H. Equity

3 Months Ended

Sep. 30, 2016

Equity [Abstract]

Equity

The Company did not issue any shares of Common Stock during the three months ended September 30, 2016.

During the three months ended September 30, 2016, the Company recognized the value of exercisable detachable warrants issued with debt in the amount of $1,800.

The Company has authorized 25,000,000 shares of Preferred Stock of which 5,000,000 shares have been allocated to Series A, 500,000 have been allocated to Series B, 400,000 have been allocated to Series C Junior Participating, 500,000 have been allocated to Series D, and 750,000 have been allocated to Series E. At September 30, 2016 and June 30, 2016, no Preferred Stock of any series was issued or outstanding.