v3.19.3.a.u2

STOCK OPTIONS AND WARRANTS (Tables)

6 Months Ended

Dec. 31, 2019

Disclosure Text Block Supplement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

We estimated the fair value of the stock options above at the grant date based on the following weighted average assumptions:

Risk-free interest rate			2.010	%
Expected life			3.0	years
Expected volatility			114.38	%
Dividend yield			0.00	%

Share-based Payment Arrangement, Option, Activity [Table Text Block]

A summary of the status of our outstanding stock options as of December 31, 2019 and June 30, 2019 and changes during the periods then ended is presented below:

		December 31, 2019												June 30, 2019
						Weight Average				Intrinsic								Weight Average				Intrinsic
		Shares				Exercise Price				Value				Shares				Exercise Price				Value
Outstanding beginning of period			3,970,000			$	0.12								3,730,000			$	0.13
Granted			-			$	0.00								480,000			$	0.10
Expired/Cancelled			(1,100,000	)		$	(0.14	)							(240,000	)		$	(0.10	)
Exercised			-			$	0.00								-			$	0.00
Outstanding end of period			2,870,000			$	0.12			$	-				3,970,000			$	0.12			$	-
Exercisable			2,870,000			$	0.12			$	-				3,970,000			$	0.12			$	-

Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

				Outstanding												Exercisable
Range of Exercise Prices				Number Outstanding at December 31, 2019				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price				Number Exercisable at December 31, 2019				Weighted Average Remaining Contractual Life
$	0.08				150,000				1.92			$	0.08				150,000				1.92
$	0.10				1,920,000				1.19			$	0.10				1,920,000				1.19
$	0.17				800,000				1.42			$	0.17				800,000				1.42
					2,870,000												2,870,000

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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 for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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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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