Equity Transactions (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2020

Jun. 30, 2019

Disclosure Stock Options Tables Abstract

Schedule of Stock Option Issued

Stock Options

The following table summarizes the activity relating to the Company’s stock options for the nine months ended March 31, 2020:

	Options		Weighted-Average Exercise Price		Weighted Remaining Average Contractual Term		Aggregate Intrinsic Value
Outstanding at June 30, 2019		58,000	$	12.50		5.2	$	87,480
Granted		10,400		3.88		4.8		5,040
Options Exercised or Forfeited		—		—		—		—
Outstanding at March 31, 2020		68,400	$	10.50		4.3	$	6,748
Exercisable at March 31, 2020		68,400	$	10.50		4.3	$	6,748

The fair value of each option grant on the date of grant is estimated using the Black-Scholes option. The pricing model reflected the following weighted-average assumptions for the nine months ended March 31, 2020:

	March 31 2020			March 31 2019
Expected life of options (In years)		5			5
Expected volatility		73.74	%		69.77	%
Risk free interest rate		1.63	%		2.60	%
Dividend Yield		0	%		0	%

The following table summarizes the activity relating to the Company’s stock options for the years ended June 30, 2018 and 2019:

	Options			Weighted-Average Exercise Price		Weighted Remaining Average Contractual Term		Aggregate Intrinsic Value
Outstanding at June 30, 2017		32,000		$	12.50		5.9	$	142,000
Granted		10,000		$	18.75		5.0	$	—
Options Exercised		(800	)	$	2.50		—	$	—
Outstanding at June 30, 2018		41,200		$	15.00		5.8	$	142,000
Granted		16,800		$	5.00		4.5	$	131,000
Options Exercised or Forfeited		—		$	—		—	$	—
Outstanding at June 30, 2019		58,000		$	12.50		5.2	$	273,000
Exercisable at June 30, 2019		58,000		$	12.50		5.2	$	—

The fair value of each option grant on the date of grant is estimated using the Black-Scholes Option – Pricing model reflecting the following weighted-average assumptions:

	June 30,
	2019			2018
Expected life of options (In years)		5			5
Expected volatility		69.77	%		103.13	%
Risk free interest rate		2.60	%		2.28	%
Dividend Yield		0	%		0	%

Schedule of option outstanding and exercisable by exercise price

The following is a summary of stock options outstanding and exercisable by exercise price as of March 31, 2020:

Exercise Price		Outstanding		Weighted Average Contract Life		Exercisable
$	2.80		8,000		4.8		8,000
$	3.75		5,600		3.8		5,600
$	6.25		11,200		3.9		11,200
$	7.50		25,600		5.9		25,600
$	8.75		1,600		5.8		1,600
$	12.50		4,000		2.8		4,000
$	25.00		1,600		2.5		1,600
$	26.25		4,400		2.1		4,400
$	27.50		800		2.0		800
$	28.75		1,600		2.4		1,600
$	31.25		4,000		1.6		4,000

The following is a summary of stock options outstanding and exercisable by exercise price as of June 30, 2019:

				Weighted Average
Exercise Price		Outstanding		Contract Life		Exercisable
$	3.75		5,600		4.6		5,600
$	6.25		10,400		4.3		10,400
$	7.50		24,800		6.7		24,800
$	8.75		800		4.3		800
$	12.50		4,000		3.6		4,000
$	25.00		1,600		3.3		1,600
$	26.25		4,400		2.8		4,400
$	27.50		800		2.7		800
$	28.75		1,600		3.1		1,600
$	31.25		4,000		2.4		4,000
	Total		58,000				58,000

Schedule of Warrants Issued

The following table summarizes the warrants activity during the nine months ended March 31, 2020:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Life (Years)		Aggregate Intrinsic Value
Outstanding and exercisable at June 30, 2019		124,667	$	45.00		5.6	$	716,653
Granted		1,250,000	$	4.00		4.7	$	—
Expired		—	$	—		—	$	—
Outstanding and exercisable at March 31, 2019		1,374,667	$	7.72		4.4	$	131,766

The following table summarizes the warrants that have been issued:

						Weighted
				Weighted		Average		Aggregate
	Number of			Average		Remaining		Intrinsic
	Shares			Exercise Price		Life (Years)		Value
Outstanding at June 30, 2017		49,391		$	62.50		0.5
Granted		28,802		$	27.50		5.3
Expired		(40,000	)	$	62.50		—
Outstanding at June 30, 2018		38,193		$	36.25		5.5	$	—
Granted		1,713,333		$	45.00		5.6	$	1,159,988
Expired				$	—		—	$	—
Exercised		(1,626,859	)	$	45.00		—	$	—
Outstanding and exercisable at June 30, 2019		124,667		$	45.00		5.6	$	1,202,678