Quarterly report pursuant to Section 13 or 15(d)

Warrants

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Warrants
6 Months Ended
Dec. 31, 2018
Warrants  
Warrants
12. Warrants   The following is a summary of the Company's outstanding common stock purchase warrants.  Of the 500,000 warrants shown below at an exercise price of $.15, only 150,000 have vested as of the date of this filing.  These warrants were issued as compensation for a four-year advisory agreement.  Should the advisor complete the entire term of the engagement the remaining warrants will vest as follows; 150,000 warrants on July 24, 2019, another 150,000 on July 24, 2020, and the remaining 50,000 on July 24, 2021.
       
      The aggregate intrinsic value of the warrants as of December 31, 2018 is $3,720.

 

        Outstanding at                 Outstanding  
  Exercise Price     June 30,
2018
    Issued in
2019
    Expired     December 31,
2018
 
  $ 0.15       500,000       -       -       500,000  
  $ 0.20       105,000       -       -       105,000  
  $ 0.30       500,000       (400,000 )     -       100,000  
  $ 0.75       300,000       -       -       300,000  
            1,405,000       (400,000 )     -       1,005,000