iCoreConnect Inc. Annual report pursuant to Section 13 and 15(d)

4. COMMON STOCK AND PREFERRED STOCK (Tables)

12 Months Ended

Jun. 30, 2014

A summary of option activity for the year ended June 30, 2014 is presented below:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contracted Term in Years		Aggregate Intrinsic Value
Balance outstanding June 30, 2013		-		-		-	$	-
Granted		200,000,000	$	0.01
Exercised		-		-
Forfeited/expired		-		-
Balance outstanding June 30, 2014		200,000,000	$	0.01		2.8	$	-
Exercisable June 30, 2014		45,000,000	$	0.01		2.7	$	-

A summary of non-vested stock option activity for the year ended June 30, 2014 is presented below:

	Number of Options			Weighted Average Grant Date Fair Value		Weighted Average Remaining Years to Vest
Non-vested June 30, 2013		-			-		-
Granted		200,000,000		$	0.01
Vested		(45,000,000	)	$	0.01
Forfeited/expired		-			-
Non-vested June 30, 2014		155,000,000		$	0.01		2.8

	June 30, 2014					June 30, 2013
	Warrants			Weighted Average Exercise Price		Warrants			Weighted Average Exercise Price
Outstanding at beginning of the period		407,927,667		$	0.1840		97,616,000		$	0.2370
Issued		25,800,000		$	0.0123		316,375,000		$	0.0100
Exercised		-					-
Forfeited		-					-
Expired		(13,730,667	)	$	0.0504		(6,063,333	)	$	0.0600
Outstanding at end of the period		419,997,000		$	0.0736		407,927,667		$	0.1840