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SHARE BASED PAYMENTS
 6 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
SHARE BASED PAYMENTS

NOTE 17 – SHARE BASED PAYMENTS

 

The following table summarizes stock grants awarded as compensation:

 

SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION

   # of shares   Weighted Average Grant Date Fair Value ($) 
Unvested, June 30, 2021   6,985   $5.75 
Granted   -   $- 
Vested   (1,985)  $6.05 
Forfeited / Cancelled   -   $- 
Unvested, December 31, 2021   5,000   $5.69 

 

For the three and six months ended December 31, 2021, the Company recorded compensation expense of $14,225 and $17,228, respectively. For the three and six months ended December 31, 2020, the Company recorded compensation expense of $74,167 and $164,784, respectively. The compensation expense related to the unvested stock grants as of December 31, 2021 was $14,225 which will be recognized during the fiscal year 2022.