| 6. | STOCK OPTIONS AND WARRANTS |
Options
Transactions involving our options are summarized
as follows:
| | |
| | |
| | |
Weighted | |
| | |
| | |
| | |
Average | |
| | |
| | |
Weighted | | |
Grant-Date | |
| | |
Number of | | |
Average | | |
Per Share | |
| | |
Options | | |
Exercise Price | | |
Fair Value | |
| Options outstanding at June 30, 2024 | |
| 266,894,499 | | |
$ | 0.011 | | |
$ | 0.011 | |
| Granted | |
| 275,000,000 | | |
$ | 0.017 | | |
$ | 0.013 | |
| Canceled/Expired | |
| (6,928,588 | ) | |
$ | 0.010 | | |
$ | 0.010 | |
| Exercised | |
| - | | |
$ | - | | |
$ | - | |
| Options outstanding at March 31, 2025 | |
| 534,965,911 | | |
$ | 0.014 | | |
$ | 0.012 | |
Details of our options outstanding as of March
31, 2025, is as follows:
| Options Exercisable | | | Weighted Average
Exercise Price of Options
Exercisable | | | Weighted Average
Contractual Life of Options
Exercisable (Years) | | | Weighted Average
Contractual Life of Options
Outstanding (Years) | | | | 256,215,911 | | | | 0.011 | | | | 1.61 | | | | 4.60 | |
Total stock compensation expense related to the
options for the nine months ended March 31, 2025 and 2024, was $600,484 and $1,173,002, respectively. As of March 31, 2025 there was approximately
$1.8 million of unrecognized compensation cost related to the options, which is expected to be recognized over a remaining weighted-average
vesting period of approximately 1.16 years. Warrants
Transactions involving our warrants are summarized
as follows:
| | |
| | |
Weighted | |
| | |
Number of | | |
Average | |
| | |
Warrants | | |
Exercise Price | |
| Warrants outstanding at June 30, 2024 | |
| 78,095,239 | | |
$ | 0.121 | |
| Issued | |
| - | | |
$ | - | |
| Canceled/Expired | |
| - | | |
$ | - | |
| Exercised | |
| - | | |
$ | - | |
| Warrants outstanding at March 31, 2025 | |
| 78,095,239 | | |
$ | 0.121 | |
Details of our warrants outstanding as of March
31, 2025, is as follows:
| Warrants Exercisable | | | Weighted Average
Contractual Life of Warrants
Outstanding and Exercisable
(Years) | | | | 78,095,239 | | | | 0.92 | |
|