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Capital Stock (Tables)
 9 Months Ended
Mar. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Activity Under Stock Incentive and Compensation Plans A summary of stock option activity under the Stock Incentive and Compensation Plans as of March 31, 2022 is presented below:

 

Options

 

Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted-
Average Remaining
Contractual Term (Years)

 

 

Aggregate
Intrinsic Value

 

Outstanding at June 30, 2020

 

 

1,243,995

 

 

$

1.20

 

 

 

3.63

 

 

$

165,600

 

Granted

 

 

755,000

 

 

 

1.13

 

 

 

4.44

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding at June 30, 2021

 

 

1,998,995

 

 

$

1.17

 

 

 

3.31

 

 

$

—

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

$

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

(190,000

)

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding at March 31, 2022

 

 

1,808,995

 

 

$

1.14

 

 

 

2.67

 

 

$

—

 

Exercisable at March 31, 2022

 

 

1,151,662

 

 

$

1.15

 

 

 

2.72

 

 

$

—

 
Summary of Status of Non-Vested Options

A summary of the status of Paramount’s non-vested options as at March 31, 2022 is presented below:

 

Non-vested Options

 

Options

 

 

Weighted-
Average Grant-
Date Fair Value

 

Non-vested at June 30, 2020

 

 

943,992

 

 

$

0.51

 

Granted

 

 

755,000

 

 

 

0.56

 

Vested

 

 

(664,994

)

 

 

0.50

 

Forfeited or expired

 

 

—

 

 

 

—

 

Non-vested at June 30, 2021

 

 

1,033,998

 

 

$

0.55

 

Granted

 

 

—

 

 

 

—

 

Vested

 

 

(288,332

)

 

 

0.53

 

Forfeited or expired

 

 

(88,333

)

 

 

0.73

 

Non-vested at March 31, 2022

 

 

657,333

 

 

$

0.55

 
Summary of RSUs Activity

A summary of RSUs activity is summarized as follows:

 

Restricted Share Unit Activity

 

Outstanding RSUs

 

 

Weighted average grant date fair value

 

Outstanding at June 30, 2020

 

 

—

 

 

$

—

 

Granted

 

 

—

 

 

 

—

 

Vested

 

 

—

 

 

 

—

 

Forfeited

 

 

—

 

 

 

—

 

Outstanding at June 30, 2021

 

 

—

 

 

$

—

 

Granted

 

 

701,000

 

 

$

0.65

 

Vested

 

 

—

 

 

 

—

 

Forfeited

 

 

—

 

 

 

—

 

Outstanding at March 31, 2022

 

 

701,000

 

 

$

0.65

 
Black-Scholes option valuation model  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Fair Value of Options Calculated Using Black-Scholes Option Valuations Method

The fair value for these options was calculated using the Black-Scholes option valuations method. The weighted average assumptions used for the nine-month period ended March 31, 2022 and nine-month period ended March 31, 2021 were as follows:

 

 

 

Nine-Month
Period Ended March 31, 2022

 

Nine-Month
Period Ended March 31, 2021

 

Weighted average risk-free interest rate

 

N/A

 

 

0.22

%

Weighted-average volatility

 

N/A

 

 

60

%

Expected dividends

 

N/A

 

$

0.00

 

Weighted average expected term (years)

 

N/A

 

 

5.00

 

Weighted average fair value

 

N/A

 

$

0.57