Rezolute, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2018

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

Rezolute has computed the fair value of all options granted during the year ended June 30, 2018 using the following assumptions:

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

Rezolute has computed the fair value of all options granted during the year ended June 30, 2017 using the following assumptions:

Expected volatility	74 - 80	%
Risk free interest rate	1.46% - 2.43	%
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, 2016		8,947,418		$	2.73
Granted		24,725,000		$	1.19
Cancelled		(12,256,667	)	$	1.51
Forfeited		(125,000	)	$	1.12
Outstanding, June 30, 2017		21,290,751		$	1.65		7.7
Granted		255,000		$	1.08
Forfeited		(1,880,505	)	$	1.62
Expired		(250,000	)	$	4.50
Outstanding, June 30, 2018		19,415,246		$	1.55		7.8

Exercisable at June 30, 2018		11,398,855		$	1.92		6.4

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Stock options outstanding at June 30, 2018 are summarized in the table below:

Range of Exercise Prices	Number of Options Outstanding		Weighted Average Exercise Price		Weighted Average Remaining Contractual Lives
$1.00 - $1.99		12,908,287	$	1.20		6.5
$2.00 - $2.99		3,778,208	$	2.06		7.3
$3.00 - $4.50		2,728,751	$	3.14		2.2
		19,415,246	$	1.64		5.3

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

Rezolute issued warrants to agents and security holders in conjunction with the closing of various financings, note conversions, and private placements as follows:

				Weighted		Weighted Average
	Number of			Average		Remaining
	Warrants			Exercise Price		Contractual Life
Outstanding, June 30, 2016		28,964,376		$	2.11		3.1
Warrants issued in private placements		3,248,184		$	1.65
Warrantes issued to placement agent		786,150		$	1.54
Warrants issued for consulting services		250,000		$	1.00
Warrants expired		(452,262	)	$	2.39
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		12,185,176		$	0.54
Warrants issued to placement agent		289,000		$	0.54
Warrants expired		(285,407	)	$	2.43
Outstanding, June 30, 2018		45,635,217		$	1.37		3.4

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

Significant assumptions for the warrants issued for the year ended June 30, 2018

used in both the Black-Scholes option pricing model and the Lattice model

were as follows:

Expected volatility	24% -96	%
Risk free interest rate	0.45% - 2.91	%
Warrant term (years)	0 - 7
Dividend yield	0	%

Significant assumptions for the warrants issued for the year ended June 30, 2017 were as follows:

Expected volatility	24-110	%
Risk free interest rate	0.45% - 2.35	%
Warrant term (years)	0-7
Dividend yield	0	%