A summary of the Company’s warrant activity and related information follows:
| Year End | Year End | |||||||||||||||
| June 30, 2013 | June 30, 2012 | |||||||||||||||
| Weighted | Weighted | |||||||||||||||
| average | average | |||||||||||||||
| exercise | exercise | |||||||||||||||
| Options | price | Options | price | |||||||||||||
| Outstanding -beginning of year | 28,019,163 | $ | 0.003 | 28,019,163 | $ | 0.003 | ||||||||||
| Granted | — | — | — | — | ||||||||||||
| Exercised | — | — | — | — | ||||||||||||
| Forfeited | — | — | — | — | ||||||||||||
| Outstanding - end of year | 28,019,163 | $ | 0.003 | 28,019,163 | $ | 0.003 | ||||||||||