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LONG-TERM INCENTIVE PLAN AWARDS (Tables) | 6 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of stock option activity |
Schedule of stock option activity |  |  |  |  |  |  |  |  |  |  |  |
Options |  | Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Life (In Years) |  |  | Aggregate Intrinsic 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 December 31, 2023 |  |  | 631,001 |  |  | $ | 4.23 |  |  |  | 2.38 |  |  | $ | – |
Exercisable as of December 31, 2023 |  |  | 509,449 |  |  | $ | 4.43 |  |  |  | 2.24 |  |  | $ | 2,454 |
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based upon the Company’s closing stock price of 3.39 as of December 31, 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 December 31, 2023, in the amount of 631,001 shares was $3.34 per share. As of December 31, 2023, there was unrecognized compensation cost of $345,426 related to non-vested stock options granted. A summary of the status of our stock options is presented below as of December 31, 2022:
Options |  | Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Life (In Years) |  |  | Aggregate Intrinsic Value |
Outstanding as of June 30, 2022 |  |  | 766,001 |  |  | $ | 3.85 |  |  |  | 3.37 |  |  | $ | 183,270 |
Granted |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Exercised |  |  | (100,000 | ) |  |  | 1.34 |  |  |  | – |  |  |  | – |
Cancelled |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Forfeited or expired |  |  | (16,000 | ) |  |  | 5.40 |  |  |  | – |  |  |  | – |
Outstanding as of December 31, 2022 |  |  | 650,001 |  |  | $ | 4.24 |  |  |  | 3.37 |  |  | $ | 401,760 |
Exercisable as of December 31, 2022 |  |  | 352,475 |  |  | $ | 4.68 |  |  |  | 3.05 |  |  | $ | 134,898 |

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