Warrants

6 Months Ended

Dec. 31, 2019

Warrants and Rights Note Disclosure [Abstract]

Warrants

Note 10 – Warrants

A summary of the Company's warrant activities is as follows:

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Life		Intrinsic Value
Outstanding, June 30, 2019		727,779		$	6.30		2.09 years	$	2,563,939
Issued		190,996			11.25		-		-
Exercised		(105,279	)		7.65		-		-
Expired		(5,779	)		13.35		-		-
Outstanding and Exercisable, December 31, 2019		807,717		$	6.75		2.15 years	$	655,231

There were 105,279 warrants exercised during the six months ended December 31, 2019. The intrinsic value of the warrants exercised during the six months December 31, 2019 and 2018 was $0 and $1,789,666, respectively.

As at December 31, 2019, the following warrants were outstanding:

Expiry Date	Number of Warrants Issued and Exercisable		Weighted Average Exercise Price
February 2020		23,333		2.25
March 2020		81,111		2.25
June 2020		30,000		2.70
July 2020		45,333		3.30
August 2020		66,667		3.90
November 2021		143,661		11.25
March 2022		177,777		2.25
August 2022		63,556		11.25
October 2022		3,333		11.25
December 2023		48,889		11.25
August 2024		3,056		11.25
November 2024		121,051		11.25
		807,717	$	6.75