3. STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2017

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

Assumptions for fair value of options granted

	Year Ended
	June 30, 2017
Assumptions:
Option life		5.3 years
Risk-free interest rate		1.01%
Stock volatility		175%
Dividend yield		0
Weighted average fair value of grants	$	0.38

Stock option activity

	Options Outstanding
	Number of Shares			Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding at July 1, 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
Grants		15,000		$	0.40
Cancellations		(72,600	)	$	0.85
Outstanding at June 30, 2017		1,078,400		$	0.78	7.01 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		4.04	$	0.27		40,000	$	0.27
$	0.40		15,000		9.83	$	0.40		5,000	$	0.40
$	0.48		60,000		8.75	$	0.48		40,000	$	0.48
$	0.50		100,000		8.98	$	0.50		65,000	$	0.50
$	0.55		29,500		4.62	$	0.55		29,500	$	0.55
$	0.73		539,500		7.88	$	0.73		479,500	$	0.73
$	0.85		9,000		5.51	$	0.85		9,000	$	0.85
$	0.90		9,000		6.51	$	0.90		9,000	$	0.90
$	0.95		65,000		7.03	$	0.95		65,000	$	0.95
$	1.20		207,800		4.67	$	1.20		207,800	$	1.20
$	1.25		1,200		1.41	$	1.25		1,200	$	1.25
$	1.35		1,200		2.40	$	1.35		1,200	$	1.35
$	7.75		1,200		0.41	$	7.75		1,200	$	7.75
$	0.27–7.75		1,078,400		7.01	$	0.78		953,400	$	0.81