8. LONG-TERM INCENTIVE PLAN AWARDS (Tables)

3 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of the status of our stock options is presented below as of September 30, 2020: 

							Weighted-
							Average
				Weighted-			Remaining
				Average			Contractual		Aggregate
				Exercise			Life		Intrinsic
Options	Shares			Price			(In Years)		Value
Outstanding as of June 30, 2020		251,291		$	1.05			1.95	$	1,124,525
Granted		299,000			4.04			4.79		3,166,410
Exercised		(13,000	)		(1.34	)		–		(207,870	)
Cancelled		–			–			–		–
Forfeited or Expired		–			–			–		–
Outstanding as of September 30, 2020		537,291		$	2.65			3.42	$	6,731,502
Exercisable as of September 30, 2020		537,291		$	1.03			1.70	$	3,565,092

A summary of the status of our stock options is presented below as of September 30, 2019: 

					Weighted-
					Average
			Weighted-		Remaining
			Average		Contractual		Aggregate
			Exercise		Life		Intrinsic
Options	Shares		Price		(In Years)		Value
Outstanding as of June 30, 2019		299,000	$	1.04		2.75	$	420,620
Granted		–		–		–		–
Exercised		–		–		–		–
Cancelled		–		–		–		–
Forfeited or Expired		–		–		–		–
Outstanding as of September 30, 2019		299,000	$	1.04		2.50	$	354,840
Exercisable as of September 30, 2019		299,000	$	1.04		2.50	$	354,840