SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Mar. 31, 2022

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 March 31,						Nine Months Ended March 31,
	2022			2021			2022			2021
Employee stock options		$	60,045		$	45,312		$	187,059		$	186,528
Restricted stock awards			138,478			31,604			489,875			85,681
Totals		$	198,523		$	76,916		$	676,934		$	272,209

Stock Option Activity

The following is a summary of the stock option activity for the nine months ended March 31, 2022:

	Shares			Weighted Average Exercise Price
Outstanding, June 30, 2021		2,235,286		$	1.24
Granted		249,793		$	2.66
Exercised		(532,976	)	$	1.22
Forfeited		(24,753	)	$	1.04
Expired		(169,297	)	$	3.12
Outstanding, March 31, 2022		1,758,053		$	1.27

Stock Options Outstanding

The following table summarizes information about stock options outstanding at March 31, 2022:

Options Outstanding						Options Exercisable						Options Vested or Expected to Vest
Balance as of 3/31/2022		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 3/31/2022		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 3/31/2022		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
	1,758,053		6.53	$	1.27		1,289,070		5.64	$	1.08		1,688,085		6.42	$	1.25

Restricted Stock Activity

The following is a summary of the restricted stock activity for the nine months ended March 31, 2022:

	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, March 31, 2022		178,750		$	2.75