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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)

6 Months Ended

Dec. 31, 2024

Class of Warrant or Right [Line Items]

SCHEDULE OF FAIR VALUE ASSUMPTIONS OF STOCK OPTIONS

The Company uses the Black-Scholes valuation model to calculate the fair value of stock options. Weighted average annualized percentages and expected term inputs used in Black-Scholes valuations during the period are listed below:

 SCHEDULE OF FAIR VALUE ASSUMPTIONS OF STOCK OPTIONS

		Six months ended December 31,
		2024(1)				2023
Expected volatility			-				78.29	%
Risk free interest rate			-				4.90	%
Dividend yield			-				–	%
Expected term (years)							6.00

⁽¹⁾ No stock options were granted during the six months ended December 31, 2024.

SCHEDULE OF STOCK OPTIONS ACTIVITY

Activity in the Company’s stock options during the six months ended December 31, 2024 and related balances outstanding as of that date is reflected below:

 SCHEDULE OF STOCK OPTIONS ACTIVITY

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contract Term (# years)				Aggregate intrinsic Value					Weighted Average Grant Date Fair Value
Outstanding at June 30, 2024			1,605,060			$	4.85
Granted			–				–											$	–
Exercised			–				–							$	–
Forfeited and cancelled			(111,782	)			3.39
Outstanding at December 31, 2024			1,493,278				4.96				7.38				–
Exercisable at December 31, 2024			757,220				6.39				6.20				–

Activity in the Company’s stock options during the six months ended December 31, 2023 and related balances outstanding as of that date is reflected below:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contract Term (# years)				Aggregate intrinsic Value					Weighted Average Grant Date Fair Value
Outstanding at June 30, 2023			973,400			$	6.44
Granted			979,204				3.36											$	2.17
Exercised			–				–							$	–
Forfeited and cancelled			(37,610	)			7.71
Outstanding at December 31, 2023			1,914,994				4.85				8.45				-
Exercisable at December 31, 2023			517,493				8.82				5.57				-

SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

Activity in RSUs during the six months ended December 31, 2024 and related balances outstanding as of that date is 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, 2024			114,666			$	5.56
Granted			–				–
Vested and settled			–				–
Forfeited and cancelled			(740	)			5.75
Outstanding at December 31, 2024			113,926				5.56				0.18

Activity in RSUs during the six months ended December 31, 2023 and related balances outstanding as of that date is reflected below:

		Number of Shares				Weighted Average Grant Date Fair Value				Weighted Average Remaining Contract Term (# years)
Outstanding at June 30, 2023			193,749			$	6.09
Granted			–				–
Vested and settled			(54,038	)			7.27
Forfeited and cancelled			(1,539	)			5.75
Outstanding at December 31, 2023			138,172				5.63				0.55

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 

		2024				2023				2024				2023
		Three months ended December 31,								Six months ended December 31,
		2024				2023				2024				2023
Selling and administrative		$	250,000			$	80,000			$	569,000			$	140,000
Research and development			28,000				314,000				56,000				530,000
Total stock-based compensation expense		$	278,000			$	394,000			$	625,000			$	670,000

Warrant [Member]

Class of Warrant or Right [Line Items]

SCHEDULE OF STOCK WARRANT ACTIVITY

Activity in warrants during the six months ended December 31, 2024 is reflected below:

 SCHEDULE OF STOCK WARRANT ACTIVITY

		Number of Warrants				Weighted Average Exercise Price Per Warrant				Weighted Average Remaining Contract Term (# years)
Warrants outstanding and exercisable at June 30, 2024			1,413,110			$	6.14
Warrants issued			-				-
Warrants exercised			-				-
Warrants forfeited and cancelled			-				-
Warrants outstanding and exercisable at December 31, 2024			1,413,110				6.14				1.98

Activity in warrants during the six months ended December 31, 2023 is reflected below:

		Number of Warrants				Weighted Average Exercise Price Per Warrant				Weighted Average Remaining Contract Term (# years)
Warrants outstanding and exercisable at June 30, 2023			1,455,119			$	6.10
Warrants issued			41,196				3.24
Warrants exercised			-				-
Warrants forfeited and cancelled			(83,205	)			4.00
Warrants outstanding and exercisable at December 31, 2023			1,413,110				6.23				2.98

SCHEDULE OF FAIR VALUE ASSUMPTIONS OF STOCK OPTIONS

The Company uses the Black-Scholes valuation model to calculate the fair value of warrants. Weighted average annualized percentages and expected term inputs used in Black-Scholes valuations during the period are listed below:

SCHEDULE OF FAIR VALUE ASSUMPTIONS OF WARRANTS 

		Six months ended December 31,
		2024(1)				2023
Expected volatility			-				83.70	%
Risk free interest rate			-				4.65	%
Dividend yield			-				–	%
Expected term (years)							5.00

⁽¹⁾ No warrants were issued during the six months ended December 31, 2024.

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