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Capital Stock (Tables)
 12 Months Ended
Jun. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Option Activity Under Stock Incentive and Compensation Plan

A summary of option activity under the Stock Incentive and Compensation Plan as of June 30, 2021 and 2020, and changes during the years ended June 30, 2021 and 2020 are presented below.

 

Options

 

Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted-Average

Remaining

Contractual Term (In Years)

 

 

Aggregate

Intrinsic Value

($)

 

Outstanding at July 1, 2019

 

 

1,568,995

 

 

$

1.50

 

 

 

1.95

 

 

$

—

 

Granted

 

 

690,000

 

 

 

1.00

 

 

 

4.47

 

 

 

165,600

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

(1,015,000

)

 

 

1.53

 

 

 

0.05

 

 

 

—

 

Outstanding at June 30, 2020

 

 

1,243,995

 

 

$

1.20

 

 

 

3.63

 

 

$

165,600

 

Granted

 

 

755,000

 

 

 

1.13

 

 

 

4.44

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding at June 30, 2021

 

 

1,998,995

 

 

$

1.17

 

 

$

3.31

 

 

$

—

 

Exercisable at June 30, 2021

 

 

964,997

 

 

$

1.19

 

 

$

3.08

 

 

$

—

 
Summary of Status of Non-Vested Options

A summary of the status of Paramount’s non-vested options as of June 30, 2021 and 2020 and changes during the years ended June 30, 2021 and 2020 are presented below.

 

Non-vested Options

 

Options

 

 

Weighted-

Average Grant-Date Fair

Value

 

Non-vested at July 1, 2019

 

 

340,660

 

 

$

0.79

 

Granted

 

 

690,000

 

 

 

0.38

 

Vested

 

 

(66,668

)

 

 

0.74

 

Forfeited

 

 

(20,000

)

 

 

0.74

 

Nonvested at June 30, 2020

 

 

943,992

 

 

$

0.51

 

Granted

 

 

755,000

 

 

 

0.56

 

Vested

 

 

(664,994

)

 

 

0.50

 

Forfeited

 

 

—

 

 

 

—

 

Nonvested at June 30, 2021

 

 

1,033,998

 

 

$

0.55

 
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 fiscal years ending June 30, 2021 and 2020 were as follows: 

 

 

2021

 

 

2020

 

Weighted average risk-free interest rate

 

 

0.22

%

 

 

1.60

%

Weighted-average volatility

 

 

60.00

%

 

 

61.00

%

Expected dividends

 

 

0.00

 

 

 

0.00

 

Weighted average expected term (years)

 

 

5

 

 

 

5

 

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

A summary of warrants exercisable into common stock as of June 30, 2021, and changes during years-ended June 30, 2021 and 2020 are presented below:

 

 

 

Warrants

 

 

Weighted

Average

Exercise Price

 

 

Weighted-

Average Remaining

Contractual Term (Years)

 

 

Aggregate

Intrinsic Value

($)

 

Outstanding at July 1, 2019

 

 

1,200,000

 

 

$

1.40

 

 

 

1.03

 

 

 

—

 

Issued

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding at June 30, 2020

 

 

1,200,000

 

 

$

1.40

 

 

 

0.03

 

 

 

—

 

Issued

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Expired

 

 

(1,200,000)

 

 

 

1.40

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding at June 30, 2021

 

 

—

 

 

$

—

 

 

 

—

 

 

 

—