SHARE-BASED COMPENSATION (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jul. 02, 2020 |
Mar. 31, 2021 |
Feb. 28, 2021 |
Feb. 28, 2020 |
Mar. 31, 2022 |
Mar. 31, 2021 |
Mar. 31, 2022 |
Mar. 31, 2021 |
Jun. 30, 2021 |
Dec. 31, 2016 |
Dec. 31, 2014 |
|
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Number of awards granted during period | 40,000 | ||||||||||
Weighted-average remaining contractual life | 6 months 14 days | ||||||||||
Intrinsic value | $ 96,000 | $ 96,000 | |||||||||
Compensation descrption | the Compensation Committee of our Board of Directors granted 62,000 stock options to our directors and certain employees under the 2016 Equity Incentive Plan. Whether any stock options vest, and the amount that does vest, is tied to the completion of service periods that range from 4 months to 1.3 years at inception and the achievement of our common stock trading at certain pre-determined prices. Of these stock options, 4,250 were forfeited and the remaining 57,750 vested on July 1, 2021, as our common stock met the pre-determined prices set forth in the underlying agreements. We recorded compensation expense of $59,000 for the three and nine months ended March 31, 2021, related to these options. The weighted fair value of the stock option awards granted was $3.16, calculated using a Monte Carlo simulation. | ||||||||||
Contributions price per share | $ 21.11 | $ 27.12 | |||||||||
Purchase of shares | 27,039 | ||||||||||
Director [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Number of forfeited awards shares during period | 48,000 | 17,500 | |||||||||
Weighted average fair value | $ 20.34 | $ 16.90 | |||||||||
Non Qualified Stock Options [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Number of awards granted during period | 372,000 | ||||||||||
Performance Shares [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Number of awards granted during period | 40,000 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award | the completion of service periods that range from 7 months to 9.5 years at inception and the achievement of our common stock trading at certain pre-determined prices. The weighted average fair value of the performance awards granted was $4.46, calculated using the weighted average fair market value for each award, using a Monte Carlo simulation. | ||||||||||
Share-based compensation expense | 81,000 | $ 21,000 | $ 123,000 | $ 63,000 | |||||||
Unrecognized compensation cost | 393,000 | $ 393,000 | |||||||||
Weighted-average period | 2 years 2 months 19 days | ||||||||||
Number of shares issued | 25,629 | ||||||||||
Participant-related payroll tax liabilities | $ 259,000 | ||||||||||
E S P P [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Share-based compensation expense | 5,000 | 6,000 | $ 11,000 | 10,000 | |||||||
Equity Incentive Plan [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Number of shares available to be awarded | 1,500,000 | ||||||||||
Number of awards granted during period | 200,000 | 200,000 | |||||||||
Equity Incentive Plan [Member] | Directors And Certain Employees [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award | the completion of service periods that range from 18 months to 10.5 years from the date of grant and the achievement of our common stock trading at certain pre-determined prices. | ||||||||||
Share-based compensation expense | 271,000 | $ 358,000 | $ 799,000 | $ 376,000 | |||||||
Unrecognized compensation cost | $ 3,400,000 | $ 3,400,000 | |||||||||
Employee Stock Purchase Plan [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Number of shares reserved for future issuance | 704,715 |