Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Details 6)

v3.20.1
Stockholders' Equity (Details 6)
9 Months Ended
Mar. 31, 2020
shares
Summary of changes in outstanding warrants  
Balance - December 31, 2019 250,000
Warrant [Member]  
Summary of changes in outstanding warrants  
Balance - June 30, 2019 1,543,596
2020 Investor Warrants issued in underwritten offering 7,762,500
PFW issued in underwritten offering 2,655,000
2020 Underwriter Warrants 377,500
Exercise of PFW (2,655,000)
Warrants Issued for services 530,000 [1]
Expiry of warrants for services (4,140) [2]
Balance - December 31, 2019 10,209,456
[1] The Company issued 530,000 warrants for services during the nine months ended March 31, 2020. 280,000 warrants are exercisable at $0.75 per share until November 18, 2023 and they vest pro rata monthly commencing December 18, 2019. 250,000 warrants are exercisable at $0.64 per share until January 20, 2024 and they vest pro rata monthly commencing February 20, 2020. The total fair value of the warrants issued was $233,176 with $133,297 being recognized during the nine months ended March 31, 2020.
[2] On February 27, 2020, 4,140 warrants at an exercise price of $59.30 expired.