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Share-Based Payment (Tables)
12 Months Ended
Jun. 30, 2023
Share-Based Payment [Abstract]  
Schedule of Assumptions Used to Value the Company's Stock Options Grants The assumptions used to value the Company’s stock options grants were as follows:
   2023   2022   2021 
             
Expected volatility   43%   40%   41%
Risk-free interest rate   4.00%   0.71~1.62%   0.36%
Exercise multiples   2.2~2.8    2.2~2.8    2.2~2.8 
Expected dividend yield   0%   0%   0%
Forfeited rates   16~23%   12~19%   12~19%
Fair market value per common share  $1.135   $1.92~3.15   $2.89 
Schedule of Stock Options Activities The following table sets forth the summary 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, 2022   4,685,673   $2.52   $1.14    4.1 years   
-
 
Granted   1,023,531   $0.80   $0.57  
 
   
-
 
Exercised   
-
   $
-
   $
-
  
 
   
-
 
Forfeited or expired   (483,842)   2.08    1.05  
 
   
-
 
Outstanding as of June 30, 2023   5,225,362   $2.22   $1.08    2.8 years   356,642 
Outstanding and exercisable as of June 30, 2023   1,509,746   $2.82   $1.29  
 
   
-
 
Vested and expected to vest as of June 30, 2023   3,727,766   $2.38   $0.42   2.8 years   191,772 

 

Schedule of RSU Activities The following table sets forth the summary of RSUs activities:
   Number of
Shares
   Weighted-
Average
Grant Date
Fair Value
 
         
Outstanding as of July 1, 2022   196,200   $3.10 
Granted   1,161,000   $1.14 
Vested   (1,205,300)  $1.21 
Forfeited or expired   (48,000)  $3.15 
Outstanding as of June 30, 2023   103,900   $3.07 
Schedule of Share-Based Compensation Expense The following table summarizes the total share-based compensation expense recognized by the Company:
   2023   2022   2021 
Cost of revenues  $16,212   $36,906   $8,403 
Selling and marketing expenses   129,060    165,209    122,087 
General and administrative expenses   2,333,023    6,982,747    4,998,206 
Total  $2,478,295   $7,184,862   $5,128,696