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LONG-TERM INCENTIVE PLAN AWARDS (Tables) | 3 Months Ended
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Sep. 30, 2023
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, 2023 |  |  | 647,001 |  |  | $ | 4.24 |  |  |  | 2.88 |  |  | $ | 130,200 |
Granted |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Exercised |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Cancelled |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Forfeited or expired |  |  | (16,000 | ) |  |  | 4.77 |  |  |  | – |  |  |  | – |
Outstanding as of September 30, 2023 |  |  | 631,001 |  |  | $ | 4.23 |  |  |  | 2.63 |  |  | $ | – |
Exercisable as of September 30, 2023 |  |  | 478,642 |  |  | $ | 4.49 |  |  |  | 2.44 |  |  | $ | – |
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based upon the Company’s closing stock price of $3.20 as of September 30, 2023, 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 September 30, 2023, in the amount of 631,001 shares was $3.34 per share. As of September 30, 2023, there was unrecognized compensation cost of $432,617 related to non-vested stock options granted. A summary of the status of our stock options is presented below as of September 30, 2022:
|  |  |  |  |  |  |  | Weighted- |  |  |  |
|  |  |  |  |  |  |  | Average |  |  |  |
|  |  |  |  | Weighted- |  |  | Remaining |  |  |  |
|  |  |  |  | Average |  |  | Contractual |  |  | Aggregate |
|  |  |  |  | Exercise |  |  | Life |  |  | Intrinsic |
Options |  | Shares |  |  | Price |  |  | (In Years) |  |  | Value |
Outstanding as of June 30, 2022 |  |  | 766,001 |  |  | $ | 3.85 |  |  |  | 3.37 |  |  | $ | 183,270 |
Granted |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Exercised |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Cancelled |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Forfeited or expired |  |  | (10,000 | ) |  |  | 5.40 |  |  |  | – |  |  |  | – |
Outstanding as of September 30, 2022 |  |  | 756,001 |  |  | $ | 3.86 |  |  |  | 3.11 |  |  | $ | 158,000 |
Exercisable as of September 30, 2022 |  |  | 399,089 |  |  | $ | 3.90 |  |  |  | 2.36 |  |  | $ | 158,000 |

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