Share-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2022

Share-Based Payment Arrangement [Abstract]

Stock option transactions during the nine months ended March 31, 2022 are summarized as follows:

Stock option transactions during the nine months ended March 31, 2022 are summarized as follows:

	Number of Shares			Weighted Average Exercise Price per Share
Outstanding at June 30, 2021		468,049		$	4.98
Granted		81,326		$	11.52
Exercised		(28,667	)	$	5.45
Cancelled or Forfeited		(15,866	)	$	11.30
Outstanding at March 31, 2022		504,842		$	5.81

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

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

	Nine Months Ended March 31, 2022		Fiscal Year Ended June 30, 2021
Risk-free interest rate		0.89 - 1.93%		0.31 - 0.59%
Expected term (years)		6		6
Expected volatility		56 - 64%		283 - 335%