NOTE 10 - WARRANTS

On August 7, 2017, 220,000 warrants were issued in connection with a professional services agreement. The warrants are exercisable at $0.40 per share and vest upon the satisfaction of certain performance targets that must be met on or before March 31, 2018. The warrants expire in March 2021.

On June 22, 2017, 357,500 warrants were issued in connection with the Underwriting Agreement entered into with Roth Capital Partners, LLC as part of underwriting compensation which provided for the sale of $2.5 million of Common Stock on June 22, 2017. The warrants are exercisable at $0.42 per share and expire in June 2022.

On February 28, 2016, 45,000 warrants were issued as partial payment for services. The warrants are exercisable at $0.37 per share and expire in February 2019. In October 2016, 45,000 warrants were exercised via a cashless exercise resulting in the issuance of 29,162 shares of Common Stock of the Company.

On June 19, 2012, 579,061 warrants were issued in connection with the Underwriting Agreement entered into with MDB Capital Group, LLC as part of underwriting compensation which provided for the sale of $12 million of Common Stock on June 19, 2012. The warrants were exercisable at $2.375 per share and the remaining unexercised warrants of 306,902 expired in June 2017.

On May 1, 2012, 511,604 warrants were issued in connection with Securities Purchase Agreements entered into with certain investors providing for the sale of a total of $2,465,000 of Zero Coupon Convertible Subordinated Notes on May 1, 2012. The warrants were exercisable at $2.65 per share and expired in May 2017.

On September 26, 2013, 3,157,894 warrants were issued in connection with Securities Purchase Agreements entered into with certain investors providing for the sale of a total of $3.0 million of Series B Convertible Preferred Stock (the “Series B Preferred Stock”) on September 26, 2013. The warrants were exercisable at $0.95 per share and the remaining unexercised warrants of 1,710,525 expired in September 2016.

On September 26, 2013, 81,579 warrants were issued as placement agent’s compensation in connection with the sale of $3.0 million of Series B Preferred Stock on September 26, 2013. The warrants were exercisable at $0.95 per share and expired in September 2016.

Information with respect to warrant activity is as follows:

			Weighted
			Average
	Number of		Exercise Price
	Warrants		Per Share
Balance at June 30, 2016		2,655,610	$	1.43
Warrants granted		357,500		0.42
Warrants exercised		(45,000)		0.37
Warrants expired		(2,610,610)		1.45
Balance at June 30, 2017		357,500		0.42
Warrants granted		220,000		0.40
Balance at September 30, 2017		577,500		0.41