SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Sep. 30, 2019

SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION [Abstract]

Stock Based Compensation

The following table summarizes the components of the Company’s stock-based compensation included in net income for the periods presented:

	Three Months Ended September 30,
	2019		2018
Employee stock options	$	63,876	$	58,172
Restricted stock awards		148,504		13,004
Totals	$	212,380	$	71,176

Stock Option Activity

The following is a summary of the stock option activity for the three months ended September 30, 2019:

	Shares			Weighted Average Exercise Price
Outstanding, June 30, 2019		2,523,638		$	1.41
Granted		70,000		$	1.33
Expired		(15,600	)	$	0.46
Outstanding, September 30, 2019		2,578,038		$	1.41

Information About Stock Options Outstanding

The following table summarizes information about stock options outstanding at September 30, 2019:

Options Outstanding						Options Exercisable						Options Vested or Expected to Vest
Balance as of 9/30/2019		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 9/30/2019		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 9/30/2019		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
	2,578,038		6.82	$	1.41		2,081,763		6.35	$	1.49		2,497,408		6.75	$	1.42

Restricted Stock Activity

The following is a summary of the restricted stock activity for the three months ended September 30, 2019:

	Shares			Weighted Average Grant Date Fair Value
Unvested, June 30, 2019		129,500		$	1.07
Granted		325,000		$	1.57
Vested		(128,341	)	$	1.07
Canceled		(1,159	)	$	1.07
Unvested, September 30, 2019		325,000		$	1.57