Quarterly report pursuant to Section 13 or 15(d)

WARRANT DERIVATIVE LIABILITY (Tables)

v2.4.0.8
WARRANT DERIVATIVE LIABILITY (Tables)
3 Months Ended
Sep. 30, 2014
Derivative Liabilities [Abstract]  
Fair Value Measurements, Nonrecurring
These warrants  were determined to have an estimated fair value per share and aggregate value as of September 30, 2014 and an aggregate value as of June 30, 2014 as follows:
 
 
 
 
 
 
 
Estimated
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Per
 
 
Estimated
 
 
Estimated
 
 
 
 
 
 
 
Share $
 
 
Total Fair Value in
 
 
Total Fair Value in
 
 
 
 
 
 
 
as of
 
 
Aggregate $
 
 
Aggregate $
 
 
 
 
 
 
 
September 30,
 
 
as of
 
 
as of
 
 
 
 
Issued Warrants
 
 
2014
 
 
September 30, 2014
 
 
June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 2012 Warrants
 
 
562,551
 
$
0.05
 
$
26,000
 
$
110,000
 
July 2012 Warrants
 
 
338,013
 
 
0.05
 
 
16,000
 
 
67,000
 
August 2012 Warrants
 
 
120,719
 
 
0.05
 
 
6,000
 
 
24,000
 
October 2012 Warrants
 
 
48,287
 
 
0.05
 
 
2,000
 
 
10,000
 
Advisory Agreement Warrants
 
 
1,837,777
 
 
0.05
 
 
83,000
 
 
360,000
 
Total
 
 
2,907,347
 
 
 
 
$
133,000
 
$
571,000