Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Interim Statement of Cash Flows (Unaudited)

v3.7.0.1
Consolidated Condensed Interim Statement of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Loss for the period $ (5,480,772) $ (5,408,479)
Items not affecting cash    
Amortization of intangible assets 11,574 6,430
Change in fair value of stock option and derivative liabilities (58,501) 943,050
Change in fair value of derivative liability due change in warrant terms 270,965
Shares issued for services 564,000 80,400
Warrants issued for services 80,421 400,389
Stock option expense 106,571 138,711
Changes in non-cash working capital    
Taxes and other receivables (52,174) (6,311)
Prepaid expenses 24,355 159,746
Accounts payable and accrued liabilities 207,803 (115,317)
Related party payables 26,815 (61,802)
Net cash flows from operating activities (4,569,908) (3,592,218)
Cash flows from investing activities    
Intangible assets - 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 545,022 405,183
Series A preferred stock dividend (6,267) (6,267)
Deferred costs (25,705) (60,647)
Net cash flows from financing activities 513,050 2,791,902
Decrease in cash and cash equivalents (4,056,858) (817,078)
Cash and cash equivalents - beginning of period 6,157,264 1,754,433
Cash and cash equivalents - end of period $ 2,100,406 $ 937,355