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B. Stock-Based Compensation and Warrants (Tables)

6 Months Ended

Dec. 31, 2016

Equity [Abstract]

Stock option activity

							Weighted
					Weighted		Average
					Average		Remaining		Aggregate		Aggregate
					Exercise Price		Contractual		Fair		Instrinsic
			Shares		Per Share		Term (1)		Value (3)		Value (2)

Outstanding July 1, 2016			1,200,000		$0.58		2.03	$	273,500	$	-
	Granted		-		-		-		-		-
	Exercised		-		-		-		-		-
	Forfeited or expired		-		-		-		-		-
Outstanding December 31, 2016			1,200,000		$0.58		1.53	$	273,500	$	-
Exercisable December 31, 2016			1,200,000		$0.58		1.53	$	273,500	$	-

(1)	Remaining contractual term presented in years.
(2)	The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying
	awards and the closing price of the Company's common stock as of December 31, 2016, for those awards that
	have an exercise price currently below the closing price as of December 31, 2016 of $0.07.
(3)	Aggregate Fair Value is calculated using the Black Scholes option pricing model to estimate fair value of stock-based
	compensation.

Warrant activity

			Warrants Outstanding				Warrants Exercisable
					Weighted				Weighted
			Number of		Average		Number of		Average
			Shares		Exercise Price		Shares		Exercise Price
Warrants Outstanding, July 1, 2016			140,000	$	0.75		20,000	$	0.75
	Granted		-		-		-		-
	Previously Granted, Vested		-		-		60,000		0.75
	Exercised		-		-		-		-
	Canceled/Expired		-		-		-		-
Warrants Outstanding, December 31, 2016			140,000	$	0.75		80,000	$	0.75

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.

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