Stock Options

3 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Stock Options

NOTE 5 – STOCK OPTIONS

A summary of stock options as of September 30, 2020 is as follows:

	Number of Shares		Weighted Average Exercise Price
Outstanding at June 30, 2020		3,650,000	$	0.06
Granted		—		—
Forfeited		—	$	—
Outstanding at September 30, 2020		3,650,000	$	0.06
Exercisable at September 30, 2020		3,650,000	$	0.06

As of September 30, 2020, the Company had no outstanding unvested options with future compensation costs. At September 30, 2020 and June 30, 2020, the outstanding and exercisable stock options had an intrinsic value of $12,000 and $12,000, respectively.

Additional information regarding options outstanding as of September 30, 2020, is as follows:

Options Outstanding at September 30, 2020								Options Exercisable at September 30, 2020
Range of Exercise Price		Number of Shares Outstanding		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Number of Shares Exercisable		Weighted Average Exercise Price
$	0.03		1,150,000		4.23	$	0.03		1,150,000	$	0.03
$	0.08		2,500,000		1.36	$	0.08		2,500,000	$	0.08
			3,650,000						3,650,000