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Equity Transactions (Tables)
 3 Months Ended 12 Months Ended
Sep. 30, 2019
Jun. 30, 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 three months ended September 30, 2019:

 

    Options   Weighted-Average Exercise Price   Weighted Remaining Average Contractual Term   Aggregate Intrinsic Value
Outstanding at June 30, 2019     58,000     $ 12.50       5.2     $ 87,480  
Granted     —         —         —         —    
Options Exercised or Forfeited     —         —         —         —    
Outstanding at September 30, 2019     58,000     $ 12.50       4.8     $ 87,480  
Exercisable at September 30, 2019     58,000     $ 12.50       4.8     $ 87,480  

 

The fair value of each option grant on the date of grant is estimated using the Black-Scholes option. There were no options granted during the three months ended September 30, 2019. The pricing model reflected the following weighted-average assumptions for the three months ended September 30, 2018:

 

    September 30 2019   September 30 2018
Expected life of options (In years)     —         9.5  
Expected volatility     —         63.09 %
Risk free interest rate     —         0.00 %
Dividend Yield     —         0 %

The following table summarizes the activity relating to the Company’s stock options for the years ended June 30, 2018 and 2019:

 

    Options   Weighted-Average Exercise Price   Weighted Remaining Average Contractual Term   Aggregate Intrinsic Value
Outstanding at June 30, 2017     32,000     $ 12.50       5.9     $ 142,000  
Granted     10,000     $ 18.75       5.0     $ —    
Options Exercised     (800 )   $ 2.50       —       $ —    
Outstanding at June 30, 2018     41,200     $ 15.00       5.8     $ 142,000  
Granted     16,800     $ 5.00       4.5     $ 131,000  
Options Exercised or Forfeited     —       $ —         —       $ —    
Outstanding at June 30, 2019     58,000     $ 12.50       5.2     $ 273,000  
Exercisable at June 30, 2019     58,000     $ 12.50       5.2     $ —    

 

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:

 

   June 30,
   2019  2018
Expected life of options (In years)   5    5 
Expected volatility   69.77%   103.13%
Risk free interest rate   2.60%   2.28%
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 September 30, 2019:

 

Exercise Price   Outstanding   Weighted Average Contract Life   Exercisable
$ 3.75       5,600       4.3       5,600  
$ 6.25       10,400       4.4       10,400  
$ 7.50       24,800       6.4       24,800  
$ 8.75       800       4.0       800  
$ 12.50       4,000       3.3       4,000  
$ 25.00       1,600       3.0       1,600  
$ 26.25       4,400       2.6       4,400  
$ 27.50       800       2.5       800  
$ 28.75       1,600       2.9       1,600  
$ 31.25       4,000       2.1       4,000  
  Total       58,000               58,000  

The following is a summary of stock options outstanding and exercisable by exercise price as of June 30, 2019:

 

      Weighted Average   
Exercise Price  Outstanding  Contract Life  Exercisable
$3.75    5,600    4.6    5,600 
$6.25    10,400    4.3    10,400 
$7.50    24,800    6.7    24,800 
$8.75    800    4.3    800 
$12.50    4,000    3.6    4,000 
$25.00    1,600    3.3    1,600 
$26.25    4,400    2.8    4,400 
$27.50    800    2.7    800 
$28.75    1,600    3.1    1,600 
$31.25    4,000    2.4    4,000 
 Total    58,000         58,000 
Schedule of Warrants Issued

The following table summarizes the warrants activity during the three months ended September 30, 2019:

 

    Number of Shares   Weighted Average Exercise Price   Weighted Average Remaining Life (Years)   Aggregate Intrinsic Value
Outstanding and exercisable at June 30, 2019     124,667     $ 45.00       5.6     $ 716,653  
Granted     1,250,000     $ 3.75       5.0     $ 5,906,250  
Expired     —       $ —         —       $ —    
Outstanding and exercisable at September 30, 2019     1,374,667     $ 5.00       4.9     $ 6,622,903  

The following table summarizes the warrants that have been issued:

 

         Weighted   
      Weighted  Average  Aggregate
   Number of  Average  Remaining  Intrinsic
   Shares  Exercise Price  Life (Years)  Value
Outstanding at June 30, 2017   49,391   $62.50    0.5      
Granted   28,802   $27.50    5.3      
Expired   (40,000)  $62.50    —        
Outstanding at June 30, 2018   38,193   $36.25    5.5   $—   
Granted   1,713,333   $45.00    5.6   $1,159,988 
Expired       $—      —     $—   
Exercised   (1,626,859)  $45.00    —     $—   
Outstanding and exercisable at June 30, 2019   124,667   $45.00    5.6   $1,202,678