XML 56 R31.htm IDEA: XBRL DOCUMENT v3.19.2
13. STOCKHOLDERS' DEFICIENCY (Tables)
12 Months Ended
Jun. 30, 2019
Stockholders' deficiency:  
Outstanding Stock Purchase Warrants
Shares of Common Exercise Price per Latest Termination
Stock Share Date
                      666,666 0.75 December 23, 2019
                   2,191,781 0.91 July 2, 2020
                      549,450 0.91 July 2, 2020
                   9,441,313 0.70 August 4, 2021
                        25,000 0.70 August 4, 2021
                   9,414,503 0.80 December 6, 2021
                 22,288,713    
Option activity
    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Term in Years  

Aggregate Intrinsic Value

                     
                     
Outstanding - July 1, 2016     5,261,740       1.21       6.2    
                           
Granted     4,119,000       0.46            
Forfeited     (410,388 )     1.12            
Expired     (43,220 )     22.59            
                           
Outstanding - June 30, 2017     8,927,132       0.76       7.5    
                           
Granted     4,182,550       0.90            
Forfeited     (39,500 )     1.70            
Exercised     (208,900 )     0.77            
Expired     (85,820 )     6.95            
                           
Outstanding - June 30, 2018     12,775,462       0.76       7.7    
                           
Granted     2,340,200       1.34            
Forfeited     (280,362 )     0.62            
Exercised     (270,500 )     0.64            
Expired     (129,150 )     1.77            
Outstanding - June 30, 2019     14,435,650     $ 0.85       7.3    $ 5,021,759
                           
Exercisable at June 30, 2019     8,226,113     $ 0.77       6.1    $ 3,311,791
                         
Expected to vest at June 30, 2019     6,209,537     $ 0.95       8.9    $ 1,709,968
Weighted average assumptions
    2019     2018     2017  
                   
Risk-free interest rate     1.9 %     1.8 %     1.7 %
Volatility factor     69.3 %     52.6 %     75.0 %
Dividend yield     0 %     0 %     0 %
Expected option life (years)     6.1       6.0       6.2  
Weighted average grant date fair value   $ 0.85     $ 0.58     $ 0.27  
Restricted Stock Units
    2019     2018     2017  
Outstanding at beginning of year     9,323,876       5,209,617       2,665,768  
Granted     1,517,450       4,914,550       3,192,000  
Forfeited     (182,351 )     (5,250 )     (68,751 )
Vested     (331,142 )     (795,041 )     (579,400 )
Outstanding at end of year     10,327,833       9,323,876       5,209,617