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Derivative Financial Instruments (Warrant Liability) (Tables)

12 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value inputs of derivative financial instruments

	Year Ended
	June 30, 2018
Inputs into Lattice model for warrants:
Equivalent volatility	21.06%  - 162.92%
Equivalent interest rate	0.95% - 1.14%
Floor	$1.15
Stock price	$2.56 - $2.60
Probability price < strike price	0.00%
Fair value of call	$1.13 - $2.79
Probability of fundamental transaction occurring	0%

Schedule of Level 3 inputs measured on a recurring basis

		Warrant Liability
Fair value, June 30, 2017			490,500
Reclassification of warrant liability upon exercise			(685,132	)
Change in fair value of warrant liability			194,632
Fair value, June 30, 2018		$	-

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
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Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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