Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (352,396) $ (265,867)  
Adjustments to reconcile net loss to net cash used by operating activities:      
Accretion to notes payable to related party 1,266    
Amortization of debt discount 58,130    
Accrued debenture interest 10,062    
Change in fair value of embedded derivative 10,000    
Stock issued in lieu of services 39,549    
Changes in operating assets and liabilities:      
(Increase) decrease in accounts payable and accrued expenses 87,855 15,294  
(Increase) decrease in accrued technology fee 10,012 10,351  
Increase (decrease) in prepaid expenses 1,248    
Net cash provided by (used in) operating activities (154,274) (240,222)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of convertible debentures 127,000    
Proceeds from stock subscriptions   385,000  
Net cash provided by financing activities 127,000 385,000  
Effect of exchange rate on cash   (1,287)  
Net increase (decrease) in cash (27,274) 143,491  
Cash, beginning of period 32,275 52,110 $ 52,110
Cash, end of period 5,001 $ 195,601 $ 32,275
Schedule of non-cash financing activities      
Beneficial conversion feature - convertible debentures $ 35,000