Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Deficiency) (Details 5)

v3.7.0.1
Stockholders' Equity (Deficiency) (Details 5) - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Number of Warrants    
Issuance of 2017 Agent Warrants (iv) 138,462 23,477
Value of Warrants    
Beginning Balance $ 1,658,382 $ 89,432
Issuance of 2017 Agent Warrants (iv) 424,401 29,594
Exercise of 2015 Investor Warrants (i) 5,159 76,539
Warrants issued for services (iii) 81,602 677,445
Ending Balance $ 4,570,574 $ 1,658,382
Warrant [Member]    
Number of Warrants    
Beginning Balance 1,521,713 125,000
Issuance of 2017 Investor Warrants (iv) [1] 2,076,924  
Issuance of 2017 Agent Warrants (iv) [1] 138,462 424,401
Exercise of Valent warrants (v) [2] (125,000)  
Issuance of 2016 Agent Warrants (ii) [3]   103,963
Warrants issued for services (iii) [4] 41,400 265,000
Ending Balance 3,604,749 1,521,713
Value of Warrants    
Beginning Balance $ 1,658,382 $ 89,432
Issuance of 2017 Investor Warrants (iv) [1] 2,526,336  
Issuance of 2017 Agent Warrants (iv) [1] 424,401  
Exercise of Valent warrants (v) [2] (89,432)  
Issuance of 2015 Investor Warrants (i) [5]   671,189
Issuance of 2016 Agent Warrants (ii) [3]   246,566
Warrants issued for services (iii) 81,602 677,445
Ending Balance $ 4,570,574 $ 1,658,382
[1] As part of the financing completed by the Company in April 2017, the Company issued the 2017 Investor Warrants and the 2017 Agent Warrants. The 2017 Investor Warrants are exercisable at $3.50 until April 19, 2022 and the 2017 Agent Warrants are exercisable at $4.06 until April 12, 2022.
[2] The Valent warrants were exercised at $1.54 (CA$2.00) for proceeds of $192,075.
[3] As part of its Series B Preferred Stock financing the Company issued to the placement agent for this financing warrants (the "2016 Agent Warrants") which are exercisable at a price of $4.00 until May 12, 2021.
[4] During the year ended June 30, 2017, the Company issued 41,400 (2016 265,000) warrants for services at an exercise price of $5.93 (2016 $3.00). The warrants expire at the various dates noted in the table.
[5] The 2015 Investor Warrants are exercisable at a price of $3.00. The warrants expire on July 31, 2020. During the year ended June 30, 2017, 48,750 (2016 41,667) warrants were exercised for proceeds of $146,250 (2016 $125,001).