Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Stockholders' Deficit (Tables)

v3.5.0.2
Note 6 - Stockholders' Deficit (Tables)
 3 Months Ended
Sep. 30, 2016
Notes Tables  
Schedule of Stock by Class [Table Text Block]
     
Value of Common Stoc
k
    
Shares of Common Stoc
k
  
                   
Shares issued in 2016 Private Placement as Loan Conversio
n
   $ 400,000       10,000,000  
Shares issued in 2016 Private Placement for Cas
h
     1,075,000       26,875,000  
Shares issued in 2016 Private Placement for Private Placement Subscription
     -       2,500,000  
Shares issued for Services Rendere
d
     3,000       75,000  
Shares issued in Warrant Exchang
e
     7,824       1,106,341  
Tota
l
   $ 1,485,824       40,556,341  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
   
Number of Warrants
    
Weighted
Average
Exercise
Price Per
Warrant
    
Remaining
Contract
Term (#
years)
  
Warrants outstanding and exercisable
at June 30, 2016
     28,040,096     $ 0.20     0.39 - 2.50  
Warrants issued
     -     $ -       -    
Warrants
exchanged
    (1,837,777
)
   $ 0.14      
0.29
    
Warrants outstanding and exercisable at
September 30, 2016
     26,202,319     $ 0.20    
0.29
-
2.23
  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   
Number of
Shares
    
Weighted
Average
Exercise Price
    
Weighted
Average
Remaining
Contract
Term (# years)
  
Outstanding at June 30,
2016
     9,004,020     $ 0.11          
Granted
     -                  
Exercised
     -                  
Forfeited and cancelled
     (801,320
)
   $ 0.25          
Outstanding at
September 30, 2016
     8,202,700     $ 0.10       7.42  
Exercisable at
September 30, 2016
     6,023,455     $ 0.12       6.40  
   
Number of
Shares
    
Weighted
Average
Exercise Price
    
Weighted
Average
Remaining
Contract
Term (# years)
  
Outstanding at June 30,
2015
     6,101,357     $ 0.16          
Granted
     -                  
Exercised
     -                  
Forfeited and cancelled
     (389,774
)
     0.30          
Outstanding at
September 30, 2015
     5,711,583     $ 0.15       6.20  
Exercisable at
September 30, 2015
     4,849,251     $ 0.15       6.02  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
Three months
ended
September
30,
  
2016
    
2015
  
Research and development
   $ 7,000     $ 3,000  
General and administrative
     4,000       27,000  
Total stock-based compensation expense
   $ 11,000     $ 30,000  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Three months ended September 30,
 
2016
    
2015
  
Expected volatility
     100%       100%
 
Risk free interest rate
     1.31%       0.96%
 
Forfeiture rate
     23.0%       17%
 
Dividend yield
     0%       0%
 
Expected term (years)
     3       3