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Stock-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2023

Stock-Based Compensation [Abstract]

Schedule of restricted stock awards

		March 31, 2023
		Three Months Ended								Nine Months Ended
		Number of Shares				Weighted Average Grant Date Fair Value per Price				Number of Shares				Weighted Average Grant Date Fair Value per Price
Beginning balance			296,022			$	1.95				344,426			$	1.90
Issued			-				-				150,000			$	2.00
Vested			(124,202	)		$	1.93				(322,606	)		$	1.92
Forfeited			-				-				-				-
Ending balance			171,820			$	1.95				171,820			$	1.95

		March 31, 2022
		Three Months Ended								Nine Months Ended
		Number of Shares				Weighted Average Grant Date Fair Value per Price				Number of Shares				Weighted Average Grant Date Fair Value per Price
Beginning balance			517,828			$	1.90				691,232			$	1.90
Issued			-				-				-				-
Vested			(86,702	)		$	1.90				(260,106	)		$	1.90
Forfeited			-				-				-				-
Ending balance			431,126			$	1.90				431,126			$	1.90

Schedule of estimates the fair value of each option award

		Nine Months Ended March 31,
		2023				2022
Weighted-average fair value		$	2.49			$	1.48
Expected volatility			100	%			100	%
Expected term			5.0 years - 7.0 years				5.0 years
Dividend yield			0.00	%			0.00	%
Risk-free interest rate			1.26% - 4.24	%			1.15% - 2.41	%

Schedule of summarizing employee and non-employee stock option activity

		Number of Options				Weighted Average Exercise Price				Aggregate Intrinsic Value (1)
Outstanding at January 1, 2023			858,750			$	2.01			$	846,250
Granted			147,250			$	3.00
Exercised			-				-
Expired/cancelled			-				-
Outstanding at March 31, 2023			1,006,000			$	2.16			$	1,449,850
Exercisable at March 31, 2023			307,375			$	2.02			$	486,613

		Number of Options				Weighted Average Exercise Price				Aggregate Intrinsic Value
Outstanding at January 1, 2022			270,000			$	2.00			$	-
Granted			34,750			$	2.00
Exercised			-				-
Expired/cancelled			-				-
Outstanding at March  31, 2022			304,750			$	2.00			$	-
Exercisable at March 31, 2022			47,500			$	2.00			$	-

		Number of Options				Weighted Average Exercise Price				Aggregate Intrinsic Value (1)
Outstanding at July 1, 2022			817,750			$	2.00			$	-
Granted			308,250			$	2.41
Exercised			-				-
Expired/cancelled			(120,000	)		$	2.00
Outstanding at March 31, 2023			1,006,000			$	2.16			$	1,449,850
Exercisable at March 31, 2023			307,375			$	2.02			$	486,613

		Number of Options				Weighted Average Exercise Price				Aggregate Intrinsic Value
Outstanding at July 1, 2021			-			$	-			$	-
Granted			304,750			$	2.00
Exercised			-				-
Expired/cancelled			-				-
Outstanding at March  31, 2022			304,750			$	2.00			$	-
Exercisable at March 31, 2022			47,500			$	2.00			$	-

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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