideration paid

$ 500,000

Number of common stock shares purchase during the period

3,800,000

Number of common stock purchase during the period

$ 1,350,000

Subsequent Event [Member] | Bridge Loan [Member]

Debt face amount

$ 500,000

Debt interest rate

10.00%

Number of equity coverage of common stock shares

1,000,000

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

Debt face amount

$ 1,000,000

Debt interest rate

7.00%

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

Debt face amount

$ 1,000,000

Debt interest rate

7.00%