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LONG-TERM INCENTIVE PLAN AWARDS (Tables) | 6 Months Ended
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Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of stock option activity |
Schedule of stock option activity |  |  |  |  |  |  |  |
|  |  |  |  |  | Weighted- |  |
|  |  |  |  |  | Average |  |
|  |  |  | Weighted- |  | Remaining |  |
|  |  |  | Average |  | Contractual |  | Aggregate
|  |  |  | Exercise |  | Life |  | Intrinsic
Options |  | Shares |  | Price |  | (In Years) |  | Value
Outstanding as of June 30, 2021 |  |  | 484,000 |  |  | $ | 3.67 |  |  |  | 2.83 |  |  | $ | 2,662,830 |
Granted |  |  | 388,000 |  |  |  | 3.38 |  |  |  | – |  |  |  | – |
Exercised |  |  | (3,999 | ) |  |  | 5.40 |  |  |  | – |  |  |  | – |
Cancelled |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Forfeited or expired |  |  | (5,000 | ) |  |  | 5.40 |  |  |  | – |  |  |  | – |
Outstanding as of December 31, 2021 |  |  | 863,001 |  |  | $ | 3.52 |  |  |  | 3.51 |  |  | $ | 1,026,570 |
Exercisable as of December 31, 2021 |  |  | 329,115 |  |  | $ | 2.84 |  |  |  | 1.76 |  |  | $ | 644,472 |
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based upon the Company’s closing stock price of $4.37 as of December 31, 2021, which would have been received by the option holders had all option holders exercised their options as of that date. The weighted-average grant-date fair value of stock options outstanding as of December 31, 2021, in the amount of 863,001 shares was $2.99 per share. As of December 31, 2021, there was unrecognized compensation cost of $1,750,766 related to non-vested stock options granted. A summary of the status of our stock options is presented below as of December 31, 2020:
|  |  |  |  |  | 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 |  |  | (47,291 | ) |  |  | (1.18 | ) |  |  | – |  |  |  | – |
Cancelled |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Forfeited or expired |  |  | (4,000 | ) |  |  | (5.40 | ) |  |  | – |  |  |  | – |
Outstanding as of December 31, 2020 |  |  | 499,000 |  |  | $ | 3.61 |  |  |  | 3.27 |  |  | $ | 9,926,890 |
Exercisable as of December 31, 2020 |  |  | 204,000 |  |  | $ | 3.61 |  |  |  | 1.45 |  |  | $ | 4,587,390 |

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