H. Equity

6 Months Ended

Dec. 31, 2016

Equity [Abstract]

Equity

The Company did not issue any shares of Common Stock during the six months ended December 31, 2016.

During the six months ended December 31, 2016, the Company recognized the value of exercisable detachable warrants issued with debt in the amount of $3,600.

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 December 31, 2016 and June 30, 2016, no Preferred Stock of any series was issued or outstanding.