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 nine months ended June 30, 2026.

Amortization of Stock-Based Compensation

A total of $16,731 and $5,760 of stock-based compensation expense was recognized during the nine months ended June 30, 2026 and 2025, respectively, as a result of the vesting of common stock options issued in prior periods. As of June 30, 2026 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 June 30, 2026.

 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 June 30, 2026, these options in the aggregate had $15,540 of intrinsic value for the outstanding and exercisable options, based on the per share market price of $0.013 of the Company’s common stock as of such date was greater than the weighted-average exercise price of some of these options.