|3 Months Ended|
Sep. 30, 2018
|Subsequent Events [Abstract]|
Subsequent to September 30, 2018, the Company issued 20,000 stock purchase warrants exercisable at $0.90 until October 11, 2021 and 1,578 shares of common stock were issued for services. Also, the Company granted a total of 300,000 stock options to Company directors and management at an exercise price of $0.6099. The stock options expire on November 8, 2028 with 200,000 of them vesting pro rata monthly over one year commencing one month from the date of grant and 100,000 vesting as to one-sixth six months from the date of grant with the remaining options vesting pro rata monthly over thirty months commencing seven months from the date of grant.
In addition, 40,000 shares of Series B Preferred stock were converted into 100,000 shares of common stock.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef