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STOCKBASED COMPENSATION (Tables)
6 Months Ended
Dec. 31, 2023
STOCKBASED COMPENSATION  
Valuation assumptions

 

 

Six months ended December 31,

 

 

Year ended June 30,

 

 

 

2023

 

 

2023

 

Expected volatility

 

 

-

%

 

-

%

Expected term

 

 

-

 

 

 

-

 

Risk-free interest rate

 

 

-

%

 

-

%

Forfeiture Rate

 

 

-

%

 

-

%

Expected dividend yield

 

 

-

%

 

-

%

Schedule of stock options outstanding

 

 

 

 

 

Weighted Average

 

 

Grant Date

 

 

Aggregate

 

 

Weighted

Average

 

 

 

 

 

 

Exercise

 

 

Fair

 

 

Intrinsic

 

 

Remaining

 

 

 

Shares

 

 

Price

 

 

Value

 

 

Value

 

 

Term (Yrs)

 

Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At June 30, 2023

 

 

2,222

 

 

$27.00

 

 

$-

 

 

$0

 

 

 

2.33

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeiture and cancelled

 

 

-

 

 

 

-

 

 

 

 

 

 

 

-

 

 

 

-

 

At December 31, 2023

 

 

2,222

 

 

$27.00

 

 

$-

 

 

$0

 

 

 

2.33

 

Schedule of employee outstanding stock options

 

 

 

Outstanding Options

 

 

Vested Options

 

 

 

 

Number

 

 

 

 

 

 

Number

 

 

 

 

 

 

 

 

Outstanding

 

 

Weighted

 

 

Weighted

 

 

Exercisable

 

 

Weighted

 

 

Weighted

 

 

 

 

at

 

 

Averaged

 

 

Averaged

 

 

at

 

 

Averaged

 

 

Averaged

 

 

 

 

December 31,

 

 

Remaining

 

 

Exercise

 

 

December 31,

 

 

Exercise

 

 

Remaining

 

Range of Exercise Price

 

 

2023

 

 

Life

 

 

Price

 

 

2023

 

 

Price

 

 

Life

 

$27.00

 

 

 

2,222

 

 

 

2.33

 

 

$27.00

 

 

 

2,222

 

 

$27.00

 

 

 

2.33

 

Outstanding options

 

 

 

2,222

 

 

 

2.33

 

 

$27.00

 

 

 

2,222

 

 

$27.00

 

 

 

2.33

 

Schedule of restricted stock activity

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

Unvested at June 30, 2023

 

 

7,297,475

 

 

$0.06

 

Granted

 

 

35,425,000

 

 

$0.0169

 

Forfeited

 

 

-

 

 

$-

 

Vested

 

 

(42,409,999 )

 

$0.022

 

Unvested at December 31, 2023

 

 

312,476

 

 

$0.289