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Stock Options
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Stock Options

NOTE 4 – STOCK OPTIONS

 

A summary of stock options as of September 30, 2018 and for the two years then ended is as follows:

 

    Number of Shares   Weighted - Average Exercise Price
Outstanding at June 30, 2018     2,500,000     $ 0.08  
Granted     —         —    
Forfeited     —       $ —    
Outstanding at September 30, 2018     2,500,000     $ 0.08  
Exercisable at September 30, 2018     2,500,000     $ 0.08  

 

At September 30, 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 three months ended September 30, 2018 and the Company recognized no stock-based compensation expense related to stock options during the three months ended September 30, 2018 and 2017, respectively. As of September 30, 2018, there was no remaining unrecognized compensation costs related to stock options and no intrinsic value.

 

Additional information regarding options outstanding as of September 30, 2018 is as follows:

 

Options Outstanding at

September 30, 2018

 

Options Exercisable at

September 30, 2018

Range of Exercise   Number of Shares Outstanding   Weighted Average Remaining Contractual Life (Years)   Weighted Average Exercise Price   Number of Shares Exercisable   Weighted Average Exercise Price
$ 0.08       2,500,000       1.39     $ 0.08       2,500,000     $ 0.08  
          2,500,000                       2,500,000          

 

The weighted-average remaining contractual life of stock options outstanding and exercisable at September 30, 2018 is 1.39 years.

NOTE 4 – STOCK OPTIONS

 

A summary of stock options as of September 30, 2018 and for the two years then ended is as follows:

 

    Number of Shares   Weighted - Average Exercise Price
Outstanding at June 30, 2018     2,500,000     $ 0.08  
Granted     —         —    
Forfeited     —       $ —    
Outstanding at September 30, 2018     2,500,000     $ 0.08  
Exercisable at September 30, 2018     2,500,000     $ 0.08  

 

At September 30, 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 three months ended September 30, 2018 and the Company recognized no stock-based compensation expense related to stock options during the three months ended September 30, 2018 and 2017, respectively. As of September 30, 2018, there was no remaining unrecognized compensation costs related to stock options and no intrinsic value.

 

Additional information regarding options outstanding as of September 30, 2018 is as follows:

 

Options Outstanding at

September 30, 2018

 

Options Exercisable at

September 30, 2018

Range of Exercise   Number of Shares Outstanding   Weighted Average Remaining Contractual Life (Years)   Weighted Average Exercise Price   Number of Shares Exercisable   Weighted Average Exercise Price
$ 0.08       2,500,000       1.39     $ 0.08       2,500,000     $ 0.08  
          2,500,000                       2,500,000          

 

The weighted-average remaining contractual life of stock options outstanding and exercisable at September 30, 2018 is 1.39 years.