Note 9 - Subsequent Events

9 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Subsequent Events [Text Block]

9.

     SUBSEQUENT EVENTS:

The Company has evaluated events that occurred subsequent to

March

31,

2017

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

From

April

1,

2017

through

May

5,

2017,

the Company has issued

9,201

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

$8,000.

From

April

1,

2017

through

May

5,

2017,

the Company sold

134,013

Units of its securities at

$0.75

per Unit for aggregate consideration of approximately

$100,000.

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,

2018.

From

April

1,

2017

through

May

5,

2017,

the Company granted

25,000

options to purchase the Company’s common shares for an exercise price of

$1.00

per share with an expiration date of

April

15,

2020

to

one

its directors.