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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables) | 12 Months Ended
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Jun. 30, 2024
Compensatory Equity Incentive Plan and Other Equity Incentives |
Schedule of share based compensation award plans |
Equity Compensation Arrangement |  | Award Shares Authorized |  |  | Outstanding at June 30, 2024 |  |  | Available for Issuance at June 30, 2024 |
SICP (or Omnibus Plan) |  |  | 7,215,625 |  |  |  | 1,965,361 |  |  |  | 863,305 |
2014 ESPP |  |  | 400,000 |  |  |  | - |  |  |  | 213,473 |
|  |  | 7,615,625 |  |  |  | 1,965,361 |  |  |  | 1,076,778 |
Schedule of stock options fair value assumptions |
|  | Year Ended June 30, 2024 |
Weighted-average expected volatility |  |  | 74.0 | %
Dividend yields |  |  | 0 | %
Weighted-average risk-free interest rate |  |  | 3.98 | %
Weighted-average expected term, in years |  |  | 7.49 |
Schedule of share-based payment awards activity |
|  | Stock Options |  |  | Restricted Stock Units (RSUs) |  |  | Restricted Stock Awards (RSAs) |
|  |  |  |  | Weighted- |  |  | Weighted- |  |  |  |  |  | Weighted- |  |  |  |  |  | Weighted- |
|  |  |  |  | Average |  |  | Average |  |  |  |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Exercise |  |  | Remaining |  |  |  |  |  | Remaining |  |  |  |  |  | Remaining |
|  | Shares |  |  | Price |  |  | Contract |  |  | Shares |  |  | Contract |  |  | Shares |  |  | Contract |
June 30, 2022 |  |  | 534,462 |  |  | $ | 2.03 |  |  |  | 7.0 |  |  |  | 2,079,669 |  |  |  | 0.9 |  |  |  | - |  |  |  |
Granted |  |  | - |  |  | $ | - |  |  |  |  |  |  |  | 611,386 |  |  |  |  |  |  |  | 246,942 |  |  |  |
Exercised |  |  | - |  |  | $ | - |  |  |  |  |  |  |  | (1,068,291 | ) |  |  |  |  |  |  | (145,209 | ) |  |  |
Cancelled/Forfeited |  |  | - |  |  | $ | - |  |  |  |  |  |  |  | (26,542 | ) |  |  |  |  |  |  | - |  |  |  |
June 30, 2023 |  |  | 534,462 |  |  | $ | 2.03 |  |  |  | 6.1 |  |  |  | 1,596,222 |  |  |  | 1.1 |  |  |  | 101,733 |  |  |  | 0.7 |
Granted |  |  | 28,736 |  |  | $ | 1.74 |  |  |  |  |  |  |  | 543,305 |  |  |  |  |  |  |  | 270,070 |  |  |  |  |
Exercised |  |  | (3,000 | ) |  | $ | 1.38 |  |  |  |  |  |  |  | (843,246 | ) |  |  |  |  |  |  | (191,007 | ) |  |  |  |
Cancelled/Forfeited |  |  | (6,509 | ) |  | $ | 1.45 |  |  |  |  |  |  |  | (46,149 | ) |  |  |  |  |  |  | (19,256 | ) |  |  |  |
June 30, 2024 |  |  | 553,689 |  |  | $ | 2.02 |  |  |  | 5.4 |  |  |  | 1,250,132 |  |  |  | 0.8 |  |  |  | 161,540 |  |  |  | 1.5 |
Awards exercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
vested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2024 |  |  | 506,203 |  |  | $ | 2.00 |  |  |  | 5.1 |  |  |  | 587,351 |  |  |  | - |  |  |  | - |  |  |  |  |
Awards unexercisable/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
unvested as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2024 |  |  | 47,486 |  |  | $ | 2.25 |  |  |  | 8.6 |  |  |  | 662,781 |  |  |  | 0.8 |  |  |  | 161,540 |  |  |  | 1.5 |
|  |  | 553,689 |  |  |  |  |  |  |  |  |  |  |  | 1,250,132 |  |  |  |  |  |  |  | 161,540 |  |  |  |  |
Schedule of share-based payment awards exercised and vested |
|  | Year Ended June 30, |
|  | 2024 |  |  | 2023 |
Intrinsic Value - Exercised |  |  |  |  |  |
Stock Options |  | $ | 720 |  |  | $ | - |
RSUs |  |  | 1,051,976 |  |  |  | 1,648,874 |
RSAs |  |  | 243,231 |  |  |  | 190,720 |
Fair Value - Vested |  |  |  |  |  |  |  |
Stock Options |  | $ | 124,744 |  |  | $ | 6,500 |
RSUs |  |  | 660,449 |  |  |  | 793,880 |
RSAs |  |  | 243,223 |  |  |  | 189,473 |
|  | As of June 30, |
|  | 2024 |  |  | 2023 |
Stock Options |  | $ | - |  |  | $ | 2,430 |
RSUs |  |  | 740,062 |  |  |  | 1,267,403 |
Schedule of share-based compensation future cost to be recognized |
Fiscal Year Ending: |  | Stock Options |  |  | RSAs |  |  | RSUs |  |  | Total |
June 30, 2025 |  | $ | 36,437 |  |  | $ | 99,745 |  |  | $ | 405,007 |  |  | $ | 541,189 |
June 30, 2026 |  |  | 10,201 |  |  |  | 46,409 |  |  |  | 163,413 |  |  |  | 220,023 |
June 30, 2027 |  |  | 6,903 |  |  |  | 8,155 |  |  |  | 87,084 |  |  |  | 102,142 |
|  | $ | 53,541 |  |  | $ | 154,309 |  |  | $ | 655,504 |  |  | $ | 863,354 |
Summary of the number and weighted average grant date fair values regarding our unexercisable/unvested awards |
Unexercisable/Unvested Awards |  | Stock Options Shares |  |  | RSU Shares |  |  | RSA Shares |  |  | Total Shares |  |  | Weighted-Average Grant Date Fair Values (per share) |
June 30, 2022 |  |  | 319,321 |  |  |  | 744,691 |  |  |  | - |  |  |  | 1,064,012 |  |  | $ | 1.71 |
Granted |  |  | - |  |  |  | 611,386 |  |  |  | 246,942 |  |  |  | 858,328 |  |  | $ | 1.24 |
Vested |  |  | (181,061 | ) |  |  | (672,130 | ) |  |  | (145,209 | ) |  |  | (998,400 | ) |  | $ | 1.52 |
Cancelled/Forfeited |  |  | - |  |  |  | (26,542 | ) |  |  | - |  |  |  | (26,542 | ) |  | $ | - |
June 30, 2023 |  |  | 138,260 |  |  |  | 657,405 |  |  |  | 101,733 |  |  |  | 897,398 |  |  | $ | 1.40 |
Granted |  |  | 28,736 |  |  |  | 543,305 |  |  |  | 270,070 |  |  |  | 842,111 |  |  | $ | 1.40 |
Vested |  |  | (100,760 | ) |  |  | (509,579 | ) |  |  | (196,070 | ) |  |  | (806,409 | ) |  | $ | 1.57 |
Cancelled/Forfeited |  |  | (18,750 | ) |  |  | (28,350 | ) |  |  | (14,193 | ) |  |  | (61,293 | ) |  | $ | 1.43 |
June 30, 2024 |  |  | 47,486 |  |  |  | 662,781 |  |  |  | 161,540 |  |  |  | 871,807 |  |  | $ | 1.42 |
Schedule of total stock-based compensation expense included in the consolidated statements of comprehensive income |
|  | Year Ended June 30, |
|  | 2024 |  |  | 2023 |
Stock options |  | $ | 94,124 |  |  | $ | 200,854 |
RSAs |  |  | 260,322 |  |  |  | 168,673 |
RSUs |  |  | 664,577 |  |  |  | 941,430 |
Total |  | $ | 1,019,023 |  |  | $ | 1,310,957 |

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