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9. STOCK PURCHASE OPTIONS AND WARRANTS (Tables)

12 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Schedule of Options

Date Issued		Number of Options				Weighted Average Exercise Price				Weighted Average Grant Date Fair Value				Expiration Date (yrs)				Value if Exercised
Balance June 30, 2014			381,429			$	0.55			$	0.12				0.62			$	209,643
Granted			-				-				-				-				-
Exercised			-				-				-				-				-
Cancelled/Expired			(301,429	)			(0.52	)			-				-				(156,743	)
Outstanding as of June 30, 2015			80,000			$	0.66			$	0.59				1.20			$	52,900

Date Issued		Number of Options				Weighted Average Exercise Price				Weighted Average Grant Date Fair Value				Expiration Date (yrs)				Value if Exercised
Balance June 30, 2013			613,429			$	0.85			$	1.20				1.95			$	522,843
Granted			25,000				0.15				0.24				5.00				3,750
Exercised			-				-				-				-				-
Cancelled/Expired			(257,000	)			(1.23	)			-				-				(316,950	)
Outstanding as of June 30, 2014			381,429			$	0.55			$	0.12				0.62			$	209,643

Schedule of Assumptions Used to Estimate Fair Value

		2015		2014
Expected volatility		71-142%		113-132%
Expected dividends		0%		0%
Expected term		.25-10 Years		2-10 Years
Risk-free interest rate		0.00-2.35%		0.35-1.75%

Schedule of Warrants

		Number of Warrants				Weighted Average Exercise Price				Weighted Average Grant Date Fair Value				Expiration Date (yrs)				Value if Exercised
Outstanding as of June 30, 2014			8,332,579			$	0.76			$	0.70				2.96			$	6,370,432
Granted			26,464,199				0.24				0.25				5.56				9,821,607
Exercised			(750,000	)			-				-				-				(160,000	)
Cancelled/Expired			(2,065,000	)			-				-				-				(2,446,750	)
Outstanding as of June 30, 2015			31,981,778			$	0.76			$	0.70				2.96			$	13,585,289

		Number of Warrants				Weighted Average Exercise Price				Weighted Average Grant Date Fair Value				Expiration Date (yrs)				Value if Exercised
Outstanding as of June 30, 2013			7,530,063			$	0.67			$	2.45				4.17			$	4,770,713
Granted			1,366,016				1.30				0.23				5.00				1,774,467
Exercised			(65,000	)			(0.25	)			0.14				-				(16,250	)
Cancelled/Expired			(498,500	)			(0.70	)			-				-				(158,498	)
Outstanding as of June 30, 2014			8,332,579			$	0.76			$	0.70				2.96			$	6,370,432

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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