Warrants and Options	6 Months Ended
Dec. 31, 2013
Warrants and Options
Warrants and Options	NOTE 6- Warrants and Options Warrants The Company issued 32,500 warrants on September 6, 2013 and will expire on September 6, 2016. The warrants have an exercise price of $.05. Due to the value of the warrants versus the overall capital structure, the Company did not allocate any value to the issuance of the warrants. Stock Options On October 24, 2013, the Company created the 2013 Equity Incentive Plan (the “Plan.”) The aggregate number of shares of Common stock that may be issued under the Plan shall not exceed five million (5,000,000) shares. Please see our Form 8-K filed on October 25, 2013 for further detail.

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References+ Details