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Subsequent Events
12 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events
10.Subsequent Events

 

In August 2017, the Company sold and issued an aggregate of 2,318,182 shares of common stock including 1,500,000 of common stock for services, and including 818,182 shares of common stock and warrants to purchase 409,091 shares of common stock (subject to adjustment) in private placement transactions to various purchasers including existing shareholders and directors for aggregate gross proceeds of approximately $180,000. The purchase price for the common stock and warrants in such private placement transactions was $0.44 per Unit, each Unit consisting of 2 common shares priced at $0.22 per share and one warrant. The warrants in such private placement transactions are exercisable at an exercise price of $0.60 at any time from the date of issuance until 5 years from the date of issuance.