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LONG-TERM INCENTIVE PLAN AWARDS (Tables) | 9 Months Ended
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Mar. 31, 2022
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 |  |  | (7,000 | ) |  |  | 5.40 |  |  |  | – |  |  |  | – |
Outstanding as of March 31, 2022 |  |  | 861,001 |  |  | $ | 3.52 |  |  |  | 3.26 |  |  | $ | 804,040 |
Exercisable as of March 31, 2022 |  |  | 382,588 |  |  | $ | 3.04 |  |  |  | 1.88 |  |  | $ | 589,219 |
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based upon the Company’s closing stock price of $3.985 as of March 31, 2022, 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 March 31, 2022, in the amount of 861,001 shares was $2.92 per share. As of March 31, 2022, there was unrecognized compensation cost of $1,503,518 related to non-vested stock options granted. 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 |

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