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9. LONG-TERM INCENTIVE PLAN AWARDS (Tables)
6 Months Ended
Dec. 31, 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 December 31, 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       5.40              
Exercised     (47,291 )     (1.18 )            
Cancelled                        
Forfeited or Expired     (4,000 )     (5.40 )            
Outstanding as of December 31, 2020     499,000     $ 3.61       3.27     $ 9,926,890  
                                 
Exercisable as of December 31, 2020     204,000     $ 3.61       1.45     $ 4,587,390