The net loss for the three month period ended June 30, 2017 was $2,438,801, compared to a loss of $163,483 for the three months ended June 30, 2016. The loss for the three months ended June 30, 2017 consists of $234,620 for consulting fees, $29,793 for legal and accounting fees and $4,823 for travel. Other Income (Expense) was an expense for the beneficial interest on Notes Payable of $73,500, a loss on the issuance of Preferred stock of $2,084,300 and interest expense of $2,065.
The loss for the three months ended June 30, 2016 consisted of $40,000 for accrued consulting fees, $15,000 for website design, $16,000 for legal and accounting fees. Other income and (expense) consists of $56,550 for the beneficial interest on Notes Payable and $4,035 for interest expense..
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