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Common Stock Warrants (Tables)

12 Months Ended

Jun. 30, 2016

Common Stock Warrants Tables

Summary of expense warrants using assumptions

Dividend yield		0
Expected volatility		1.42%
Risk free interest		0.50%
Expected life		4.5 years

Company Stock warrants

			Stock			Exercise				Weighted Ave. Exercise
			Warrants			Price				Price

Outstanding and Exercisable, June 30, 2014			8,693,334			$	0.15-1.50			$	0.28

Granted			1,500,000			$	0.10-0.15			$	0.12
Expired/Canceled			-				-				-
Exercised			-				-				-

Outstanding and Exercisable, June 30, 2015			10,193,334			$	0.10-1.50			$	0.24

Granted			3,000,000			$	0.20-0.20			$	0.20
Expired/Canceled			(2,000,000	)			-				-
Exercised			-				-				-

Outstanding and Exercisable, June 30, 2016			11,193,334			$	0.10-1.50			$	0.27

Outstanding stock warrants

Number of						Remaining								Weighted
Common Stock						Contracted				Exercise				Ave Exer.
Equivalents				Expir. Date		Life (Years)				Price				Price

50,000				August, 2016			.250			$	0.15			$	0.15
210,000				August, 2016			.250			$	0.15			$	0.15
2,333,334				February, 2020			.250			$	0.15			$	0.15
1,500,000				February, 2020			.250			$	0.20			$	0.20
2,600,000				May, 2018			2.000			$	0.15			$	0.15
2,000,000				February, 2020			3.750			$	0.20			$	0.20
1,000,000				February, 2020			3.750			$	0.20			$	0.20
500,000				February, 2020			.250			$	0.15			$	0.15
1,000,000				February, 2020			.250			$	0.10			$	0.10

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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