Stock Options And Warrants (Tables)

9 Months Ended

Mar. 31, 2016

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 March 31, 2016 was as follows:

				Weighted
				Average
		Number of		remaining
Exercise		options		contractual
prices		outstanding		life (years)
$	0.015		35,000,000		6.41
$	0.013		63,000,000		6.06
$	0.013		15,000,000		5.97
$	0.053		12,500,000		3.37
$	0.004		500,000		5.54
			126,000,000

Summary of Stock Option Activity

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

	Period ended March 31, 2016
			Weighted
			average
			exercise
	Options		price
Outstanding -beginning of period		91,000,000	$	0.012
Granted		35,000,000	$	0.015
Exercised		—		—
Forfeited		—		—
Outstanding - end of period		126,000,000	$	0.013
Exercisable at the end of period		49,235,616	$	0.011
Weighted average fair value of
options granted during the year			$	525,000

Summary of Stock Warrants

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

	Period ended March 31, 2016
			Weighted
			average
			exercise
	Warrants		price
Outstanding -beginning of period		28,019,163	$	0.003
Granted		—	$	—
Exercised		—	$	—
Forfeited		—	$	—
Outstanding and exercisable - end of period		28,019,163	$	0.003

Summary of Weighted Average Remaining Contractual Life of Warrants Outstanding

The weighted average remaining contractual life of warrants outstanding as of March 31, 2016 was as follows:

				Weighted
				Average
		Number of		remaining
Exercise		options		contractual
prices		outstanding		life (years)
$	0.003		28,019,163		0.27