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Equity Instruments (Tables)

9 Months Ended

Mar. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of stock option activity

		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life in Years
Outstanding June 30, 2018			1,798			$	325.97				6.95
Granted			-			$	-
Exercised			-			$	-
Forfeited/Cancelled			(132	)		$	328.00
Outstanding March 31, 2019			1,666			$	325.81				6.49
Exercisable at March 31, 2019			1,514			$	325.59				6.43

Schedule of significant assumptions used in valuing options/warrants issued

Expected volatility	164%
Risk free interest rate	2.99%
Expected term (years)	5.0
Dividend yield	0%

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, 2018			37,200			$	39.80				9.4
Vested			(850	)		$	40.40
Granted			2,772,022			$	1.30
Forfeited			(90,600	)		$	-
Unvested at March 31, 2019			2,717,772			$	1.81				9.3

Schedule of stock-based compensation expense

		Three Months Ended March 31,								Nine Months Ended March 31,
		2019				2018				2019				2018
Selling, general and administrative:
Stock options		$	15,000			$	12,000			$	122,000			$	288,000
Restricted stock			362,000				55,000				601,000				159,000
Total share-based compensation expense		$	377,000			$	67,000			$	723,000			$	447,000

Schedule of all warrants

		Number of Warrants				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life in Years
Outstanding June 30, 2018			1,882,661			$	25.94				4.61
Warrants issued in connection with the October 2018 offering			10,120,000			$	1.50
Warrants issued to underwriters in connection with the October 2018 offering			303,600			$	1.50
Warrants exercised			(172,331	)		$	1.50
Outstanding March 31, 2019			12,133,930			$	5.29				4.42

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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