Note 4 - Derivative Obligations (Tables)

6 Months Ended

Dec. 31, 2015

Notes Tables

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

	Series A						Series B
	August 31, 2015			December 31, 2015			August 31, 2015			December 31, 2015
Market price of common stock	$	0.68		$	0.18		$	0.68		$	0.18
Expected volatility		72	%		80	%		62	%		92	%
Contractual term (years)		5.5			5.2			1.5			1.2
Discount rate		1.54	%		1.8	%		0.57	%		0.65	%
Dividend rate		0	%		0	%		0	%		0	%
Exercise price	$	0.68		$	0.68		$	0.68		$	0.68

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Balance at December 31, 2015		Level 1		Level 2		Level 3
Derivative obligation	$	643	$	-	$	-	$	643

Derivative Instruments, Gain (Loss) [Table Text Block]

	Amount
Balance - July 1, 2015	$	--
Addition of derivative obligation at fair value on date of issuance		4,282
Reclassification of derivative obligation for exercised warrants		(33	)
Change in fair value of derivative obligation		(3,606	)
Balance – December 31, 2015	$	643