Derivative Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2018

The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31 2018:

				Quoted Prices
				in Active	Significant
				Markets for	Other		Significant
	Balance at March 31, 2018			Identical Assets	Observable Inputs		Unobservable Inputs
				(Level 1)	(Level 2)		(Level 3)
Embedded conversion option liabilities	$	555,166	$	—	$	—	$	555,166
Total	$	555,166	$	—	$	—	$	555,166

The following is a roll forward for the nine months ended March 31, 2018 of the fair value liability of price adjustable derivative instruments:

	Fair Value of
	Liability for
	Derivative
	Instruments
Balance at June 30, 2017	$	881,172
Effects of foreign currency exchange rate changes		70
Reductions due to conversions		(658,772	)
Reductions due to repayment of debt		(199,339	)
Initial fair value of embedded conversion option derivative liability recorded as debt discount		510,000
Initial fair value of embedded conversion option derivative liability recorded as change in fair value of embedded conversion option		313,694
Change in fair value included in statements of operations		(291,659	)
Balance at March 31, 2018	$	555,166

Warrants

	March 31, 2018
Volatility		246.60	%
Expected remaining term (in years)		.5
Risk-free interest rate		1.93	%
Expected dividend yield		None

Convertible Debt

	Initial Valuations (on new derivative instruments entered into during the three months ended March 31, 2018)			March 31, 2018
Volatility		195.25% - 198.43	%		167.81% – 192.32	%
Expected Remaining Term (in years)		1			.93 - 1.36
Risk Free Interest Rate		1.79% - 2.06	%		1.87% - 2.09	%
Expected dividend yield		None			None