3. STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Assumptions for fair value of options granted

	Year Ended
	June 30, 2016
Assumptions:
Option life		5.5 years
Risk-free interest rate		1.01%
Stock volatility		188%
Dividend yield		0
Weighted average fair value of grants	$	0.49

Stock option activity

	Options Outstanding
	Number of Shares			Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding at July 1, 2014		409,087		$	4.41		6.27 years
Grants		714,000		$	0.75
Cancellations		(44,008	)	$	18.04
Outstanding at June 30, 2015		1,079,079		$	1.43		8.46 years
Grants		160,000		$	0.49
Cancellations		(103,079	)	$	7.03
Outstanding at June 30, 2016		1,136,000		$	0.79		8.00 years

Stock options outstanding by exercise price ranges

Range of Exercise Prices		Number of Shares		Weighted-Average Remaining Contractual Life (years)		Weighted-Average Exercise Price		Exercisable Number of Shares		Exercisable Weighted-Average Exercise Price
$	0.27		40,000		5.04	$	0.27		40,000	$	0.27
$	0.48		60,000		9.75	$	0.48		20,000	$	0.48
$	0.50		100,000		8.98	$	0.50		0	$	0.50
$	0.55		37,000		5.62	$	0.55		37,000	$	0.55
$	0.73		603,000		8.88	$	0.73		402,000	$	0.73
$	0.85		9,000		6.51	$	0.85		9,000	$	0.85
$	0.90		9,000		7.51	$	0.90		9,000	$	0.90
$	0.95		65,000		8.03	$	0.95		53,333	$	0.95
$	1.20		207,800		5.67	$	1.20		207,800	$	1.20
$	1.25		1,200		2.41	$	1.25		1,200	$	1.25
$	1.35		1,200		3.40	$	1.35		1,200	$	1.35
$	6.25		1,600		0.41	$	6.25		1,600	$	6.25
$	7.75		1,200		1.41	$	7.75		1,200	$	7.75
$	0.27–$7.75		1,136,000		8.00	$	0.79		783,333	$	0.86