Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.19.1
Warrants
9 Months Ended
Mar. 31, 2019
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 March 31, 2019 is $332,250.

 

      Outstanding at                 Outstanding  
Exercise Price     June 30,
2018
    Exercised in
2019
    Expired     March 31,
2019
 
$ 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