Quarterly report pursuant to Section 13 or 15(d)

WARRANT DERIVATIVE LIABILITY (Tables)

v2.4.1.9
WARRANT DERIVATIVE LIABILITY (Tables)
9 Months Ended
Mar. 31, 2015
Derivative Liabilities [Abstract]  
Fair Value Measurements, Nonrecurring
These warrants were determined to have an estimated fair value per share and aggregate value as of March 31, 2015 and an aggregate value as of June 30, 2014 as follows:
 
 
 
Issued Warrants
 
Estimated Fair Value Per
Share $
as of
March 31,
2015
 
Estimated Total Fair Value in
Aggregate $
as of
March 31,
2015
 
Estimated Total Fair Value in
Aggregate $
as of
June 30,
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 2012 Warrants
 
 
562,551
 
$
 
 
0.03
 
$
 
 
14,000
 
$
 
 
110,000
 
July 2012 Warrants
 
 
338,013
 
 
 
 
0.03
 
 
 
 
9,000
 
 
 
 
67,000
 
August 2012 Warrants
 
 
120,719
 
 
 
 
0.03
 
 
 
 
3,000
 
 
 
 
24,000
 
October 2012 Warrants
 
 
48,287
 
 
 
 
0.03
 
 
 
 
1,000
 
 
 
 
10,000
 
Advisory Agreement Warrants
 
 
1,837,777
 
 
 
 
0.03
 
 
 
 
46,000
 
 
 
 
360,000
 
Total
 
 
2,907,347
 
 
 
 
 
 
$
 
 
73,000
 
$
 
 
571,000