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Incentive and Non-Statutory Stock Option Plan (Tables) | 12 Months Ended
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Jun. 30, 2019
Share-based Payment Arrangement [Abstract] |
Components of Common Stock Purchase Options | A summary of option and warrant activity for the years ended June 30, 2019 and 2018 is presented below: OPTIONS:
|  | # of shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (in years) |  |  | Aggregated Intrinsic Value |
Outstanding and exercisable, June 30, 2017 |  |  | 475,133 |  |  | $ | 4.20 |  |  |  | 1.05 |  |  | $ | 8,413 |
Granted |  |  | - |  |  | $ | 0.00 |  |  |  |  |  |  |  |  |
Exercised |  |  | (420,671 | ) |  | $ | 3.88 |  |  |  |  |  |  |  |  |
Expired / Cancelled |  |  | (1,000 | ) |  | $ | 16.00 |  |  |  |  |  |  |  |  |
Outstanding and exercisable, June 30, 2018 |  |  | 53,462 |  |  | $ | 6.50 |  |  |  | 0.61 |  |  | $ | - |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | (13,076 | ) |  | $ | 6.50 |  |  |  |  |  |  |  |  |
Expired / Cancelled |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Outstanding and exercisable, June 30, 2019 |  |  | 40,386 |  |  | $ | 6.50 |  |  |  | 0.61 |  |  | $ | - |
Schedule of Stock Options and Warrants Outstanding and Exercisable | The following table summarizes information about stock options outstanding and exercisable at June 30, 2019.
Exercise Price |  | Number Outstanding and Exercisable |  |  | Weighted Average Remaining Contractual Life |  |  | Weighted Average Exercise Price |
OPTIONS: |  |  |  |  |  |  |  |  |  |  |  |
$6.50 |  |  | 40,386 |  |  |  | 0.61 |  |  | $ | 6.50 |
Totals |  |  | 40,386 |  |  |  | 0.61 |  |  | $ | 6.50 |
Schedule of Fair Value of Options Granted Assumptions | The fair market value was calculated using the Black-Scholes option pricing model with the following assumptions:
|  | June 30, 2019 |
Risk-free interest rate |  |  | 2.56% |
Expected life |  |  | 1 year |
Expected volatility |  |  | 45% |
Expected dividend |  |  | 0% |
Summary of Unvested Stock Grants Awarded as Compensation | The following table summarizes stock grants awarded as compensation:
|  | # of shares |  |  | Weighted Average Grant Date Fair Value ($) |
Unvested, June 30, 2017 |  |  | 420,199 |  |  | $ | 6.07 |
Granted |  |  | 47,513 |  |  | $ | 5.00 |
Vested |  |  | (309,564 | ) |  | $ | 6.00 |
Forfeited / Cancelled |  |  | (2,500 | ) |  | $ | 5.55 |
Unvested, June 30, 2018 |  |  | 155,648 |  |  | $ | 6.07 |
Granted |  |  | 122,277 |  |  | $ | 5.71 |
Vested |  |  | (191,450 | ) |  | $ | 5.99 |
Forefieted / Cancelled |  |  | (4,960 | ) |  | $ | 6.05 |
Unvested, June 30, 2019 |  |  | 81,515 |  |  | $ | 5.88 |

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition 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. + References No definition available. + Details
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