Note 9 - Subsequent Events

6 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

9. SUBSEQUENT EVENTS:

The Company has evaluated events that occurred subsequent to

December

31,

2016

for recognition and disclosure in the financial statements and notes to the financial statements.

From

January

1,

2017

through

February

10,

2017,

the Company has issued

131,386

shares of the Company’s common shares to an employee and consultants for services valued at approximately

$99,000.

 

From

January,

1,

2017

through

February

10,

2017,

two

consultants have elected to convert approximately

$134,000

of deferred compensation into

177,390

shares of the Company’s common shares. The Company also issued

79,614

warrants to purchase common shares of the Company for

$1.00

per share with expiry dates of

December

31,

2018

in conjunction with

one

of the conversions.

From

January

1,

2017

through

February

00,

2017,

the Company sold

70,517

Units of its securities at

$0.75

per Unit for aggregate consideration of approximately

$52,900.

Each Unit consists of

one

share of common stock and a callable warrant to purchase ½ share of the Company’s common shares at

$1.00

per share until

December

31,

2017.