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26. STOCK OPTIONS (Tables)
12 Months Ended
Jun. 30, 2018
Fair value weighted average assumptions
    For the Year Ended June 30,  
    2018     2017  
Expected volatility   47.29%to 104.94%     47.29%to 104.94%  
Risk-free interest rate   0.30% to 0.78%     0.30% to 0.78%  
Expected life (years)     2.50          2.50  
2017 Employee Plan [Member]  
Option activities
    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
                         
Outstanding at July 1, 2017     -     $ -       -     $ -  
Granted     60,000       5.98       4.98       -  
Exercised     -       -       -       -  
Forfeited or expired     -       -       -       -  
Outstanding at June 30, 2018     60,000       5.98       4.73       -  
Exercisable at June 30, 2018     15,000       5.98       4.73       -  
Company's non-vested employee stock options
    Options      Weighted Average Grant Date Fair Value  
             
Non-vested at July 1, 2017     -     $ -  
Granted     60,000     $ 5.98  
Vested     (15,000 )   $ 5.98  
Forfeited     -       -  
      45,000     $ 5.98  
2007 Employee Plan [Member]  
Option activities

A summary of option activities under the 2007 Employee Plan during the twelve-month period ended June 30, 2018 is presented as follows:

 

    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
Outstanding at July 1, 2017     127,500     $ 3.52       3.10     $ 187  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited or expired     -       -       -       -  
Outstanding at June 30, 2018     127,500     $ 3.52       2.10     $ 121  
Exercisable at June 30, 2018     98,750     $ 3.43       1.73     $ 103  

 

A summary of option activities under the 2007 Employee Plan during the twelve-month period ended June 30, 2017 is presented as follows:

 

    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
Outstanding at July 1, 2016     90,000     $ 3.26       3.42     $ 30  
Granted     37,500       4.14       -       -  
Exercised     -       -       -       -  
Forfeited or expired     -       -       -       -  
Outstanding at June 30, 2017     127,500     $ 3.52       3.10     $ 187  
Exercisable at June 30, 2017     79,375     $ 3.36       2.36     $ 129  

 

Company's non-vested employee stock options

A summary of the status of the Company’s non-vested employee stock options during the twelve months ended June 30, 2018 is presented below: 

 

          Weighted Average Grant-Date  
    Options     Fair Value  
Non-vested at July 1, 2017     48,125     $ 3.77  
Granted     -       -  
Vested     (19,375 )     (3.43 )
Forfeited     -       -  
Non-vested at June 30, 2018     28,750     $ 3.83  

 

A summary of the status of the Company’s non-vested employee stock options during the twelve months ended June 30, 2017 is presented below:

 

          Weighted Average Grant-Date  
    Options     Fair Value  
Non-vested at July 1, 2016     38,750     $ 3.22  
Granted     37,500       4.14  
Vested     (28,125 )     3.19  
Forfeited     -       -  
Non-vested at June 30, 2017     48,125     $ 3.77  

 

2017 Directors Equity Incentive Plan [Member]  
Option activities
    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
                         
Outstanding at July 1, 2017     -     $ -       -     $ -  
Granted     80,000       5.98       4.98       -  
Exercised     -       -       -       -  
Forfeited or expired     -       -       -       -  
Outstanding at June 30, 2018     80,000       5.98       4.73       -  
Exercisable at June 30, 2018     80,000       5.98       4.73       -  
2007 Directors Equity Incentive Plan [Member]  
Option activities

A summary of option activities under the 2007 Directors Plan during the twelve months ended June 30, 2018 is presented as follows:

 

    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
                         
Outstanding at July 1, 2017     415,000       3.36       2.93       673  
Granted     -       -       -       -  
Exercised     (20,000 )     2.59       -       -  
Forfeited or expired     (5,000 )     2.07       -       -  
Outstanding at June 30, 2018     390,000       3.41       2.05       412  
Exercisable at June 30, 2018     390,000       3.41       2.05       412  

 

A summary of option activities under the 2007 Directors Plan during the twelve months ended June 30, 2017 is presented as follows:

 

    Options    

Weighted Average

Exercise

Price

   

Weighted Average Remaining

Contractual

Term (Years)

   

Aggregate

Intrinsic

Value

 
                         
Outstanding at July 1, 2016     415,000       3.14       3.29       198  
Granted     50,000       4.14       -       -  
Exercised     -       -       -       -  
Forfeited or expired     (50,000 )     2.30       -       -  
Outstanding at June 30, 2017     415,000       3.36       2.93       673  
Exercisable at June 30, 2017     415,000       3.36       2.93       673