Equity Transactions (Tables)

12 Months Ended

Jun. 30, 2020

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 years ended June 30, 2020 and 2019:

	Options			Weighted-Average Exercise Price		Weighted Remaining Average Contractual Term		Aggregate Intrinsic Value
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
Granted		10,400			3.88		4.5		105,200
Options Exercised or Forfeited		(8,000	)		—		—		—
Outstanding at June 30, 2020		60,400		$	11.06		4.2	$	352,600
Exercisable at June 30, 2020		60,400		$	11.06		4.2	$	352,600

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 2020			June 30 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	%

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 June 30, 2020:

Exercise Price		Outstanding		Weighted Average Contract Life		Exercisable
$	2.80		8,000		4.6		8,000
$	3.75		5,600		3.6		5,600
$	6.25		3,200		3.6		3,200
$	7.50		25,600		5.6		25,600
$	8.75		1,600		5.4		1,600
$	12.50		4,000		2.6		4,000
$	25.00		1,600		2.3		1,600
$	26.25		4,400		1.8		4,400
$	27.50		800		1.7		800
$	28.75		1,600		2.1		1,600
$	31.25		4,000		1.4		4,000
	Total		60,400				60,400

Schedule of Warrants Issued

The following table summarizes the warrants that have been issued:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Life (Years)		Aggregate Intrinsic Value
Outstanding and exercisable 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
Granted		1,250,000	$	4.00		4.7	$	—
Expired		—	$	—		—	$	—
Outstanding and exercisable at June 30, 2020		1,374,667	$	7.72		4.2	$	13,799,331