STOCK OPTIONS (Tables)

12 Months Ended

Jun. 30, 2020

Fair value weighted average assumptions

	For the Year Ended June 30,
	2020	2019
Expected volatility	45.38%to 65.49%	45.38%to 97.48%
Risk-free interest rate	0.30% to 2.35%	0.30% to 2.35%
Expected life (years)	2.5 -3.25	2.5 -3.25

2017 Employee Plan

Option activities

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2019		136,000	$	4.53		4.28	$	-
Granted		60,000		2.53		2.73		36
Exercised		-		-		-		-
Forfeited or expired		-		-		-		-
Outstanding at June 30, 2020		196,000		3.92		3.72		36
Exercisable at June 30, 2020		98,000		4.44		3.41		9

A summary of option activities under the 2017 Employee Plan during the twelve-month period ended June 30, 2019 is presented as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2018		60,000	$	5.98		4.73	$	-
Granted		76,000		3.38		-		-
Exercised		-		-		-		-
Forfeited or expired		-		-		-		-
Outstanding at June 30, 2019		136,000		4.53		4.28		-
Exercisable at June 30, 2019		49,000		4.97		4.11		-

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, 2020 is presented below:

is presented below:

	Options			Weighted Average Grant-Date Fair Value
Non-vested at July 1, 2019		87,000		$	4.28
Granted		60,000			2.53
Vested		(49,000	)		(4.44	)
Forfeited		-			-
Non-vested at June 30, 2020		98,000		$	3.39

A summary of the status of the Company’s non-vested employee stock options during the twelve months ended June 30, 2019 is presented below:

	Options			Weighted Average Grant-Date Fair Value
Non-vested at July 1, 2018		45,000		$	5.98
Granted		76,000			3.38
Vested		(34,000	)		(4.53	)
Forfeited		-			-
Non-vested at June 30, 2019		87,000		$	4.28

2007 Employee Plan

Option activities

A summary of option activities under the 2007 Employee Plan during the twelve-month period ended June 30, 2020 is presented as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2019		77,500	$	3.69		2.22	$	-
Granted		-		-		-		-
Exercised		-		-		-		-
Forfeited or expired		-		-		-		-
Outstanding at June 30, 2020		77,500	$	3.69		1.22	$	-
Exercisable at June 30, 2020		77,500	$	3.69		1.22	$	-

A summary of option activities under the 2007 Employee Plan during the twelve-month period ended June 30, 2019 is presented as follows:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2018		127,500		$	3.52		2.10	$	121
Granted		-			-		-		-
Exercised		(50,000	)		3.26		-		-
Forfeited or expired		-			-		-		-
Outstanding at June 30, 2019		77,500		$	3.69		2.22	$	-
Exercisable at June 30, 2019		68,125		$	3.62		2.15	$	-

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, 2020 is presented below: 

				Weighted Average Grant-Date
	Options			Fair Value
Non-vested at July 1, 2019		9,375		$	4.14
Granted		-			-
Vested		(9,375	)		(3.69	)
Forfeited		-			-
Non-vested at June 30, 2020		-		$	-

A summary of the status of the Company’s non-vested employee stock options during the twelve months ended June 30, 2019 is presented below: 

				Weighted Average Grant-Date
	Options			Fair Value
Non-vested at July 1, 2018		28,750		$	3.83
Granted		-			-
Vested		(19,375	)		(3.69	)
Forfeited		-			-
Non-vested at June 30, 2019		9,375		$	4.14

2017 Directors Equity Incentive Plan

Option activities

A summary of option activities under the 2017 Directors Plan during the twelve months ended June 30, 2020 is presented as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2019		160,000	$	4.63		4.25	$	-
Granted		80,000		2.53		4.73		48
Exercised		-		-		-		-
Forfeited or expired		-		-		-		-
Outstanding at June 30, 2020		240,000		3.93		3.75		48
Exercisable at June 30, 2020		240,000		3.93		3.75		48

A summary of option activities under the 2017 Directors Plan during the twelve months ended June 30, 2019 is presented as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2018		80,000	$	5.98		4.73	$	-
Granted		80,000		3.28		4.78		-
Exercised		-		-		-		-
Forfeited or expired		-		-		-		-
Outstanding at June 30, 2019		160,000		4.63		4.25		-
Exercisable at June 30, 2019		160,000		4.63		4.25		-

2007 Directors Equity Incentive Plan

Option activities

A summary of option activities under the 2007 Directors Plan during the twelve months ended June 30, 2020 is presented as follows:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2019		300,000			3.40		1.58		9
Granted		-			-		-		-
Exercised		-			-		-		-
Forfeited or expired		(50,000	)		3.81		-		-
Outstanding at June 30, 2020		250,000			3.32		0.83		22
Exercisable at June 30, 2020		250,000			3.32		0.83		22

A summary of option activities under the 2007 Directors Plan during the twelve months ended June 30, 2019 is presented as follows:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at July 1, 2018		390,000			3.41		2.05		412
Granted		-			-		-		-
Exercised		(70,000	)		3.40		-		-
Forfeited or expired		(20,000	)		3.62		-		-
Outstanding at June 30, 2019		300,000			3.40		1.58		9
Exercisable at June 30, 2019		300,000			3.40		1.58		9