Capital Stock Transactions

12 Months Ended

Jun. 30, 2019

Capital stock transactions [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Capital Stock Transactions

Stock Option Plans

As of June 30, 2019, the Company had in effect two employee stock option plans that provide for incentive and non-qualified stock options. After accounting for shares issued upon exercise of options, a total of 213,000 shares of the Company’s common stock remain available for issuance as of June 30, 2019. Under the terms of the plans, options may not be granted for less than the fair market value of the Common Stock at the date of grant. Vesting generally occurs ratably between one and five years and for non-employee directors, immediately, and the options are exercisable over a period no longer than 10 years after the grant date. As of June 30, 2019, options to purchase 213,000 shares of the Company’s common stock were outstanding, of which 213,000 were exercisable, and 0 shares were unvested.

The following is a summary of Escalon’s stock option activity and related information for the fiscal years ended June 30, 2019 and 2018:

	2019				2018
	Common Stock Options		Weighted Average Exercise Price		Common Stock Options		Weighted Average Exercise Price
Outstanding at the beginning of the year	367,500		$	1.78	502,000		$	2.12
Granted	—		—		—		—
Exercised	—		—		—		—
Forfeited	(154,500	)	2.21		(134,500	)	$	3.05
Outstanding at the end of the year	213,000		$	1.48	367,500		$	1.78
Exercisable at the end of the year	213,000		$	1.48	367,500		1.78
Weighted average fair value of options granted during the year			$	—			$	—

The following table summarizes information about stock options outstanding as of June 30, 2019:

	Number Outstanding at June 30, 2019	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price		Number Exercisable at June 30, 2019	Weighted Average Exercise Price
Range of Exercise Prices
$0.79	21,000	6.83	$	0.79	21,000	$	0.79
$1.45 to $2.12	192,000	3.52	$	1.55	192,000	$	1.55
Total	213,000				213,000

There was no compensation expense related to stock options for the years ended June 30, 2019 and 2018.