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Stockholders' Equity | 12 Months Ended
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Jun. 30, 2018
Equity [Abstract] |
Stockholders' Equity | NOTE 16 – STOCKHOLDERS’ EQUITY During the years ended June 30, 2018 and 2017, the Company issued 60,536 and 121,858 shares of common stock, respectively, for services rendered by officers of the Company. These shares were valued at the fair market value of $376,697 and $727,095, respectively, and recorded as compensation expense in the accompanying consolidated financial statements. During the years ended June 30, 2018 and 2017, the Company issued 37,212 and 52,251 shares of common stock respectively, for services rendered by the independent members of the Board of Directors as part of their board compensation. These shares were valued at the fair market value of $207,783 and $294,531, respectively, and recorded as compensation expense in the accompanying consolidated financial statements. During the years ended June 30, 2018 and 2017, the Company issued 211,816 and 253,066 shares of common stock, respectively, to employees pursuant to the terms of their employment agreements. These shares were valued at the fair market value of $1,273,965 and $1,500,532, respectively, and recorded as compensation expense in the accompanying consolidated financial statements. During the years ended June 30, 2018 and 2017, the Company collected subscription receivable of $76,511 and $485,661, respectively, related to the exercise of stock options in previous years. During the years ended June 30, 2018 and 2017, the Company received $235,800 and $380,770, respectively pursuant to a stock option agreement for the exercise of 60,773 and 84,838 shares of common stock, respectively at prices ranging from $3.88 and $3.88 to $4.75 per share, respectively. During the year ended June 30, 2018, the Company issued 112,747 shares of common stock for the cashless exercise of options pursuant to stock option agreements, and canceled 247,151 options which will be available for re-issuance in the future. During the years ended June 30, 2018 and 2017, the Company purchased 171,074 and 7,500 shares of its common stock from the open market at an average price of $4.39 and $5.18 per share pursuant to the Company’s stock buy-back plan.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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