XML 43 R29.htm IDEA: XBRL DOCUMENT

10. STOCK PURCHASE OPTIONS AND WARRANTS (Tables)

12 Months Ended

Jun. 30, 2018

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, 2017			525,000			$	0.18			$	0.16				4.81			$	93,750
Granted			-				-				-				-				-
Exercised			-				-				-				-				-
Cancelled/Expired			-				-				-				-				-
Outstanding as of June 30, 2018			525,000			$	0.05			$	0.16				4.06			$	93,750

The following table summarizes the changes in options outstanding of the Company during the fiscal year ended June 30, 2017

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			500,000				0.18				0.16				5.00				90,000
Exercised			-				-				-				-				-
Cancelled/Expired			-				-				-				-				-
Outstanding as of June 30, 2017			525,000			$	0.18			$	0.16				4.81			$	93,750

Schedule of Assumptions Used to Estimate Fair Value

		June 30, 2018		June 30, 2017
Expected volatility		105-304%		92-126%
Expected dividends		0%		0%
Expected term		0-5 Years		0-5 Years
Risk-free interest rate		0.96-2.73%		0.74-1.89%

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, 2017			39,927,097			$	0.38			$	0.45				3.38			$	15,144,835
Granted			6,675,000				0.08				0.05				4.38				534,250
Exercised			-				-				-				-				-
Cancelled/Expired			(4,842,500	)			0.49				-				-				(2,388,063	)
Outstanding as of June 30, 2018			41,759,597			$	0.32			$	0.40				3.01			$	13,291,022

		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			10,424,998				0.46				0.18				2.07				4,404,232
Exercised			(3,020,750	)			-				-				-				-
Cancelled/Expired			(2,511,701	)			0.36				-				-				(2,026,505	)
Outstanding as of June 30, 2017			39,927,097			$	0.38			$	0.45				3.38			$	15,144,835

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.

+ References + Details