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Stock Options (Tables)
 6 Months Ended 12 Months Ended
Dec. 31, 2016
Jun. 30, 2016
Stock Options 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
Stock Price  $0.25   $0.21 
Exercise Price  $0.25   $0.21 
Term (expected term for options)   2.00    2.00 
Volatility   43.12%   43.12%
Annual Rate of Quarterly Dividends   0.00%   0.00%
Discount Rate - Bond Equivalent Yield   1.02%   1.15%
Call Option Value ($Millions)  $0.06   $0.05 
Fair Value  $30,919   $15,646 

 

Stock option transactions under the Company’s plans for the years ended December 31, 2016 is summarized below:

 

         Weighted   
      Weighed-  Average  Aggregate
      Average  Remaining  Intrinsic
   Shares  Exercise  Contractual  Value
Options  (Thousands)  Price  Term  (Thousands)
Outstanding at June 30, 2016   3,000    0.06    2    —   
Granted   —      —      —      —   
Exercised   —      —      —      —   
Forfeited   —      —      —      —   
Outstanding at September 30, 2016   3,000    0.06    2    —   
Granted   800    0.24    2    —   
Exercised   —      —      —      —   
Forfeited   —      —      —      —   
Outstanding at December 31, 2016   3,800    0.10    2    —   

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  

 

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

 

            Weighted    
        Weighted-   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       —