XML 23 R13.htm IDEA: XBRL DOCUMENT v3.25.1
STOCK-BASED COMPENSATION
 9 Months Ended
Mar. 31, 2025
Equity [Abstract]  
STOCK-BASED COMPENSATION

 

6. STOCK-BASED COMPENSATION

 

Stock Options

 

The following table summarizes stock-based compensation expense for the three months and nine months ended March 31, 2025 and 2024.

 

The following table summarizes stock-based compensation expense for the three and nine months ended March 31, 2025 and 2024:

                
   Three Months
Ended March 31,		   Nine Months
Ended March 31,		 
   2025   2024   2025   2024 
Cost of Goods Sold  $36,333   $34,876   $114,785   $79,377 
Selling, General and Administrative   526,631    223,338    905,749    670,014 
Stock Based Compensation Expense  $562,964   $258,214   $1,020,534   $749,391 

 

No compensation has been capitalized because such amounts would have been immaterial.

 

The following tables summarize stock option activity for the nine months ended March 31, 2025:

            
   Options Outstanding 
   Number of
Shares		   Weighted Average
Exercise Price		   Weighted Average
Contractual Life		 
Outstanding at June 30, 2024   1,357,735   $4.72    6.60 years 
Granted   520,000    5.02    – 
Exercised   (53,665)   3.60    – 
Cancelled, forfeited, or expired   (113,720)   5.31    – 
Outstanding at March 31, 2025   1,710,350   $4.74    7.08 years 

  

The aggregate intrinsic value of the Company’s in-the-money outstanding and exercisable options as of March 31, 2025 were $668,778 and $618,634, respectively.