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Incentive and Non-statutory Stock Option Plan | 9 Months Ended
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Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Incentive and Non-statutory Stock Option Plan | NOTE 16 - INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN Common stock purchase options consisted of the following: OPTIONS:
|  | # of shares |  |  | Weighted Ave Exercise Price |  |  | Weighted Average Remaining Contractual Life (in years) |  |  | Aggregated Intrinsic Value |
Outstanding and exercisable, June 30, 2016 |  |  | 610,133 |  |  | $ | 4.90 |  |  |  | 0.99 |  |  | $ | 799,030 |
Granted |  |  | 79,838 |  |  | $ | 4.53 |  |  |  |  |  |  |  |  |
Exercised |  |  | (84,838 | ) |  | $ | 4.49 |  |  |  |  |  |  |  |  |
Expired / Cancelled |  |  | (130,000 | ) |  | $ | 7.50 |  |  |  |  |  |  |  |  |
Outstanding and exercisable, June 30, 2017 |  |  | 475,133 |  |  | $ | 4.20 |  |  |  | 1.05 |  |  | $ | 8,413 |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | (35,773 | ) |  | $ | 3.88 |  |  |  |  |  |  |  |  |
Expired / Cancelled |  |  | (1,000 | ) |  | $ | 16.00 |  |  |  |  |  |  |  |  |
Outstanding and exercisable, March 31, 2018 |  |  | 438,360 |  |  | $ | 4.20 |  |  |  | 0.32 |  |  | $ | 319,465 |
The following table summarizes information about stock options outstanding and exercisable at March 31, 2018.
Exercise Price |  | Number Outstanding and Exercisable |  |  | Weighted Average Remaining Contractual Life |  |  | Weighted Ave Exercise Price |
OPTIONS: |  |  |  |  |  |  |  |  |
$ | 3.88 |  |  | 384,898 |  |  |  | 0.25 |  |  | $ | 3.88 |
$ | 6.50 |  |  | 53,462 |  |  |  | 0.85 |  |  | $ | 6.50 |
Totals |  |  | 438,360 |  |  |  | 0.32 |  |  | $ | 4.20 |
The following table summarizes stock grants awarded as compensation:
|  | # of shares |  |  | Weighted Average Grant Date Fair Value ($) |
Unvested, June 30, 2016 |  |  | 630,228 |  |  | $ | 6.07 |
Granted |  |  | 222,146 |  |  | $ | 5.92 |
Forfeited / Cancelled |  |  | (5,000 | ) |  | $ | 5.55 |
Vested |  |  | (427,175 | ) |  | $ | 5.90 |
Unvested, June 30, 2017 |  |  | 420,199 |  |  | $ | 6.07 |
Granted |  |  | 20,000 |  |  | $ | 4.25 |
Vested |  |  | (196,515 | ) |  | $ | 6.15 |
Unvested, March 31, 2018 |  |  | 243,684 |  |  | $ | 6.02 |
For the three and nine months ended March 31, 2018, the Company recorded compensation expense of $448,221 and $1,281,751, respectively. For the three and nine months ended March 31, 2017, the Company recorded compensation expense of $449,743 and $2,047,839, respectively. The compensation expense related to the unvested stock grants as of March 31, 2018 was $1,368,687 which will be recognized during the fiscal years 2018 through 2022.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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