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Equity Transactions (Tables)
 9 Months Ended
Mar. 31, 2019
Disclosure Stock Options Tables Abstract  
Schedule of Stock Option Issued

The following table summarizes the activity relating to the Company’s stock options for the nine months ended March 31, 2019:

  Options   Weighted-Average Exercise Price   Weighted Remaining Average Contractual Term   Aggregate Intrinsic Value
       
       
       
       
Outstanding at June 30, 2018 5,150,000    $                 0.12   5.8    $                     -   
Granted 2,100,000    $                 0.04   4.6    $             88,370
Options Exercised or Forfeited                         -       $                     -      -    $                     -   
Outstanding at March 31, 2019 7,250,000    $                 0.10   5.3    $           166,175
Exercisable at March 31, 2019 6,250,000    $                 0.10   5.3    $                     -   

 

The fair value of each option grant on the date of grant is estimated using the Black-Scholes Option – Pricing model reflecting the following weighted-average assumptions:

  March 31,
  2019   2018
Expected life of options (In years) 5   5
Expected volatility 69.77%   69.66%
Risk free interest rate 2.60%   1.59%
Dividend Yield 0%   0%
Schedule of option outstanding and exercisable by exercise price

The following is a summary of stock options outstanding and exercisable by exercise price as of March 31, 2019:

    Weighted Average Contract Life  
     
     
Exercise Price Outstanding Exercisable
 $                       0.03 700,000 4.8 700,000
 $                       0.05 1,300,000 4.6 1,300,000
 $                       0.06 3,100,000 6.9 2,100,000
 $                       0.07 100,000 4.5 100,000
 $                       0.10 500,000 3.8 500,000
 $                       0.20 200,000 3.5 200,000
 $                       0.21 550,000 3.1 550,000
 $                       0.22 100,000 3.0 100,000
 $                       0.23 200,000 3.4 200,000
 $                       0.25 500,000 2.6 500,000
Total 7,250,000   6,250,000
Schedule of Warrants Issued

The following table summarizes the warrants that have been issued:

      Weighted Average   Weighted Average   Agggregate
  Number of Shares   Exercise Price   Remaining Life (Years)   Intrinsic Value
Outstanding at June 30, 2018 4,774,015    $                                            0.29                                                    5.5    $                           -   
Granted 214,166,533    $                                            0.02                                                    5.3    $            14,284,908
Expired -    $                                               -                                                        -       $                           -   
Exercised (2,500,000)    $                                            0.02                                                     -       $                           -   
Outstanding and exercisable at March 31, 2019 216,440,548    $                                            0.03                                                    5.3    $            14,284,908