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STOCKHOLDERS’ EQUITY (Tables)
 12 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of the warrants granted
The Company has utilized the following assumptions in its Black-Scholes warrant valuation model to calculate the estimated grant date fair value of the warrants during the years ended June 30, 2022 and 2021:
20222021
Volatility - range
63.5% - 65.0%
63.5% - 65.8%
Risk-free rate
0.7% - 3.6%
0.2% - 0.9%
Contractual term
4 years - 10 years
4.0 - 5.0 years
Exercise price
$0.36 - $3.75
$0.75 - $3.75
Schedule of the Warrants granted, exercised, forfeited and expired
A summary of the warrants granted, exercised, forfeited, and expired are presented in the table below:
Number of WarrantsWeighted-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, 20207,858,741$1.52 $1.92 $9,234,295 3
Granted1,439,5561.00 3.00 3,938,467 0.80
Exercised(166,667)0.75 — — 0
Forfeited—— — — 0
Expired(835,222)5.48 4.17 (1,014,295)0
Outstanding June 30, 20218,296,408$1.05 $1.90 $12,158,467 2.2
Granted300,0000.36 0.26 35,500 9.9
Exercised—— — — 0
Forfeited—— — — 0
Expired(1,825,185)0.75 0.28 (1,950,000)0
Outstanding June 30, 20226,771,223$1.05 $1.94 $10,243,967 2.4
Vested and exercisable June 30, 20225,770,2630.99 1.90 8,710,260 2.4
Non-vested June 30, 20221,000,960$1.35 $2.20 $1,533,707 3.5
Schedule of Range of exercise prices
The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable warrants under the Company’s warrant plans as of June 30, 2022.
Outstanding Warrant SharesExercisable Warrant Shares
Exercise price rangeNumber of Warrant SharesWeighted average remaining contractual lifeNumber of Warrant SharesWeighted average remaining contractual life
$0.75 5,476,2222.4 years4,903,1182.3 years
$0.36 125,0009.2 years——
$1.24 150,0003.3 years75,0003.3 years
$1.50 400,0001.9 years400,0001.9 years
$1.95 26,6673.5 years8,9083.5 years
$0.84 25,0003.5 years12,5003.5 years
$3.00 66,6672.7 years66,6672.7 years
$3.75 501,6682.7 years304,0703.0 years
6,771,2242.4 years5,770,2632.4 years
Schedule of fair value of the options
The Company has utilized the following assumptions in its Black-Scholes option valuation model to calculate the estimated grant date fair value of the options during the year ended June 30, 2022 :
2022
Volatility - range
64.2% - 65.2%
Risk-free rate
0.7% - 1.2%%
Contractual term3.0 years
Exercise price
$1.49 - $3.75
Schedule of options granted to employee
A summary of the Options granted to employees under the Plan as of June 30, 2022, are presented in the table below:
Number of OptionsWeighted-Average Exercise
Price		Weighted-Average Grant-
Date Fair Value		Aggregate Intrinsic Value of
Outstanding Option Shares		Weighted-Average
Remaining Contractual
Term (in years)
Outstanding June 30, 20203,377,222$1.10 $1.06 $2,030,000 0.7
Granted—— — — —
Exercised(222,222)0.75 — — —
Forfeited—— — — —
Cancelled(66,667)0.75 3.12 (200,001)—
Outstanding June 30, 20213,088,3331.13 1.06 1,829,999 0.4
Granted720,1692.51 1.18 (5,767)3
Exercised—— — — —
Forfeited—— — — —
Cancelled(150,669)— — — —
Outstanding June 30, 20223,657,8331.39 1.12 1,824,232 0.6
Vested and exercisable June 30, 20222,997,9721.04 1.09 1,806,539 0.2
Non vested June 30, 2022659,861$2.96 $1.28 $17,693 2.3
Schedule of range of exercise prices and weighted average remaining contractual life for outstanding and exercisable options
The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable options under the Company’s option plans as of June 30, 2022.
 Outstanding Options 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 2,456,6660.1 years2,534,4440.1 years
$1.49 10,0002.4 years0—
$1.50 200,0000.0 years200,0000.0 years
$2.08 245,0011.9 years3,8891.5 years
$2.61 344,5003.0 years57,4173.0 years
$2.84 —0.0 years——
$3.00 —0.7 years——
$3.75 401,6661.0 years202,2220.7 years
3,657,8330.6 years2,997,9720.2 years