Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Details)

v3.19.1
Derivative Liabilities (Details)
12 Months Ended
Jun. 30, 2018
$ / shares
shares
Summary of assumptions used in valuation model of derivatives liabilities  
Common stock issuable upon exercise of warrants | shares 2,574,570
Market value of common stock on measurement date $ 1.01
Risk free interest rate 2.33% [1]
Expected life in years 11 months 12 days
Expected volatility 102.00% [2]
Expected dividend yields [3]
Minimum [Member]  
Summary of assumptions used in valuation model of derivatives liabilities  
Exercise price $ 7.50
Maximum [Member]  
Summary of assumptions used in valuation model of derivatives liabilities  
Exercise price $ 11.25
[1] The risk-free interest rate was determined by management using the applicable Treasury Bill as of the measurement date.
[2] The historical trading volatility was determined by calculating the volatility of the Company's stock.
[3] The Company does not expect to pay a dividend in the foreseeable future.