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Derivative Financial Instruments and Fair Value Measurements (Tables) | 3 Months Ended
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Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques | Convertible Debt
|  | Initial Valuations (on new derivative instruments entered into during the three months ended September 30, 2018) |  |  | September 30, 2018 |
Volatility |  |  | 294.92 | % |  |  | 376.75% – 351.70 | %
Expected Remaining Term (in years) |  |  | 1 |  |  |  | .62 - .91 |
Risk Free Interest Rate |  |  | 2.47 | % |  |  | 2.36% - 2.59 | %
Expected dividend yield |  |  | None |  |  |  | None |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2018:
|  | Balance at September 30, 2018 |  |  | Quoted Prices in Active Markets for Identical Assets |  |  | Significant Other Observable Inputs |  |  | Significant Unobservable Inputs |
|  |  |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Embedded conversion option liabilities |  | $ | 157,377 |  |  | $ | — |  |  | $ | — |  |  | $ | 157,377 |
Total |  | $ | 157,377 |  |  | $ | — |  |  | $ | — |  |  | $ | 157,377 |
Schedule of Derivative Liabilities at Fair Value | The following is a roll forward for the three months ended September 30, 2018 of the fair value liability of price adjustable derivative instruments:
|  | Fair Value of |
|  | Liability for |
|  | Derivative |
|  | Instruments |
Balance at June 30, 2018 |  | $ | 371,532 |
Reductions due to conversions |  |  | (1,388,764 | )
Reductions due to repayment of debt |  |  | (846,507 | )
Initial fair value of embedded conversion option derivative liability recorded as debt discount |  |  | 50,000 |
Initial fair value of embedded conversion option derivative liability recorded as change in fair value of embedded conversion option |  |  | 346,380 |
Change in fair value included in statements of operations |  |  | 1,624,736 |
Balance at September 30, 2018 |  | $ | 157,377 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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