v3.3.1.900

BALANCE SHEETS - USD ($)	Jun. 30, 2015	Jun. 30, 2014
CURRENT ASSETS
Cash	$ 10,047	$ 97,846
Prepaid and other current assets	5,482	3,613
Total current assets	15,529	101,459
PROPERTY AND EQUIPMENT, net	7,969	7,076
Total assets	23,498	108,535
CURRENT LIABILITIES
Accounts payable, trade	612,888	643,090
Accrued liabilities	765,292	935,966
Current Portion of Judgment Liability	42,846
Accrued liabilities-majority shareholder	7,353,989	6,615,469
Accrued liabilities-related parties	665,955	0
Notes payable-other	1,258,182	1,383,682
Note payable - majority shareholder	1,792,904	2,188,947
Convertible notes payable, net of discount of $81,049 and $123,640	352,975	213,240
Notes payable - minority shareholders	859,834	208,068
Derivative Liability	719,792	281,251
Deferred wages – employees	376,278	1,035,335
Deferred other income	24,598	24,598
Customer deposits	384,767	384,767
Total current liabilities	15,210,300	13,914,413
LONG TERM LIABILITIES
Deferred wages and interest-majority shareholder	1,533,230	1,328,830
Non-current Portion of Judgment Liability	234,695
Total liabilities	16,978,225	15,243,243
STOCKHOLDERS' DEFICIT
Common stock, authorized, 150,000,000 shares, no par value 99,620,472 and 54,876,990 issued and outstanding respectively	40,328,642	39,082,892
Accumulated deficit	(57,283,369)	(54,217,600)
Total stockholders' deficit	(16,954,727)	(15,134,708)
	$ 23,498	$ 108,535

Carrying value as of the balance sheet date of related party obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References

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MOLLER INTERNATIONAL INC 10-K