Note 13 - Subsequent Events

12 Months Ended

Jun. 30, 2016

13.	SUBSEQUENT EVENTS:

The Company has evaluated events that occurred subsequent to June 30, 2016 for recognition and disclosure in the financial statements and notes to the financial statements.

From July 1, 2016 through September 16, 2016, the Company has issued 17,479 shares of the Company’s common shares to an employee and consultants valued at approximately $14,000.

From July 1, 2016 through September 16, 2016, a consultant has elected to convert approximately $6,000 of deferred compensation into 7,152 shares of the Company’s common shares.

From July 1, 2016 through September 16, 2016, the Company has granted 35,000 options to purchase shares of the Company’s common shares at an exercise price of $1.00 per share. The options vested immediately upon grant date and expire on July 31, 2020.

From July 1, 2016 through September 16, 2016, the Company has sold 30,467 shares of the Company’s restricted common stock for $0.75 per share.

From July 1, 2016 through September 16, 2016, the Company has sold 120,000 units for $0.75 per unit, with each consisting of one share of the Company’s restricted stock and one warrant to purchase one half of a share of the Company’s restricted common stock for $1.00 per share until December 31, 2017. The proceeds from the sale of the units totaled $90,000.

From July 1, 2016 through September 16

, 2016, 722,319 warrants to purchase the Company’s common stock expired unexercised.