STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Mar. 31, 2025

STOCKHOLDERS' EQUITY

Summary of weighted average assumptions were used for option grants

	March 31,		December 31,
	2025		2024
	Options		Options
Risk-free interest rate	4.35	%	4.22	%
Expected volatility	84	%	84	%
Dividend yield	—	%	—	%
Expected option term in years	2.4		5.5

Summary of outstanding stock options

Range of	Number	Number		Wtd. Avg.
Exercise Price	Outstanding	Exercisable	Wtd. Avg, Life	Exercise Price
$0.65	450,000	250,000	8.79 years	$0.65

Summary of stock repurchase program

$ in Thousands, except shares and dollar per share amounts

				Total Number of	Approximate
				Shares	Dollar Value of
				Purchased as	Shares that May
	Total Number	Average Price		Part of Publicly	Yet Be Purchased
	of Shares	Paid per		Announced Plans	Under the Plans
Period	Purchased	Share		or Programs	or Programs
Mar 23, 2023 - Mar 31, 2023	47,467	$	1.04	47,467	$	951,000
May 18 - Jun 30, 2023	225,153		1.13	225,153		697,000
Nov 1, 2023 - Dec 31, 2023	109,135		0.93	109,135		594,000
Jan 1, 2024 - Mar 31, 2024	309,610		0.77	309,610		363,000
Total	691,365	$	0.92	691,365	$	363,000

Stock options

STOCKHOLDERS' EQUITY

Summary of stock options

		Wtd. Avg.
		Exercise
	Options	Price
Balance, July 1, 2024	250,000	$	1.10
Granted during the period	200,000		0.65
Granted during the period	250,000		0.65
Exercised during the period	—		—
Cancelled during the period	(250,000)	$	(1.10)
Balance, March 31, 2025	450,000	$	0.65

		Wtd. Avg.
		Exercise
	Options	Price
Balance, July 1, 2023	250,000	$	1.10
Granted during the period	—		—
Exercised during the period	—		—
Terminated/Expired during the period	—		—
Balance, March 31, 2024	250,000	$	1.10