v3.5.0.2

2. STOCK-BASED COMPENSATION AND WARRANTS (Tables)

12 Months Ended

Jun. 30, 2016

Equity [Abstract]

Assumptions for awards of options granted

	Awards Granted in the Year Ended
Assumption	June 30, 2015
Dividend yield	0%
Expected volatility	62%
Risk-free interest rate	2%
Expected life of options (in years)	3.75
Weighted average grant-date Black Scholes calculated fair value	$0.18

Stock option activity

								Weighted  Average
						Weighted Average		Remaining			Aggregate			Aggregate
			Number of			Exercise Price		Contractual			Fair			Instrinsic
			Options			Per Share		Term (1)			Value (3)			Value (2)
Outstanding July 1, 2014			823,400		$	0.63		3.35		$	212,600		$	-
Granted			390,000			0.50		4.35			69,500			-
Exercised			-			-		-			-			-
Forfeited, expired or cancelled			(10,200)			1.50		-			(6,300)			-
Outstanding June 30, 2015			1,203,200		$	0.58		3.03		$	275,800		$	-
Exercisable June 30, 2015			1,047,200		$	0.59		2.83		$	248,100		$	-
Outstanding July 1, 2015			1,203,200		$	0.58		3.03		$	275,800		$	-
Granted			-			-		-			-			-
Exercised			-			-		-			-			-
Forfeited, expired or cancelled			(3,200)			1.50		-			(2,300)			-
Outstanding June 30, 2016			1,200,000		$	0.58		2.03		$	273,500		$	-
Exercisable June 30, 2016			1,200,000		$	0.58		2.03		$	273,500		$	-

 (1) Remaining contractual term presented in years.

 (2) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards 

       and the closing price of the Company's common stock as of June 30, 2016 and 2015, for those awards that have an 

       exercise price currently below the closing price as of June 30, 2016 and 2015 of $0.22 and $0.28, respectively.

 (3) Aggregate Fair Value is calculated using the Black Scholes option pricing model to estimate the initial fair value of

       stock-based compensation.

Option expiration dates

Calendar Year		Number of			Weighted Average
of Expiration		Shares			Exercise Price
2017		385,000		$	0.75
2018		425,000			0.50
2019		390,000			0.50
		1,200,000		$	0.58

Options by exercise price

		Options Outstanding & Exercisable
				Weighted Avg.		Weighted
		Number		Remaining		Average
Exercise		of		Contractual		Exercise
Price		Shares		Life (in years)		Price
$0.50		815,000		2.63		$0.50
$0.75		385,000		0.78		$0.75
Totals		1,200,000		2.03		$0.58

Stock option summary

Alanco Stock Option Summary (1)
as of June 30, 2016
			Options	Issued and	Options	Options	Balance	Exercise
Plan		Authorized	Granted	Exercised	Cancelled	Outstanding	to Issue (6)	Price Range (5)
2002	(2)	75,000	156,000	27,000	94,200	34,800	--	$0.75
2002 D&O	(3)	25,000	40,800	5,200	16,600	19,000	--	$0.75
2004	(2)	100,000	188,500	67,600	88,500	32,400	--	$0.75
2004 D&O	(3)	50,000	83,100	13,200	36,300	33,600	--	$0.75
2005	(2)	150,000	310,108	81,971	160,108	68,029	--	$0.50 - $0.75
2005 D&O	(3)	50,000	142,000	4,000	92,000	46,000	--	$0.50
2006	(2)	375,000	851,769	82,003	476,769	292,997	--	$0.50 - $0.75
2006 D&O	(3)	125,000	261,924	23,750	136,924	101,250	--	$0.50
2011	(4)	750,000	777,948	291,024	30,000	456,924	2,052	$0.50 - $0.75
2014	(7)	500,000	115,000	-	-	115,000	385,000	$0.50
Totals		2,200,000	2,927,149	595,748	1,131,401	1,200,000	387,052
(1)  Only includes plans with options currently outstanding or having a balance available to issue.
(2)  Employee Incentive Stock Option Plan.
(3)  Directors and Officers Stock Option Plan.
(4)  Employee Incentive Stock Option Plan which permits granting of stock or stock options.  Grants include 291,000
Common Shares issued under the plan as payment of deferred employee compensation.
(5)  Range of exercise prices for outstanding options only.
(6)  Any options not issued under the 2002, 2002 D&O, 2004, 2004 D&O, 2005, 2005 D&O, 2006, and
2006 D&O Plans are no longer available for issue as those plans were 10 year plans and have expired.
(7)  Stock Incentive Plan which permits granting of stock options and awards.  All grants are stock options.

Warrant activity

			Warrants Outstanding				Warrants Exercisable
					Weighted				Weighted
			Number of		Average		Number of		Average
			Shares		Exercise Price		Shares		Exercise Price
Warrants Outstanding, June 30, 2015			-	$	-		-	$	-
	Granted		140,000		0.75		20,000		0.75
	Exercised		-		-		-		-
	Canceled/Expired		-		-		-		-
Warrants Outstanding, June 30, 2016			140,000	$	0.75		20,000	$	0.75

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Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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