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Stock Based Compensation (Tables)
3 Months Ended
Sep. 30, 2021
Stock Based Compensation (Tables)  
Schedule of fair value of stock options granted

Expected option life (years)

 

2-4

 

Expected stock price volatility

 

227 to 258%

 

Expected dividend yield

 

 

-

 

Risk-free interest rate

 

0.44 to 0.54%

 

Stock option activity

 

 

Shares

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Price

 

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options:

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 1, 2021

 

 

13,594,259

 

 

$0.08

 

 

 

 

 

 

 

Granted

 

 

562,500

 

 

$0.13

 

 

 

 

 

 

 

Exercised, converted

 

 

-

 

 

$0.00

 

 

 

 

 

 

 

Forfeited / exchanged / modification

 

 

(542,027)

 

$0.07

 

 

 

 

 

 

 

Outstanding at September 30, 2021

 

 

13,614,732

 

 

$0.11

 

 

 

2.5

 

 

$-

 

Exercisable at September 30, 2021

 

 

7,471,867

 

 

$0.08

 

 

 

3.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of options available for grant at end of period

 

 

426,870

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of nonvested shares

Options

 

Shares

 

 

Weighted-Average Grant-Date Fair Value

 

Nonvested at July 1, 2021

 

 

12,130,179

 

 

$0.08

 

Granted

 

 

562,500

 

 

$0.13

 

Vested

 

 

(542,027)

 

$0.07

 

Forfeited

 

 

(955,733)

 

$0.08

 

Nonvested at September 30, 2021

 

 

11,194,920

 

 

$0.08

 

Summary of warrant outstanding

Warrants

 

Remaining

Number

Outstanding

 

 

Weighted

Average

Remaining

Life (Years)

 

 

Weighted

Average

Exercise

Price

 

Warrants - SEDA Financing

 

 

86,957

 

 

 

1.80

 

 

$1.15

 

Warrants - Issued with Convertible Notes

 

 

600,000

 

 

 

2.23

 

 

$0.75

 

Warrants - Securities Purchase Agreement

 

 

360,577

 

 

 

3.02

 

 

$0.78

 

Warrants A - Securities Purchase Agreement

 

 

28,072,364

 

 

 

3.02

 

 

$0.16

 

Total

 

 

29,119,898

 

 

 

 

 

 

 

 

 

Aggregate intrinsic value at September 30, 2021

 

$0