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Capital Stock (Tables)
6 Months Ended
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Activity Under Stock Incentive and Compensation Plans

A summary of stock option activity under the Stock Incentive and Compensation Plans as of December 31, 2023 is presented below:

Options

 

Options

 

 

Weighted
Average
Exercise
Price

 

 

Weighted-
Average Remaining
Contractual Term (Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding at June 30, 2022

 

 

1,808,995

 

 

$

1.14

 

 

 

2.42

 

 

$

 

Granted

 

 

50,000

 

 

 

0.60

 

 

 

4.00

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

(453,995

)

 

 

1.37

 

 

 

 

 

 

 

Outstanding at June 30, 2023

 

 

1,405,000

 

 

$

1.05

 

 

 

2.06

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2023

 

 

1,405,000

 

 

$

1.05

 

 

 

1.56

 

 

$

 

Exercisable at December 31, 2023

 

 

946,664

 

 

$

1.05

 

 

 

1.63

 

 

$

 

Summary of Status of Non-Vested Options

A summary of the status of Paramount’s non-vested options at December 31, 2023 is presented below:

 

Non-vested Options

 

Options

 

 

Weighted-
Average
Grant-
Date Fair Value

 

Non-vested at June 30, 2022

 

 

657,333

 

 

$

0.55

 

Granted

 

 

50,000

 

 

 

0.19

 

Vested

 

 

(95,002

)

 

 

0.41

 

Forfeited or expired

 

 

(153,995

)

 

 

0.82

 

Non-vested at June 30, 2023

 

 

458,336

 

 

$

0.47

 

Granted

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

Non-vested at December 31, 2023

 

 

458,336

 

 

$

0.47

 

Summary of RSUs Activity

A summary of RSUs activity is summarized as follows:

 

Restricted Share Unit Activity

 

Outstanding RSUs

 

 

Weighted average grant date fair value

 

Outstanding at June 30, 2022

 

 

701,000

 

 

$

0.65

 

Granted

 

 

630,000

 

 

 

0.30

 

Vested

 

 

(350,500

)

 

 

0.65

 

Forfeited

 

 

 

 

 

 

Outstanding at June 30, 2023

 

 

980,500

 

 

$

0.43

 

Granted

 

 

 

 

 

 

Vested

 

 

(125,000

)

 

 

0.30

 

Forfeited

 

 

 

 

 

 

Outstanding at December 31, 2023

 

 

855,500

 

 

$

0.44

 

Black-Scholes option valuation model  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Fair Value of Options Calculated Using Black-Scholes Option Valuations Method

The fair value for these options were calculated using the Black-Scholes option valuations method. The weighted average assumptions used were as follows:

 

 

 

Six Months Ended December 31, 2023

 

Six Months Ended December 31, 2022

 

Weighted average risk-free interest rate

 

N/A

 

 

2.79

%

Weighted-average volatility

 

N/A

 

 

58

%

Expected dividends

 

N/A

 

0

 

Weighted average expected term (years)

 

N/A

 

5

 

Weighted average fair value

 

N/A

 

$

0.19