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Stockholder's Equity (Deficit) (Tables)

9 Months Ended

Mar. 31, 2015

Summary of the stock options granted to employees and others

	Number
	of
	Options

Options outstanding at beginning of year		614,000
Changes:
Granted		---
Cancelled/exercised		---

Options outstanding at end of period		614,000

Options exercisable at end of period		207,750

Schedule of stock warrants outstanding

Date Issued	Expiration Date	Exercise Price		Number of Warrants
July 2013	July 2016	$	2.00		125,000
February 2014	February 2019	$	1.00		1,000,000
February 2014	February 2017	$	1.50		200,000
February 2014	February 2017	$	2.00		200,000

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References+ Details