Note 5 - Stockholders' Deficit (Tables)

11 Months Ended

May 31, 2013

Fair Value Weighted Average Assumptions for Option Grants

	June 30, 2008
Expected option life (year)		5
Expected volatility		85.000	%
Risk-free interest rate		3.375	%
Dividend yield		0.000	%

Stock Option Activity

	Number of Option Shares			Exercise Price Range Per Share			Weighted Average Exercise Price			Fair Value at Date of Grant		Aggregate Intrinsic Value

Balance, June 30, 2007		-			$	-		$	-		-		$	-

Granted		85,000				0.25			0.25		4,250			-
Canceled		-				-			-					-
Exercised		-				-			-					-
Expired		-				-			-					-
Balance, June 30, 2008		85,000				0.25			0.25		4,250			-

Granted		-				-			-					-
Canceled		(15,000	)			0.25			0.25		-			-
Exercised		-				-			-					-
Expired		-				-			-					-
Balance, June 30, 2009		70,000				0.25			0.25		4,250			-

Granted		-				-			-					-
Canceled		-				-			-		-			-
Exercised		-				-			-					-
Expired		-				-			-					-
Balance, June 30, 2010		70,000				0.25			0.25		4,250			-

Granted		-				-			-		-			-
Canceled		-				-			-		-			-
Exercised		-				-			-		-			-
Expired		-				-			-		-			-
Balance, June 30, 2011		70,000				0.25			0.25		4250			-

Granted		-				-			-		-			-
Canceled		-				-			-		-			-
Exercised		-				-			-		-			-
Expired		-				-			-		-			-
Balance, June 30, 2012		70,000				0.25			0.25		4,250			-

Granted		-				-			-		-			-
Canceled		-				-			-		-			-
Exercised		-				-			-		-			-
Expired		-				-			-		-			-
Balance, May 31, 2013		70,000				0.25			0.25		4,250			-

Granted		-				-			-		-			-
Canceled		-				-			-		-			-
Exercised		-				-			-		-			-
Expired		70,000				0.25			0.25		4,250			-
Balance, August 31, 2013		-				-					-			-


Vested and exercisable, August 31, 2013		-			$	-		$	-		-		$	-

Unvested, August 31, 2013		-			$	-		$	-		-		$	-

Fair Value Assumptions for Warrant Grants

	November 25, 2008
Expected option life (year)	3
Expected volatility	163.00	%
Risk-free interest rate	3.34	%
Dividend yield	0.00	%

	September 30, 2011
Expected option life (year)		3
Expected volatility		100.00	%
Risk-free interest rate		0.42	%
Dividend yield		0.00	%

Warrant Activity

	Number of Warrant Shares		Exercise Price Range Per Share			Weighted Average Exercise Price			Fair Value at Date of Issuance		Aggregate Intrinsic Value

Balance, June 30, 2008		-		$	-		$	-	$	-		$	-

Granted		27,000			1.00			1.00		5,940			-
Canceled		-			-			-		-			-
Exercised		-			-			-		-			-
Expired		-			-			-		-			-
Balance, June 30, 2009		27,000			1.00			1.00		5,940			-

Granted		-			-			-		-			-
Canceled		-			-			-		-			-
Exercised		-			-			-		-			-
Expired		-			-			-		-			-
Balance, June 30, 2010		27,000			1.00			1.00		5,940			-

Granted		-			-			-		-			-
Canceled		-			-			-		-			-
Exercised		-			-			-		-				-
Expired		-			-			-		-				-
Balance, June 30, 2011		27,000			1.00			1.00		5940			-

Granted		919,700			0.01			0.01		36,788			-
Canceled		-			-			-		-			-
Exercised		-			-			-		-			-
Expired		(27,000)			1.00			1.00		(5,940)			-
Balance, June 30, 2012		919,700		$	0.01		$	0.01	$	36,788		$	-

Granted		-			-			-		-			-
Canceled		-			-			-		-			-
Exercised		-			-			-		-			-
Expired		-			-			-		-			-
Balance, May 31, 2013		919,700		$	0.01		$	0.01	$	36,788		$	-

Granted		-			-			-		-			-
Canceled		-			-			-		-			-
Exercised		-			-			-		-			-
Expired		-			-			-		-			-
Balance, August 31, 2013		919,700		$	0.01		$	0.01	$	36,788		$	-

Earned and exercisable, August 31, 2013		919,700		$	0.01		$	0.01	$	36,788		$	-

Unvested, August 31, 2013		-		$	0.01		$	0.01	$	-		$	-

Schedule Of Warrants Outstanding and Exercisable

	Warrants Outstanding						Warrants Exercisable
Range of Exercise Prices	Number Outstanding		Average Remaining Contractual Life (in years)		Weighted Average Exercise Price		Number Exercisable		Average Remaining Contractual Life (in years)		Weighted Average Exercise Price
$0.01		919,700		1.08	$	0.01		919,700		1.08	$	0.01

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References+ Details

Hydrodynex, Inc. 10-Q/A