Stock Options

9 Months Ended

Mar. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Options

NOTE 6 – STOCK OPTIONS

Stock Options

A summary of stock options for the nine months ended March 31, 2018 is as follows:

	Number of		Weighted - Average
	Shares		Exercise Price
Outstanding at June 30, 2017		2,500,000	$	0.08
Granted		—		—
Forfeited		—		—
Outstanding at December 31, 2017		2,500,000	$	0.08
Exercisable at December 31, 2017		2,500,000	$	0.08

At March 31, 2018, the Company had 2,500,000 of options outstanding and exercisable. The options expire in February, 2020, and are exercisable at $0.08 per share. There were no options granted during the nine months ended March 31, 2018 and the Company recognized no stock-based compensation expense related to stock options during the three and nine months ended March 31, 2018 and 2017, respectively. As of March 31, 2018, there was no remaining unrecognized compensation costs related to stock options and no intrinsic value.

Additional information regarding options outstanding as of March 31, 2018 is as follows:

Options Outstanding at March 31, 2018						Options Exercisable at March 31, 2018
			Weighted
			Average		Weighted				Weighted
		Number of	Remaining		Average		Number of		Average
	Range of	Shares	Contractual Life		Exercise		Shares		Exercise
	Exercise	Outstanding	(Years)		Price		Exercisable		Price
$	0.08	2,500,000	1.92	$	0.08		2,500,000	$	0.08
		2,500,000					2,500,000