Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Interim Statement of Cash Flows (Unaudited)

v3.6.0.2
Consolidated Condensed Interim Statement of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities    
Loss for the period $ (3,612,312) $ (4,268,078)
Items not affecting cash    
Amortization of intangible assets 7,716 2,572
Change in fair value of stock option and derivative liabilities (135,980) 1,219,634
Change in fair value of derivative liability due change in warrant terms 263,965
Shares issued for services 564,000 80,400
Warrants issued for services 50,244 181,571
Stock option (income) expense (43,384) 114,868
Changes in non-cash working capital    
Taxes and other receivables 399 9,482
Prepaid expenses 13,341 77,536
Accounts payable and accrued liabilities (68,369) (283,164)
Related party payables 161,937 (34,086)
Net cash flows from operating activities (3,062,408) (2,635,300)
Cash flows from investing activities    
Website development costs (16,762)
Net cash flows from investing activities (16,762)
Cash flows from financing activities    
Net proceeds from the issuance of shares and warrants 2,453,633
Proceeds from the exercise of warrants 326,699 405,183
Series A preferred stock dividend (4,178) (4,178)
Net cash flows from financing activities 322,521 2,854,638
(Decrease) increase in cash and cash equivalents (2,739,887) 202,576
Cash and cash equivalents - beginning of period 6,157,264 1,754,433
Cash and cash equivalents - end of period $ 3,417,377 $ 1,957,009