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3. STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2017 | Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |  |
Assumptions for fair value of options granted |  |
|  | Year Ended |
|  | June 30, 2017 |
Assumptions: |  |  |  |
Option life |  |  | 5.3 years |
Risk-free interest rate |  |  | 1.01% |
Stock volatility |  |  | 175% |
Dividend yield |  |  | 0 |
Weighted average fair value of grants |  | $ | 0.38 |
Stock option activity |
|  |  | Options Outstanding |
|  |  | Number of Shares |  |  |  | Weighted Average Exercise Price |  |  |  | Weighted Average Contractual Life |
Outstanding at June 30, 2017 |  |  | 1,078,400 |  |  | $ | 0.78 |  |  |  | 7.01 years |
Granted |  |  | – |  |  |  |  |  |  |  |  |
Expired or Cancelled |  |  | – |  |  |  |  |  |  |  |  |
Outstanding at September 30, 2017 |  |  | 1,078,400 |  |  | $ | 0.78 |  |  |  | 6.76 years |
|  | Options Outstanding
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Contractual Life
Outstanding at July 1, 2015 |  |  | 1,079,079 |  |  | $ | 1.43 |  |  | 8.46 years
Grants |  |  | 160,000 |  |  | $ | 0.49 |  |  |
Cancellations |  |  | (103,079 | ) |  | $ | 7.03 |  |  |
Outstanding at June 30, 2016 |  |  | 1,136,000 |  |  | $ | 0.79 |  |  | 8.00 years
Grants |  |  | 15,000 |  |  | $ | 0.40 |  |  |
Cancellations |  |  | (72,600 | ) |  | $ | 0.85 |  |  |
Outstanding at June 30, 2017 |  |  | 1,078,400 |  |  | $ | 0.78 |  |  | 7.01 years
Stock options outstanding by exercise price ranges |
Range of Exercise Prices |  |  | Number of Shares |  |  | Weighted- Average Remaining Contractual Life (years) |  |  | Weighted- Average Exercise Price |  |  | Exercisable Number of Shares |  |  | Exercisable Weighted- Average Exercise Price |
$ | 0.27 |  |  |  | 40,000 |  |  |  | 3.79 |  |  | $ | 0.27 |  |  |  | 40,000 |  |  | $ | 0.27 |
$ | 0.40 |  |  |  | 15,000 |  |  |  | 9.58 |  |  | $ | 0.40 |  |  |  | 5,000 |  |  | $ | 0.40 |
$ | 0.48 |  |  |  | 60,000 |  |  |  | 8.50 |  |  | $ | 0.48 |  |  |  | 40,000 |  |  | $ | 0.48 |
$ | 0.50 |  |  |  | 80,000 |  |  |  | 8.73 |  |  | $ | 0.50 |  |  |  | 45,000 |  |  | $ | 0.50 |
$ | 0.50 |  |  |  | 20,000 |  |  |  | 3.72 |  |  | $ | 0.50 |  |  |  | 20,000 |  |  | $ | 0.50 |
$ | 0.55 |  |  |  | 29,500 |  |  |  | 4.36 |  |  | $ | 0.55 |  |  |  | 29,500 |  |  | $ | 0.55 |
$ | 0.73 |  |  |  | 539,500 |  |  |  | 7.63 |  |  | $ | 0.73 |  |  |  | 479,500 |  |  | $ | 0.73 |
$ | 0.85 |  |  |  | 9,000 |  |  |  | 5.26 |  |  | $ | 0.85 |  |  |  | 9,000 |  |  | $ | 0.85 |
$ | 0.90 |  |  |  | 9,000 |  |  |  | 6.26 |  |  | $ | 0.90 |  |  |  | 9,000 |  |  | $ | 0.90 |
$ | 0.95 |  |  |  | 65,000 |  |  |  | 6.78 |  |  | $ | 0.95 |  |  |  | 65,000 |  |  | $ | 0.95 |
$ | 1.20 |  |  |  | 207,800 |  |  |  | 4.42 |  |  | $ | 1.20 |  |  |  | 207,800 |  |  | $ | 1.20 |
$ | 1.25 |  |  |  | 1,200 |  |  |  | 1.15 |  |  | $ | 1.25 |  |  |  | 1,200 |  |  | $ | 1.25 |
$ | 1.35 |  |  |  | 1,200 |  |  |  | 2.15 |  |  | $ | 1.35 |  |  |  | 1,200 |  |  | $ | 1.35 |
$ | 7.75 |  |  |  | 1,200 |  |  |  | 0.16 |  |  | $ | 7.75 |  |  |  | 1,200 |  |  | $ | 7.75 |
$ | 0.27–$7.75 |  |  |  | 1,078,400 |  |  |  | 6.76 |  |  | $ | 0.78 |  |  |  | 953,400 |  |  | $ | 0.81 |
Range of Exercise Prices |  |  | Number of Shares |  |  | Weighted- Average Remaining Contractual Life (years) |  |  | Weighted- Average Exercise Price |  |  | Exercisable Number of Shares |  |  | Exercisable Weighted- Average Exercise Price |
$ | 0.27 |  |  |  | 40,000 |  |  |  | 4.04 |  |  | $ | 0.27 |  |  |  | 40,000 |  |  | $ | 0.27 |
$ | 0.40 |  |  |  | 15,000 |  |  |  | 9.83 |  |  | $ | 0.40 |  |  |  | 5,000 |  |  | $ | 0.40 |
$ | 0.48 |  |  |  | 60,000 |  |  |  | 8.75 |  |  | $ | 0.48 |  |  |  | 40,000 |  |  | $ | 0.48 |
$ | 0.50 |  |  |  | 100,000 |  |  |  | 8.98 |  |  | $ | 0.50 |  |  |  | 65,000 |  |  | $ | 0.50 |
$ | 0.55 |  |  |  | 29,500 |  |  |  | 4.62 |  |  | $ | 0.55 |  |  |  | 29,500 |  |  | $ | 0.55 |
$ | 0.73 |  |  |  | 539,500 |  |  |  | 7.88 |  |  | $ | 0.73 |  |  |  | 479,500 |  |  | $ | 0.73 |
$ | 0.85 |  |  |  | 9,000 |  |  |  | 5.51 |  |  | $ | 0.85 |  |  |  | 9,000 |  |  | $ | 0.85 |
$ | 0.90 |  |  |  | 9,000 |  |  |  | 6.51 |  |  | $ | 0.90 |  |  |  | 9,000 |  |  | $ | 0.90 |
$ | 0.95 |  |  |  | 65,000 |  |  |  | 7.03 |  |  | $ | 0.95 |  |  |  | 65,000 |  |  | $ | 0.95 |
$ | 1.20 |  |  |  | 207,800 |  |  |  | 4.67 |  |  | $ | 1.20 |  |  |  | 207,800 |  |  | $ | 1.20 |
$ | 1.25 |  |  |  | 1,200 |  |  |  | 1.41 |  |  | $ | 1.25 |  |  |  | 1,200 |  |  | $ | 1.25 |
$ | 1.35 |  |  |  | 1,200 |  |  |  | 2.40 |  |  | $ | 1.35 |  |  |  | 1,200 |  |  | $ | 1.35 |
$ | 7.75 |  |  |  | 1,200 |  |  |  | 0.41 |  |  | $ | 7.75 |  |  |  | 1,200 |  |  | $ | 7.75 |
$ | 0.27–7.75 |  |  |  | 1,078,400 |  |  |  | 7.01 |  |  | $ | 0.78 |  |  |  | 953,400 |  |  | $ | 0.81 |

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