Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]  
Schedule of fair value, financial liabilities measured on recurring basis

    Markets for 
Identical 
Assets
    Other 
Observable 
Inputs
    Significant 
Unobservable 
Inputs
    Carrying 
Value as of 
September 30,
 
Description   (Level 1)     (Level 2)     (Level 3)     2017  
Derivative liabilities - warrant instruments   $     -     $     -     $ 181,555     $ 181,555  
Derivative liability – embedded redemption feature     -       -       2,336,456       2,336,456  
      -       -       2,518,011       2,518,011  

    Markets for 
Identical 
Assets
    Other 
Observable 
Inputs
    Significant 
Unobservable 
Inputs
    Carrying 
Value as of 
June 30,
 
Description   (Level 1)     (Level 2)     (Level 3)     2017  
Derivative liabilities - warrant instruments   $    -     $ -     $ 175,853     $ 175,853  

Summary of fair value of the company level three financial liabilities

      Significant Unobservable 
Inputs (Level 3)
 
      September 30,       September 30,  
      2017       2016  
Beginning balance   $ 175,853     $ 892,503  
Fair value of derivative liabilities for redemption feature of notes payable     2,336,456       -  
Change in fair value of derivative liabilities     5,702       80,043  
Ending balance   $ 2,518,011     $ 972,546  

  

Summary of anti-dilutive securities

    Three months ended  
    September 30, 
2017
    September 30, 
2016
 
Stock options     503,972       605,982  
Restricted common stock     42,625       42,625  
Common stock warrants     7,254,762       4,224,573  
Total     7,801,359      

4,873,180