Stock Options

9 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Stock Options

NOTE 6 – STOCK OPTIONS

A summary of stock options as of March 31, 2021 is as follows:

	Number of Shares		Weighted Average Exercise Price
Outstanding at June 30, 2020		3,650,000	$	0.06
Granted		—		—
Forfeited		—	$	—
Outstanding at March 31, 2021		3,650,000	$	0.06
Exercisable at March 31, 2021		3,650,000	$	0.06

As of March 31, 2021, the Company had no outstanding unvested options with future compensation costs. At March 31, 2021, the outstanding and exercisable stock options had an intrinsic value of $35,000. At June 30, 2020, the outstanding and exercisable stock options had an intrinsic value of $12,000.

Additional information regarding options outstanding as of March 31, 2021, is as follows:

Options Outstanding at March 31, 2021								Options Exercisable at March 31, 2021
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		3.73	$	0.03		1,150,000	$	0.03
$	0.08		2,500,000		0.86	$	0.08		2,500,000	$	0.08
			3,650,000		1.76	$	0.06		3,650,000	$	0.06