Leafbuyer (LBUY) 10-K 28 Sep 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2018	Sep. 28, 2018	Dec. 31, 2017
Document And Entity Information
Entity Registrant Name	LEAFBUYER TECHNOLOGIES, INC.
Entity Central Index Key	1,643,721
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 31,882,000
Entity Common Stock, Shares Outstanding		42,747,228
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2018

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 375,938	$ 164,680
Accounts receivable, Net	8,279
Inventory	3,530
Prepaid expenses and other current assets	172,566	30,867
Total current assets	560,313	195,547
Noncurrent assets:
Fixed assets, net	873	1,500
Total assets	561,186	197,047
Current liabilities:
Accounts Payable	290,783
Accrued liabilities	66,087	45,049
Deferred revenue	156,530	55,533
Debt, current	805,684
Total current liabilities	1,319,084	100,582
Total liabilities	1,319,084	100,582
Commitments and contingencies (Note 6)
Equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 6,750,000 and 6,750,000 shares issued and outstanding for class A convertible preferred stock and 70,000 and 250,000 shares issued and outstanding for class B convertible preferred stock at June 30, 2018 and June 30, 2017, respectively	6,820	7,000
Common stock, $0.001 par value; 150,000,000 shares authorized; 42,661,228 shares issued and outstanding at June 30, 2018 and 38,000,663 shares issued and outstanding at June 30, 2017	42,661	38,000
Additional paid in capital	3,130,831	1,010,000
Accumulated deficit	(3,938,210)	(958,535)
Total equity (deficit)	(757,898)	96,465
Total liabilities and equity	$ 561,186	$ 197,047

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2018	Jun. 30, 2017
Equity:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	42,661,228	38,000,663
Common stock, shares outstanding	42,661,228	38,000,663
Class A Convertible Preferred Stock [Member]
Equity:
Preferred stock, shares issued	6,750,000	6,750,000
Preferred stock, shares outstanding	6,750,000	6,750,000
Class B Convertible Preferred Stock [Member]
Equity:
Preferred stock, shares issued	70,000	250,000
Preferred stock, shares outstanding	70,000	250,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2016
Consolidated Statements Of Operations
Sales revenue	$ 466,267	$ 1,128,245	$ 704,832
Cost of sales
Gross profit	466,267	1,128,245	704,832
Operating expenses:
Selling expenses	450	206,831
General and administrative	806,332	3,870,548	693,606
Total operating expenses	806,782	4,077,379	693,606
(Loss) income from operations	(340,515)	(2,949,134)	11,226
Income (expense):
Interest expense	220	35,541
Other income		5,000	1,438
Other income (expense), net	(220)	(30,541)	1,438
Income tax expense
Net (loss) income	$ (340,735)	$ (2,979,675)	$ 12,664
Net loss per common share:
Basic and diluted	$ (0.01)	$ (0.07)	$ 0
Weighted average common shares outstanding:
Basic and diluted	32,570,967	39,905,933	26,160,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2016
Cash flows from operating activities:
Net (loss) income	$ (340,735)	$ (2,979,675)	$ 12,664
Adjustments to reconcile net income to net cash used in operating activities
Stock based compensation		810,962
Stock issued for services		280,850
Depreciation		627
Changes in assets and liabilities:
Accounts receivable		(8,279)
Inventory		(3,530)
Prepaid expenses and other	15,952	141,699	5
Accounts payable and accrued liabilities	4,856	311,821	45,929
Other assets and liabilities, net		100,997
Net cash (used in) provided by operating activities	(351,831)	(1,627,926)	58,598
Cash flows from investing activities:
Acquisition of office equipment	1,500
Net cash used in investing activities	(1,500)
Cash flows from financing activities:
Proceeds from issuance of stock	1,055,000	1,033,500
Proceeds from issuance of debts		805,684
Distributions	(600,000)		(18,301)
Net cash provided by (used in) financing activities	455,000	1,839,184	(18,301)
Net change in cash and cash equivalents	101,669	211,258	40,297
Cash and cash equivalents, beginning of period	63,011	164,680	22,714
Cash and cash equivalents, end of period	164,680	375,938	63,011
Supplemental information for non-cash investing and financing activities :
Conversion of preferred stock		$ 2,880

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($)	Preferred Stock [Member]	Common Stock [Member]	APIC [Member]	Acc Deficit [Member]	Total
Balance at Dec. 31, 2015	$ 3,250	$ 26,160	$ (29,410)	$ (12,164)	$ (12,164)
Balance (in shares) at Dec. 31, 2015	3,250,000	26,160,000
Impact of Merger Agreement:
Distributions				12,664	12,664
Net loss				(18,300)	(18,300)
Balance at Dec. 31, 2016	$ 3,250	$ 26,160	(29,410)	(17,800)	(17,800)
Balance (in shares) at Dec. 31, 2016	3,250,000	26,160,000
Impact of Merger Agreement:
Shares acquired in connection with Merger Agreement, Amount		$ 58,090	(58,090)
Shares acquired in connection with Merger Agreement, Shares		58,090,663
Retirement of shares to complete Merger Agreement, Amount		$ (46,250)	46,250
Retirement of shares to complete Merger Agreement, Shares		(46,250,000)
Shares issued in connection with Merger Agreement			850,000		850,000
Distributions				(600,000)	(600,000)
Stock subscriptions, Amount	$ 3,750		201,250		205,000
Stock subscriptions, Shares	3,750,000
Consolidated net loss from March 23 through June 30, 2017				(232,380)	(232,380)
Net loss				(108,355)	(108,355)
Balance at Jun. 30, 2017	$ 7,000	$ 38,000	1,010,000	(958,535)	96,465
Balance (in shares) at Jun. 30, 2017	7,000,000	38,000,663
Impact of Merger Agreement:
Issuance of common stock for cash, Amount		$ 1,590	1,018,410		1,020,000
Issuance of common stock for cash, Shares		1,589,565
Issuance of common stock for exercise of options, Amount		$ 54	13,446		13,500
Issuance of common stock for exercise of options, Shares		54,000
Stock based compensation			810,962		810,962
Issuance of common stock in conversion of preferred stock, Amount	$ (180)	$ 2,880	(2,700)
Issuance of common stock in conversion of preferred stock, Shares	(180,000)	2,880,000
Issuance of common stock for services, Amount		$ 137	280,713		280,850
Issuance of common stock for services, Shares		137,000
Net loss				(2,979,675)	(2,979,675)
Balance at Jun. 30, 2018	$ 6,820	$ 42,661	$ 3,130,831	$ (3,938,210)	$ (757,898)
Balance (in shares) at Jun. 30, 2018	6,820,000	42,661,228

Description of Business

Description of Business	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 1 - Description of Business	Formation of the Company On March 23, 2017, AP Event Inc. (“AP” or the “Registrant”) consummated an Agreement and Plan of Merger (the “Merger Agreement”) with LB Media Group, LLC, a Colorado limited liability Company (“LB Media”), August Petrov (the principal stockholder of AP), and LB Acquisition Corp., a Colorado corporation and a wholly-owned subsidiary of AP (“Acquisition”) whereby Acquisition was merged with and into LB Media (the “Merger”). (See Note 3) As a result of the Merger, LB Media became a wholly-owned subsidiary of the Registrant, and immediately following the consummation of the Merger and giving effect to the securities sold in the Offering, the members of LB Media beneficially owned approximately fifty-five percent (55%) of the issued and outstanding Common Stock of the Registrant. The Merger Agreement contains customary representations, warranties, and covenants of the Registrant and LB Media for like transactions. As a result of the reorganization and name change discussed later, Leafbuyer Technologies, Inc. (“Leafbuyer”) became the publicly quoted parent holding company with LB Media becoming a wholly-owned subsidiary of Leafbuyer. Upon consummation of the Agreement, Leafbuyer common stock was deemed to be registered under Section 12(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 12g-3(a) promulgated thereunder. For purposes of Rule 12g-3(a), Leafbuyer is the successor issuer to AP. AP was established under the corporation laws in the State of Nevada on October 16, 2014. On March 24, 2017, the Registrant changed its name to Leafbuyer Technologies, Inc. All references herein to “us,” “we,” “our,” “Leafbuyer,” or the “Company” refer to Leafbuyer Technologies, Inc. and its subsidiary, LB Media. Description of Business We are focused on providing valuable information for the savvy cannabis consumer looking to make a purchase via deals and a dispensary database. We connect consumers with dispensaries by working alongside businesses to showcase their unique products and build a network of loyal patrons. Our national network of cannabis deals and information reaches millions of consumers monthly. LB Media was founded in 2012 by a group of technology and industry veterans and provides online resources for cannabis deals and specials. Our headquarters is located in Greenwood Village, Colorado. Basis of Presentation As a result of the Merger Agreement, LB Media is considered to be the “accounting acquirer” and, accordingly, is treated as the predecessor company. The consolidated financial statements include the results of operations and financial position of LB Media for all periods, and the results of operations and financial position of Leafbuyer as of and for the fiscal year ended June 30, 2018 and for the transition period as of and for the six months ended June 30, 2017 (“Transition Period”). Our financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The preparation of our financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Although these estimates are based on our knowledge of current events and actions we may undertake in the future, actual results may ultimately differ from these estimates and assumptions. Furthermore, when testing assets for impairment in future periods, if management uses different assumptions or if different conditions occur, impairment charges may result. Going Concern As shown in the accompanying financial statements, we had an equity balance of ($757,898) and a working capital balance of ($758,771) as of June 30, 2018. We reported a net loss of $2,979,675 for the year ended June 30, 2018, and we anticipate further losses in the development of our business. Accordingly, there is substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our generating profitable operations in the future and / or obtaining the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Management believes that actions presently being taken to further implement our business plan of expansion of products, geographical locations we sell our services and deeper market penetration will generate additional revenues and eventually positive cash flow and provide opportunity for the Company to continue as a going concern. While we believe in the viability of our strategy to generate additional revenues and our ability to raise additional funds, there can be no assurances to that effect.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 2 - Summary of Significant Accounting Policies	Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, LB Media. All significant inter-company transactions and balances have been eliminated in consolidation. Use of Estimates Management uses estimates and assumptions in preparing these consolidated financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. Fair Value Measurements The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value, and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The Company has no assets or liabilities valued at fair value on a recurring basis. Revenue Recognition The Company follows the guidance of the Accounting Standards Codification ("ASC") Topic 605, "Revenue Recognition." We record revenue when persuasive evidence of an arrangement exists, services have been rendered, the selling price to the customer is fixed or determinable and collectability of the revenue is reasonably assured. In the normal course of business, we receive payments from our customers which include payments for both current and future services. We do not recognize payment for future services in current income; rather, we record the amounts of those payments as deferred revenue in the current period and recognize the appropriate amounts in income in future periods as applicable. No costs are recorded to cost of sales as we are unable to directly allocate any costs of our revenue. Topic 606 is effective as of the annual reporting period beginning after December 15, 2017 using either of two methods: (1) retrospective application of Topic 606 to each prior reporting period presented with the option to elect certain practical expedients as defined within Topic 606 or (2) retrospective application of Topic 606 with the cumulative effect of initially applying Topic 606 recognized at the date of initial application and providing certain additional disclosures as defined per Topic 606. We adopted Topic 606 pursuant to the method (2) and we determined that any cumulative effect for the initial application did not require an adjustment to retained earnings at July 1, 2017. Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, cash includes demand deposits, time deposits, certificates of deposit, and short-term liquid investments with original maturities of three months or less when purchased. As of June 30, 2018 and 2017, the Company did not hold any cash equivalents. The Federal Deposit Insurance Corporation provides coverage for all accounts of up to $250,000. As of June 30, 2018 and 2017, none of the Company’s cash was in excess of federally insured limits. Accounts Receivable, Net Accounts receivable are stated at the amount management expects to collect. An allowance for doubtful accounts is recorded, as a charge to bad debt expense, where collection is considered to be doubtful due to credit issues. These allowances together reflect the Company's estimate of potential losses inherent in accounts receivable balances, based on historical loss and known factors impacting its customers. Management has determined that there is a $6,617 allowance required for the year ended June 30, 2018, and no allowance required for the six months ended June 30, 2017 or for the year ended December 31, 2016. The Company does not accrue interest on past due receivables. Inventory Inventory consists of merchandise and is stated at the lower of cost, determined by last-in, first-out method or market. Market is determined based on the net realizable value, with appropriate consideration given to obsolescence, excessive levels, deterioration and other factors. At June 30, 2018 and 2017, the Company had $3,530 and $0 of inventory, respectively. A reserve is recorded for any inventory deemed excessive or obsolete. No reserve is considered necessary at June 30, 2018 and 2017. Stock-Based Compensation The Company accounts for stock-based awards to employees in accordance with applicable accounting principles, which requires compensation expense related to share-based transactions, including employee stock options, to be measured and recognized in the financial statements based on a determination of the fair value of the stock options. The grant date fair value is determined using the Black-Scholes-Merton (“Black-Scholes”) pricing model. For all employee stock options, we recognize expense over the requisite service period on an accelerated basis over the employee’s requisite service period (generally the vesting period of the equity grant). The Company’s option pricing model requires the input of highly subjective assumptions, including the expected stock price volatility and expected term. Any changes in these highly subjective assumptions significantly impact stock-based compensation expense. Options awarded to purchase shares of common stock issued to non-employees in exchange for services are accounted for as variable awards in accordance with applicable accounting principles. Such options are valued using the Black-Scholes option pricing model. See Note 9 for the assumptions used to calculate the fair value of stock-based employee and non-employee compensation. The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of ASC 505-50 Equity-Based Payments to Non-Employees Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. As of June 30, 2018, the Company had approximately $4,264,000 of net operating loss carry forward that was unrecognized tax benefits. Under Internal Revenue Code 382, if a corporation undergoes an “ownership change,” the corporation’s ability to use its pre-change NOL carryforwards and other pre-change tax attributes to offset its post-change income may be limited. We have not completed a study to assess whether an “ownership change” has occurred or whether there have been multiple ownership changes since we became a “loss corporation” as defined in Section 382. Future changes in our stock ownership, which may be outside of our control, may trigger an “ownership change”. In addition, future equity offerings or acquisitions that have equity as a component of the purchase price could result in an “ownership change.” If an “ownership change” has occurred or does occur in the future, utilization of the NOL carryforwards or other tax attributes may be limited, which could potentially result in increased future tax liability to us. ASC Topic 740 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. There are no material uncertain tax positions at June 30, 2018. On December 22, 2017, the U.S. government enacted the Tax Act, which made significant changes to the Internal Revenue Code of 1986, as amended, including, but not limited to, reducing the U.S. corporate statutory tax rate and the net operating loss incurred after December 31, 2017 can be carried forward indefinitely and the two year net operating loss carried back was eliminated. We continue to evaluate the impact of the Tax Act. Recently Issued Accounting Pronouncements In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606) (ASU 2016-12). ASU 2016-12 provides guidance that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2016-12 provides clarification on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications. This ASU is effective for annual reporting periods beginning after December 15, 2017, with the option to adopt as early as December 15, 2016. There is no material impact of the adoption of this ASU on our consolidated results of operations, cash flows and financial position. In February 2016, the FASB issued authoritative guidance which changes financial reporting as it relates to leasing transactions. Under the new guidance, lessees will be required to recognize a lease liability, measured on a discounted basis; and a right-of-use asset, for the lease term. The new guidance is effective for annual and interim periods beginning after December 15, 2018. Early application is permitted for all entities upon issuance. Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company is in the process of evaluating the impact of adoption of this guidance on its financial statements. In June 2018, the FASB issued ASU 2018-07 “Improvements to Nonemployee Share-Based Payment Accounting (Topic 718)” that expands the scope to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements to nonemployee awards except for certain exemptions specified in the amendment. The guidance is effective for fiscal years beginning after December 15, 2018, including interim reporting periods within that fiscal year. Early adoption is permitted. The Company does not anticipate the adoption of ASU 2018-07 will have a material impact on the Company's financial condition or results of operations. The Financial Accounting Standards Board and other entities issued new or modifications to, or interpretations of, existing accounting guidance during 2016, 2017 and 2018. Management has carefully considered the new pronouncements that altered generally accepted accounting principles and does not believe that any other new or modified principles will have a material impact on the Company’s reported financial position or operations in the near term.

Recapitalization

Recapitalization	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 3 - Recapitalization	On March 23, 2017, we completed the Merger Agreement with AP. The impact to equity of the Merger Agreement includes a) the issuance of 2,351,355 new pre-split shares of the Company’s common stock; b) the issuance of 324,327 new pre-split shares of the Company’s Series A Convertible Preferred Stock; c) the retirement of 5,000,000 shares of the Company’s pre-split common stock; and d) removing the Company’s accumulated deficit and adjusting equity for the recapitalization. Simultaneously with the Merger, the Company accepted subscriptions in a private placement offering of 476,092 new pre-split shares of the Company’s common stock in the amount of $600,000 as well as 27,027 new pre-split shares of the Company’s Series B Convertible Preferred Stock in the amount of $250,000. These shares are considered to be outstanding beginning January 1, 2015. However, as the cash to purchase these shares was received in 2017, we have recorded the cash received in connection with these shares in additional paid-in capital during 2017.

Capital Stock and Equity Transa

Capital Stock and Equity Transactions	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 4 - Capital Stock and Equity Transactions	The Company has 150,000,000 shares of common stock authorized with a par value of $0.001 per share as of June 30, 2018. In addition, the Company has 10,000,000 preferred stock authorized with a par value of $0.001 per share as of June 30, 2018. On April 19, 2018, the Company entered into a Standby Equity Distribution Agreement (the “SEDA”) with YA II PN Ltd. (“Investor”), a Cayman Island exempt limited partnership and an affiliate of Yorkville Advisors Global, LLC, whereby the Company sold and the Investor purchased 869,565 shares (the “Initial Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”) for the purchase price of One Million Dollars ($1,000,000), Additionally, under the SEDA the Company may sell to the Investor up to $5 million of shares of Common Stock over a two-year commitment period. Under the terms of the SEDA, the Company may from time to time, in its discretion, sell newly-issued shares of its common stock to the Investor at a discount to market of 8% of the lowest daily volume weighted average price during the relevant pricing period. The Company is obligated to register the Initial Shares, the Commitment Shares (as defined below), and the shares of Common Stock issuable under the SEDA pursuant to a registration statement under the Securities Act of 1933, as amended (the “Securities Act”). The Company is not obligated to utilize any portion of the SEDA and there are no minimum commitments or minimum use penalties provided the Company does not terminate the SEDA within 18 months wherein the Company would be required to pay a termination fee of $100,000. The Company issued One Hundred Thousand (100,000) shares of Common Stock as a commitment fee (the “Commitment Shares”) to an affiliate of the Investor. The total amount of funds that ultimately can be raised under the SEDA over the two-year term will depend on the market price for the Company’s common stock and the number of shares actually sold. The SEDA does not impose any restrictions on the Company’s operating activities. During the term of the SEDA, the Investor is prohibited from engaging in any short selling or hedging transactions related to the Common Stock. In connection with the SEDA, the Company engaged Garden State Securities, Inc. (“GSS”) as its exclusive selling/placement agent. In connection with the transactions set forth in the SEDA, GSS shall receive a fee equal to 10% of the purchase price of the Initial Shares in cash plus warrants to purchase 86,957 shares of Common Stock at an exercise price of $1.15 per share, expiring in five years. GSS will also receive a cash fee equal to 5% of the amount paid by the Investor for each Advance under the SEDA. All shares issued in accordance with the Merger Agreement are considered to be outstanding beginning January 1, 2015 as these shares relate to the change in capital structure. Furthermore, 5,000,000 pre-split shares of common stock were retired in accordance with the Merger Agreement. In connection with the Merger Agreement, the Company made distributions totaling $600,000 to officers of the Company. Both Series A Convertible Preferred Stock and Series B Convertible Preferred Stock have rights to dividends when declared; however, there is no stated dividend rate and no such dividends have yet been declared by the Company. We evaluated the convertible preferred stock agreements for derivatives and determined that they do not qualify for derivative treatment for financial reporting purposes. We also determined this does not qualify as a beneficial conversion feature. Accordingly, the balances have been reported at the carrying amounts. On March 24, 2017, the Company effected a forward split such that 9.25 shares of Common Stock were issued for every 1 share of Common Stock issued and outstanding immediately prior to the forward split. Immediately following the forward split, there were 38,000,663 shares of post-split common stock, 3,000,000 shares of post-split Series A Convertible Preferred Stock, and 250,000 shares of post-split Series B Convertible Preferred Stock outstanding. The par value of all classes of shares remained at $0.001 per share after the forward split. In March of 2017, an additional 3,750,000 shares of post-split Series A Convertible Preferred Stock were purchased from the Company. All references to shares herein refer to post-split shares, unless otherwise noted. During the year ended June 30, 2018, the Company accepted subscriptions for the issuance of 1,589,565 shares of Common Stock for total subscriptions of $1,020,000 in cash. During the year ended June 30, 2018, the Company issued 54,000 shares of Common Stock for the exercise of options and $13,500 cash. The Company also received notice from a Preferred Stock Series B stockholder to convert 180,000 shares of preferred stock into 2,880,000 shares of Common Stock. During the year ended June 30, 2018, the Company issued 137,000 shares of Common Stock to vendor’s for services rendered. These shares were valued at fair market value of $280,850 and expensed in the accompanying Statement of Operations.

Debt

Debt	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 5 - Debt	On September 28, 2017, the Company entered into a promissory note with an investor of the Company in the amount of $200,000. The note bears no interest and is payable in full on September 30, 2018. In addition, on December 20, 2017, the Company entered into a promissory note with the same investor of the Company in the amount of $150,000. This note also bears no interest and is payable in full on December 20, 2018. The investor has agreed to convert the loan into 437,500 shares of common stock. The Company has not issued these shares at this time. During February 2018, the Company entered into two promissory notes with an investor of the Company in the amount of $28,000 and $84,000 in exchange for $25,000 and $75,000, respectively. Each of the notes have an original issue discount of $3,000 and $9,000, respectively that is being amortized to interest expense over the term of the notes. As of June 30, 2018, $2,635 of the discount remains to be amortized. The notes bear interest at 12% and is payable in full in August 2018. During February 2018, the Company entered into a promissory note with an investor of the Company in the amount of $150,000 in exchange for $132,000 cash. The note has an original issue discount of $18,000 that is being amortized to interest expense over the term of the note. As of June 30, 2018, $3,680 of the discount remains to be amortized. The note bears interest at 12% and is payable in full in August 2018.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 6 - Commitments and Contingencies	The Company leases office space. Future minimum lease payments are as follows: June 30, 2019 $ 29,024 June 30, 2020 $ 31,900 June 30, 2021 $ 16,225 The Company does not have a concentration of revenues from any individual customer (less than 10%). To the best of the Company’s knowledge and belief, no legal proceedings of merit are currently pending or threatened against the Company.

Change in Fiscal Year End

Change in Fiscal Year End	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 7 - Change in Fiscal Year End	Statements of Operations Six Month's Ended June 30, 2018 2017 (Unaudited) Revenue 634,557 466,267 Cost of goods sold - - Gross profit 634,557 466,267 Operating expenses: Sales & marketing 121,977 450 G&A 2,986,290 806,332 Total operating expenses 3,108,267 806,782 Loss from operations (2,473,710 ) (340,515 ) Interest expense (35,513 ) (220 ) Other income 5,000 - Other income (expense), net (30,513 ) (220 ) Net loss (2,504,223 ) (340,735 ) Cash Flow Statement Six Month's Ended June 30, 2018 2017 (Unaudited) Net loss (2,504,223 ) (340,735 ) Stock compensation expense 810,962 - Stock issued for services 280,850 - Depreciation and amortization expense 466 - Changes: Accounts receivable (8,279 ) - Inventory (3,530 ) - Prepaid expenses and other current assets (133,591 ) (15,952 ) Accounts payable and accrued expenses 372,021 4,856 Net (1,185,324 ) (351,831 ) Investing: Property and equipment - (1,500 ) Net - (1,500 ) Financing Proceeds from stock purchases 913,500 1,055,000 Proceeds from debt 450,682 - Member activity - (600,000 ) Net 1,364,182 455,000 Total net change 178,858 101,669 Cash, beginning 197,080 63,011 Cash, ending 375,938 164,680 Statements of Operations Years Ended June 30, 2018 2017 (Unaudited) Revenue 1,128,245 949,921 Cost of goods sold - - Gross profit 1,128,245 949,921 Operating expenses: Sales & marketing 206,831 450 G&A 3,870,548 1,217,928 Total operating expenses 4,077,379 1,218,378 Loss from operations (2,949,134 ) (268,457 ) Interest expense (35,541 ) (220 ) Other income 5,000 1,438 Other income (expense), net (30,541 ) 1,218 Net loss (2,979,675 ) (267,239 ) Cash Flow Statement Years Ended June 30, 2018 2017 (Unaudited) Net loss (2,979,675 ) (267,239 ) Stock compensation expense 810,962 - Stock issued for services 280,850 - Depreciation and amortization expense 627 - Changes: Accounts receivable (8,279 ) - Inventory (3,530 ) - Prepaid expenses and other current assets (141,699 ) (25,276 ) Accounts payable and accrued expenses 412,818 (37,601 ) Net (1,627,926 ) (330,116 ) Investing: Property and equipment - (1,500 ) Net - (1,500 ) Financing Proceeds from stock purchases 1,033,500 455,000 Proceeds from debt 805,684 - Member activity - (11,064 ) Net 1,839,184 443,936 Total net change 211,258 112,320 Cash, beginning 164,680 52,360 Cash, ending 375,938 164,680 As a result of the Merger Agreement with AP, the fiscal year end of LB Media changed from December 31 to June 30. Upon consummation of the reorganization and name change, Leafbuyer adopted the June 30, 2017 year end of LB Media effective as of June 30, 2017. The consolidated statements of operations, cash flows, and equity reflect results for the year ended June 30, 2018, for the six months transition period ended June 30, 2017 and the twelve months ended December 31, 2016. The consolidated balance sheets reflect the financial position of the Company at June 30, 2018 and June 30, 2017.

Net Earnings or Loss per Share

Net Earnings or Loss per Share	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 8 - Net Earnings or Loss per Share	Basic net loss per share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted net loss per share is computed similarly to basic net loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised. We have prepared the calculation of earnings per share using the weighted-average number of common shares of the Company that were outstanding for the year ended June 30, 2018, for the six months ended June 30, 2017 and for the year ended December 31, 2016. Dilutive instruments had no effect on the calculation of earnings or loss per share during the years ended June 30, 2018, for the six months ended June 30, 2017 and for year ended December 31, 2016.

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 9 - Stock Based Compensation	The equity incentive plan of the Company was established in February of 2017. The Board of Directors of the Company may from time to time, in its discretion grant to directors, officers, consultants and employees of the Company, non-transferable options to purchase common shares, provided that the number of options issued do not exceed 5,000,000. The options are exercisable for a period of up to 10 years from the date of the grant. The following table reflects the continuity of stock options for the year ended June 30, 2018 (none for the six months ended June 30, 2017): A summary of stock option activity is as follows: June 30, 2018 Number of options outstanding: Beginning of year - Granted 4,398,935 Exercised, converted (54,000 ) Forfeited / exchanged / modification (199,200 ) End of period 4,145,735 Number of options exercisable at end of period 1,181,435 Number of options available for grant at end of period 764,565 Weighted average option prices per share: Granted during the period $ 0.25 Exercised during the period $ 0.25 Terminated during the period $ 0.25 Outstanding at end of period $ 0.25 Exercisable at end of period $ 0.25 The average fair value of stock options granted was estimated to be $1.50 per share for the year ended June 30, 2018. This estimate was made using the Black-Scholes option pricing model and the following weighted average assumptions: 2018 Expected option life (years) 2.5 - 3 Expected stock price volatility 144 % Expected dividend yield — % Risk-free interest rate 2.31% - 2.78 % Stock-based compensation expense attributable to stock options was approximately $810,962 for the year ended June 30, 2018. As of June 30, 2018, there was approximately $4,948,460 of unrecognized compensation expense related to unvested stock options outstanding, and the weighted average vesting period for those options was 3 years. There was no stock based compensation recorded during the six months ended June 30, 2017 and for the year ended December 31, 2016.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Note 10 - Subsequent Events	During September, the Company entered several promissory notes with various investor of the Company with a face value of $1,320,000 in exchange for $1,200,000 cash payment (“the Notes”), the discount of the Notes will be amortized over the life of the Note and have an interest rate of 10%. The Notes have a twelve-month term with no payment required for the initial six months; after six months, the Company will repay the investors interest and principle in six equal installments. The principle and interest of the note is convertible into the Company’s common stock at a purchase price of $0.70 per common share after the six months. If the Company defaults on the Notes, the interest is increased to 12% and at the investors’ option, the principle and interest can be converted into the Company common stock at a 20% discount to the then current market. In addition, the Company issued five-year warrants to purchase up to 600,000 of the Company common shares at a price of $0.75 per common share.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2018
Summary Of Significant Accounting Policies
Inventory	Inventory consists of merchandise and is stated at the lower of cost, determined by last-in, first-out method or market. Market is determined based on the net realizable value, with appropriate consideration given to obsolescence, excessive levels, deterioration and other factors. At June 30, 2018 and 2017, the Company had $3,530 and $0 of inventory, respectively. A reserve is recorded for any inventory deemed excessive or obsolete. No reserve is considered necessary at June 30, 2018 and 2017.
Use of Estimates	Management uses estimates and assumptions in preparing these consolidated financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.
Cash and Cash Equivalents	For purposes of the consolidated statements of cash flows, cash includes demand deposits, time deposits, certificates of deposit, and short-term liquid investments with original maturities of three months or less when purchased. As of June 30, 2018 and 2017, the Company did not hold any cash equivalents. The Federal Deposit Insurance Corporation provides coverage for all accounts of up to $250,000. As of June 30, 2018 and 2017, none of the Company’s cash was in excess of federally insured limits.
Accounts Receivable, Net	Accounts receivable are stated at the amount management expects to collect. An allowance for doubtful accounts is recorded, as a charge to bad debt expense, where collection is considered to be doubtful due to credit issues. These allowances together reflect the Company's estimate of potential losses inherent in accounts receivable balances, based on historical loss and known factors impacting its customers. Management has determined that there is a $6,617 allowance required for the year ended June 30, 2018, and no allowance required for the six months ended June 30, 2017 or for the year ended December 31, 2016. The Company does not accrue interest on past due receivables.
Stock-Based Compensation	The Company accounts for stock-based awards to employees in accordance with applicable accounting principles, which requires compensation expense related to share-based transactions, including employee stock options, to be measured and recognized in the financial statements based on a determination of the fair value of the stock options. The grant date fair value is determined using the Black-Scholes-Merton (“Black-Scholes”) pricing model. For all employee stock options, we recognize expense over the requisite service period on an accelerated basis over the employee’s requisite service period (generally the vesting period of the equity grant). The Company’s option pricing model requires the input of highly subjective assumptions, including the expected stock price volatility and expected term. Any changes in these highly subjective assumptions significantly impact stock-based compensation expense. Options awarded to purchase shares of common stock issued to non-employees in exchange for services are accounted for as variable awards in accordance with applicable accounting principles. Such options are valued using the Black-Scholes option pricing model. See Note 9 for the assumptions used to calculate the fair value of stock-based employee and non-employee compensation. The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of ASC 505-50 Equity-Based Payments to Non-Employees

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2018
Commitments And Contingencies
Schedule of future minimum lease payments	The Company leases office space. Future minimum lease payments are as follows: June 30, 2019 $ 29,024 June 30, 2020 $ 31,900 June 30, 2021 $ 16,225 The Company does not have a concentration of revenues from any individual customer (less than 10%). To the best of the Company’s knowledge and belief, no legal proceedings of merit are currently pending or threatened against the Company.

Change in Fiscal Year End (Tabl

Change in Fiscal Year End (Tables)	12 Months Ended
	Jun. 30, 2018
Change In Fiscal Year End
Schedule of Comparative Financial Information	Statements of Operations Six Month's Ended June 30, 2018 2017 (Unaudited) Revenue 634,557 466,267 Cost of goods sold - - Gross profit 634,557 466,267 Operating expenses: Sales & marketing 121,977 450 G&A 2,986,290 806,332 Total operating expenses 3,108,267 806,782 Loss from operations (2,473,710 ) (340,515 ) Interest expense (35,513 ) (220 ) Other income 5,000 - Other income (expense), net (30,513 ) (220 ) Net loss (2,504,223 ) (340,735 ) Cash Flow Statement Six Month's Ended June 30, 2018 2017 (Unaudited) Net loss (2,504,223 ) (340,735 ) Stock compensation expense 810,962 - Stock issued for services 280,850 - Depreciation and amortization expense 466 - Changes: Accounts receivable (8,279 ) - Inventory (3,530 ) - Prepaid expenses and other current assets (133,591 ) (15,952 ) Accounts payable and accrued expenses 372,021 4,856 Net (1,185,324 ) (351,831 ) Investing: Property and equipment - (1,500 ) Net - (1,500 ) Financing Proceeds from stock purchases 913,500 1,055,000 Proceeds from debt 450,682 - Member activity - (600,000 ) Net 1,364,182 455,000 Total net change 178,858 101,669 Cash, beginning 197,080 63,011 Cash, ending 375,938 164,680 Statements of Operations Years Ended June 30, 2018 2017 (Unaudited) Revenue 1,128,245 949,921 Cost of goods sold - - Gross profit 1,128,245 949,921 Operating expenses: Sales & marketing 206,831 450 G&A 3,870,548 1,217,928 Total operating expenses 4,077,379 1,218,378 Loss from operations (2,949,134 ) (268,457 ) Interest expense (35,541 ) (220 ) Other income 5,000 1,438 Other income (expense), net (30,541 ) 1,218 Net loss (2,979,675 ) (267,239 ) Cash Flow Statement Years Ended June 30, 2018 2017 (Unaudited) Net loss (2,979,675 ) (267,239 ) Stock compensation expense 810,962 - Stock issued for services 280,850 - Depreciation and amortization expense 627 - Changes: Accounts receivable (8,279 ) - Inventory (3,530 ) - Prepaid expenses and other current assets (141,699 ) (25,276 ) Accounts payable and accrued expenses 412,818 (37,601 ) Net (1,627,926 ) (330,116 ) Investing: Property and equipment - (1,500 ) Net - (1,500 ) Financing Proceeds from stock purchases 1,033,500 455,000 Proceeds from debt 805,684 - Member activity - (11,064 ) Net 1,839,184 443,936 Total net change 211,258 112,320 Cash, beginning 164,680 52,360 Cash, ending 375,938 164,680

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2018
Stock Based Compensation
Stock option activity	A summary of stock option activity is as follows: June 30, 2018 Number of options outstanding: Beginning of year - Granted 4,398,935 Exercised, converted (54,000 ) Forfeited / exchanged / modification (199,200 ) End of period 4,145,735 Number of options exercisable at end of period 1,181,435 Number of options available for grant at end of period 764,565 Weighted average option prices per share: Granted during the period $ 0.25 Exercised during the period $ 0.25 Terminated during the period $ 0.25 Outstanding at end of period $ 0.25 Exercisable at end of period $ 0.25
Weighted average assumptions	This estimate was made using the Black-Scholes option pricing model and the following weighted average assumptions: 2018 Expected option life (years) 2.5 - 3 Expected stock price volatility 144 % Expected dividend yield — % Risk-free interest rate 2.31% - 2.78 %

Description of Business (Detail

Description of Business (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
State of incorporation			Nevada
Date of incorporation			Oct. 16, 2014
Net loss	$ (2,504,223)	$ (340,735)	$ (2,979,675)	$ (267,239)	$ 12,664
Working capital deficit	(758,771)		(758,771)
Equity deficit	$ (757,898)	$ 96,465	$ (757,898)	$ 96,465	$ (17,800)	$ (12,164)

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016
Summary Of Significant Accounting Policies Details Narrative Abstract
Inventory	$ 3,530		$ 3,530
Federal Deposit Insurance Corporation, coverage	250,000		250,000
Allowance for doubtful accounts		$ 0	6,617		$ 0
Operating loss carry forward	$ 4,264,000		$ 4,264,000

Recapitalization (Details Narra

Recapitalization (Details Narrative)	1 Months Ended
	Mar. 23, 2017USD ($)shares
Class of Stock [Line Items]
Number of common shares issued, pre-split (in shares)	2,351,355
Number of common shares retired, pre-split (in shares)	5,000,000
Number of common shares issued in private placement, pre-split (in shares)	476,092
Value of common shares issued in private placement | $	$ 600,000
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Number of convertible preferred shares issued, pre-split (in shares)	324,327
Series B Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Number of convertible preferred shares issued, pre-split (in shares)	27,027
Value of preferred shares issued in private placement | $	$ 250,000

Capital Stock and Equity Tran24

Capital Stock and Equity Transactions (Details Narrative)	1 Months Ended				6 Months Ended		12 Months Ended
	Apr. 19, 2018USD ($)$ / sharesshares	Mar. 31, 2017shares	Mar. 24, 2017$ / sharesshares	Mar. 23, 2017USD ($)shares	Jun. 30, 2018USD ($)$ / sharesshares	Jun. 30, 2017USD ($)$ / sharesshares	Jun. 30, 2018USD ($)$ / sharesshares	Jun. 30, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)
Class of Stock [Line Items]
Common stock, shares authorized (in shares)					150,000,000	150,000,000	150,000,000	150,000,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.001		$ 0.001	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)					10,000,000	10,000,000	10,000,000	10,000,000
Preferred stock, par value (in dollars per share) | $ / shares					$ 0.001	$ 0.001	$ 0.001	$ 0.001
Number of common shares retired, pre-split (in shares)				5,000,000
Distributions | $				$ 600,000		$ (600,000)			$ 12,664
Stock split ratio			9.25
Common stock, shares outstanding (in shares)			38,000,663		42,661,228	38,000,663	42,661,228	38,000,663
Stock subscriptions (in shares)							1,589,565
Stock subscriptions value | $							$ 1,020,000
Issuance of common stock for services | $							280,850
Share-based compensation | $					$ 810,962		810,962
Proceeds from issuance of stock | $					$ 913,500	1,055,000	1,033,500	$ 455,000
Preferred Stock [Member]
Class of Stock [Line Items]
Distributions | $
Stock subscriptions value | $
Issuance of common stock for exercise of options (in shares)
Issuance of common stock in conversion of preferred stock (in shares)							(180,000)
Issuance of common stock for services (in shares)
Issuance of common stock for services | $
Common Stock [Member]
Class of Stock [Line Items]
Distributions | $
Stock subscriptions value | $							$ 1,590
Issuance of common stock for exercise of options (in shares)							54,000
Issuance of common stock for exercise of options | $							$ 13,500
Issuance of common stock in conversion of preferred stock (in shares)							2,880,000
Issuance of common stock for services (in shares)							137,000
Issuance of common stock for services | $							$ 137
Common Stock [Member] | Yorkville Advisors Global, LLC [Member]
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.001
Stock subscriptions (in shares)	869,565
Value of shares authorized for sale | $	$ 5,000,000
Sale of stock, commitment period	2 years
Sale of stock at discount rate	8.00%
Termination period of SEDA	18 months
Termination fee of SEDA | $	$ 1,000,000
Shares issued as commitment fees (in shares)	100,000
Commitment period	2 years
Common Stock [Member] | Yorkville Advisors Global, LLC [Member] | Initial Shares [Member]
Class of Stock [Line Items]
Proceeds from issuance of stock | $	$ 1,000,000
Series B Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.001
Preferred stock, shares outstanding (in shares)			250,000
Series B Convertible Preferred Stock [Member] | Preferred Stock [Member]
Class of Stock [Line Items]
Number of shares converted (in shares)							180,000
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.001
Preferred stock, shares outstanding (in shares)			3,000,000
Stock subscriptions (in shares)		3,750,000
Garden State Securities, Inc. ("GSS") [Member]
Class of Stock [Line Items]
Percentage of purchase price of common stock	10.00%
Warrant to purchase shares of common stock (in shares)	86,957
Exercise price of warrants (in dollars per share) | $ / shares	$ 1.15
Warrant expiration period	5 years
Percentage of amount paid by investor	5.00%

Debt (Details Narrative)

Debt (Details Narrative)	1 Months Ended		12 Months Ended
	Feb. 28, 2018USD ($)Note	Jan. 31, 2018USD ($)	Jun. 30, 2018USD ($)shares	Dec. 20, 2017USD ($)	Sep. 28, 2017USD ($)
Debt Instrument [Line Items]
Face amount of note		$ 224,000
Stated interest rate		12.00%
Debt instrument, conversion into shares (in shares) | shares			437,500
Number of promissory notes | Note	2
Debt instrument, exchange amount		$ 200,000
Loans Payable Three [Member]
Debt Instrument [Line Items]
Face amount of note	$ 28,000
Maturity date			Aug. 31, 2018
Stated interest rate			12.00%
Debt instrument, exchange amount	25,000
Debt instrument, discount	3,000
Debt instrument, unamortized discount			$ 2,635
Loans Payable One [Member]
Debt Instrument [Line Items]
Face amount of note					$ 200,000
Maturity date			Sep. 30, 2018
Loans Payable Four [Member]
Debt Instrument [Line Items]
Face amount of note	$ 84,000
Maturity date			Aug. 31, 2018
Stated interest rate	12.00%
Debt instrument, exchange amount	$ 75,000
Debt instrument, discount	9,000
Loans Payable Five [Member]
Debt Instrument [Line Items]
Face amount of note	150,000
Maturity date			Aug. 31, 2018
Stated interest rate			12.00%
Debt instrument, exchange amount	132,000
Debt instrument, discount	$ 18,000
Debt instrument, unamortized discount			$ 3,680
Loans Payable Two [Member]
Debt Instrument [Line Items]
Face amount of note				$ 150,000
Maturity date			Dec. 20, 2018

Commitments and Contingencies26

Commitments and Contingencies (Details)	Jun. 30, 2018USD ($)
Commitments And Contingencies Details Abstract
June 30, 2019	$ 29,024
June 30, 2020	31,900
June 30, 2021	$ 16,225

Commitments and Contingencies27

Commitments and Contingencies (Details Narrative)	12 Months Ended
	Jun. 30, 2018
Commitments And Contingencies Details Narrative Abstract
Description of commitments and contingencies	The Company does not have a concentration of revenues from any individual customer (less than 10%).

Change in Fiscal Year End (Deta

Change in Fiscal Year End (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016
Change In Fiscal Year End Details Abstract
Revenue	$ 634,557	$ 466,267	$ 1,128,245	$ 949,921
Cost of goods sold
Gross profit	634,557	466,267	1,128,245	949,921	$ 704,832
Operating expenses:
Sales & marketing	121,977	450	206,831	450
G&A	2,986,290	806,332	3,870,548	1,217,928	693,606
Total operating expenses	3,108,267	806,782	4,077,379	1,218,378	693,606
Loss from operations	(2,473,710)	(340,515)	(2,949,134)	(268,457)	11,226
Interest expense	(35,513)	(220)	(35,541)	(220)
Other income	5,000		5,000	1,438	1,438
Other income (expense), net	(30,513)	(220)	(30,541)	1,218	1,438
Net loss	$ (2,504,223)	$ (340,735)	$ (2,979,675)	$ (267,239)	$ 12,664

Change in Fiscal Year End (De29

Change in Fiscal Year End (Details 1) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016
Change In Fiscal Year End Details Abstract
Net loss	$ (2,504,223)	$ (340,735)	$ (2,979,675)	$ (267,239)	$ 12,664
Stock compensation expense	810,962		810,962
Stock issued for services	280,850		280,850
Depreciation and amortization expense	466		627
Changes:
Accounts receivable	(8,279)		(8,279)
Inventory	(3,530)		(3,530)
Prepaid expenses and other current assets	(133,591)	(15,952)	(141,699)	(25,276)	(5)
Accounts payable and accrued expenses	372,021	4,856	412,818	(37,601)
Net	(1,185,324)	(351,831)	(1,627,926)	(330,116)	58,598
Investing:
Property and equipment		(1,500)		(1,500)
Net		(1,500)		(1,500)
Financing
Proceeds from stock purchases	913,500	1,055,000	1,033,500	455,000
Proceeds from debt	450,682		805,684
Member activity		(600,000)		(11,064)
Net	1,364,182	455,000	1,839,184	443,936	(18,301)
Total net change	178,858	101,669	211,258	112,320	40,297
Cash and cash equivalents, beginning of period	197,080	63,011	164,680	52,360	22,714
Cash and cash equivalents, end of period	$ 375,938	$ 164,680	$ 375,938	$ 164,680	$ 63,011

Stock Based Compensation (Detai

Stock Based Compensation (Details) - Stock Options [Member]	12 Months Ended
	Jun. 30, 2018$ / sharesshares
Number of options outstanding:
Beginning of year (in shares)
Granted (in shares)	4,398,935
Exercised, converted (in shares)	(54,000)
Forfeited / exchanged / modification (in shares)	(199,200)
End of period (in shares)	4,145,735
Number of options exercisable at end of period (in shares)	1,181,435
Number of options available for grant at end of period (in shares)	764,565
Weighted average option prices per share:
Granted during the period (in dollars per share) | $ / shares	$ 0.25
Exercised during the period (in dollars per share) | $ / shares	0.25
Terminated during the period (in dollars per share) | $ / shares	0.25
Outstanding at end of period (in dollars per share) | $ / shares	0.25
Exercisable at end of period (in dollars per share) | $ / shares	$ 0.25

Stock Based Compensation (Det31

Stock Based Compensation (Details 1) - Stock Options [Member]	12 Months Ended
	Jun. 30, 2018
Weighted Average Assumptions
Expected stock price volatility	144.00%
Expected dividend yield	0.00%
Minimum [Member]
Weighted Average Assumptions
Expected option life (years)	2 years 6 months
Risk-free interest rate	2.31%
Maximum [Member]
Weighted Average Assumptions
Expected option life (years)	3 years
Risk-free interest rate	2.78%

Stock Based Compensation (Det32

Stock Based Compensation (Details Narrative) - Stock Options [Member]	12 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares
Granted | shares	4,398,935
Average fair value of stock options granted | $ / shares	$ 1.50
Stock-based compensation expense | $	$ 810,962
Unrecognized compensation expense | $	$ 4,948,460
Weighted average vesting period	3 years
Equity Incentive Plan 2017 [Member]
Stock options exercisable period	10 years
Granted | shares	5,000,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	12 Months Ended
	Jun. 30, 2018USD ($)Integer$ / sharesshares	Jan. 31, 2018USD ($)
Face amount of note		$ 224,000
Subsequent Event [Member] | Warrant [Member]
Common stock purchase price per share | $ / shares	$ 0.75
Warrant period	5 years
Warrant to purchase shares of common stock | shares	600,000
Subsequent Event [Member] | Promissory Notes [Member]
Face amount of note	$ 1,320,000
Exchange for cash payment	$ 1,200,000
Interest rate	10.00%
Common stock purchase price per share | $ / shares	$ 0.70
Debt Instrument, Term	12 months
Number of installments | Integer	6
Increased in interest	12.00%
Discount on conversion common stock	20.00%