Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.7.0.1
Stockholders' Deficit (Tables)
12 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of Stock Option Activity

A summary of the Company’s option activity during the years ended June 30, 2017 and 2016 are presented below:

 

          Weighted  
    Number of     Average  
    Shares     Price Per Share  
Outstanding at June 30, 2015     -       -  
Issued     572,000           7.50  
Exercised     -       -  
Expired     -       -  
Outstanding at June 30, 2016     572,000     $ 7.50  
Issued     -       -  
Exercised     -       -  
Forfeited     -       -  
Expired     -       -  
Outstanding at June 30, 2017     572,000     $ 7.50  
                 
Exercisable at June 30, 2017     381,333     $ 7.50  
Outstanding and Exercisable:                
                 
Weighted average remaining contractual term     3.79          
Aggregate intrinsic value   $ -          

Schedule of Warrant Activity

The following table summarizes warrant activity for the years ended June 30, 2017 and 2016:

 

          Weighted  
    Number of     Average  
    Shares     Price Per Share  
Outstanding at June 30, 2015     29,517       12.50  
Issued         120,762           132.50  
Exercised     -       -  
Expired     -       -  
Outstanding at June 30, 2016     150,279     $ 107.50  
Issued     1,064,000       7.99  
Exercised     (154,762)       3.00  
Forfeited     (1,010,000)       7.50  
Expired     -       -  
Outstanding at June 30, 2017     149,517     $ 11.28  
                 
Exercisable at June 30, 2017     149,517     $ 11.28  
Outstanding and Exercisable:                
                 
Weighted average remaining contractual term     1.79          
Aggregate intrinsic value   $ -