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8. LONG-TERM INCENTIVE PLAN AWARDS (Tables)
 9 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of the status of our stock options is presented below as of March 31, 2020:

 

           Weighted-     
           Average     
       Weighted-   Remaining     
       Average   Contractual   Aggregate 
       Exercise   Life   Intrinsic 
Options  Shares   Price   (In Years)   Value 
                 
Outstanding as of June 30, 2019   299,000   $1.04    2.75   $420,620 
Granted   –    –    –    – 
Exercised   (31,709)   0.88    –    129,373 
Cancelled   –    –    –    – 
Forfeited or Expired   (12,000)   1.35    –    48,960 
Outstanding as of March 31, 2020   255,291   $1.05    2.20   $773,626 
                     
Exercisable as of March 31, 2020   255,291   $1.05    2.20   $773,626 

 

A summary of the status of our stock options is presented below as of March 31, 2019:

 

                Weighted-        
                Average        
          Weighted-     Remaining        
          Average     Contractual     Aggregate  
          Exercise     Life     Intrinsic  
Options   Shares     Price     (In Years)     Value  
                         
Outstanding as of June 30, 2018     299,000     $ 1.04       2.75     $ 241,220  
Granted     –       –       –       –  
Exercised     –       –       –       –  
Cancelled     –       –       –       –  
Forfeited or Expired     –       –       –       –  
Outstanding as of March 31, 2019     299,000     $ 1.04       2.00     $ 525,270  
                                 
Exercisable as of March 31, 2019     299,000     $ 1.04       2.00     $ 525,270