Stockholders' Equity (Tables)

6 Months Ended

Dec. 31, 2019

Stockholders Equity

Summary of Option Activity

	Number of Shares Underlying Outstanding Options			Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price		Intrinsic Value
Options outstanding as of June 30, 2019		4,050,000		2.3 years	$	.02	$	13,500
Granted		300,000		4.7 years		.03		—
Exercised		—		-		—		—
Forfeited or expired		(150,000	)	1.0 years		.03		—
Options outstanding as of December 31, 2019		4,200,000		2.0 years		.02	$	13,500
Options exercisable as of December 31, 2019		2,825,000		1.5 years		.02	$	13,500

Assumptions

	Six Months  Ended December 31, 2019	Six Months  Ended December 31, 2018
Exercise Price:	$.02 - $.03	$.046
Volatility:	405% - 407%	391%
Risk Free Rate:	1.6% - 1.81%	2.7%
Vesting Period:	4 years	4 years
Forfeiture Rate:	0%	0%
Expected Life	4.1 years	4.1 years
Dividend Rate	0%	0%

Outstanding stock options

			Outstanding Options						Exercisable Options
Exercise Prices			Number of Shares		Remaining Life  (Years)		Weighted Average  Price		Number of Shares			Weighted Average  Price
	$	.01 to .03		3,800,000		1.9	$	.02		2,650,000	$	.02
	$	.034 to .05		400,000		2.7	$	.05		175,000	$	.04
Total stock options				4,200,000		2.0	$	.02		2,825,000	$	.02

Stock option compensation expense

	Three Months  Ended December 31,				Six Months  Ended December 31,
	2019		2018		2019		2018
	(in thousands)
Cost of Goods Sold	$	—	$	—	$	—	$	—
Other Selling and Marketing		1		1		2		2
General and Administrative		5		5		9		10
Total Stock-based Compensation Expense	$	6	$	6	$	11	$	12

Common Stock for issuance

	December 31,
	2019
Shares of common stock reserved for issuance under the 2009 Stock Option Plan		100,000
Shares of common stock reserved for issuance under the 2015 Stock Option Plan		5,000,000
Shares of common stock issuable upon conversion of the Preferred Stock		4,300,000
Total shares of common stock equivalents		9,400,000