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)

9 Months Ended

Mar. 31, 2018

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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 nine months ended March 31, 2018 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		(486,167)	$	1.62
Expired		(250,000)	$	4.50
Outstanding, March 31, 2018		20,809,584	$	1.61		7.6

Exercisable at March 31, 2018		10,310,626	$	1.97		6.5

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 issued in debt financing		850,000	$	1.00
Warrants expired		(285,407)	$	2.43
Outstanding, March 31, 2018		34,011,041	$	1.67		3.0

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 nine months ended March 31, 2018 were as follows:

Expected volatility	40% - 96	%
Risk free interest rate	1.47% - 2.80	%
Warrant term (years)	1 - 10
Dividend yield	0	%

Lattice Pricing Model [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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

The estimated fair value was derived using the lattice model with the following assumptions:

Expected volatility	65	%
Risk free interest rate	2.62	%
Warrant term (years)	5
Dividend yield	0	%