Stock Options And Warrants (Tables)

6 Months Ended

Dec. 31, 2016

Stock Options And Warrants Tables

Summary of Fair Value Assumptions of Options

The fair value of options granted during the year ended June 30, 2016, was determined using the Black Scholes method with the following assumptions:

	Year Ended
	6/30/16
Risk free interest rate		6.00	%
Stock volatility factor		145
Weighted average expected option life		7 years
Expected dividend yield		none

Summary of Stock Option Activity

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

	Quarter ended December 31, 2016				Quarter ended December 31, 2015
			Weighted				Weighted
			average				average
			exercise				exercise
	Options		price		Options		price
Outstanding -beginning of period		123,000,000	$	0.013		91,000,000	$	0.012
Granted		—	$	—		35,000,000	$	0.015
Exercised		—	$	—		—	$	—
Forfeited		—	$	—		—	$	—
Outstanding - end of period		123,000,000	$	0.013		126,000,000	$	0.013
Exercisable at the end of the period		75,913,242	$	0.012		40,052,968	$	0.011
Weighted average fair value of
options granted during the year			$	—			$	525,000

Summary of Weighted Average Remaining Contractual Life of Options Outstanding

The weighted average remaining contractual life of options outstanding, as of December 31, 2016 was as follows:

				Weighted
				Average
		Number of		remaining
Exercise		options		contractual
prices		outstanding		life (years)
$	0.015		35,000,000		5.65
$	0.013		60,000,000		5.10
$	0.013		15,000,000		5.22
$	0.053		12,500,000		2.62
$	0.004		500,000		4.78
			123,000,000

Summary of Stock Warrants Activity

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

	Quarter Ended				Quarter Ended
	December 31, 2016				December 31, 2015
			Weighted				Weighted
			average				average
			exercise				exercise
	Options		price		Options		price
Outstanding - beginning of period		—	$	—		28,019,163	$	0.003
Granted		—	$	—		—	$	—
Exercised		—	$	—		—	$	—
Forfeited		—	$	—		—	$	—
Outstanding - end of period		—	$	—		28,019,163	$	0.003