Stock-Based Compensation (Tables)

6 Months Ended

Dec. 31, 2018

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

Schedule of Valuation Assumptions Used to Estimate Fair Value of Stock Options

The following assumptions were used for the periods indicated:

	Six Months Ended
	December 31,
	2018			2017
	(unaudited)
Expected volatility		122.66	%		136.25	%
Expected dividend yield		-			-
Risk-free interest rates		3.03	%		1.62	%
Expected term (in years)		5.0			5.0

Summary of Award Activity Under Stock Option Plans

A summary of the activity of the Company’s stock options for the six months ended December 31, 2018 is presented below (unaudited):

						Weighted		Weighted
	Weighted					Average		Average
	Average		Number of			Remaining		Optioned		Aggregate
	Exercise		Optioned			Contractual		Grant Date		Intrinsic
	Price		Shares			Term in Years		Fair Value		Value
Balance as of June 30, 2018	$	0.09		85,616,914			4.00	$	0.11	$	-
Expired		-		-					-
Granted		0.03		7,500,000					0.04
Exercised		-		-					-
Cancelled		0.06		(600,000	)				0.06
Balance as of December 31, 2018	$	0.08		92,516,914			3.54	$	0.10	$	-
Vested and exercisable as of December 31, 2018	$	0.08		81,784,747			3.54	$	0.11	$	-

Summary of Award Activity Under Restricted Stock Plans

A summary of the activity of the Company’s restricted stock awards for the six months ended December 31, 2018, and year ended June 30, 2018 is presented below (unaudited):

	Number of
	Nonvested,			Weighted
	Unissued			Average
	Restricted			Grant Date
	Share Awards			Fair Value
Nonvested, unissued restricted shares outstanding at June 30, 2017		1,500,000			0.21
Granted		5,500,000			0.06
Vested		(7,000,000	)		0.09
Forfeited		-			-
Nonvested, unissued restricted shares outstanding at June 30, 2018		-		$	-
Granted		-			-
Vested		-			-
Forfeited		-			-
Nonvested, unissued restricted shares outstanding at December 31, 2018		-		$	-