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STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended
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Sep. 30, 2023
STOCKHOLDERS' EQUITY |
Summary of weighted average assumptions were used for option grants | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Director | ​ | ​ | Officer | ​
​ | ​ | Options | ​ | ​ | Options | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Risk-free interest rate |  | 3.92 | % | ​ | 3.86 | %
Expected volatility |  | 82.0 | % | ​ | 82.0 | %
Dividend yield |  | — | % | ​ | — | %
Expected option term in years |  | 5 |  | ​ | 7 |
Summary of stock repurchase program | $ in Thousands, except shares and dollar per share amounts ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  | ​ |  |  | Total Number of |  | Approximate
​ | ​ | ​ | ​ | ​ | ​ | ​ | Shares | ​ | Dollar Value of
​ | ​ | ​ | ​ | ​ | ​ | ​ | Purchased as | ​ | Shares that May
​ | ​ | Total Number of | ​ | ​ | ​ | ​ | Part of Publicly | ​ | Yet Be Purchased
​ | ​ | Shares | ​ | Average Price | ​ | Announced Plans | ​ | Under the Plans
Period | ​ | Purchased | ​ | Paid per Share | ​ | or Programs | ​ | or Programs
March 23, 2023 – June 30, 2023 | ​ | 272,620 | ​ | $ | 1.11 | ​ | 272,620 | ​ | $ | 697,000
Total | ​ | 272,620 | ​ | $ | 1.11 | ​ | 272,620 | ​ | $ | 697,000
Summary of outstanding stock options | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Range of |  | Number |  | Number |  | ​ |  | Wtd. Avg.
Exercise Price | ​ | Outstanding | ​ | Exercisable | ​ | Wtd. Avg, Life | ​ | Exercise Price
$1.10 |  | 250,000 |  | 175,000 |  | 9.0 years | ​ | $1.10
Stock option |
STOCKHOLDERS' EQUITY |
Summary of stock options | A summary of the status of the Company’s stock options as of September 30, 2023 and changes during the three months ended September 30, 2023 are presented below. ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Wtd. Avg.
​ | ​ | ​ | ​ | Exercise
​ | ​ | Options | ​ | Price
Balance, July 1, 2023 |  | 250,000 | ​ | $ | 1.10
Granted during the year |  | — | ​ |  | —
Exercised during the year |  | — | ​ |  | —
Cancelled during the year |  | — | ​ |  | —
Balance, September 30, 2023 |  | 250,000 | ​ | $ | 1.10
​ A summary of the status of the Company’s stock options as of September 30, 2022 and changes during the three months ended September 30, 2022 are presented below. ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Wtd. Avg.
​ | ​ | ​ | ​ | Exercise
​ | ​ | Options | ​ | Price
Balance, July 1, 2022 |  | — | ​ | $ | —
Granted during the period |  | 150,000 | ​ |  | 3.00
Exercised during the period |  | — | ​ |  | —
Terminated/Expired during the period |  | — | ​ |  | —
Balance, September 30, 2022 |  | 150,000 | ​ | $ | 3.00
​

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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