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Stock Options And Warrants (Tables)

3 Months Ended

Sep. 30, 2014

Stock Options And Warrants Tables

Summary of Weighted Average Remaining Contractual Life of Options Outstanding

The weighted average remaining contractual life of options outstanding as of September 30, 2014 was as follows:

								Weighted
								Average
				Number of				remaining
Exercise				options				contractual
prices				outstanding				life (years)
$	0.005				12,500,000				4.87
$	0.004				500,000				7.04
					13,000,000

Summary of Stock Option Activity

A summary of the Company’s stock option activity and related information follows:

		Quarter ended September 30, 2014
						Weighted
						average
						exercise
		Options				price
Outstanding -beginning of period			13,000,000			$	0.005
Granted			—			$	—
Exercised			—			$	—
Forfeited			—			$	0.005
Outstanding - end of period			13,000,000			$	0.005
Exercisable at the end of the period			9,252,511			$	0.005
Weighted average fair value of
options granted during the year						$	—

Summary of Stock Warrants Activity

A summary of the Company’s warrant activity and related information follows:

			Quarter Ended
			September 30, 2014
											Weighted
							Weighted				Average
							average				remaining
							exercise				contractual
			Warrants				price				life (years)
Outstanding / exercisable -beginning of period				28,019,163			$	0.003
Granted				—				—
Exercised				—				—
Forfeited				—				—
Outstanding / exercisable - end of period				28,019,163			$	0.003				1.52

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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