v3.2.0.727
NOTE 5 - STOCK OPTIONS AND WARRANTS (Tables)
 12 Months Ended
Jun. 30, 2015
Disclosure Text Block Supplement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] We estimated the fair value of the stock options at the grant date based on the following weighted average assumptions:

Risk-free interest rate
    1.190 – 1.345
%
Expected life
    3.8 – 4.5
years
Expected volatility
    147.43 – 152.40
%
Dividend yield
    0.00
%
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] A summary of the status of our outstanding stock options as of June 30, 2015 and June 30, 2014 and changes during the periods then ended is presented below:

   
June 30, 2015
   
June 30, 2014
 
   
Shares
   
Weighted
Average
Exercise Price
   
Shares
   
Weighted
Average
Exercise Price
 
Outstanding beginning of period
   
1,754,000
   
$
0.17
     
1,904,000
   
$
0.23
 
Granted
   
670,000
   
$
0.10
     
150,000
   
$
0.08
 
Expired/Cancelled
   
(154,000
)
 
$
0.29
     
(300,000
)
 
$
0.50
 
Exercised
   
-
   
$
-
     
-
   
$
-
 
Outstanding end of period
   
2,270,000
   
$
0.14
     
1,754,000
   
$
0.17
 
                                 
Exercisable
   
1,752,500
   
$
0.16
     
1,604,000
   
$
0.18
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] The following table summarizes the range of outstanding and exercisable options as of June 30, 2015:

     
Outstanding
   
Exercisable
 
 
Range of
Exercise Prices
   
 
Number Outstanding at
June 30, 2015
   
Weighted
Average
Remaining
Contractual Life
   
 
Weighted
Average
Exercise Price
   
 
Number
Exercisable at
June 30, 2015
   
Weighted
Average Remaining
Contractual Life
 
$
0.08
     
150,000
     
6.42
   
$
0.08
     
150,000
     
6.42
 
$
0.10
     
670,000
     
4.47
   
$
0.10
     
152,500
     
4.47
 
$
0.17
     
650,000
     
4.42
   
$
0.17
     
650,000
     
4.42
 
$
0.17
     
400,000
     
5.42
   
$
0.17
     
400,000
     
5.42
 
$
0.17
     
400,000
     
6.42
   
$
0.17
     
400,000
     
6.42
 
         
2,270,000
                     
1,752,500