Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Revenue: | ||
| Mobile banking technology revenue | $ 47,080 | $ 67,263 |
| Barcode technology revenue | 133,713 | |
| Other revenue, related party | 22,900 | |
| Total revenue | 69,980 | 200,976 |
| Cost of Sales | 58,560 | 86,636 |
| Gross Profit | 11,420 | 114,340 |
| Operating Expenses: | ||
| General and administrative | 170,442 | 214,544 |
| Sales and marketing | 5,170 | 14,075 |
| Research and development | 10,740 | 15,858 |
| Total Operating Expenses | 186,352 | 247,204 |
| Loss from Operations | (174,932) | (132,864) |
| Other Expense: | ||
| Gain on settlement | 364,690 | |
| Interest expense and financing costs, including $40,265 and $655,265, respectively, to related parties | (47,000) | (662,000) |
| Total Other Expense | 317,690 | (662,000) |
| Net Income (Loss) | $ 142,758 | $ (794,864) |
| Net Income (Loss) Per Common Share | ||
| Basic | $ 0.00 | $ (0.05) |
| Diluted | $ 0.00 | $ (0.05) |
| Weighted Average Number of Shares Outstanding | ||
| Basic | 39,538,007 | 16,776,676 |
| Diluted | 39,538,007 | 16,776,676 |