Note 5 – Stockholders’ Equity Stock Options Transactions in stock options for the three months ended September 30, 2025 are as follows: | | Number of options | | | Weighted average exercise price | | | Weighted average remaining life (in years) | | Outstanding, June 30, 2025 | | | 322,600 | | | $ | 0.98 | | | | 1.81 | | Granted | | | - | | | | - | | | | - | | Cancelled | | | - | | | | - | | | | - | | Exercised | | | - | | | | - | | | | - | | Exercisable, September 30, 2025 | | | 322,600 | | | | 0.98 | | | | 1.56 | |
During the three months ended September 30, 2025, the Company had not granted any stock options. And all stock options were vested at the fiscal year end June 30, 2023. At September 30, 2025, the intrinsic value of the outstanding options was $0. Stock to be Issued | · | On September 30, 2025, the Company’s board of directors granted current Chief Executive Officer, Corby Marshall 500,000 shares of the Company’s common stock to settle outstanding accounts payable, amounting to $50,000. As of the date of this report, these shares have not yet been issued. | | | | | · | On September 30, 2025, the Company’s board of directors granted former Chief Financial Officer, Chris Mulgrew 600,000 shares of the Company’s common stock to settle outstanding accounts payable, amounting to $60,000. As of the date of this report, these shares have not yet been issued. | | | | | · | A total of 500,000 shares of common stock valued at $50,000 are to be issued to Christian Schjolberg, and Peter Herzogand as consideration for intellectual property assigned by them to Rift Cyber LLC. As of the date of this report, these shares have not yet been issued (see note 7). | | | |
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