XML 41 R30.htm IDEA: XBRL DOCUMENT v3.19.2

Fair Value Measurement (Tables)

12 Months Ended

Jun. 30, 2019

Fair Value Measurement

Schedule of estimated fair values of the liabilities measured on a recurring basis

At June 30, 2019 and 2018, the estimated fair values of the liabilities measured on a recurring basis are as follows:

		Fair Value Measurements at
		June 30, 2019:
		(Level 1)			(Level 2)			(Level 3)
Derivative liability – Warrants		$	—			—		$	1,645,606
Total derivatives		$	—		$	—		$	1,645,606

		Fair Value Measurements at
		June 30, 2018:
		(Level 1)			(Level 2)			(Level 3)
Derivative liability – Warrants		$	—			—		$	298,092
Total derivatives		$	—		$	—		$	298,092

Schedule of assumptions

The multi-nomial lattice methodology was used to value the Warrants (issued February 27, 2019) as of June 30, 2019, with the following assumptions:

Assumptions		June 30, 2019
Dividend yield			0.00	%
Risk-free rate for term			1.95	%
Volatility			76.1	%
Maturity dates (term remaining)			5.16	years
Stock Price		$	0.24

Schedule of projected annual volatility

- The projected annual volatility for the valuation dates are:

1 Year
6/30/18		56	%

Schedule of activity for liabilities measured at estimated fair value using unobservable inputs

The following table presents the activity for liabilities measured at estimated fair value using unobservable inputs for the years ended June 30, 2017, 2018 and 2019:

					Fair Value Measurement
					Using Significant
					Unobservable Inputs
		Obligation			Derivative			Derivative			Derivative
		to issue			liability –			liability –			liability -
		shares			Series B			Series C			warrant
Balance at July 1, 2016		$	—		$	203,030		$	343,673		$	3,197,182
Additions during the year						—			—			—
Change in fair value			—			(203,030)			(311,460)			(1,181,828)
Transfer in and/or out of Level 3						—			—			—
Balance at July 1, 2017		$	—		$	—		$	32,213		$	2,015,354
Additions during the year			5,864,337			—			—			—
Change in fair value			(819,994)			—			(16,764)			(1,717,262)
Transfer in and/or out of Level 3			(5,044,343)			—			(15,449)			—
Balance at July 1, 2018		$	—		$	—		$	—		$	298,092
Additions during the year			—			—			—			1,527,259
Change in fair value			—			—			—			(179,745)
Transfer in and/or out of Level 3			—			—			—			—
Balance at June 30, 2019		$	—		$	—		$	—		$	1,645,606

X

- Definition

Tabular disclosure of the projected annual volatility for the valuation dates.

+ References

No definition available.

+ Details

Name:	nnvc_ScheduleOfProjectedAnnualVolatilityTableTextBlock
Namespace Prefix:	nnvc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ 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 (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 3: 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

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ 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 (c)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration