XML 52 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity Instruments (Tables)
12 Months Ended
Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of restricted stock activity
   Number of
Shares
   Weighted
Average Grant
Date Fair Value
   Weighted Average
Remaining
Contractual Life in
Years
 
             
Unvested at June 30, 2017   -   $-    - 
Granted   39,150   $39.80      
Vested   (1,150)  $40.40      
Cancelled   (800)  $40.40      
Unvested at June 30, 2018   37,200   $39.80    9.4 
Schedule of options outstanding
Range of Exercise Prices   Number of
Options
Outstanding
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Life of
Options
Outstanding
   Number of
Options
Exercisable
   Weighted
Average
Exercise
Price
 
$280.00    76   $280.00    8.85    76   $280.00 
$328.00    1,722   $328.00    6.86    1,299   $328.00 
      1,798   $325.97    6.95    1,375   $325.35 
Schedule of stock-based compensation expense
  2018   2017 
Sales, general and administrative:          
Stock options  $349,000   $2,502,000 
Restricted stock   248,000    725,000 
Total share-based compensation expense  $597,000   $3,227,000 
Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock option activity
   Number of
Options
   Weighted
Average
Exercise Price
  

Weighted

Average
Remaining Contractual
Life in Years

 
Outstanding June 30, 2016   829   $7,204.00    9.33 
Granted   1,197   $364.00      
Exercised   -   $-      
Forfeited   (75)  $1,664.00      
Cancelled   (4)  $1,292.00      
Outstanding June 30, 2017   1,947   $326.20    8.40 
Granted   -   $-      
Exercised   -   $-      
Forfeited   (129)  $328.00      
Cancelled   (20)  $328.00      
Outstanding June 30, 2018   1,798   $325.97    6.95 
Exercisable at June 30, 2018   1,375   $325.24    6.69 
Available for grant at June 30, 2018   2,961,002           
Schedule of significant assumptions used in valuing options/warrants issued
   Year Ended  June 30,
   2017
    
Expected volatility  178% - 185%
Risk free interest rate  0.97% - 1.88%
Expected term (years)  5.0 - 6.5
Dividend yield  0%
Warrants [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of all warrants
   Number of
Warrants
   Weighted Average Exercise Price   Weighted Average Remaining Contractual Life in Years 
Outstanding June 30, 2016   5,538   $2,480.40    4.71 
                
Issuance of settlement warrants to initial investors   221   $1,600.00      
Warrants issued to investors in connection with the registered offering   15,051   $744.00      
Warrants issued to placement agents for the registered offering   1,009   $300.00      
Warrants exercised   (7,477)  $300.00      
                
Outstanding June 30, 2017   14,342   $1,005.80    4.23 
                
Warrants issued in connection with the August 2017 private offering   296,006   $72.00      
Warrants issued to underwriters in connection with the August 2017 private offering   19,749   $72.00      
Warrants issued in connection with the March 2018 public offering   1,533,356   $10.80      
Warrants issued to investor   100,000   $10.80      
Warrants expired   (42)  $21,744.00      
Warrants exercised   (80,750)  $8.20      
                
Outstanding June 30, 2018   1,882,661   $25.94    4.61 
Schedule of significant assumptions used in valuing options/warrants issued
  Year Ended June 30,
   2018  2017
Expected volatility  173.40% - 188.00%  156.64% - 169.22%
Risk free interest rate  1.83% - 2.69%  1.63% - 1.87%
Contractual term (years)  4.13 - 5  3.46 - 4.67
Dividend yield  0%  0%