Stock Options And Warrants (Tables)

3 Months Ended

Sep. 30, 2017

Stock Options And Warrants Tables

Summary of Fair Value Assumptions of Options

The fair value of options granted during the quarter ended September 30, 2017, was determined using the Black Scholes method with the following assumptions:

	Quarter Ended
	September 30, 2017
Risk free interest rate		5.00	%
Stock volatility factor		397	%
Weighted average expected option life		5 years
Expected dividend yield		none

Summary of Stock Option Activity

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

	Three Months ended September 30, 2017				Three Months ended September 30, 2016
			Weighted				Weighted
			average				average
			exercise				exercise
	Options		price		Options		price
Outstanding -beginning of period		123,000,000	$	0.013		123,000,000	$	0.013
Granted		11,800,000	$	0.016		—	$	—
Exercised		—	$	—		—	$	—
Forfeited		—	$	—		—	$	—
Outstanding - end of period		134,800,000	$	0.013		123,000,000	$	0.013
Exercisable at the end of the period		103,905,571	$	0.013		66,671,233	$	0.012
Weighted average fair value of
options granted during the year			$	190,000			$	—

Summary of Weighted Average Remaining Contractual Life of Options Outstanding

The weighted average remaining contractual life of options outstanding, as of September 30, 2017 was as follows:

				Weighted
				Average
		Number of		remaining
Exercise		options		contractual
prices		outstanding		life (years)
$	0.050		1,800,000		4.97
$	0.015		35,000,000		4.90
$	0.013		60,000,000		4.35
$	0.013		15,000,000		4.47
$	0.010		10,000,000		4.84
$	0.053		12,500,000		1.87
$	0.004		500,000		4.04
			134,800,000