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Stock-Based Compensation (Tables)
3 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of assumptions used to estimate fair value of options granted

The following assumptions were used to estimate the fair value of stock options granted:

 

 

 

Three Months Ended
September 30, 2019

 

 

Fiscal Year Ended
June 30, 2019

 

Risk-free interest rate

 

 

1.85%

 

 

 

2.36% - 2.77

%

Expected term (years)

 

 

6

 

 

 

6

 

Expected volatility

 

 

190.1%

 

 

 

182.4% - 192.0

%

 

 

Schedule of stock option transactions

Stock option transactions during the three months ended September 30, 2019 are summarized as follows:

 

 

 

Number of Shares

 

 

Weighted Average
Exercise Price per
Share

 

Outstanding at June 30, 2019

 

 

683,000

 

 

$

3.84

 

Granted

 

 

149,300

 

 

$

5.29

 

Exercised

 

 

(5,000

)

 

$

2.61

 

Cancelled or Forfeited

 

 

(20,950

)

 

$

5.30

 

Outstanding at September 30, 2019

 

 

806,350

 

 

$

4.08

 

 

Schedule of restricted stock transactions

Restricted stock transactions during the three months ended September 30, 2019 are summarized as follows:

 

 

 

Number of Shares

 

 

Weighted Average
Grant Date Fair
Value per Share

 

Outstanding Shares of Restricted Stock Unvested at June 30, 2019

 

 

29,998

 

 

$

5.46

 

Granted

 

 

32,500

 

 

$

5.29

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Outstanding Shares of Restricted Stock Unvested at September 30, 2019

 

 

62,498

 

 

$

5.37