SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Dec. 31, 2020

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 December 31,				Six Months Ended December 31,
	2020		2019		2020		2019
Employee stock options	$	50,176	$	48,189	$	141,216	$	112,064
Restricted stock awards		37,762		98,536		54,077		247,041
Totals	$	87,938	$	146,725	$	195,293	$	359,105

Stock Option Activity

The following is a summary of the stock option activity for the six months ended December 31, 2020:

	Shares			Weighted Average Exercise Price
Outstanding, June 30, 2020		2,809,095		$	1.19
Granted		358,033		$	0.93
Exercised		(126,666	)	$	0.91
Expired		(56,000	)	$	1.90
Outstanding, December 31, 2020		2,984,462		$	1.16

Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2020:

Options Outstanding						Options Exercisable						Options Vested or Expected to Vest
Balance as of 12/31/2020		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 12/31/2020		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 12/31/2020		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
	2,984,462		6.03	$	1.16		2,423,679		5.23	$	1.22		2,900,315		5.94	$	1.16

Restricted Stock Activity

The following is a summary of the restricted stock activity for the six months ended December 31, 2020:

	Shares			Weighted Average Grant Date Fair Value
Unvested, June 30, 2020		162,500		$	1.57
Granted		178,750		$	0.72
Canceled		(162,500	)	$	1.57
Unvested, December 31, 2020		178,750		$	0.72