XML 31 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1

Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2017

Stockholders Equity Tables

Schedule of Stock option grants for each respective period

The following key assumptions were used in the valuation model to value stock option grants for each respective period:

Valuation Date		4/11/2016				4/11/2016				4/11/2016
Stock Price		$	0.06			$	0.06			$	0.06
Exercise Price		$	0.06			$	0.06			$	0.06
Term (expected term for options)			1.00				2.00				3.00
Volatility			56.49	%			58.45	%			97.82	%
Annual Rate of Quarterly Dividends			0.00	%			0.00	%			0.00	%
Discount Rate - Bond Equivalent Yield			0.53	%			0.70	%			0.85	%
Call Option Value ($Millions)		$	0.01			$	0.02			$	0.04
Fair Value		$	13,467			$	19,523			$	36,489

The Company issued stock options to consultants and board of directors for services provided to the company. The following key assumptions were used in the valuation model to value stock option grants for each respective period: 

Valuation Date		11/16/2016				12/18/2016				03/14/2017				05/02/2017
Stock Price		$	0.25			$	0.21			$	0.22			$	0.23
Exercise Price		$	0.25			$	0.21			$	0.22			$	0.23
Term (expected term for options)			2.000				2.000				2.000				2.000
Volatility			43.12	%			43.12	%			40.02	%			36.76	%
Annual Rate of Quarterly Dividends			0.00	%			0.00	%			0.00	%			0.00	%
Discount Rate - Bond Equivalent Yield			1.02	%			1.15	%			1.40	%			1.27	%
Call Option Value ($Millions)		$	0.06			$	0.05			$	0.05			$	0.05
Fair Value		$	30,919			$	15,646			$	5,143			$	4,951

Stock option transactions under the Company’s plans for the years ended June 30, 2017 and 2016 are summarized below:

												Weighted
								Weighed-				Average				Aggregate
								Average				Remaining				Intrinsic
				Shares				Exercise				Contractual				Value
Options				(Thousands)				Price				Term				(Thousands)
	Outstanding at July 1, 2015				—				—				—				—
	Granted				3,000				0.06				2				—
	Exercised				—				—				—				—
	Forfeited				—				—				—				—
	Outstanding at June 30, 2016				3,000				0.06				2				—
	Granted				1,000				0.24				2				—
	Exercised				—				—				—				—
	Forfeited				—				—				—				—
	Outstanding at June 30, 2017				4,000				0.10				2				—

The following table summarizes the warrants that have been issued:

Aggregate Number of Warrants Issued				Exercise Price				Issue Date		Expiration Date
	5,000,000			$	0.50			April 2013		April 2018
	112,500			$	0.50			October 2016		October 2021
	125,000			$	0.50			November 2016		November 2021
	50,000			$	0.50			December 2016		December 2021
	500,000			$	0.50			January 2017		January 2022
	250,000			$	0.50			March 2017		March 2022
	120,000			$	0.75			May 2017		May 2022

X

- References

No definition available.

+ Details

Name:	bivi_DisclosureStockOptionsTablesAbstract
Namespace Prefix:	bivi_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

+ Details

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