Fair Value Measurement (Tables)

3 Months Ended

Sep. 30, 2017

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

At September 30, 2017 and June 30, 2017 the estimated fair values of the liabilities measured on a recurring basis are as follows:

	Fair Value Measurements at
	September 30, 2017:
	(Level 1)		(Level 2)		(Level 3)

Derivative liability – Series C debentures	$	-		-	$	20,094
Derivative liability – warrants		-		-		1,462,625
Total derivatives	$	-	$	-	$	1,482,719

	Fair Value Measurements at
	June 30, 2017:
	(Level 1)		(Level 2)		(Level 3)

Derivative liability – Series C debentures	$	-		-	$	32,213
Derivative liability – warrants		-		-		2,015,354
Total derivatives	$	-	$	-	$	2,047,567

Schedule Of Projected Annual Volatility [Table Text Block]

The projected annual volatility for the valuation dates are:

1 Year
9/30/17	53	%
6/30/17	60	%

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following tables present the activity for liabilities measured at estimated fair value using unobservable inputs for the three months ended September 30, 2017:

	Fair Value Measurement
	Using Significant
	Unobservable Inputs
	Derivative		Derivative
	liability –		liability –
	Series C		warrant

Beginning balance at July 1, 2017	$	32,213	$	2,015,354
Additions during the year		-		-
Change in fair value		(12,119)		(552,729)
Transfer in and/or out of Level 3		-		-
Balance at September 30, 2017	$	20,094	$	1,462,625