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STOCKHOLDERS EQUITY (Tables)
6 Months Ended
Dec. 31, 2021
STOCKHOLDERS EQUITY  
Schedule of Deferred compensation

 

 

 Amount

 

 

 Unvested Shares

 

Deferred compensation balance recorded at acquisition date

 

$9,680,000

 

 

 

3,623,433

 

Vested portion of deferred compensation in fiscal year 2021

 

 

(362,000 )

 

 

(135,425 )

Unamortized deferred compensation at June 30, 2021

 

 

9,318,000

 

 

 

3,488,008

 

Vested portion of deferred compensation in six months ending December 31, 2021

 

 

(1,610,000 )

 

 

(602,804 )

Unamortized deferred compensation at December 31, 2021

 

$7,708,000

 

 

 

2,885,204

 

Schedule of the warrants granted

 

 

2021

 

 

2020

 

Volatility - range

 

 

64.0%

 

63.5% - 64.4

Risk-free rate

 

 

0.9%

 

0.2% - 0.3

Contractual term

 

5.0 years

 

 

4.0 - 5.0 years

 

Exercise price

 

$1.24

 

 

$0.75 - $3.00

 
Schedule of Range of exercise prices and weighted average

 

 

Number of Warrants

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Grant-Date Fair Value

 

 

Aggregate Intrinsic Value of Outstanding Warrant Shares

 

 

Weighted-Average Remaining Contractual Term (in years)

 

Outstanding July 1, 2021

 

 

8,296,408

 

 

 

1.05

 

 

 

1.90

 

 

 

12,158,467

 

 

 

2.2

 

Granted

 

 

150,000

 

 

 

1.24

 

 

 

0.66

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired/Forfeited

 

 

(185,185)

 

 

5.00

 

 

 

12.00

 

 

 

-

 

 

 

-

 

Outstanding December 31, 2021

 

 

8,261,223

 

 

 

0.98

 

 

 

1.63

 

 

 

2,944,984

 

 

 

1.7

 

Vested and exercisable June 30, 2021

 

 

7,055,736

 

 

 

0.88

 

 

 

1.50

 

 

 

2,667,549

 

 

 

1.9

 

Non-vested December 31, 2021

 

 

1,205,486

 

 

 

1.51

 

 

 

2.42

 

 

 

277,435

 

 

 

0.8

 

Schedule of the Warrants granted, exercised, forfeited and expired

 

 

Number of Warrant Shares

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Grant-Date Fair Value

 

 

Aggregate Intrinsic Value of Outstanding Warrant Shares

 

 

Weighted-Average Remaining Contractual Term (in years)

 

Outstanding July 1, 2020

 

 

7,858,741

 

 

$1.52

 

 

$1.92

 

 

$9,234,295

 

 

 

3.0

 

Granted

 

 

590,000

 

 

 

0.75

 

 

 

3.15

 

 

 

1,967,500

 

 

 

4.3

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired/Forfeited

 

 

(88,888)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding December 31, 2020

 

 

8,359,851

 

 

 

1.24

 

 

 

1.87

 

 

 

11,037,350

 

 

 

2.8

 

Vested and exercisable December 31, 2020

 

 

7,241,518

 

 

 

1.22

 

 

 

1.69

 

 

 

8,367,683

 

 

 

2.6

 

Non-vested December 31, 2020

 

 

1,118,333

 

 

$1.39

 

 

$2.97

 

 

$2,669,667

 

 

 

3.7

 

 

 

Number of Options

 

 

 Weighted-Average Exercise Price

 

 

 Weighted-Average Grant-Date Fair Value

 

 

 Aggregate Intrinsic Value of Outstanding Option Shares

 

 

 Weighted-Average Remaining Contractual Term (in years)

 

Outstanding July 1, 2021

 

 

3,088,333

 

 

$1.13

 

 

$1.06

 

 

 

1,829,999

 

 

 

0.4

 

Granted

 

 

720,169

 

 

 

3.46

 

 

 

1.49

 

 

 

-

 

 

 

2.8

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired/Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding December 31, 2021

 

 

3,808,502

 

 

 

1.39

 

 

 

1.13

 

 

 

1,044,134

 

 

 

0.8

 

Vested and exercisable December 31, 2021

 

 

2,912,778

 

 

 

0.92

 

 

 

1.11

 

 

 

1,009,056

 

 

 

0.2

 

Non vested December 31, 2021

 

 

895,724

 

 

$2.91

 

 

$1.39

 

 

$35,078

 

 

 

2.8

 

 

 

Number of Option Shares

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Grant-Date Fair Value

 

 

Aggregate Intrinsic Value of Outstanding Option Shares

 

 

Weighted-Average Remaining Contractual Term (in years)

 

Outstanding July 1, 2020

 

 

3,377,222

 

 

$1.10

 

 

$1.06

 

 

$2,030,000

 

 

 

0.7

 

Granted

 

 

76,667

 

 

 

3.75

 

 

 

1.61

 

 

 

-

 

 

 

2.8

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

 -

 

 

 

-

 

 

 

-

 

Expired

 

 

(143,333)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding December 31, 2020

 

 

3,310,556

 

 

 

1.10

 

 

 

1.01

 

 

 

1,830,000

 

 

 

0.5

 

Vested and exercisable December 31, 2020

 

 

2,714,893

 

 

 

0.80

 

 

 

0.89

 

 

 

1,351,901

 

 

 

0.3

 

Non-vested December 31, 2020

 

 

595,663

 

 

$2.49

 

 

$1.82

 

 

$478,099

 

 

 

1.6

 

Schedule of fair value of the options

 

 

 

 2021

 

 

 2020

 

Volatility - range

 

 

64.2%–64.9

 

 

 

64.8%

Risk-free rate

 

 

0.9–1.2%

 

 

 

0.3%

Contractual term

 

 

3.0 years

 

 

3.0 years

 

Exercise price

 

$

1.49 - $3.75

 

 

 

$3.75

 

Schedule of range of exercise prices and weighted average remaining contractual life for outstanding and exercisable options

 

 

 

 Outstanding Warrant Shares

 

 

 Exercisable Warrant Shares

 

 Exercise price range

 

 

 Number of Warrant Shares

 

 

 Weighted average remaining contractual life

 

 

 Number of Warrant Shares

 

 

 Weighted average remaining contractual life

 

$

0.75

 

 

 

7,182,889

 

 

1.7 years

 

 

 

6,424,070

 

 

2.0 years

 

$

1.24

 

 

 

150,000

 

 

 

-

 

 

 

-

 

 

 

-

 

$

1.50

 

 

 

400,000

 

 

2.4 years

 

 

 

400,000

 

 

2.7 years

 

$

1.95

 

 

 

26,667

 

 

 

-

 

 

 

-

 

 

 

-

 

$

3.75

 

 

 

435,000

 

 

2.5 years

 

 

 

165,000

 

 

5.7 years

 

$

3.00

 

 

 

66,667

 

 

3.2 years

 

 

 

66,667

 

 

3.4 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,261,223

 

 

1.7 years

 

 

 

7,055,736

 

 

1.9 years

 

 

 

 

 Outstanding Warrant Shares

 

 Exercisable Warrant Shares

 

 Exercise price range

 

 

 Number of Warrant Shares

 

 

 Weighted average remaining contractual life

 

 Number of Warrant Shares

 

 

 Weighted average remaining contractual life

 

$

0.75

 

 

 

7,188,333

 

 

2.8 years

 

 

6,341,667

 

 

2.7 years

 

$

1.50

 

 

 

400,000

 

 

3.4 years

 

 

266,667

 

 

3.5 years

 

$

1.95

 

 

 

26,666

 

 

4.8 years

 

 

-

 

 

 

-

 

$

2.25

 

 

 

6,666

 

 

4.8 years

 

 

-

 

 

 

-

 

$

3.00

 

 

 

76,667

 

 

0.6 years

 

 

3,333

 

 

4.6 years

 

$

3.75

 

 

 

368,333

 

 

3.9 years

 

 

230,000

 

 

4.0 years

 

$

6.00

 

 

 

381,333

 

 

0.2 years

 

 

381,333

 

 

0.2 years

 

$

27.00

 

 

 

18,518

 

 

0.6 years

 

 

18,518

 

 

0.6 years

 

 

 

 

 

 

8,359,851

 

 

2.8 years

 

 

7,241,518

 

 

2.6 years

 

 

 

 

 Outstanding Option Shares

 

 

 Exercisable Option Shares

 

 Exercise price range

 

 

 Number of Option Shares

 

 

 Weighted average remaining contractual life

 

 

 Number of Option Shares

 

 

 Weighted average remaining contractual life

 

$

0.75

 

 

 

2,546,667

 

 

 

0.2

 

 

 

2,594,444

 

 

 

0.1

 

$

1.49

 

 

 

10,000

 

 

 

2.9

 

 

 

-

 

 

 

-

 

$

1.50

 

 

 

200,000

 

 

 

-

 

 

 

200,000

 

 

 

-

 

$

2.08

 

 

 

258,334

 

 

 

2.4

 

 

 

-

 

 

 

-

 

$

2.61

 

 

 

383,500

 

 

 

3.5

 

 

 

-

 

 

 

-

 

$

2.84

 

 

 

1,667

 

 

 

3.5

 

 

 

-

 

 

 

-

 

$

3.75

 

 

 

408,334

 

 

 

1.5

 

 

 

118,333

 

 

 

1.2

 

 

 

 

 

 

3,808,502

 

 

 

0.8

 

 

 

2,912,778

 

 

 

0.2

 

 

 

 

 Outstanding Option Shares

 

 

 Exercisable Option Shares

 

 Exercise price range

 

 

 Number of Option Shares

 

 

 Weighted average remaining contractual life

 

 

 Number of Option Shares

 

 

 Weighted average remaining contractual life

 

$

0.75

 

 

 

2,768,889

 

 

 

0.3

 

 

 

2,543,782

 

 

 

0.2

 

$

1.50

 

 

 

200,000

 

 

 

0.8

 

 

 

166,667

 

 

 

0.7

 

$

3.75

 

 

 

341,667

 

 

 

2.2

 

 

 

4,444

 

 

 

1.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,310,556

 

 

 

0.5

 

 

 

2,714,893

 

 

 

0.3