v2.4.0.8
Options, Warrants And Stockbased Compensation (TABLE)
 3 Months Ended
Sep. 30, 2014
OPTIONS, WARRANTS AND STOCK-BASED COMPENSATION(TABLE):  
Schedule of Weighted Average Number of Shares

The following weighted average assumptions were used to estimate the fair value of stock options using the Black-Scholes option pricing model:

 

 

 

Three Months Ended September 30, 2014

 

Three Months Ended September 30, 2013

Risk-free interest rate

 

0.62% - 0.72%

 

0.90% - 0.96%

Expected dividend yield

 

-

 

-

Expected term

 

3.25 - 5.5 years

 

5.5 years

Forfeiture rate

 

0%

 

0%

Expected volatility

 

244.90% - 262.52%

 

122.33% - 124.91%
Summary of Option Activity (TABLE)

A summary of option activity as of September 30, 2014 and for the three months then ended is presented below. All information is presented pre-split:

 

Options

 

Shares

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Term

 

Aggregate Intrinsic Value

Outstanding at June 30, 2012

 

186,760

$

15.00

 

8.84 years

$

-

Granted

 

-

 

-

 

-

 

-

Exercised

 

-

 

-

 

-

 

-

Forfeited or expired

 

-

 

-

 

-

 

-

Outstanding at June 30, 2013

 

186,760

$

15.00

 

7.84 years

$

-

Granted

 

-

 

-

 

-

 

-

Exercised

 

-

 

-

 

-

 

-

Forfeited

 

-

 

-

 

-

 

-

Exercisable at June 30, 2014 and September 30, 2014

 

186,760

$

15.00

 

6.84 years

$

-
Summary of Warrants Outstanding (TABLE)

The following table summarizes the warrants outstanding at June 30, 2014 adjusted for the 1:250 stock split which took effect on September 4, 2014:

 

 

Exercise price

 

Number

 

Expiration Date

 

 

 

 

 

 

$

2.50

 

2,000

 

02/10/2017

$

2.50

 

4,000

 

02/17/2017

$

2.50

 

1,250

 

04/18/2017

$

2.50

 

800

 

08/15/2017

$

2.50

 

200

 

08/20/2017

$

2.50

 

1,000

 

09/14/2017

$

2.50

 

1,000

 

10/02/2017

 

 

 

10,250