Derivative Liabilities

12 Months Ended

Jun. 30, 2017

Derivative Liabilities

Derivative Liabilities [Text Block]

9. Derivative liabilities

The derivative liability was valued using the weighted-average Black-Scholes- Merton option pricing model using the assumptions detailed below. As June 30, 2017 and 2016, the derivative liability was $1,134,000 and $697,000, respectively. For the years ended June 30, 2017 and 2016, the Company recorded a $437,000 and $397,000 loss from changes in derivative liability, respectively. The Black-Scholes model with the following assumption inputs:

Convertible Notes:

	June 30, 2017
Annual dividend yield		—
Expected life (years)		0.47
Risk-free interest rate		1.08	%
Expected volatility		103	%

Convertible Notes:

	June 30, 2016
Annual dividend yield		—
Expected life (years)		0.01
Risk-free interest rate		0.21	%
Expected volatility		449	%