v2.4.1.9

Options, Warrants And Stockbased Compensation (TABLE)

6 Months Ended

Dec. 31, 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 December 31, 2014		Three Months Ended December 31, 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 December 31, 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 December 31, 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

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Tabular disclosure of the number and Warrants Outstanding

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

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Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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