Note 11 – Common Stock Options

Stock Incentive Plan

On June 21, 2016, we amended and restated our 2012 Stock Incentive Plan (the “2012 Plan”), which was originally adopted on March 5, 2012, and terminated on March 5, 2022. As amended, the 2012 Plan provided for the issuance of up to 11,500,000 shares of common stock pursuant to the grant of options or other awards, including stock grants, to employees, officers or directors of, and consultants to, the Company and its subsidiaries. Options granted under the 2012 Plan may either be intended to qualify as incentive stock options under the Internal Revenue Code of 1986, or may be non-qualified options, and are exercisable over periods not exceeding ten years from date of grant. 

Common Stock Option Issuances

There were no issuances of common stock options during the six months ended March 31, 2025.

Amortization of Stock-Based Compensation

A total of $0 and $1,153 of stock-based compensation expense was recognized during the six months ended March 31, 2025 and 2024, respectively, as a result of the vesting of common stock options issued in prior periods. As of March 31, 2025 no additional amounts of unamortized expense remains to be amortized over the vesting period.

The following is a summary of information about the stock options outstanding at March 31, 2025.

Summary of Common Stock Options Outstanding

The following is a summary of activity of outstanding common stock options:

Schedule of Activity of Outstanding Common Stock Options 

As of March 31, 2025, these options in the aggregate had $40,690 of intrinsic value for the outstanding and exercisable options, based on the per share market price of $0.025 of the Company’s common stock as of such date.