XML 49 R23.htm IDEA: XBRL DOCUMENT v3.22.2.2
Capital Stock (Tables)
 12 Months Ended
Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Option Activity Under Stock Incentive and Compensation Plan

A summary of option activity under the Stock Incentive and Compensation Plan as of June 30, 2022 and 2021, and changes during the years ended June 30, 2022 and 2021 are 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

)

 

 

1.42

 

 

 

1.48

 

 

 

—

 

Outstanding at June 30, 2022

 

 

1,808,995

 

 

$

1.14

 

 

 

2.42

 

 

$

—

 

Exercisable at June 30, 2022

 

 

1,151,662

 

 

$

1.15

 

 

 

2.47

 

 

$

—

 
Summary of Status of Non-Vested Options

A summary of the status of Paramount’s non-vested options as of June 30, 2022 and 2021 and changes during the years ended June 30, 2022 and 2021 are 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 June 30, 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 June 30, 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 fiscal years ending June 30, 2022 and 2021 were as follows:

 

 

2022

 

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