7. NOTE PAYABLE (Tables)

12 Months Ended

Jun. 30, 2016

Note Payable Tables

Notes payable

		2016		2015
Note payable	$	200,000	$	-
Less current		-		-
Note payable, long-term	$	200,000	$	-

Assumptions for warrants granted during the year

	Awards Granted	Awards Granted
	With an Exercise	With an Exercise
Assumption	Price of $0.50	Price of $1.00
Dividend yield	0%	0%
Expected volatility	62%	62%
Risk-free interest rate	2%	2%
Expected life of options (in years)	5.0	5.0
Weighted average grant-date Black Scholes calculated fair value	$0.07	$0.04