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Fair Value Measurement (Tables)
 12 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
At June 30, 2018 and 2017, the estimated fair values of the liabilities measured on a recurring basis are as follows:
 
 
 
Fair Value Measurements at
 
 
 
June 30, 2018:
 
 
 
(Level 1)
 
 
(Level 2)
 
 
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
Derivative liability – Series C debentures
 
$
-
 
 
 
-
 
 
$
-
 
Derivative liability – Warrants
 
 
-
 
 
 
-
 
 
 
298,092
 
Total derivatives
 
$
-
 
 
$
-
 
 
$
298,092
 
 
 
 
Fair Value Measurements at
 
 
 
June 30, 2017:
 
 
 
(Level 1)
 
 
(Level 2)
 
 
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
Derivative liability – Series C debentures
 
$
-
 
 
 
-
 
 
$
32,213
 
Derivative liability – Warrants
 
 
-
 
 
 
-
 
 
 
2,015,354
 
Total derivatives
 
$
-
 
 
$
-
 
 
$
2,047,567
 
Schedule Of Projected Annual Volatility [Table Text Block] The projected annual volatility for the valuation dates are:
 
1 Year
 
 
 
6/30/17
 
 
60
%
6/30/18
 
 
56
%
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table presents the activity for liabilities measured at estimated fair value using unobservable inputs for the years ended June 30, 2016, 2017 and 2018:
 
 
 
 
 
 
Fair Value Measurement
‎
Using Significant
 
 
 
 
 
 
Unobservable Inputs
 
 
 
 
Obligation
to issue
shares
 
 
Derivative
‎
liability –
‎
Series B
 
 
Derivative
‎
liability –
‎
Series C
 
 
Derivative
‎
liability -
‎
warrant
 
Balance at July 1, 2015
 
$
-
 
 
$
366,764
 
 
$
476,289
 
 
$
3,442,754
 
Additions during the year
 
 
 
 
 
 
-
 
 
 
-
 
 
 
-
 
Change in fair value
 
 
-
 
 
 
(163,734
)
 
 
(132,616
)
 
 
(245,572
)
Transfer in and/or out of Level 3
 
 
 
 
 
 
-
 
 
 
-
 
 
 
-
 
Balance at July 1, 2016
 
$
-
 
 
$
203,030
 
 
$
343,673
 
 
$
3,197,182
 
Additions during the year
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Change in fair value
 
 
-
 
 
 
(203,030
)
 
 
(311,460
)
 
 
(1,181,828
)
Transfer in and/or out of Level 3
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Balance at July 1, 2017
 
$
-
 
 
$
-
 
 
$
32,213
 
 
$
2,015,354
 
Additions during the year
 
 
5,864,337
 
 
 
-
 
 
 
-
 
 
 
-
 
Change in fair value
 
 
(819,994
)
 
 
-
 
 
 
(16,764
)
 
 
(1,717,262
)
Transfer in and/or out of Level 3
 
 
(5,044,343
)
 
 
-
 
 
 
(15,449
)
 
 
 
-
 
Balance at June 30, 2018
 
$
-
 
 
$
-
 
 
$
-
 
 
$
298,092