Quarterly report pursuant to Section 13 or 15(d)

WARRANT DERIVATIVE LIABILITY (Tables)

v2.4.0.8
WARRANT DERIVATIVE LIABILITY (Tables)
6 Months Ended
Dec. 31, 2013
Derivative Liabilities [Abstract]  
Fair Value Measurements, Nonrecurring
Warrants were determined to have an estimated fair value per share and aggregate value as of December 31, 2013, and in aggregate value as of June 30, 2013, as follows:                     
 
 
 
 
 
 
Estimated
 
 
 
 
 
 
 
 
 
 
Fair Value Per
 
Estimated
 
Estimated
 
 
 
 
 
 
Share $
 
Total Fair Value in
 
Total Fair Value in
 
 
 
 
 
 
as of
 
Aggregate $
 
Aggregate $
 
 
 
 
 
 
December 31,
 
as of
 
as of
 
 
 
Issued Warrants
 
2013
 
December 31, 2013
 
June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 2012 Warrants
 
 
562,551
 
$
0.02
 
$
11,000
 
$
27,000
 
July 2012 Warrants
 
 
338,013
 
 
0.02
 
 
7,000
 
 
17,000
 
August 2012 Warrants
 
 
120,719
 
 
0.02
 
 
3,000
 
 
6,000
 
October 2012 Warrants
 
 
48,287
 
 
0.02
 
 
1,000
 
 
3,000
 
Advisory Agreement Warrants
 
 
1,837,777
 
 
0.02
 
 
38,000
 
 
90,000
 
Total
 
 
2,907,347
 
 
 
 
$
60,000
 
$
143,000