Annual report pursuant to Section 13 and 15(d)

Note 8 - Warrant Derivative Liability (Tables)

v3.5.0.2
Note 8 - Warrant Derivative Liability (Tables)
 12 Months Ended
Jun. 30, 2016
Notes Tables  
Fair Value Measurements, Nonrecurring [Table Text Block]
   
Issued
Warrants
    
Fair
Value Per
Share
$ as of
June 30,
2016
    
Total
Fair Value in
Aggregate
$ as of
June 30,
2016
    
Total
Fair Value in
Aggregate
$ as of
June
30, 2015
  
                                 
June 2012 Warrants
     562,551     $ 0.008     $ 5,000     $ 4,000  
July 2012 Warrants
     338,013     $ 0.009     $ 3,000     $ 3,000  
August 2012 Warrants
     120,719     $ 0.010     $ 1,000     $ 1,000  
October 2012 Warrants
     48,287     $ 0.012     $ 1,000     $ 1,000  
Advisory Agreement Warrants
     1,837,777     $ 0.008     $ 14,000     $ 14,000  
Total
     2,907,347             $ 24,000     $ 23,000  
Fair Value of Warrant Derivative Evaluation Techniques [Table Text Block]
   
As of
June 30, 2016
    
 
As of
June 30, 2015
 
  
Risk-free interest rate
     0.44%-0.49 %     0.62%-0.76 %
Expected life (average) (years)
     .96–1.33       1.96-2.34  
Stock price (based on prices on valuation date)
   $ 0.05     $ 0.05  
Exercise price
   $ 0.15     $ 0.27  
Expected
volatility
     110 %     100 %