SHARE BASED PAYMENTS

9 Months Ended

Mar. 31, 2022

Share-Based Payment Arrangement [Abstract]

SHARE BASED PAYMENTS

NOTE 17 – SHARE BASED PAYMENTS

The following table summarizes stock grants awarded as compensation:

	# of shares			Weighted Average Grant Date Fair Value ($)
Unvested, June 30, 2021		6,985		$	5.75
Granted		3,000		$	4.20
Vested		(4,985	)	$	4.94
Forfeited / Cancelled		-		$	-
Unvested, March 31, 2022		5,000		$	5.69

For the three and nine months ended March 31, 2022, the Company recorded compensation expense of $19,713 and $36,941, respectively. For the three and nine months ended March 31, 2021, the Company recorded compensation expense of $74,169 and $239,333, respectively. The compensation expense related to the unvested stock grants as of March 31, 2022 was $7,112 which will be recognized during the fiscal year 2022.