LONG-TERM INCENTIVE PLAN AWARDS (Tables)

3 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

						Weighted-
						Average
				Weighted-		Remaining
				Average		Contractual		Aggregate
				Exercise		Life		Intrinsic
Options	Shares			Price		(In Years)		Value
Outstanding as of June 30, 2021		484,000		$	3.67		2.83	$	2,662,830
Granted		–			–		–		–
Exercised		(3,999	)		5.40		–		–
Cancelled		–			–		–		–
Forfeited or expired		(3,000	)		5.40		–		–
Outstanding as of September 30, 2021		477,001		$	3.64		2.56	$	1,725,372
Exercisable as of September 30, 2021		303,622		$	2.64		0.70	$	1,402,888

The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based upon the Company’s closing stock price of $7.26 as of September 30, 2021, which would have been received by the option holders had all option holders exercised their options as of that date. The weighted-average grant-date fair value of stock options outstanding as of September 30, 2021, in the amount of 477,001 shares was $3.00 per share. As of September 30, 2021, there was unrecognized compensation cost of $700,605 related to non-vested stock options granted.

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			–		–
Exercised		(13,000	)		(1.34	)		–		–
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