Warrants

3 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Note 6 - Warrants

During the year ended June 30, 2017, the Company extended 5,333,334 warrants in connection with the financing addressed in Note 5. The warrants can be purchased at $0.10 per share. The Company reported a $258,183 loss on extinguishment of debt related to the extension of these warrant issuances. 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