Stock-Based Compensation (Tables)

6 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of assumptions used to estimate fair value of options granted

The following assumptions were used to estimate the fair value of stock options granted:

	Six Months Ended December 31, 2019		Fiscal Year Ended June 30, 2019
Risk-free interest rate	1.85	%		2.36% - 2.77	%
Expected term (years)	6			6
Expected volatility	190.1	%		182.4% - 192.0	%

Schedule of stock option transactions

Stock option transactions during the six months ended December 31, 2019 are summarized as follows:

	Number of Shares			Weighted Average Exercise Price per Share
Outstanding at June 30, 2019		683,000		$	3.84
Granted		149,300		$	5.29
Exercised		(24,000	)	$	3.52
Cancelled or Forfeited		(31,050	)	$	5.30
Outstanding at December 31, 2019		777,250		$	4.07

Schedule of restricted stock transactions

Restricted stock transactions during the six months ended December 31, 2019 are summarized as follows:

	Number of Shares			Weighted Average Grant Date Fair Value per Share
Outstanding Shares of Restricted Stock Unvested at June 30, 2019		29,998		$	5.46
Granted		50,500		$	6.88
Vested		–			–
Forfeited		(3,000	)		9.74
Outstanding Shares of Restricted Stock Unvested at December 31, 2019		77,498		$	6.22