XML 45 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock Options and Warrants (Tables)
3 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Option fair value assumptions

 

  2014
Risk-free interest rate 2.48%
Expected volatility 312.48% - 317.03%
Dividend yield 0%
Expected option term 10 years
Option activity

 

 

    Options     Weighted Average Exercise Price     Weighted Average Remaining Term (Years)     Aggregate Intrinsic Value  
                         
Outstanding at June 30, 2014     -     $ -              
  Granted     4,690,339       0.500              
Outstanding at September 30, 2014     4,690,339       0.500       9.362     $ 5,628,407  
Exercisable at September 30, 2014     1,198,390     $ 0.500       9.362     $ 1,438,068  
Warrant activity

 

 

    Common Shares Covered by Warrants     Weighted Average Exercise Price     Weighted Average Remaining Term (Years)     Aggregate Intrinsic Value  
                         
Outstanding at June 30, 2014     2,000,689     $ 0.894       1.879     $ 1,860,154  
  Granted     -       -                  
  Reset adjustment     1,175       1.100                  
Outstanding at September 30, 2014     2,001,864     $ 0.924       1.627     $ 1,555,298  
Exercisable at September 30, 2014     2,006,955     $ 0.924       1.627     $ 1,555,298