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Equity Transactions (Tables)
 6 Months Ended 12 Months Ended
Dec. 31, 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 six months ended December 31, 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     2,400       7.42       4.1       —    
Options Exercised or Forfeited     —         —         —         —    
Outstanding at December 31, 2019     60,400     $ 12.29       4.5     $ 2,100  
Exercisable at December 31, 2019     60,400     $ 12.29       4.5     $ 2,100  

 

The pricing model reflected the following weighted-average assumptions for the six months ended December 31, 2019:

 

    December 31 2019   December 31 2018
Expected life of options (In years)     5       5  
Expected volatility     71.55 %     67.91 %
Risk free interest rate     1.61 %     2.98 %
Dividend Yield     0 %     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 December 31, 2019:

 

Exercise Price   Outstanding   Weighted Average Contract Life   Exercisable
$ 3.75       5,600       4.1       5,600  
$ 6.25       11,200       4.2       11,200  
$ 7.50       25,600       6.2       25,600  
$ 8.75       1,600       4.3       1,600  
$ 12.50       4,000       3.1       4,000  
$ 25.00       1,600       2.8       1,600  
$ 26.25       4,400       2.3       4,400  
$ 27.50       800       2.2       800  
$ 28.75       1,600       2.6       1,600  
$ 31.25       4,000       1.9       4,000  

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

Stock Warrants

 

The following table summarizes the warrants activity during the six months ended December 31, 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     $ 4.00       4.7     $ —    
Expired     —       $ —         —       $ —    
Outstanding and exercisable at December 31, 2019     1,374,667     $ 7.72       4.7     $ 139,498  

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