Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Stockholders' Equity (Deficit) (Tables)

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Note 5 - Stockholders' Equity (Deficit) (Tables)
6 Months Ended
Dec. 31, 2018
Stockholders' equity (deficit):  
Schedule of Warrant Activity
   

Number of

Warrants

   

Weighted

Average

Exercise

Price Per

Warrant

   

Remaining

Contract

Term (#

years)

 
Warrants outstanding and exercisable at June 30, 2018     1,740,790     $ 2.03       0.74  
Warrants issued     -       -       -  
Warrants exercised     (79,957 )   $ 1.48       -  
Warrants forfeited     -     $ -       -  
Warrants outstanding and exercisable at December 31, 2018     1,660,833     $ 2.06       0.19  
Schedule of Stock Option Activity
   

Number of

Shares

   

Weighted

Average

Exercise Price

   

Weighted

Average

Remaining

Contract

Term (# years)

 
Outstanding at June 30, 2018     3,544,473     $ 0.83        
Granted     401,174       1.75        
Exercised     -       -        
Forfeited and cancelled     180,000       0.46        
Outstanding at December 31, 2018     3,765,647     $ 0.95       8.48  
Exercisable at December 31, 2018     1,884,940     $ 0.83       7.69  

 

   

Number of

Shares

   

Weighted

Average

Exercise Price

   

Weighted

Average

Remaining

Contract

Term (# years)

 
Outstanding at June 30, 2017     716,277     $ 1.01        
Granted     1,970,000       0.46        
Exercised     -                
Forfeited and cancelled     (1,000 )     0.50        
Outstanding at December 31, 2017     2,685,277     $ 0.61       8.96  
Exercisable at December 31, 2017     1,626,613     $ 0.81       7.86  

Schedule of Stock-based Compensation
    For the Three Months Ended December 31     For the Six Months Ended December 31,  
    2018     2017     2018     2017  
Research and development   $ 17,000     $ 61,000     $ 32,000     $ 64,000  
General and administration     226,000       92,000       375,000       100,000  
Total stock-based compensation expense   $ 243,000     $ 153,000     $ 407,000     $ 164,000  
Schedule of Stock Options Valuation Assumptions
Six months ended December 31,   2018     2017
Expected volatility   142 %-143%     100 %
Risk free interest rate   2.73 % - 2.82%     1.76 %
Forfeiture rate     20.0 %     23.0 %
Dividend yield   0 %     0 %
Expected term (years)   5     5