8. LONG-TERM INCENTIVE PLAN AWARDS (Tables)

9 Months Ended

Mar. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of the status of our stock options is presented below as of March 31, 2019:

					Weighted-
					Average
			Weighted-		Remaining
			Average		Contractual		Aggregate
			Exercise		Life		Intrinsic
Options	Shares		Price		(In Years)		Value
Outstanding as of June 30, 2018		299,000	$	1.04		2.75	$	241,220
Granted		–		–		–		–
Exercised		–		–		–		–
Cancelled		–		–		–		–
Forfeited or Expired		–		–		–		–
Outstanding as of March 31, 2019		299,000	$	1.04		2.00	$	525,270
Exercisable as of March 31, 2019		299,000	$	1.04		2.00	$	525,270

A summary of the status of our stock options is presented below as of March 31, 2018:

							Weighted-
							Average
				Weighted-			Remaining
				Average			Contractual		Aggregate
				Exercise			Life		Intrinsic
Options	Shares			Price			(In Years)		Value
Outstanding as of June 30, 2017		399,000		$	1.12			4.05	$	451,820
Granted		–			–			–		–
Exercised		(50,000	)		(1.34	)		4.21		(99,000	)
Cancelled		–			–			–		–
Forfeited or Expired		–			–			–		–
Outstanding as of March 31, 2018		349,000		$	1.09			3.17	$	312,090
Exercisable as of March 31, 2018		349,000		$	1.09			3.17	$	312,090