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LONG-TERM INCENTIVE PLAN AWARDS (Tables) | 3 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of stock options |
Schedule of stock options |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Weighted- |  |  |  |
|  |  |  |  |  |  |  | Average |  |  |  |
|  |  |  |  | Weighted- |  |  | Remaining |  |  |  |
|  |  |  |  | Average |  |  | Contractual |  |  | Aggregate |
|  |  |  |  | Exercise |  |  | Life |  |  | Intrinsic |
Options |  | Shares |  |  | Price |  |  | (In Years) |  |  | Value |
Outstanding as of June 30, 2024 |  |  | 627,001 |  |  | $ | 4.24 |  |  |  | 2.88 |  |  | $ | 130,200 |
Granted |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Exercised |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Cancelled |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Forfeited or expired |  |  | (7,000) |  |  |  | 3.96 |  |  |  | – |  |  |  | – |
Outstanding as of September 30, 2024 |  |  | 620,001 |  |  | $ | 4.22 |  |  |  | 1.63 |  |  | $ | 434,400 |
Exercisable as of September 30, 2024 |  |  | 590,605 |  |  | $ | 4.26 |  |  |  | 1.60 |  |  | $ | 399,125 |
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based upon the Company’s closing stock price of $4.58 as of September 30, 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 September 30, 2024, in the amount of 620,001 shares was $3.33 per share. As of September 30, 2024, there was unrecognized compensation cost of $83,199 related to non-vested stock options granted. A summary of the status of our stock options is presented below as of September 30, 2023:
|  |  |  |  |  |  |  | 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 |  |  | $ | – |

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