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Securities Purchase Agreement (Tables)

3 Months Ended

Sep. 30, 2014

Securities Purchase Agreement [Abstract]

Schedule of common shares indexed to the derivative financial instruments

		June 30, 2014				September 30, 2014
3,7500,000 common stock purchase agreement dated March 14, 2014			3,750,000				3,750,000

Schedule of significant assumptions embodied in valuations

Warrant Derivative
	Revaluation Date (June 30, 2014)				Revaluation Date (September 30, 2014)
Warrants to purchase common stock:
Strike price		$	0.15		$	0.15
Volatility			121.01	%		135.78	%
Term (years)			4.70			4.45
Risk-free rate			1.62	%		1.78	%
Dividends			-			-

- Definition

Tabular disclosure of derivative instruments that require the entity to deliver shares as part of a physical settlement or a net-share settlement or contracts that give the company a choice of (a) net-cash settlement or settlement in shares including net-share settlement or physical settlement that requires the company to deliver shares), or (b) net-share settlement or physical settlement that requires the company to deliver cash. In the case of an option contract indexed to the issuer's equity, this disclosure includes the option strike price, the number of issuer's shares to which the contract is indexed, the settlement date or dates of the contract, and the issuer's accounting for the contract (i.e., asset, liability, or equity). Also includes description of the settlement alternatives, who controls the settlement alternatives, and the maximum number of shares that could be required to be issued to net-share settle the contract. If a contract does not have a fixed or determinable maximum number of shares that may be required to be issued, disclosure includes the contract's current fair value of settlement alternatives (in monetary or quantities of shares) and how changes in the price of the issuer's equity instruments affect those settlement amounts.

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