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4. STOCK-BASED COMPENSATION (Sept. 2017 Note) | 3 Months Ended
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Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
STOCK-BASED COMPENSATION | Stock-based compensation costs recognized during the three months ended September 30, 2017 and 2016 amounted to $26,057 and $60,901 respectively, and the costs were included in the accompanying consolidated statements of operations in: selling, general and administrative expenses (2017 - $10,696; 2016 - $42,915), research and development expenses (2017 - $6,692, 2016 - $9,317) and cost of goods sold (2017 - $8,669; 2016 - $8,669). No compensation has been capitalized because such amounts would have been immaterial. The following tables summarize stock option activity for the three months ended September 30, 2017:
|  |  | 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 |
Information related to the stock options outstanding as of September 30, 2017 is as follows:
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 |
The aggregate intrinsic value of the Company’s “in-the-money” outstanding and exercisable options as of September 30, 2017 was $7,950 and $7,450, respectively.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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