Annual report pursuant to Section 13 and 15(d)

DERIVATIVE FINANCIAL LIABILITY (Tables)

v2.4.0.6
DERIVATIVE FINANCIAL LIABILITY (Tables)
12 Months Ended
Jun. 30, 2012
Schedule Of Estimated Fair Value Of Derivative Instruments [Table Text Block] The assumptions made in computing the estimated fair value for the derivative financial liability using the Black-Scholes option pricing model were as follows:

 

 

 

 

 

 

 

 

 

 

As of June 30,

 

 

 


 

 

 

2012

 

2011

 

 

 


 


 

 

 

 

 

 

 

 

 

Common stock price

 

$

0.76

 

$

2.86

 

Risk free interest rate

 

 

0.2

%

 

0.4

%

Dividend yield

 

 

0

%

 

0

%

Volatility

 

 

100.0

%

 

96.7

%

Remaining contract term (in years)

 

 

1.2

 

 

2.2