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SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Summary of Stock Option Activity

Following is a summary of stock option activity for the nine months ended March 31, 2021 and 2020:

 

 

 

Nine Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

Number of Shares

 

 

Weighted-Average
Exercise Price

 

 

Number of Shares

 

 

Weighted-Average
Exercise Price

 

Outstanding at July 1,

 

 

54,000

 

 

$

1.86

 

 

 

54,000

 

 

$

1.86

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(22,500

)

 

 

1.94

 

 

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of period

 

 

31,500

 

 

$

1.81

 

 

 

54,000

 

 

$

1.86

 

Stock Options Exercisable at  December 31,

 

 

31,500

 

 

$

1.81

 

 

 

54,000

 

 

$

1.86