v3.3.1.900
6. STOCKHOLDERS EQUITY
 3 Months Ended
Sep. 30, 2015
Equity [Abstract]  
6. STOCKHOLDERS' EQUITY

Common Stock

 

During the three months ended September 30, 2015, the Company did not issue any common stock.

 

During the three months ended September 30, 2015, the Company divested a portfolio of Internet marketing assets (“IM Sale”), including Market Pro Max, in two separate transactions with Marillion Partnership and Netbloo Media, Ltd. in exchange for return of a total of 16,743,681 shares of the Company’s common stock to the Company, see note 3 for further details on the divestiture.

 

Warrants

 

Information relating to outstanding warrants is as follows:

  Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contract Life (years)  
Outstanding warrants at 06/30/15     3,401,522     $    0.50     0.30  
Granted     -     -     -  
Exercised     -     -     -  
Forfeited/expired     2,554,205     0.50     -  
Outstanding warrants at 9/30/15     847,317     0.50     0.27  
                     
Exercisable on 9/30/15     847,317     0.50     0.27  

 

The aggregate intrinsic value of warrants outstanding and exercisable was $0 at September 30, 2015. Total intrinsic value of warrants exercised was $0 for the three months ended September 30, 2015 as no warrants were exercised during this period.