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Stock Based Compensation (Tables)
9 Months Ended
Mar. 31, 2024
Stock Based Compensation  
Schedule of stock option activity

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregated

 

 

 

Options

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Outstanding

 

 

Price

 

 

Life (Years)

 

 

Value

 

Outstanding at June 30, 2023

 

 

4,839,278

 

 

$3.31

 

 

 

6.23

 

 

$1,342,280

 

Forfeited

 

 

(532,000 )

 

 

4.34

 

 

 

-

 

 

 

-

 

Granted

 

 

400,000

 

 

 

1.47

 

 

 

1

 

 

 

32,000

 

Options outstanding at March31, 2024

 

 

4,791,278

 

 

$3.36

 

 

 

5.44

 

 

$-

 

Options exercisable at March 31, 2024 (vested)

 

 

4,557,361

 

 

$2.92

 

 

 

5.50

 

 

 

-

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregated

 

 

 

Options

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Outstanding

 

 

Price

 

 

Life (Years)

 

 

Value

 

Outstanding at June 30, 2022

 

 

4,279,888

 

 

$

3.05

 

 

 

7.42

 

 

$

4,919,182

 

Forfeited

 

 

(143,613

)

 

 

1.21

 

 

 

-

 

 

 

-

 

Granted

 

 

897,000

 

 

 

2.52

 

 

 

10

 

 

 

-

 

Options outstanding at March31, 2023

 

 

5,033,275

 

 

$

3.38

 

 

 

6.42

 

 

$

4,724,980

 

Options exercisable at March 31, 2023 (vested)

 

 

3,894,776

 

 

$

3.04

 

 

 

6.72

 

 

 

4,550,343

 

Schedule of assumptions

 

 

March 31,

2024

 

 

March 31,

2023

 

Dividend rate

 

 

-

 

 

 

-

 

Risk free interest rate

 

 

3.95%

 

2.07-4.06

Expected term

 

 

1

 

 

 

1

 

Expected volatility

 

 

63%

 

70-77

%

Grant date stock price

 

$1.47

 

 

$

 3.87-5.30