Equity (Tables)

6 Months Ended

Dec. 31, 2020

Equity [Abstract]

Schedule of Warrant Activities

A summary of the Company’s warrant activities is as follows:

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Life (Years)		Intrinsic Value
Outstanding and Exercisable, June 30, 2020		5,276,592		$	4.28		0.86	$	14,654,296
Issued		1,000,000			8.00		3.00		-
Exercised		(1,119,871	)		3.85				2,694,041
Expired		-
Outstanding and Exercisable, December 31, 2020		5,156,722		$	5.09		0.77	$	8,561,967

Schedule of Stock Option Activity

A summary of the Company’s stock option activity is as follows:

	Number of Options			Weighted Average Exercise Price
Outstanding, June 30, 2020		51,942			10.50
Granted		408,400			4.82
Exercised		-			-
Cancelled		(3,333	)
Outstanding, December 31, 2020		457,009		$	5.42

Schedule of Weighted Average Assumptions Valued Using Black-Scholes Option Pricing Model

The options granted during the six months ended December 31, 2020 were valued using the Black-Scholes option pricing model using the following weighted average assumptions:

	Six Months Ended December 31, 2020
Expected term, in years		2.63
Expected volatility		128.5	%
Risk-free interest rate		0.33	%
Dividend yield		-
Grant date fair value	$	4.60