Stock Options

6 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Stock Options

NOTE 5 – STOCK OPTIONS

A summary of stock options as of December 31, 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 December 31, 2020		3,650,000	$	0.06
Exercisable at December 31, 2020		3,650,000	$	0.06

As of December 31, 2020, the Company had no outstanding unvested options with future compensation costs. At December 31, 2020, the outstanding and exercisable stock options had no intrinsic value. At June 30, 2020, the outstanding and exercisable stock options had an intrinsic value of $12,000.

Additional information regarding options outstanding as of December 31, 2020, is as follows:

Options Outstanding at December 31, 2020								Options Exercisable at December 31, 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		3.98	$	0.03		1,150,000	$	0.03
$	0.08		2,500,000		1.11	$	0.08		2,500,000	$	0.08
			3,650,000		2.01	$	0.06		3,650,000	$	0.06