SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Sep. 30, 2021

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,
	2021		2020
Employee stock options	$	69,565	$	91,040
Restricted stock awards		209,842		16,315
Totals	$	279,407	$	107,355

Stock Option Activity

Stock Options – The following is a summary of the stock option activity for the three months ended September 30, 2021:

	Shares			Weighted Average Exercise Price
Outstanding, June 30, 2021		2,235,286		$	1.24
Granted		72,500		$	2.67
Exercised		(183,637	)	$	1.40
Forfeited		(14,584	)	$	0.89
Expired		(49,079	)	$	1.27
Outstanding, September 30, 2021		2,060,486		$	1.28

Stock Options Outstanding

The following table summarizes information about stock options outstanding at September 30, 2021:

Options Outstanding						Options Exercisable						Options Vested or Expected to Vest
Balance as of 9/30/2021		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 9/30/2021		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 9/30/2021		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
	2,060,486		6.35	$	1.28		1,525,774		5.42	$	1.30		1,988,851		6.26	$	1.28

Restricted Stock Activity

Restricted Stock – The following is a summary of the restricted stock activity for the three months ended September 30, 2021:

	Shares			Weighted Average Grant Date Fair Value
Unvested, June 30, 2021		178,750		$	0.72
Granted		242,725		$	2.75
Vested		(242,725	)	$	1.25
Unvested, September 30, 2021		178,750		$	2.75