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Capital Stock (Tables)
9 Months Ended
Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Option Activity Under Stock Incentive and Compensation Plans

A summary of option activity under the Stock Incentive and Compensation Plans as of March 31, 2021, and changes during the nine-month period ended are presented below:

 

Options

 

Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted-

Average Remaining

Contractual Term (Years)

 

 

Aggregate

Intrinsic Value

 

Outstanding at July 1, 2020

 

 

1,243,995

 

 

$

1.20

 

 

 

3.63

 

 

$

165,600

 

Granted

 

 

755,000

 

 

 

1.13

 

 

 

4.69

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

1,998,995

 

 

$

1.17

 

 

 

3.56

 

 

$

 

Exercisable at March 31, 2021

 

 

964,997

 

 

$

1.19

 

 

 

3.27

 

 

$

 

Summary of Status of Non-Vested Options

A summary of the status of Paramount’s non-vested options as at July 1, 2020 and changes during the nine-month period ended March 31, 2021 is presented below:

 

Non-vested Options

 

Options

 

 

Weighted-

Average Grant-

Date Fair Value

 

Non-vested at July 1, 2020

 

 

943,992

 

 

$

0.51

 

Granted

 

 

755,000

 

 

 

0.57

 

Vested

 

 

664,994

 

 

 

0.50

 

Forfeited

 

 

 

 

 

 

Non-vested at March 31, 2021

 

 

1,033,998

 

 

$

0.61

 

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 was calculated using the Black-Scholes option valuations method.  The weighted average assumptions used for the nine-month period ended March 31, 2021 and fiscal year ended June 30, 2020 were as follows:

 

 

 

2021

 

 

2020

 

Weighted average risk-free interest rate

 

 

0.22

%

 

 

1.60

%

Weighted-average volatility

 

 

60

%

 

 

61

%

Expected dividends

 

$

0.00

 

 

$

0.00

 

Weighted average expected term (years)

 

 

5.00

 

 

 

5.00

 

Weighted average fair value

 

$

0.57

 

 

$

0.39

 

 

Warrants  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Warrants Exercisable into Common Stock Activity

A summary of warrants exercisable into common stock activity as of March 31, 2021, and changes during the nine-month period ended is presented below:

 

 

Warrants

 

 

Weighted

Average

Exercise Price

 

 

Weighted-

Average Remaining

Contractual Term (Years)

 

 

Aggregate

Intrinsic Value

($)

 

Outstanding at July 1, 2020

 

 

1,200,000

 

 

$

1.40

 

 

 

0.03

 

 

 

 

Issued

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(1,200,000

)

 

 

1.40

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

 

 

$