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9. LONG-TERM INCENTIVE PLAN AWARDS (Tables)
9 Months Ended
Mar. 31, 2021
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, 2021: 

 

           Weighted-     
           Average     
       Weighted-   Remaining     
       Average   Contractual   Aggregate 
       Exercise   Life   Intrinsic 
Options  Shares   Price   (In Years)   Value 
                 
Outstanding as of June 30, 2020   251,291   $1.05    1.95   $1,124,525 
Granted   299,000    5.40         
Exercised   (61,291)   (1.22)        
Cancelled                
Forfeited or Expired   (4,000)   (5.40)        
Outstanding as of March 31, 2021   485,000   $3.67    3.08   $8,088,910 
                     
Exercisable as of March 31, 2021   190,000   $0.99    1.20   $3,678,650