CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
|
12 Months Ended |
Jun. 30, 2016 |
Jun. 30, 2015 |
| REVENUE |
|
|
| Revenue |
$ 0
|
$ 0
|
| OPERATING EXPENSES |
|
|
| Administration expenses |
5,426,056
|
1,567,549
|
| Occupancy expenses |
24,550
|
3,719
|
| Research and development |
1,446,948
|
134,319
|
| TOTAL OPERATING EXPENSES |
6,897,554
|
1,705,587
|
| LOSS FROM OPERATIONS |
(6,897,554)
|
(1,705,587)
|
| OTHER INCOME (EXPENSE) |
|
|
| Interest expense |
(4,485,596)
|
(1,323,902)
|
| Interest income |
2,027
|
33
|
| Other expense |
0
|
(50,002)
|
| Change in fair value of derivative liabilities |
2,743,676
|
(541,981)
|
| Gain (loss) on debt settlements, net |
(670,893)
|
375,547
|
| Foreign currency transaction loss |
(174,550)
|
(244,332)
|
| TOTAL OTHER INCOME (EXPENSE) |
(2,585,336)
|
(1,784,637)
|
| LOSS BEFORE INCOME TAXES |
(9,482,890)
|
(3,490,224)
|
| INCOME TAX BENEFIT |
72,538
|
77,470
|
| NET LOSS |
(9,410,352)
|
(3,412,754)
|
| OTHER COMPREHENSIVE INCOME |
|
|
| Foreign currency translation gain |
30,296
|
403,831
|
| TOTAL OTHER COMPREHENSIVE INCOME |
30,296
|
403,831
|
| TOTAL COMPREHENSIVE LOSS |
$ (9,380,056)
|
$ (3,008,923)
|
| BASIC AND DILUTED NET LOSS PER SHARE |
$ (0.02)
|
$ (0.02)
|
| BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING |
487,050,997
|
177,633,496
|