Quarterly report pursuant to Section 13 or 15(d)

INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN

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INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN
 6 Months Ended
Dec. 31, 2024
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, 2024     250,000     $ 2.15       0.50          
Granted     -       -       -       -  
Exercised     (200,000 )     2.15       -       -  
Expired / Cancelled     -       -       -       -  
Outstanding and exercisable, December 31, 2024     50,000     $ 2.15       0.003     $ 23,500  

 

The aggregate intrinsic value at December 31, 2024 represents the difference between the Company’s closing stock price of $2.62 on December 31, 2024 and the exercise price of the in-the-money stock options.

 

The following table summarizes information about stock options outstanding and exercisable at December 31, 2024.

 

Exercise Price   Number Outstanding and Exercisable     Weighted Average Remaining Contractual Life     Weighted Average Exercise Price  
OPTIONS:                        
                         
$2.15     50,000       0.003     $ 2.15  
$2.15     50,000       0.003     $ 2.15  
Totals     50,000       0.003     $ 2.15