Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.19.3
Warrants
3 Months Ended
Sep. 30, 2019
Warrants [Abstract]  
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 300,000 have vested as of the date of this filing.  These warrants were issued as compensation for a four-year advisory agreement.  150,000 warrants vested on July 24, 2018, another 150,000 on July 24, 2019, another would vest 150,000 on July 24, 2020, and the remaining 50,000 on July 24, 2021, should advisor complete the term of his engagement.
       
      The aggregate intrinsic value of the warrants as of September 30, 2019 is $128,294.

 

      Outstanding at                 Outstanding  
Exercise Price     June 30,
2019
    Exercised in
2019
    Expired     September 30,
2019
 
$ 0.15       500,000       -       -       500,000  
$ 0.20       105,000       -       -       105,000  
$ 0.30       100,000       -       -       100,000  
$ 0.40       150,000                       150,000  
$ 0.75       300,000       -       -       300,000  
          1,155,000       -       -       1,155,000