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SUBSEQUENT EVENTS
12 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

Subsequent to June 30, 2017, on July 25, 2017, the Company filed Amendment No. 1 to the First Amended and Restated Certificate of Designation of the Relative Rights, Powers and Preferences of the Series B-1 Preferred (the “B-1 Amendment”), which B-1 Amendment was effective July 21, 2017. The B-1 Amendment increased the number of shares of Series B-1 Preferred from 400,000 to 550,000 shares.

 

In accordance with the Subsequent Events Topic of the FASB ASC 855, we have evaluated subsequent events, through the filing date and noted no additional subsequent events that are reasonably likely to impact the financial statements.