Common Stock Warrants (Tables)

12 Months Ended

Jun. 30, 2017

Common Stock Warrants Tables

Schdule of Black-Scholes option pricing model

The expense of these warrants was calculated using the Black-Scholes option pricing model using the following assumptions:

Dividend yield		0
Expected volatility		1.20	%
Risk free interest		0.50	%
Expected life	3.5 years

Summary of Common stock warrants outstanding and exercisable

A summary of the status of the Company’s stock warrants as of June 30, 2017 and 2016 is presented below:

						Weighted Ave.
	Stock			Exercise		Exercise
	Warrants			Price		Price
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 and Exercisable, June 30, 2017		11,193,334		$	0.10–1.50	$	0.14

Summary of outstanding stock warrants

A summary of outstanding stock warrants at June 30, 2017 follows:

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		2.750	$	0.10	$	0.10
1,500,000	February 2020		2.750	$	0.10	$	0.10
2,600,000	May 2018		1.000	$	0.15	$	0.15
2,000,000	February 2020		2.750	$	0.20	$	0.20
1,000,000	February 2020		2.750	$	0.20	$	0.20
500,000	February 2020		2.750	$	0.10	$	0.10
1,000,000	February 2020		2.750	$	0.10	$	0.10