Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.7.0.1
Equity (Tables)
9 Months Ended
Mar. 31, 2017
Warrants [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of equity activity
    Warrants     Weighted-
Average 
Exercise Price
    Aggregate
Intrinsic Value
 
Outstanding and exercisable at June 30, 2016     26,396,958     $ 0.14     $ 3,695,574  
Granted     3,041,667       0.04          
Exercised  (1)     (375,000 )     0.07          
Expired     (1,050,000 )     0.05          
Outstanding and exercisable at March 31, 2017     28,013,625     $ 0.14     $ 3,883,963  

 

(1) Consists of cashless exercise of 375,000 warrants in exchange for 158,612 shares of Common Stock.
Stock Option Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of equity activity
    Stock Options     Weighted-
Average 
Exercise Price
    Aggregate
Intrinsic
Value
 
Outstanding at June 30, 2016     -     $ -     $ -  
Granted     50,000       0.23       11,500  
Exercised                        
Expired                        
Outstanding March 31, 2017     50,000     $ 0.23     $ 11,500  
Exercisable at March 31, 2017     34,000     $ 0.23     $ 5,060  
 Un-exercisable at March 31, 2017     16,000     $ 0.23     $ 6,440