Fair Value Measurement (Tables)

6 Months Ended

Dec. 31, 2019

Fair Value Measurement

Schedule of estimated fair values of the liabilities measured on a recurring basis

At December 31, 2019 and June 30, 2019 the estimated fair values of the liabilities measured on a recurring basis are as follows:

	Fair Value Measurements at
	December 31, 2019:
	(Level 1)		(Level 2)		(Level 3)
Derivative liability - warrants	$	—	$	—	$	1,371,157

	Fair Value Measurements at
	June 30, 2019:
	(Level 1)		(Level 2)		(Level 3)
Derivative liability - warrants	$	—	$	—	$	1,645,606

Schedule of projected annual volatility

1 Year
12/31/19	84.3	%
6/30/19	76.1	%

Schedule of activity for liabilities measured at estimated fair value using unobservable inputs

The following tables present the activity for liabilities measured at estimated fair value using unobservable inputs for the six months ended December 31, 2019:

Fair Value Measurement

	Fair Value Measurement
	Using Significant
	Unobservable Inputs
		Derivative
		Liability-
		Warrant
Beginning balance at July 1, 2019	$	1,645,606
Additions during the year		—
Change in fair value		(274,449)
Transfer in and out of Level 3		—
Balance at December 31, 2019	$	1,371,157