Rezolute, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

6 Months Ended

Dec. 31, 2017

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company has computed the fair value of all options granted during the six months ended December 31, 2017 using the following assumptions:

Expected volatility	84	%
Risk free interest rate	2.0 - 2.21	%
Expected term (years)	7
Dividend yield	0	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Stock option activity is as follows:

			Weighted		Weighted Average
	Number of		Average		Remaining
	Options		Exercise Price		Contractual Life
Outstanding, June 30, 2017		21,290,751	$	1.65		7.7
Granted		255,000	$	1.08
Forfeited		(457,000)	$	1.65
Outstanding, December 31, 2017		21,088,751	$	1.65		7.7

Exercisable at December 31, 2017		9,250,001	$	2.09		6.4

Schedule Of Warrants Issued To Agents Activity [Table Text Block]

Warrants – The Company issued warrants to agents in conjunction with the closing of various financings and issued warrants in private placements as follows:

			Weighted		Weighted Average
	Number of		Average		Remaining
	Warrants		Exercise Price		Contractual Life
Outstanding, June 30, 2017		32,796,448	$	1.71		3.7
Warrants issued for consulting services		650,000	$	1.03
Warrants expired		(285,407)	$	2.43
Outstanding, December 31, 2017		33,161,041	$	1.69		3.2

Schedule Of Share Based Payment Award Stock Warrants Valuation Assumptions [Table Text Block]

The Black-Scholes valuation methodology was used because that model embodies all of the relevant assumptions that address the features underlying these instruments. Significant assumptions for the warrant values calculated for the three months ended December 31, 2017 were as follows:

Expected volatility	53% - 85	%
Risk free interest rate	1.76% - 2.37	%
Warrant term (years)	1 - 10
Dividend yield	0	%