Stock Options And Warrants (Tables)

12 Months Ended

Jun. 30, 2017

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:

	Year ended June 30, 2017				Year ended June 30, 2016
			Weighted				Weighted
			average				average
			exercise				exercise
	Options		price		Options		price
Outstanding -beginning of year		123,000,000	$	0.013		91,000,000	$	0.005
Granted		—	$	—		35,000,000	$	0.013
Exercised		—	$	—		—	$	—
Forfeited		—	$	—		3,000,000	$	—
Outstanding - end of year		123,000,000	$	0.013		123,000,000	$	0.012
Exercisable at the end of year		94,095,890	$	0.012		57,429,224	$	0.012
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 June 30, 2017 was as follows:

				Weighted
				Average
		Number of		remaining
Exercise		options		contractual
prices		outstanding		life (years)
$	0.015		35,000,000		5.16
$	0.013		60,000,000		4.60
$	0.013		15,000,000		4.72
$	0.053		12,500,000		2.12
$	0.004		500,000		4.29
			123,000,000

Summary of Stock Warrants Activity

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

	Year End				Year End
	June 30, 2017				June 30, 2016
			Weighted					Weighted
			average					average
			exercise					exercise
	Options		price		Options			price
Outstanding -beginning of year		—	$	—		28,019,163		$	0.003
Granted		—	$	—		—		$	—
Exercised		—	$	—		(28,019,163	)	$	0.003
Forfeited		—	$	—		—		$	—
Outstanding - end of year		—	$	—		—		$	—