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STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

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.

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