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LONG-TERM INCENTIVE PLAN AWARDS (Tables) | 9 Months Ended
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Mar. 31, 2024
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 |  |  | (20,000 | ) |  |  | 4.90 |  |  |  | – |  |  |  | – |
Outstanding as of March 31, 2024 |  |  | 627,001 |  |  | $ | 4.22 |  |  |  | 2.14 |  |  | $ | – |
Exercisable as of March 31, 2024 |  |  | 539,921 |  |  | $ | 4.37 |  |  |  | 2.03 |  |  | $ | – |
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based upon the Company’s closing stock price of $2.99 per share as of March 31,2024, 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, 2024, in the amount of 627,001 shares was $3.33 per share. As of March 31, 2024, there was unrecognized compensation cost of $259,182 related to non-vested stock options granted. A summary of the status of our stock options is presented below as of March 31, 2023:
|  |  |  |  |  |  |  | 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 |  |  | (100,000 | ) |  |  | 1.34 |  |  |  | – |  |  |  | – |
Cancelled |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Forfeited or expired |  |  | (17,000 | ) |  |  | 5.40 |  |  |  | – |  |  |  | – |
Outstanding as of March 31, 2023 |  |  | 649,001 |  |  | $ | 4.24 |  |  |  | 3.12 |  |  | $ | 595,200 |
Exercisable as of March 31, 2023 |  |  | 405,277 |  |  | $ | 4.63 |  |  |  | 2.85 |  |  | $ | 248,724 |

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