STOCK OPTIONS

12 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

STOCK OPTIONS

NOTE 7 – STOCK OPTIONS

A summary of stock options as of June 30, 2022 and for the two years then ended is as follows:

	Number of Shares			Weighted - Average Exercise Price
Outstanding at June 30, 2020		3,650,000		$	0.08
Granted		—			—
Forfeited		(250,000	)	$	(0.03	)
Outstanding at June 30, 2021		3,400,000		$	0.07
Granted		—			—
Forfeited		(2,500,000	)	$	(0.08	)
Outstanding at June 30, 2022		900,000		$	0.03
Exercisable at June 30, 2022		900,000		$	0.03

As of June 30, 2022, the Company had no outstanding unvested options with future compensation costs. The outstanding and exercisable stock options had an intrinsic value of $0 and $18,000, on June 30, 2022, and June 30, 2021, respectively.

Additional information regarding options outstanding as of June 30, 2022, is as follows:

Options Outstanding and Exercisable at June 30, 2022
Range of Exercise Price		Number of Shares Outstanding		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
$	0.03		900,000		2.48	$	0.03