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Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)
12 Months Ended
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