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STOCKHOLDERS’ EQUITY (Tables)

6 Months Ended

Dec. 31, 2021

Equity [Abstract]

SCHEDULE OF STOCK WARRANT ACTIVITY

Warrant detail for the six months ended December 31, 2021 is reflected below:

 SCHEDULE OF STOCK WARRANT ACTIVITY

		Number of Warrants				Weighted Average Exercise Price Per Warrant				Remaining Contract Term (# years)
Warrants outstanding and exercisable at June 30, 2021			214,883			$	4.49				2.92
Warrants issued			1,071,430			$	7.00				5.00
Warrants outstanding and exercisable at December 31, 2021			1,286,313			$	6.58				4.35

Warrant detail for the six months ended December 31, 2020 is reflected below:

		Number of Warrants				Weighted Average Exercise Price Per Warrant				Remaining Contract Term (# years)
Warrants outstanding and exercisable at June 30, 2020			83,205			$	4.00				2.01
Warrants issued			185,955			$	4.80				5.00
Warrants outstanding at December 31, 2020			269,160			$	4.55				3.66
Warrants exercisable at December 31, 2020			83,205			$	4.00				1.50

SCHEDULE OF STOCK OPTIONS ACTIVITY

Activity in the Company’s stock options during the six months ended December 31, 2021 and related balances outstanding as of that date are reflected below:

 SCHEDULE OF STOCK OPTIONS ACTIVITY

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contract Term (# years)
Outstanding at June 30, 2021			531,205			$	11.02				6.73
Granted			-			$	-				-
Exercised			(3,400	)		$	4.65				-
Forfeited and cancelled			(14,199	)		$	13.70				-
Outstanding at December 31, 2021			513,606			$	10.99				6.20
Exercisable at December 31, 2021			500,623			$	10.95				6.16

Activity in the Company’s stock options during the six months ended December 31, 2020 and related balances outstanding as of that date are reflected below:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contract Term (# years)
Outstanding at June 30, 2020			579,584			$	11.00				7.55
Granted			-			$	-				-
Exercised			(10,750	)		$	4.60				-
Forfeited and cancelled			(7,463	)		$	7.31				-
Outstanding at December 31, 2020			561,371			$	11.17				6.87
Exercisable at December 31, 2020			493,224			$	10.94				6.67

SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

Activity in RSUs during the six months ended December 31, 2021 and related balances outstanding as of that date are reflected below:

 SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

		Number of Shares				Weighted Average Grant date Fair Value				Weighted Average Remaining Contract Term (# years)
Outstanding at June 30, 2021			131,652			$	9.25				2.72
Granted			179,614			$	5.75				-
Forfeited and cancelled			(18,334	)		$	7.71				-
Outstanding at December 31, 2021			292,932			$	7.22				2.69

Activity in RSUs during the six months ended December 31, 2020 and related balances outstanding as of that date are reflected below:

		Number of Shares				Weighted Average Grant date Fair Value				Weighted Average Remaining Contract Term (# years)
Outstanding at June 30, 2020			-			$	-				-
Granted			134,865			$	8.88				-
Forfeited and cancelled			(4,228	)		$	8.88				-
Outstanding at December 31, 2020			130,637			$	8.88				3.15

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSES

The following table summarizes stock-based compensation expense for employee and non-employee stock option and RSU grants:

 SCHEDULE OF STOCK-BASED COMPENSATION EXPENSES

		Three Months Ended December 31,								Six Months Ended December 31,
		2021				2020				2021				2020
Research and development		$	54,000			$	45,000			$	90,000			$	98,000
Selling and administrative			195,000				152,000				359,000				324,000
Total stock-based compensation expense		$	249,000			$	197,000			$	449,000			$	422,000

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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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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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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