Quarterly report [Sections 13 or 15(d)]

INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN

v3.25.3
INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN
3 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN

NOTE 14 – INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN

 

Common stock purchase options consisted of the following:

 

OPTIONS:

 

    # of shares    

Weighted Average

Exercise Price

   

Weighted Average

Remaining

Contractual

Life (in years)

   

Aggregated

Intrinsic Value

 
                         
Outstanding and exercisable, June 30, 2025     50,000     $           2.94       1.89       -  
Granted     -       -       -          
Exercised     -       -       -          
Expired / Cancelled     -       -       -          
Outstanding and exercisable, September 30, 2025     50,000     $ 2.94       1.64     $ 90,500  

 

The aggregate intrinsic value at September 30, 2025 represents the difference between the Company’s closing stock price of $4.75 on September 30, 2025 and the exercise price of the in-the-money stock options.

 

The following table summarizes information about stock options outstanding and exercisable at September 30, 2025.

 

Exercise Price  

Number

Outstanding

and

Exercisable

   

Weighted Average

Remaining

Contractual Life

   

Weighted Average

Exercise Price

 
OPTIONS:                                         
                         
$2.94     50,000       1.64     $ 2.94  
Totals     50,000       1.64     $ 2.94