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Stockholders' Equity (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2019

Jun. 30, 2018

Schedule of stock options activity

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	%

The following is a summary of stock option activity for the years ended June 30, 2017 and 2018.

		Shares (Thousands)				Weighted-Average Exercise Price				Weighted Remaining Average Contractual Term
Options
Outstanding at July 1, 2016			3,000			$	0.06				6.5
Granted			1,000			$	0.24				4.0
Outstanding at June 30, 2017			4,000			$	0.10				5.9
Granted			1,250			$	0.15				5.0
Options Exercised			(100)			$	0.02				—
Outstanding at June 30, 2018			5,150			$	0.12				5.8
Exercisable at June 30, 2018			4,150			$	0.13				4.8

Schedule of stock option plans by exercise price range

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

								Weighted Average
Exercise Price				Outstanding				Contract Life				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

The following is a summary of stock options outstanding and exercisable by exercise price as of June 30, 2018.

Exercise Price				Outstanding				Weighted Average Contract Life				Exercisable
$	0.06				31,00,000				6.5				21,00,000
$	0.10				5,00,000				4.8				5,00,000
$	0.20				2,00,000				4.5				2,00,000
$	0.21				5,50,000				4.1				5,50,000
$	0.22				1,00,000				4.0				1,00,000
$	0.23				2,00,000				4.4				2,00,000
$	0.25				5,00,000				3.6				5,00,000
	Total				51,50,000								41,50,000

Warrant [Member]

Schedule of stock options activity

The following table summarizes the warrants that have been issued:

						Weighted				Weighted Average				Aggregate
		Number of Shares				Average 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

The following table summarizes the warrants that have been issued:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Life (Years)
Outstanding at June 30, 2016			50,00,000			$	0.50				—
Granted			11,73,864			$	0.51				3.5
Outstanding at June 30, 2017			61,73,864			$	0.50				0.7
Granted			36,00,151			$	0.22				6.1
Expired			(50,00,000)			$	0.50				—
Outstanding at June 30, 2018			47,74,015			$	0.29				5.5

Schedule of stock option plans by exercise price range

The following table summarizes the warrants by price:

Weighted Average Exercise Price				Number of Shares				Weighted Average Remaining Life (Years)
$	0.15				30,43,333				6.4
$	0.50				10,37,501				3.5
$	0.60				6,93,181				4.1
					47,74,015				5.5

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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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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