| Schedule of stock-based compensation expense |
The
Company recorded stock-based compensation expense for the shares issued to consultants that have vested, which is a component
of general and administrative expenses in the Condensed Consolidated Statement of Operations as follows:
| |
|
|
|
|
Stock
Based Compensation |
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
For
the Nine Months Ended |
|
| Month
of Original Grant |
|
Shares
Issued |
|
|
March
31,
2017 |
|
|
March
31,
2016 |
|
| December 2015 |
|
|
230,000 |
|
|
$ |
945,189 |
|
|
$ |
136,603 |
|
| March 2016 |
|
|
60,000 |
|
|
|
261,214 |
|
|
|
12,133 |
|
| August 2016 |
|
|
40,000 |
|
|
|
147,600 |
|
|
|
- |
|
| January 2017 |
|
|
50,000 |
|
|
|
114,329 |
|
|
|
- |
|
| |
|
|
380,000 |
|
|
$ |
1,468,332 |
|
|
$ |
148,736 |
|
|
| Schedule of the option activity |
The
following is a summary of the option activity:
| |
|
Options |
|
|
Weighted
Average
Exercise
Price |
|
| |
|
|
|
|
|
|
| Outstanding
– June 30, 2016 |
|
|
160,000 |
|
|
$ |
1.50 |
|
| Exercisable
– June 30, 2016 |
|
|
40,000 |
|
|
$ |
1.50 |
|
| Granted |
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
| Forfeited/Cancelled |
|
|
— |
|
|
|
— |
|
| Outstanding
– March 31, 2017 |
|
|
160,000 |
|
|
$ |
1.50 |
|
| Exercisable
– March 31, 2017 |
|
|
40,000 |
|
|
$ |
1.50 |
|
|
| Schedule of resricted shares |
The
following is a summary of restricted shares:
| Grant
Date |
|
Shares
Issued |
|
|
Fair
Value |
|
|
Shares
Vested |
|
| June 2014 |
|
|
307,876 |
|
|
$ |
2,103,429 |
|
|
|
96,211 |
|
| July 2014 |
|
|
32,408 |
|
|
|
2,090 |
|
|
|
9,452 |
|
| August 2014 |
|
|
81,020 |
|
|
|
534,950 |
|
|
|
31,056 |
|
| September 2014 |
|
|
129,633 |
|
|
|
513,400 |
|
|
|
32,408 |
|
| March 2015 |
|
|
72,918 |
|
|
|
691,565 |
|
|
|
13,164 |
|
| June 2015 |
|
|
293,000 |
|
|
|
439,500 |
|
|
|
- |
|
| November 2015 |
|
|
36,200 |
|
|
|
54,300 |
|
|
|
- |
|
| December 2015 |
|
|
300,000 |
|
|
|
1,393,000 |
|
|
|
230,000 |
|
| January 2016 |
|
|
40,000 |
|
|
|
68,000 |
|
|
|
- |
|
| March 2016 |
|
|
60,000 |
|
|
|
333,000 |
|
|
|
60,000 |
|
| June 2016 |
|
|
118,000 |
|
|
|
577,771 |
|
|
|
- |
|
| August 2016 |
|
|
351,000 |
|
|
|
1,570,472 |
|
|
|
40,000 |
|
| January 2017 |
|
|
192,000 |
|
|
|
1,472,302 |
|
|
|
- |
|
| February 2017 |
|
|
110,000 |
|
|
|
697,500 |
|
|
|
- |
|
| March
2017 |
|
|
20,000 |
|
|
|
135,000 |
|
|
|
- |
|
| |
|
|
2,144,055 |
|
|
$ |
10,586,279 |
|
|
|
512,291 |
|
|