General form of registration statement for all companies including face-amount certificate companies

Convertible notes payable

v3.7.0.1
Convertible notes payable
12 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Convertible notes payable

Note 7. Convertible notes payable

 

During March 2015, Akoustis, Inc. received $655,000 in proceeds from six investors upon execution of convertible notes. On April 9, 2015, one note holder converted $10,000 of his outstanding convertible note to 6,806 shares of Common Stock of the Company. On May 22, 2015, the remaining $645,000 of the notes were converted to 430,000 shares of Common Stock of the Company.