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DERIVATIVE LIABILITIES (Tables)
9 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of estimated fair values of the liabilities measured on a recurring basis

 

 

Nine months ended

 

 

Year Ended

 

 

 

March 31,

2018

 

 

June 30,

2017

 

Expected term

 

0.04 - 5.00 years

 

 

0.38 - 2.38 years

 

Expected average volatility

 

173%-488%

 

 

235%-288%

 

Expected dividend yield

 

 

-

 

 

 

-

 

Risk-free interest rate

 

0.96%-2.68%

 

 

1.14%-1.38%

 

Schedule of changes in the derivative liabilities

Fair Value Measurements Using Significant Observable Inputs (Level 3)

 

 

 

 

 

Balance - June 30, 2017

 

$ 114,316

 

 

 

 

 

 

Addition of new derivatives recognized as debt discounts

 

 

235,000

 

Addition of new derivatives recognized as loss on derivatives

 

 

407,488

 

Settled on issuance of common stock

 

 

(281,424 )

Gain on change in fair value of the derivative

 

 

101,604

 

Balance - March 31, 2018

 

$ 576,984