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Share-Based Payment (Tables)
12 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of assumptions used to value the company's stock options grants
    For the years ended
June 30,
 
    2021     2020  
             
Expected volatility     41 %     43 %
Risk-free interest rate     0.36 %     1.63 %
Exercise multiples     2.2~2.8       2.2~2.8  
Expected dividend yield     0 %     0 %
Forfeited rates     12~19 %     9~10 %
Fair market value per common share   $ 2.89     $ 5.25  

 

Schedule of stock options activities
    Number of stock options     Weighted Average Exercise Price     Weighted Average Grant-date Fair Value     Weighted Average Remaining Contractual Life     Aggregate Intrinsic Value  
Outstanding as of July 1, 2020     988,932     $ 3.38     $ 1.56       5.4 years      
-
 
Granted     618,839     $ 2.68     $ 1.04      
-
     
-
 
Exercised*     (61,328 )     3.95       2.04      
-
     
-
 
Forfeited or expired     (115,953 )   $ 2.93     $ 1.19      
-
     
-
 
Outstanding as of June 30, 2021     1,430,490     $ 3.09     $ 1.35       4.4 years       1,949,145  
Outstanding and exercisable as of June 30, 2021     255,165     $ 3.83     $ 1.91      
-
      228,723  
Vested and expected to vest as of June 30, 2021     1,231,149     $ 3.19     $ 0.29       4.4 years       1,595,418  

 

* During year ended June 30, 2021, 61,328 share options were exercised and 49,704 common shares were issued.

 

Schedule of RSU activities
    Number of
Shares
    Weighted-
Average
Grant Date
Fair Value
 
             
Outstanding as of July 1, 2020     208,968     $    
Granted     1,362,370     $ 3.34  
Vested     (1,518,688 )   $ 4.18  
Forfeited or expired           $    
Outstanding as of June 30, 2021     52,650     $ 3.31