NOTE 8 - STOCK-BASED COMPENSATION |
12 Months Ended |
|---|---|
Jun. 30, 2022 | |
| Notes | |
| NOTE 8 - STOCK-BASED COMPENSATION | NOTE 8 – STOCK-BASED COMPENSATION
The Company has applied the disclosure provisions of ASC 718 for the years ended June 30, 2022 and 2021. There were no common shares or stock options outstanding, issued or granted to employees during these reporting periods.
On April 28, 2004, the Company adopted the 2004 Employee Stock Incentive Plan (“the Plan”). Under the terms of this plan the Board was authorized to issue up to 1,000,000 shares of common stock to certain eligible employees of the Company or its subsidiaries. All of these shares were issued pursuant to the plan prior to June 30, 2007. On September 22, 2008 the Company adopted the 2008 Amended and Restated Long-Term Equity Incentive Plan, whereby the Board was authorized to issue up to 10,000,000 shares of common stock (including incentive stock options) to certain eligible employees, directors, and/or consultants of the Company or its subsidiaries. During the years ended June 30, 2022 and 2021, respectively, the Company issued no shares pursuant to this Plan. All shares available under the 2008 Long-Term Equity Incentive Plan had been issued as of June 30, 2022. |