Stock Options (Tables)

3 Months Ended

12 Months Ended

Sep. 30, 2016

Jun. 30, 2016

Stock Options Tables

Schedule of Stock option grants for each respective period

The following key assumptions were used in the valuation model to value stock option grants for each respective period:

Valuation Date	4/11/2016			4/11/2016			4/11/2016
Stock Price	$	0.06		$	0.06		$	0.06
Exercise Price	$	0.06		$	0.06		$	0.06
Term (expected term for options)		1.00			2.00			3.00
Volatility		56.49	%		58.45	%		97.82	%
Annual Rate of Quarterly Dividends		0.00	%		0.00	%		0.00	%
Discount Rate - Bond Equivalent Yield		0.53	%		0.70	%		0.85	%
Call Option Value ($Millions)	$	0.01		$	0.02		$	0.04
Fair Value	$	13,467		$	19,523		$	36,489

Stock option transactions under the Company’s plans for the years ended June 30, 2016 is summarized below:

						Weighted
				Weighted-		Average		Aggregate
				Average		Remaining		Intrinsic
		Shares		Exercise		Contractual		Value
Options		(Thousands)		Price		Term		(Thousands)
	Outstanding at July 1, 2015		—		—		—		—
	Granted		3,000		0.06		2		—
	Exercised		—		—		—		—
	Forfeited		—		—		—		—
	Outstanding at June 30, 2016		3,000		0.06		2		—

The following key assumptions were used in the valuation model to value stock option grants for each respective period:

Valuation Date	4/11/2016			4/11/2016			4/11/2016
Stock Price	$	0.06		$	0.06		$	0.06
Exercise Price	$	0.06		$	0.06		$	0.06
Term (expected term for options)		1.00			2.00			3.00
Volatility		56.49	%		58.45	%		97.82	%
Annual Rate of Quarterly Dividends		0.00	%		0.00	%		0.00	%
Discount Rate - Bond Equivalent Yield		0.53	%		0.70	%		0.85	%
Call Option Value ($Millions)	$	0.01		$	0.02		$	0.04
Fair Value	$	13,467		$	19,523		$	36,489

Stock option transactions under the Company’s plans for the years ended June 30, 2016 is summarized below:

						Weighted
				Weighted-		Average		Aggregate
				Average		Remaining		Intrinsic
		Shares		Exercise		Contractual		Value
Options		(Thousands)		Price		Term		(Thousands)
	Outstanding at July 1, 2015		—		—		—		—
	Granted		3,000		0.06		2		—
	Exercised		—		—		—		—
	Forfeited		—		—		—		—
	Outstanding at June 30, 2016		3,000		0.06		2		—