XML 38 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2016
Summary Of Significant Accounting Policies Tables  
Schedule of fair value of derivative liabilities
    June 30, 2016
Annual dividend yield     —    
Expected life (years)     0.01  
Risk-free interest rate     0.21 %
Expected volatility     449 %

 

    Carrying Value   Fair Value Measurements at
    As of   June 30, 2016
    June 30,   Using Fair Value Hierarchy
    2016   Level 1   Level 2   Level 3
Liabilities                                
Derivative liabilities   $ 701,000     $ —       $ 701,000     $ —    
Total   $ 701,000     $ —       $ 701,000     $ —    

 

    June 30, 2015
Annual dividend yield     —    
Expected life (years)     0.99  
Risk-free interest rate     0.27 %
Expected volatility     377 %

 

    Carrying Value   Fair Value Measurements at
    As of   June 30, 2015
    June 30,   Using Fair Value Hierarchy
    2015   Level 1   Level 2   Level 3
Liabilities                                
Derivative liabilities   $ 304,000     $ —       $ 304,000     $ —    
Total   $ 304,000     $ —       $ 304,000     $ —