SECURITIES PURCHASE AGREEMENT (TABLES)

3 Months Ended

Sep. 30, 2015

SECURITIES PURCHASE AGREEMENT (TABLES):

Schedule of common shares indexed to the derivative financial instruments

The following table summarizes the number of common shares indexed to the derivative financial instruments as of September 30, 2015 and June 30, 2015:

	September 30, 2015		June 30, 2015
3,7500,000 common stock purchase agreement dated March 14, 2014		3,750,000		3,750,000

Information and significant assumptions embodied in our valuations

Information and significant assumptions embodied in our valuations (including ranges for certain assumptions during the subject periods that instruments were outstanding) as of September 30, 2015 and June 30, 2015 are illustrated in the following tables:

	Warrant Derivative
	Revaluation Date (September 30, 2015)				Revaluation Date (June 30, 2015)
Warrants to purchase common stock:
Strike price		$	0.15		$	0.15
Volatility			164.34	%		178.17	%
Term (years)			2.94			3.70
Risk-free rate			1.37	%		1.63	%
Dividends			-			-