XML 43 R31.htm IDEA: XBRL DOCUMENT v3.21.2

Stock Options (Tables)

12 Months Ended

Jun. 30, 2021

Stock Options [Abstract]

Stock Options, Assumptions

		2021			2020
Expected stock price volatility		77%			74%
Risk free interest rate		0.34%			1.87%
Expected dividend yield		—%			—%
Expected life of options (years)		6.0			6.1

Stock Option Activity

												Aggregate
										Weighted		Intrinsic
							Weighted			Average		Value of
				Stock			Average			Remaining		In-The-
		Number of		Options			Exercise			Contractual		Money
		Shares		Price Range			Price			Life - Years		Options
Shares under option at June 30, 2019		2,592,875		$	1.77 - $6.28		$	2.96		4.23		$	48,280
Granted		555,000		$	1.97 - $2.17		$	2.08
Exercised		—			—			—
Expired		(362,000)		$	2.20 - $6.28		$	3.53
Forfeited		(64,000)		$	1.77 - $2.65		$	2.15
Shares under option at June 30, 2020		2,721,875		$	1.77 - $6.00		$	2.73		4.82		$	—
Granted		615,000		$	1.73 - $2.11		$	1.84
Exercised		(1,203,875)		$	1.77 - $6.00		$	2.75
Expired		(385,000)		$	1.77 - $5.24		$	3.24
Forfeited		—			—			—
Shares under option at June 30, 2021		1,748,000		$	1.73 - $6.00		$	2.29		4.86		$	36,594,280
Exercisable as of June 30, 2020		1,408,709		$	1.77 - $6.00		$	3.12		2.61		$	—
Exercisable as of June 30, 2021		288,000		$	1.73 - $6.00		$	3.19		2.81		$	5,767,425

Intrinsic Value

	2021			2020
Total intrinsic value of stock options exercised	$	31,877,285		$	—
Cash received from stock option exercises	$	3,306,272		$	—
Total fair value of stock options vested	$	550,093		$	483,461
Total recognized tax benefit	$	6,545,430		$	—

Nonvested Option Activity

					Weighted
					Average
					Grant Date
		Shares			Fair Value
Non-vested as of June 30, 2019		1,272,584			1.19
Granted		555,000			1.26
Vested		(450,418)			1.07
Forfeited		(64,000)			1.39
Non-vested as of June 30, 2020		1,313,166			1.26
Granted		615,000			1.12
Vested		(468,166)			1.17
Forfeited		-			0
Non-vested as of June 30, 2021		1,460,000			1.23

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ 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 (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

+ 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)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=120381028&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=120381028&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=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration