Quarterly report pursuant to Section 13 or 15(d)

WARRANT DERIVATIVE LIABILITY (Tables)

v2.4.0.8
WARRANT DERIVATIVE LIABILITY (Tables)
9 Months Ended
Mar. 31, 2014
Derivative Liabilities [Abstract]  
Fair Value Measurements, Nonrecurring
Warrants were determined to have an estimated fair value per share and aggregate value as of March 31, 2014, and in aggregate value as of June 30, 2013 as follows:
 
 
 
Issued Warrants
 
Estimated Fair
Value Per Share
as of March 31,
2014
 
 
Estimated Total
Fair Value in
Aggregate $ as
of March 31,
 2014
 
 
Estimated Total
Fair Value in
Aggregate $ as 
of June 30,
 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 2012 Warrants
 
562,551
 
$
0.28
 
$
156,000
 
$
27,000
 
July 2012 Warrants
 
338,013
 
 
0.28
 
 
94,000
 
 
17,000
 
August 2012 Warrants
 
120,719
 
 
0.28
 
 
34,000
 
 
6,000
 
October 2012 Warrants
 
48,287
 
 
0.28
 
 
14,000
 
 
3,000
 
Advisory Agreement Warrants
 
1,837,777
 
 
0.28
 
 
510,000
 
 
90,000
 
 
 
2,907,347
 
 
 
 
$
808,000
 
$
143,000