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Stockholders' Equity (Tables)

6 Months Ended

Dec. 31, 2021

Stockholders' Equity

Schedule of vested and unvested stock option activity

The following table summarizes vested and unvested stock option activity:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

All Options

​

Vested Options

​

Unvested Options

​

​

Weighted

​

Weighted

​

Weighted

​

​

​

​

Average

​

​

​

Average

​

​

​

Average

​

​

​

​

Exercise

​

​

​

Exercise

​

​

​

Exercise

​

​

Shares

​

Price

​

Shares

​

Price

​

Shares

​

Price

Outstanding at June 30, 2021

3,258,408

$

1.68

2,930,474

$

1.60

327,934

$

2.46

Granted

64,076

​

2.66

—

​

—

64,076

​

2.66

Options vesting

—

​

—

134,295

​

2.46

(134,295)

​

2.46

Exercised

(49,634)

​

0.90

(49,634)

​

0.90

—

​

—

Forfeited

—

​

—

—

​

—

—

​

—

Repurchased

—

​

—

—

​

—

—

​

—

Outstanding at December 31, 2021

3,272,850

​

$

1.71

3,015,135

​

$

1.65

257,715

​

$

2.47

Schedule of valuation assumptions

The following table presents the assumptions used to estimate the fair values based upon a Black-Scholes option pricing model of the stock options granted during the six months ended December 31, 2021 and 2020.

​

​	​	​	​	​	​	​
​	​	Six Months Ended				​
​	​	December 31,			​	​
​		2021		2020	​	​
Expected dividend yield		0	%	0	%	​
Risk-free interest rate		0.92 - 1.01	%	0.37 - 0.51	%	​
Expected life (in years)		6		5 - 6	​	​
Expected volatility		56	%	60 - 63	%	​

Schedule of additional information regarding stock options outstanding and exercisable

Additional information regarding stock options outstanding and exercisable as of December 31, 2021 is as follows:

​

​	​	​	​	​	​	​	​
​	Option		​		Remaining		​
​	Exercise	​	Options	​	Contractual	​	Options
​	Price	​	Outstanding	​	Life (in years)	​	Exercisable
$	0.70		225,000		3.93		225,000
​	0.77		25,000		2.63		25,000
​	0.80		16,000		3.64		16,000
​	0.90		25,667		2.31		25,667
​	0.97		6,000		0.50		6,000
​	1.00		28,249		1.93		28,249
​	1.02		2,000		0.50		2,000
​	1.05		315,529		4.51		315,529
​	1.07		33,898		0.79		33,898
​	1.09		75,000		3.62		75,000
​	1.10		105,000		3.50		105,000
​	1.15		128,400		1.10		128,400
​	1.20		274,000		5.55		274,000
​	1.25		32,000		1.12		32,000
​	1.30		243,000		0.18		243,000
​	1.50		185,000		0.97		185,000
​	1.59		25,000		6.36		25,000
​	1.80		94,050		1.63		94,050
​	1.85		17,800		1.29		17,800
​	1.95		200,000		6.51		200,000
​	2.13	​	216,708	​	8.88	​	206,960
​	2.17	​	35,955	​	9.36	​	—
​	2.40		332,833		6.87		332,833
​	2.43	​	61,250	​	9.43	​	31,250
​	2.45	​	173,000	​	8.59	​	86,500
​	2.49	​	88,435	​	8.34	​	66,666
​	2.50	​	20,000	​	7.38	​	18,333
​	2.64	​	30,882	​	9.60	​	—
​	2.67	​	33,194	​	9.72	​	—
​	2.99	​	8,000	​	8.37	​	4,667
​	3.13	​	208,000	​	7.87	​	206,000
​	3.50	​	8,000	​	8.12	​	5,333
​	Total	​	3,272,850	​	​	​	3,015,135

Schedule of warrant activity

The following table summarizes warrant activity:

​

​	​	​	​	​	​
​		​		Weighted
​	​	​	​	Average
​	​	Number of	​	Exercise
​	​	Warrants	​	Price
Outstanding, June 30, 2021		50,000	​	$	1.19
Granted		—	​		—
Exercised		(50,000)	​		1.19
Repurchased		—	​		—
Expired/Cancelled		—	​		—
Outstanding, December 31, 2021		—	​	$	—
Exercisable, June 30, 2021		50,000	​	$	1.19
Exercisable, December 31, 2021		—	​	$	—

Schedule of restricted common stock activity

The following table summarizes restricted common stock activity:

​

​	​	​	​	​	​	​	​	​
​		​		​	​		Weighted
​	​	​	​	​	​	​	Average
​	​	Number of	​	​	​	​	Grant Date
​	​	Shares	​	Fair Value		​	Fair Value
Non-vested, June 30, 2021		245,252	​	$	481,953	​	$	2.47
Granted		250,997	​		643,842	​		2.57
Vested		(150,523)	​		(343,981)	​		2.51
Forfeited		—	​		—	​		—
Non-vested, December 31, 2021		345,726	​	$	781,814	​	$	2.52

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