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LONG-TERM INCENTIVE PLAN AWARDS (Tables)
6 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of stock options
                               
                Weighted-        
                Average        
          Weighted-     Remaining        
          Average     Contractual     Aggregate  
          Exercise     Life     Intrinsic  
Options   Shares     Price     (In Years)     Value  
Outstanding as of June 30, 2025     392,001     $ 4.64       0.58     $ 117,600  
Granted                        
Exercised                        
Cancelled                        
Forfeited or expired (1)     (245,001)       5.40              
Outstanding as of December 31, 2025     147,000     $ 3.38       0.99     $ 145,530  
                                 
Exercisable as of December 31, 2025     147,000     $ 3.38       0.99     $ 145,530  

 

(1)A total of 245,001 shares of fully vested stock options, which had been previously granted through its 2020 employee stock option plan, lapsed and expired in July 2025.

 

The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based upon our closing stock price of $4.37 as of December 31, 2025, which would have been received by the option holders had all option holders exercised their options as of that date. The weighted-average grant-date fair value of stock options outstanding as of December 31, 2025, in the amount of 147,000 shares was $2.83 per share. As of December 31, 2025, there was no unrecognized compensation cost related to non-vested stock options granted. 

 

A summary of the status of our stock options is presented below as of December 31, 2024:

                         
                Weighted-        
                Average        
          Weighted-     Remaining        
          Average     Contractual     Aggregate  
          Exercise     Life     Intrinsic  
Options   Shares     Price     (In Years)     Value  
Outstanding as of June 30, 2024     627,001     $ 4.24       2.88     $ 130,200  
Granted                        
Exercised                        
Cancelled                        
Forfeited or expired     (20,000 )     4.90              
Outstanding as of December 31, 2024     607,001     $ 4.20       1.40     $ 550,240  
                                 
Exercisable as of December 31, 2024     607,001     $ 4.20       1.40     $ 550,240