9. STOCK PURCHASE OPTIONS AND WARRANTS (Tables)

9 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Schedule of options activity

Date Issued	Number of Options	Weighted Average Exercise Price	Weighted Average Grant Date Fair Value	Expiration Date (yrs)	Value if Exercised
Balance June 30, 2016	25,000	$0.15	$0.24	2.00	$3,750
Granted	-	-	-	-	-
Exercised	-	-	-	-	-
Cancelled/Expired	-	-	-	-	-
Outstanding as of March 31, 2017	25,000	$0.15	$0.24	1.25	$3,750

Date Issued	Number of Options	Weighted Average Exercise Price	Weighted Average Grant Date Fair Value	Expiration Date (yrs)	Value if Exercised
Balance June 30, 2015	80,000	$0.66	$0.59	1.20	$52,900
Granted	-	-	-	-	-
Exercised	-	-	-	-	-
Cancelled/Expired	(55,000)	0.89	-	-	(49,150)
Outstanding as of June 30, 2016	25,000	$0.15	$0.24	2.00	$3,750

Schedule of Assumptions Used to Estimate Fair Value

	March 31, 2017	June 30, 2016
Expected volatility	98-104%	106-114%
Expected dividends	0%	0%
Expected term	2-3 Years	2-5 Years
Risk-free interest rate	0.81-1.61%	0.71-1.01%

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, 2016	35,034,550	$0.36	$0.45	4.31	$12,767,108
Granted	5,865,668	0.45	0.28	2.09	2,263,767
Exercised	(3,020,750)	-	-	-	-
Cancelled/Expired	(2,068,533)	0.34	-	-	(1,826,838)
Outstanding as of March 31, 2017	35,810,935	$0.37	$0.49	3.78	$13,204,037

	Number of Warrants	Weighted Average Exercise Price	Weighted Average Grant Date Fair Value	Expiration Date (yrs)	Value if Exercised
Outstanding as of June 30, 2015	31,981,778	$0.43	$0.50	4.98	$13,585,289
Granted	5,172,000	0.45	0.33	3.52	2,316,000
Exercised	(813,360)	-	-	-	(630,364)
Cancelled/Expired	(1,175,868)	0.53	-	-	(2,513,817)
Outstanding as of June 30, 2016	35,034,550	$0.36	$0.45	4.31	$12,767,108