Stock Options and Warrants

12 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Note 9 – Stock Options and Warrants

The following table presents the activity of stock options issued for the period ended June 30, 2017 as follows:

Stock Options	Number of  Shares		Weighted  Average  Exercise  Price  per share ($)		Weighted  Average  Remaining  Contractual  Term (years)		Aggregate  Intrinsic  Value ($)
Outstanding and exercisable at June 30, 2014		535,715	$	0.35		1.23	$	2,094,643
Granted		-		-		-		-
Exercised		-		-		-		-
Expired		-		-		-		-
Canceled		-		-		-		-
Outstanding at June 30, 2015		535,715	$	0.35		0.23	$	749,997
Granted
Exercised		428,573		-		-		-
Expired		107,142		-		-		-
Canceled		-		-		-		-
Outstanding at June 30, 2016		-	$	-		-	$	-
Granted		-		-		-		-
Exercised		-		-		-		-
Expired		-		-		-		-
Canceled		-		-		-		-
Outstanding at June 30, 2017		-		-		-		-

For the years ended June 30, 2017, 2016 and 2015 there was no compensation expense recorded. As of June 30, 2017 there was no unrecognized compensation cost.

Stock Warrants	Number of  Shares		Weighted  Average  Exercise Price  per share ($)		Weighted  Average  Remaining  Contractual  Term (years)		Aggregate  Intrinsic Value ($)
Outstanding and exercisable at June 30, 2014		8,887,211	$	5.01		2.78	$	2,278,458
Granted		68,592		3.63		-		-
Exercised		1,926,656		3.50		-		-
Expired		1,052,472		3.50		-		-
Canceled		-		-		-		-
Outstanding and exercisable at June 30, 2015		5,976,675	$	5.14		3.20	$	19,000
Granted		640,025		3.31		-		-
Exercised		-		-		-		-
Expired		-		-		-		-
Canceled		-		-		-		-
Outstanding and exercisable at June 30, 2016		6,616,700	$	4.96		2.55	$	4,459
Granted		57,160		1.71		-		-
Exercised		-		-		-		-
Expired		-		-		-		-
Canceled		-		-		-		-
Outstanding and exercisable at June 30, 2017		6,673,860	$	4.93		1.36	$	-

Of the above warrants; 482,861 expire in fiscal year ending June 30, 2018; 6,065,247 expire in fiscal year ending June 30, 2019; 68,592 expire in fiscal year ending June 30, 2020 and 57,160 expire in fiscal year ending June 30, 2021.