SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Dec. 31, 2023

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,
	2023		2022		2023		2022
Employee stock options	$	67,174	$	49,704	$	118,618	$	122,202
Restricted stock awards		-		28,789		-		52,523
Totals	$	67,174	$	78,493	$	118,618	$	174,725

Stock Option Activity

Stock Options –The following is a summary of the stock option activity for the six months ended December 31, 2023:

	Shares			Weighted Average Exercise Price
Outstanding, June 30, 2023		1,817,665		$	1.24
Granted		1,058,612		$	0.35
Forfeited		(25,166	)	$	1.88
Expired		(99,334	)	$	2.05
Outstanding, December 31, 2023		2,751,777		$	0.86

Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2023:

Options Outstanding						Options Exercisable						Options Vested or Expected to Vest
Balance as of 12/31/2023		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 12/31/2023		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Balance as of 12/31/2023		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
	2,751,777		7.42	$	0.86		1,734,641		6.06	$	1.06		2,683,732		7.36	$	0.87