BEAMZ INTERACTIVE INC

CIK:0001423357|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Revenue:
Sales, net	$ 87,469us-gaap_SalesRevenueNet	$ 168,885us-gaap_SalesRevenueNet	$ 187,981us-gaap_SalesRevenueNet	$ 178,408us-gaap_SalesRevenueNet
Cost of goods sold	45,348us-gaap_CostOfGoodsSold	94,352us-gaap_CostOfGoodsSold	99,595us-gaap_CostOfGoodsSold	110,940us-gaap_CostOfGoodsSold
Gross profit	42,121us-gaap_GrossProfit	74,533us-gaap_GrossProfit	88,386us-gaap_GrossProfit	67,468us-gaap_GrossProfit
Depreciation and amortization	8,033	7,914	15,946	15,827
Research and development expenses	70,272us-gaap_ResearchAndDevelopmentExpense	253,608us-gaap_ResearchAndDevelopmentExpense	143,501us-gaap_ResearchAndDevelopmentExpense	571,046us-gaap_ResearchAndDevelopmentExpense
Sales and marketing expenses	286,747us-gaap_SellingAndMarketingExpense	646,953us-gaap_SellingAndMarketingExpense	477,194us-gaap_SellingAndMarketingExpense	1,286,890us-gaap_SellingAndMarketingExpense
General and administrative expenses	301,497us-gaap_GeneralAndAdministrativeExpense	680,264us-gaap_GeneralAndAdministrativeExpense	617,652us-gaap_GeneralAndAdministrativeExpense	1,691,637us-gaap_GeneralAndAdministrativeExpense
Loss from Operations	(624,428)us-gaap_OperatingIncomeLoss	(1,514,206)us-gaap_OperatingIncomeLoss	(1,165,907)us-gaap_OperatingIncomeLoss	(3,497,932)us-gaap_OperatingIncomeLoss
Other Expense
Interest expense	(182,683)us-gaap_InterestExpense	(157,741)us-gaap_InterestExpense	(414,764)us-gaap_InterestExpense	(278,286)us-gaap_InterestExpense
Loss on extinguishment of debt	(49,401)		(49,401)
Net Loss	$ (856,512)us-gaap_ProfitLoss	$ (1,671,947)us-gaap_ProfitLoss	$ (1,630,072)us-gaap_ProfitLoss	$ (3,776,218)us-gaap_ProfitLoss
Loss per share
Basic and diluted loss per common share	$ (0.01)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.07)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.03)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.15)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average common shares outstanding - basic and diluted	58,761,335	25,179,865	55,890,066	24,935,012

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Net Loss to Net Cash Used by Operating Activities
Net Loss	$ (1,630,072)us-gaap_NetIncomeLoss	$ (3,776,218)us-gaap_NetIncomeLoss
Cash flows from operating activities:
Depreciation and amortization	15,946us-gaap_DepreciationAndAmortization	15,827us-gaap_DepreciationAndAmortization
Equity issued for services and liabilities	301,805	1,595,500
Debt issued for services		50,000
Allowance for doubtful accounts		30,832
Amortization of debt discount	172,362	135,647
Loss on extinguishment of debt	49,401fil_LossOnExtinguishmentOfDebt
Payment of services by related parties		899,655fil_PaymentOfServicesByRelatedParties
Changes in Operating Assets and Liabilities
Accounts receivable	12,831	(60,340)
Inventory	7,810us-gaap_IncreaseDecreaseInInventories	(331,558)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets	21,382	(160,937)
Deposits		(874)us-gaap_IncreaseDecreaseInDeposits
Accounts payable	(211,495)	237,248
Accrued liabilities	330,042	235,026
Net cash used by operating activities	(929,988)	(1,130,192)
Cash flows from investing activities:
Purchase of equipment	(1,433)	(94,960)
Net cash used by investing activities	(1,433)	(94,960)
Cash flows from financing activities:
Related party advances	115,000us-gaap_ProceedsFromRelatedPartyDebt	274,980us-gaap_ProceedsFromRelatedPartyDebt
Proceeds from related party bridge loans and convertible debt		910,000us-gaap_ProceedsFromConvertibleDebt
Proceeds from equity financing	862,500
Proceeds from exercise of warrants		600us-gaap_ProceedsFromWarrantExercises
Net cash provided by financing activities	977,500	1,185,580
Increase (decrease) in cash and cash equivalents	46,079	(39,572)
Cash and cash equivalents, beginning of period	37,054	152,124
Cash and cash equivalents, end of period	83,133	112,552
Non-cash investing and financing activities:
Related party payments of accounts payable		899,655
Warrants issued with bridge loans		223,203fil_WarrantsIssuedWithBridgeLoans
Conversion of related party advances to equity	524,865
Issuance of debt for payment of services		50,000
Equity issued for payment of services and liabilities	301,805us-gaap_StockIssued1	1,595,500us-gaap_StockIssued1
Cash paid for:
Income taxes		0us-gaap_IncomeTaxesPaid
Interest		$ 3,385us-gaap_InterestPaid

CONDENSED BALANCE SHEETS (USD $)	Dec. 31, 2014	Jun. 30, 2014
Current Assets:
Cash and cash equivalents	$ 83,133us-gaap_Cash	$ 37,054us-gaap_Cash
Accounts receivable, net	22,675us-gaap_AccountsReceivableNetCurrent	35,506us-gaap_AccountsReceivableNetCurrent
Inventory, net	328,395us-gaap_InventoryNet	336,205us-gaap_InventoryNet
Prepaid expenses	40,557us-gaap_PrepaidExpenseCurrent	57,939us-gaap_PrepaidExpenseCurrent
Total Current Assets	474,760us-gaap_AssetsCurrent	466,704us-gaap_AssetsCurrent
Prepaid expenses - long term portion	3,000us-gaap_PrepaidExpenseNoncurrent	7,000us-gaap_PrepaidExpenseNoncurrent
Property and equipment, net	48,794us-gaap_PropertyPlantAndEquipmentNet	63,307us-gaap_PropertyPlantAndEquipmentNet
Deposits	10,370us-gaap_DepositAssets	10,370us-gaap_DepositAssets
Total Assets	536,924us-gaap_Assets	547,381us-gaap_Assets
Current Liabilities:
Accounts payable	278,045us-gaap_AccountsPayableCurrent	489,541us-gaap_AccountsPayableCurrent
Accrued liabilities	827,958us-gaap_AccruedLiabilitiesCurrent	497,916us-gaap_AccruedLiabilitiesCurrent
Advances from related parties	100,000us-gaap_DueToRelatedPartiesCurrent	509,865us-gaap_DueToRelatedPartiesCurrent
Notes payable, net of discount	361,778us-gaap_NotesPayableCurrent	201,305us-gaap_NotesPayableCurrent
Notes payable - related parties, net of discount	4,334,644	2,788,289
Total Current Liabilities	5,902,425us-gaap_LiabilitiesCurrent	4,486,916us-gaap_LiabilitiesCurrent
Long-Term Liabilities
Notes payable, net of discount	0us-gaap_LongTermNotesPayable	51,314us-gaap_LongTermNotesPayable
Notes payable - related parties, net of discount	0	1,433,750
Total Liabilities	5,902,425us-gaap_Liabilities	5,971,980us-gaap_Liabilities
Commitments and Contingencies
Stockholders' Deficit:
Preferred Stock 10,000,000 shares authorized $.001 par value:Series D Convertible Preferred; 1,300,000 authorized; 796,039 shares issued and outstanding	796us-gaap_PreferredStockValue	796us-gaap_PreferredStockValue
Common Stock, $.001 par value, 250,000,000 shares authorized; 67,303,508 and 32,193,416 shares issued and outstanding	67,304us-gaap_CommonStockValue	32,193us-gaap_CommonStockValue
Additional paid-in capital	20,003,444us-gaap_AdditionalPaidInCapital	18,349,385us-gaap_AdditionalPaidInCapital
Accumulated deficit	(25,437,045)	(23,806,973)
Total Stockholders' Deficit	(5,365,501)us-gaap_StockholdersEquity	(5,424,599)us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Deficit	$ 536,924	$ 547,381