Stock-Based Compensation Plan (Tables)

9 Months Ended

Mar. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Fair Value of Stock Option Assumptions

The following assumptions were used in the Monte Carlo analysis by Doty Scott Enterprises, Inc., an independent valuation firm, to determine the fair value of the stock options:

Risk-free interest rate	1.18	%
Expected life	7 years
Expected volatility	239.3	%
Vesting is based on a one-year cliff from grant date.

Schedule of Fair Value of Stock Option Issuance Date

The fair value of the Company’s Stock Options as of issuance valuation date is as follows:

						Fair Value at
Holder	Issue Date	Maturity Date	Stock Options		Exercise Price	Issuance
Tam Bui	9/23/2016	9/23/2023		875,000	Fixed price: $0.24	$	219,464
Frank Hawkins	9/23/2016	9/23/2023		875,000	Fixed price: $0.24	$	219,464
Henry Fahman	9/23/2016	9/23/2023		4,770,000	Fixed price: $0.24	$	1,187,984