SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Dec. 31, 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 December 31,						Six Months Ended December 31,
	2021			2020			2021			2020
Employee stock options		$	57,448		$	50,176		$	127,014		$	141,216
Restricted stock awards			141,556			37,762			351,397			54,077
Totals		$	199,004		$	87,938		$	478,411		$	195,293

Stock Option Activity

The following is a summary of the stock option activity for the six months ended December 31, 2021:

	Shares			Weighted Average Exercise Price
Outstanding, June 30, 2021		2,235,286		$	1.24
Granted		142,793		$	2.92
Exercised		(439,227	)	$	1.24
Forfeited		(14,584	)	$	0.89
Expired		(60,079	)	$	1.52
Outstanding, December 31, 2021		1,864,189		$	1.36

Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2021:

Options Outstanding						Options Exercisable						Options Vested or Expected to Vest
Balance as of 12/31/2021		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 12/31/2021		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 12/31/2021		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
	1,864,189		6.31	$	1.36		1,463,550		5.59	$	1.29		1,805,494		6.23	$	1.36

Restricted Stock Activity

The following is a summary of the restricted stock activity for the six months ended December 31, 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, December 31, 2021		178,750		$	2.75