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Subsequent Events | 12 Months Ended
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Jun. 30, 2018
Subsequent Events [Abstract] |
Subsequent Events |
| Note 11. | Subsequent Events
Stock Options On July 3, 2018, the Company granted 295,000 options to employees with a fair value of $324,500. The options vest over a three-year period, and have a term of ten years. Warrants On August 13, 2018, the Company granted 39,000 shares of common stock upon the exercise of 100,000 warrants on a cashless basis. Restricted Common Stock On August 9, 2018, the Company issued 130,127 shares of restricted stock to employees. These shares vest over a three year period, with a one year cliff vesting period, and remain subject to forfeiture if vesting conditions are not met. The aggregate value of the stock award was $258,953 based on the market price of our common stock of $1.99 per share on the date of grant, which will be amortized over the three-year vesting period.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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